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2012-09-26 21:59 GMT
Moody's downgrade to Spain as early as today? - NAB
After poor risk sentiment on Wednesday, immediate risk now, according to NAB analysts, "is that Moody’s may act to slash Spain’s credit rating to junk, having warned in mid-June (when it cut Spain by three notched to Baa3) that further action was likely within three months." The timing of ratings agency actions, NAB explains, "has been exquisite so don’t bet against this happening as early as today."
Busy session ahead in London with all eyes focused on Spain, though there will also be plenty of risk events coming on the way. German import prices will be released at 06:00 GMT, followed 1 hour later by Spanish retail sales, German unemployment change at 07:55 GMT, EU M3 and private loans 5 minutes later along with Italy business sentiment, and EU business climate index and sentiment data at 09:00 GMT.
Read More
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2012-09-27 07:55 GMT
Germany. Unemployment Change
2012-09-27 08:30 GMT
United Kingdom. Gross Domestic Product
2012-09-27 12:30 GMT
United States. Core Durable Goods Orders
2012-09-27 14:00 GMT
United States. Pending Home Sales
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2012-09-27 04:42 GMT
GBP/USD gently bid, UK GDP ahead
2012-09-27 04:35 GMT
EUR/USD capped below 1.2890
2012-09-27 03:43 GMT
JPY tone remains positive; 78.6% Fibo supports USD/JPY
2012-09-27 03:17 GMT
USD/CAD could hit an air pocket above 0.9850 – Saxobank
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SUMMARY
Down
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TREND
Downward
penetration
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MA10
Bullish
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MA20
Bullish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
Technical Summary: Market refreshed its local lows yesterday and closed in negative territory. At the moment pair is gaining 0.16% and we expect further appreciation ahead. All our supports and resistance levels remain the same today.
Main scenario: Next resistance level is seen at 1.2899 (R1). Penetration above it might resume market strengthening towards to the next target at 1.2935 (R2). Remaining resistance level for today locates at 1.2970 (R3).
Alternative scenario: On the flip side, support levels lie at 1.2860 (S1). Break here is required to enable next targets at 1.2827 (S2) and 1.2793 (S3).
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SUMMARY
Down
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TREND
Downward
penetration
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MA10
Bullish
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MA20
Bullish
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STOCHASTIC
Neutral
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MARKET ANALYSIS - Intraday Analysis
Technical Summary: The upwards momentum for the GBPUSD is likely to get acceleration towards to our next resistance level at 1.6203 (R1), exactly where the 38.2% Fibonacci level lies. Main scenario: Successful break through 1.6203 (R1) would open way for further upside formation towards to next targets at 1.6222 (R2) and 1.6241 (R3).
Alternative scenario: Next support level stay at 1.6169 (S1), brake below it might provide a downside priority in direction for the remaining of the day. Next suggested targets at 1.6149 (S2) and 1.6130 (S3).
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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: Stochastic Oscillator is recently visit oversold zone and now is pointing up. We expect further penetration above the opening price and stabilization on the positive side later on today. Medium term bias remains neutral. Main scenario: Next resistance level lie at 77.76 (R1), rise above it would suggest next targets at 77.89 (R2) and 78.03 (R3). Alternative scenario: Risk of market decline is seen below the next support level at 77.59 (S1). Break here is required to enable initial downside targets at 77.45 (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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