Monday, 17 October 2011

CRD IV should reflect Emir exemptions, says Bowles

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Risk.net Regulation News Update
17 October 2011
This Week's Top Story
CRD IV should reflect Emir exemptions, says Bowles
Chair of European Parliament's Econ committee believes CRD IV should mirror Emir corporate exemptions, but has not yet decided whether sovereign counterparties should enjoy the same benefit


Categories: Regulation, Derivatives
Topics: Derivatives, OTC derivatives, European Markets Infrastructure Regulation (Emir), Capital Requirements Directive (CRD), Corporates ...
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Managing Counterparty Risk in Volatile Markets
New York, 8 & 9 November 2011 - London, 15 & 16 November 2011
Managing Counterparty Risk in Volatile Markets New York, 8 & 9 November 2011 - London, 15 & 16 November 2011
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Sunday, 16 October 2011

Daily Technical Analysis Pre EU 17th October 2011

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PRE EUROPEAN OPEN, Daily Technical analysis, 17 October 2011
EUR/USD GBP/USD USD/JPY AUD/USD Gold Crude Oil
Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.
EUR/USD intraday: the upside prevails.
Pivot: 1.3800.

Most Likely Scenario: LONG positions @ 1.381 with targets @ 1.39 & 1.394.

Alternative scenario: The downside penetration of 1.38 will call for 1.375 & 1.3725.

Comment: The pair stands above its new support and should post further advance.

Trend: ST Consolidation; MT Bearish

Next »
GBP/USD intraday: supported by a rising trend line.
Pivot: 1.5760.

Most Likely Scenario: LONG positions @ 1.577 with 1.5855 & 1.591 in sight.

Alternative scenario: The downside penetration of 1.576 will call for a slide towards 1.572 & 1.567.

Comment: The pair remains supported by a rising trend line and should post a rebound.

« Previous | Next »
USD/JPY intraday: the upside prevails.
Pivot: 77.00.

Most Likely Scenario: LONG positions @ 77.05 with 77.5 & 77.7 in sight.

Alternative scenario: The downside penetration of 77 will call for a slide towards 76.75 & 76.6.

Comment: The pair has struck against its resistance and is pulling back on its support ahead of a rebound.

« Previous | Next »
AUD/USD intraday: bullish bias above 1.02.
Pivot: 1.02

Most Likely Scenario: Long positions above 1.02 with targets @ 1.039 & 1.053 in extension.

Alternative scenario: Below 1.02 look for further downside with 1.01 & 1.002 as targets.

Comment: The RSI is supported by a rising trend line.

« Previous | Next »
GOLD (Spot) intraday: further upside.
Pivot: 1654.00

Most Likely Scenario: LONG positions above 1654 with targets @ 1692 & 1715.

Alternative scenario: The downside breakout of 1654 will open the way to 1640 & 1630.

Comment: The price remains in a bullish channel.

« Previous | Next »
Crude Oil (Dec 11) intraday: the bias remains bullish.
Pivot: 85.50

Most Likely Scenario: LONG positions above 85.5 with targets @ 88.1 & 88.85.

Alternative scenario: The downside breakout of 85.5 will open the way to 84 & 83.5.

Comment: The price is supported by a rising trend line.

« Previous | BACK TO TOP »
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Cross-Market Technical Briefing 10.14.2011

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US Dollar Chart Setup Points to Gains as S&P 500 Hits Critical Resistance

Technical positioning hints the US Dollar may be readying for a move higher on renewed safe-haven demand as the S&P 500 hits critical range top resistance.

Read Full Article
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How to trade forex if you are busy

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Forex Round-Up

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Action Insight Weekly Report 10-16-11

ActionForex.com
Action Insight Weekly Report Markets Snapshot

Risk Rally to Hit Important Resistance This Week, Reverse?

Risk appetite extended with some persistence last week, sending the dollar broadly lower against major currencies. Downgrades of some peripheral European sovereign ratings were shrugged off as the focus was on developments in formulating the bank recapitalization plan. There was additional optimism that G20 will back increasing IMF lending capital to help tackle the European debt crisis. After all, sentiments were generally lifted by expectations that the European debt crisis would finally be solved. DOW had a week of solid rally and closed at 11644 while S&P 500 also closed strongly at 1224. Both are now close to key near term resistance level of 11716/11862 and 1230/50 respectively. FTSE 100 took out equivalent level of 5449 to close at 5466 while DAX is also back pressing 6000 psychological level. Dollar index suffered and extended the fall from near term high of 79.93 to close at 76.62.

Full Report Here...


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Featured Technical Report

USD/CAD Weekly Outlook

USD/CAD's fall from 1.0656 short term bottom extended further to as low as 1.0096 last week. Initial bias remains on the downside this week for 50% retracement of 0.9406 to 1.0656 at 1.0031. But we're expect strong support from there, which is close to 1.0009 support, parity and 55 days EMA (now at 1.0039) to contain downside and bring rebound. Above 1.0272 minor resistance will suggest that pullback from 1.0656 is finished and flip bias back to the upside for retesting this high.

Read more...

Forex Brokers
GFT InterbankFX FXCM
Suggested Readings

The Week in Review and Preview


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