|
|
|
|
2012-11-23 05:46 GMT
Greece edges towards a debt deal; IMF lowers demands
Greece may soon breathe a sigh of relief, as a deal with the Troika looks closer, according to Greek-based paper ekathimeini, citing Finance Minister Yannis Stournaras who suggests only 10 billion euros stand in the way of a deal.From ekathimeini: "Sources said that another 8 to 10 billion euros was needed to meet the target." the Greek paper also reports that "the IMF has accepted that Greek debt will not meet its target of 120 percent of GDP in 2020 and is willing for this to change to 124 percent in the same year."
German Chancellor Angela Merckel said after the meeting she doubts an agreement will be reached on EU budget this week, and will likely need another few sessions of negotiations. She added positions are too far apart for now.
Meanwhile, according to an official statement by the European Council, Yves Mersch has been appointed to the executive board of the European Central Bank for a term of eight years as from 15 December. He will succeed José Manuel González-Páramo, who completed his term of office on 31 May.
|
|
N/A
European Monetary Union. European Council meeting
2012-11-23 07:00 GMT
Germany. Gross Domestic Product
2012-11-23 09:30 GMT
United Kingdom. BBA Mortgage Approvals
2012-11-23 13:30 GMT
Canada. Consumer Price Index
|
2012-11-23 05:50 GMT
GBP/USD makes 10-year volatility lows while around 1.5950
2012-11-23 04:47 GMT
USD/JPY in the red below 82.50 for first time in a week
2012-11-23 03:40 GMT
USD/CAD 0.99 a decent support area - TDS
2012-11-23 02:57 GMT
EUR/USD finds bids above 1.2870
|
|
|
|
|
|
EURUSD
|
HIGH
1.28939
|
LOW
1.28685
|
BID
1.28939
|
ASK
1.28940
|
CHANGE
0.06%
|
TIME
08:13:26
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Up
trend
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
Upwards scenario: We placed our next resistance level above the yesterday high at 1.2899 (R1). If the market manages to overcome it, next resistance in focus would be 1.2917 (R2) and any further rise would then be targeting 1.2935 (R3).Downwards scenario: The pair continues to extend its strengthening on the medium- term perspective, however a breach of our next support level at 1.2868 (S1) might trigger downside formation towards to our next targets at 1.2851 (S2) and 1.2839 (S3).
Resistance Levels: 1.2899, 1.2917, 1.2935
Support Levels: 1.2868, 1.2851, 1.2839
|
|
GBPUSD
|
HIGH
1.59526
|
LOW
1.59336
|
BID
1.59526
|
ASK
1.59530
|
CHANGE
0.1%
|
TIME
08:13:27
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Upward
penetration
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
Upwards scenario: BBA Mortgage Approvals release at 09:30 GMT in focus. Break above the next resistance level at 1.5959 (R1) would suggest next targets at 1.5969 (R2) and 1.5978 (R3) in potential.
Downwards scenario: From the technical side, market sentiment is not clear. Next attractive level for the downside development locates at 1.5939 (S1). Loss here might take the pair towards to eventual targets at 1.5928 (S2) and 1.5918 (S3).
Resistance Levels: 1.5959, 1.5969, 1.5978
Support Levels: 1.5939, 1.5928, 1.5918
|
|
USDJPY
|
HIGH
82.506
|
LOW
82.181
|
BID
82.268
|
ASK
82.272
|
CHANGE
-0.24%
|
TIME
08:13:28
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Downward
penetration
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
Upwards scenario: Medium term bias remains positive after correction, provided today. Our next resistance is placed at 82.44 (R1). Rise above it might push price towards to next targets at 82.61 (R2) and 82.77 (R3) intraday.Downwards scenario: Instrument trades below the moving averages and we expect the pair to extend its losses later on today. Below the support level at 82.15 (S1) locates initial retracement targets at 81.98 (S2) and 81.82 (S3).
Resistance Levels: 82.44, 82.61, 82.77
Support Levels: 82.15, 81.98, 81.82
|
|
|
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.
|
|
