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internationallove
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FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
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: $1.2850, $1.2900, $1.2950, $1.2960, $1.3000; GBP/USD: $1.5100, $1.5200, $1.5300; USD/JPY: 94.75, 95.00, 95.50, 95.60, 96.00, 97.00, 98.00; USD/CHF: 0.9500; AUD/USD: $1.0250, $1.0265, $1.0325, $1.0390, $1.0400, $1.0420; USD/CAD: 1.0200, 1.0250 EUR/GBP: 0.8550; EUR/JPY: 123.00; AUD/NZD: 1.2500; GBP/CHF: 1.4350. 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/2013-03-22/22119-key-options-expiring-today -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 22: Asian session EUR/USD slipped back below $1.2900 after a failed attempt to climb higher. Market awaits news from Cyprus: Eurogroup ministers softened their stance and seem to be ready to make some concessions. Meanwhile, yesterday S&P’s lowered Cyprus’s rating from ССС+ to ССС with a negative outlook. Today the only important event on the euro zone’s agenda is the German Ifo business climate. USD/JPY slid below 95.00. Japan's Nikkei stock average shed 1.5%, after hitting a 4-1/2-year high on Thursday. Yen strengthened as new leaders of the Bank of Japan to take aggressive measures to fight deflation bolster Japan’s economic growth. AUD/USD broke through $1.0400 yesterday and today is trading 30 pips above this handle. Australian index of leading economic indicators rose, the RBA Assistant Governor Malcolm Edey played down the risks in the nation’s financial industry and investors decreased bets on the central bank’s rate cut. NZD/USD is trading above $0.8300 after spiking to $0.8350 yesterday as a private report showed a gain in job advertisements in New Zealand. Demand for both currencies was limited as prolonged negotiations on a bailout for Cyprus damped risk appetite. GBP/USD edged up and is now trading slightly below $1.5200. USD/CAD holds at 1.0240 after yesterday’s quick test of the 1.0200 mark. 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/2013-03-22/22117-march-22-asian-session -
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FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. AUD/USD recovered to $1.0400 AUD/USD rebounded to $1.0400 after having slipped to $1.0365 earlier in the day. The pair bounced from the March trend line support. For now the upside remains capped by the $1.0415 resistance (daily Ichimoku, 61.8% Fibo, Monday’s gap). Investors remain indecisive as Cyprus woes keep pressuring the risky currencies. We still remain bullish on the Aussie in the medium term and recommend buying on a break of $1.0415 with a target of $1.0480 and a stop at $1.0390. Next strong support lies at $1.0350. 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/2013-03-21/22087-audusd-recovered-10400 -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 21: European session EUR/USD rebounded back above $1.2900 after having tested $1.2880 earlier. Euro fell on disappointing European PMIs. Euro area manufacturing PMI dropped to 46.6 (forecast - 48.2), while services PMI – to 46.5 (forecast - 48.2). Both French and, what is especially worrying, German indices came below the forecasts. Spain held a successful bond auction today (lower yields, amount – above target). GBP/USD touched resistance at $1.5200, while EUR/GBP slid to 0.8500. UK retail sales rose by 2.1% (forecast: 0.5%; previous: 0.7%), rising in Feb. for the first month since Sept. In addition, British government borrowed last month less than expected. EUR/JPY is down to 123 yen. EUR/CHF is trading on the downside, around 1.2200. 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/2013-03-21/22084-march-21-european-session -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/JPY awaits for Kuroda's conference USD/JPY slipped back to 95.70 as data showed Japan’s trade deficit narrowed (Jan.: 1.6 trln; Feb.: 777.5 bln). Yesterday the greenback climbed above 96.00 after the Fed announced the continuation of QE. Market got inspired by the expectations of a soon recovery in the US. Today the traders will be carefully watching the new BoJ Governor Haruhiko Kuroda’s first official press conference (10:00 GMT). His dovish comments will trigger further yen depreciation. Next resistance for USD/JPY lies at 96.00/15, 96.60/70 and 97.00. However, if Kuroda abstains from easing hints (what is, though, unlikely) USD/JPY will extend losses. Watch the 95.50, 95.00 and 94.50 support. RBS: We doubt that Kuroda will say something new today: he is part of a board, and it's going to be a little difficult for him to go up there before the board has met, and promise to do anything. However, the market clearly wants to push USD/JPY higher. 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://www.fbs.com/analytics/2013-03-21/22080-usdjpy-awaits-kurodas-conference -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 21: Asian session EUR/USD holds at yesterday’s close level at $1.2945. Euro remains relatively stable in the current uncertain environment. Cypriot parliament has got some more time to find a solution: banks will stay closed at least until the next Tuesday. The country is now negotiating with Russia and Greece to get financial support. Euro zone is scheduled to release a bunch of PMI indices today (8:00-9:00 GMT). USD/JPY slid to 95.80 after reaching levels above 96.00 yesterday. The Bank of Japan’s new Governor Haruhiko Kuroda will speak today at 10:00 GMT together with new Deputy Governors Kikuo Iwata and Hiroshi Nakaso. AUD/USD keeps struggling to stay above $1.0370 and push higher. Aussie got support from a rather good HSBC manufacturing PMI (51.7 versus forecast of 51.2). NZD/USD is trading back above $0.8250 after New Zealand’s GDP added 1.5% in Q4 (forecast: 0.9%; previous: 0.2%). Yesterday US Federal Reserve pressed forward with its aggressive policy stimulus, saying it will continue to buy $85 billion in mortgage and Treasury bonds per month. The Fed’s Chairman Ben Bernanke said central bank would only slow the pace of its bond buying after the labor market showed sustained improvement. GBP/USD trades sideways around the $1.5115 mark. Today UK will release retail sales and public sector net borrowing (9:30 GMT) and CBI industrial order expectations (11:00 GMT). USD/CAD sits at 1.0251. In the US session Canada will publish retail sales data. 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/2013-03-21/22073-march-21-asian-session -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 20: European session EUR/USD rebounded from the daily lows of $1.2850 to the levels above $1.2900. Cypriot officials are discussing the possible loan extension with Russia. Euro zone’s current account surplus unexpectedly increased to 14.8B (forecast - 7.9B). Later in the day watch the German bond auction results and euro zone’s consumer confidence. GBP/USD shot above $1.5140 area after testing levels below $1.5050. Trading is extremely volatile. According to the MPC March meeting minutes, 6 members of the Committee voted to keep the asset purchase program unchanged at 375 billion pounds, while 3 members (including Governor Mervyn King) once again voted to increase this amount by 25 billion pounds. The refi rate remained intact at 0.5%. The MPC expressed concerns about an “unwarranted depreciation of sterling.” UK jobless rate stayed at 7.8% in line with forecasts. The number of people claiming unemployment-related benefits (Claimant Count change) fell by 1.5K (forecast: -5.2K). 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/2013-03-20/22063-usd-looking-forward-feds-meeting -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD: looking forward to the Fed’s meeting Today is the big day for the Fed and US dollar: the FOMC will release its updated economic projections (18:00 GMT), while Ben Bernanke will attend press conference (18:30 GMT). According to consensus forecast, US central bank will continue buying $85 billion a month in mortgage and Treasury bonds to help economic recovery. Analysts will be watching closely for any sign of optimism about the outlook for 2013, 2014 and 2015. Current forecasts: - Economic growth is to pick up to about 2.7% in 2013 from 2.2% in 2012, before surpassing 3% in 2014 and 2015. - Unemployment rate will be at 6.8-7.3% in Q4, 2014, won't hit the 6.5% threshold needed for a rate hike until 2015. Credit Suisse points out that a brighter outlook could spark expectation that the Fed will prematurely exit its current policy making USD strengthen vs. riskier currencies, so the central bank will be cautious and will only inch up its economic outlook. Barclays, however, says that the committee’s updated economic projections may include slight downward revisions to near-term growth reflecting spending cuts. The specialists don’t expect any hints suggesting near-term plans to curb QE. Photo: Andrew Harrer/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://www.fbs.com/analytics/2013-03-20/22063-usd-looking-forward-feds-meeting -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. EUR/USD: technical levels EUR/USD is trading around $1.2880 after hitting $1.2843 in the evening yesterday. Euro remains under pressure die to the Cyprus uncertainty. Monday’s gap remained only half filled. Resistance lies at $1.2890, $1.2920 and $1.2950. Support is at $1.2868, $1.2843, $1.2800. We look to sell on the recovery attempts around the mentioned resistance levels targeting $1.2800 and ultimately $1.2680/60. Break of $1.3106 is needed to signal short term bottoming. 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/2013-03-20/22057-eurusd-technical-levels -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
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: $1.2800,$1.2850,$1.2870, $1.2920, $1.2950, $1.3000, $1.3050, $1.3125, $1.3250, $1.3350, $1.3360; GBP/USD: $1.5050, $1.5100, $1.5200; USD/JPY: 94.00, 95.00, 95.20, 95.25, 95.75, 96.00; USD/CHF: 0.9450 AUD/USD: $1.0245, $1.0350, $1.0400; EUR/JPY: 121.00,125.00,125.20; EUR/CHF: 1.2200,1.2400. 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/2013-03-20/22052-key-options-expiring-today -
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FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/CHF: bullish view USD/CHF slipped below 0.9450 after having touched 0.9480 earlier in the European session. The pair remains in the upward channel despite the Friday’s spike lower. In our view, the greenback may resume the uptrend while the important support at 0.9380 holds (38.2% Fibo, Friday’s low). A break above 0.9495 (50% Fibo) would open the way to 0.9565 (March 14 high) and 0.9600 (61.8% Fibo). Chart. H4 USD/CHF 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/2013-03-19/22045-usdchf-bullish-view -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 19: European session EUR/USD rebounded to $1.2940 after having touched $1.2915 earlier in the day. Europe printed mixed statistics today. Jan. Italian industrial production rose by 0.8% m/m vs. forecasted contraction. According to Bank of Spain, bad loans ratio rose from 10.44% to 10.78% in January. German March ZEW sentiment improved to 48.5 (forecast - 47.9), while euro zone’s plummeted to 33.4 (forecast - 43.7). Market is waiting for the news from Cyprus – parliament will vote on deposit tax in the coming hours (after 16:00 GMT). Some sources inform that the parliament is likely to reject the plan, at least in its current form. According to unnamed government source, deposits below 20K euro won’t be subjected to tax. GBP/USD rose to $1.5135 after UK consumer prices rose 2.8% on a yearly basis in Feb. (previous: 2.7%), but then retreated down by 20 pips. The core CPI rose by 2.3% matching the previous reading. Producer prices (PPI Input) added 3.2% (forecast: 1.7%). Trading will likely remain volatile as the market’s awaiting the Bank of England’s inflation letter later 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/2013-03-19/22035-march-19-european-session -
Current update of FBS 999 Demo Contest! Dear traders! Current update of your favorite marvelous FBS 999 Demo Contest. Top three contestants details are below. The whole month of exciting trading is waiting for our participants and we will follow the competition. >>Current Top 3 Positions<< Account#373991 Position: 1st Country: Russian Federation Equity: 183048.40 USD Account#374733 Position: 2nd Country: Indonesia Equity: 126840.56 USD Account#369389 Position: 3rd Country: Indonesia Equity: 118757.76 USD Check other contestants ranking Go to the scoreboard: http://www.fbs.com/999-demo-contest/participants?type=cur FBS wishes all the participants good luck! The contest will take place during 01.05.12 - 01.06.12 Contestants ranking: http://www.fbs.com/999-demo-contest/participants?type=cur Contest details: http://www.fbs.com/999-demo-contest We wish all the traders good luck and will carefully follow the contest process! 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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FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. GBP/USD: short-term technical GBP/USD is trying to hold above support at $1.5080/70. If sterling dips below this area, the pair may retest $1.5000. At this point sterling may try to rebound, so one may try longs from $1.5000 targeting $1.5100/10. The loss of $1.5000 might mean decline to $1.4910 and possibly $1.4830. A pullback above last week’s high of $1.5176 is needed for the short-term uptrend to resume. Chart. H4 GBP/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/2013-03-19/22032-gbpusd-short-term-technical -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield EUR/USD didn’t manage to close the week’s opening gap yesterday. The pair peaked to $1.2995 on Monday after closing at $1.3073 on Friday. Today euro has been fluctuating around $1.2950. The single currency seems capped by $1.3000 – the bears still prevail and they didn’t let euro to recover much. RBS warns that “if EUR does not shrug-off this Cyprus event, its recent gradual decent in sentiment will start to turn more decisively negative.” If Cypriot Parliament approves the depositor-levy, EUR/USD may spike up, especially if there is a noticeable reduction in the burden on smaller depositors. There are also risks associated with German ZEW Economic sentiment (10:00 GMT), US building permits (12:30 GMT) and tomorrow’s FOMC and Fed's Bernanke press conference. If $1.3000 keeps limiting EUR on the upside, it will slide to $1.2680/60. Support lies at $1.2911, $1.2880 and $1.2965. Resistance is at $1.3000, $1.3050, $1.3075 and $1.3120. The pair will form a bottom only in case of a rebound above the latter. Trading will likely be choppy today, and much will depend on German data. We favor the scenario of euro’s revisiting $1.2880. 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/2013-03-19/22028-eurusd-news-battlefield -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 19: Asian session EUR/USD is trading in a narrow $1.2935/65 range today. Yesterday euro closed in the positive territory, but the market sentiment still remains gloomy amid concerns about tax on deposits in Cyprus. Parliament is scheduled to vote on the levy during the European session today. As it was announced yesterday, Cypriot banks will be closed until Thursday. According to Cyprus state TV, deposit tax would exempt savers with deposits under 20 000 euros. Today also watch the Italian industrial production (9:00 GMT) and German and euro zone’s ZEW economic sentiment (10:00 GMT). Spain holds a 3-month bill auction today. ECB officials Mario Draghi, Jens Weidmann and Klaas Knot will deliver speeches. USD/JPY recovered to 95.60. Asian stocks rebounded from yesterday’s biggest drop in more than 7 months and demand for safe havens declines. The Bank of Japan Governor Masaaki Shirakawa steps down today and Haruhiko Kuroda will take his place tomorrow, so traders expect more easing from the central bank. AUD/USD is consolidating below $1.0400. The RBA Deputy Governor Philip Lowe defended a higher exchange rate and savings level, saying they helped stabilize the economy. In addition, the minutes of the regulator’s March 5 meeting said there are signs the economy is responding to low interest rates. NZD/USD is trying to hold above $0.8250. Kiwi weakened after Finance Minister Bill English said that it was over-valued, and may correct when the US economy picks up. According to English, interest rates in New Zealand may stay lower for longer. GBP/USD settled around $1.5100. Upside remains capped after the Friday’s test of $1.5175. Today watch the British inflation figures (9:30 GMT). USD/CHF rose a bit from 0.9460. USD/CAD sits at 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-03-19/22024-march-19-asian-session -
iPartner2 contest started! Dear friends, Our exciting contest for IBs “iPartner2” has successfully started. And now participants from all over the globe will do their best to get scores. The 3 best IBs will get iPrizes from FBS: iPhone5, iPad mini or Macbook Pro from FBS! It is simple: Each IB-participant gets points for every deposit and traded lot of his/her clients acquired within a contest period. 3 contestants with the highest amount of points by the end of the contest period will receive iPrizes from FBS! Mind that registration is open within the whole contest period. So you also have a chance to take part and win! Don’t miss it! Contest details Contest period: 1.03.13 – 12.04.13 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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FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
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. 15. 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/2013-03-18/22020-fx-majors-top-forecasters -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 18: European session EUR/USD rose to $1.2976 trying to close the gap between today’s opening in Asia ($1.2837) and Friday’s close in US ($1.3073). European data released today were sour: Italy posted trade deficit of 1.62B euro in Jan. (forecast: 2.11B euro surplus). Euro zone’s trade surplus narrowed to 9.0B euro (forecast: 10.4B). Cyprus is trying to come up with alternative plan of deposit tax shifting the burden from smaller to larger deposits. ECB’s Asmussen said levy imposed in Cyprus is unique. According to the policymaker, Cypriot government can change bail out terms if total sum of the measures remains the same. Cyprus insolvency could hit Ireland, Greece and Portugal. GBP/USD is trading steady above $1.5100 ahead of UK budget release on Wednesday. Euro is trying to close the gaps versus its other peers. EUR/GBP rose from 0.8530, the minimal level since mid-Feb. EUR/CHF is up by more than 40 pips from 1.2167. EUR/JPY went up to 123.00 from 121.62. 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/2013-03-18/22017-march-18-european-session -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. Cyprus bailout crisis: threat for the markets The fragile stability in euro zone was disturbed by the unexpected news from Cyprus: on Friday the EU finance ministers agreed a tax on Cypriot bank deposits in return for a 10 billion euro ($13.07 billion) aid package. Cyprus will impose a 6.75% tax on deposits of less than 100 000 euros and a 9.9% tax – above that amount. As compensation depositors are promised to receive bank shares. The atmosphere in Cyprus is tense: people rushed to banks withdraw money from their deposits after officials announced bailout terms. However, there was not enough money in the ATMs. On Monday and Tuesday Cypriot banks will be closed for an extended national holiday. Cyprus President Nicos Anastasiades urged parties to vote for the haircuts saying that “the choice is between the catastrophic scenario of disorderly bankruptcy and the scenario of a painful but controlled management of the crisis.” Only a few weeks ago Anastasiades promised in his election campaign that depositors would be safe. Anastasiades’s Disy party doesn’t have a majority with only 20 seats in the 56-seat parliament, so he needs at least nine more votes to secure approval. Experts say that current arithmetic suggests 30 votes in favor and 26 against – Cypriot lawmakers will likely be frightened by the possibility of being thrown out of the euro area. However, the distribution of votes may change. At the same time, even if the parliament rejects the package, there could still be room for further negotiations. One is clear: it’s in the interests of the European authorities to bailout Cyprus or the crisis may get out of control. Yet, if Cypriot population will have to pay with bank deposits, this could create a precedent for other peripheral nations like Spain – a potential trigger of new wave of unrest. According to Moody’s, in a short run deposit tax will be negative for the both Cyprus and the rest of Europe, but in the longer term it will help to save the currency block. 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/2013-03-18/22015-cyprus-bailout-crisis-threat-markets -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
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: $1.3000, $1.3055, $1.3060, $1.3100, $1.3190, $1.3200; GBP/USD: $1.4800, $1.4900, $1.5000, $1.5100, $1.5250; USD/JPY: 95.70, 96.05, 96.50, 97.00; AUD/USD: $1.0400, $1.0425, $1.0430. 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/2013-03-18/22009-key-options-expiring-today -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. March 18: Asian session EUR/USD opened the week with a gap down at $1.2920 and is now testing the $1.2900 mark. Euro dropped on the shocking news from Cyprus: European finance ministers want Cypriots to pay up to 9.9% of their deposits in return for a 10 billion euro ($13.07 billion) aid package. Euro zone will publish its trade balance at 10:00 GMT (trade surplus is forecasted to narrow). Later in the day Bundesbank’s President Jens Weidmann will deliver a speech. Stocks and commodities fell sharply in Asia as demand for safe havens increased. USD/JPY opened with a gap down at 94.70 and keeps trading in this area. USD/CHF is up at 0.9440. The pair opened with a gap up, but is below Friday’s high of 0.9476. NZD/USD is fluctuating around $0.8230, below Friday’s high of $0.8280. AUD/USD rose to $1.0400. Australian new motor vehicle sales were unchanged din Feb., while the analysts expected 2.2% decline. Aussie fell versus yen, though, testing the levels below 98.00. GBP/USD slipped back below $1.5100. USD/CAD opened with a gap up and rebounded to 1.0240. Watch the foreign securities purchases 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://www.fbs.com/analytics/2013-03-18/22003-march-18-asian-session -
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