Monday, April 15, 2013

FXCC : MARKET UPDATE 15.04.2013

FXCC Forex Trading

MARKET UPDATE15.04.2013

2013-04-15 03:50 GMT
Eurogroup releases statement on Cyprus
Eurozone finance ministers, who are holding talks in Dublin today, have released a statement on Cyprus in which they assure that the country has met all the requirements, allowing for the bailout deal to be completed. According to the document: The Eurogroup notes with satisfaction that the Cypriot authorities have implemented decisive bank resolution, restructuring and recapitalisation measures to address the fragile and unique situation of Cyprus' financial sector. The Eurogroup commends the authorities for their demonstrated resolve in implementing these important measures in a tight timeframe and reiterates its appreciation for the efforts made by the Cypriot citizens over the last weeks.” Eurozone finance ministers expect the bailout fund ESM board to give the green light to the proposal of granting Cyprus a 10 billion euro bailout on April 24. The first tranche of the aid could then be released by mid-may.
Following the release of the statement on the Cypriot bailout, Eurozone finance ministers, who hold talks today in Dublin, announced that the loan repayment for Ireland and Portugal would be extended. Eurogroup chief Jeroen Dijsselbloem confirmed that the Eurozone finance ministers agreed to give seven more years to Portugal and Ireland to repay their bailout loans amounting to 78 billion euros and 85 billion euros, respectively. He also informed that the maturity extension will most probably be approved at the upcoming Ecofin meeting, which kicks off later today. EU Commissioner Olli Rehn expressed hope that Ecofin would give the green light to the measure, which in his opinion is an important step on the road to exiting the rescue program.-FXstreet.com

2013-04-15 09:00 GMT
EMU. Trade Balance s.a. (Feb)
2013-04-15 12:30 GMT
USA. NY Empire State Manufacturing Index (Apr)
2013-04-15 13:00 GMT
USA. Total Net TIC Flows (Feb)
2013-04-15 14:00 GMT
USA. NAHB Housing Market Index (Apr)

2013-04-15 04:34 GMT
Draghi testimony key in the week ahead for euro - UBS
2013-04-15 04:08 GMT
EUR/JPY, stops below 127.70 tripped
2013-04-15 03:45 GMT
USD/CAD catching a firm bid, trading up 43 pips at 1.0184
2013-04-15 03:08 GMT
NZD/USD again below 0.85
AUDUSD
1.04333 / 340
NZDUSD
0.84958 / 965
USDCHF
0.93121 / 127
USDCAD
1.01916 / 923
GBPJPY
149.957 / 969
EURCHF
1.21660 / 668
GOLD
1451.68 / .13
SILVER
24.75 / .78
EURUSDHIGH1.31143LOW1.30649BID1.30789ASK1.30796CHANGE-0.21%TIME07:56:03
OUTLOOK SUMMARY

Neutral
TREND CONDITION

Sideway
TRADERS SENTIMENT

Bearish
IMPLIED VOLATILITY

Low
MARKET ANALYSIS - Intraday Analysis
Upwards scenario: Neutral channel formation remains in play on the hourly chart. Our next resistance level is placed above the local peak at 1.3125 (R1). Strengthening above it would point to resistive structure at 1.3157 (R2) onto 1.3189 (R3). Downwards scenario: Possible downside extension might face next supportive barrier at 1.3063 (S1). Clearance here is required to open the way towards to our initial support at 1.3031 (S2) and any further price regress would then be limited to final support at 1.2997 (S3).
Resistance Levels: 1.3125, 1.3157, 1.3189
Support Levels: 1.3063, 1.3031, 1.2997
GBPUSDHIGH1.53846LOW1.53082BID1.53252ASK1.53258CHANGE-0.09%TIME07:56:04
OUTLOOK SUMMARY

Down
TREND CONDITION

Downward
penetration
TRADERS SENTIMENT

Bearish
IMPLIED VOLATILITY

Low
Upwards scenario: Next resistance level is seen at 1.5355 (R1). Subsequently loss here might create upside momentum and drive market price towards to our initial targets at 1.5384 (R2) and 1.5415 (R3) in potential. Downwards scenario: An important technical level is seen at 1.5306 (S1). Market decline below this level might initiate bearish pressure and drive market price towards to our next targets at 1.5282 (S2) and 1.5257 (S3).
Resistance Levels: 1.5355, 1.5384, 1.5415
Support Levels: 1.5306, 1.5282, 1.5257
USDJPYHIGH98.712LOW97.554BID97.892ASK97.897CHANGE-0.49%TIME07:56:05
OUTLOOK SUMMARY

Down
TREND CONDITION

Down
trend
TRADERS SENTIMENT

Bullish
IMPLIED VOLATILITY

Low
Upwards scenario: Next hurdle on the upside is seen at important technical level – 98.62 (R1). If the price manages to overcome it we expect further acceleration towards to our initial targets at 99.17 (R2) and 99.71 (R3). Downwards scenario: Price regress below the support level at 97.55 (S1) would increase likelihood of failing towards to our key supportive barrier at 97.08 (S2) and any further market decline would then be targeting final support for today at 96.57 (S3).
Resistance Levels: 98.62, 99.17, 99.71
Support Levels: 97.55, 97.08, 96.57
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. Flag Counter Visit Us www.deryworldscorp.web.id Visit Us www.deryworldscorp.asia

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