June 18, 2012 11: 16 GMT
Produce results electoral Greek stable reaction risk Pro rescue party wins election rest technical image guiding light during the meeting of the g-20 to inspire likely fresh volatility, official reports EU plan to counter the Spanish crisis gives pushed through the key barrier even if the eurozone is out the wood, the reaction of the initial election of Greek market was net positive to neutral as the worst scenarios of imminent Greek exit from the Euro prices are. There is still much speculation and expectation that a Grexit is unavoidable, the new who won part of the rescue pro plan, is certainly a little reassuring to global risk appetite.
Technically, the last major effort in the Euro falls directly under our projections, which were appointed to the additional force to the area from 1.2800 to 1.3000 before the summit before the deadline midterm will be required prior to resumption of the downward trend in the underlying. At that time, the election results help catalyze this technique to the dynamic and the emphasis will be CIMI today and tomorrow at the G-20, and reactions to the election of Greece and the impact bond spreads on Italian and Spanish. The euro has shot most of heights on Monday, but also attributed the price action for filling the open pit mine ....
Relative performance against the USD Monday (to the 11:10GMT)
NZD + 0.41 %
AUD + 0.33 %
EUR-0,09 %
CHF 0.12 %
CAD - 0.30 %
GBP - 0.43 %
JPY - 0.44 %
See also helps support a bit of risk were the UK Telegraph and New York times articles which report of an official EU plan on the horizon that will help it to address the many problems of the region. One of the main critical of eurozone crisis was a lack of leadership and staff is indeed capable of producing an official plan, it will be well received.
At this stage, it seems that the decline of the Euro that we saw in the previous weeks below 1.2300 perhaps on a waitlist for a scenario of the worst Greece in the peripheral countries of the euro area. Thus, the rally that followed continues to be the price of this risk of disadvantage. What this means, is that we do are in no way advocating a sustainable risk on the business environment, and that once the price is the worst in the Greek elections released, we could very well see some risks renewed commerce. Today, we believe that it is always better to remain marginalized, at least at the start of the day. We have already given some wild intraday swings, and Spanish yields breaking above 7%, it is really preferable to remain on the sidelines.
ECONOMIC CALENDAR
TECHNICAL OUTLOOK
EUR/USD: The market is in train to correct certain levels violently oversold after the breakdown of yearly lows little less 1.2300. While our global perspective is clearly bearish, here we find yet place upside in the short term before a low high fee is requested. Locate the last positive weekly open the door for an acceleration in the region of 1.2800 - 1.3000, where new offers are likely to re-emerge. Reverse must be well supported to 1.2400.
USD/JPY: The recent setbacks have been rather intense, with the market to collapse by the SMA 200 days before finally finding support by 77.65. We have since seen attempts at recovery and we argue that the market should continue to break higher, with views finally fixed on a retest and rupture of 2012 senior by calendering until more. However, at this stage, we will have to see a break and closing back above 80.00 to alleviate the pressures weighing officially and to reaffirm the optimistic Outlook.
GBP/USD: Daily studies are now correct oversold and risk CIHI seem inclined backwards to allow necessary short-term a corrective rebound after the setback down just shy of 2012 January low. Look for additional benefits to 1.5800 - 1.6000 from which an up, down, more significant is sought before bearish resumption.
USD/CHF: while we retain a more optimistic perspective for this pair, with the market seen to establish above parity in the coming weeks, short term risks are since more than a corrective retreat to allow the market to establish a fresh plu bass. Thus, we see the risks of weakness in the next sessions to 0.9200 - 0.9300 area before market seeks to reaffirm its bullish momentum and broader uptrend.
Produce results electoral Greek stable reaction risk Pro rescue party wins election rest technical image guiding light during the meeting of the g-20 to inspire likely fresh volatility, official reports EU plan to counter the Spanish crisis gives pushed through the key barrier even if the eurozone is out the wood, the reaction of the initial election of Greek market was net positive to neutral as the worst scenarios of imminent Greek exit from the Euro prices are. There is still much speculation and expectation that a Grexit is unavoidable, the new who won part of the rescue pro plan, is certainly a little reassuring to global risk appetite.
Technically, the last major effort in the Euro falls directly under our projections, which were appointed to the additional force to the area from 1.2800 to 1.3000 before the summit before the deadline midterm will be required prior to resumption of the downward trend in the underlying. At that time, the election results help catalyze this technique to the dynamic and the emphasis will be CIMI today and tomorrow at the G-20, and reactions to the election of Greece and the impact bond spreads on Italian and Spanish. The euro has shot most of heights on Monday, but also attributed the price action for filling the open pit mine ....
Relative performance against the USD Monday (to the 11:10GMT)
NZD + 0.41 %
AUD + 0.33 %
EUR-0,09 %
CHF 0.12 %
CAD - 0.30 %
GBP - 0.43 %
JPY - 0.44 %
See also helps support a bit of risk were the UK Telegraph and New York times articles which report of an official EU plan on the horizon that will help it to address the many problems of the region. One of the main critical of eurozone crisis was a lack of leadership and staff is indeed capable of producing an official plan, it will be well received.
At this stage, it seems that the decline of the Euro that we saw in the previous weeks below 1.2300 perhaps on a waitlist for a scenario of the worst Greece in the peripheral countries of the euro area. Thus, the rally that followed continues to be the price of this risk of disadvantage. What this means, is that we do are in no way advocating a sustainable risk on the business environment, and that once the price is the worst in the Greek elections released, we could very well see some risks renewed commerce. Today, we believe that it is always better to remain marginalized, at least at the start of the day. We have already given some wild intraday swings, and Spanish yields breaking above 7%, it is really preferable to remain on the sidelines.
ECONOMIC CALENDAR
TECHNICAL OUTLOOKEUR/USD: The market is in train to correct certain levels violently oversold after the breakdown of yearly lows little less 1.2300. While our global perspective is clearly bearish, here we find yet place upside in the short term before a low high fee is requested. Locate the last positive weekly open the door for an acceleration in the region of 1.2800 - 1.3000, where new offers are likely to re-emerge. Reverse must be well supported to 1.2400.USD/JPY: The recent setbacks have been rather intense, with the market to collapse by the SMA 200 days before finally finding support by 77.65. We have since seen attempts at recovery and we argue that the market should continue to break higher, with views finally fixed on a retest and rupture of 2012 senior by calendering until more. However, at this stage, we will have to see a break and closing back above 80.00 to alleviate the pressures weighing officially and to reaffirm the optimistic Outlook.GBP/USD: Daily studies are now correct oversold and risk CIHI seem inclined backwards to allow necessary short-term a corrective rebound after the setback down just shy of 2012 January low. Look for additional benefits to 1.5800 - 1.6000 from which an up, down, more significant is sought before bearish resumption.USD/CHF: while we retain a more optimistic perspective for this pair, with the market seen to establish above parity in the coming weeks, short term risks are since more than a corrective retreat to allow the market to establish a fresh plu bass. Thus, we see the risks of weakness in the next sessions to 0.9200 - 0.9300 area before market seeks to reaffirm its bullish momentum and broader uptrend.
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