|
|
2013-04-30 09:00 GMT
The Fed will most likely keep its policy unchanged
On Monday, global core bonds easily recouped an early session dip triggered by the formation of an Italian government, which received the confidence of parliament yesterday. Furthermore, equities kept a positive tone and closed with moderate gains. However, core bonds ignored equities and traded sideways in a tight range, once initial losses were recouped. By the end of trading, German yields were less than 1 bp from Friday’s close. US yields were virtually unchanged too, with the exception of the 30-yr (+ 1.7 bps).
In other news, inflation figures of Germany, Belgium and Spain showed a sharp slowing, while the EU confidence data were a bit weaker than expected. They were bond supportive, but we didn’t see a reaction upon publication. US eco data (see news section) were largely ignored. Bond auctions in Italy and Belgium went well (see below). - FXstreet.com
|
|
2013-04-30 12:30 GMT
CAD.Gross Domestic Product (MoM) (Feb)
2013-04-30 13:45 GMT
USA.Chicago Purchasing Managers' Index (Apr)
2013-04-30 14:00 GMT
USA.Consumer Confidence (Apr)
2013-04-30 22:30 GMT
AUS.AiG Performance of Mfg Index (Apr)
|
2013-04-30 07:09 GMT
EUR/USD dips to 1.3075/80 on Spanish GDP
2013-04-30 07:01 GMT
USD/CHF erases losses after German retail sales
2013-04-30 06:45 GMT
USD/JPY at lows of 97.70 after jump to 98.13 high
2013-04-30 06:31 GMT
GBP/USD below 1.5500 ahead of UK data
|
|
|
|
EURUSD
|
HIGH
1.31205
|
LOW
1.30668
|
BID
1.30732
|
ASK
1.30737
|
CHANGE
-0.19%
|
TIME
10:57:22
|
|
|
OUTLOOK SUMMARY
Down
|
TREND CONDITION
Upward penetration
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
MARKET ANALYSIS - Intraday Analysis
Upwards scenario: On the upside potential is seen for a break above the resistance at 1.3103 (R1). In such case we would suggest next target at 1.3121(R2) and any further rise would then be limited to final resistance at 1.3135 (R3). Downwards scenario: Penetration below the support at 1.3076 (S1) is liable to put more downward pressure on the instrument in the near-term perspective. As a result our supportive means at 1.3062 (S2) and 1.3045 (S3) might be triggered.
Resistance Levels: 1.3103, 1.3121, 1.3135
Support Levels: 1.3076, 1.3062, 1.3045
|
GBPUSD
|
HIGH
1.55066
|
LOW
1.54681
|
BID
1.54906
|
ASK
1.54909
|
CHANGE
-0.06%
|
TIME
10:57:23
|
|
|
OUTLOOK SUMMARY
|
TREND CONDITION
Up trend
|
TRADERS SENTIMENT
Bearish
|
IMPLIED VOLATILITY
Medium
|
|
|
Upwards scenario: Our technical outlook for the medium-term perspective remains bullish oriented. Clearance of next resistance level at 1.5534 (R1) would enable bullish pressure and open route towards to our next targets at 1.5560 (R2) and 1.5583 (R3). Downwards scenario: On the other hand, successful retest of our next support level at 1.5469 (S1) might provide sufficient momentum for the price acceleration towards to interim target at 1.5433 (S2). Final aim for today locates at 1.5401 (S3).
Resistance Levels: 1.5534, 1.5560, 1.5583
Support Levels: 1.5469, 1.5433, 1.5401
|
USDJPY
|
HIGH
98.125
|
LOW
97.673
|
BID
97.814
|
ASK
97.816
|
CHANGE
0.06%
|
TIME
10:57:23
|
|
|
OUTLOOK SUMMARY
Down
|
TREND CONDITION
Down trend
|
TRADERS SENTIMENT
Bullish
|
IMPLIED VOLATILITY
Medium
|
|
|
Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 92.02 (R1). Price extension above it is required to validate our next intraday targets at 98.16 (R2) and 98.30 (R3). Downwards scenario: Any downside extension is limited now to the next support level at 97.59 (S1). Break here is required to open a route towards to next target at 97.42 (S2) and then any further easing would be targeting final support at 97.27 (S3).
Resistance Levels: 98.02, 98.16, 98.30
Support Levels: 97.59, 97.42, 97.27
|
|
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.
|
|