Hello
EUROZONE: Timeline of key events in the eurozone for next few weeks:
- Nov 28 German Oct ILO employment data
- Nov 28 German flash Nov HICP data
- Nov 28 Spain Q3 GDP data
- Nov 28 Italy Nov ISTAT business survey
- Nov 28 EMU Nov business/consumer sentiment survey
- Nov 28 Italy taps 4.50% 2024 BTP for up to E2.5bln
- Nov 29 EMU Oct unemployment
- Nov 29 Eurozone Nov advanced HICP data
- Nov 29 ECB announces 3-year LTRO repayment for following week
- Dec 02 IMF to start talks on Spanish banking review
- Dec 02 ECB's Constancio, Honohan speak IIEA Conference, Dublin
- Dec 03 ESM bill auction
- Dec 04 EMU Q3 GDP data (2nd estimate)
- Dec 04 EMU Nov final services PMI
- Dec 04 EU, IMF begin 10th review of Portuguese aid program
wersja poglądowa AT
28-Nov-2013
7:02
EURO-DOLLAR TECHS: Bulls Eye Above $1.3600 But Bears Pressure
RES 4: $1.3711 Reversal high Jan 2013
RES 3: $1.3681/82 Reversal high Apr 2007, High Oct 17
RES 2: $1.3627 61.8% of $1.3832-1.3296
RES 1: $1.3613/15 High Nov 27, Daily Bolli band top
LATEST PRICE: $1.3586
SUP 1: $1.3548/54 55-DMA, 38.2% of $1.3105-1.3832
SUP 2: $1.3496 21-day moving average
SUP 3: $1.3452/69 Nov 7 support line, 50.0% of $1.3105-1.3832
SUP 4: $1.3400/18 High Aug 8, 100-DMA
COMMENTARY: Euro-dollar struggles to hold onto any gains within the rising
channel - currently trades just over the channel base, seen at $1.3585. Bulls
look to break above $1.3600 level to test yesterday's high and daily Bolli top
at $1.3613/15, followed by the 61.8% of $1.3832-1.3296 at $1.3627. A strong
close within the channel is required to maintain the bullish tone as studies are
looking bearish or overbought. Key support at $1.3452 - a Nov 7 support line.
EURO-DOLLAR: MNI Fundamental levels (orders, options, technicals),
$1.3690/700 Strong offers/$1.3706 76.4% $1.3833-1.3295
$1.3660/65 Medium offers
$1.3650 Strong offers on approach/Stops
$1.3646 Cloud top
$1.3620/30 Medium offers/$1.3627 61.8% $1.3833-1.3295
$1.3613 Wednesday Nov27 high
$1.3588 Int.Day high
$1.3587 ***Current mkt rate 0627GMT Thursday
$1.3570 40-dma (closed above Weds $1.3571-close $1.3576)
$1.3564 Int.Day low Asia
$1.3559-58 Wednesday Nov27 lows (Asia-NY)
$1.3525/15 Strong demand
$1.3490/80 Medium demand/$1.3490 Mon Nov25 low/Stops
$1.3463 Friday Nov22 low/$1.3465 cloud base
$1.3460/50 Medium demand
28-Nov-2013
7:10
CABLE TECHS: Studies Overbought But Bulls Now Eye $1.6381
RES 4: $1.6428 38.2% of $2.1161-1.3503
RES 3: $1.6401 High Mar 2011
RES 2: $1.6381 Reversal high Jan 2013
RES 1: $1.6331 High Nov 27
LATEST PRICE: $1.6317
SUP 1: $1.6260 High Oct 1
SUP 2: $1.6240 High Nov 25 & 5-DMA
SUP 3: $1.6219 23.6% of $1.5855-1.6331
SUP 4: $1.6149 High Nov 18, 38.2% of $1.5855-1.6331
COMMENTARY: Cable pops above the October highs to reach the highest level seen
since Jan 2013 - key resistance at $1.6381, the Jan reversal high. However,
ahead of here is initial res at $1.6331, yesterday's high. Bulls eye above here
and we remind of the double-bottom measured move target at $1.6690 when the pair
broke above $1.5750 in September. But we also note studies are overbought and
bears may look to pare some gains - key support at $1.6219 a new 23.6% level.
CABLE: MNI Fundamental levels (orders, options, technicals),
$1.6410 Medium offers/Stops
$1.6400 Strong offers on approach/Barrier
$1.6381 2013 Jan2 high
$1.6376 1.618% swing proj of $1.6331-1.6258
$1.6350 Medium offers
$1.6330/35 Strong offers/$1.6331 Weds Nov27 high
$1.6329 Int.Day high Asia
$1.6320 ***Current market rate 0631GMT Thursday
$1.6277 Int.Day low Asia
$1.6285/75 61.8%-76.4% $1.6258-1.6329
$1.6258 Pullback low off $1.6331(NY)
$1.6250 Medium demand/$1.6249 61.8% $1.6198-1.6331
$1.6229 76.4% $1.6198-1.6331
$1.6198 Int.Day low Europe-NY, Asia $1.6151
EURO-STERLING: MNI Fundamental levels (orders, options, technicals)
stg0.8464 Weds Nov13 high (seen in Asia)
stg0.8440 Medium offers
stg0.8430 Medium offers/Stops
stg0.8415/20 Strong offers/Stops
stg0.8395/400 Medium offers
stg0.8391 Tues Nov26 high/stg0.8392 76.4% stg0.8415-0.8317
stg0.8387 Wednesday Nov27 high
stg0.8337 Int.Day high Asia
stg0.8333 Corresponds to E1.20
stg0.8325 ***Current market rate 0745GMT Thursday
stg0.83205 Int.Day low Europe, Asia stg0.8322
stg0.8317 Nov22 low
stg0.8300 Strong demand/Nov7 low, ECB rate cut react
stg0.8285 50.0% 0.7756-0.8815
stg0.8258 76.4% stg0.8086-0.8815 2013 range
28-Nov-2013
7:28
DOLLAR-YEN TECHS: Above Y102.00 But Studies Add Downside Risk
RES 4: Y103.31 High May 17
RES 3: Y102.89/90 High May 21, 3% 21-day MA envelope top
RES 2: Y102.41/51 Daily Bolli band top, Rising channel top
RES 1: Y102.28 Hourly high
LATEST PRICE: Y102.16
SUP 1: Y101.92/94 High Nov 25, Hourly low
SUP 2: Y101.15/18 Nov 8 channel base, 23.6% of Y97.62-102.28
SUP 3: Y100.93 Daily Tenkan line
SUP 4: Y100.50 38.2% of Y97.62-102.28
COMMENTARY: Dollar-yen pressures the rising channel top again (seen at Y102.51)
and trades above the Y102.00 level despite overbought studies - hourly high at
Y102.28 is initial res. Bulls will look to hold above but bears are already
testing support below Y102.00 - initial suppt at Y101.92/94 - the Nov 25 high
and hourly low. A break below here targets the rising channel base and 23.6% of
Y97.62-102.28 at Y101.14/18 and below here is the daily Tenkan at Y100.93.
28-Nov-2013
7:45
EURO-YEN TECHS: Burst Above Y138.00; Bulls Now Eye Y139.00
RES 4: Y140.20/23 Oct 2005 high, 4% 21-DMA envelope top
RES 3: Y139.43 Feb 2005 high
RES 2: Y139.22 Jun 2009 high
RES 1: Y138.88/96 3% 21-DMA envelope top, Daily Bolli top
LATEST PRICE: Y138.77
SUP 1: Y138.31 Hourly low
SUP 2: Y137.99 Nov 25 high
SUP 3: Y137.53 2% 21-day MA envelope top
SUP 4: Y137.02/04 Low Nov 25, 23.6% of Y131.22-138.84
COMMENTARY: Euro-yen bursts above the rising channel top and closed above the
daily Bolli band but has since moved back within - bears already testing below
the channel top at Y138.44 to leave an hourly low of Y138.31 - initial support.
Studies are overbought and a move back into the channel adds downside risk - key
support at Y137.02 the new 23.6% level. However, bulls likely look to break
above the Y139.00 level to test the Jun 2009 reversal high at Y139.22.
OPTIONS: Option expiries for today's NY cut 1000ET. Large(L), Very Large(VL),
Includes DTCC
* Dollar-yen; Y101.00, Y101.50, Y102.00
* Euro-dollar; $1.3450, $1.3500, $1.3525, $1.3550, $1.3570, $1.3600, $1.3700,
$1.3710
