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internationallove

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  1. Market Analytics:FBS Markets Inc. May 17: Asian session US dollar was near a 10-month high versus a basket of currencies after John Williams, San Francisco FRB president said the central bank may begin to taper its asset buying this summer. USD/JPY keeps consolidating around 102.30. Japan’s core machinery orders added 14.2% (forecast: 3.1%). AUD/USD fell to new 11-month low at 0.9736. NZD/USD slid to $0.8087. AUD and NZD were sold heavily from multiple sources today. EUR/USD is trading in the negative territory around $1.2865. Market sentiment remains bearish but the pair still holds slightly above the recent lows at $1.2840, supported by the downbeat US figures released this week. Today there are no market-moving events on the euro zone’s agenda. GBP/USD returned to $1.5250 after the yesterday’s rebound above $1.5300. USD/CAD strengthened to 1.0220. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-05-17/22744-may-17-asian-session
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  3. Market Analytics:FBS Markets Inc. USD/JPY: bulls taking profit below 103.00 Let’s have a brief look at USD/JPY. Rally slowed following the yesterday’s strong Japanese preliminary GDP and the downbeat US data. The pair is now trading a bit below the yesterday’s high at 102.75, but bulls keep strengthening. Most economists expect USD/JPY growth to continue in the near term. Analysts at BTMU say the pair is taking a breather after its recent sharp rise. According to analysts at Mizuho Securities, the current profit-taking in USD/JPY is also caused by the slide in the Nikkei stock average, which fell 1.1% to below the 15,000 line breached Wednesday. Analysts say eyes are now on further US releases: today watch the April CPI and housing starts, as well as weekly jobless claims later in the day. Chart. Daily USD/JPY Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-05-16/22740-usdjpy-bulls-taking-profit-below-10300
  4. Market Analytics:FBS Markets Inc. May 16: Asian session EUR/USD is trading in the negative territory below $1.2900 before a CPI release may show inflation in the euro zone was the slowest in three years, what would confirm the expectations of the ECB rate cut. Yesterday the single currency renewed a 6-week low as euro zone’s GDP release confirmed the economy stays in recession for sixth quarters. USD/JPY is consolidating above 102.00. Yen strengthened a bit after Japanese preliminary Q2 GDP expanded by 0.9% (forecast: 0.7%; prev.: 0.0%). AUD/USD is trading below $0.9900, close to 11-month low after signs of slowdown in the global economy weighed on commodity prices dimming the outlook for Australian exports. NZD/USD reached $0.8270, but is now trading around $0.8245. New Zealand’s budget didn’t bring any surprises. According to Moody’s, the nation’s ‘budget trajectory’ is supportive of AAA rating. GBP/USD is consolidating around $1.5230 following the yesterday’s dip to $1.5170. USD/CAD hovers around the 1.0200 mark. Loonie recovered a bit on the weak US data, released yesterday. USD/CHF spiked up to 0.9747 yesterday and is currently trading around 0.9660. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-05-16/22739-may-16-asian-session
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  6. Market Analytics:FBS Markets Inc. AUD/USD extended losses Australian dollar extends losses for 8 days in a row: today AUD/USD tested a fresh yearly low of $0.9850. Downside slowed after the pair met the 200-week SMA at $0.9870. The picture remains bearish: for now the upside is capped at the parity level. A break below the today’s low would be a new selling signal with a target of $0.9800. As can be seen from the daily chart, the pair is oversold. Some consolidation may be needed before a decisive break below the 200-week SMA. Commerzbank analysts warn of corrective rebounds, but expect the $1.0000/15 level to offer a good resistance. Chart. Daily AUD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-15/22736-audusd-extended-losses
  7. Market Analytics:FBS Markets Inc. May 15: Asian session EUR/USD has finally made a new monthly low of $1.2910 on Tuesday. Today euro is trading in the positive territory around $1.2930 on the back of the weaker US dollar. Fitch rating agency yesterday raised Greece’s rating to B- from CCC. Economic calendar is busy today: pay special attention to the German and euro zone’s GDP. USD/JPY is trading above 102 after reaching 102.43. Weaker yen helped Japan’s Nikkei share average rise above the psychologically key 15,000 threshold for the first time since January 2008. AUD/USD is trading a bit above 11-month low of $0.9876 hit yesterday as the premium the nation’s bonds offer over US debt declined to the minimal level in a year reducing Aussie’s attractiveness as a higher-yielding currency. Australian stocks fell due to the weakness in mining firms. NZD/USD is just above $0.8200 due to weaker than expected New Zealand’s retail sales released on Monday and broad USD strength. GBP/USD is trading at $1.5225 after having closed at a fresh low of $1.5200 on Tuesday. Today the Bank of England will present its updated inflation forecasts. USD/CAD rose to 1.0190 on falling oil prices. USD/CHF rose to 0.9674 today and is testing the levels above the 200-week MA. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-15/22732-may-15-asian-session
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  9. Market Analytics:FBS Markets Inc. AUD/USD tries to recover Dynamics of the Australian dollar looks impressive: AUD/USD slipped by more than 400 pips since the beginning of May. The unexpected RBA rate cut on May 7 drove the pair below parity. Today the pair is trading in the positive territory after having tested a new low at $0.9940 (lowest since June 2012) on Monday. However, the parity level remains a strong resistance for the Aussie bulls. Our outlook turned bearish as Aussie broke below the $1.0115 range support and was confirmed by a break below $1.0000. Given the dovish RBA, improved US prospects and reduced confidence in China, our next targets lie at $0.9900 and $0.9820 (200-week EMA). In case of a recovery, we recommend selling the pair on rallies. Analysts at RBS concede a short-term rebound to $1.0200, but stay bearish in a medium term. Australia will release its annual budget at 09:30 GMT. The nation is expected to announce $A 17 bln deficit in 2012/13. For 2013/14 the forecasted deficit is around $A 11 bln. In case of negative surprises in the budget AUD selling could increase significantly. Chart. Daily AUD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-14/22726-aussie-tries-recover
  10. Market Analytics:FBS Markets Inc. May 14: Asian session Asian stocks rose, boosting demand for higher-yielding assets. USD/JPY slid to 101.40 after reaching 102.15 yesterday, while Australian and New Zealand’s currencies strengthened. AUD/USD is currently trying to return to the parity after touching an 11-month low of $0.9940 yesterday. NZD/USD returned to the levels just under $0.8300 after testing $0.8230 yesterday. New Zealand’s retail sales added 0.5% in Q2 vs. 0.9% growth expected. Don’t miss the release of Australian budget at 09:30 GMT. EUR/USD holds above the $1.3000 mark. Yesterday Cyprus received its first emergency aid payment and Greece won approval of 7.5B euro ($9.7 billion) of rescue loans. Italy’s 3-year debt auction with costs lowest since January lowered concerns about the country's prospects. However, the pair’s rebound was capped by the $1.3020 mark. Today’s euro zone’s agenda is busy with important data releases. GBP/USD is trading around $1.531. Cable dipped below $1.5300 on Monday after a US report showed retail sales unexpectedly increased in April. USD/CAD is trading in the red around 1.0100. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-14/22725-may-14-asian-session
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  12. Market Analytics:FBS Markets Inc. FX majors from top forecasters Here are the forecasts for EUR/USD, GBP/USD, USD/JPY, USD/CHF and EUR/JPY from top forecasters. Data were submitted on May 10. Source: FX Week Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-13/22721-fx-majors-top-forecasters
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  14. "FBS Pro" Contest! Top 10 contestants of “FBS Pro” Demo Contest. Become a true professional of Forex and learn how to trade only profitably Participants Contest conditions: Terms of “FBS Pro” reward: We wish you success and financial freedom with FBS! FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) Best Forex Broker Asia 2012 FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
  15. Market Analytics:FBS Markets Inc. EUR/USD: technical update After climbing to $1.3175 EUR/USD retraced back towards the $1.3150 mark. Euro bulls remain weak even despite successful Spanish short-term bond auction. In our view, it makes sense to sell EUR/USD on rallies. Short-term support is seen at $1.3130/20 and $1.3100. Slide below the last level would be a selling signal. A break above $1.3250 would open the way for further euro’s appreciation. However, for now the upside remains capped by the strong resistance at $1.3200 and $1.3240. Chart. H4 EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-09/22715-eurusd-technical-update
  16. Market Analytics:FBS Markets Inc. 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 (14:00 GMT). Here are the key options expiring today: USD/JPY: 98.00, 98.50, 98.75, 98.85, 99.00, 99.50, 100.00 EUR/USD: $1.3000, $1.3050, $1.3075, $1.3085, $1.3100, $1.3125, $1,3150, $1.3155, $1.3200 GBP/USD: $1.5375 AUD/USD: $1.0160, $1.0200, $1.0225, $1.0235, $1.0255 AUD/JPY: 103.50 EUR/CHF: 1.2350 Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-04-22/22586-key-options-expiring-today
  17. Market Analytics:FBS Markets Inc. May 9: Asian session New Zealand and Australia released unexpectedly strong employment figures today. As a result, AUD/USD rebounded to $1.0270, while NZD/USD – to $0.8480. China CPI increased by 2.4% y/y, slightly above consensus and previous at +2.1%. USD/JPY failed to close above 99.00 yesterday and is now trading at 98.75. EUR/USD is consolidating around $1.3150 ahead of the ECB Monthly Report due later. There are no other important events on the agenda. Today the European Banks are closed in observance of Ascension Day. GBP/USD is trading at $1.5550 ahead of the BoE policy meeting at 11:00 GMT. The regulator is expected to remain on hold. USD/CAD slipped to 1.0020. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-09/22711-may-9-asian-session
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  19. Market Analytics:FBS Markets Inc. AUD/USD recovered to $1.0200 AUD/USD recovered back to $1.0200 after having touched a fresh two-month low at $1.0160. The next sell orders are seen at $1.0220 and $1.0250, while buy orders lie at $1.0180, $1.0150 and $1.0120. The overall technical picture remains negative. However, strategists at Bank of New Zealand expect the $1.0115 support to hold the downside in AUD/USD. Specialists doubt that there will be another RBA rate cut. Chart. Daily AUD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-08/22706-audusd-recovered-10200
  20. Market Analytics:FBS Markets Inc. May 8: Asian session NZD/USD was the biggest mover of the day: the pair dropped by 100 pips to 0.8360, but then recovered to 0.8400. RBNZ Governor Wheeler said at the news conference that kiwi is overvalued and that there is scope for a rate cut. He also announced that RBNZ had, in fact, sold New Zealand dollars as an intervention strategy to ‘take the top of the rallies’. AUD/USD recovered to $1.0190 after having tested a fresh two-month low of $1.0160. Aussie found support as Chinese trade surplus increased. USD/JPY is trading range bound a bit below the 99.00 mark. EUR/USD strengthened to $1.3090 on speculation that ECB is looking at buying bad loans from Southern European nations. GBP/USD is consolidating below $1.5500. USD/CAD recovered to 1.0050. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-08/22692-may-8-asian-session
  21. Market Analytics:FBS Markets Inc. CFTC: USD longs keep contracting Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, May 3, by the Commodity Futures Trading Commission (CFTC) for a week ended April 30. Large speculators slightly decreased their USD net long positions from $24.9 bln to $24.5 bln. It’s necessary to note that the figures cited above are always a week old at the time of their release. Never the less, CFTC data gives a good oversight into how the market is positioned and if/how these positions are being unwound. Although the CME speculators represent a small fraction of trading in the currency markets, their trades are widely seen as typical of hedge fund investors' currency movements. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-03-18/22013-cftc-usd-longs-8-month-high
  22. Market Analytics:FBS Markets Inc. May 7: Asian session USD/JPY slipped back below the 99.00 mark. Japanese banks opened after a 4-day weekend with yen strengthening on Japan Fin Min comments. AUD/USD plummeted to $1.0180 as RBA cut its cash rate to the record low of 2.75%. Meanwhile, Australian trade balance showed surplus for the first time since Jan. 2012. NZD/USD fell below 0.8500. EUR/USD is consolidating a bit below the $1.3100 mark. The single currency is slowly recovering from yesterday’s ECB Draghi’s dovish comments. GBP/USD is trading at $1.5540. USD/CAD remains below 1.0100. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-07/22684-may-7-asian-session
  23. “Predict NFP” (April 2013): results of the contest! “Predict NFP”: contest results Monday, May 6, 2013 According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for April 2013 amounted to 165K.. Indisputable winner of "Predict NFP" contest is Satria Prata, who gave the only correct answer. The contestant gets an exclusive T-shirt from FBS. You can check all the guesses given here. Congratulations to the winner. Kind regards, FBS FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) Best Forex Broker Asia 2012 FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
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  25. Market Analytics:FBS Markets Inc. May 6: Asian session USD/JPY is trading slightly above 99.00 following a two-day recovery. The greenback was driven up by higher-than expected US NFP released on Friday (165K in April vs. forecasted 146K, March reading was revised up to 138K). On Monday Japanese banks are closed for a holiday. AUD/USD opened the week with a gap down and slipped back below $1.0300. Traders were disappointed by a drop in Australian retail sales. NZD/USD is trading at $0.8545. EUR/USD holds at $1.3120. The single currency remains surprisingly resilient despite the last week’s ECB rate cut and strong US NFP. ECB President Mario Draghi is scheduled to speak today at 13:00 GMT. GBP/USD holds around the 10-week high of $1.5580. British banks are closed for a holiday. USD/CAD trades at 1.0070. Watch the Canadian building permits and Ivey PMI later in the day. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-05-06/22672-may-6-asian-session
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