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internationallove

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  1. FBS.com in Tamil!! Dear traders, We are proud to announce that FBS has launched the official Tamil version of its website. Located at http://www.fbs.com/ta, the new language website platform serves as a valuable resource for Tamil -speaking traders across the globe. You can access the Tamil website at http://www.fbs.com/ta 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. Market Analytics:FBS Markets Inc. Dec. 4: US & Asian sessions The RBA cut benchmark interest rate by 25 bps to 3.00% to the half-century minimum. AUD/USD has been very choppy since the announcement, first going to session lows at $1.0406 and then jumping to fresh weekly highs at $1.0460. For now the pair retraced to $1.0440. NZD/USD rose by about 30 pips to $0.8230. EUR/USD is consolidating around $1.3050. The single currency reached a 6-week high after the Greek government announced a 10 billion euro bond buyback. Spain formally requested aid for its banking sector recapitalisation, seeking disbursement of 39.5 bln euros of European funds, as agreed under a June rescue deal. Watch the ECOFIN meetings headlines and the Spanish unemployment change. The market’s sentiment somewhat revived after US disappointed yesterday with weak data: ISM manufacturing PMI slid to 49.5 in November, the weakest since July 2009, reflecting concerns about the fiscal cliff. The White House dismissed a proposal from congressional Republicans on Monday that included tax reforms and spending cuts, saying it did not meet President Barack Obama’s pledge to raise taxes on the wealthiest Americans. USD/CHF keeps fluctuating in the 0.9270/40 area. USD/JPY is trading just above 82.00. GBP/USD is consolidating slightly below $1.6100. Watch the British construction PMI at 9:30 GMT. USD/CAD is hovering around 0.9950. The Bank of Canada will announce its monetary policy decision at 14:00 GMT (markets don’t expect any changes). 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/2012-12-04/20447-dec-4-us-asian-sessions
  3. Current update of FBS 999 Demo Contest (03-12-2012)!!! Dear traders! Current update of your exiting and marvelous FBS 999 Demo Contest. Top three contestants details are below. >>Current Top 3 Positions<< Account# 335903 Position: 1st Country: Singapore Balance/Equity: 230183.97 USD Account# 336381 Position: 2nd Country: Indonesia Balance/Equity: 141811.58 USD Account# 338842 Position: 3rd Country: Indonesia Balance/Equity: 126170.88 USD The whole month of exciting trading is waiting for our participants and we will follow the competition. Click and Check other contestants ranking Go to the scoreboard: FBS wishes all the participants good luck! The contest will take place during 14.11.12 - 14.12.12 Contest details: http://www.fbs.com/999-demo-contest 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!
  4. Market Analytics:FBS Markets Inc. December 3: European session EUR/USD is trading close to the daily highs ($1.3048). The state of euro zone’s manufacturing sector has slightly improved in November. Spanish 10-year yields declined by 10 bps to 5.24%. Euro Stoxx 50 is up by 0.4%. Watch for manufacturing PMI and ISM index in the US. Chancellor Angela Merkel opened the possibility that Germany may ultimately accept a write-off of Greek debt. “If Greece one day can rely once again on its own revenue, without having to borrow, then we’ll have to look at this situation and make an evaluation,” Merkel told Bild am Sonntag. GBP/USD went up from the daily lows at $1.6010, but remains capped by $1.6060. UK manufacturing PMI rose from 47.3 in October to 49.1 in November (forecast: 48.1). AUD/USD stays in the $1.0425/00. NZD/USD sits at $0.8200, at 55-day MA and 200-hour MA after testing $0.8170 earlier today. USD/JPY drifted down to 82.00. USD/CHF is still at 0.9250. 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/2012-12-03/20426-december-3-european-session
  5. Market Analytics:FBS Markets Inc. CFTC: Large players sell yen Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, November 30, by the Commodity Futures Trading Commission (CFTC) for a week ended November 27. The value of USD net long position decreased from $11.2 billion to $8.01 billion. JPY shorts reached its highest level in 2012 - investors sentiment towards the yen is strongly negative. Meanwhile, EUR and CHF shorts were down. Note that demand on the risky currencies increased: GBP, AUD, CAD and NZD longs edged higher. It’s necessary to note that the figures cited above are always a week old at the time of their release. Never the less, CFTC data gives a good oversight into how the market is positioned and if/how these positions are being unwound. Although the CME speculators represent a small fraction of trading in the currency markets, their trades are widely seen as typical of hedge fund investors' currency movements. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-10-08/19460-cftc-trader-positioning-data
  6. 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, $1.2950, $1.2960, $1.2985, $1.3100, $1.3145, $1.3150; USD/JPY: 81.50, 82.00, 82.10, 82.25, 82.60; AUD/USD: $1.0435, $1.0450, $1.0475; EUR/GBP: 0.8030. 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/2012-12-03/20406-key-options-expiring-today
  7. Market Analytics:FBS Markets Inc. December 3: Asian session Upbeat economic data from China (final HSBC manufacturing PMI increased from 49.5 in October to 50.5 in November) boosted risk sentiment making euro gain. Australian dollar, however, dipped due to disappointing local retail sales which heightened speculation that the RBA will cut its benchmark rate tomorrow by 25 bps to 3.00%. AUD/USD is trading just above $1.0400 after breaking the range of the previous week to the downside. NZD/USD is fluctuating in the $0.8200 area, also below last week’s range. USD/CHF is in the 0.9250 zone, on the lower edge of its recent range. EUR/USD touched a fresh 5-week high at $1.3047 as the risk sentiment improved. Earlier in the day euro came under pressure after Moody's cut its rating on the European Stability Mechanism (ESM) to Aa1 from Aaa on Friday, keeping a negative outlook. It also lowered its provisional rating on the European Financial Stability Facility to (P)Aa1 from P(Aaa), citing a recent downgrade of France's sovereign rating. Today Greece is expected to unveil the details of a bond buy-back. Watch the Eurogroup meeting results and the European December PMIs. GBP/USD rose to $1.6045. Cable is trading above the bearish channel, but for now the upside is capped by the 50-day MA ($1.6050). The pair remains in a short-term sideways range. Great Britain will release its manufacturing PMI 9:30 GMT. USD/CAD trades around 0.9920. The pair continues a sideways trade and is supported by the convergent 100- and 50-day MAs. USD/JPY is little changed around 82.40. EUR/JPY is trading around 7-month highs of 107.40. Bank of Japan Governor Masaaki Shirakawa said that the central bank is committed to loosening monetary policy aggressively on condition there is no substantial risk to sustainable economic growth such as a buildup of imbalances. 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/2012-12-03/20404-december-3-asian-session
  8. 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!
  9. FBS Breakeven Trading!!! FBS is the world’s first broker that offers its clients to get their lost money back. A civilized society hasn’t invented better way of protection than insurance. It guaranties compensation of any sudden losses. By this means, insurance is really necessary for everyone. There are many different types of insurance that exist to live a stress free life. So why don’t you reduce the risks and insure your trading? Now you have an opportunity to protect your deposit and focus only on making profit.You can insure from 10% to 100% of your deposit. In case your initial deposit is lost FBS will return insurance amount at once.* “FBS Breakeven Trading” details: http://www.fbs.com/breakeven *Only if insurance conditions are met. 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!
  10. Market Analytics:FBS Markets Inc. AUD under pressure ahead of the RBA meeting EUR/USD: bullish view; in case of a break above $1.3023 euro may rise to $1.3140/72. Support is at $1.2939 and $1.2880. GBP/USD: neutral view; resistance is at $1.6069. If pound breaks higher and closes above this level, it will get chance to rose to $1.6126. Support is at $1.6002 and $1.5962. USD/JPY: bullish view; in case of a break above 82.85 dollar will rise to 83.30. Support is at 81.69/40. USD/CHF: bearish view; focus on support at 0.9215 – if dollar breaks below this level, it will become vulnerable for a decline to 0.9041. Resistance is at 0.9304 and 0.9341. 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/2012-11-30/20398-ubs-comments-fx-majors
  11. Market Analytics:FBS Markets Inc. AUD under pressure ahead of the RBA meeting The Australian dollar remains under pressure amid speculation the RBA may cut rates on its final meeting for the year on Tuesday (Dec. 4) in order to shelter the economy from a slowdown in mining. Markets are widely a rate cut: according to Credit Suisse research, 83% of traders forecast a cut by 25 bps. Commonwealth Bank of Australia: We don’t think an actual cut next week will put too much downward pressure on Aussie – a lot of the cuts are already factored into the market. Morgan Stanley: Deteriorating domestic fundamentals and terms of trade suggest that the Aussie is likely to remain vulnerable. The Australian dollar appears to be losing its appeal as an investment currency. Barclays: the RBA will make a 25-bps rate cut next week, but demand for Aussie as high-yielding currency will support the rate. AUD/USD will trade in a tight range with a downward bias. Image: 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/2012-11-30/20393-aud-under-pressure-ahead-rba-meeting
  12. 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, $1.2950, $1.3000, $1.3020; GBP/USD: $1.6025; USD/JPY: 82.00, 82.15, 82.25, 82.40, 82.50, 82.95; USD/CHF: 0.9150; AUD/USD: $1.0370, $1.0450; USD/CAD: 0.9970; EUR/JPY: 107.00; EUR/GBP: 0.8085, 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/2012-11-30/20389-key-options-expiring-today
  13. Market Analytics:FBS Markets Inc. November 30: Asian session MSCI Asia Pacific Index of shares rose by 0.6%. USD/JPY jumped up from levels just above 82.00 to 82.45. EUR/JPY rose to 7-month high of 107.30. Japan’s core CPI was unchanged y/y in October, Tokyo core CPI fell by 0.5% in November fanning speculation the central bank will increase stimulus to spur inflation. Opposition leader Shinzo Abe once again called for the Bank of Japan to pump unlimited cash into the financial system until inflation reaches 2%. Aussie declined on slowing business investment in Australia. AUD/USD slid below $1.0435 yesterday and is staying down there today, supported by 200-hour MA. NZD/USD slid from yesterday’s high of $0.8265, but is supported by the uptrend line. The situation in the US is rather good. The negotiating about the fiscal cliff started, pending home sales added 5.2% last month (forecast: 0.9%). Later today watch for Chicago PMI, core PCE price index and personal spending. EUR/USD is trading around $1.3000. Yesterday the pair tested a new monthly high at $1.3013. Some more news about the Greek deal: the IMF will disburse Greece’s next bailout tranche only if the country completes a voluntary buy back of its debt by December 13, an IMF spokesman said on Thursday. Meanwhile, Greek banks don’t desire to buy the bonds back: according to them, stakeholders have already suffered huge losses earlier this year and that the buyback would constitute a disproportionate burden for them. Watch the economic calendar today – euro zone will release a bunch of important data (inflation, unemployment). Mario Draghi will deliver a speech in Paris. German parliament will vote today to ratify the amended aid plan to Greece. GBP/USD strengthened to $1.6050. Yesterday the cable has finally started to move after a consolidation. USD/CAD is hovering around 0.9930. The pair is supported by the 100-day MA. Canada will publish its monthly September GDP at 13:30 GMT (forecast: moderately positive). USD/CHF keeps moving sideways in the 0.9300/9250 zone. 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/2012-11-30/20387-november-30-asian-session
  14. New contest for Partners!!! Dear partners! Now you have a chance not just receive commission from your clients’ trading, but also win valuable prizes from FBS! Take part in our new exciting “iPartner” Contest and win iPhone, iPad or Macbook 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 point by the end of the contest period will receive iPrizes from FBS! Contest details 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!
  15. Current update of FBS 999 Demo Contest!!! Dear traders! Current update of your exiting and marvelous FBS 999 Demo Contest. Top three contestants details are below. >>Current Top 3 Positions<< Account# 336381 Position: 1st Country: Indonesia Balance/Equity: 158989.42 USD Account#335903 Position: 2nd Country: Singapore Balance/Equity: 123025.39 USD Account#339795 Position: 3rd Country: Indonesia Balance/Equity: 87637.03 USD The whole month of exciting trading is waiting for our participants and we will follow the competition. Click and Check other contestants ranking Go to the scoreboard: FBS wishes all the participants good luck! The contest will take place during 14.11.12 - 14.12.12 Contest details: http://www.fbs.com/999-demo-contest 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!
  16. Market Analytics:FBS Markets Inc. GBP/USD stalled above $1.6000 GBP/USD remains above the $1.6000 mark and keeps trading without a clear direction for a fourth day in a row. Investors became indecisive as last Friday the pair reached the upper boundary of a bearish channel, existing since September. Cable keeps forming long-shadowed candles: this week we’ve already seen two hammers and a shooting star. The upside is capped by $1.6060 (50-day MA, November 27 high), while on a downside the pair is supported at $1.5960. Cable lacks the positive sentiment to break above the channel. Growth will be contained below $1.6070 (daily Ichimoku, 50% Fibo). Watch the news on fiscal cliff in US: these days they are the strongest risk sentiment driver. Resistance: $1.6030, $1.6050/70, $1.6100 Support: $1.0600, $1.5960, $1.5920, $1,5900 Сhart. Daily 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/2012-11-29/20371-gbpusd-stalled-above-16000
  17. Market Analytics:FBS Markets Inc. EUR/USD is supported by good headlines EUR/USD rose to $1.2990. There might be sell orders clustered from here to $1.3000. Risk appetite improved after better than expected Swedish Q3 GDP, higher euro zone November economic sentiment and Italian November manufacturing business confidence. German October employment report also came rather well. In addition, S&P affirmed China’s AA-/A-1+ rating with stable outlook. Italian debt auction also went well. The nation sold 5.982 bln euro out of the targeted 4-6 bln euro. The yield on 10-year bonds was lowest since November 2010. Chart. Daily 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/2012-11-29/20370-eurusd-supported-good-headlines
  18. Market Analytics:FBS Markets Inc. JPMorgan: USD/JPY will remain stable in 2013 According to analysts at JPMorgan, USD/JPY will remain directionless in 2013. In their view, the global economy will follow a gradual recovery trend in 2013 and that the euro crisis will not deepen. As a result, risk sentiment will improve and both USD and JPY will come under pressure. USD/JPY, therefore, is expected to remain unchanged. 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/2012-11-29/20368-jpmorgan-usdjpy-remain-stable-2013
  19. 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. 2920, $1.2925, $1.3000; USD/JPY: 81.60, 81.80, 81.90, 82.25; USD/CHF: 0.9150; AUD/USD: 1.0350, 1.0360, 1.0450, 1.0465, 1.0535; EUR/JPY: 106.75. 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/2012-11-29/20358-key-options-expiring-today
  20. Market Analytics:FBS Markets Inc. November 29: forex news Asian stocks gained, MSCI Asia Pacific Index of shares rose 0.9%; the sentiment is risk-on. President Obama supported the market sentiment by saying that the US “ultimate goal is an agreement that gets the long-term deficit under control.” Obama believes that “both parties can agree on a framework that does that in the coming weeks.” Treasury Secretary Timothy F. Geithner meets congressional leaders today to discuss the fiscal cliff. In addition, the US is expected to release upbeat Q3 GDP figures (cons.: 2.8%; initial reading: 2.0%). AUD/USD is moving sideways in the $1.0485/35 area. NZD/USD is testing Friday’s maximum ($0.8250). USD/JPY is trading in the 82.20/00 area after it tested 1-week low of 81.70 yesterday. EUR/USD is consolidating around $1.2950. Yesterday’s losses were capped by the 50-day MA. On Wednesday the European Commission announced its approval of the plans to restructure Spain's 4 nationalized banks: Bankia, Nova Caixa Galicia, Catalunya Caixa and Banco de Valencia. According to Vice President of the European Commission Joaquín Almunia, the injection of 37 bln euros of the bank rescue would require a 60% reduction in the size of the nationalized financial institutions by 2017. Italy holds a 10-year bond auction today. GBP/USD keeps trading above $1.0600. Investors have been indecisive for three days in a row. The BoE Governor Mervin King will deliver a speech today. USD/CAD is testing the 100-day MA on a downside (0.9920). Canada will release its current account data at 14:30 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/2012-11-29/20354-november-29-forex-news
  21. Be Mobile with FBS -Trade on Meta Trader 4 on your IPhone! Dear traders! Trading with FBS becomes more convenient as now you can trade anytime and anywhere! FBS is happy to announce that now you can download the Mobile version of MetaTrader 4 terminal on your iPhone! Since today the Mobile version for iPhone is available for all devices using iOS, such as iPhone, iPad and iPod Touch. It has many options for trader of any level of experience: all the tools and instruments available make trading even more pleasurable than before! Now you can trade in any place of the world and see the quotes on your device’s screen any time you need it. Ability to control your trading with minimum traffic is the great advantage of mobile terminal. Download MetaTrader 4 mobile for free and enjoy trading! See the details here: http://www.fbs.com/platforms 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!
  22. 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: $1.2875, $1.2900, $1.2925, $1.2935, $1.2940, $1.2945, $1.30004 GBP/USD: $1.6000 (large); USD/JPY: 81.50, 81.55, 82.00, 82.25; AUD/USD: $1.0450 (large). 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/2012-11-28/20350-key-options-expiring-today
  23. Market Analytics:FBS Markets Inc. USD/CAD: levels & comments USD/CAD breached support at 0.9990 at the beginning of the last week, after that consolidated in the narrow range above 0.9950 and then slid through this mark on Friday. This week the pair’s sitting in a 50-pip range of 0.9950/00. For now we expect the pair to move sideways in the 0.9900/1.0040 area and recommend limiting the trade to short-term intraday swings on risk sentiment. Support: 0.9920 (100-day MA), 0.9905 (yesterday’s low) and 0.9875 (November 7 minimum). Resistance: 0.9960, 0.9990, 1.0000. Scotiabank: “The most important issue for CAD traders is the juxtaposition against the BoC hawkish bias versus the Fed’s notably loose policy, including the likely expansion of QE3 in December. For near-term and medium-term positions, we are biased for USD/CAD downside (CAD strength)”. MIG Bank: “The underlying trend is negative; the rise from 0.9633 is a countertrend move. A medium-term resistance is at 1.0250 (July 12 high)”. Chart. H4 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/2012-11-28/20343-usdcad-levels-comments
  24. Market Analytics:FBS Markets Inc. Australia: on the brink of recession? According to analysts at Saxo Bank, Australia has two years to strengthen the economy in order to avoid a recession. If no effective measures will be taken, the country will follow the ailing euro zone. For now Australian economy remains relatively stable, but certain segments of the economy are sending out worrisome signals: mines are closing, people are losing jobs, and households – their homes due to high mortgage rates. Specialists say RBA needs to reduce rates by 1.25 b.p. within a year in order to stimulate economic activity in Australia. The regulator has to move the Aussie down to around $0.8500. Asia’s richest woman and mining magnate Gina Rinehart sounds in tune with analysts: she underlines that Australia risks facing a debt crisis similar to the European one because of overspending and a loss of competitiveness. Image: CNBC 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/2012-11-28/20342-saxo-bank-australia-will-face-recession-2-years
  25. Market Analytics:FBS Markets Inc. Commerzbank: bulls on USD/JPY Specialists at Commerzbank forecast USD/JPY to jump to 85.20. They believe USD/JPY is developing a bullish flag pattern. The pair is currently consolidating below 78.6% Fibo retracement from the March-September decline and the 2011-2012 resistance line (82.40/83.20). A break above 82.40 would confirm the continuation of the bullish trend. The upside is likely to be contained at 85.20. 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/2012-11-28/20338-commerzbank-bulls-usdjpy
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