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EURO SUMMARY: The euro started this morning's session at $1.3572 after it had
marked a $1.3520 to $1.3575 US range overnight. Early market action was subdued
with the pair slipping marginally to $1.3564 and then getting a small lift back
to $1.3570 soon after. It then spent the rest of the morning easing a few pips
lower to a $1.3558 low before turning back up. Euro-dollar was trading around
$1.3570 when a sharp rise in Chinese stocks jolted regional markets and pushed
currencies like the aussie higher. Speculators then took the opportunity to
probe rumored euro-dollar stops-loss buy orders higher and these were then
triggered at $1.3580. The pair was lifted up toward $1.3600 and very briefly
brushed against that high before mild sell interest then sapped the momentum
again. Euro-dollar was last at $1.3594 with this morning's break above $1.3585
having shifted the focus to retests of the $1.3645-50 region. A close below
Monday's $1.3490 low is needed to relieve the current bullish pressure and see
immediate focus shift lower to the $1.3390 Nov 13 low.
27-Nov-2013
7:02
EURO-DOLLAR TECHS: Slips Above Channel Base But Studies Weigh Heavy
RES 4: $1.3681/82 Reversal high Apr 2007, High Oct 17
RES 3: $1.3660 Daily Bolli band top, 23.6% of $1.3105-1.3832
RES 2: $1.3627 61.8% of $1.3832-1.3296
RES 1: $1.3599 Hourly high, Daily Ichimoku top
LATEST PRICE: $1.3594
SUP 1: $1.3554 38.2% of $1.3105-1.3832
SUP 2: $1.3504 21-day moving average
SUP 3: $1.3469 50.0% of $1.3105-1.3832
SUP 4: $1.3400/13 High Aug 8, 100-DMA
COMMENTARY: Euro-dollar eases itself into the rising channel as it slips above
the base to test the daily Ichimoku cloud top at $1.3599 and above is new 61.8%
at $1.3627. Bullish pressure remains as daily studies inch higher but still look
overbought and 10-day momentum actually shows a little bear divergence. Failure
to close within the channel could see bears resume control - a new support line
seen at $1.3442 drawn from Nov 7 low but ahead of here is the 21-DMA at $1.3504.
EURO-DOLLAR: MNI Fundamental levels (orders, options, technicals),
$1.3750 Medium offers
$1.3739 Thursday Oct31 high
$1.3690/700 Strong offers
$1.3660/65 Medium offers
$1.3650 Strong offers on approach/Stops
$1.3620/30 Medium offers
$1.3600 Int.Day high Asia/Cloud top $1.3599
$1.3579 ***Current mkt rate 0639GMT Wednesday
$1.3574 61.8% $1.3558-1.3600
$1.3558 Int.Day low Asia
$1.3525/15 Strong demand/$1.3521 NY low, $1.3516 Nov26 low
$1.3490/80 Medium demand/$1.3490 Mon Nov25 low/Stops
$1.3463 Friday Nov22 low
$1.3460/50 Medium demand/$1.3449 cloud base
$1.3420 Medium demand
EURO-DOLLAR:
Dropped back from around $1.3594 to $1.3573 as traders reacted to
wire headlines reporting a German press report that a new ECB LTRO is possible'
with conditions attached', as well as released details of the German coalition
deal that ESM funds can only be used for direct bank recapitalisations as last
resort. However, dip quickly attracted demand and has edged rate back to
$1.3585.
STERLING SUMMARY: Cable closed in NY Tuesday at $1.6213 after rate had taken
advantage of dollar weakness, prompted by weak US consumer confidence data and
end of month dollar sale flows, recovering off a session low of $1.6138 to
$1.6220 before settling just off best levels into the close. Asia continued the
corrective pullback, extending the move to $1.6198 before dip attracted fresh
demand. Recovery was seen in tandem with euro-dollar, which in turn was seen
driven higher by strong demand for euro-yen, which took cable through the NY
high and on to $1.6231 (T-line off Oct23). Resistance here stalled the recovery
with rate then settling around $1.6220 ahead of the European open. Euro-sterling
lifted from overnight lows of stg0.8368 to stg0.8385, as move reflected
euro-dollar's stronger rally, but was pulling back toward stg0.8375 into Europe.
UK GDP provides the domestic focus at 0930GMT, market waiting to see if the
prelim release of Q3 Q/Q of 0.8% growth can be confirmed. 
Cable offers remain in
place between $1.6230/40, a break to open a move toward the area of October
highs from $1.6248 through to the stronger level at $1.6260. Stops are noted
above. Support remains around $1.6200.
27-Nov-2013
7:10
CABLE TECHS: Bulls Still Eye $1.6260 But Downside Pressure Remains
RES 4: $1.6381 Reversal high Jan 2013
RES 3: $1.6302/09 Reversal Highs May, Sep 2012
RES 2: $1.6260/61 High Oct 1, Daily Bolli band top
RES 1: $1.6240 High Nov 25
LATEST PRICE: $1.6224
SUP 1: $1.6134/39 Lows Nov 25, 26
SUP 2: $1.6081 21-day moving average
SUP 3: $1.6064/70 23.6% of $1.5429-1.6260, 55-DMA
SUP 4: $1.5989/99 Lows Nov 14, Oct 30
COMMENTARY: Cable posted an inside-day after bulls failed to retest Nov 25 high
at $1.6240 while bulls continue to focus on $1.6260 reversal highs. Daily
studies mixed and overbought - failure to regain this level adds further
downside pressure and could see bears test redrawn Jul support line at $1.5982.
Support ahead of here at $1.6134, Nov 25 low, and at $1.6070/81 - 55 and 21-day
MAs. However, monthly studies are still bullish which may limit downside moves.
YEN SUMMARY: The Japanese yen started in Asia with minor gains after dollar-yen
again failed to make any kind of meaningful attempt at breaking through Y102.00
where option-related offers are believed to have built up. Dollar-yen opened at
Y101.27 while euro-yen opened at Y137.46. Early expectations of a weak opening
for Japanese stocks pushed dollar-yen down to a Y101.18 low while euro-yen was
also pressured to Y137.29. Dollar-yen then rebounded to Y101.35 and initially
struggled to clear rumored offers stacked above Y101.50. It held near there even
after comments from BOJ officials, Takahide Kiuchi and Sayuri Shirai, who both
expressed doubts Japan's 2% inflation target. Late in the morning however,
euro-yen broke higher to Y138.03 as the euro caught a bid tone, and that helped
dollar-yen push through Y101.50. Dollar-yen eventually traded a high of Y101.60
and was last at Y101.56 while the cross was trading at Y138.05, after a high of
Y138.09. On the downside, dollar-yen stops are noted below Y100.90 support with
a break below likely to risk a deeper correction that targets Y99.10. While that
Y100.90 support remains in play, further oscillation around the rising 21-day
upper Bollinger band (Y101.71) is expected to continue.
27-Nov-2013
7:28
DOLLAR-YEN TECHS: Bulls Eye Y101.92 But Studies Overbought
RES 4: Y102.50/53 Highs May 28, 29
RES 3: Y102.29 Rising channel top
RES 2: Y101.92/94 High Nov 25, Daily Bollinger band top
RES 1: Y101.73 High Nov 25
LATEST PRICE: Y101.48
SUP 1: Y101.14 Low Nov 25
SUP 2: Y100.91/92 23.6% of Y97.62-101.92, Nov 8 channel base
SUP 3: Y100.74 Daily Tenkan
SUP 4: Y100.28 38.2% of Y97.62-101.92
COMMENTARY: Dollar-yen still holds below Y102.00 level after hitting a high of
Y101.92 on Nov 25 and still key resistance. Weekly studies rise and a break
above here could see the start of a run up to Y103.74 - the May 22 reversal
high. However, daily and monthly studies look overbought adding downside risk -
bears look to test the rising channel base at Y100.92 and break below to the
38.2% at Y100.28, but ahead of here initial support at Y101.14 - Nov 25 low.
27-Nov-2013
7:42
EURO-YEN TECHS: Bulls Still Eye Above Y138.00 But Studies O/B
RES 4: Y138.68/72 3% 21-day MA envelope top, Aug 2009 high
RES 3: Y138.49 Oct 2009 high
RES 2: Y138.25 Daily Bollinger band top
RES 1: Y138.09/16 Rising channel top, Hourly high
LATEST PRICE: Y138.05
SUP 1: Y137.29/32 Hourly low, 2% 21-day MA envelope top
SUP 2: Y137.02 Low Nov 25
SUP 3: Y136.89 Jul 2009 reversal high
SUP 4: Y136.39/40 23.6% of Y131.22-137.99, High Nov 21
COMMENTARY: Euro-yen pushing higher already to test the rising channel top at
Y138.09 and leave a new high at Y138.16. Bulls will be looking to break back
above to daily Bolli top at Y138.20, however studies continue to look overbought
and we await to see if bulls can sustain a run above Y138.00. Failure to close
above adds downside risk and could reverse studies - new 23.6% of Y131.22-138.16
seen at Y136.52, but ahead of here is the 2% 21-DMA envelope top at Y137.32.
OPTIONS: Option expiries for today's NY cut 1000ET. Large(L), Very Large(VL),
* Dollar-yen; Y100.75, Y101.00, Y102.00
* Euro-yen; Y137.00
* Euro-dollar; $1.3480, $1.3485, $1.3495, $1.3500 $1.3600, $1.3750
* Cable; $1.6145, $1.6230
* Dollar-Swiss; Chf0.9200
* Aussie; $0.9225
* Dollar-Canada; C$1.0575, C$1.0600
:mrgreen:kabelek oddaje co zabrał 
