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Market News More Forex news & analytics at FX Bazooka AUD/USD: momentum slowed AUD/USD closed yesterday at $0.9549, above September highs ($0.9524/28). Australian dollar has been strengthening over the past month due to good economic data, especially from China, the Fed’s September decision not to taper bond purchases. This week demand for Aussie rose amid neutral RBA minutes and the relief about the US. Note, however, that though AUD rose to the highest levels since June, its advance after the US announced a deal to avert default was small (a deal was much prices in + this deal offers only temporary relief). Upside momentum has declined. AUD/USD may decline from the current levels to the $0.9500 area as we see a divergence on the daily chart MACDF and RSI. Further support lies at $0.9485, $0.9450, $0.9385 and $0.9350. As long as Aussie stays above the latter, it will retain good chances for growth to $0.9700. Try longs from $0.9510 with stop at $0.9480 and target at $0.9600. The RBA Governor Stevens is due to speak tomorrow. Next week there will be plenty of data from the US as the government resumes work after the shutdown. 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://fxbazooka.com/en/analitycs/show/729

Market News More Forex news & analytics at FX Bazooka GBP/USD testing $1.6040 GBP/USD extends the recovery on Thursday, touching $1.6040. The market is now waiting for the UK retail sales release to come at 12:30 GMT (forecast: +0.5%, prior: -0.9%). We see that the pair has almost returned to the July-October supporting trend line. Next important resistance is seen at $1.6055, $1.6070/80 and at $1.6100, while support lies at $1.6020, $1.6000, $1.5990 and $1.5985. 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://fxbazooka.com/en/news/show/615

Market News More Forex news & analytics at FX Bazooka EUR/USD jumped above $1.3600 EUR/USD jumped above $1.3600 triggering on its way stop orders and blowing the sellers of the market. There is no specific news. Euro’s advance may be caused by the buying from the European traders who have joined the market and are now playing on the news that all is well in the US. On the upside there are $1.3620 and$1.3650 on the way. Support is at $1.3580/70. 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://fxbazooka.com/en/news/show/614

Market News More Forex news & analytics at FX Bazooka Oct. 17: Asian session US Congress voted in favor of a deal to end a US government shutdown and raise the debt limit, damping demand for haven assets. The deal would fund the government through Jan. 15, 2014, and suspend the debt limit until Feb. 7, setting up another round of confrontations then. The Senate voted 81-18 for this plan to halt the 16-day shutdown and raise the borrowing limit and the House of Representatives voted 285-144. The bill’s now waiting to be signed by President Obama. EUR/USD rose to $1.3550. Watch for the euro zone’s current account results at 08:00 GMT along job market data in the US at 12:30 GMT and Philadelphia’s Fed manufacturing index at 14:00 GMT. GBP/USD went up to $1.5986. Britain will release retail sales at 08:30 GMT (forecast: +0.5%; previous: -0.9%). USD/JPY printed a high at 99.00 (highest since June) earlier in the Asian session. Later on the pair has retraced lower, testing 98.40. USD/CHF slid to 0.9120. USD growth versus the higher-yielding currencies remains subdued: the markets are gauging the impact of the recent impasse on economic growth and prospects the Fed will taper stimulus. AUD/USD has retraced to $0.9530 after having touched a fresh 4-month high at $0.9570. Australia NAB quarterly business confidence improved to 3 (vs. prior -1). NZD/USD is swinging in the $0.8410/45 range. USD/CAD has slowed the yesterday’s decline, consolidating around 1.0320. 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://fxbazooka.com/en/news/show/613

Market Analytics More Forex news & analytics at FX Bazooka Oct. 17: US avoided default US Congress voted in favor of a deal to end a US government shutdown and raise the debt limit, damping demand for haven assets. The deal would fund the government through Jan. 15, 2014, and suspend the debt limit until Feb. 7, setting up another round of confrontations then. The Senate voted 81-18 for this plan to halt the 16-day shutdown and raise the borrowing limit and the House of Representatives voted 285-144. The bill’s now waiting to be signed by President Obama. EUR/USD rose to $1.3550. Watch for the euro zone’s current account results at 08:00 GMT along job market data in the US at 12:30 GMT and Philadelphia’s Fed manufacturing index at 14:00 GMT. GBP/USD went up to $1.5986. Britain will release retail sales at 08:30 GMT (forecast: +0.5%; previous: -0.9%). USD/JPY printed a high at 99.00 (highest since June) earlier in the Asian session. Later on the pair has retraced lower, testing 98.40. USD/CHF slid to 0.9120. USD growth versus the higher-yielding currencies remains subdued: the markets are gauging the impact of the recent impasse on economic growth and prospects the Fed will taper stimulus. AUD/USD has retraced to $0.9530 after having touched a fresh 4-month high at $0.9570. Australia NAB quarterly business confidence improved to 3 (vs. prior -1). NZD/USD is swinging in the $0.8410/45 range. USD/CAD has slowed the yesterday’s decline, consolidating around 1.0320. 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[/center] Comment here: http://www.fbs.com/analytics/2013-10-17/23599-oct-17-us-avoided-default

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Market News More Forex news & analytics at FX Bazooka SEB: positive view on AUD/USD Analysts at SEB point out that AUD/USD rose with 5 waves from August low at $0.8847 and met the minimum target met when passing the Sept. high ($0.9530). According to the specialists, there’s room for some more advance to $0.9680, and the market still seems bid. A decline below $0.9465 and $0.9410 would be a sign of a deeper correction down. 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://fxbazooka.com/en/analitycs/show/720

Market News More Forex news & analytics at FX Bazooka Goldman Sachs: outlook for GBP According to strategists at Goldman Sachs, GBP/USD will hit $1.6800, $1.6900 and $1.6500 in 3, 6 and 12 months. "The UK has experienced a substantial improvement in activity indicators in recent months. Part of this may be related to a recovering Euro area economy and part linked to the acceleration in credit growth. The composite PMI stands at close to the highest level since the mid-1990s. This economic strength will likely support capital inflows, which would offset some of the external vulnerability linked to the relatively large current account deficit," they explain. However, Goldman believes that pound's ability to strengthen versus the euro is limited. Analists expect EUR/GBP to trade at $0.8200, $0.8300 and $0.8500 in 3, 6 and 12 months. 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://fxbazooka.com/en/analitycs/show/719

Market News More Forex news & analytics at FX Bazooka We won’t see a big USD relief rally There’s now more optimism according on the US as a plan to solve the problem is discussed in Senate. This supports USD versus JPY and CHF and weakens it versus higher-yielding currencies like AUD and NZD. Societe Generale: “People have been building dollar long positions, giving consideration to the risk of not having dollars when a deal will eventually be signed.” However, the uncertainty remains as any deal would have to win approval in the House of Representatives, where there will likely be stiffer resistance from conservative Republicans who demand more spending cuts. Praevidentia Strategy: “This is unlikely to lead to a sustainable rally in the dollar and shares. US policy makers are just kicking the can and we will have another showdown in January. Under such circumstances, it would be difficult for the Fed to reduce its stimulus.” 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://fxbazooka.com/en/analitycs/show/718

Market News More Forex news & analytics at FX Bazooka AUD/USD at highest since June AUD/USD rose today to the highest level since June at $0.9547. Aussie rose as the RBA kept neutral tone. If Australian dollar settles above Sept. highs at $0.9524/28, it might have chance to rise to $0.9580 (May 2012 low) and $0.9565 (June 14 high), though we believe the upside to be limited by $0.9700/15 (50% Fibo). Aussie may rise as the risk sentiment improves on the positive news from the USA. The pair’s currently trading above 38.2% Fibo retracement level of the decline from April to August at $0.9509. Note, however, that there’s some MACD and RSI divergence on the daily chart. Support is at $0.9485 (Oct. 8 highs), $0.9457 (Oct. 4 high) and $0.9422 (October 8 low). A break of support at $0.9280 will indicate that rebound from $0.8847. 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://fxbazooka.com/en/news/show/607

Market News More Forex news & analytics at FX Bazooka RBNZ: upward pressure on NZD may ease The Reserve Bank of New Zealand’s Deputy Governor Grant Spencer said mortgage-lending restrictions introduced this month could ease upward pressure on NZD by reducing the magnitude of interest-rate increases. The lending limits, which took effect Oct. 1, mean that only one in 10 new mortgages issued by banks in New Zealand is allowed to exceed 80% of a home’s purchase price. The Reserve Bank introduced the limit in an attempt to cool the housing market without raising rates from a record low and hurting the nation’s economic recovery. 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://fxbazooka.com/en/news/show/606

Market News More Forex news & analytics at FX Bazooka EUR/USD dropped to $1.3500 EUR/USD slid to $1.3500. German ZEW survey came mixed (economic sentiment index improved, while current situation index deteriorated). This news overshadowed good results of Spanish debt action. US dollar’s strengthening on hopes about the debt and budget solution. Chinese Deputy Finance Minister Zhu Guangyan said that the US must undertake its responsibility to uphold stability of international financial markets. Resistance is at $1.3550, $1.3600/05 and $1.3630. Support is at $1.3500, $1.3487 and $1.3477. 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://fxbazooka.com/en/news/show/605

Market News More Forex news & analytics at FX Bazooka USD/JPY rose to 98.70 USD/JPY extends the rebound from the 200-day MA at 96.60 on the growing optimism about the US budget deadlock. On Tuesday the pair has strengthened into the 98.70 area after a dip in the Asian trade. The greenback has finally broken above the 98.60 resistance (daily Ichimoku, Friday and Monday highs, 50% Fibo). The pair could surge rapidly in case of any positive news from the US. However, technically, the picture is not so bright: we see a MACD convergence on the H4 chart. Watch the 200-period MA on the H4 (currently at 98.66) – this line has acted as a resistance for a couple of times. Resistance: 98.80, 99.00 (61.8% Fibo) Support: 98.35, 98.10/00. 97.60/50 Chart. H4 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! Recent market news from FBS Comment here: http://fxbazooka.com/en/news/show/604

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 15: some progress in the US USD weakened today against higher-yielding currencies as equity markets signaled optimism about US Senate discussions on raising the nation’s debt limit to avert a default, curbing demand for refuge assets such as JPY. USD/JPY reached the highest level since Oct. 1 at 98.70. USD/CHF is trading in the 0.9100 area. Senate Democratic and Republican leaders said yesterday they made significant progress toward an accord. The emerging agreement would suspend the debt limit through Feb. 7, 2014, fund the government through Jan. 15 and require a House-Senate budget conference by Dec. 13, reports Bloomberg referring to an anonym source in Senate. A deal could be announced today. EUR/USD recovered to $1.3570 after a dip to $1.3550 earlier in the session. Yesterday the pair has retested the $1.3600 mark, but failed to fix on these highs. Euro zone will release ZEW economic indices at 9:00 GMT. ECOFIN meeting starts in Brussels today. GBP/USD was rejected from the levels just below $1.6000. Britain will release CPI at 08:30 GMT. AUD/USD rose to $0.9540 (highest since June) following the tonight’s release of the RBA October minutes. There wasn’t much new in the release, but policy outlook has become more neutral. Further rate cuts still remain an option for the bank, but RBA underlined that policy would directly depend on dataflow. NZD/USD has touched $0.8405. Kiwi saw a small dip tonight as New Zealand Treasury said in their 2013 annual report that the currency exchange rate remained elevated. USD/CAD is falling for the third day and returned to the previous resistance (and now support) around 1.0330. 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/2013-10-15/23577-oct-15-some-rogress-us

Market Analytics:FBS Markets Inc. EUR/USD: Elliot wave analysis Weekly. The pair has presumably completed the construction of a correctional wave ( of [2]. In line with this, in the near future we expect a decline in wave © of [2]. - See more at: http://www.fbs.com/analytics/2013-10-14/23572-eurusd-elliot-wave-analysis#sthash.a4KHC1I8.dpuf Chart. Weekly EUR/USD Daily. The wave ( has taken shape of a widening horizontal triangle. Let’s examine the structure of the last section in detail. - See more at: http://www.fbs.com/analytics/2013-10-14/23572-eurusd-elliot-wave-analysis#sthash.a4KHC1I8.dpuf Chart. Daily EUR/USD H4. The final upward wave © has taken shape of the Ending Diagonal Triangle. Now we are seeing the price decline in the wave [1], this wave is taking form of a wedge. Quite often, at the beginning of a new trend a wedge is formed. When the wave [1] is complete, we’ll see a correction [ 2] . When the waves [1] and [2] are fully formed, the decline will continue. - See more at: http://www.fbs.com/analytics/2013-10-14/23572-eurusd-elliot-wave-analysis#sthash.a4KHC1I8.dpuf Chart. H4 EUR/USD Tatyana Norkina for FBS 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/2013-10-09/23563-gbpusd-ichimoku-analysis

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 14: market news EUR/USD opened with a small gap and rose to $1.3565, though it’s still below Friday’s high at $1.3580. GBP/USD edged up to $1.5988. USD/JPY opened with a gap down at 98.22 after closing at 98.54 on Friday. USD/CHF opened with a gap down at 0.9090 after closing above 0.9100 on Friday. US dollar fell as talks between President Barack Obama and House Republicans hit an impasse and US senators from both parties struggled to draft an accord that averts a US default. Euro gained before a report due today at 09:00 GMT is expected to show industrial production in the region rebounded in August. The Eurogroup finance ministers will meet today in Luxembourg. AUD/USD opened with more than 40-pip gap down, but then rose back to the Friday’s close in the $0.9470 area. Data over the weekend showed China trade surplus came significantly below expectations because of the drop in exports. China September CPI came at 3.1% y/y (forecast: 2.8%). Australia August home loans dropped by 3.9% m/m vs. the expected 2.5% contraction. NZD/USD rose to the upper border of recent weeks’ trading range at $0.8350, closing the morning bearish gap. New Zealand September HPI came at 2.6% m/m. USD/CAD opened with a gap up at 1.0360, but then slid by 10 pips lower. Canadian and the US banks are closed in observance of Thanksgiving Day. - See more at: http://www.fbs.com/analytics/2013-10-14/23567-oct-14-market-news#sthash.XPLiCRev.dpuf 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/2013-10-14/23567-oct-14-market-news

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 11: Asian session Euro’s lows were contained yesterday by the $1.3485 area. Today EUR/USD rose to almost to yesterday’s high $1.3545. The players will focus on the developments from the US. Most US data has been postponed, except University of Michigan Consumer Sentiment due at 13:55 GMT. In Europe German CPI came unchanged, but WPI increased more than expected. GBP/USD remained yesterday above support at $1.5920 on the neutral/hawkish messages out of the Bank of England and rose to $1.5990 today. The leading indicator will be released in the UK at 09:00 GMT. US dollar strengthened versus yen as Asian shares advanced amid continued negotiations among US lawmakers to avert a default which diminish demand for JPY as a refuge. USD/JPY is rising for the fourth day in a row and reached 98.55. USD/CHF is consolidating just above 0.9100. AUD/USD edged up to Tuesday’s high at0.9484. Aussie rose as the yield premium on Australian 2-year debt over the US climbed to its highest level since April. NZD/USD keeps moving sideways around $0.8300. Investors are waiting for Chinese trade report tomorrow which may show exports and imports grew last month. USD/CAD reached 1.0420 yesterday, but closed at 1.0396 where it’s trading at the moment of writing. Canada will release employment data at 12:30 GMT. 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://fxbazooka.com/en/news/show/594

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Become an IB and get $5000 from FBS!!!! FBS will never stop giving you opportunities to earn more and become even more successful. Our new and exciting promotion will be launched shortly. The idea is really exciting: become an IB at FBS and get $5000! In addition we offer the highest commission on today’s Forex Market: 22$ for lot. Don’t miss your chance to become an IB at FBS and start making money! Become an IB Keep updated! - See more at: http://www.fbs.com/news/2013-09-16/23386-become-ib-and-get-5000-fbs#sthash.bhDw24HH.dpuf Forex news & analytics at FX Bazooka! FBS wishes you Finance,Freedom and Success in trading! Stay connected with FBS because its all about you!

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka BoE: policy unchanged The Bank of England’s Monetary Policy Committee maintained the official Bank Rate at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at 375 billion pounds. The minutes of the meeting will be published on Wednesday, October 23. GBP/USD is a bit higher at $1.5950. 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://fxbazooka.com/en/news/show/592

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Key currency options 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: EUR/USD: $1.3465, $1.3495, $1.3510, $1.3525, $1.3550, $1.3560, $1.3600, $1.3620; GBP/USD: $1.5950, $1.6000, $1.6070; USD/JPY: 96.00, 96.15, 96.25, 97.00, 97.10, 97.25, 98.10, 99.40; USD/CHF: 0.9000; AUD/USD: $0.9385 $0.9400 $0.9450 $0.9500; USD/CAD: 1.0315 1.0330; EUR/JPY: 132.80; EUR/GBP: 0.8410 0.8520; AUD/JPY: 90.00. 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://fxbazooka.com/en/news/show/591

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Stock market update Source: Bloomberg 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://fxbazooka.com/en/news/show/590

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 10: Asian session US dollar rose as, according to Bloomberg, US Congressional leaders were said to be open to a short-term increase in the nation’s debt limit. The Fed’s last meeting minutes released yesterday showed that most official think the QE tapering could start as soon as the next 2 monetary meetings and halting all QE purchases by the middle of 2014. Don’t miss US unemployment claims at 12:30 GMT. EUR/USD is trading just below $1.3500, a bit above yesterday’s low at $1.3485. Demand for the euro was supported ahead of data today forecast to show industrial output gained in France and Italy. The ECB’s President Mario Draghi will speak again at 16:20 GMT. Yesterday he said that many US commentators “mistook the euro for fixed exchange-rate regime, when in fact it is an irreversible single currency.” GBP/USD keeps testing support at $1.5920. Yesterday pound lost more than 100 pips. The Bank of England is expected to keep policy unchanged today (11:00 GMT). USD/JPY rose to 97.76. US dollar’s rising for the third day after it got support from the 200-day MA. Yen weakened before the Bank of Japan’s Governor Haruhiko Kuroda speaks today (16:00 GMT). USD/CHF rose to 0.9130, to the highest level since the end of September. AUD/USD declined to $0.9400 after data showed a smaller-than-forecast gain in employment (9.1K vs. 15.2K). The nation’s unemployment rate dropped from 5.8% to 5.6%. NZD/USD slid to $0.8250. USD/CAD reached 1.0420. 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://fxbazooka.com/en/news/show/589

Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Key currency options 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: EUR/USD: $1.3500, $1.3530, $1.3550, $1.3555, $1.3560, $1.3570, $1.3585, $1.3665; GBP/USD: $1.6075, $1.6180, $1.6200; USD/JPY: 96.00, 96.40, 97.00, 97.50, 97.90, 98.00: AUD/USD: $0.9380, $0.9400, $0.9500; USD/CAD: 1.0280; EUR/GBP: 0.8425; EUR/JPY: 132.80, 134.00. 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://fxbazooka.com/en/news/show/586