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Thread: Daily Forex Analysis from FXCC

  1. #1
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    Daily Forex Analysis from FXCC

    Daily Forex Analysis from FXCC Nov 29 2012

    EU gives the go-ahead to Spanish bank restructuring plan

    The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy Joaquín Almunia said in the European morning that the injection of 37 billion euros of the bank rescue would require a 60% reduction in the size of the nationalized financial institutions by 2017.

    Joaquín Almunia informed that during the negotiations with Spanish authorities and the banks in question it was established that the recapitalization funds would be distributed as follows: 18 billion euros for Bankia, 9 billion for Catalunya Caixa, 5.5 billion for Nova Caixa Galicia and 4.5 billion for Banco de Valencia. The four nationalized financial institutions should abandon conceding loans for high risk activities and should transfer 45 billion euros of toxic assets to the newly created bad bank. Catalunya Caixa and Nova Caixa Galicia are expected to be sold before 2017.-FXstreet.com


    UPCOMING EVENTS :
    2012-11-29 08:55 GMT | Germany. Unemployment Change (Nov)
    2012-11-29 10:30 GMT | United Kingdom. BoE's Governor King Speech
    2012-11-29 13:30 GMT | United States. Gross Domestic Product Annualized (Q3)
    2012-11-29 15:00 GMT | United States. Pending Home Sales (MoM) (Oct)

    FOREX NEWS :
    2012-11-29 06:12 GMT | EUR/GBP flat below 0.8100, 50% Fibo
    2012-11-29 05:36 GMT | GBP/USD trying to push higher, eyeing 1.6020
    2012-11-29 05:25 GMT | NZD/USD higher on US 'fiscal cliff' optimism
    2012-11-29 04:09 GMT | EUD/USD bullish while above 1.2885 - Scotiabank

    -------------------------
    EURUSD :
    HIGH 1.29611 LOW 1.29388 BID 1.29460 ASK 1.29465 CHANGE -0.05% TIME 08:50:54



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Medium

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Next on tap, resistance level at 1.2962 (R1). A break higher could open the door for an attack to next target at 1.2980 (R2) and final immediate resistance is seen at 1.2996 (R3). Downwards scenario: Further retracement formation on the medium-term might occur below the support level at 1.2939 (S1), break here is required to put focus on actual targets at 1.2921 (S2) and 1.2903 (S3).

    Resistance Levels: 1.2962, 1.2980, 1.2996
    Support Levels: 1.2939, 1.2921, 1.2903

    --------------------------
    GBPUSD :
    HIGH 1.60202 LOW 1.60081 BID 1.60147 ASK 1.60155 CHANGE 0.01% TIME 08:50:55



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : Medium

    Upwards scenario: Upside risk aversion is seen above the resistance at 1.6021 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 1.6031 (R2) and 1.6042 (R3).Downwards scenario: Though, our medium-term outlook is bearish. A break through support level at 1.6005 (S1) is possible en route towards to our intraday targets at 1.5994 (S2) and 1.5983 (S3).

    Resistance Levels: 1.6021, 1.6031, 1.6042
    Support Levels: 1.6005, 1.5994, 1.5983

    -------------------------
    USDJPY :
    HIGH 82.214 LOW 82.006 BID 82.146 ASK 82.151 CHANGE 0.09% TIME 08:50:56



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Medium

    Upwards scenario: The pair might face key resistive bastion at 82.22 (R1). A break above it might activate upside pressure and suggest the short-term targets at 82.30 (R2) and 82.39 (R3). Downwards scenario: On a slightly longer term focus has returned to the support at 82.00 (S1). If the market manages to overcome it, next hurdle lies at 81.91 (S2) and 81.82 (S3).

    Resistance Levels: 82.22, 82.30, 82.39
    Support Levels: 82.00, 81.91, 81.82

    Source: FX Central Clearing Ltd,( ECN Forex Brokers | Forex Converter | Forex Expert Advisors | FXCC )

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    Daily Forex Analysis from FXCC Nov 30 2012

    Daily Forex Analysis from FXCC Nov 30 2012

    Moody's predicts softer EU GDPs in 2013

    Following comments from Moody’s about Greece struggling to be back on a sustainable debt path, also adding that they see high odds of Greek default on privately held debt, the rating agency hit back again on Thursday, this time to remind Eurozone countries that growth for 2013 is expected to be meager. According to Moody's, the Euro zone GDP is expected to rise 0.2% next year, with France GDP projection at 0.4%, Germany to show a 1.2% increase, while contractions in the tune of 4.2% and 1.5% are expected in Greece and Spain respectively. If Greece leaves the euro zone, the EU GDP would fall 4.5%, Moody’s forecasts.

    An official from the Greek finance ministry announced on Wednesday plans of hiring Deutsche Bank and Morgan Stanley to carry out the voluntary bond buyback. He affirmed that Deutsche Bank would take on the role of the principal supervisor, but would work closely together with Morgan Stanley. This decision comes after the EU and the IMF reached an agreement on conducting a debt repurchase aimed at reducing Greek debt to sustainable levels. Details of the buyback will be announced next week by the Greek debt management agency. As it has almost run out of money, the Greek government proposed that it would borrow 10 billion euros from the EFSF, which would allow it to buy 30 billion euros worth of debt, reducing thus its outstanding obligations by 20 billion euros. Greece still hasn't decided at what price it will offer the bond buyback to private holders of bonds.-FXstreeet.com



    UPCOMING EVENTS :
    2012-11-30 07:00 GMT | Germany. Retail Sales (YoY) (Oct)
    2012-11-30 10:00 GMT | European Monetary Union. Unemployment Rate (Oct)
    2012-11-30 13:30 GMT | United States. Core Personal Consumption Expenditure - Prices Index (YoY) (Oct)
    2012-11-30 13:30 GMT | Canada. Gross Domestic Product Annualized (QoQ) (Q3)

    FOREX NEWS :
    2012-11-30 05:39 GMT | GBP/USD flat below 1.6050, ‘favors the upside’ – V.Bednairk
    2012-11-30 05:26 GMT | USD/JPY higher for the session, but still flat for the week
    2012-11-30 04:28 GMT | EUR/USD soon expected to crack 1.30 - UBS
    2012-11-30 03:42 GMT | GBP/JPY capped below 8-month highs 132.50

    ----------------------
    EURUSD :
    HIGH 1.30067 LOW 1.29694 BID 1.30015 ASK 1.30022 CHANGE 0.18% TIME 08 : 21 : 10



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Medium

    MARKET ANALYSIS - Intraday Analysis

    Upwards scenario: Extension of the stability above the 1.3013 (R1) level would keep the bullish structure intact and validate next intraday targets at 1.3028 (R2) and 1.3042 (R3). Downwards scenario: The hourly structure might turn into negative scenario if the price mange to overcome next support level at 1.2982 (S1) later on today. Supportive areas locates at 1.2967 (S2) and 1.2951 (S3).

    Resistance Levels: 1.3013, 1.3028, 1.3042
    Support Levels: 1.2982, 1.2967, 1.2951

    ---------------------------------
    GBPUSD :
    HIGH 1.60485 LOW 1.60346 BID 1.60462 ASK 1.60470 CHANGE 0.04% TIME 08 : 21 : 11



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Medium

    Upwards scenario: GBPUSD might find buyers above the important resistance level at 1.6058 (R1) (High of the 27/11/2012). Break here would open route towards to our next targets at 1.6067 (R2) and 1.6077 (R3). Downwards scenario: In regard to the descending movement, opportunities for bearish oriented traders is seen below the support level at 1.6033 (S1). Loss here would enable next supports at 1.6024 (S2) and 1.6013 (S3).

    Resistance Levels: 1.6058, 1.6067, 1.6077
    Support Levels: 1.6033, 1.6024, 1.6013

    ------------------------
    USDJPY :
    HIGH 82.545 LOW 82.046 BID 82.380 ASK 82.385 CHANGE 0.32% TIME 08 : 21 : 12



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Medium

    Upwards scenario: A violation of next resistance at 82.55 (R1) might call for a run towards to next target at 82.67 (R2) and any further appreciation would then be targeting 82.81 (R3). Downwards scenario: Near-term risks are directed to a drop back to the consolidation formation below the support at 82.28 (S1). In such case our intraday expected targets would be 82.14 (S2) and 82.00 (S3).

    Resistance Levels: 82.55, 82.67, 82.81
    Support Levels: 82.28, 82.14, 82.00

    Source: FX Central Clearing Ltd,( Forex Calendar | Forex Trading Strategies | ECN Trading Forex | FXCC )

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    Daily Forex Analysis from FXCC Dec 03 2012

    Merkel no longer discards losses on Greek debt

    Weekend headlines suggest German Chancellor Angela Merkel may be re-thinking its stance over future Greece's debt haircuts, after she said on Sunday this is an option to consider, although not until the ongoing rescue program shows Greece's budget turned into a surplus. Since last Tuesday's deal to ease the mammoth-size debt burden that the Greek government suffers, so that its debt to GDP ratio can come down to 126.6% or thereabouts by 2020, Germany's posture on write-downs of Greek debt has been firm, saying that it would be illegal to pursue such scenario.

    The majority of German Chancellor Angela Merkel's center-right coalition members as well as the main opposition parties supported the Greek deal. This outcome has positive implications for Merkel herself, as the vote was also a test of her lawmaker's support for her European policies, ahead of the federal elections scheduled for September 2013. During the debate preceding the vote German Finance Minister Wolfgang Schaeuble expressed his satisfaction with Greece's austerity efforts and emphasized that the speculation on another haircut on Greek debt could destabilize the situation in the Eurozone further. - FXstreet.com


    UPCOMING EVENTS :
    2012-12-03 13:58 GMT | United States. Markit Manufacturing PMI (Nov)
    2012-12-03 14:00 GMT | United States. ISM Prices Paid (Nov)
    2012-12-03 15:00 GMT | United States. Construction Spending (MoM) (Oct)
    2012-12-03 15:00 GMT | United States. ISM Manufacturing PMI (Nov)

    FOREX NEWS :
    2012-12-03 04:37 GMT | EUR/GBP firm above 0.8100
    2012-12-03 00:02 GMT | USD/JPY capped below 82.50
    2012-12-03 01:25 GMT | EUR/USD should advance towards 1.3140 - BBH
    2012-12-03 00:47 GMT | AUD/USD breaks through 1.04 on disappointing Australian data

    -----------------------
    EURUSD :
    HIGH 1.30471 LOW 1.29845 BID 1.30309 ASK 1.30316 CHANGE 0.35% TIME 08:14:27



    OUTLOOK SUMMARY : UP
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Bullish

    MARKET ANALYSIS - Intraday Analysis

    Price action looks mainly consolidative on the hourly chart. Our next resistance stays at 1.3042 (R1). Market expansion towards to next targets at 1.3055 (R2) and 1.3075 (R3) looks reasonable if the price manages to overcome it.

    Resistance Levels: 1.3042, 1.3055, 1.3075
    Support Levels: 1.2968, 1.2958, 1.2938

    -------------------------
    GBPUSD :
    HIGH 1.60476 LOW 1.60129 BID 1.60304 ASK 1.60313 CHANGE 0.15% TIME 08:14:28




    OUTLOOK SUMMARY : Sideway
    TREND CONDITION : Neutral
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Bearish

    The instrument does not seem to have momentum to identify clear direction. Protective measures for the upside development is seen at 1.6058 (R1). Break here would suggest next intraday targets at 1.6067 (R2) and 1.6077 (R3).

    Resistance Levels: 1.6058, 1.6067, 1.6077
    Support Levels: 1.6020, 1.6011, 1.5999

    --------------------------
    USDJPY :
    HIGH 82.502 LOW 82.266 BID 82.342 ASK 82.348 CHANGE -0.15% TIME 08:14:29



    OUTLOOK SUMMARY : Sideway
    TREND CONDITION : Neutral
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : Bullish

    Instrument moves in range mode. In terms of technical levels next resistance level could be found at 82.74 (R1). Appreciation above it might enable next targets at 82.84 (R2) and 81.68 (R3) in potential.

    Resistance Levels: 82.74, 82.84, 82.99
    Support Levels: 82.04, 81.90, 81.68

    Source: FX Central Clearing Ltd

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    Daily Forex Analysis from FXCC Dec 04 2012

    Spain makes formal request for EU funds to recapitalize ailing banks

    Spain has formally requested aid for its ailing banking sector on Monday. 36.5 billion euros of bailout funds, including 2.5 billion euros for the “bad bank", are due to be released on December 12. Four nationalized Spanish banks will be the recipients of the funds: 18 billion will go to Bankia; 9 billion to CatalunyaBanc, 5 billion to Nova Caixa Galicia; 4.5 billion to Banco de Valencia. The release of the aid is expected to be approved by the Eurogroup during their monthly meeting today in the European afternoon.

    Even though it is not the full sovereign bailout request awaited by the markets, the news caused the euro to spike to the 1.3075 region, a new six-week high against the dollar. - FXstreet.com


    UPCOMING EVENTS :
    2012-12-04 10:00 GMT | European Monetary Union.Producer Price Index (YoY) (Oct)
    2012-12-04 14:00 GMT | Canada.BoC Interest Rate Decision (Jan 4)
    2012-12-04 14:00 GMT | Canada.BOC Rate Statement
    2012-12-04 22:30 GMT | Australia.AiG Performance of Services Index (Nov)

    FOREX NEWS :
    2012-12-04 05:36 GMT | EUR/GBP in a 10 pip range for last 11 hours above 0.81
    2012-12-04 03:20 GMT | EUR/JPY bulls looking for break above 107.65
    2012-12-04 01:58 GMT | More EUR/USD gains yet to come - V.Bednarik
    2012-12-04 01:10 GMT | USD/JPY double roof materializing at 78.6% Fibo


    EURUSD :
    HIGH 1.30645 LOW 1.30459 BID 1.30570 ASK 1.30575 CHANGE 0.04% TIME 08:05:53



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Up trend
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : High

    MARKET ANALYSIS - Intraday Analysis

    We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.3071 (R1). Immediate focus comes on 1.3088 (R1) and 1.3103 (R3) in such scenario.

    Resistance Levels: 1.3071, 1.3088, 1.3103
    Support Levels: 1.3041, 1.3030, 1.3020

    -------------------------
    GBPUSD :
    HIGH 1.61024 LOW 1.60865 BID 1.60943 ASK 1.60949 CHANGE 0.02% TIME 08:05:54



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Up trend
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : High

    Break above the resistance level at 1.6115 (R1) might change market structure and determine medium term uptrend development. In such case, we suggest next targets at 1.6138 (R2) and any further rise would then be targeting to 1.6161 (R3) intraday.

    Resistance Levels: 1.6115, 1.6138, 1.6161
    Support Levels: 1.6072, 1.6059, 1.6049


    USDJPY :
    HIGH 82.249 LOW 82.042 BID 82.111 ASK 82.116 CHANGE -0.16% TIME 08:05:55



    OUTLOOK SUMMARY : Down
    TREND CONDITION : Down trend
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : High

    Our next support level stays at 82.06 (S1). Loss here might drive market price towards to next targets at 81.96 (S2) and 81.88 (S3) in perspective.

    Resistance Levels: 82.28, 82.46, 82.68
    Support Levels: 82.06, 81.96, 81.88

    Source: FX Central Clearing Ltd,( ECN Forex Trading System | What Is Forex | Forex Live | FXCC )

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    Daily Forex Analysis from FXCC Dec 05 2012

    No breakthrough on banking union due to Franco-German dispute

    A clash between France and Germany over banking supervision in the Eurozone prevented the Eurogroup from reaching an agreement on the EU banking union on Tuesday. EU finance ministers decided to hold an additional meeting on December 12, just ahead of the EU summit on December 13, by which time a deal on the banking union needs to be made. France and Germany are divided over the scope of ECB's powers as the Eurozone bank supervisor. France pushes for a solution in which the central bank would regulate all the financial institutions in the region, while Germany would like smaller banks to be excluded from this supervision. Berlin is also not too keen on seeing a full banking union formed that quickly, as it fears it will be obliged to pay for potential future banking losses in other Member States.

    German finance minister Wolfgang Schäuble commented on France's proposition saying that there was no possibility for the central bank to supervise so many financial institutions, while his French counterpart Pierre Moscovici stated that the EU cannot introduce a system of dual supervision."We have no mandate for a dual system of supervision which would call into question the existence of a single system for some banks," the French finance minister argued. - FXstreet.com



    UPCOMING EVENTS :
    2012-12-05 15:00 GMT | United States. ISM Non-Manufacturing PMI (Nov)
    2012-12-05 20:00 GMT | New Zeeland. RBNZ Interest Rate Decision
    2012-12-05 20:00 GMT | New Zeeland. Monetary Policy Statement
    2012-12-05 20:00 GMT | New Zeeland. RBNZ Press Conference

    FOREX NEWS :
    2012-12-05 05:42 GMT | GBP/USD moves above 1.61, eyes 1.6130
    2012-12-05 04:30 GMT | EUR/USD breaks above fresh 8-week highs
    2012-12-05 03:00 GMT | EUR/JPY surges to 8-month highs on Nishimura statement
    2012-12-05 04:55 GMT | AUD/USD bears defending 1.05

    ------------------------
    EURUSD :
    HIGH 1.31253 LOW 1.30906 BID 1.31074 ASK 1.31082 CHANGE 0.09% TIME 08:07:22



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Upward penetration
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : High

    MARKET ANALYSIS - Intraday Analysis

    Medium term bias is positive for the pair. Risk of market appreciation is seen above the next resistance level at 1.3116 (R1). Loss here would suggest next target at 1.3129 (R2) and any further rise would then be targeting 1.3142 (R3).

    Resistance Levels: 1.3116, 1.3129, 1.3142
    Support Levels: 1.3090, 1.3080, 1.3072

    ----------------------
    GBPUSD :
    HIGH 1.61185 LOW 1.60938 BID 1.61062 ASK 1.61072 CHANGE 0.06% TIME 08:07:23



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Downward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : High

    Market is forming the right shoulder of the Head and shoulders figure on the hourly chart currently, from our next resistance level at 1.6115 (R1). Above here retracement formation might expand its power towards to resistance levels at 1.6124 (R2) and 1.6138 (R3).

    Resistance Levels: 1.6115, 1.6124, 1.6138
    Support Levels: 1.6091, 1.6080, 1.6064

    -----------------------------
    USDJPY :
    HIGH 82.338 LOW 81.796 BID 82.263 ASK 82.268 CHANGE 0.45% TIME 08:07:24



    OUTLOOK SUMMARY : Sideway
    TREND CONDITION : Up trend
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : High

    Instrument moves sideways. In terms of technical levels next resistance level could be found at 82.29 (R1). Appreciation above it might enable next targets at 82.37 (R2) and 82.46 (R3) in potential.

    Resistance Levels: 82.29, 82.37, 82.46
    Support Levels: 82.16, 82.07, 81.94

    Source: FX Central Clearing Ltd,( ECN Forex Trader | Forex Strategies | Forex Trading Software | FXCC )

  6. #6
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    I found FXCC very helpful.brook holders can get a lot of information from this.
    Analysis of DEC 6 2012
    IN AN UPRISING HEADLINE reflected by marginal losses in EUR/USD, since the new broke rating agency S&P downgraded.Greek government has invited private sector bond holders.British chancellor George delivered his autumn budget statement before Parliament on Wednesday.the upcoming events and many more info is there on FXCC.

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    Daily Forex Analysis from FXCC Dec 07 2012

    ECB, Berlusconi Hit EURUSD Hard

    Lower by 0.73% in the morning session, the EURUSD is being weighed down by major developments in Europe. Specifically, sparks of political instability in one of the troubled EU members, as well as a pessimistic outlook on Europe’s growth potential is making it difficult for traders to be bullish the Euro. The sentiment has traders and technicians eyeing the 1.2900 as the next viable support barrier. Although leaving the benchmark interest rate at 0.75% early in the morning, the European Central Bank issued a dour note when it came time to assess the economic future of the European Union. In a post decision press conference, ECB President Mario Draghi noted that significant headwinds had placed pressure on a potential regional recovery. So much so that growth prospects for next year were forecasted lower, with the 17-member Union looking to either remain unchanged or contract slightly. Official estimates now lie between a 0.3% pace of growth and a 0.9% contraction in 2013.

    Additionally, Draghi noted that “available statistics and survey indicators continue to signal further weakness in activity in the last quarter of the year”.This isn’t seen as favorable for the Euro, which was expecting a slight recovery in the European Union next year – at a pace of 0.5%. - FXstreet.com


    UPCOMING EVENTS :
    2012-12-07 10:00 GMT | EMU.ECB President Draghi's Speech
    2012-12-07 13:30 GMT | Canada.Net Change in Employment (Nov)
    2012-12-07 13:30 GMT | Canada.Unemployment Rate (Nov)
    2012-12-07 13:30 GMT | USA.Nonfarm Payrolls (Nov)

    FOREX NEWS :
    2012-12-07 05:50 GMT | GBP/USD unchanged around 1.0650; UK, US data eyed
    2012-12-07 02:58 GMT | EUR/JPY grinds back up to 107 after overnight drop
    2012-12-07 06:06 GMT | Will NFP confirm EUR/USD weekly losses?
    2012-12-07 00:38 GMT | AUD/USD, Australia trade number discourages volatility; stops above 1.0525

    ----------------------
    EURUSD :
    HIGH 1.29724 LOW 1.29548 BID 1.29564 ASK 1.29571 CHANGE -0.09% TIME 08:05:55



    OUTLOOK SUMMARY : Down
    TREND CONDITION : Downward penetration
    TRADERS SENTIMENT : Bullish
    IMPLIED VOLATILITY : High

    MARKET ANALYSIS - Intraday Analysis

    Current price deviation might face next support level at 1.2950 (S1). We expect price downgrade towards to our targets at 1.2942 (S2) and 1.2931 (S3) as a part of consolidation formation in case of successful penetration below it.

    Resistance Levels: 1.3048, 1.3070, 1.3092
    Support Levels: 1.2950, 1.2942, 1.2931

    -----------------------
    GBPUSD :
    HIGH 1.60573 LOW 1.60359 BID 1.60533 ASK 1.60542 CHANGE 0.02% TIME 08:05:56



    OUTLOOK SUMMARY : Down
    TREND CONDITION : Downward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : High

    Price might retest our support at 1.6034 (S1) on the downside. Break here would suggest next target at 1.6037 (S2) and any further fall would then be targeting to 1.6012 (S3).

    Resistance Levels: 1.6082, 1.6094, 1.6117
    Support Levels: 1.6034, 1.6027, 1.6012

    --------------------
    USDJPY :
    HIGH 82.564 LOW 82.363 BID 82.379 ASK 82.384 CHANGE 0% TIME 08:05:57



    OUTLOOK SUMMARY : Sideway
    TREND CONDITION : Neutral
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : High

    Instrument trapped to the range mode trading and we are not expecting significant deviation from its average parameters today. Risks of market strengthening are seen above the next resistance level at 82.46 (R1). Our suggested targets locate at 82.55 (R2) and 82.61 (R3).

    Resistance Levels: 82.46, 82.55, 82.61
    Support Levels: 82.29, 82.19, 82.12

    Source: FX Central Clearing Ltd

  8. #8
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    Can anyone here please upload analysis of December 6,2012 ? i really need it.thanks !

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    Daily Forex Analysis from FXCC Dec 11 2012

    Daily Forex Analysis from FXCC Dec 11 2012

    Silvio Berlusconi Makes Trouble For EURUSD Bulls

    Although the single currency is higher on the day, it’s abundantly clear that the recent resignation by Italian Prime Minister Mario Monti is keeping Euro bulls at bay. The prime minister is now scheduled to step down following the 2013 budget vote taking place before the end of the year – instead of serving till April of next year. The announcement changes the political landscape of the largest of the troubled peripheral nations, and will likely add to recent pessimism when it comes to the single currency. However, with public discontent over recent austerity and tax increases rising, many of Monti’s previous allies have fallen away. In particular, former Prime Minister Silvio Berlusconi and his People of Freedom (PDL) party, have become disenchanted with the current administration. The sentiment was heightened last week when representatives of the PDL walked out of an economic reform vote – calling for a vote of no-confidence in the prime minister. The notion was unfortunately backed by several other members of the Democratic Party – Monti’s major backer in the political arena.

    With Monti’s final resignation to come in the next few weeks, it will be up to Italian President Giorgio Napolitano to dissolve parliament, and either appoint a successor or keep Monti as the country’s PM. General elections will follow, placing the date somewhere in February 2013 at the earliest. - FXstreet.com


    UPCOMING EVENTS :
    2012-12-11 10:00 GMT | Germany.ZEW Survey - Economic Sentiment (Nov)
    2012-12-11 13:30 GMT | USA.Trade Balance (Oct)
    2012-12-11 23:30 GMT | Australia.Westpac Consumer Confidence (Dec)
    2012-12-11 23:50 GMT | Japan.Machinery Orders (YoY) (Oct)

    FOREX NEWS :
    2012-12-11 04:59 GMT | AUD/USD strengthens on China data
    2012-12-11 04:42 GMT | EUR/USD breaking to fresh session highs on better than expected China data
    2012-12-11 03:55 GMT | GBP/JPY bears defending 132.50
    2012-12-11 01:20 GMT | EUR/AUD on fresh session highs following bad Aussie confidence data

    ----------------------------
    EURUSD :
    HIGH 1.29622 LOW 1.29287 BID 1.29597 ASK 1.29601 CHANGE 0.15% TIME 08:05:06



    OUTLOOK SUMMARY : Up
    TREND CONDITION : Downward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Low

    MARKET ANALYSIS - Intraday Analysis

    We expect resuming of the uptrend formation if the price manages to overcome next resistance level at 1.2968 (R1). Immediate focus comes on 1.2981 (R2) and 1.2996 (R3) in such scenario.

    Resistance Levels: 1.2968, 1.2981, 1.2996
    Support Levels: 1.2905, 1.2891, 1.2877

    -------------------
    GBPUSD :
    HIGH 1.60873 LOW 1.6069 BID 1.60870 ASK 1.60879 CHANGE 0.08% TIME 08:05:07



    OUTLOOK : SUMMARY
    TREND CONDITION : Downward penetration
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Low

    The initial uptrend formation was resumed later today. Possible targets are located at 1.6094 (R2) and 1.6102 (R3), in case of successful penetration above the next resistance level at 1.6087 (R1).

    Resistance Levels: 1.6087, 1.6094, 1.6102
    Support Levels: 1.6063, 1.6052, 1.6042

    -----------------
    USDJPY :
    HIGH 82.437 LOW 82.305 BID 82.310 ASK 82.315 CHANGE -0.06% TIME 08:05:08



    OUTLOOK SUMMARY : Sideway
    TREND CONDITION : Sideway
    TRADERS SENTIMENT : Bearish
    IMPLIED VOLATILITY : Low

    USD/JPY trades in non-directional basis on the medium term perspective. Further price decrease is expected below the next support level at 82.28 (S1). Break here is required to enable next targets at 82.20 (S2) and 82.14 (S3).

    Resistance Levels: 82.44, 82.50, 82.56
    Support Levels: 82.28, 82.20, 82.14

    Source: FX Central Clearing Ltd,( Forex Blog | Forex Market Hours | ECN Automated Forex Trading] | FXCC )

  10. #10
    Banned
    Join Date
    Aug 2012
    Posts
    160
    Forex Technical & Market Analysis Dec 12 2012

    Greek banks tender rest of Greek debt holdings to help reach buyback target
    According to reports, Greece has reached the bond buyback target at 31.5 billion euros on Tuesday. The deadline for submitting bids was extended by one more day yesterday, due to the inability to reach the expected 30 billion euros by initial deadline which ended on December 7 at 17:00 GMT. Greek banks probably tendered the total amount of the Greek debt they hold in order to help cover the difference between the 26.5 billion euros received last Friday and the the expected 30 billion euros. This means that the EU and the IMF will now be able to unblock the next bailout tranche for the indebted country.

    Spain held a debt auction on Tuesday during which it managed to sell 3.89 billion euros of 12- and 18 -month government bods, above the targeted 3.5 billion euros. 2.39 billion euros of 12-month bills were auctioned at an average yield of 2.556%, down from 2.797% seen at the previous auction. The bid to cover ratio was at 2.46, compared with the previous 2.12. 1.5 billion euros of 18-month bonds were sold at an average yield of 2.778% versus 3.034%. The bid to cover ratio was at 2.7 from 5.72 seen previously.



    Forex Calendar
    2012-12-12 09:30 GMT | UK.Claimant Count Change (Nov)
    2012-12-12 17:30 GMT | USA.Fed Interest Rate Decision (Dec 12)
    2012-12-12 19:00 GMT | USA.FOMC Economic Projections
    2012-12-12 19:15 GMT | USA.Fed’s Monetary Policy Statement and press conference

    Forex News
    2012-12-12 05:48 GMT | GBP/USD tight in range ahead of UK, US events
    2012-12-12 04:00 GMT | GBP/JPY just 30 pips below year 2012 highs
    2012-12-12 02:27 GMT | AUD/USD stalls below 1.0540 awaiting RBA Stevens
    2012-12-12 00:49 GMT | EUR/USD: tight ranges circa 1.3000 expected pre-Fed

    --------------
    EURUSD
    HIGH: 1.30141 | LOW: 1.29968 | BID: 1.29974 | ASK: 1.29980 | CHANGE: -0.06% | TIME: 08:14:53



    OUTLOOK SUMMARY: Down
    TREND CONDITION: Downward penetration
    TRADERS SENTIMENT: Bearish
    IMPLIED VOLATILITY: High

    MARKET ANALYSIS – Intraday Analysis
    Price setup is looking for a pullback development. Downside fluctuations remains for now limited to next support level at 1.2984 (S1), only clear break here would be a signal of market easing with next targets at 1.2971 (S2) and 1.2958 (S3).

    Resistance Levels: 1.3014, 1.3028, 1.3042
    Support Levels: 1.2984, 1.2971, 1.2958

    --------------
    GBPUSD
    HIGH: 1.61203 | LOW: 1.60999 | BID: 1.61110 | ASK: 1.61119 | CHANGE: -0.01% | TIME: 08:14:54



    OUTLOOK SUMMARY: UP
    TREND CONDITION: Sideway
    TRADERS SENTIMENT: Bearish
    IMPLIED VOLATILITY: High

    The market seems to be trading in a range. If the market participants manage to push the price below the support level at 1.6089 (S1) the instrument has an increased likelihood of failing towards to next targets at 1.6071 (S2) and 1.6054 (S3).

    Resistance Levels: 1.6130, 1.6144, 1.6158
    Support Levels: 1.6089, 1.6071, 1.6054

    --------------
    USDJPY
    HIGH: 82.69 | LOW: 82.481 | BID: 82.654 | ASK: 82.659 | CHANGE: 0.19% | TIME: 08:14:55



    OUTLOOK SUMMARY: Up
    TREND CONDITION: Sideway
    TRADERS SENTIMENT: Bearish
    IMPLIED VOLATILITY: High

    USD/JPY did not find priority in direction yet. Climb above the next resistance level at 82.70 (R1) might provide market with sufficient bullish power and attack next targets at 82.76 (R2) and 82.82 (R3) later on today.

    Resistance Levels: 82.70, 82.76, 82.82
    Support Levels: 82.32, 82.26, 82.20

    Source: FX Central Clearing Ltd,( Forex Strategy | ECN Forex Trading Systems | Forex Exchange Rates | FXCC )

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