The Fed will most likely keep its policy unchanged
On Monday, global core bonds easily recouped an early session dip triggered by the formation of an Italian government, which received the confidence of parliament yesterday. Furthermore, equities kept a positive tone and closed with moderate gains. However, core bonds ignored equities and traded sideways in a tight range, once initial losses were recouped. By the end of trading, German yields were less than 1 bp from Friday’s close. US yields were virtually unchanged too, with the exception of the 30-yr (+ 1.7 bps).
In other news, inflation figures of Germany, Belgium and Spain showed a sharp slowing, while the EU confidence data were a bit weaker than expected. They were bond supportive, but we didn’t see a reaction upon publication. US eco data (see news section) were largely ignored. Bond auctions in Italy and Belgium went well (see below). - FXstreet.com
2013-04-30 12:30 GMT
CAD.Gross Domestic Product (MoM) (Feb)
2013-04-30 13:45 GMT
USA.Chicago Purchasing Managers' Index (Apr)
2013-04-30 14:00 GMT
USA.Consumer Confidence (Apr)
2013-04-30 22:30 GMT
AUS.AiG Performance of Mfg Index (Apr)
2013-04-30 07:09 GMT
EUR/USD dips to 1.3075/80 on Spanish GDP
2013-04-30 07:01 GMT
USD/CHF erases losses after German retail sales
2013-04-30 06:45 GMT
USD/JPY at lows of 97.70 after jump to 98.13 high
2013-04-30 06:31 GMT
GBP/USD below 1.5500 ahead of UK data
AUDUSD
1.03529 / 535
NZDUSD
0.85497 / 509
USDCHF
0.93644 / 654
USDCAD
1.01198 / 204
GBPJPY
151.479 / 493
EURCHF
1.22520 / 530
GOLD
1473.36 / .81
SILVER
24.35 / .39
EURUSD
HIGH1.31205
LOW1.30668
BID1.30732
ASK1.30737
CHANGE-0.19%
TIME10:57:22
OUTLOOK SUMMARY
Down
TREND CONDITION
Upward penetration
TRADERS SENTIMENT
Bearish
IMPLIED VOLATILITY
Medium
MARKET ANALYSIS - Intraday Analysis
Upwards scenario: On the upside potential is seen for a break above the resistance at 1.3103 (R1). In such case we would suggest next target at 1.3121(R2) and any further rise would then be limited to final resistance at 1.3135 (R3). Downwards scenario: Penetration below the support at 1.3076 (S1) is liable to put more downward pressure on the instrument in the near-term perspective. As a result our supportive means at 1.3062 (S2) and 1.3045 (S3) might be triggered.
Resistance Levels: 1.3103, 1.3121, 1.3135
Support Levels: 1.3076, 1.3062, 1.3045
GBPUSD
HIGH1.55066
LOW1.54681
BID1.54906
ASK1.54909
CHANGE-0.06%
TIME10:57:23
OUTLOOK SUMMARY
TREND CONDITION
Up trend
TRADERS SENTIMENT
Bearish
IMPLIED VOLATILITY
Medium
Upwards scenario: Our technical outlook for the medium-term perspective remains bullish oriented. Clearance of next resistance level at 1.5534 (R1) would enable bullish pressure and open route towards to our next targets at 1.5560 (R2) and 1.5583 (R3). Downwards scenario: On the other hand, successful retest of our next support level at 1.5469 (S1) might provide sufficient momentum for the price acceleration towards to interim target at 1.5433 (S2). Final aim for today locates at 1.5401 (S3).
Resistance Levels: 1.5534, 1.5560, 1.5583
Support Levels: 1.5469, 1.5433, 1.5401
USDJPY
HIGH98.125
LOW97.673
BID97.814
ASK97.816
CHANGE0.06%
TIME10:57:23
OUTLOOK SUMMARY
Down
TREND CONDITION
Down trend
TRADERS SENTIMENT
Bullish
IMPLIED VOLATILITY
Medium
Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 92.02 (R1). Price extension above it is required to validate our next intraday targets at 98.16 (R2) and 98.30 (R3). Downwards scenario: Any downside extension is limited now to the next support level at 97.59 (S1). Break here is required to open a route towards to next target at 97.42 (S2) and then any further easing would be targeting final support at 97.27 (S3).
Resistance Levels: 98.02, 98.16, 98.30
Support Levels: 97.59, 97.42, 97.27
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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