|
|
|
|
2013-03-12 06:12 GMT
Troika inclined towards extending Portugal’s rescue loan maturity
Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis
egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet,
ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est.
Mauris placerat eleifend leo. Quisque sit amet est et sapien ullamcorper pharetra.
Vestibulum erat wisi, condimentum sed, commodo vitae, ornare sit amet, wisi. Aenean
fermentum, elit eget tincidunt condimentum, eros ipsum rutrum orci, sagittis tempus
lacus enim ac dui. Donec non enim in turpis pulvinar facilisis. Ut felis. Praesent
dapibus, neque id cursus faucibus,
For the London session ahead UK Manufacturing production for January on monthly basis at 09:30 GMT will be key risk event of the day, along with UK Trade balance and Industrial production at same hour. The British Manufacturing Production indicator measures the changes in output produced by manufacturers and in the turning of inventory. Manufacturing is a critical sector of the economy, and strong readings are an indication of economic growth.
After a string of weak releases, Manufacturing Production shot up 1.6% in February, well above the market estimate of 0.7%. However, the markets are bracing for a much weaker figure for March, with an estimate of a paltry gain of just 0.1%. Will the indicator surprise the market with another strong reading? -FXstreet.com
|
|
2013-03-12 07:00 GMT
Germany. Consumer Price Index (YoY) (Feb)
2013-03-12 09:30 GMT
United Kingdom. Goods Trade Balance (Jan)
2013-03-12 15:00 GMT
United Kingdom. NIESR GDP Estimate (3M) (Feb)
2013-03-12 21:00 GMT
New Zeland. REINZ House Price Index (MoM) (Feb)
|
2013-03-12 05:52 GMT
EUR/USD firmer above 1.30
2013-03-12 05:19 GMT
USD/JPY makes new highs; BoJ may call emergency meeting
2013-03-12 04:05 GMT
GBP/USD below 1.49 ahead of key UK data
2013-03-12 03:39 GMT
AUD/USD 1.0340/75 key zone to move higher - JPM
|
|
|
|
|
|
EURUSD
|
HIGH
1.30464
|
LOW
1.30229
|
BID
1.30250
|
ASK
1.30256
|
CHANGE
-0.15%
|
TIME
08:10:39
|
|
|
|
|
OUTLOOK SUMMARY
Down
|
TREND CONDITION
Downward
penetration
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
Upwards scenario: Medium-term negative bias pressure the price lower however instrument might find buyers above the important resistance level at 1.3035 (R1). Break here might open route towards to our initial targets at 1.3052 (R2) and 1.3070 (R3)
Downwards scenario: Although market players may prefer to increase exposure on the short positions and push the price below the support level at 1.0318 (S1). Possible price devaluation would suggest next initial targets at 1.0306 (S2) and then 1.0295 (S3).
Resistance Levels: 1.3035, 1.3052, 1.3070
Support Levels: 1.0318, 1.0306, 1.0295
|
|
GBPUSD
|
HIGH
1.49188
|
LOW
1.48857
|
BID
1.48955
|
ASK
1.48967
|
CHANGE
-0.12%
|
TIME
08:10:39
|
|
|
|
|
OUTLOOK SUMMARY
Down
|
TREND CONDITION
Down
trend
|
TRADERS SENTIMENT
Bullish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
Upwards scenario: Immediate resistance at 1.4935 (R1) remains in near-term focus, climb above this level might open way for a stronger move towards to next interim target at 1.4969 (R2) and any further rise would then be limited to final resistive measure at 1.5001 (R3)
Downwards scenario: Market stabilized after the previous day’s losses and looks ready for a new step of downtrend extension. Key support level lies at 1.4866 (S1), clearance here would suggest lower targets at 1.4834 (S2) and 1.4803 (S3).
Resistance Levels: 1.4935, 1.4969, 1.5001
Support Levels: 1.4866, 1.4834, 1.4803
|
|
USDJPY
|
HIGH
96.708
|
LOW
96.268
|
BID
96.442
|
ASK
96.445
|
CHANGE
0.17%
|
TIME
08:10:40
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Up
trend
|
TRADERS SENTIMENT
Bullish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
Upwards scenario: After the strong appreciation provided last week we expect some consolidation development ahead, though medium-term bias remains bullish. Marks at 96.68 (R1), 97.07 (R2) and last one at 97.49 (R3) acts as resistive measures on the upside.
Downwards scenario: A short-term technical structure might turn into negative side in case of price regress below the support level at 96.01 (S1). Possible correction below this level would then be targeting initial support at 95.60 (S2) en route towards to final target at 95.20 (S3).
Resistance Levels: 96.68, 97.07, 97.49
Support Levels: 96.01, 95.60, 95.20
|
|
|
MARKETING COMMUNICATION DISCLAIMER: The content of this material is a marketing communication, and not independent investment research. As such, the legal and regulatory requirements in relation to independent investment research do not apply to this material and it is not subject to any prohibition on dealing ahead of its dissemination.
The material is for general information purposes only (whether or not it states any opinions). It does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) legal, financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by FX Central Clearing Ltd. (“FXCC”) or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Although the information set out in this marketing communication is obtained from sources believed to be reliable, FXCC makes no guarantee as to its accuracy or completeness. All information is indicative and subject to change without notice and may be out of date at any given time. Neither FXCC, nor the author of this material shall be responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
This material may include charts displaying financial instruments' past performance as well as estimates and forecasts. Any information relating to past performance of an investment does not necessarily guarantee future performance.
Unless otherwise stated, the prices used in the examples are FXCC’s own prices, and not those of third parties.
RISK WARNING: Trading in Forex and Contracts for Difference (CFDs) is highly speculative
and involves substantial risk of loss. It is possible to lose all your capital.
Forex and CFDs may not be suitable for all investors. Only invest with money you
can afford to lose. Please ensure you fully understand the risks involved before
investing. Seek independent advice if necessary.
|
|
