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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 ...
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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 ...
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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 is ...
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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 ...
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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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Markets have grown, but what next? ..
 
European stock markets closed on Monday of this rally inspired with the prospects of a positive resolution of the U.S. budget crisis. And even Greek real problems could not overshadow the optimism of these prospects.
Growth leaders were paper companies in ...
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Markets have grown, but what next? ..
 
European stock markets closed on Monday of this rally inspired with the prospects of a positive resolution of the U.S. budget crisis. And even Greek real problems could not overshadow the optimism of these prospects.
Growth leaders were paper companies in the financial sector.
Index DJ EURO STOXX BANK up to previous trading closed at 105.56 (+3.90%). Shares of Deutsche Bank, Societe Generale and Barclays jumped from 4.68% to 6.64%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,737.66 (+2.36%); DAX 30 - 7,123.84 (+2.49%); CAC 40 - 3,439.58 (+2.93%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2486.50 (-0.30%). Trading in Europe opened in the red.
 
European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,091.50 (+2.25%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.61% (+0.000 NCP), the 10-year German Government Bonds is 1.35% (+0.024 NCP), and the 10-year UK Government Bonds is 1.77% (+0.041 NCP).
 
Oil futures morning before the opening of the European trading session adjusted down amid expectations the armistice between Israel and Hamas, the conflict between which caused quite a rally in commodity and commodity markets.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 111.63 (-0.06%), and U.S. crude oil WTI (ICE) 89.09 (-0.21%).
Gold futures morning at 1,733.85 (+0.12%), quotes of copper at
352.65 (-0.28%).
Commodity Index CRB Index for the previous trading day was 292.84 (+1.63%).
 
In the foreign exchange market is a small correction to the strengthening of the U.S. dollar yesterday after a strong weakening of the dollar in the first place against the commodity currencies against the rally in commodity markets. Today, market participants expect the news of the Eurogroup on the allocation of financial aid to Greece next.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.98 (-0.41%).
    
Prediction of the day:
Positive news from the Eurogroup can push up to the level of a pair EURUSD 1.2840-50.
 
Events today:
Moscow time
During the day, the Eurogroup meeting of euro zone
17:30 Canada Wholesale September n / a; 0,3% m / m and 0.5% m / m
17:30 U.S. Building Permits October n / a; 0,87 million, 0.87 million
17:30 U.S. October Construction n / a; 0,85 million, 0.87 million
18:00 U.S. FOMC Statement member Lacker
21:15 Speech by U.S. Fed chairman Bernanke U.S.
 
Sergei Kostenko
 
*Recommendations listed in this article, can not be used as a base for the direct actions.
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We talk about the budget crisis in the U.S., but we can't forget about Greece
 
While investors continue to expect decoupling in talks Obama and the Republican Congress on the issue of the budget crisis, the situation around giving Greece the next tranche of financial assistance is ...
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We talk about the budget crisis in the U.S., but we can't forget about Greece
 
While investors continue to expect decoupling in talks Obama and the Republican Congress on the issue of the budget crisis, the situation around giving Greece the next tranche of financial assistance is characterized by high activity of Athens.
 
The Greek government has taken the decision to ensure budgetary targets and ensuring that the proceeds from the privatization of state property will be used to repay debt. These actions are intended to gain the approval of foreign creditors before an important meeting the eurozone finance ministers, to be held today.
 
It is assumed that at a meeting of the Eurogroup will discuss the debt crisis in Greece, and if approved, then it will be provided with financial assistance in the amount of 30 billion euros ($ 38 billion) to prevent the bankruptcy of the country.
 
As we see it, this is a significant decision will be made as part of Athens in the area of ​​the single currency is not so much an economic necessity as a political act to contain the collapse of the eurozone.
 
Yesterday's good data from the real estate market amid optimism associated with the resolution of the budgetary problems in the U.S., have supported the risk appetite of investors and contributed to a significant weakening of the U.S. dollar. Sales of existing homes came at 4.79M vs. 4.75M forecast value.
 
In our view, if the situation around budget problems in the U.S. will have a positive momentum for the resolution, it is against this background the U.S. dollar will remain under pressure locally.
 
Today we should pay attention to the results of the meeting of Eurogroup on Greece and the speech of the Fed Ben Bernanke.
 
Events today:
Moscow time
During the day, the Eurogroup meeting of euro zone
17:30 Canada Wholesale September n / a; 0,3% m / m and 0.5% m / m
17:30 U.S. Building Permits October n / a; 0,87 million, 0.87 million
17:30 U.S. October Construction n / a; 0,85 million, 0.87 million
18:00 U.S. FOMC Statement member Lacker

21:15 Speech by U.S. Fed chairman Bernanke U.S.

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Obama reassured investors ...
 
The U.S. stock market ended trading on Friday steady growth inspired by rumors about the positive notes of the talks Obama and Congress on how to overcome the budget crisis. Optimism President conveyed to market participants who are hoping for a positive outcome in ...
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Obama reassured investors ...
 
The U.S. stock market ended trading on Friday steady growth inspired by rumors about the positive notes of the talks Obama and Congress on how to overcome the budget crisis. Optimism President conveyed to market participants who are hoping for a positive outcome in the negotiations. The leaders of growth stocks were the technology sector. Paper Research in Motion Ltd and Facebook jumped by 3.13% and 5.41% respectively.
American BKX bank index closed yesterday at 47.15 (+0.64%).
 
U.S. stock indexes for the previous trading day to close at: DJI-12,588.31 (+0.37%); S & P 500 - 1,359.88 (+0.48%); NASDAQ Comp. - 2,853.13 (+0.57%)
On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,369.30 (+0.70%). U.S. markets open growth.
 
Oil futures before opening in New York are growing because of ongoing tension in the Middle East. The conflict between Israelis and Palestinians support a risk premium, contributing to higher prices for crude oil.
Crude futures mark Brent Oil (ICE) day at 110.45 (+1.36%), U.S. crude oil WTI (ICE) 88.21 (+1.46%). Gold futures stood at 1,725.00 (+0.60%), quotes copper at 351.85 (+1.65%).
Goldmann Sachs Commodity Index XOI last session stood at 1172.19 (+0.07%).
 
In the currency market, the continued weakening of the dollar amid expectations of a positive resolution of the situation around the budget crisis. Reduction of tension around the probability of this event promotes buying risk investors.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.09 (-0.27%).
 
Prediction of the day:
Against the background of optimistic news about the prospects of negotiations to overcome the fiscal crisis in the U.S., as well as rising oil prices AUDUSD pair has the potential to grow to a level of 1.0435-45 in the short term.
 
Events today:
Moscow time
19.00 U.S. sales of existing homes in October n / a; 4,76 million, 4.75 million
19.00 U.S. Housing Market Index from November NAHB n / a; 41, 41
 
Sergei Kostenko
 

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

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AUD / USD 
 
News background: 
Negative news about the escalating of the conflict in the Middle East continue to support commodity prices and commodity assets, which in turn positively affects the Australian currency. Due to these events, the couple has a chance to continue its local growth.  ...
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AUD / USD 
 
News background: 
Negative news about the escalating of the conflict in the Middle East continue to support commodity prices and commodity assets, which in turn positively affects the Australian currency. Due to these events, the couple has a chance to continue its local growth. 
  
Technical picture: 
The pair continues to move in the price range of 1.0300-1.0455. Price is above the center line of the Bollinger and EMA 5 and 21. 
LED Stoch. points to the possibility of suspension of local growth due to overbought. RSI provides a buy signal, crossing the line at 50%. 
 
 
Trading recommendations. Buy a pair, if it consolidates above 1.0375 with a likely target 1.0450. 
  
Technical analyst at Forex Bulygina Marina. 

Analytical department of Grand Capital

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