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Forex Analytics GBP/USD: how far can the bulls go? By Kira Iukhtenko British pound benefitted from the broad-based USD weakness last week. GBP/USD surged by more than 400 pips, approaching the 1.5500 resistance – this is the February high. There are a lot of sell-orders clustered in this area, so we expect a pullback to follow in the coming days. Daily RSI confirms that the market has already become overbought. Support is seen at 1.5200 and 1.5080. It's interesting that the pound was massively bought despite the mixed bag of data coming out. US economy rose by only 0.3% in Q1, while retail sales dropped by 0.5% in March. Parliamentary election on May 7 will likely become a good fundamental reason to sell the cable. According to the most recent surveys, Conservative party pushed a bit forward, but the overweight remains small and unstable. Next week we’ll also watch the UK April PMI indices. More:http://fxbazooka.com/en/analitycs/show/4854

Forex Analytics USD/JPY: breakthrough is coming By Elizaveta Belugina On Monday USD/JPY fell below the 100-day MA and spent the rest of the week below this line. Although the bulls probably want to see some moves up, the pair lacks drivers for growth. The tone of the US Federal Reserve was very balanced. The markets worry about the recent stream of weak data and don’t expect the rate hike in June. The Bank of Japan has also left its policy unchanged refraining from additional monetary stimulus. Although Japanese regulator cut inflation forecast for this fiscal year, it wasn’t by much. As a result, nothing provoked big moves of the market. USD/JPY is trapped between 119.30 and 118.50. Technically we see several patterns on the chart: 2 descending triangles – one smaller with resistance drawn through April highs and one bigger with resistance connecting March and April maximums. As for support area, it’s the same for 2: in the 118.50/30 area. The fall below this zone will cause a decline to 117.20/00 – the bottom of the 2-months descending channel and previous lows. Resistance is at 119.75 and 120.00. Japanese economic calendar is almost empty. The nation’s banks will be closed in the first 3 days of the week because of the various holidays. On Thursday there will be some comments from the Bank of Japan, but the real market mover will be the US data releases, especially labor market figures on Wednesday and Friday. More: http://fxbazooka.com/en/analitycs/show/4857

Forex Analytics Danske Bank: trade signals for Apr. 30 Open positions: USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.17, STOP LOSS 118.45 USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2138 (revised) EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250 EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0580 (revised), STOP LOSS 1.0379 GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 185.05, STOP LOSS 181.45 Trade ideas: EUR/USD: BUY at 1.1039, TAKE PROFIT 1.1245, STOP LOSS 1.0959 GBP/USD: BUY at 1.5355, TAKE PROFIT 1.5570, STOP LOSS 1.5288 USD/CHF: SELL at 0.9445, TAKE PROFIT 0.9259, STOP LOSS 0.9516 AUD/USD: BUY at 0.7940, TAKE PROFIT 0.8235, STOP LOSS 0.7833 EUR/JPY: BUY at 131.55, TAKE PROFIT 134.60, STOP LOSS 130.26 EUR/CAD: Possibly BUY NZD/USD: Possibly SELL More: http://fxbazooka.com/en/analitycs/show/4848

Forex Analytics Danske Bank: trade signals for Apr. 29 Open positions:* USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.17, STOP LOSS 118.45 USD/CHF: Hold LONG at 0.9555, TAKE PROFIT 0.9718, STOP LOSS 0.9485 USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2138 (revised) EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250 GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 183.15, STOP LOSS 180.60 Open positions: EUR/USD: BUY AT 1.0935, TAKE PROFIT 1.1052, STOP LOSS 1.0855 GBP/USD: BUY AT 1.5265, TAKE PROFIT 1.5529, STOP LOSS 1.5165 AUD/USD: BUY AT 0.7910, TAKE PROFIT 0.8137, STOP LOSS 0.7835 EUR/JPY: BUY AT 130.10 (revised), TAKE PROFIT 131.87, STOP LOSS 129.30 EUR/CAD: SELL AT 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375 NZD/USD: BUY AT 0.7670 (revised), TAKE PROFIT 0.7890, STOP LOSS 0.7605 More: http://fxbazooka.com/en/analitycs/show/4830

Forex Analytics Forex trading plan for April 29 Wednesday will be an intense day: markets will likely be consolidative ahead of the US releases which will create strong volatility during the American session. The US will release Q1 GDP at 12:30 GMT (forecast: +1.0%), and the Federal Reserve will publish its statement at 18:00 GMT. As the prospects of the US currency look very uncertain, other currencies feel rather well versus the greenback. We don’t expect major changes in the Fed’s policy and think that the impact on the US dollar will be moderately negative. EUR/USD has reached 1.0950. The pair was also driven by some hopes for a closer deal between Greece and its creditors as the Greek negotiating team was reshuffled so that the influence of an aggressive finance minister Yanis Varoufakis has diminished. The pair is trying to overcome the 55-day MA at 1.0930. Daily close above this level will be a bullish signal. Support is at 1.0850 and 1.0786. Resistance is at 1.0995, 1.1050 and 1.1166 (top of the daily Ichimoku). GBP/USD has reached 1.5300 despite the fact that British data showed weaker-than-expected GDP growth in Q1 (only 0.3% vs. 0.6% in the previous quarter). Support is at 1.5177 (100-day MA) and 1.5100. Resistance is at 1.5350 ahead of 1.5500. It seems that the pound has some upside potential before the reversal down. USD/JPY is little changed below 119.25 (55-day MA) and above Monday’s low at 118.77. As long as the pair remains above 118.30, the outlook remains bullish warranting an increase to resistance at 119.70. Still, it may be difficult for the US dollar to hold ground if American GDP disappoints. There’s no further support until 117.20. AUD/USD reached 0.7970 making a break though to the upside. A close above here will strengthen the case for the advance to 0.8030 and then to 0.8250. NZD/USD returned to 0.7700. Traders await the meeting of the Reserve Bank of New Zealand at 21:00 GMT on Wednesday. If the RBNZ keeps rates on hold, as we expect, the pair may rise to 0.7800. There will be an obstacle at 0.7740. More: http://fxbazooka.com/en/analitycs/show/4825

Forex Analytics Danske Bank: signals for April 28 Open positions:* EUR/USD: Hold LONG at 1.0734, TAKE PROFIT 1.0988 (revised), STOP LOSS 1.0783 (revised) USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.17, STOP LOSS 118.45 USD/CHF: Hold LONG at 0.9555, TAKE PROFIT 0.9718, STOP LOSS 0.9485 AUD/USD: Hold LONG at 0.7793, TAKE PROFIT 0.7939, STOP LOSS 0.7703 USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2210 (revised) EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250 EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0495 (revised), STOP LOSS 1.0299 GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 181.80, STOP LOSS 179.60 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7422, STOP LOSS 0.7670 Trade ideas: GBP/USD: Look to BUY EUR/JPY: BUY at 129.20, TAKE PROFIT 130.79, STOP LOSS 128.68 EUR/CAD: SELL at 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375 ____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4812

MARKET NEWS Key option levels 28 April 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0795/1.0800 (EUR 670m), 1.0885 (747m), 1.0900 (400m) GBP/USD: 1.5150 (GBP 257m), 1.5185 (235m), 1.5250 (1.2bln) USD/JPY: 119.00 (USD 530m), 120.00 (610m) USD/CAD: 1.2250 (USD 518m) AUD/USD: 0.7790/0.7800 (AUD 1bln), 0.7830 (300m) NZD/USD: 0.7500 (NZD 565m) EUR/GBP: 0.7190 (EUR 257m), 0.7345 (600M) EUR/JPY: 130.70 (EUR 330m) More: http://fxbazooka.com/en/news/show/2632

Forex Analytics Trading plan for April 28 By Kira Iukhtenko Demand for the US dollar revived on Monday in the global environment of uncertainty. We’ll watch the consumer confidence index on Tuesday (14:00 GMT). Market attention is glued to the Wednesday’s US calendar: there are advance Q1 GDP (12:30 GMT) and FOMC meeting (18:00 GMT) on the schedule. Rate hike expectations will likely fix on September after these releases, so the USD bullish correction is limited. EUR/USD pulled down from the 1.0900 mark as the Greek voes continue to hurt market sentiment. Last week’s Eurogroup meeting failed to bring any progress; negotiations continue. Tomorrow there are no releases on the agenda, while on Wednesday Germany will release its April CPI (forecast: -0.1% vs. 0.5% in March). Support is seen at 1.0710 and 1.0660. GBP/USD retraced from the 1.5150/5200 resistance area (100-day MA, trend line). Break above 1.5200 could open the way to the 1.5500 area, but the direction will get clear after the UK and US Q1 GDP releases and the Fed. UK is scheduled to release its preliminary Q1 GDP tomorrow (forecast: +0.5% vs. +0.6% in Q4). USD/JPY found buying interest at 118.80 and climbed above 119.00 on Monday. Watch Japanese retail sales late on Monday (22:50 GMT). The indicator is expected to have plummeted by more than 7% in March, so we could see more JPY weakness. Another push to 120.00 or 120.50 is expected. By the way, Fitch rating agency downgraded Japan's credit rating from A+ to A over the weekend. AUD/USD is trying to hold above 0.7800. Resistance lies in the 0.7840 (April highs) and at 0.7890 (100-day MA), while support – at 0.7760, 0.7680 and 0.7640/25. RBA governor Stevens will deliver a speech at 22:40 GMT on Monday. More: http://fxbazooka.com/en/analitycs/show/4800

Forex Analytics Westpac: forecasts for FX majors 27 April 2015 Analysts at Westpac released their Forex forecasts: More: http://fxbazooka.com/en/analitycs/show/4783

Forex Analytics Danske Bank: trade signals for April 27 Open positions:* EUR/USD: Hold LONG at 1.0734, TAKE PROFIT 1.0988, STOP LOSS 1.0783 (revised) NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7422, STOP LOSS 0.7670 AUD/USD: Hold LONG at 0.7793, TAKE PROFIT 0.7939, STOP LOSS 0.7703 USD/CAD: Hold SHORT at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2275 EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250 EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0495 (revised), STOP LOSS 1.0299 GBP/JPY: Hold LONG at 180.30, TAKE PROFIT 181.80, STOP LOSS 179.60 Trade ideas: USD/JPY: BUY at 118.72, TAKE PROFIT 120.17, STOP LOSS 118.48 GBP/USD: BUY at 1.5088, TAKE PROFIT 1.5317, STOP LOSS 1.5013 USD/CHF: SELL at 0.9590, TAKE PROFIT 0.9450, STOP LOSS 0.9640 EUR/JPY: BUY at 128.45, TAKE PROFIT 130.79, STOP LOSS 127.85 EUR/CAD: SELL at 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375 ____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4782

MARKET NEWS Key option levels FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0800 (EUR 521m), 1.0900 (1.1bln) GBP/USD: 1.5080/90 (GBP 420m), 1.5200 (264m) USD/JPY: 119.00 (USD 738m), 120.00 (1.8bln) USD/CAD: 1.2000 (USD 700m), 1.2035/50 (700m), 1.2165 (804m), 1.2200 (807m) AUD/USD: 0.7780/90 (AUD 560m) NZD/USD: 0.7575 (NZD 283m). More: http://fxbazooka.com/en/news/show/2626

Forex Analytics Danske Bank: trade signals for Apr. 24 Open positions:* EUR/USD: Hold LONG at 1.0734, TAKE PROFIT 1.0910 (revised), STOP LOSS 1.0659 GBP/USD: Hold LONG at 1.4925, TAKE PROFIT 1.5155, STOP LOSS 1.4955 (revised) EUR/JPY: Hold LONG at 128.40, TAKE PROFIT 130.36, STOP LOSS 127.85 (revised) EUR/GBP: Hold SHORT at 0.7170, TAKE PROFIT 0.6990, STOP LOSS 0.7250 EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0495 (revised), STOP LOSS 1.0299 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7422, STOP LOSS 0.7670 Trade ideas: AUD/USD: BUY at 0.7755, TAKE PROFIT 0.7905, STOP LOSS 0.7675 USD/CAD: SELL at 1.2180, TAKE PROFIT 1.1934, STOP LOSS 1.2275 EUR/CAD: SELL at 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375 GBP/JPY: BUY at 179.30, TAKE PROFIT 180.90, STOP LOSS 178.45 USD/CHF: Possibly SELL _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4757

Forex Analytics Forex trading plan for Apr. 24 By Kira Iukhtenko The greenback came under renewed pressure on Thursday as the bearish news flow from the US disappointed the market. Unemployment claims came out above the forecast (295K), while new home sales disappointed to the downside (only 481K). What is important, April manufacturing PMI disappointed to the downside (54.2), raising fears that slow growth is extending into Q2. We’ll watch US durable goods orders on Friday (forecast – upbeat). EUR/USD trade remains volatile with the pair recovering to 1.0800 in the US opening despite the weaker-than-expected euro block’s PMIs. The pair is still unable to set a clear move. Next resistance lies at 1.0840 and 1.0890/0900, while strong support is seen at 1.0660. Watch April German Ifo business climate index on Friday. Euro group meeting also starts tomorrow – watch the headlines about Greece. GBP/USD holds below the yesterday’s 1.5080 resistance as the March retail sales disappointed to the downside on Thursday (-0.5% vs. +0.4% expected). Cable is struggling to overcome the 55-day MA these days. We see the road open for a test of 1.5150 and 1.5200 in the coming sessions. AUD/USD remains supported, but holds slightly below the 0.7800 mark. Resistance lies at 0.7820 and 0.7915/30. USD/JPY failed to overcome the 120.50 resistance on the wave of broad USD selloff. Support is seen at 119.00 and 118.50. More: http://fxbazooka.com/en/analitycs/show/4753

Forex Analytics Danske Bank: trade signals for Apr. 23 Open positions:* EUR/USD: Hold LONG at 1.073, TAKE PROFIT 1.0888, STOP LOSS 1.0659 USD/JPY: Hold LONG at 119.45, TAKE PROFIT 120.84, STOP LOSS 119.29 (revised) GBP/USD: Hold LONG at 1.4925, TAKE PROFIT 1.5155, STOP LOSS 1.4930 (revised) USD/CHF: Hold LONG at 0.9565, TAKE PROFIT 0.9862 (revised), STOP LOSS 0.9559 (revised) USD/CAD: Hold LONG at 1.2245, TAKE PROFIT 1.2388, STOP LOSS 1.2170 EUR/JPY: Hold LONG at 128.40, TAKE PROFIT 130.36, STOP LOSS 127.42 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7422, STOP LOSS 0.7670 Trade ideas: EUR/CHF: BUY at 1.0350, TAKE PROFIT 1.0508, STOP LOSS 1.0299 EUR/CAD: SELL at 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375 GBP/JPY: BUY at 179.30, TAKE PROFIT 180.90, STOP LOSS 178.45 EUR/GBP: Possibly SELL AUD/USD: Possibly SELL _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4743

Forex Analytics Forex trading plan for April 23 EUR/USD faces resistance in the 1.0775/1.0800 area created by the line connecting December and April highs. This together with concerns about Greece lets us think that the euro remains a sell. Support is at 1.0682, 1.0660 and 1.0640. Don’t miss the release of the euro area’s key manufacturing & services PMIs at 07:00-08:00 GMT. Slightly better readings are expected. GBP/USD rose above last week’s highs testing 1.5080 to meet resistance provided by the daily Ichimoku and 55-day MA. Support is at 1.4860. The Bank of England’s meeting minutes released on Wednesday were regarded as a bit hawkish. Technically the pound looks good in the short term and may rise up to 1.5160. Be cautious with longs though: sterling is going to have hard times ahead of approaching elections. On Thursday Britain will release retail sales and public sector net borrowing data at 08:30 GMT. USD/JPY recovered this week from support at 118.50, but met resistance in the 119.75 area (55-day MA) ahead of 120.35/50. Traders start to speculate about the Bank of Japan’s meeting on April 30, and the pair may retest 120.00. On Thursday watch US new home sales and unemployment claims. AUD/USD is above 20-day MA (0.7680), but below the recent highs (0.7840). Higher-than-expected Australian inflation figures reduced expectations of the Reserve Bank of Australia’s rate cut in May. On Thursday China will release HSBC flash manufacturing PMI at 01:45 GMT. USD/CHF jumped as the SNB announced that pension funds can be subject to negative rates. The pair’s consolidating in the descending triangle, so one may set buy stop and sell stop pending orders near its borders. More: http://fxbazooka.com/en/analitycs/show/4737

Forex Analytics Societe Generale: forecasts for majors 22 April 2015 Here are the fresh forecasts by the largest French bank: More: http://fxbazooka.com/en/analitycs/show/4725

Forex Analytics Danske Bank: trade signals for Apr. 22 Open positions:* EUR/USD: Hold LONG at 1.0734, TAKE PROFIT 1.0888, STOP LOSS 1.0659 USD/JPY: Hold LONG at 119.45, TAKE PROFIT 120.84, STOP LOSS 118.95 GBP/USD: Hold LONG at 1.4925, TAKE PROFIT 1.5155, STOP LOSS 1.4850 USD/CHF: Hold LONG at 0.9565, TAKE PROFIT 0.9770, STOP LOSS 0.9479 USD/CAD: Hold LONG at 1.2245, TAKE PROFIT 1.2388, STOP LOSS 1.2170 EUR/CHF: Hold SHORT at 1.0420, TAKE PROFIT 1.0186 (revised), STOP LOSS 1.0331 NZD/USD: Hold LONG at 0.7655, TAKE PROFIT 0.7809, STOP LOSS 0.7575 Trade ideas: EUR/JPY: BUY at 128.15, TAKE PROFIT 129.75, STOP LOSS 127.35 EUR/GBP: SELL at 0.7215, TAKE PROFIT 0.7093, STOP LOSS 0.7250 EUR/CAD: SELL at 1.3255, TAKE PROFIT 1.2850, STOP LOSS 1.3375 GBP/JPY: BUY at 178.35, TAKE PROFIT 180.90, STOP LOSS 177.45 AUD/USD: Possibly BUY _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4719

MARKET NEWS Key option levels 22 April 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0650 (EUR 375m), 1.0700 (672m), 1.0740 (288m), 1.0800 (1bln); USD/JPY: 119.00 (USD 525m), 121.00 (1bln); USD/CHF: 0.9800 (USD 295m); USD/CAD: 1.2285 (USD 200m), 1.2375/80 (700m); AUD/USD: 0.7655/60 (AUD 225m), 0.7800 (687m); NZD/USD: 0.7500 (NZD 1bln), 0.7800 (686m). More: http://fxbazooka.com/en/news/show/2615

Forex Analytics Forex trading plan for April 22 By Kira Iukhtenko US Dollar The US currency is struggling to recover following the last week’s selloff with the USD index reaching 98.70 on Tuesday. The US corporate profits are coming out slightly better than expected – in comparison to reduced forecasts. This factor could render some support to the US financial markets in the near term. You should also watch the US existing home sales and crude oil inventories on Wednesday. EUR/USD ZEW economic activity indices came out mixed on Tuesday with the German figures missing expectations (53.3 vs. 55.6 expected). On the contrary, euro area index surprised to the upside (64.8 vs. 63.7 expected). Euro zone’s economic calendar is rather light tomorrow, while on Thursday the market will focus on a block of PMI indices. Greek problem will remain on the table this week, pressuring the euro. Volatility could jump with every new headline, so watch the news flow. EUR/USD has already given up 50% of the last week’s gains, falling below 1.0700. Continued USD recovery could put more pressure on the pair. Targets lie at 1.0660 (recent low) and 1.0620 (trend support). GBP/USD Cable follows the market trend, descending from the last week’s peak of 1.5050 (55-day MA). We expect the pair to reach 1.4810/00 area in the coming sessions. On Wednesday, the BOE is scheduled to release its meeting minutes. However, we doubt that many Committee members support a rate hike in the current environment. AUD/USD Watch Australia CPI on Wednesday – consumer prices are expected to have added only 0.1% in Q1 compared to 0.2% in Q4. We expect AUD/USD to stay under pressure: low inflation supports policy-easing expectations on a May 5 meeting. Technical support is seen in the 0.7700/0.7680 area these days. A break lower would open the way back to 0.7600 and 0.7550. USD/JPY The pair was in demand on Tuesday, testing the 55-day MA (119.60) to the upside. Watch the 120.50 resistance line that connects the March and April highs. Japan is scheduled to release March trade balance – deficit is expected to tighten. More: http://fxbazooka.com/en/analitycs/show/4711

Forex Analytics Danske Bank: trade signals for Apr. 21 Open positions:* USD/CHF: Hold LONG at 0.9565, TAKE PROFIT 0.9770, STOP LOSS 0.9479 USD/JPY: Hold SHORT at 119.67, TAKE PROFIT 118.30, STOP LOSS 119.65 GBP/USD: Hold LONG at 1.4925, TAKE PROFIT 1.5155, STOP LOSS 1.4850 NZD/USD: Hold LONG at 0.7655, TAKE PROFIT 0.7809, STOP LOSS 0.7575 EUR/JPY: Hold SHORT at 128.70, TAKE PROFIT 126.08, STOP LOSS 128.85 EUR/CHF: Hold SHORT at 1.0420, TAKE PROFIT 1.0186, STOP LOSS 1.0331 Trade signals: USD/CAD: SELL at 1.2305, TAKE PROFIT 1.2047, STOP LOSS 1.2370 AUD/USD: Possibly SELL EUR/GBP: Possibly SELL EUR/CAD: Possibly SELL GBP/JPY: Possibly BUY _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4692

MARKET NEWS Key option levels 21 April 2015 FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.0730 (EUR 338m), 1.0800/10 (922m), 1.0850 (462m); GBP/USD: 1.4830-35 (GBP 350m); USD/JPY: 118.00 (USD 504m), 118.50 (200m), 118.70 (200m), 121.00 (551m); USD/CAD: 1.2200 (USD 295m), 1.2250 (657m), 1.2300 (350m); AUD/USD: 0.7700 (AUD 261m), 0.7750 (290m), 0.7800/10 (280m), 0.7855/60 (280m); NZD/USD: 0.7600 (NZD 441m), 0.7645 (389m), 0.7800 (813m); EUR/GBP: 0.7225 (EUR 221m); EUR/JPY: 129.00 (EUR 694m); AUD/JPY: 92.85/90/93.00 (AUD 225m). More: http://fxbazooka.com/en/news/show/2612

Forex Analytics Forex trading plan for April 21 US dollar weakened last week on the stream of weaker-than-expected data releases in the US. On Friday, however, bright consumer sentiment provided the greenback some support. As a result, it reached technical support versus some of the major currencies and may strengthen a bit. Still, we don’t speak about the uptrend resumption in USD – for this we need more positive statistics. This week watch US unemployment claims on Thursday and durable goods on Friday. EUR/USD met resistance in the 1.0850 area on Friday and fell approaching 1.0700 on Monday. The pair retraced 61.8% of the decline from April 6 to April 13. Big declines in the euro have paused, but the single currency is still affected by the Greek question: according to the comments of the officials, the nation remains far from the compromise with its creditors. The pair will trade in consolidative fashion until the Eurogroup’s meeting on Friday. Support is at 1.0700 and 1.0650/40. Resistance is at 1.0850 and 1.0920. On Tuesday Germany and the euro area will release economic sentiment data at 09:00 GMT, forecasts are optimistic. GBP/USD spiked up to 1.5050 on Friday forming a shooting star candle on the daily chart. Next resistance is at 1.5163. On the downside pound may test 1.4800. Next support is at 1.4740. The approaching elections remain the negative factor for the cable. Next important event for the pair is release of the Bank of England’s meeting minutes on Wednesday. No votes for a rate hike in the UK are expected. USD/JPY broke below important technical levels last week, but found some support in the 118.50 area. Next support levels lie at 118.30 and 115.00. Resistance is at 119.30 and 119.70. AUD/USD remains near the highest levels since the end of March as Australia released last week some better-than-expected employment data and China reduced reserve requirement ratio on Sunday in an effort to boost lending and economic growth. Support is at 0.7730 and 0.7695. The RBA will release monetary policy meeting minutes at 01:30 GMT. More: http://fxbazooka.com/en/analitycs/show/4677

Forex Analytics CFTC: speculators cut USD longs 20 April 2015 By Kira Iukhenko According to the most recent СFTC report, released on April 17, investors keep on lowering long USD positions. Cost of net USD longs fell by 0.6 bln to $39.7 bln. Dollar longs are contracting for a third week in a row and are now seen at their lowest level since March 17. The greenback is retracing lower versus all the major currencies. Even the EUR shorts corrected lower a little bit. Net speculative positions for CHF, NZD and MXN turned bullish. By the way, peso was one of the strongest drivers for the greenback last week. GBP, JPY and CAD positions remained almost unchanged. The next report will likely reflect loonie’s upside in the second part of the past week. More: http://fxbazooka.com/en/analitycs/show/4674

Forex Analytics Danske Bank: trade signals for Apr. 20 Open positions:* USD/JPY: Hold SHORT at 119.67, TAKE PROFIT 118.30, STOP LOSS 119.78 USD/CHF: Hold SHORT at 0.9749, TAKE PROFIT 0.9450, STOP LOSS 0.9585 AUD/USD: Hold LONG at 0.7740, TAKE PROFIT 0.7905, STOP LOSS 0.7695 EUR/JPY: Hold SHORT at 128.70, TAKE PROFIT 126.08, STOP LOSS 129.45 EUR/CHF: Hold SHORT at 1.0420, TAKE PROFIT 1.0186, STOP LOSS 1.0385 Trade signals: EUR/USD: BUY at 1.0740, TAKE PROFIT 1.0955, STOP LOSS 1.0680 GBP/USD: BUY at 1.4925, TAKE PROFIT 1.5155, STOP LOSS 1.4850 USD/CAD: SELL at 1.2305, TAKE PROFIT 1.2047, STOP LOSS 1.2370 NZD/USD: BUY at 0.7655, TAKE PROFIT 0.7809, STOP LOSS 0.7575 EUR/GBP: Possibly SELL EUR/CAD: Possibly SELL GBP/JPY: Possibly BUY _______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4669

Forex Analytics Is the US dollar rally over? 17 April 2015 By Kira Iukhenko US dollar was hurt by a range of negative news on the past week. As a result, possibility of the Fed’s rate hike in June has once again come under question. According to the most recent Wall Street Journal poll, 65% of surveyed economists expect the first hike to come in September. Such projections limit the bullish USD prospects in the coming weeks. The most important question today is whether the first quarter economic slowdown is seasonal or will become a trend. We need to see the April data to get the answer. On the new week the US economic calendar is rather light. On Monday watch the existing home sales, on Thursday - April manufacturing PMI and on Friday – core durable goods orders. More: http://fxbazooka.com/en/analitycs/show/4644