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15.12.2010
19:37
Dow -0.53 at 11476.01, Nasdaq -7.61 at 2620.11, S&P -4.20 at 1237.39

All of the major indices are trading lower with the S&P 500 down 0.4%
Shares of BP (BP 43.40, -1.04) slid to their lowest levels of the session after the U.S. government announced it was suing the company for its Gulf of Mexico oil spill. Transocean (RIG 71.84, -0.96), and Anadarko Petroleum (APC 67.23, -1.74) were also added to the suit for their roles in the spill. The S&P 500 Energy Index is trading lower by 0.4% as 26 of 39 stocks in the index trade lower.

18:17
US: Senate passes tax bill, now House can schedule a vote.
16:43
UK: UK parliament approves stg3.25bn bilateral loan for Ireland.
14:22
Before the bell: U.S. stocks were poised to open lower Wednesday as worries about European debt underpinned sentiment, with Spain being the latest country to face a possible downgrade.


Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were down about 0.2% to 0.3% ahead of the opening bell. Futures measure current index values against perceived future performance.

On Tuesday, U.S. stocks eased off earlier gains but finished higher. Investors found little reason to jump into the fray, after the Federal Reserve kept rates steady and left its bond-buying plan alone. The Fed stated in its report that "progress toward its objectives has been disappointingly slow."

The Fed's announcement was largely expected. "It goes back to Bernanke's interview a couple Sundays ago," said Michael Gault, senior portfolio strategist at Weiser Capital Management. "He has really been pounding his fist saying that unemployment is the number one priority right now."

The Fed will continue to keep rates low and pursue its quantitative easing program until "the country can stand on its own," Gault explained.

Stocks have been on a pretty solid run. All three major indexes have gained about 5% this month, and are up more than 6% for the quarter. Stocks are on track for double-digit percentage gains for the year.

Additionally, investors have been waiting for Congress to extend the Bush-era tax cuts. While market watchers expect the deal to pass, the waiting has had investors slightly on edge. The compromise passed a key test Monday, and is expected to get Senate approval later Wednesday.

Economy: The U.S. consumer price index -- the government's main inflation gauge -- is expected to show that prices rose 0.2% in November, matching their increase in October. Economists surveyed by Briefing.com expect prices, excluding food and energy, to have inched up 0.1%.

Other economic reports on tap before the market opens include the Empire State manufacturing survey, and government data on industrial production and capacity utilization.

While investors will look for any major outliers in the economic reports due out Wednesday, the government's update on the unemployment filings due out Thursday is more interesting, according to Gault. "Investors are focused on jobs week in, week out." Also, the report on housing starts due out Thursday will get some attention.

14:06
US DATA: October TICS data showed that net foreign purchases of long-term U.S. securities were a paltry $27.6 bn as net foreign purchases of $54.7 bn were offset by US resident purchases of $27.1 bn of foreign securities.
Within the foreign purchases of US securities, private investors bought $62.2 bn of US securities while foreign officials were net sellers of $7.5 bn of securities. Prior mth inflows were revised down to $77.2 bn from $81.0 bn.
13:40
US DATA: Nov CPI +0.1%, core +0.1% (+0.09785% unrounded) for +1.1% YOY overall and +0.8% YOY core.
Within core, new vehicles -0.4% (NSA +0.3%), used cars -0.5% (NSA -1.2%), recreation flat, and medical services +0.1% held down the total. OER at +0.1% and +0.2% YOY remains very modest and should continue to moderate CPI ahead. Food +0.2% as cereals and meats jumped but fruits & veg fell. Energy +0.2% as nat gas -5.7% in an offset to higher gas and fuel oil. This was a little better than expected and CPI's slow gains show why the Fed remains concerned about prices.
13:39
US DATA: NY Fed Empire State Mfg Index 10.57 in Dec vs -11.14 in Nov, above expectations of 5.0. The new orders and shipments readings both returned to positive territory, but the employment reading fell below zero.
13:09
EU session review: Euro drops after Moody's says Spain on review for downgrade; Dollar gains

Data released
09:30     UK     Claimant count (November)    -1,200    -3,200    -5200 (-3700)
09:30     UK     Claimant count rate (November)    4.5%    4.5%    4.5%
09:30     UK     Average earnings (3 months to October) Y/Y    2.2%    2.1%    2.1 (2.0)%
09:30     UK     Average earnings ex bonuses (3 months to October) Y/Y    2.3%    -    2.2%
09:30     UK     ILO Jobless rate (October)    7.9%    -    7.7%
11:00     UK     CBI retail sales volume balance (December)    56%    41%    43%

The euro slumped against the dollar after Moody’s Investors Service said Spain’s debt rating is on review for a possible downgrade.
The shared currency weakened after Moody’s cited Spain’s “vulnerability to funding stress.”
European Union leaders will meet this week amid discord about how to stem a debt crisis that’s caused Greece and Ireland to accept bailouts.
“This morning we had a kneejerk reaction in the wake of the Moody’s comments,” said Jeremy Stretch, executive director of foreign-exchange strategy at Canadian Imperial Bank of Commerce. “Also, having failed to get up through the $1.35 area there is always a risk of a bit of a pull back. Yield spreads and peripheral concerns going on in the euro zone are going to continue to cap any rallies in euro-dollar.”
Moody’s said Spain’s credit rating may be cut from Aa1 as the government prepares its final bond sale of the year tomorrow amid concern it may follow Greece and Ireland in seeking a bailout.
Spain has to raise 170 billion euros next year, while refinancing needs for its regions total 30 billion euros and for banks around 90 billion euros, Moody’s estimates. It doesn’t see a bailout as “likely.”
The Swiss franc appreciated to a record against the euro. The franc has gained 14% against the common currency this year as investors became more concerned about the ability of European governments to contain the fiscal crisis and prevent a breakup of the 16-member region.
Data published today showed Swiss investor confidence climbed for the first time in four months in December as reviving consumer demand helped counter weaker export growth. The nation’s central bank is expected to leave its benchmark rate at 0.25% tomorrow, as it aims to limit the stronger franc from undermining the nation’s export-led recovery.

EUR/USD fell to session lows on $1.3284 before it recovered to $1.3376.

GBP/USD weakened after weak UK data from $1.5765 to $1.5650.

USD/JPY failed to set above Y84.00 and retreated to Y83.62.


The dollar rose against most major counterparts before data forecast to show growth in U.S. industrial production.
At 1330GMT, US consumer prices are expected to rise 0.2% in November. Core CPI is forecast to rise only 0.1%, as pricing power remains very weak. Also at 1330GMT, the Empire State manufacturing index is forecast to rise to a reading of 5.0 in December after the surprise plunge in November.
US data continues at 1400GMT with the Treasury  International Capital Flows data, while at 1415GMT, US industrial  production is expected to rise 0.4% in November. Capacity utilization is forecast to rise to 75.1%.
The weekly Crude Oil Stocks data comes in at 1530GMT.

12:50
GOLD:

Picks up a few dollars after the morning low of $1386, as dollar weakness starts to reappear following the euro bounce. Gold rallied to $1393.75 before paring back to $1392.50

12:27
EUR/USD holds higher

EUR/USD extends recovery to $1.3362 ($1.3359 76.4% $1.3382/1.3285). A clear above $1.3360 seen needed to open a move on toward $1.3380/90.

12:21
USD/JPY retreats

USD/JPY failed to hold above Y84.00 when the rally has stalled at Y84.07. Dollar-yen has dropped back to Y83.79, as offers at Y112.00 in the euro-yen continue to staunch any rally. Dollar trades Y83.81/83 with the cross at Y111.87/90

12:04
ECB ORPHANIDES: Support loans in emu are not 'gifts'
11:56
GBP/USD recovers

GBP/USD recovers off extended lows of $1.5656, with rate rtracking euro-dollar's stronger recovery while euro-sterling gets held below stg0.8510. Cable trades around $1.5675 but seen meeting resistance on approach to $1.5680.

11:31
EU focus: Dollar up with yields, euro down as Spain on review

The dollar rose against other major currencies on Wednesday after upbeat U.S. economic data helped to send U.S. Treasury yields higher, while the euro fell after credit rating agency Moody's said it may downgrade Spain's debt.
Moody's put Spain's AA1 ratings on review for a possible downgrade, citing concerns about its mounting debt and 2011 funding needs, sending the euro down to test support just below $1.3300.
Robert Ryan, FX strategist at BNP Paribas in Singapore, said the threat of a downgrade was not really a surprise given Spain's 10-year yield spread was about 250 basis points over Bunds. "But this just focuses attention back on Spain," he said.
Ireland's parliament is due to vote on an 85 billion euro ($114 billion) EU/IMF rescue package on Wednesday, which is expected to get through the lower chamber.
The government then hopes to tap the external funding early next year, but the market is not convinced that the euro zone's debt troubles are over.
Chartists said if the euro could hold above support in a band above $1.3280, it could retest $1.3500, its three-week high set on Tuesday. But if that support band gives way, the euro is likely to slip into a $1.3165-1.3500 range before eventually breaking down to test its November low at $1.2969.
The 10-year Treasury yield flew to a seven-month high just above 3.50% in Asian trade on Wednesday, extending a move that started on Tuesday after U.S. retail sales rose for a fifth straight month in November, prompting economists to ratchet up fourth-quarter growth forecasts.
Despite improving growth prospects, the Federal Reserve reaffirmed its commitment to buy $600 billion in bonds, a move that could add fuel to the economic bonfire in coming months.
The rise in yields helped the dollar to bounce on Tuesday to reverse losses on the yen.
Although the 10-year yield retreated to 3.414% later on Wednesday, the dollar remained up near the Y84.00 resistance it has tussled with all month.
"A sharp rise in U.S. Treasury yields is spurring short-covering in the dollar," said Shuichi Kanehira, head of FX spot trading at Mizuho Corporate Bank. "I'm not sure whether this will be a long-term uptrend, but in the short term the dollar could advance further."
U.S. data on Wednesday includes November consumer prices.

11:24
AUD/USD above $0.9900

AUD/USD trips some stops through $0.9900 as pair extends losses to $0.9887 on back of real money sales in euro-dollar despite contrasting bids from a German name. Price rebounds sharply to $0.9913, but remains under pressure.

10:54
USD/JPY looks positive

USD/JPY breaks through Y84.00 to a high of Y84.08 as euro struggles to get a toehold back above $1.3300. Market talk is of Hedge fund supply positioned at Y84.15 ahead of further offers Y84.30/35. Spot trades Y84.06/08

10:51
USD/JPY looks positive

USD/JPY breaks through Y84.00 to a high of Y84.08 as euro struggles to get a toehold back above $1.3300. Market talk is of Hedge fund supply positioned at Y84.15 ahead of further offers Y84.30/35. Spot trades Y84.06/08

10:34
GERMANY MERKEL: Euro has weathered crisis
  • Euro a stable currency.
  • EU Council to adopt permanent crisis mechanism.
  • EU leaders will agree on treaty change.
  • Treaty change to ratified in EU by end-2012
  • Need more econ coordination in EU
  • Eurobond no solution for crisis.
10:20
EU JUNCKER: Survival of eurozone not in question.
10:10
EUR/USD probes $1.3300

EUR/USD breaks under $1.3305/00 area to demand interest placed below the figure. Despite demand rate retains a heavy tone, currently trading around $1.3297. Major German name a noted buyer at $1.3300, traders report, add that further demand stretches toward $1.3280 with main downside stops below this level. Earlier reports noted stops sub $1.3285.

10:04
EMU: Eurozone employment was unchanged on the quarter in 3Q, narrowing the annual decline to -0.2%
09:54
News reaction

GBP/USD drops from above $1.5750 to $1.5705 on release of weaker than expected UK employment data. Main support seen palced toward $1.5710, with stops noted below. Offers remain to $1.5770, stops above.

09:31
UK: ILO unemployment rate 7.9%
09:31
UK: Nov claimant count unemployment -1,200; rate 4.5%
09:16
GBP/USD holds higher

Traders flash up that stops on GBP/USD seen placed above $1.5770. Rate currently trades around $1.5760, after extending recovery off earlier lows of $1.5712 to $1.5769, with a US custodial linked to recent demand interest.

08:56
Option expiries for today's 1500GMT cut

EUR/USD $1.3300, $1.3240, $1.3200
USD/JPY Y82.75, Y83.00, Y83.50, Y84.00, Y84.10, Y84.75
GBP/USD $1.5900, $1.5780, $1.5770, $1.5550
USD/CHF Chf0.9850
AUD/USD $1.0000, $0.9865, $0.9855, $0.9800
NZD/USD $0.7485, $0.7400

08:45
Asian session: The dollar rose

The dollar rose against the yen and euro for a second day before data forecast to show growth in U.S. industrial production, backing Federal Reserve comments yesterday that the world’s largest economy continues to recover.
The greenback rose against all of its 16 major counterparts as Treasury yields reached a seven-month high after the Fed maintained a $600 billion program of debt purchasing.
The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners including the euro, yen and pound, gained 0.2 percent to 79.587 today, advancing for a second day.
U.S. factory production rose 0.3 percent in November, according to the median estimate of economists in a survey before the Fed releases the data today.
Treasury 10-year yields climbed to as high as 3.50 percent today, the highest since May 14, before retreating to 3.45 percent. They rose as much as 22 basis points yesterday.
Interest-rate futures contracts on the Chicago Board of Trade yesterday showed a 12 percent chance U.S. policy makers will increase the target lending rate to 0.5 percent by March. The probability was zero the day prior.
Demand for the dollar was limited before a report tomorrow forecast to show U.S. initial jobless claims rose last week, adding to signs the labor market will take time to recover.

EUR/USD: the pair shown low in the field of $1,3300.

GBP/USD: the pair shown low in the field of $1,5720.

USD/JPY: the pair become stronger in around Y84,00.


UK data includes labour market data at 0930GMT where the median  forecast is for the claimant count measure to fall by 3,000 in November,  leaving the ILO unemployment rate at 7.7% (Oct). Average weekly earnings
ex-bonuses 3m y/y is seen coming in at 2.3%. UK data also includes the December CBI Distributive Trades Survey at 1100GMT.
EMU data includes Q3 unemployment data at 1000GMT.
US data continues at 1400GMT with the Treasury  International Capital Flows data, while at 1415GMT, US industrial  production is expected to rise 0.4% in November on strong utilities  production that should be offset by soft manufacturing production. Factory payrolls fell 13,000 in the month, while auto production jobs fell 2,000. The factory workweek was unchanged at 40.3 hours, while the ISM production index fell to 55.0. Capacity utilization is forecast to rise to 75.1%. The weekly Crude Oil Stocks data comes in at 1530GMT.
At 1330GMT, US consumer prices are expected to rise 0.2% in November, as energy prices are expected to move higher after rising sharply in the previous four months. Food prices are also expected to rise in the month. AAA reported another rise in gasoline prices in the middle of November from a month earlier. Core CPI is forecast to rise only 0.1%, as pricing power remains very weak. Also at 1330GMT, the Empire State manufacturing index is forecast to rise to a
reading of 5.0 in December after the surprise plunge in November.

08:41
Forex: Tuesday's review

The dollar gained against the yen before the outcome of the Federal Reserve’s meeting to review its policy of debt purchases to bolster the U.S. economy.
The U.S. currency erased declines, including touching a three-week low against the euro, as Treasury yields increased after U.S. retail sales rose more than forecast during November, a sign consumers will play a bigger role in the economic recovery. The Swiss franc strengthened after the government raised its economic growth forecast for 2011. The Federal Open Market Committee will issue a policy statement at 2:15 p.m. New York time.
FOMC leaves all policies unch, affirms QE2 for $600b Tsys. FOMC says econ pace is slow, insufficient to bring down unemployment, recovery continuing but progress still 'disappointingly slow'.

EUR/USD: positions of pair on results of yesterday's session essentially haven't changed.

GBP/USD: the pair decreased below a mark $1,5800.

USD/JPY: the pair become stronger in around Y83,60.


UK data includes labour market data at 0930GMT where the median  forecast is for the claimant count measure to fall by 3,000 in November,  leaving the ILO unemployment rate at 7.7% (Oct). Average weekly earnings
ex-bonuses 3m y/y is seen coming in at 2.3%. UK data also includes the December CBI Distributive Trades Survey at 1100GMT.
EMU data includes Q3 unemployment data at 1000GMT.
US data continues at 1400GMT with the Treasury  International Capital Flows data, while at 1415GMT, US industrial  production is expected to rise 0.4% in November on strong utilities  production that should be offset by soft manufacturing production. Factory payrolls fell 13,000 in the month, while auto production jobs fell 2,000. The factory workweek was unchanged at 40.3 hours, while the ISM production index fell to 55.0. Capacity utilization is forecast to rise to 75.1%. The weekly Crude Oil Stocks data comes in at 1530GMT.
At 1330GMT, US consumer prices are expected to rise 0.2% in November, as energy prices are expected to move higher after rising sharply in the previous four months. Food prices are also expected to rise in the month. AAA reported another rise in gasoline prices in the middle of November from a month earlier. Core CPI is forecast to rise only 0.1%, as pricing power remains very weak. Also at 1330GMT, the Empire State manufacturing index is forecast to rise to a
reading of 5.0 in December after the surprise plunge in November.

08:33
Stocks: Tuesday's review

Japan’s stocks rose for a second day, led by financial shares, on speculation tax breaks will be maintained and after Deutsche Bank AG restated its “overweight” rating on bank shares.
Nomura climbed 1.5 percent to 527 yen, the highest since June 23, and was the most actively traded stock by value in Japan. Daiwa Securities Group Inc., the second-biggest, rose 2.9 percent to 427 yen. Mizuho Securities Co. leapt 4.1 percent to 228 yen.
Yesterday two government officials said Japan may extend a capital-gains tax break by a year after the Financial Services Agency opposed ending it in 2011 as scheduled.
Mitsubishi UFJ increased 0.5 percent to 433 yen. Sumitomo Mitsui Financial Group Inc., Japan’s second-biggest bank by market value, rose 0.6 percent to 2,805 yen. Mizuho Financial Group Inc., the No. 3, gained 0.7 percent to 144 yen.
Machinery makers extended yesterday’s gain after Credit Suisse raised its rating on NTN, a bearing maker, to “outperform” from “neutral” today. NTN Corp., a bearing maker, and Olympus Corp., an optical-equipment maker, jumped at least 3.6 percent.
Inpex Corp., Japan’s No. 1 oil explorer, rose 2.6 percent to 480,000 yen, the highest close since July 5. Japan Petroleum Exploration Co., the nation’s second-biggest oil driller, climbed 3.9 percent to 3,170 yen. The index group that includes those companies had the biggest increase in the Topix. JX Holdings Inc., Japan’s No. 1 oil refiner and copper producer, advanced 1.7 percent to its record high of 556 yen.

European stocks climbed for a seventh day, their longest winning streak in almost six months, as better-than-forecast retail sales in the U.S. offset declines in basic-resource shares and carmakers.
Air France and Lufthansa climbed 1.4 percent to 14.40 euros and 1.7 percent to 17.34 euros, respectively. The two airlines were raised to “outperform” from “neutral” at Credit Suisse.
Mediaset SpA, the broadcaster owned by Silvio Berlusconi, surged 3.3 percent to 4.64 euros after the Italian Prime Minister survived a confidence vote as rebel lawmakers failed to muster enough support to topple his government.
TUI AG rallied 5.1 percent to 9.83 euros as the German owner of Europe’s largest travel company said profit at Hapag- Lloyd boosted its full-year operating result. Hapag contributed 150 million euros ($200.9 million) to net income compared with a loss of 174 million euros a year earlier, Hanover, Germany-based TUI said today. German investor confidence improved for a second month in December as the recovery in Europe’s largest economy showed signs of broadening. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations increased to 4.3 from 1.8 in November. Economists predicted a gain to 3.9.
A housing-market gauge in the U.K. stayed close to its lowest level in 18 months in November as demand for homes waned, the Royal Institution of Chartered Surveyors said.
BP Plc gained 3.2 percent to 473.1 pence as the international oil company sold fields in Pakistan to Hong Kong- based investment group United Energy Group Ltd. as part of its plan to pay for the Gulf of Mexico oil spill.
Vestas Wind Systems A/S rose 4.7 percent to 181.90 kroner. The company won an order for 30 turbines of its V52-850 kilowatt model for a project in Cape Verde, the company said.
Vilmorin & Cie. gained 3.3 percent to 85.75 euros after Europe’s second-biggest seed company was raised to “outperform” from “underperform” at CA Cheuvreux.
ProSiebenSat slumped 5.7 percent to 21.68 euros for the largest decline in the Stoxx 600 after Die Welt newspaper reported that Kohlberg Kravis Roberts & Co. and Permira LLP aim to sell the broadcaster next year. Die Welt cited unidentified people in the financial markets.

U.S. stocks eased off earlier gains but finished higher Tuesday, as investors found little reason to jump into the fray after the Fed kept rates steady and left its bond-buying plan alone.
About two-thirds of the 30 Dow issues advanced, with AT&T (T, Fortune 500), Kraft Foods (KFT, Fortune 500), Verizon (VZ, Fortune 500), Johnson & Johnson (JNJ, Fortune 500) and Microsoft (MSFT, Fortune 500) leading the way.
Stocks had rallied out of the gate Tuesday morning, following a better-than-expected retail sales report from the U.S. Commerce Department, and held onto gains for most of the afternoon.
All three major indexes have gained about 5% this month, and are up more than 6% for the quarter. Stocks are on track for double-digit gains for the year.
Economy: Retail sales were better than expected, with strength in gasoline prices and clothing sales. U.S. retail sales rose 0.8% in November, the Commerce Department said, which was better than the 0.5% increase economists were expecting. Excluding the automotive sector, sales jumped 1.2% -- more than the 0.6% increase anticipated.
The producer price index increased 0.8% in November -- higher than the 0.5% gain expected. Core PPI, which excludes food and energy prices, rose 0.3% -- a larger increase than the 0.2% expected.
A report from the Commerce Department showed that business inventories grew 0.7% in October, following a 0.9% uptick the prior month. Economists were expecting inventories to rise 1.1%.
As expected, the Federal Reserve held interest rates near 0%, where they have been since the financial crisis took hold in 2008.
The central bank also maintained its rhetoric on the economy, saying that although it is recovering, the pace is not fast enough to combat the unemployment rate.
The Fed said it is moving ahead with its plan to pump $600 billion into the economy, known as quantitative easing or QE2, and did make any changes to the program.
Companies: Best Buy (BBY, Fortune 500) shares slid 15% in early trading, after the home electronics retailer lowered its fiscal year outlook and posted a 3.3% decline in quarterly same-store sales.
Shares of General Electric (GE, Fortune 500) edged higher after the company released presentation slides ahead of its annual investors meeting that reiterated the company's upbeate outlook. GE said it "will deliever solid earnings growth in 2010, 2011 and beyond," as its performance continues to strengthen.

08:25
Tech on USD/JPY

Resistance 3:Y85.90 (high of September)
Resistance 2:Y84.30/40 (Nov 29 high, Dec 1, 2 and 8 high)

Resistance 1:Y83.95 (session high)
Current price: Y83.86
Support 1:Y83.50 (session low)
Support 2:Y82.80 (Dec 14 low)
Support 3:Y82.30 (Dec 7 low, 50,0 % FIBO Y80,20-Y84,40)

Comments: the pair become stronger. The nearest resistance - Y83,95. Above growth is possible to Y84.30/40. The nearest support - Y83,50. Below losses are possible to Y82.80.

08:21
Tech on USD/CHF

Resistance 3: Chf0.9850 (Dec 13 high)
Resistance 2: Chf0.9720 (Dec 6 high)

Resistance 1: Chf0.9690 (Dec 14 high)
Current price: Chf0.9630
Support 1: Chf0.9550 (around of Nov low and Dec 14 low)
Support 2: Chf0.9460 (low of October)
Support 3: Chf0.9400 (psychological mark)

Comments: the pair receded from the low reached yesterday. The nearest resistance Chf0,9690. Above is located Chf0.9720. The nearest support Chf0,9550. Below loss may extend to Chf0.9460.

07:10
Tech on GBP/USD

Resistance 3: $ 1.5985 (61,8 % FIBO $1,6300-$ 1,5490)
Resistance 2: $ 1.5910 (Dec 14 high)
Resistance 1: $ 1.5770 (session high)
Current price: $1.5732
Support 1 : $1.5720 (Dec 13 low)
Support 3 : $1.5655 (Dec 6 low)
Support 3 : $1.5580 (Dec 3 low)

Comments: the pair decreased. The nearest support - $1,5720. Below decrease is possible to $1.5655. The nearest resistance - $1,5770. Above growth is possible to $1,5910.

06:45
Tech on EUR/USD

Resistance 3: $ 1.3630 (50,0 % FIBO $1,4285-$ 1,2970)
Resistance 2: $ 1.3500 (Dec 14 high)
Resistance 1: $ 1.3380 (session high)
Current price: $1.3344
Support 1 : $1.3330 (session low)
Support 2 : $1.3250 (support line from Dec 1)
Support 3 : $1.3180 (Dec 13 low)


Comments: the pair decreased. The nearest support - $1,3330. Below decrease is possible to $1.3250. The nearest resistance - $1,3380. Above growth is possible to $1,3500.

06:37
Schedule for today, Wednesday, Dec'15'2010:

09:30     UK     Claimant count (November)         -3,200    -3,700
09:30     UK     Claimant count rate (November)         4.5%    4.5%
11:00     UK     CBI retail sales volume balance (December)         41%    43%
13:30     USA     NY Fed Empire State manufacturing index (December)         3.2    -11.1
13:30     USA     CPI (November)         0.2%    0.2%
13:30     USA     CPI (November) Y/Y         -    1.2%
13:30     USA     CPI excluding food and energy (November)         0.1%    0.0%
13:30     USA     CPI excluding food and energy (November) Y/Y         -    0.6%
14:00     USA     TICS net flows (October), bln         -    81.7
14:00     USA     TICS net long-term flows (October), bln         101.0    81.0
14:15     USA     Industrial production (November)         0.3%    0.0%
14:15     USA     Capacity utilisation (November)         74.9    74.8

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