2012-10-21 21:43 GMT
Rajoy gets landslide victory in Galicia
El PaÍs reported a landslide victory by Rajoy in Galicia. In Europe, things seem to be progressing. Reuters is reporting that the Troika deal is 90% complete, according to the Greek Finance Minister, and that the Greek Prime Minister expects his nation to receive the next tranche of loans by the end of November; the November timeline is key, given that Greece will reportedly run out of adequate reserves by the 16th of that month.
Elsewhere in the region, eyes are on Spain as the Spanish province of Galicia becomes a focus for global investors, with a key election underway today; Mariano Rajoy's ruling People's Party is in the lead according to early exit polls. Economists continue to expect that Spain will do what is needed to secure ECB help in November, and a bailout would certainly help to soothe persistent fears about the breakup of the European Union.
Read More
|
|
2012-10-22 06:00 GMT
United Kingdom. Nationwide Housing Prices
2012-10-22 07:00 GMT
Switzerland. Monthly Statistical Bulletin
N/A
Australia. RBA Assist Gov Debelle Speech
|
2012-10-22 04:15 GMT
EUR/AUD consolidation a continuation pattern?
2012-10-22 01:51 GMT
EUR/JPY, post '4-yr trendline' era; 104.00 still tough
2012-10-22 00:19 GMT
AUD/USD tests bids through 1.3000
|
|
|
|
|
|
|
|
|
|
SUMMARY
Up
|
TREND
Upward
penetration
|
MA10
Bullish
|
MA20
Bearish
|
STOCHASTIC
Overbought
|
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
Technical Summary: Technically, EURUSD is under the uptrend formation on the medium term perspective and appreciation above the expected resistance levels might open road towards to new targets.
Main scenario: Our next resistance level could be found at 1.3066 (R1). Appreciation above it might enable next targets at 1.3089 (R2) and 1.3111(R3) in potential.
Alternative scenario: We expect to see retest of our support at 1.3031 (S1) today. Easing below it would suggest next targets at 1.3007 (S2) and 1.2983 (S3) in potential.
-
|
|
|
|
|
|
SUMMARY
Down
|
TREND
Down
trend
|
MA10
Bullish
|
MA20
Bearish
|
STOCHASTIC
Overbought
|
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
Technical Summary: GBPUSD aimed to recover previous day’s losses by trading most of the time on the positive side today. We expect further appreciation towards to our resistance levels today however medium term bias remains negative.
Main scenario: If the pair manages to overcome our next resistance level at 1.6046(R1), we expect further progress towards to new targets at 1.6068 (R2) and 1.6089 (R3) in potential.
Alternative scenario: Next support level locates at 1.6011 (S1). Decline below it might resume weakness towards to 1.5989 (S2). Selling pressure might face final support at 1.5965 (S3) intraday.
-
|
|
|
|
|
|
SUMMARY
Up
|
TREND
Up
trend
|
MA10
Bullish
|
MA20
Bullish
|
STOCHASTIC
Overbought
|
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
Technical Summary: USDJPY gained momentum on the positive side today and our main scenario is bullish on the short term perspective, though further market decline is possible later on today.
Main scenario: Climb above the resistance level at 79.66 (R1) might open way for the price appreciation towards to the target at 79.82 (R2). Last target for today locates at 79.93 (R3).
Alternative scenario: If the price manage to stabilize on current levels and clearly brake our next support level at 79.46 (S1) we expect correction development with next targets at 79.30 (S2) and 79.13 (S3).
-
|
