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2012-09-26 03:27 GMT
S&P downgrades South Australia
Standard & Poor’s Ratings Services said today that it has lowered its long-term issuer credit rating on the Australian State of South Australia and the state’s financing arm, South Australian Government Financing Authority, to ‘AA’ from ‘AA+’. At the same time, we affirmed the ‘A-1+’ short-term rating on both entities. The outlook is stable.
"The London session will be a relatively quiet one in EUR macro related terms, starting with French consumer confidence at 06:45 GMT, followed by Italy retail sales at 08:00 GMT, and German preliminary CPI at 12:00 GMT. In the sovereign debt auctions front Germany will try to sell up to € 5B in 10 year bunds at 06:00 GMT, while Italy will auction up to € 9B in 6-month bills. Germany 10 year yields closed yesterday in a relative safe 1.55% well above all time record lows from July at 1.12%, while Italy 10y yields hover around 5%. EU Vice President Rehn will attend final day at Havard University today." Traders should also be alerted to possible headlines on the Spanish-bailout, protests front, Greece funding issues and any other EZ debt crisis-related news.
Read More
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2012-09-26 08:30 GMT
United Kingdom. BOE Credit Conditions Survey
2012-09-26 10:00 GMT
United Kingdom. CBI Distributive Trades Survey - Realized
2012-09-26 14:00 GMT
United States. New Home Sales
2012-09-26 14:30 GMT
United States. EIA Crude Oil Stocks change
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2012-09-26 04:43 GMT
GBP/USD stops triggered below 1.6150
2012-09-26 04:19 GMT
EUR/USD breaks down to 9-day lows
2012-09-26 03:06 GMT
AUD/CAD, a good sell into strength - Westpac
2012-09-26 02:57 GMT
AUD/JPY decline extends; 38.2% Fibo support in sight
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SUMMARY
Down
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TREND
Downward
penetration
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MA10
Bearish
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MA20
Bearish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
Technical Summary: Technically, market sentiment is bearish now and we expect further instrument depreciation on the medium term perspective. However fresh low, form today is acting as a bottom peak of downwards channel on the hourly chart and pull back is possible towards to our resistance levels on the short term Main scenario: Further price decrease is expected below the next support level at 1.2860 (S1). Break here is required to enable next targets at 1.2827 (S2) and 1.2793 (S3).
Alternative scenario: On the other hand, consolidation looks reasonable today. The price progress above the next resistance at 1.2899 (R1) might expose next targets at 1.2935 (R2) and 1.2970 (R3) in potential.
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SUMMARY
Down
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TREND
Downward
penetration
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MA10
Bearish
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MA20
Bearish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
Technical Summary: Pair already lost -0.15% percent from its opening price today and we expect some volatility increase later on today. Medium term bias is negative for the instrument and we might see new lows ahead.
Main scenario: Next support level locates at fresh low, formed today -1.6149 (S1), pushdown of the price is possible below this level. We suggest next targets at 1.6125 (S2) and 1.6099 (S3).
Alternative scenario: Failure to go lower suggested support level will put in focus our resistance level at 1.6190 (R1), break here would suggest next targets at 1.6214 (R2) and 1.6237 (R3).
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SUMMARY
Down
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TREND
Sideway
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MA10
Bearish
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MA20
Bullish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
Technical Summary: Yesterday instrument trades without a priority in direction. Stochastic Oscillator is approaching bottom zone and we expect to see some consolidation ahead in such market setup with price progress towards to our resistance levels.
Main scenario: A break of technically important level at 77.91 (R1) might determine positive bias for today. Next suggested targets for upside direction locates at 78.06 (R2) and 78.20 (R3).
Alternative scenario: If the pair gain momentum on the down side and retest our support level at 77.65 (S1), we suggest next targets at 77.48 (S2) and 77.31 (S3).
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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.
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