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Forex Analytics USD/CAD: buy target - 1.4000 17 December 2015 By: Dmitriy Chernovolov USD/CAD reached buy targets levels 1.3600 and 1.3800 Next buy target - 1.4000 USD/CAD has been rising steadily in the last few trading sessions– reaching the resistance levels 1.3600 and 1.3800, both of which were set in our previous forecast as the buy targets for this currency pair. The breakout of the resistance level 1.3800 is likely to accelerate the active impulse 5 of the intermediate impulse wave (3) from the end of November. USD/CAD is likely to rise further toward the next buy target at the round resistance level 1.4000 (target price for the completion of the active impulse wave (3) and the measured price forecast for the earlier breakout of the daily Triangle from September). More: https://fxbazooka.com/en/analitycs/show/7390

Forex Analytics EUR/USD: sell targets - 1.0700 and 1.0800 17 December 2015 By: Dmitriy Chernovolov EUR/USD falling inside minor B-wave Next sell targets - 1.0700 and 1.0800 EUR/USD continues to fall after the recent downward reversal from the resistance zone lying between the resistance level 1.100, the upper daily Bollinger Band and the 38.2% Fibonacci Correction of the previous sharp downward impulse wave from the end of August. The downward reversal from this resistance zone completed the previous B-wave of the active intermediate ABC correction (4) from the start of December. EUR/USD is likely to fall further in the active minor B-wave toward the next sell target at the support level 1.0800 – the breakout of which can lead to further losses toward 1.0700. More: https://fxbazooka.com/en/analitycs/show/7389

Forex Analytics USD/CHF: buy target - 1.0000 16 December 2015 By: Dmitriy Chernovolov USD/CHF reversed from support zone Likely to rise to 1.0000 USD/CHF recently reversed up from the support zone lying between the support level 0.9800 (former strong resistance from September), lower daily Bollinger Band and the Fibonacci cluster made out of the 61.8% Fibonacci Correction of the previous impulse (iii) from October and the 50% Fibonacci Correction of the longer-term upward impulse from August. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer. USD/CHF is likely to rise further in the active impulse waves 3 and (3) toward the next buy target at the parity. Buy stop-loss can be placed below the support level 0.9800. More: https://fxbazooka.com/en/analitycs/show/7381

Forex Analytics Forex trading plan for December 16 By Elizabeth Belugina [Video] [/Video] The main event on Wednesday will be the Federal Reserve’s meeting at 19:00 GMT. The futures market is pricing in about 80% chance of a rate hike. Although US dollar’s net long positions declined in the recent weeks, the total value is still very high. US central bank will likely do its best to make a rate hike as painless for the American economy as possible. As a result, the risk of “buy the rumor, sell the fact scenario” is rather high. Long USD positions into the Fed are risky on this background. On the other hand, traders are preparing for a dovish statement. US dollar index corrected down from 100.00 in the past 2 weeks, and negative pressure on the greenback should be reduced by this fact. The main thing is the forecasts of the FOMC members for further dynamics of the interest rates. If these forecasts presume more than 2 rate hikes in 2016, it will be positive for USD. If the Fed is more hawkish than the market is expecting, USD will strengthen, especially versus the Japanese yen, demand for which will suffer because of the higher yields in the US, and Australian dollar, which has fallen behind the decline in iron ore. If the Fed is not hawkish enough, USD will decline, especially versus the euro, British pound and Canadian dollar. EUR/USD tested higher levels, but the bulls were stopped by the 100-day MA (1.1060). German ZEW economic sentiment rose coming above expectations. Watch European PMIs at 08:00-09:00 GMT. Support is at 1.0950, 1.0915/00, 1.0880 and 1.0800. Above 1.1060 we watch 1.1115. USD/JPY testing levels above 121.35. A fix here will open the way up to 121.85/122.Support is at 120.60 and 120.00. GBP/USD rose after US CPI, but is still limited by resistances at 1.5200/40/80. Britain will release labor market data at 09:30 GMT. Pay special attention to average earnings index as it is linked to inflation and inflation, in turn, largely determines the Bank of England’s policy. The forecast is negative. Support is at 1.5100, 1.5050 and 1.4950. AUD/USD met resistance at 0.7280 and declined. Support at 0.7180/60 is in focus ahead of 0.7090 and 0.7000. More: https://fxbazooka.com/en/analitycs/show/7372

Forex Analytics AUD/NZD: Likely to fall to 1.0500 15 December 2015 By: Dmitriy Chernovolov AUD/NZD falling inside impulse waves (3) and ③ Likely to fall to 1.0500 AUD/NZD has been falling sharply in the last 2 weeks inside the active primary impulse wave ③. This impulse wave started in November – when the previous primary ABC correction ② was stopped by the resistance zone lying between the resistance level 1.1100, the upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward impulse wave ① from August. AUD/NZD is likely to continue to fall in the active impulse waves (3) and ③ toward the next sell target at the pivotal support level 1.0500 (which stopped the previous impulse wave ① in October). More: https://fxbazooka.com/en/analitycs/show/7369

Forex Analytics GBP/NZD: sell target - 2.2000 15 December 2015 By: Dmitriy Chernovolov GBP/NZD broke support level 2.2600 Next sell target - 2.2000 GBP/NZD continues to fall after the recent breakout of the support level 2.2600 (which earlier reversed previous waves 3 and (A) in October, as you can see below). The breakout of the support level 2.2600 is likely to accelerate the active minor impulse wave 3, which belongs to the sharp intermediate ©-wave – which, in turn, belongs to the primary ABC correction ② from the end of August. GBP/NZD is likely to fall further in the active waves 3, © and ② toward the next sell target at the support level 2.2000. Sell stop-loss can be placed at half the daily ATR (Average True Range) above the resistance level 2.2600. More: https://fxbazooka.com/en/analitycs/show/7368

Forex Analytics Forex trading plan for December 15 By Elizabeth Belugina [Video] [/Video] The market is waiting for the Fed’s meeting on Wednesday. Falling oil is the main newsmaker. EUR/USD: The pair remained last week below the resistance at 1.1030 (200-day MA). Below 1.0950 the euro will slide to 1.0915 and 1.0880. Rise above 1.1030 will provoke another round of short covering and open the way to 1.1115 (61.8% Fibo of decline from October high). Watch German ZEW economic sentiment at 10:00 GMT (forecast is positive). GBP/USD: The pair is forming bearish engulfing candle on the daily chart, so the pound is vulnerable for a decline to 1.5030/00. There’s some support at 1.5107/00 (October low). Pound was sold on some dovish comments from the Bank of England and weak oil. Britain will release a block of inflation data at 09:30 GMT. Resistance is at 1.5200/30 and 1.5270 (daily Ichimoku Cloud). USD/JPY: The pair found support in the 120.60 area. We expect an increase from here, but think that the pair will meet new selling pressure on recoveries to 121.05 and 121.50/60. Cautious risk sentiment and good data from Japan created demand for the yen. Below 120.60 support is at 120.22/00. AUD/USD: The pair managed to return above the 100-day MA at 0.7188. The 55-day MA is about to cross this line to the upside that will be a positive sign. However, a lower high formed last week mean that selling pressure will persist. The minutes of the Reserve Bank of Australia’s meeting will be released at 00:30 GMT. Resistance is still at 0.7250 and 0.7280. Falling commodity prices won’t allow Aussie to recover much from here, so the potential trade involves selling at resistance. More: https://fxbazooka.com/en/analitycs/show/7361

Forex Analytics USD/JPY: forecast for December 14-20 By Elizabeth Belugina USD/JPY broke below the bottom of its monthly range in the 122.20 area. Lower commodity prices increased demand for the yen as a safe haven making the pair decline. In addition, there were some positive surprises in Japan’s economic statistics. The best news was that Japanese GDP growth for Q3 was revised up from -0.2% to +0.3%. As a result, the nation is no longer in technical recession. Pay attention to Japanese Tankan manufacturing & services indexes on Monday. On Friday there will be the Bank of Japan’s meeting and press conference. The central bank is expected to keep monetary policy unchanged, and that should support the yen. The upcoming meeting of the Federal Reserve on Wednesday will surely also influence the pair: the impact of the rate hike should be positive in the short term, though we don’t think that it will give dollar much strength. Support is at 121.45 (top of the weekly Ichimoku Cloud). Failure here will bring the pair down to 120.70, 120.20 opening the way down to 119.00. Resistanceisat 123.60. More: https://fxbazooka.com/en/analitycs/show/7341

Forex Analytics EUR/USD: forecast for December 14-20 By Elizabeth Belugina EUR/USD tested higher levels in the past week, though remained below important resistance marks. The market’s attention will be focused on the upcoming meeting of the Federal Reserve. Although we don’t expect so see big bullish drivers for the American currency, we can’t forget that a rate hike, even small, will once again increase divergence in monetary policy between the Fed and the ECB. This divergence is in favor of the US dollar. The past week gave no important information about the euro zone’s economy. Next week the most important events in the European economic calendar will be flash manufacturing and services PMIs on Wednesday, because it’s the most recent and fresh data. Also watch German releases: ZEW economic sentiment on Tuesday and Ifo business climate on Friday. Remember that high euro will be very unwelcome by the European Central Bank: the policymakers will have to intervene, at least verbally, if the advance continues. There are still many resistance levels on the upside: daily MAs, bottom of the daily Ichimoku Cloud at 1.1060, 61.8% Fibo of the October-November decline at 1.1115 and 1.1215/40 (weekly Ichimoku Cloud bottom). Supportisat 1.0880, 1.0800 and 1.0735. More: https://fxbazooka.com/en/analitycs/show/7342

Forex Analytics USD: forecast for December 14-20 By Elizabeth Belugina US dollar was rather weak during the past week. Traders and speculators have been obviously adjusting their positions ahead of the Federal Reserve’s meeting and the year-end. The greenback did strengthen though versus commodity currencies, especially Canadian dollar, as oil prices renewed multiyear minimums still affected by OPEC decision not to cut production. Still, other central banks – the Swiss National Bank and the Reserve Bank of New Zealand – didn’t ease policy and it helped their currencies to hold ground versus the US dollar. As a result, the US dollar index, which was rejected down from the key 100.00 area, slid to the levels just above 97.00. The long-awaited Fed’s meeting will finally take place next week on Wednesday. The market is now quite sure that the US central bank will deliver a rate hike. According to the Fed fund futures, the possibility of the Federal Reserve raising rates this month accounts for 85%. It seems likely that the Fed’s meeting won’t give the US dollar much strength as the process of monetary tightening in the US will likely be slow and gradual. American regulator will try to make policy tightening as painless for the economy as possible. At the same time, the risks of a squeeze down in USD on a dovish Fed have reduced as well: firstly, the positioning is less long on USD, and, secondly, the Fed probably won’t express that big concerns about how expensive the greenback is. All in all, there are chances that the market’s reaction to the Fed’s rate decision will be rather calm. Other important economic releases can be seen in our economic calendar. More: https://fxbazooka.com/en/analitycs/show/7343

Forex Analytics GBP/USD: forecast for December 14-20 By Elizabeth Belugina British pound had another volatile week. Cable fell as British manufacturing production declined more than expected. Then GBP/USD formed a higher low in the 1.4955 area and then recovered to 1.5200. The Bank of England left policy unchanged underlining that inflation in the UK is low because of the fall in oil prices. 8 policymakers voted to keep the benchmark rate unchanged at 0.5%. According to its forecast, headline inflation will remain below 1.0% during the first half of 2016. Oil prices decline is negative for the pound. Next week pay attention to British consumer inflation figures on Tuesday, labor market figures on Wednesday and retail sales on Thursday. Technically support in 1.5000/1.4950 area once again proved to be strong: the price quickly bounced from these levels. There’s some space for increase to 1.5300 area, but to gain beyond that pound needs brighter economic figures and recovery in oil. We expect high volatility to persist and the bears to keep trying to pull British pound lower. More: https://fxbazooka.com/en/analitycs/show/7340

Forex Analytics EUR/CAD: buy target - 1.5200 11 December 2015 By: Dmitriy Chernovolov EUR/CAD reached buy targets 1.4800 and 1.4900 Next buy target - 1.5200 EUR/CAD has been rising sharply in the last few trading sessions – breaking through the two consecutive resistance levels 1.4800 and 1.4900 – both of which were set as the buy targets in our earlier forecast for this currency pair. The breakout of these resistance levels further accelerated the active intermediate ©-wave from the start of December – which is indicated by the rising daily Momentum indicator. The pair is currently approaching the round resistance level 1.5000. If the price breaks above this price level - EUR/CAD can then rise toward the next buy target at the resistance level 1.5200 (which stopped the B-wave of the previous ABC correction ( from August). More: https://fxbazooka.com/en/analitycs/show/7339

Forex Analytics GBP/CAD: buy targets - 2.0800 and 2.1000 11 December 2015, 09:49Comments: 0 By: Dmitriy Chernovolov GBP/CAD reached buy target 2.0600 Next buy targets - 2.0800 and 2.1000 GBP/CAD recently rose sharply – breaking through the resistance level 2.0600, which was set as the buy target in our previous forecast for this currency pair. The breakout of the resistance level 2.0600 is likely to accelerate the active intermediate impulse wave (3) – which recently broke the resistance level 2.0290 and the daily Triangle from September. GBP/CAD is likely to rise further in the active impulse waves (3) and ③ toward the next buy target at the resistance level 2.0800 – the breakout of which can lead to further gains toward 2.1000 (measured price forecast for the breakout of the aforementioned Triangle). More: https://fxbazooka.com/en/analitycs/show/7338

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Forex Analytics Forex trading plan for December 10 [Video] [/Video] Oil prices returned above $40 per barrel after declining to $39.80 on Tuesday, but remained under pressure. US dollar index fell approaching December 3 lows (97.60) as American currency was hit versus the euro and Japanese yen. EUR/USD rose to 1.0980. Germany’s trade surplus rose exceeding expectations. A break higher will bring the single currency to resistance at 1.1050 and 1.1100. Support is at 1.0850, 1.0800 and 1.0760. GBP/USD went up above 1.5100. The Bank of England will announce its policy decision at 12:00 GMT. No changes are expected. Above 1.5110 there is potential for increase to 1.5160 and 1.5190. Support is at 1.5030/00. USD/JPY fell below the bottom of its monthly range. Japanese yen was in demand on the back of the market’s risk aversion and news that Japanese core machinery order jumped by 10.7%, while a decline of 1.5% was expected. Daily close below 122.20 will be a negative sign, though there will be still support at 121.50. Failure here will open the way down to 120.85 and probably lower (119.50). Resistance is at 122.35 and 123.00. AUD/USD tested 0.7172 on the downside, but then returned to the 0.7200 area. Australia will release labor market data at 00:30 GMT on Thursday, the forecast is negative. Resistance is at 0.7250 and 0.7280 and we prepare to sell Aussie at these levels. Support is at 0.7200 and 0.7155. NZD/USD is holding above the 0.6600 support. Most economists expect the Reserve Bank of New Zealand to cut rate late on Wednesday. The meeting will be followed by 2 speeches of the RBNZ Governor Wheeler (20:05 GMT on Wednesday and 00:10 GMT on Thursday). What Wheeler says is going to be very important for the pair. Support is at 0.6500 (trend line), while resistance lies at 0.6687 and 0.6787. More: https://fxbazooka.com/en/analitycs/show/7322

Forex Analytics EUR/AUD: buy targets - 1.5200 and 1.5400 9 December 2015 By: Dmitriy Chernovolov EUR/AUD broke resistance level 1.5000 Next buy targets - 1.5200 and 1.5400 EUR/AUD has been rising steadily in the last few trading sessions – inside the intermediate ©-wave - which started recently – when the pair reversed up with the daily Japanese candlesticks reversal pattern Hammer from the support zone lying between the support level 1.4400 and the support trendline of the recent daily down channel from September. The pair then broke the aforementioned down channel and the round resistance level 1.5000. EUR/AUD is likely to rise further toward the next buy targets at the next resistance levels 1.5200 and 1.5400. Buy stop-loss can be placed at half the daily ATR (Average True Range) below the recently broken price level 1.5000. More: https://fxbazooka.com/en/analitycs/show/7319

Forex Analytics GBP/CAD: buy target - 2.0600 9 December 2015 By: Dmitriy Chernovolov GBP/CAD broke strong resistance level 2.0290 Next buy target - 2.0600 GBP/CAD continues to rise after the recent breakout of the strong resistance level 2.0290 (which reversed earlier waves (1) and B and which is the upper boundary of the sideways price range inside which the pair has been moving from the middle of October, as you can see below). The price earlier reversed up from the round support level 2.0000 (lower boundary of the aforementioned price range) – starting the active impulse wave (3) – which recently broke the daily Triangle from September. GBP/CAD is likely to rise further in the active impulse waves (3) and ③ toward the next buy target at the resistance level 2.0600. More: https://fxbazooka.com/en/analitycs/show/7320

Forex Analytics Danske Bank: trade signals for December 9 Open positions: EUR/USD: Hold SHORT at 1.1008, TAKE PROFIT 1.0646, STOP LOSS 1.1130 USD/JPY: Hold LONG at 123.00, TAKE PROFIT 124.63, STOP LOSS 122.19 USD/CHF: Hold LONG at 0.9980, TAKE PROFIT 1.0266, STOP LOSS 0.9869 AUD/USD: Hold LONG at 0.7225, TAKE PROFIT 0.7450, STOP LOSS 0.7150 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3633 (revised), STOP LOSS 1.3429 (revised) NZD/USD: Hold LONG at 0.6640, TAKE PROFIT 0.6792, STOP LOSS 0.6590 EUR/GBP: Hold LONG at 0.7180, TAKE PROFIT 0.7377, STOP LOSS 0.7145 Trade ideas: GBP/USD: SELL at 1.5040, TAKE PROFIT 1.4895, STOP LOSS 1.5125 EUR/JPY: BUY at 132.75, TAKE PROFIT 136.39, STOP LOSS 130.95 EUR/CHF: Possibly BUY EUR/CAD: Possibly BUY GBP/JPY: Possibly SELL _________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://fxbazooka.com/en/analitycs/show/7317

Forex Analytics Forex trading plan for December 9 EUR/USD is trading in the 1.0880/00 area. German industrial production rose less than expected, and the euro area’s Sentix investor confidence index missed expectations as well. Still, there are no market moving news from either the euro area or the United States that will give traders new food for thoughts for traders. The same will be on Wednesday. Resistance is at 1.0900, 1.0985 (55-day MA) and 1.1030/50. Support is at 1.0795 (Monday low) and 1.0760 (November 19 high). GBP/USD slid below 1.5000. British manufacturing production contracted by 0.4% in October. Support is at 1.4950, 1.4888 and 1.4850. Resistance is at 1.5030, 1.5100 and 1.5150. USD/JPY fell to 123.00. Japanese Q3 GDP was revised to the upside. This together with the market’s risk aversion gave the yen the reason to strengthen. Levels of 120.50/20 are now in focus. Resistance is at 123.60. AUD/USD dipped to 0.7200 breaking the short-term uptrend to the downside. Chinese trade data came out weak. China will release inflation figures on Wednesday morning. AUD/USD erased 50% of the advance from November lows. Next support is at 0.7155. Aussie’s divergence with the fallen iron ore is starting to influence the pair. Resistance is at 0.7250 and 0.7280. The Reserve Bank of New Zealand will meet late on Wednesday (20:00 GMT). Manufacturing activity data released on Monday surprised to the upside, but the market is expecting the RBNZ to cut the benchmark rate by 25 bps. Among the arguments for such scenario are low commodity prices, mixed state of New Zealand’s economy and the sense that the upcoming increase in the Federal Reserve’s rate is already priced in USD rate. Support is at 0.6575 and 0.6515/00. If the RBNZ follows Australian and Canadian central banks and leaves rate unchanged, NZD/USD can jump to 0.6680 and 0.6750. It will be also important what the RBNZ signals about the further changes in the interest rate. More: https://fxbazooka.com/en/analitycs/show/7311

Forex Analytics US Dollar: forecast for Nov 30 - Dec 6 By Kira Iukhtenko The coming December will likely be an intense month for the financial markets. The US Fed will hold its policy meeting on December 16 – an initial rate hike is very likely. These expectations create a strong bullish risk for the US currency. The USD index is hovering slightly below the March highs of 100 points. The US economic calendar on the new week is busy. Currency market will likely react on every positive headline. Watch the Manufacturing PMI on Tuesday. On Wednesday, a range of the Fed’s officials will deliver their speeches. All the recent comments were bullish. On Thursday, the Fed’s chief Yellen will deliver a speech. On Friday, markets will focus on the November labor market report. The October data was highly positive, so there is potential for more bullish surprises. To sum up, the US dollar is a BUY on the coming week. More: https://fxbazooka.com/en/analitycs/show/7201

Forex Analytics USD/JPY: forecast for Nov 30 - Dec 6 Elizabeth Belugina During the past week USD/JPY was consolidative, but under pressure. The market’s risk sentiment was hit as Turkey shot down a Russian jet in Syria. There’s a defined short-term resistance on H4 which is currently in the 122.60 area. Support is at 122.20, 122.00, 121.80 and 121.50. Further resistance is at 122.90/123.00, 123.17, 123.40 and 123.60. Let’s have a look at the events in Japan: economic figures here came out mixed. Japanese core consumer prices fell for the third month in a row. Household spending also contracted. However, the nation’s unemployment rate fell to the minimum since 1995 at 3.1%, and that’s a positive development. As we have been able to see in the latest months, Japanese data doesn’t have strong impact on the pair. No new measures are expected from the Bank of Japan in the coming months, and it’s still a factor limiting USD/JPY on the upside. Next week there will be data of minor importance released in Japan. Pay most attention to the retail sales figures on Monday. The pair can draw strength only from good data from the United States, in particular, if nonfarm payrolls, due on Friday, December 4, are bright. In addition, China will release manufacturing and services PMIs on Tuesday. The data will influence the market’s risk sentiment and, consequently, the dynamics of USD/JPY. More: https://fxbazooka.com/en/analitycs/show/7199

Forex Analytics EUR/USD: forecast for Nov 30 - Dec 6 Elizabeth Belugina Traders await the meeting and the press conference of the European Central Bank on Thursday. EUR/USD found support in the psychologically important 1.0600 area as the expectations of additional monetary easing are largely priced in. During the past week there were reports that the ECB is considering two-tier deposit rate cut.It means that the regulator can make bigger deposit rate cuts for some banks in the euro area. Such approach can actually have a milder effect on the euro, because if the ECB charges the wholesale banks and not the retail ones with negative deposit rates, monetary outflow from the region won’t be very strong. Still, we continue to believe that the ECB will make sure that any correction up in the single currency will be only temporary: the central bank doesn’t need high currency as it may ruin the fragile economic recovery of the euro area. The ECB might increase monthly QE purchases and prolong the program. The divergence in monetary policy between the ECB and the US Federal Reserve will be helpful for the European central bank. We recommend staying cautious in the current environment of various expectations and confused market. Next week the market will be very nervous. If spots are violated, we may get a sharp move to the downside even ahead of the ECB meeting. A daily close below 1.0600 or better 1.0580 is needed to confirm that the downtrend has resumed. In this case the targets will be 1.0520, 1.0480 and 1.0400. Traders will beware of ‘sell the rumors, buy the fact’ scenario. If a bigger correction to the upside materializes, a short squeeze and an increase above 1.0655 can take the pair up to 1.0715, 1.0760 and finally 1.0830/50 – an area, which will limit the upside and represent a place to enter new shorts. Be especially careful during Mario Draghi’s press conference on Thursday: there’s a high risk of spikes and volatile moves. Another possible trade apart from EUR/USD may be selling EUR/JPY below 129.60 as the euro zone’s and Japan’s policies are currently diverging as well. In addition, don’t forget that the impact on EUR/USD may also come from the United States: American employment data on Friday will also be a market mover. You may learn more about that from our US dollar weekly outlook. More: https://fxbazooka.com/en/analitycs/show/7198

Forex Analytics GBP/USD: forecast for Nov 30 - Dec 6 By Kira Iukhtenko As we expected last week, GBP/USD extended the downside and approached the 1.5000 mark. This is a strong support now – the price has already been here in early November. Decline could slow down here for a while, but we remain bearish for the cable in the medium-term. Break below 1.50 would open the way to 1.49 – and this is the lower boarder of the current bearish channel. In the medium-term, the pair is expected to depreciate towards 1.45. There are fundamental reasons for a cheaper pound versus the US dollar: policy divergence between the Bank of England and the Federal Reserve is now on the rise. The BOE Governor Marc Carney sounded dovish last week, stating the UK interest rates could stay low for a prolonged period. Forward contracts based on GBP aren’t pricing a BOE interest-rate increase until after January 2017. Conversely, the Fed is now widely expected to hike in December. This picture is strongly negative for the cable in the coming weeks. As for the economic calendar, on the new week pay attention to the BOE Financial Stability report and Carney’s speech on Tuesday. A range of November PMIs is on the schedule: Manufacturing index on Tuesday, Construction index on Wednesday and Services index on Thursday. On Friday, all the financial markets will be focused on the US NFP. More: https://fxbazooka.com/en/analitycs/show/7200

Forex Analytics Danske Bank: trade signals for November 27 Open positions: EUR/USD: Hold SHORT at 1.0720, TAKE PROFIT 1.0458, STOP LOSS 1.0766 USD/JPY: Hold LONG at 123.00, TAKE PROFIT 124.63, STOP LOSS 122.19 GBP/USD: Hold SHORT at 1.5170, TAKE PROFIT 1.4960, STOP LOSS 1.5170 (revised) USD/CHF: Hold LONG at 0.9820, TAKE PROFIT 1.0310, STOP LOSS 1.0139 AUD/USD: Hold LONG at 0.7125, TAKE PROFIT 0.7382, STOP LOSS 0.7149 USD/CAD: Hold LONG at 1.3150, TAKE PROFIT 1.3557, STOP LOSS 1.3240 (revised) EUR/JPY: Hold SHORT at 133.35, TAKE PROFIT 129.62, STOP LOSS 131.11 EUR/CHF: Hold LONG at 1.0830, TAKE PROFIT 1.0950, STOP LOSS 1.0785 EUR/CAD: Hold SHORT at 1.4285, TAKE PROFIT 1.3993, STOP LOSS 1.4215 (revised) GBP/JPY: Hold LONG at 185.15, TAKE PROFIT 188.81, STOP LOSS 184.15 NZD/USD: Hold LONG at 0.6520, TAKE PROFIT 0.6643, STOP LOSS 0.6540 (revised) Trade ideas: EUR/GBP: SELL at 0.7065, TAKE PROFIT 0.6936, STOP LOSS 0.7115 __________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: https://fxbazooka.com/en/analitycs/show/7193