|
|
|
|
2012-11-28 11:24 GMT
EU gives the go-ahead to Spanish bank restructuring plan
The European Commission announced on Wednesday its approval of the plans to restructure Spain's four nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. Vice President of the European Commission responsible for Competition Policy Joaquín Almunia said in the European morning that the injection of 37 billion euros of the bank rescue would require a 60% reduction in the size of the nationalized financial institutions by 2017.
Joaquín Almunia informed that during the negotiations with Spanish authorities and the banks in question it was established that the recapitalization funds would be distributed as follows: 18 billion euros for Bankia, 9 billion for Catalunya Caixa, 5.5 billion for Nova Caixa Galicia and 4.5 billion for Banco de Valencia.
The four nationalized financial institutions should abandon conceding loans for high risk activities and should transfer 45 billion euros of toxic assets to the newly created bad bank. Catalunya Caixa and Nova Caixa Galicia are expected to be sold before 2017.-FXstreet.com
|
|
2012-11-29 08:55 GMT
Germany. Unemployment Change (Nov)
2012-11-29 10:30 GMT
United Kingdom. BoE's Governor King Speech
2012-11-29 13:30 GMT
United States. Gross Domestic Product Annualized (Q3)
2012-11-29 15:00 GMT
United States. Pending Home Sales (MoM) (Oct)
|
2012-11-29 06:12 GMT
EUR/GBP flat below 0.8100, 50% Fibo
2012-11-29 05:36 GMT
GBP/USD trying to push higher, eyeing 1.6020
2012-11-29 05:25 GMT
NZD/USD higher on US 'fiscal cliff' optimism
2012-11-29 04:09 GMT
EUD/USD bullish while above 1.2885 - Scotiabank
|
|
|
|
|
|
EURUSD
|
HIGH
1.29611
|
LOW
1.29388
|
BID
1.29460
|
ASK
1.29465
|
CHANGE
-0.05%
|
TIME
08:50:54
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Upward
penetration
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
MARKET ANALYSIS - Intraday Analysis
Upwards scenario: Next on tap, resistance level at 1.2962 (R1). A break higher could open the door for an attack to next target at 1.2980 (R2) and final immediate resistance is seen at 1.2996 (R3).
Downwards scenario: Further retracement formation on the medium-term might occur below the support level at 1.2939 (S1), break here is required to put focus on actual targets at 1.2921 (S2) and 1.2903 (S3).
Resistance Levels: 1.2962, 1.2980, 1.2996
Support Levels: 1.2939, 1.2921, 1.2903
|
|
GBPUSD
|
HIGH
1.60202
|
LOW
1.60081
|
BID
1.60147
|
ASK
1.60155
|
CHANGE
0.01%
|
TIME
08:50:55
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Upward
penetration
|
TRADERS SENTIMENT
Bullish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
Upwards scenario: Upside risk aversion is seen above the resistance at 1.6021 (R1). Any violation of that level would be considered as signal of possible uptrend formation towards to our targets at 1.6031 (R2) and 1.6042 (R3).Downwards scenario: Though, our medium-term outlook is bearish. A break through support level at 1.6005 (S1) is possible en route towards to our intraday targets at 1.5994 (S2) and 1.5983 (S3).
Resistance Levels: 1.6021, 1.6031, 1.6042
Support Levels: 1.6005, 1.5994, 1.5983
|
|
USDJPY
|
HIGH
82.214
|
LOW
82.006
|
BID
82.146
|
ASK
82.151
|
CHANGE
0.09%
|
TIME
08:50:56
|
|
|
|
|
OUTLOOK SUMMARY
Up
|
TREND CONDITION
Upward
penetration
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
|
Upwards scenario: The pair might face key resistive bastion at 82.22 (R1). A break above it might activate upside pressure and suggest the short-term targets at 82.30 (R2) and 82.39 (R3).
Downwards scenario: On a slightly longer term focus has returned to the support at 82.00 (S1). If the market manages to overcome it, next hurdle lies at 81.91 (S2) and 81.82 (S3).
Resistance Levels: 82.22, 82.30, 82.39
Support Levels: 82.00, 81.91, 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.
|
|
