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There won't be any activity in the market today
 
European stock markets were closed yesterday due to the celebration of the Western Christmas. 
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,954.18 (+0.24%); DAX 30 - 7,636.23 (-0.47%); CAC 40 - ...
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There won't be any activity in the market today
 
European stock markets were closed yesterday due to the celebration of the Western Christmas. 
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,954.18 (+0.24%); DAX 30 - 7,636.23 (-0.47%); CAC 40 - 3,652.61 (-0.24%). 
  
European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,137.73 (-0.13%). 
 
Before the opening of the European session US yield on 10-year T-Note is 1.78% (+0.001 NCP), the 10-year German Government Bonds is 1.38% (-0.040 NCP), and the 10-year UK Government Bonds is 1.89% (+0.000 NCP). 
 
Oil futures morning before the opening of the European trading session yesterday amid growing Chinese growth indices. 
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.35 (+0.50%), and U.S. crude oil WTI (ICE) 89.05 (+0.49%). 
Gold futures morning at 1,656.70 (-0.17%), quotes of copper at 
356.70 (+0.61%). 
Commodity Index CRB Index for the previous trading day was 294.13 (-0.12%). 
  
In the currency market, the dollar rises against the dollar on a thin market, obviously, investors expect the unresolved problem of the "fiscal cliff." 
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.74 (+0.13%). 
     
Prediction of the day: 
Today, out of the market. 
  
Events today: 
Moscow time 
18.00 U.S. home price index of 20 metropolitan areas of the S & P / Case-Shiller October n / a; 3,9% y / y, 3.0% y / y 
19.00 U.S. index of business activity in the industry FRB Richmond December n / a; 12, 9 
 
Sergei Kostenko 
  
*Recommendations listed in this article, can not be used as a base for the direct actions.
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GBP / USD
 
News background:
The pair is under pressure after weak macro data on GDP for the third quarter, which was revised up to +0.9% from 1.0%. The only factor supporting the pound is the weakness of the dollar and the expectation of a positive solution of ...
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GBP / USD
 
News background:
The pair is under pressure after weak macro data on GDP for the third quarter, which was revised up to +0.9% from 1.0%. The only factor supporting the pound is the weakness of the dollar and the expectation of a positive solution of the budget crisis in the U.S..
 
Technical picture:
From a technical point of view, a pair of still rising short-term trend. Price below the EMA 5, but still above the EMA 21 and at the bottom of the Bollinger Bands.
Oscillator Stoch. indicates the possibility of a reversal pair up. The RSI shows a continued weakening of the pair.
 
 
Trading recommendations. Sell ​​the pair if it drops below 1.6235 to 1.6175 with a local.
 
Technical analyst at Forex Bulygina Marina.
Analytical department of Grand Capital
 

 

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Disputes on overcoming the fiscal crisis continues
 
The next round of talks between U.S. President Barack Obama and House Speaker John Bonaire nothing brought. This is somewhat disappointed the market, but in general the moment that did not have a decisive impact on investor sentiment.
 
In the ...
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Disputes on overcoming the fiscal crisis continues
 
The next round of talks between U.S. President Barack Obama and House Speaker John Bonaire nothing brought. This is somewhat disappointed the market, but in general the moment that did not have a decisive impact on investor sentiment.
 
In the meantime, investors are hoping that the U.S. will be able to reach an agreement before the end of 2012 and avoid "breaking the budget."
 
Positive data from Germany and the United States allow us to hope that the markets will continue to bargain optimistic. The latest data on German business sentiment rose in December, business, and the number of permits for new homes in the U.S. have their maximum values ​​almost the last 4.5 years.
 
Currency market last days actually show steady weakening of the U.S. dollar in the first place due to the last decision of the Fed to continue supersoft monetary policy until the mid 2015's credit rating by S & P for Greece. Well, of course, additional positive expectations were positive solution of the budget crisis in the U.S..
 
European currencies feel good against the U.S. dollar. The single currency has reached levels of the end of September this year. But, despite this, we do not expect its further sustainable growth in the new year.
 
Today we should pay attention to data from the U.S.. Positive statistics will be able to support the dollar and cause a correction to its strengthening in the currency market.
 
Events today:
Moscow time
13:30 UK Retail sales in November n / a; 0,3% m / m, -0.8% m / m
17.30 Canada Basic index of retail sales in October n / a; 0,2% m / m and 0.0% m / m
17:30 Canada Retail sales in October n / a; 0,1% m / m and 0.1% m / m
17.30 U.S. The number of applications for unemployment benefits last week, December 9-15, n / a; 350,000; 343,000
17.30 U.S. Final figures for Q3 GDP growth. 2012 n / a; 2,8% q / q, 2.7% q / q
17.30 U.S. Final data on the price index of GDP Q3. 2012 n / a; 2,7% q / q, 2.7% q / q
19.00 Eurozone consumer confidence in November n / a; -26; -27
19.00 U.S. sales of existing homes in November n / a; 4,85 million, 4.79 million
19:00 U.S. Fed's manufacturing index, the Philadelphia December n / a; -1,8; -10,7
19.00 U.S. index of leading indicators, NE Nov. n / a; -0,1% m / m and 0.2% m / m
19.00 U.S. house price index in October n / a; 0,2% m / m and 0.2% m / m
19.30 U.S. natural gas reserves for the week December 9-15, n / a; n / a; 2 billion cubic meters. ft.
 

Sergei Kostenko

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EUR / USD
 
News background:
The pair received good support due to expectations of euro zone output of the protracted crisis and further loose monetary policy, which will definitely have a negative impact on the U.S. dollar.
 
Technical picture:
From a technical point of view, the pair ...
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EUR / USD
 
News background:
The pair received good support due to expectations of euro zone output of the protracted crisis and further loose monetary policy, which will definitely have a negative impact on the U.S. dollar.
 
Technical picture:
From a technical point of view, the pair is still in the short term uptrend. Price is above the center line of the Bollinger and EMA 5 and 21, and SMA 100 and 200.
Oscillator Stoch. points to the possibility of downward correction, but the RSI is overbought and shows the suspension of growth of pair.
 
 
Trading recommendations. Buy a pair for downward correction if it can stand up to the likely level of 1.3125-30 to 1.3245-50.
 
Technical analyst at Forex Bulyga
 
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European crisis has passed its worst period ...
 
According to EU officials rush of the European financial crisis is over and the general situation in the euro area is stabilized, but the truth, it is still far from being resolved. In any case, the Greek picture slowly begins ...
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European crisis has passed its worst period ...
 
According to EU officials rush of the European financial crisis is over and the general situation in the euro area is stabilized, but the truth, it is still far from being resolved. In any case, the Greek picture slowly begins to change in a positive way. Yesterday's decision by eurozone finance ministers and the International Monetary Fund put Greece 49.1 billion euros in assistance programs by the end of March next year, significantly reduce tension in the markets. While significantly large portion of this amount will go to the country in the near future.
"The money will come to Greece next week - said the Eurogroup chairman Jean-Claude Juncker at the press conference after the meeting. - We are convinced that the program will go back through the stable." (Reuters)
Against the background of the single currency of the European events, supported by weakness in the U.S. dollar due to the continuation of the course over loose monetary policy continues to grow up in the foreign exchange market against the U.S. currency.
 
Noticeably strong oversold since last spring indicates the likelihood of local growth. But in general we do not expect its strong fortifications, while stabilization in the euro area will have a positive impact on the growth of a single currency for some time.
 
Yesterday's statistics from the U.S. was not unequivocal and did not support the U.S. dollar. Retail sales were worse than expected 0.3% versus 0.5%, and an application for unemployment benefits, the projected 343 000 370 000, failed to improve investor sentiment burdened by the lack of arrangements to address the budget crisis.
 
Today, the most interesting will be the data index of business activity in the industry in Germany, the euro zone and the U.S., as well as figures of consumer price index in November in the eurozone.
 
Events today:
Moscow time
12:30 Germany PMI industry December n / a; n / a; 46,8
12:30 Germany PMI services December n / a; 50,0; 49,7
13.00 Eurozone business activity in the industry in December n / a; 46,6; 46,2
13.00 Eurozone business activity in the services sector in December n / a; 47,0; 46,7
13.00 Eurozone Employment Change Q3. 2012 n / a; 0,0% q / q and 0.0% q / q
during the day Eurozone EU Economic Summit
14.00 Eurozone consumer price index in November n / a; 2,2% y / y, 2.2% y / y
14.00 Eurozone core consumer price index in November n / a; 1,5% y / y and 1.5% y / y
Canada 17.30 Change in volume production deliveries in October n / a; 0,0% m / m, 0.4% y / y
17.30 U.S. core consumer price index in November n / a; 0,2% m / m and 0.2% m / m
17.30 U.S. Consumer Price Index in November n / a; -0,1% m / m and 0.1% m / m
18.00 U.S. index of business activity in the industry in December n / a; 52,6; 52,8
18.15 U.S. Capacity Utilization November n / a; 77,9%; 77,8%
18.15 U.S. The Industrial Production in November n / a; 0,3% m / m, -0.4% m / m
 
Sergei Kostenko
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EUR / USD
 
News background:

The pair stopped in its growth in anticipation of events around the U.S. budget crisis.
 
Technical picture:
From a technical point of view, the pair is still in the short term uptrend. Price is above the center line of the Bollinger and ...

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EUR / USD
 
News background:

The pair stopped in its growth in anticipation of events around the U.S. budget crisis.
 
Technical picture:
From a technical point of view, the pair is still in the short term uptrend. Price is above the center line of the Bollinger and EMA 5 and 21.
Oscillator Stoch. points to the possibility of weaker growth in pairs. The RSI shows a possible reversal of the pair down.


 
Trading recommendations. Buy a pair, if it consolidates above 1.3000 level with a potential target 1.3050-60.
 
Technical analyst at Forex Bulygina Marina.
Analytical department of Grand Capital

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EUROPEAN premarket 11/26/12
 
What will the future bring ...
    
European stock market ended last week in positive territory in the hopes of recovery of the European economy and the provision of financial assistance to Greece. Investors continue to believe that at a meeting of the Eurogroup will ...
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EUROPEAN premarket 11/26/12
 
What will the future bring ...
    
European stock market ended last week in positive territory in the hopes of recovery of the European economy and the provision of financial assistance to Greece. Investors continue to believe that at a meeting of the Eurogroup will be made this important decision on Greece. Growth leaders were paper companies of the technological sector ASML Holding NV and Nokia, which added 3.25% and 7.94% respectively.
Index DJ EURO STOXX BANK up to previous trading closed at 108.38 (+0.90%).
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,819.14 (+0.49%); DAX 30 - 7,309.13 (+0.89%); CAC 40 - 3,528.80 (+0.87%). Futures DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2548.50 (+0.85). European stock markets open growth.
 
European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,110.45 (+0.64%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.67% (-0.022 points), the 10-year German Government Bonds is 1.44% (+0.005 points), and 10-year-old UK Government Bonds is 1.84% (-0.003 points).
 
Oil futures on the morning electronic trading consolidated amid Middle East crisis and meeting the expectations of the results and the Eurogroup meeting of Obama and Republican congressmen who continue today.
Mark Brent Oil (ICE) in morning electronic trading before the opening of Europe at 111.20 (-0.16%) and the U.S. crude oil WTI (ICE) 88.03 (-0.28%).
Gold futures morning at 1,749.10 (-0.13%), quotes copper at 354.00 (+0.03%).
Commodity Index CRB Index for the previous trading day was 299.07 (+0.50%).
 
In the currency market, the dollar is supported against a small correction after the strong weakening of his last week on expectations of a positive resolution of the situation in Greece by the Eurogroup and the meeting of Obama and Congress.
The dollar index ICE, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.32 (+0.11%).
    
Prediction of the day:
If the meeting of the Euro Group is successful, we can expect further growth in the local level of the EURUSD to 1.3075.
 
Events today:
Moscow time
Switzerland 12.15 Number of employees 3 kv.2012 n / a; 4,09 million, 4.07 million
During the day, the Eurogroup meeting of euro zone
 
Sergei Kostenko
 

*Recommendations listed in this article, can not be used as a base for the direct actions.

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GBP / USD
 
News background:
Sterling continues to receive good support on news of a high degree of probability of a positive decision by the Eurogroup on Monday the issue of providing regular financial assistance to Greece.
 
Technical picture:
From a technical point of view, the pair ...
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GBP / USD
 
News background:
Sterling continues to receive good support on news of a high degree of probability of a positive decision by the Eurogroup on Monday the issue of providing regular financial assistance to Greece.
 
Technical picture:
From a technical point of view, the pair is in the short-term uptrend. Against the background of the good news of the Eurogroup and the dynamics of negotiations between Obama and the U.S. Congress, there is a likely increase in optimism among market participants that would certainly be a couple of local support. Price is above the center line of the Bollinger and EMA 5 and 21, which confirms the stability of short-term upward trend.
Oscillator Stoch. indicates overbought. RSI indicator is also included in the local area overbought.
 
 
Trading recommendations. Buy a pair of the rebound down a likely target 1.6025-35.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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Schäuble and Merkel supported markets 
 
Yesterday the head of the German Central Bank Schaeuble expressed the hope that on Monday 26 November will be a positive decision on the allocation of Athens next portion of financial aid. The German parliament on November 30 will also vote on Greece ...
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Schäuble and Merkel supported markets 
 
Yesterday the head of the German Central Bank Schaeuble expressed the hope that on Monday 26 November will be a positive decision on the allocation of Athens next portion of financial aid. The German parliament on November 30 will also vote on Greece and as suggested by Schäuble - it will be positive for Athens. Overall Schaeuble supported the extension of EFSF measures on Greece. 
As the speech by German Chancellor Angela Merkel on the situation around Greece were positive and led to additional optimism among investors. 
 
Against this background, the single currency turned and began to rise against the U.S. dollar, and the dollar sold off as a whole, although not as active. 
 
Today, the U.S. markets closed the day off and on this background, we do not expect any significant activity. Most likely, this pattern will continue on Friday in anticipation of the next meeting of the Eurogroup on Greece on Monday 26 November, and the new Obama's meeting with the Republican part of the U.S. Congress. 
 
Today we should pay attention to the statistics from Europe. 
 
Events today: 
Moscow time
12.30 Germany Preliminary data on the index of business activity in the manufacturing sector in November n / a; 45,9; 46,0 
12.30 Germany Preliminary data on the index of business activity in the service sector in November n / a; 48,5; 48,4 
13.00 Eurozone Preliminary data on the index of business activity in the manufacturing sector in November n / a; 45,6; 45,4 
13.00 Eurozone Preliminary data on the index of business activity in the service sector in November n / a; 46,1; 46,0 
during the day Eurozone EU Economic Summit 
15.00 Expected UK manufacturing orders (by CBI) November n / a; -19; -23 
17.30 Canada Basic index of retail sales in September n / a; 0,5% m / m, 0.4% y / y 
17.30 the Canadian retail sales in September n / a; 0,6% m / m, 0.3% y / y 
19.00 Eurozone consumer confidence in October n / a; -26; -26 
Today, the U.S. output. The celebration of Thanksgiving Day. 
 

Sergei Kostenko

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The market today is sluggish because of the weekend in the U.S.
 
European stock markets closed in positive territory on Wednesday against of my head of the German Bundesbank Schaeuble, who said that the assistance will be provided to Greece, and German Chancellor Merkel expressed confidence in his ...
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The market today is sluggish because of the weekend in the U.S.
 
European stock markets closed in positive territory on Wednesday against of my head of the German Bundesbank Schaeuble, who said that the assistance will be provided to Greece, and German Chancellor Merkel expressed confidence in his speech that she sees a chance to reach an agreement at a meeting of finance ministers on Monday. Growth leaders were shares of Nokia, which added 5.56% and Spanish banks.
Index DJ EURO STOXX BANK up to previous trading closed at 106.07 (+0.67%).
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5752.03 (+0.07%); DAX 30 - 7184.71 (+0.16%); CAC 40 - 3477.36 (+0.44%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2527.50 (+0.48%). Trading in Europe will open growth.
 
European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,097.43 (+0.27%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.68% (+0.000 NCP), the 10-year German Government Bonds is 1.43% (+0.014 NCP), and the 10-year UK Government Bonds is 1.83% (+0.007 NCP).
 
Oil futures morning before the opening of the European trading session, moving in different directions on the background of the events in the Middle East. The Middle East crisis is the main reason for the increase of crude oil prices.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 110.74 (-0.11%), and U.S. crude oil WTI (ICE) 87.53 (+0.17%).
Gold futures morning at 1,730.50 (+0.13%), quotes of copper at
351.55 (+0.26%).
Commodity Index CRB Index for the previous trading day was 297.59 (+0.36%).
 
In the currency market activity is relatively weak because of the weekend in the U.S., but in general, the U.S. dollar remains under pressure due to easing fears associated with the probability of the "fiscal cliff" and expectations of positive news on Monday of the Eurogroup on Greece.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.87 (-0.16%).
    
Prediction of the day:
Today activity in the markets will be very weak because of the weekend in the U.S..
 
Events today:
Moscow time
12.30 Germany Preliminary data on the index of business activity in the manufacturing sector in November n / a; 45,9; 46,0
12.30 Germany Preliminary data on the index of business activity in the service sector in November n / a; 48,5; 48,4
13.00 Eurozone Preliminary data on the index of business activity in the manufacturing sector in November n / a; 45,6; 45,4
13.00 Eurozone Preliminary data on the index of business activity in the service sector in November n / a; 46,1; 46,0
during the day Eurozone EU Economic Summit
15.00 Expected UK manufacturing orders (by CBI) November n / a; -19; -23
17.30 Canada Basic index of retail sales in September n / a; 0,5% m / m, 0.4% y / y
17.30 the Canadian retail sales in September n / a; 0,6% m / m, 0.3% y / y
19.00 Eurozone consumer confidence in October n / a; -26; -26
Today, the U.S. output. The celebration of Thanksgiving Day.
 
Sergei Kostenko
 

*Recommendations listed in this article, can not be used as a base for the direct actions.

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