|
|
|
|
2012-11-14 15:22 GMT
EU's Rehn: Spain has taken effective action on budget deficits in 2012 and 2013
EU Economic and Monetary Affairs Commissioner Olli Rehn made a statement on Spain on Wednesday, regarding the country's deficit moves. According to the European Commission's assessment the Spanish government has taken effective action for 2012, 2013 as far as restoring sustainability of public finances is concerned. Nevertheless, it would fail to meet the deficit target for 2014.
Mr Rehn declared that Spain currently does not need additional measures and that the progress of its budget consolidation will be evaluated once again by the EU in February, by which time it might be necessary to introduce further measures. He added that he does not see the need for Rajoy's government making a bailout request in the nearest future.
The EU Economic and Monetary Affairs Commissioner also acknowledged that Spain is currently undergoing difficult rebalancing of the economy and that its government and people are making great efforts to assure sustainability of the country’s finances.
|
|
2012-11-15 09:00 GMT
Italy. Gross Domestic Product(Preliminar)
2012-11-15 09:30 GMT
United Kingdom. Retail Sales
2012-11-15 10:00 GMT
E.M.U. Gross Domestic Product (Preliminar)
2012-11-15 13:30 GMT
United States. Consumer Price Index Ex Food & Energy
|
2012-11-15 04:15 GMT
AUD/USD stalls the dive helped by 1.0350 bids
2012-11-15 04:03 GMT
Short AUD/CAD; target the 1.01 area - Westpac
2012-11-15 03:36 GMT
GBP/AUD offered below 50% Fibo
2012-11-15 00:51 GMT
EUR/USD: Hourly pin forms off 200 EMA; bears encouraged
|
|
|
|
|
|
EURUSD
|
HIGH
1.2753
|
LOW
1.27174
|
BID
1.27473
|
ASK
1.27476
|
CHANGE
0.09%
|
TIME
08:03:46
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Upward
penetration
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
High
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
Upwards scenario: Current market installation might suggest us about the uptrend formation on the hourly timeframe. Break of 1.2758 (R1) is required for attack to the next target at 1.2772 (R2). Final resistance could be found at 1.2787 (R3) today.
Downwards scenario: Risk of further market depreciation is seen below the next support level at 1.2730 (S1). Loss here would suggest intraday targets at 1.2715 (S2) and 1.2700 (S3).
Resistance Levels: 1.2758, 1.2772, 1.2787
Support Levels: 1.2730, 1.2715, 1.2700
|
|
GBPUSD
|
HIGH
1.58552
|
LOW
1.58361
|
BID
1.58519
|
ASK
1.58523
|
CHANGE
0.07%
|
TIME
08:03:47
|
|
|
|
|
OUTLOOK SUMMARY
Down
|
TREND CONDITION
Downward
penetration
|
TRADERS SENTIMENT
Bullish
|
IMPLIED VOLATILITY
High
|
|
|
|
Upwards scenario: Our next resistance level locates at 1.5859 (R1). If market gains momentum and manage to overcome it, we expect further deviation from the initial downtrend towards to next targets at 1.5877 (R2) and 1.5894 (R3).
Downwards scenario: Risk of market weakening is seen below the fresh low at 1.5834 (S1). Loss here would enable bearish forces and might expose our targets at 1.5815 (S2) and 1.5796 (S3).
Resistance Levels: 1.5859, 1.5877, 1.5894
Support Levels: 1.5834, 1.5815, 1.5796
|
|
USDJPY
|
HIGH
80.943
|
LOW
80.125
|
BID
80.931
|
ASK
80.933
|
CHANGE
0.85%
|
TIME
08:03:48
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Up
trend
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
High
|
|
|
|
Upwards scenario: USDJPY appreciated by 0.85% today and determined clear bullish market sentiment. Our key resistance level locates at fresh high – 80.96 (R1), clearance here would suggest higher targets at 81.10 (R2) and 81.25 (R3) intraday.
Downwards scenario: Risk of correction is seen below the next support level at 80.61 (S1), break here is required to enable lower targets at 80.47 (S2) and 80.32 (S3).
Resistance Levels: 80.96, 81.10, 81.25
Support Levels: 80.61, 80.47, 80.32
|
|
|
MARKET INFORMATION AND OPINIONS: Any information provided by FXCC
on this newsletter, including but not limited to news, research, opinions, analyses
and prices, is provided as commentary on the Forex market generally -- in other
words, it is not, and should not be considered as, investment advice. Consequently,
FXCC shall not be liable for any loss or damage, including but not limited to loss
of profits, which arises directly or indirectly from reliance upon or use of information
contained on this newsletter.
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.
|
|
