Skip to content
Tags

, , , ,

Spanish Bond Auction Bolsters Market Sentiment – Jan 18

January 18, 2013
LATE UPDATE…………….
GMT 15:59 – OK pals, end of another excellent week….
Enjoy your weekend.Cheers
GMT 13:04 (C) sir euro at 1.3309 should go for long?
GMT 13:07 – Yes go ahead aroudn 1.3295-00. Today, I said, ” I am not ruling out over 100 pip fall”
GMT 13:15 (C) sir shall go long on gbp??
GMT 13:23 – GBP @ 1.5916 = Prefer buying around 1.5885 STOPS 1.5850
GMT 13:32 (C) gold what now
GMT 13:36 – GOLD @ $ 1691.50 = as long as $ 1694-94 is key if holds could test $ 1686, before up again
GMT 13:52 – GOLD @ $ 1694 = Pick top to sell Sell around $ 1694-96 STOPS
$ 1699
GMT  14:53 – GOLD @ $ 1688 = Book your profit as gold needs to dip below $ 1686 for $ 1683 or else $ 1692……..Cheers
GMT  14:57 – EURO @ 1.3315 = Fialing to move beyond 1.3335-40 increases risk for a test of 1.3275-80 zones. On the upside resistance is around 1.3360-65….
 
 
 
============
GMT 3:38 – Euro @ 1.3380 = Successful Spanish Bond Auction provided further boost to the market pushing the overall outlook of European zone economy into positive territory, as Spain sold new bonds at a lower rate than the previous bond sale. Lower yield bolster investor’s confidence as it indicates that Spain is less worried about its funding requirement, which could be roughly Euro 120-125 billion this year. 10-year Spanish bond yield is currently hovering around 5 pct versus high of 7.80 pct about few months ago.
Meanwhile, better than expected US economic data was not enough to shift strong sentiment as investors preferred asset related buying. Fed officials earlier note through his speech that they cannot do away with its current ongoing easing policy unless there is clear evidence of growth reaching satisfactory level and economy creates enough jobs suggesting its bond purchasing operation to continue is weighing on US Dollar, but helps stocks to rally that has surged to 5-year high.
With strong Chinese growth data and in the absence of any major economic data sentiment will remain positive..
EURO @ 1.3380 = Sentiment is mildly Bullish and would try to pick Euro around 1.3335 levels, with Stops if 1.3285 surrender, but suggest quick profit taking around 1.3395-05 levels. As long as 1.3450 holds, I am not ruling out over 100 pip fall.
GMT 4:06 – GOLD @ $ 1687.90 = Likey hold $ 1683-85 levels for a move towards $ 1692 or could possibly test $ 1695-97 zones. Fall below $ 1678 will see more losses.
GMT 4:00 – AUD 1.0517 = Tone of Aussie could be soft, but 1.0470-80 is strong support level and hence, may not surrender, with resistance around 1.0565
GMT 3:56 – JPY @ 89.93 = As long as it holds 89.65-70 risk for a test of 90.15-20 zones. A move below 89.55 will encourage for more corrective move, before up again.
GMT 3:52 – GBP @ 1.5980 = May struggle around 1.6020-30, but on dip may find support around 1.5905 only on break of 1.5935. However, move beyond 1.6080 will see Cable entering neutral zone.
Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: