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Market Analytics:FBS Markets Inc. USD/CAD: trading loonie USD/CAD is consolidating in 1.0180/50 area after sliding from last week’s maximum at 1.0280. Support is at 1.0150, 1.0050 and 1.0000, while resistance is at of 1.0220, 1.0250 and 1.0315. Loonie has paused near the strongest level in a month. Canadian economy grew a higher-than-expected 0.2% in Jan. following the weakest two quarters since the 2008/09 recession, thanks to solid manufacturing and mining and an end to a National Hockey League work stoppage. Commodities advanced and consumer prices climbed 1.2% last month, the biggest gain since Jan. 1991. Bank of Montreal: “We had a couple upside surprises this week on the Canadian data, so a mild positive for the currency, but it’s only two data points and sort of backward looking ones. We’ll have to see some more data points in the weeks ahead to see if we’re having a real uptick on the Canadian front.” The economic calendar is bare next week until Friday, when payroll figures will be released in Canada and the United States. Analysts said any movement in the currency before then will take its cue from overseas. RBC: “Everyone is going to be tuned into what’s going on in Europe and Cyprus and any further developments. Canada’s rebound in Jan. bodes well for quarterly growth but the pace is still looking fairly moderate, sub-potential.” Chart. Daily USD/CAD 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/2013-03-29/22252-usdcad-trading-loonie

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Market Analytics:FBS Markets Inc. EUR/USD: analysts are long-term bearish According to the median forecast of analysts surveyed by Bloomberg calls for the euro to reach $1.29 by year-end before depreciating to $1.27 by the end of 2014. Analysts at Morgan Stanley think that EUR/USD will fall to $1.2600 next year and then slide to $1.1900, the minimal level since June 2010, as a bailout for Cyprus raises the threat of further euro-zone contagion. Strategists at Scotiabank lowered year-end EUR/USD forecast to $1.2500. In their view, the recent developments in Cyprus expose the political vulnerability of the euro area in times of financial turmoil, enhanced by the lack of a banking union. Deutsche Bank is very disappointed with Europe and is bearish on EUR/USD targeting $1.2000. The bank’s reasons are the euro zone’s wrong response to Cyprus problems, the rising possibility of the second general election in Italy and weak economy of the currency union. 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/2013-03-29/22249-eurusd-analysts-are-long-term-bearish

Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield EUR/USD got support at $1.2750 and recovered yesterday on the back of better than expected German retail sales figures for the month of Feb., though was capped by resistance around March 19 low at $1.2843. Today euro’s trading in the $1.2800 area. Euro seems to be losing positive momentum on H1. H4 still looks bearish as well as the daily chart. All in all, technical picture has significantly worsened this week. A break below $1.2790 might bring the price to $1.2730. On the upside, sell in case of a recovery to $1.2900/05. A close below $1.2875 (200-day MA, 50% Fibo) will mean more declined ahead with target at $1.2680/60 (bottom of the weekly Ichimoku Cloud, 61.8% Fibo, November low). Most markets are closed in observance of Good Friday holiday. Traders will watch another meeting between the Italian center-left leader, Pier Luigi Bersani, and the President Giorgio Napolitano (they met yesterday, but with no results). Later today (12:30 GMT) the US will release personal income and spending figures. Stronger numbers should be positive for USD. Support lies at $1.2790, $1.2750, $1.2730 and $1.2680, while resistance is at $1.2867, $1.2875 and $1.2900. 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/2013-03-29/22241-eurusd-news-battlefield

Market Analytics:FBS Markets Inc. March 29: Asian session Trade was subdued with many markets closed for Easter holidays. Data released in the US yesterday wasn’t as good as expected (unemployment claims rose; Q4 GDP growth was revised up from 0.4% vs. the forecast of 0.5%; Chicago PMI declined). Risk sentiment also worsened as North Korea put its missile units on standby to attack US military bases in South Korea and the Pacific. AUD/USD is at $1.0425 after testing levels below $1.0400 yesterday. NZD/USD is consolidating around $0.8360. EUR/USD holds at $1.2820. Yesterday euro managed to recover from the $1.2750 low, but was capped at $1.2845. Dollar came under pressure following discouraging US data. Cypriot problems keep weighing on the market sentiment, but, despite all the worries, yesterday the banks reopened with no signs of panic. The situation seems to be stable for now. According to Cypriot officials, capital controls may last a month. Italian political stalemate is coming back into the limelight: Bersani admitted his failure to form a coalition because of the “unacceptable preconditions from other parties”. France will release consumer spending data today, while Italy – preliminary CPI. USD/JPY declined to 94.00. All in all, yen’s going to show another month of losses. Japan’s consumer prices fell by 0.7% in Feb. from a year earlier (the biggest drop since August 2010), compared with a 0.3% decline in the previous period. Core consumer prices, excluding fresh food, declined by 0.3%, failing to rise for a 10th month in a row. The Bank of Japan Governor Haruhiko Kuroda is expected to boost monetary stimulus measures at a policy meeting next week to fight deflation. GBP/USD recovered from the lows below $1.5100, but growth was capped at $1.5200. USD/CAD remains range bound around 1.0160. Canadian January GDP rose by 0.2% (forecast: +0.1%; Dec.: -0.2%). USD/CHF is once again below 0.9500. 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/2013-03-29/22239-march-29-asian-session

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Market Analytics:FBS Markets Inc. March 28: European session EUR/USD plunged to $1.2755 as the number unemployed in Germany rose in Jan. by 13K vs. 2K decline expected. The jobless rate in Germany stayed at 6.9% in March. German retail sales rose by 0.4% in February following 3.0% rise in January (forecast: -0.5%). Further data in the euro area showed that M3 money supply expanded by 3.1% y/y, while private loans contracted by 0.9%. EUR/USD found support around the 4-month low and is now up to $1.2770. The market is expecting news from Cyprus, where banks are expected to re-open doors today (exact time remains unclear). GBP/USD rose to $1.5170. Demand for British currency rose ahead of the month’s end. Fitch re-affirmed Australia’s top credit rating (AAA) with stable outlook. AUD/USD is trading around $1.0430 after dipping to $1.0415 earlier today. 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/2013-03-28/22233-march-28-european-session

Market Analytics:FBS Markets Inc. March 28: European session EUR/USD plunged to $1.2755 as the number unemployed in Germany rose in Jan. by 13K vs. 2K decline expected. The jobless rate in Germany stayed at 6.9% in March. German retail sales rose by 0.4% in February following 3.0% rise in January (forecast: -0.5%). Further data in the euro area showed that M3 money supply expanded by 3.1% y/y, while private loans contracted by 0.9%. EUR/USD found support around the 4-month low and is now up to $1.2770. The market is expecting news from Cyprus, where banks are expected to re-open doors today (exact time remains unclear). GBP/USD rose to $1.5170. Demand for British currency rose ahead of the month’s end. Fitch re-affirmed Australia’s top credit rating (AAA) with stable outlook. AUD/USD is trading around $1.0430 after dipping to $1.0415 earlier today. 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/2013-03-28/22233-march-28-european-session

Market Analytics:FBS Markets Inc. March 28: Asian session EUR/USD is trading at session lows at $1.2840. The pair holds close to 4-month low as euro sentiment remains strongly negative. Germany is scheduled to release GfK consumer climate at 7:00 GMT, while Italy will auction 7B euro of bonds. USD/JPY rose to 94.90. Yen weakened on the speculation that the Bank of Japan’s new Governor Haruhiko Kuroda will add to monetary stimulus measures next week in order to end deflation. MSCI Asia Pacific Index of shares edged a bit down. AUD/USD eased down to $1.0460. The RBA’s Broadbent said Aussie would remain elevated. NZD/USD slid to $0.8370 after it almost reached $0.8400 yesterday. New Zealand’s ANZ business confidence declined from 39.4 in Feb. to 34.6 in Mar. GBP/USD hovers around $1.5150. Watch the British current account (forecast: -12.8B) and final Q4 GDP (forecast: -0.3%) at 9:30 GMT. USD/CAD trades 10 pips above the yesterday’s 5-week low of 1.0160. Watch the Canadian inflation figures at 12:30 GMT. USD/CHF is trading right under 0.9500. 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/2013-03-28/22223-march-28-asian-session

Market Analytics:FBS Markets Inc. Key options expiring today 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 (3 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2750, $1.2850, $1.2875, $1.2900, $1.2925, $1.2950, $1.3040; GBP/USD: $1.5100, $1.5240; USD/JPY: 93.50, 94.00, 94.45, 95.00, 96.50, 97.00, 97.50, 97.95, 98.00; AUD/USD: $1.0300, $1.0345, $1.0400, $1.0450, $1.0500; EUR/JPY: 121.50, 121.85, 124.00; EUR/CHF: 1.2150. 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/2013-03-27/22201-key-options-expiring-today

Market Analytics:FBS Markets Inc. Key options expiring today 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 (3 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2750, $1.2850, $1.2875, $1.2900, $1.2925, $1.2950, $1.3040; GBP/USD: $1.5100, $1.5240; USD/JPY: 93.50, 94.00, 94.45, 95.00, 96.50, 97.00, 97.50, 97.95, 98.00; AUD/USD: $1.0300, $1.0345, $1.0400, $1.0450, $1.0500; EUR/JPY: 121.50, 121.85, 124.00; EUR/CHF: 1.2150. 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/2013-03-27/22201-key-options-expiring-today

Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield EUR/USD slumped by about 200 pips from yesterday’s high around $1.3050 and closed at $1.2850, below the 200-day MA and 50% Fibo. On the H1 we see that the pair has once again found support in the $1.2840 area. There may be some more consolidation between here and $1.2880. One may try small longs from $1.2885 to $1.2930. The slide below $1.2840 will provoke more sells. BNZ expects deeper correction to $1.2700. Societe Generale recommends “selling euro now and asking questions later”. UBS awaits a break under $1.2736 to $1.2662. Commerzbank says that the Elliott wave count on the daily chart is indicating a possible rebound to $1.3100/80 before the decline resumes. However, the bank wants to sell ahead of this area. The main reasons cited for shorting euro are falling growth and inflation expectations, euro zone’s economic weakness and uncertainty about the region’s periphery. German Council of Economic Experts lowered its 2013 growth forecasts for German economy, mainly due to the weakening external demand expectation. As for Cyprus, the main thing which measures regarding capital control the nation’s Finance Ministry will introduce. Chart. H1 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/2013-03-26/22195-eurusd-news-battlefield

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Market Analytics:FBS Markets Inc. AUD/USD: buy on dips AUD/USD’s uptrend remains capped at the 8-week high of $1.0480 (78.6% Fibo). This level also acted as a barrier on Monday. We remain bullish on the Aussie, but expect some pullbacks ahead of the $1.0500/15 resistance. It makes sense to buy AUD/USD on dips to $1.0415 (61.8% Fibonacci. 100-day SMA). MACD divergence on the H4 chart is pointing to the correction. Support: $1.0460, $1.0440, $1.0415, $1.0400 Resistance: $1.0500, $1.0515, $1.0580, $1.0600 Chart. H4 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/2013-03-26/22191-audusd-buy-dips

Market Analytics:FBS Markets Inc. March 26: Asian session EUR/USD treads water below the 200-day SMA around $1.2870. Yesterday the pair plummeted more than by 200 pips to $1.2830. Late Monday Cypriot president Anastasiades and “Troika” agreed on a 10B international rescue package that includes the restructuring of the two biggest Cypriot banks with losses for bigger depositors. Euro’s sharp drop came after the Eurogroup president Jeroen Dijsselbloem suggested that the Cyprus model, which involves a tax on bank deposits, could form a template in any future bailout. He later added a clarification saying that Cyprus was "a specific case with exceptional challenges", but failed to stop the market panic. Cyprus banks will remain closed until Thursday (28 March). USD/JPY tested 83.85 today before rising to 94.45. The Bank of Japan Governor Haruhiko Kuroda outlined monetary easing options in parliament to achieve a 2% annual inflation goal in 2 years. According to him, the BOJ will consider extending the maturities of bonds it’s purchasing and scrapping a limit on such buying. Policy specifics will be discussed at the BOJ board meeting scheduled for April 3-4. AUD/USD edged higher to $1.0460/70. The Reserve Bank of Australia’s Governor Stevens has delivered a speech now, but it had little relevance to Forex. NZD/USD is trading once again at $0.8350. Kiwi is unaffected by the data which showed trade surplus of NZD414M. GBP/USD trades at $1.5180. USD/CAD returned to 1.0200 after 5 days of decline. USD/CHF is testing resistance of 0.9490. 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/2013-03-26/22183-march-26-asian-session

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 Mar. 22. 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/2013-03-25/22172-fx-majors-top-forecasters

Market Analytics:FBS Markets Inc. Barclays: USD/JPY will rise to 103.00 in April Analysts at Barclays expect USD/JPY to peak at 103.00 a few days after the BoJ announces aggressive easing on April 4 and to trade sideways at around those levels in the next six months. However, USD/JPY can’t stay at this extra-high level without overshooting the 2% inflation target. For this reason, sooner or later, the BoJ will have to absorb the liquidity to contain inflation, bringing the yen closer to fair value. 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/2013-03-25/22168-barclays-usdjpy-will-rise-10300-april

Market Analytics:FBS Markets Inc. Key options expiring today 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 (3 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2640, $1.2800, $1.2825, $1.2900, $1.2950, $1.3000, $1.3125; GBP/USD: $1.5000, $1.5100, $1.5200; USD/JPY: 92.00, 93.00, 94.00, 94.15, 96.00, 95.50, 95.60; AUD/USD: $1.0350, $1.0360, $1.0400, $1.0450. 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/2013-03-25/22163-key-options-expiring-today

Market Analytics:FBS Markets Inc. March 25: Asian session EUR/USD opened the week with a bearish gap at $1.2960, but later strengthened to $1.3050. Euro was pushed up by the news that international creditors and Cyprus had finally worked out a bailout deal draft. The second biggest Cypriot bank Laiki Bank will be liquidated. Deposits below 100 000 euros are insured and will be transferred to Bank of Cyprus, while deposits above 100 000 euros will be frozen and used to resolve debt (the extent of depositors losses is still not defined). The plan doesn’t need the approval of the Cypriot parliament. EU ministers will vote on the draft today. Asian stocks advanced – MSCI Asia-Pacific shares outside Japan climbed by 0.8%. AUD/USD remains close to 2-month high around $1.0460, though capped by this area for the third day in a row. NZD/USD is also high, but limited by the resistance at $0.8350. USD/JPY is trading 30 pips up after opening at 84.30. Yen weakened before Bank of Japan Governor Haruhiko Kuroda speaks to lawmakers tomorrow. GBP/USD trades at $1.5245. Great Britain will release BBA mortgage approvals data at 9:30 GMT. USD/CHF returned to the levels just below 0.9400 after testing 0.9350 earlier today. The pair was driven by the swings between concerns and optimism about Cyprus. USD/CAD holds at 1.0230. 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/2013-03-25/22136-march-25-asian-session

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Market Analytics:FBS Markets Inc. Cyprus and its impact on EUR/USD If Cyprus can’t agree on the deposit cuts and the ECB withdraws liquidity support from its banks, the nation’s banking system may collapse, even though Cyprus would likely imposing capital controls to limit monetary outflow. The specialists warn that the muted reaction to the developments in Cyprus demonstrates a worrying level of complacency in global market. Bad outcomes aren’t fully priced in yet, so the market’s reaction could be strong. According to Bank of New York Mellon, “within a matter of 1-2 months we could go below $1.25 or even $1.20 by the summer.” But what would actually happen to EUR/USD is Cyprus agrees on a bailout package? TD Securities: “EUR/USD has been pulled lower by the focus on Cyprus this week but relative central bank balance sheet positions suggest $1.35 is fairer value for EUR/USD currently. We look for EUR/USD to rebound if a Cyprus deal is reached.” Bank of Tokyo Mitsubishi UFJ: Analysts believe that EUR/USD looks bearish ahead and will trade between $1.2750 and $1.3150. After the ECB’s threat to suspend the provision of emergency liquidity to Cypriot banks, Cyprus will reach an agreement helping to stabilize EUR. However, any scope for EUR rebound is only modest with evidence emerging that the euro-zone economy is still struggling to exit recession (weaker than expected euro-zone PMI surveys released this week). JPMorgan Chase says EUR/USD needs to break above resistance at $1.3108 and $1.3135 in order to improve the near-term tone. Photo: Reuters 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/2013-03-22/22130-cyprus-and-its-impact-eurusd

Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield EUR/USD is trading sideways holding above support of $1.2880 and with resistance at $1.2930/50/70. Cyprus continues being the main topic. The ECB gave the nation time until the start of next week to agree to a bailout package or lose emergency funding – the decision with probably come on the weekend. Cyprus finance minister Mr. Sarris said that the country failed to get the financial support from Russia. BNP Paribas: “While we expect a constructive solution to emerge in the coming days, EUR/USD is likely to continue to face headline risk as capital controls will likely need to be imposed once banks re-open. There is also near-term risk for the euro from softer economic data”. Watch German Ifo business climate index for March due at 09:00 GMT (forecast: 107.4; previous: 107.8). Small short are possible at $1.2878, though taking the recent consolidative stance the bears probably won’t get much. The possible targets are $1.2856 and $1.2843 (Mar. 19 and 20 lows). The near-term bearish outlook will be neutralized only above $1.2995/3000. 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/2013-03-22/22121-eurusd-news-battlefield