Year In Preview: What Will 2013 Bring for the Euro?
Another year has gone by and a lot has happened in the last twelve months, even as the European financial crisis continues to persist. But, taking a look at the next twelve months, and it’s easy to see that things are going to be that much calmer for the single currency in 2013. Here are some things to consider when January 1st rolls around. Shift in ECB Policy With European Union growth remaining lower for most of 2012, the European Central Bank has refrained from cutting rates amid persistently higher inflation. Although not rampant, the pace of consumer prices has risen by 2.2-2.5% annually in 2012 – a cause for at least some concern and a stay on rates. However, with inflation set to decline once again on slower growth, ECB policymakers may be at a favorable point in time to execute a rate cut of 25 basis points. The notion is being supported by growth forecasts by the central bank that pit EU contraction at about 0.3% for all of next year.
The rate cut would be bearish for the Euro in the short term, but at least support the chance for growth in the wider EU region as periphery economies are expected to contribute handsomely to the decline in overall expansion. - FXstreet.com
2012-12-26 13:55 GMT
USA.Redbook index (YoY)
2012-12-26 13:55 GMT
USA.Redbook index (MoM)
2012-12-26 14:00 GMT
USA.S&P/Case-Shiller Home Price Indices (YoY) (Oct)
2012-12-26 15:00 GMT
USA.Richmond Fed Manufacturing Index (Dec)
2012-12-24 19:27 GMT
EUR/USD ends the day unchanged
2012-12-24 18:12 GMT
GBP/USD to end the year around 1.63 - Rabobank
2012-12-24 15:21 GMT
EUR/JPY hits 112.00 as investors price in comments from Japan
2012-12-24 15:06 GMT
AUD/USD trading near calculated support at 1.0385/87
Upwards scenario: Next resistance level at 1.3217 (R1) locates above the local peak. Break here is required to enable next target at 1.3231 (R2) and any further rise would then be limited to 1.3246 (R3). Downwards scenario: Loss of next support at 1.3162 (S1) might drive market price towards to the next targets at 1.3148 (S2) and 1.3134 (S3).
Resistance Levels: 1.3217, 1.3231, 1.3246
Support Levels: 1.3162, 1.3148, 1.3134
GBPUSD
HIGH1.62061
LOW1.61009
BID1.61202
ASK1.61212
CHANGE0%
TIME08:23:46
OUTLOOK SUMMARY
Down
TREND CONDITION
Downward
penetration
TRADERS SENTIMENT
Bullish
IMPLIED VOLATILITY
Low
Upwards scenario: Any upwards formation today is limited to resistive measures at 1.6149 (R1). A break above it would suggest next target at 1.6165 (R2). If the price holds its momentum we can expect a further rise towards to 1.6177 (R3). Downwards scenario: Further decline is possible below the next support level at 1.6109 (S1). Expected targets locate at 1.6097 (S2) and XX1.6084 (S3) in potential.
Resistance Levels: 1.6149, 1.6165, 1.6177
Support Levels: 1.6109, 1.6097, 1.6084
USDJPY
HIGH84.865
LOW84.322
BID84.785
ASK84.793
CHANGE0%
TIME08:23:48
OUTLOOK SUMMARY
TREND CONDITION
Upward
penetration
TRADERS SENTIMENT
Bullish
IMPLIED VOLATILITY
Low
Upwards scenario: The short- term tendency is bullish as both moving averages are pointing up. Next resistance level is seen at 84.89 (R1), clearance here would open way for strengthening towards to next targets at 85.15 (R2) and 85.36 (R3). Downwards scenario: Retracement development is limited to the next support level at 84.61 (S1). Clearance here would open road towards to possible targets, located at 84.45 (S2) and 84.33 (S3).
Resistance Levels: 84.89, 85.15, 85.36
Support Levels: 84.61, 84.45, 84.33
Disclaimer
The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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