Exchange Blog Cryptocurrency Blog
internationallove
Member-
Posts
3,649 -
Joined
-
Last visited
-
Days Won
1
Everything posted by internationallove
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/JPY: trading recommendations USD/JPY slid to 82.10. Last Friday the pair tested 82.80 on positive US NFP, but failed to fix there. The pair is testing the levels below the thin H4 Ichimoku Cloud. The technical picture is not so optimistic, but most analysts remain strongly bearish on the yen ahead of the forthcoming election (Dec. 16) and the expectedly dovish BoE meeting (Dec. 20). For example, Morgan Stanley recommends buying at 82.00 with a stop at 81.50 and a target of 84.00. Analysts at Commerzbank give a very similar recommendation: buy USD/JPY at 82.20, with a stop at 81.65 and a target of 85.00 (200-week MA). In their view, the pair will resume the uptrend after some consolidation below 83.12 (2011-2012 resistance). A slide below 81.70 may cause a correction to 80.60. 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-12-10/20553-usdjpy-trading-recommendations -
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 December 7. 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/2012-12-10/20550-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. Dec. 10: European session EUR/USD is consolidating around $1.2900 after having tested $1.2867 in the Asian session. Euro zone released a bunch of negative data: French and Italian industrial production slowed more than expected, German trade deficit widened and Sentix investor confidence came deeper into the negative territory, indicating growing pessimism. Euro Stoxx 50 is down by 1.22%. GBP/USD edged slightly higher to $1.6040. Watch the BoE Governor King speaking at 17:15 GMT. USD/JPY slipped below the 200-hour MA (82.23) and is moving to 82.00 and most likely lower as the demand for greenback is lower ahead of the FOMC on Wednesday. USD/CHF almost closed bullish gap with the pair sliding to 0.9350. AUD/USD is still on the downside from the opening price, around $1.0480. USD/CAD retraced from a 2-month low at 0.9865, but remains below 0.9900. 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/2012-12-10/20547-dec-10-european-session -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. GBP/USD: rally ran out of steam GBP/USD slid from last week highs to $1.6030. It seems that the cable resumed the downtrend after having formed a top at $1.6130 (61.8% Fibo, Upper Bollinger). Sterling reentered the daily Ichimoku Cloud and has already tested the levels below. The pair is sitting on a strong support at $1.6030/10: here we see the upper boundary of the bearish channel, the 50-day MA and 38.2% Fibonacci. A slide below these levels would confirm the bearish prospects of the pound. Nomura: The upward breakout has been exhausted, our target is $1.5980. Commerzbank: Sell with a stop at $1.6185 and a target of $1.5900. Support: $1.6030/10, $1.6000, $1.5980, $1.5960 Resistance: $1.6070, $1.6130, $1.6185 Watch the BoE Governor King speaking at 17:15 GMT. 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/2012-12-10/20542-gbpusd-rally-ran-out-steam -
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, $1.2885, $1.2900, $1.3000, $1.3050, $1.3055; GBP/USD: $1.6000, $1.6200; USD/JPY: 82.20, 82.70, 83.00, 83.50; AUD/USD: $1.0435, $1.0450, $1.0465, $1.0525; EUR/JPY: 105.95, 106.75; EUR/GBP: 0.8185. 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/2012-12-10/20534-key-options-expiring-today -
“Predict NFP”: results of the contest!!! “Predict NFP”: contest results Monday, December 10, 2012 - 06:15 According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for November is 146K. Indisputable winner of "Predict NFP" contest is Mang Ncep, 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) FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
Happy weekend from entire FBS team! FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/CHF: breakthrough to the upside USD/CHF finally broke out of 0.9300/9240 area and rose to 0.9350 (55-day MA), where it found some resistance. Analysts at Commerzbank expect US dollar to continue recovering. Above 0.9350 the pair will target 0.9420 (200-day MA, top of the Ichimoku Cloud at H4) and eventually retest 0.9505/13. Chart. Daily 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/2012-12-07/20524-usdchf-breakthrough-upside -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. GBP/USD may resume the uptrend GBP/USD is trading around $1.6040. Demand for risky currencies was slashed by the ECB Draghi's comments. On Thursday cable dropped from monthly highs of $1.6130 and broke below the important $1.6070 support (recent resistance, 50% Fibo). The pair stopped slightly above the upper boundary of a bearish channel, 55-day MA and lower boundary of a daily Ichimoku ($1.6040/30). We remain bullish on GBP/USD above $1.6030. US NFP release at 13:30 GMT may influence the sterling. Negative figure could form a pin on a downside, but later the cable is likely to resume the uptrend. Positive figure would support the greenback - however, this is very unlikely. Watch the UK consumer inflation expectations and industrial production data at 09:30 GMT. Resistance: $1.6070, $1.6130, $1.6200 Support: $1.6030, $1.6000, $1.5990, $1.5960 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/2012-12-07/20520-gbpusd-may-resume-uptrend -
Bonus for IBs! Dear IBs, We are pleased to announce that now you have an opportunity to be rewarded not only for your clients’ real trading, but for no deposit bonus also! You will earn $1 for each $5 Bonus received by your clients. Moreover, FBS will pay you real money even for a sub-client of any level. Success is simple with FBS! Promotion conditions! FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
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: $1.2900, $1.2975, $1.3000, $1.3010, $1.3080, $1.3100; GBP/USD: $1.6100; USD/JPY: 81.50, 82.00, 82.25, 82.30, 82.50, 82.65, 83.00; AUD/USD: $1.0400, $1.0420, $1.0450, $1.0500, $1.0520; USD/CAD: 0.9920; EUR/JPY: 107.00. 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://www.fbs.com/analytics/2012-12-07/20516-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. Dec. 7: Asian session Asian shares touched fresh 16-month highs on the optimism about China’s economic data which are released next week. All eyes today are on US nonfarm payrolls data (13:30 GMT): the markets look forward to weaker reading and more easing from the Fed – that will be negative for the greenback. AUD/USD is once again trading below $1.0485 after yesterday it tested the levels above this resistance ($1.0515). NZD/USD is moving sideways on H1 chart above $0.8300, below yesterday’s peak ($0.8348). EUR/USD is trading slightly above $1.2950 after yesterday’s sharp drop on Mario Draghi’s comments during the ECB press conference. Draghi pulled euro down by lowering GDP forecasts and hinting at possible rate cuts. Today Mario Draghi will deliver another speech at 10:00 GMT – investors will search out additional dovish signs. There is a piece of worrisome news from Italy: on Thursday Silvio Berlusconi's People of Freedom party withdrew its support for Prime Minister Mario Monti, raising the risk of a snap election. Yen weakened versus the majority of its counterparts on speculation the Bank of Japan will boost monetary easing to counter the nation’s drop into an economic recession: Japan will release revised Q3 GDP on Dec. 10 and economists expect that a 0.9% q/q contraction will be confirmed. USD/JPY rose to 82.56, but then eased down to 82.40. USD/CHF rose by about 60 pips yesterday fixing above 0.9300 after the ECB press conference. GBP/USD retraced to $1.6050 after having tested $1.6040 yesterday (55-day MA). Watch the UK consumer inflation expectations and industrial production data at 09:30 GMT. USD/CAD is consolidating around 0.9910. Bulls remain indecisive for a second day in a row: yesterday the pair formed a long-legged doji candle. The pair is cramped between the 100- and 55 day MAs. Canada will release important labor market data at 13:30 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/2012-12-07/20514-dec-7-asian-session -
Deposit bonus is back with better conditions! Deposit bonus is back with better conditions! Dear traders! We are glad to announce the launch of 30% bonus on deposits promotion starting on July 9, 2012. Now when you deposit your trading account at FBS you’ll get 30% bonus! Thus you will have more funds for trading and consequently more opportunities to get profit! More deposit, more funds, more profit! See more details here FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/CHF: wait for the range to break USD/CHF keeps consolidating in the 0.9300/9240 area. Today’s trading range is even narrower (0.9280/55). Commerzbank is long USD/CHF at 0.9264 with stop at 0.9215 and target of 0.9500. UBS, on the other hand remains bearish. We recommend staying pat until the range is breached. Tomorrow’s NFP release in the US (13:30 GMT) may finally shake the market and provide the necessary driver to either side. Resistance: 0.9300, 0.9350 (55-day MA), 0.9420 (200-day MA). Support: 0.9240, 0.9125, 0.9180, 0.9100. Chart. Daily 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/2012-12-06/20512-usdchf-wait-range-break -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. RBS: get ready to sell EUR/GBP Analysts at RBS recommend watching EUR/GBP today and tomorrow getting ready to enter the market next week with a short position. One should watch if the reversal candle is formed on the weekly chart. Resistance is situated in the 0.8156/62 area, so RBS recommends placing stops above this area on a weekly close basis and target 0.7757. Chart. Weekly EUR/GBP 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/2012-12-06/20509-rbs-get-ready-sell-eurgbp -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. EUR/USD: downward correction EUR/USD corrected from 7-week highs around $1.3125 to $1.3045. Buy orders are clustered in the $1.3040/50 (close to support live from November 21) and $1.3000/10 zones. The level $1.2950 provides technical support (38.2% retracement of November-December advance). Sell orders are found in the $1.3080/00 and $1.3130/50 areas. The level $1.3170 provides technical resistance. Today watch for the ECB meeting. According to consensus forecast, the central bank will leave its policy unchanged for now, so pay attention to ECB’s economic forecasts for the next year: the bank is likely to cut its euro zone’s economic growth outlook for this year and 2013, including core countries as Germany. Hints on future rate cuts may put some pressure on euro. For now, we regard the recent decline in EUR/USD as correction. Euro has been quite resilient in November. There were many discouraging news on Wednesday (bad Spanish auction, bailout rumors, Greece’s downgrade by S&P), but euro slid by only 30 pips from the opening price. Daily technical pattern shows that euro will likely end up in red today. The pair may rest $1.3000 today, but we’ll stick to the correction scenario, unless the pair slides below this psychological level. 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/2012-12-06/20504-eurusd-downward-correction -
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: $1.2965, $1.2975, $1.2990, $1.3000, $1.3020, $1.3050; GBP/USD: $1.6100, $1.6010, $1.6040; USD/JPY: 81.30, 82.00, 82.25, 82.50; AUD/USD: $1.0410, $1.0500; NZD/USD: $0.8220, $0.8240; EUR/GBP: 0.8100; EUR/CHF: 1.2110. 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/2012-12-06/20500-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. Dec. 6: Asian session Asian shares rose to a 16-month high after US President Barack Obama said a deal to avert the fiscal cliff of year-end tax hikes and spending cuts was possible in “about a week” if Republicans compromise on taxes. AUD/USD is making rather volatile moves in the $1.0480/40 area. Australian November employment data came rather good: jobless rate unexpectedly fell to 3-month low of 5.2%. NZD/USD rose to $0.8300 as the RBNZ left the benchmark rate unchanged at the record low of 2.5%, encouraging expectations for faster growth over the next 2 years. EUR/USD slid to $1.3050 after yesterday’s test of a fresh 7-week high at $1.3130. The single currency came under pressure after S&P downgraded Greece to selective default. Today the revised euro zone’s Q3 GDP is to confirm that the economy contracted by 0.1%. Later in the day ECB holds a policy meeting (12:45 GMT). The regulator is likely to remain on hold. USD/JPY keeps trading in the 81.70/82.80 area. Today dollar’s on the upside after the pair formed bullish engulfing on the daily chart yesterday, though the market looks indecisive and USD’s fluctuating around 82.50. USD/CHF is still trapped in the 0.9300/9240 range. GBP/USD slid back below the $1.6100 mark. The Bank of England meets at 12:00 GMT. MPC will probably leave their QE target unchanged at 375 billion pounds. USD/CAD returned to 0.9925 after having tested the lower boundary of a recent flat channel. The pair trades above the crossing 100- and 50 day MAs. 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/2012-12-06/20498-dec-6-asian-session -
FBS makes you a unique offer!!! New FBS promotion: Liberty Reserve +3%! >>FBS makes you a unique offer!<< FBS grants withdraw able 3% deposit bonus to all its clients at every trading account deposit made via Liberty Reserve. Compensate your deposit and withdrawal expenses via Liberty Reserve and enjoy electronic currency advantages with FBS ! Promotion Rules: Each deposit via Liberty Reserve is granted with 3% bonus Bonus is granted to all account types You may withdraw your bonus funds in 1 month after deposit In order to withdraw your bonus funds you should trade 30 orders or more Each case is considered individually FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. Dec. 5: European session EUR/USD is correcting down after reaching $1.3126 earlier today. The pair is now in the $1.3100 area. Support lies at $1.3085 and $1.3070. Spain conducted debt auction, sold 4.251 bln euro of 3-, 7- and 10-year bonds (out of a targeted 3.5-4.5 bln euro), though yields on the first 2 were higher. Services PMI in euro area came mixed in comparison with expectation, though all below the key 50-point mark. Euro Stoxx 50 is up by 0.34%. GBP/USD is trading above $1.6090 and the bears are actively testing the strength of this support. UK finance minister George Osborn is making an Autumn Statement today. The comments will be very important amid the fears that the nation may lose its top credit rating. USD/JPY is trading in a very tight range today, sitting right on the 100-hour MA at 82.20. AUD/USD failed at $1.0485 and slid to $1.0460. NZD/USD is little changed in the $0.8255/40 area. Later today in the US watch the ADP employment report (will provide some hints to Friday’s NFP); ISM services PMI & factory orders. 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/2012-12-05/20478-dec-5-european-session -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. AUD/USD trades below $1.0500 AUD/USD is hovering around yesterday’s high at $1.0480, supported by the overall positive market sentiment and optimism about China’s economic health. Bulls have once again approached the $1.0490/1.0500 resistance area. We have already seen two unsuccessful attempts to overcome it in November. The next resistance will be seen at $1.0570 (2011 and 2012 resistance line). Westpac: Likely mixed news on commodities and US fiscal policy should push the pair to $1.0400 by the year end. However, in Q1 2013 commodity prices should swing higher on stronger Chinese growth. We target $1.0600 by March 2013. Resistance: $1.0490/1.0500, $1.0570, $1.0600, $1.0625 Support: $1.0425, $1.0400, $1.0390, $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/2012-12-05/20476-audusd-trades-below-10500 -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. What to expect from Friday's NFP? This week speculators will be focused on November NFP release (Friday, 13:30 GMT). Economists forecast a NF job growth of just 91K, a sharp decline from 171K in October. Operation Twist expires at the end of the year, so many market players expect additional monetary easing from the Fed on the Dec. 12 meeting. Perhaps the employment data will shed some light on the regulator’s intentions. Barclays: We expect modest downside surprises from both NFP and unemployment data. Reasons for the likely drop are clear, but investors may still react negatively. UBS: Friday’s US NFP will determine market’s sentiment and everyone will be focused on US fiscal cliff. Note though, that many analysts warn that it may be quite difficult to get a clear picture of US labor market based on November NFP due to the impact of the hurricane Sandy. Why is NFP important? The payrolls data represent the key figures for US labor market. The Fed is guided by the state of American market when it decides how much monetary stimulus to add to the economy. Monetary stimulus, in its turn, is weakening USD. Chart. US NFP (2006-2012) Source: forexfactory.com 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/2012-12-05/20473-what-expect-fridays-nfp -
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. 3025, $1.3030, $1.3095, $1.3125; GBP/USD: $1.6030, $1.6060; USD/JPY: 81.30, 81.50, 82.00 (large), 82.20, 82.75; AUD/USD: $1.0425, $1.0440, $1.0450, $1.0475, $1.0500; EUR/JPY: 106.25, 107.00, 107.90; EUR/GBP: 0.8100. 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/2012-12-05/20470-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. Dec. 5: Asian fx session The market’s sentiment seems quite positive. China’s index Shanghai Composite added 2.90% on the improved expectations about Chinese economic growth. AUD/USD added about 50 pips yesterday. Today Aussie is trading on the upside, though capped by resistance at $1.0485. Australian GDP added 0.5% q/q in Q3 (forecast: 0.6%). NZD/USD is once again at $0.8250, at the upper edge of the past week’s range. The RBNZ will meet later today, the central bank’s expected to leave benchmark rate at 2.50%. EUR/USD tested a fresh 7-week high at $1.3125. The pair is moving towards the $1.3170 September peak. The single currency is supported by the efforts to resolve Greek and Spanish problems. According to Greek PM Samaras, Grexit has become much less likely after the Eurogroup decisions. Spanish bond yields declined to 5.25% - level unseen since March. However, the country is likely to miss its 2012 deficit targets. Meanwhile, the greenback is pressured by expectations the Fed may launch a new bond purchase scheme to replace Operation Twist. Today watch euro zone’s service PMIs and retail sales data. Spain holds a 10-year bond auction. USD/JPY remains in the 82.80/81.70 area where it’s staying for 2 weeks. Today dollar made a swift move from 81.80 to 82.30. USD/CHF is consolidating in the 0.9275/55 zone. GBP/USD trades on the upside above $1.6100 mark, but below yesterday’s monthly high of $1.6130. Watch the British services PMI at 9:30 GMT and the Autumn Forecast Statement at 12:30 GMT. USD/CAD remains under pressure after the BoC decision to leave rates at 1.00%. The pair is testing the 100-day MA at 0.9910. Later today in the US watch the ADP employment report (will provide some hints to Friday’s NFP); ISM services PMI & factory orders. 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/2012-12-05/20468-dec-5-asian-fx-session -
New exclusive service for IBs: Ready Posts for Facebook! Dear IBs, FBS launched a new service for you – exclusive posts for Facebook. Now you can acquire clients via Facebook easier and more efficiently. Connect your Facebook profile to your FBS Personal Area, choose a post from a catalogue and send it to your timeline. Every published post will contain your referral link. Each person to follow the link in the post will become your client automatically. A catalogue of posts is already available in your FBS Personal Area. Acquire even more clients with exclusive posts from FBS! Earn more than ever! FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)