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2013-03-14 06:10 GMT
Eurogroup talks on Cyprus at Friday meeting might be unofficial
Eurozone Finance Ministers are expected to continue their negotiations on the rescue loan for Cyprus during the meeting scheduled for Friday, although some sources claim that these negotiations will be led on the sidelines of the main talks. Cyprus and the Troika are trying to bring down the amount of the aid to 10 billion euros from the previously estimated 17 billion euros. According to Peter Jackson from FxBriefs.com “Cyprus may be forced to raise money from levies on deposits, other taxes such as corporate tax (which could be raised to 12.5% from 10%), as well as the possibility of a much opposed financial transaction tax.”
Representatives of the international lenders will meet with president Nicos Anastasiades for preparatory talks before the Friday summit on Thursday evening in Nicosia. It was given to understand that there was a possibility of striking the bailout deal already on Friday. Nevertheless, a German government official said in the European afternoon that the talks on the rescue program for Cyprus would be informal, thus no final decision could be made this week. He also added that Germany is waiting for the Troika’s evaluation of Cyprus before making any decisions. The EU Finance Ministers’ meeting is due to start on Friday at 16:00 GMT, Eurogroup chairman Jeroen Dijsselbloem informed on his Twitter account.-FXstreet.com
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2013-03-14 08:30 GMT
Switzerland. SNB Interest Rate Decision
2013-03-14 10:00 GMT
E.M.U. Employment Change (YoY) (Q4)
2013-03-14 12:30 GMT
United States. Producer Price Index (YoY) (Feb)
2013-03-14 21:30 GMT
United States. Bank Stress Test Info
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2013-03-14 06:08 GMT
EUR/USD, calls for lower lows persist
2013-03-14 05:23 GMT
Aussie skyrockets after 'beyond belief' Aus jobs
2013-03-14 03:50 GMT
USD/JPY call spreads attractive - Standard Chartered
2013-03-14 01:37 GMT
EUR/JPY puts pressure on 123.80/124.15 proven demand
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EURUSD
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HIGH
1.29814
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LOW
1.29431
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BID
1.29552
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ASK
1.29561
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CHANGE
-0.04%
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TIME
08:49:08
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OUTLOOK SUMMARY
Up
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TREND CONDITION
Sideway
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TRADERS SENTIMENT
Bullish
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IMPLIED VOLATILITY
High
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MARKET ANALYSIS - Intraday Analysis
Upwards scenario: Price tested negative territory today however clearance of next resistive structure at 1.2982 (R1) might open the way towards to our initial target at 1.2997 (R2) and any further market rise would then be targeting 1.3013 (R3).
Downwards scenario: On the other hand, an element of supportive measures is found at 1.2942 (S1). Clearance of this level would suggest further downtrend development with possible targets at 1.2927 (S2) and 1.2911 (S3).
Resistance Levels: 1.2982, 1.2997, 1.3013
Support Levels: 1.2942, 1.2927, 1.2911
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GBPUSD
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HIGH
1.49564
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LOW
1.49124
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BID
1.49401
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ASK
1.49411
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CHANGE
0.12%
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TIME
08:49:08
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OUTLOOK SUMMARY
Up
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TREND CONDITION
Upward
penetration
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TRADERS SENTIMENT
Bullish
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IMPLIED VOLATILITY
High
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Upwards scenario: Market remains sideways oriented. Next hurdle on the upside might be found at 1.4957 (R1), break here would open road towards to our next target at 1.4979 (R2) and enable final intraday resistive structure at 1.5001 (R3).
Downwards scenario: Any downside fluctuations remains for now limited to the next support level at 1.4916 (S1), only clear break here would be a signal of possible market easing towards to next targets at 1.4890 (S2) and potentially to 1.4865 (S3).
Resistance Levels: 1.4957, 1.4979, 1.5001
Support Levels: 1.4916, 1.4890, 1.4865
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USDJPY
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HIGH
96.146
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LOW
95.684
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BID
95.953
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ASK
95.959
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CHANGE
-0.17%
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TIME
08:49:09
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OUTLOOK SUMMARY
Down
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TREND CONDITION
Downward
penetration
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TRADERS SENTIMENT
Bullish
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IMPLIED VOLATILITY
Medium
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Upwards scenario: Upside risk aversion is seen above the next resistance level at 96.17 (R1). Appreciation above it would suggest us about the positive intraday bias formation towards to our next targets at 96.43 (R2) and 96.69 (R3).
Downwards scenario: Fresh low formed today offers an important supportive mark at 95.66 (S1). Depreciation below it might shift medium-term tendency to the bearish side and validate our next intraday targets at 95.43 (S2) and 95.18 (S3).
Resistance Levels: 96.17, 96.43, 96.69
Support Levels: 95.66, 95.43, 95.18
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