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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. GBP/USD: technical comments GBP/USD slid back below $1.6000 after hitting $1.6018 earlier in the day. Yesterday the pair formed a long-legged doji candlestick with a low at $1.5928. We maintain a bearish view on the cable. The next downside targets are seen at $1.5928 (November 8 low), $1.5912 (August 23 minimum, 50% retracement of an August-September uptrend) and then at $1.5850 (200- and 100-day MAs). Near-term resistance for the pair lies at $1.6018 (daily high), $1.6040 (November 7 maximum) and at $1.6078 (50-day MA). Chart. 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/2012-11-09/20017-gbpusd-technical-comments -
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 retraced to the $1.2780 levels after hitting a 2-month low at $1.2717 on Thursday on improved risk sentiment. We remain skeptic towards the euro as the key issues are far from being resolved. There is no really optimistic news here. The ECB head Mario Draghi yesterday sounded worried about the euro zone’s economic prospects in 2013. Spain held a successful bond auction on Thursday, but there is the other side of the ledger: the country has no urgent need to request aid, so there is no bottom to the Spanish story. On Sunday the Greek government will vote for the 2013 budget. The country is unlikely to get the next aid tranche until the end of November. Everyone has already got used to uncertainty about Spain and Greece. But we are getting the first worrying signals from Germany and France, what means that euro zone’s crisis has begun to affect the region’s largest economies. If Germany is not strong enough, that would raise longer-term risk of a break-up in the euro zone and, therefore, pull the single currency down. The forecasts for EUR/USD are mostly negative. For example, analysts at TD Securities see the pair at $1.1800 already in end of Q1 2013. Under the worst-case scenario this forecast looks quite realistic. Chart. Daily 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/2012-11-09/20014-eurusd-news-battlefieldl -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/JPY: technical & fundamental It seems that during the last 2 weeks USD/JPY has settled in the sideways range between important Fibo levels: on the downside it’s supported by 79.30 (38.2% retracement of the advance from September lows to November highs), on the upside – capped by 80.65 (50% retracement of the decline from March highs to September lows). The indicators on the hourly chart improved. Yet, the pair closed yesterday below the 200-day MA (79.64) for the first time since October 22. Now this line is acting as resistance as well as a hurdle at 79.80 (retracement). There’s the risk of a double top forming if the greenback slides below today’s minimum. Bearish momentum has certainly increased. Next support is around 78.90 (50% retracement, 100-day MA) and then at 78.60 (October 11 high, October 17 low) and 78.30 (January high). Japan releases its Q3 GDP on Monday. If the nation’s economy contracts much – as many fear – yen will get under negative pressure on the expectations of more actions from the Bank of Japan. BOTMUFJ: “We see USD/JPY downside risk being limited as such. This is especially as the balance of flows in Japan continues to reflect a greater degree of outflows.” 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/2012-11-09/20013-usdjpy-technical-fundamental -
FBS.com in Thai! Dear traders, We are proud to announce that FBS has launched the official Thai version of its website. Located at http://www.fbs.com/th, the new language website platform serves as a valuable resource for Thai-speaking traders across the globe. You can access FBS website in Thai at http://www.fbs.com/th 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!
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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. November 9: forex news Risky currencies – AUD, NZD and CAD gained supported by the positive US figures (both unemployment claims and trade gap are down). In addition, St. Louis FRB President Bullard said that the Fed is likely end Operation Twist and commit on further QE3. Chinese economic data was quite positive: the nation posted better-than-expected retail sales, industrial production and fixed asset investment numbers in the year to October. Tomorrow President Obama will make a speech on economy. AUD/USD initially slid to 1.0378 on the RBA dovish minute, in which the central bank cut economic outlook for 2013, but then rose to $1.0430. EUR/USD retraced to the $1.2780 levels after hitting a 2-month low at $1.2717 on Thursday on improved risk sentiment. Euro zone’s uncertainty persists: yesterday the ECB head Mario Draghi said the economic growth will remain weak in 2013. Demand for the euro was also limited after an EU official said a decision on unlocking funds for Greece may not be made until late November. USD/JPY dipped below the 200-day MA yesterday (79.60), but found support around 79.40 and is trading on the upside today. Yen weakened versus its main counterparts on the expectations that data released next week will show that Japanese GDP contracted in Q3 by the most since last year’s record earthquake. GBP/USD returned above $1.6000. Yesterday the pair has formed a long-legged doji candlestick with a low at $1.5928.The sterling is supported by the BoE’s decision to maintain monetary policy. USD/CAD hovers around the 200-day MA (0.9990) after two days of growth. 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/2012-11-09/20011-november-9-forex-news -
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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: bearish outlook The British pound printed a fresh two week low vs. the greenback. GBP/USD dropped to $1.5932 as of writing. Note that the pair remains into the middle of the daily Ichimoku Cloud and below the 50-day MA. We maintain a bearish view on the cable. Demand for the pound is down amid speculation that Madrid may not seek a bailout before the end of this year. What’s more, renewed concerns about the US “fiscal cliff” keep weighing on the risky assets. The next downside targets are seen at $1.5912 (August 23 minimum, 50% retracement of an August-September uptrend) and then at $1.5850 (200- and 100-day MAs). On the H4 chart one may see a bearish convergence and on the hourly chart the cable is oversold, so we concede a short-term bullish correction towards $1.5960. Watch the BoE meeting results at 12:00 GMT. The regulator is not expected to ease policy in November, but there is still a slight doubt: recent weak economic data dampened hopes for a sustained economic recovery in the UK. Anyway, QE still remains on the table: the majority of economists believe the BoE may ease in December or early next year. Chart. Daily GBP/USD 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/2012-11-08/20000-gbpusd-bearish-picture -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. NZD/USD: down and up NZD/USD fell below an important support at $0.8185 (38.2% retracement of September advance) sliding to $0.8160, to the uptrend support line. Kiwi was hit by weak labor market data released in New Zealand. The number of employed people fell by 0.4% in September; unemployment rate rose from 6.8% to 7.3%, while economists expected a decline to 6.7%. Next week will be reach with data from the New Zealand: housing market indicator on Monday, retail sales volume on Wednesday, jobs advertisements, PMI and monthly consumer confidence on Thursday. At the same time, these releases aren’t usually significant market movers. Analysts at Westpac think that NZD will remain under pressure in the week ahead. In their view, the pair NZD/USD will slide to 0.8065 (200-day MA). After that the pair may take course up returning to September highs around 0.8350 as New Zealand economy remains relatively strong and its recovery is intact. Support for kiwi lies at $0.8135 (50% retracement), 0.8110/00 (100-day MA; October 23 minimum) and $0.8080 (61.8% retracement). Chart. Daily NZD/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/2012-11-08/19999-nzdusd-down-and -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. AUD/USD: technical & fundamental AUD/USD hovers above $1.0400, down from yesterday’s spike of $1.0480. The Aussie’s growth remains limited in a risk-off environment even despite better-than-expected labor market data (10.7K of new jobs in October, unemployment rate didn’t rise from 5.4%, though these figures are actually lower than in September). The RBA statement will be released tomorrow. NAB: The RBA needs to see some further deterioration in the labor market to cut again. Today’s data were positive, but by February there should be enough evidence that the economy needs some further support. The next resistance for the pair is seen at $1.0480 (November 7 high), $1.0518 (September 21 high, 78.6% Fib. retracement), $1.0560 (resistance, descending from July 2011 highs) and $1.0620 (August and September highs). The support seems to be strong for now: the pair trades far above the important $1.0330/50 support area, where the 50-, 100- and 200-day MAs came together. As can be seen from the weekly chart, the pair also trades above the crossing 50- and 100-week MAs ($1.0330). The next support is seen at $1.0235 (October 23 low), $1.0200 (October 15 low) and at $1.0150 (October minimum). 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/2012-11-08/19996-audusd-technical-fundamental -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. EUR/JPY: downside risks exist EUR/JPY has been rising since the end of July when it hit the minimal levels since 2000 around 94.10 yen. Now the pair is at a crossroads. Yesterday we’ve cited the recommendation of MIG Bank to buy the pair. Yet, we think that the situation is far from so definite. It’s obvious that the pair will find hard to break above resistance line connecting the maximums of April 2011, March 2012 and the recent October highs. The shooting star formed on the weekly chart a week ago also doesn’t bring much happiness underlining that the longer-term downtrend is still in place. EUR/JPY is trading at 102 yen, at 200-day MA, close to the minimal levels in almost a month. On the H4 chart it’s capped by the 200-period MA (102.19). The pair’s currently hovering above the 38.2% Fibo fan line. If the pair slide below today’s lows (101.75), it will become extremely vulnerable for a decline to 100 handle where it will find some initial support and even to 99.50 (mid-September minimums). Other support levels include 101.20, 100.80 and 100.45 (see the chart). The pair tends to follow overall global sentiment, so there’s really a risk that the selling will accelerate taking into account US fiscal cliff issue and deteriorating European economy. Chart. Daily EUR/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/2012-11-08/19995-eurjpy-downside-risks-exist -
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 is hovering above $1.2750 (38.2% retracement) and remains below the 200-day MA. Yesterday the pair formed a candle with long shadows and touched a two-month low at $1.2736. The pair stands above the strong support at $1.2747 (June highs). A slide lower would open the way for further losses: here the $1.2600 mark heaves in sight (100-day MA, 50% Fib. retracement). Note that the pair remains in a downtrend since the mid-October. However, on the H4 chart one may see a bearish convergence (bullish sign). Resistance is seen at $1.2800, $1.2825 (200-day MA), $1.2870/75 (50-week MA and November 7 high) and at $1.2900 (50-day MA and 23.6% Fib. retracement from a July-September uptrend). Chart. Daily 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/2012-11-08/19993-eurusd-news-battlefield -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/CHF is fighting with resistance USD/CHF started this week above the key resistance provided by 200- and 50-day MAs in the 0.9390 area and inside the daily Ichimoku Cloud. US dollar’s trading at resistance of 0.9450 (50% of this year’s advance) for the fourth day in a row. The next resistance levels are at 0.9540 (100-day MA) and 0.9575 (top of the daily Cloud). Commerzbank: As the pair managed to close above October high of 0.9438, USD/CHF will recover to 0.9505 and then to 0.9580 (50% retracement of the decline from July highs to October lows). On the downside, the pair’s decline will be limited by 0.9300 and 0.9215/0.9195 (October minimums, May 7, 8 minimums). There’s a small divergence on the H4 MACD, so the pair may dip to 0.9425/0.9390 before resuming its advance. The pair’s still broadly supported by the weekly Ichimoku Cloud which lies about 200 pips below the current price. 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/2012-11-08/19991-usdchf-fighting-resistance -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. November 8: forex news Yesterday’s sparkle of risk appetite dimmed as investors started reflecting upon the fact that re-elected President Barack Obama and the US Congress will have a hard time in the coming months trying to avert the fiscal cliff. Today is a busy day with 2 central banks’ meetings and 5 trade balance releases. Asian stocks declined and yen strengthened as a safe haven. USD/JPY eased down to support at 79.85 (32.8% retracement). EUR/JPY slipped to 101.75 yen, the lowest level in almost a month. AUD/USD is very uncertain around $1.0400, down from yesterday’s spike of $1.0480 even despite better-than-expected labor market data (10.7K of new jobs in October, unemployment rate didn’t rise from 5.4%, though these figures are actually lower than in September). EUR/USD is hovering around $1.2750 (38.2% retracement). Yesterday the pair formed a candle with long shadows and touched a two-month low at $1.2736. The single currency came under pressure after the European Commission predicted a weaker economic situation in the euro zone throughout 2013. Spanish economy is expected to shrink by 1.4% in 2013. Moreover, Spain and France will miss their deficit targets. The Greek parliament has finally approved the austerity package needed to get the next 31.5 billion euro tranche. The decision, however, has already been priced in by the markets. Revived concerns about the fiscal cliff sap the risk appetite. Today watch the ECB Press Conference at 11:00 GMT and the US trade balance and unemployment claims at 11:30 GMT. GBP/USD remains below $1.6000 after having tested $1.5953. Watch the BoE monetary policy decision at 12:00 GMT. USD/CAD moves up, but remains below parity. Yesterday the pair touched a 2-week low at 0.9873. Canada will publish its September trade balance today 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/2012-11-08/19986-november-6-forex-news -
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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 stands still ahead of BoE GBP/USD consolidates below $1.6000 after peaking at $1.6041 on Obama re-election. The investors are indecisive ahead of the BoE monetary policy decision on Thursday. Note that the pair remains into the middle of the daily Ichimoku Cloud and below the 50-day MA. Commerzbank: GBP/USD will consolidate in a near term ahead of further losses. The next targets are seen at $1.5912 (August 23 minimum, 50% retracement of an August-September uptrend) and then at $1.5846 (200-day MA). The bearish outlook may be neutralized only above $1.6185. We concede an intraday rally towards the 50-day MA ($1.6070). The Bank of England is expected to leave quantitative easing unchanged at 375 bln pounds and interest rates on hold at 0.5% on Thursday after the economy grew by 1.0% in Q3. Economists were previously forecasting a further £50bn injection of QE at this month's policy meeting, but that view changed after the positive GDP figures. Moreover, the BoE’s deputy governor Charlie Bean questioned in a speech whether QE could boost growth in the current economic climate. Chart. 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/2012-11-07/19977-gbpusd-stands-still-ahead-boe -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/CAD: prepare to go long Risk sentiment propped up Canadian dollar versus the greenback. The pair USD/CAD has returned inside the Ichimoku Cloud and slid below 0.9900 getting support at 0.9877 (daily Kijun-sen). Next support levels are at 0.9845 (23.6% retracement of the decline from June highs to September lows; trend line support; 50-day MA) and 0.9800 (the Cloud’s bottom). Resistance is found at 0.9935 (today’s high, the Cloud’s top), 0.9960 (38.2% retracement, 100-day MA), 0.9990 (200-day MA), 1.0000, 1.0020 (October high). As there are reasons to expect the deterioration of the market’s risk sentiment we still recommend looking for the levels to buy USD/CAD on the dips to 0.9845/00 targeting levels above the parity. Chart. Daily USD/CAD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-07/19968-usdcad-prepare-go-long -
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 (2 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2750, $1.2800, $1.2850, $1.2875, $1.2900, $1.2955; USD/JPY: 79.75, 79.95, 80.00, 80.50; GBP/USD: $1.5915, $1.6025; AUD/USD: $1.0370, $1.0375, $1.0400, $1.0425; EUR/JPY: 104.00; EUR/GBP: 0.8035. 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/2012-11-07/19966-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. November 7: forex news US dollar weakened versus its counterparts as President Barack Obama won the election defeating Republican Mitt Romney. According to the preliminary data, Obama got 303 electoral votes, while Romney – only 203 (huffingtonpost.com). To win candidate has to obtain 270 votes. The market’s speculating that the US will continue monetary stimulus policies which tend to weaken the currency. Risky currencies went up after their initial deep. AUD/USD rose to $1.0450. NZD/USD got up to $0.8280. USD/JPY is trading in the 80.00 yen area after visiting 79.80 earlier today. USD/CHF slid to 200-day MA at 0.9390. As for Congressional elections, the Democrats look set to retain a majority in the Senate while the Republicans also appear to be solidifying their control of the House of Representatives. As a result, the risks of political stalemate are quite real and the market’s risk appetite probably won’t last long. EUR/USD retraced above $1.2850 returning above the 200-day MA after it hit $1.2763 yesterday. Greek parliament will debate today on 13.5 billion euro of austerity measures needed to unlock a 31 billion-euro ($40 billion) portion of international aid. A roll- call vote is expected after 18:00 GMT today. Meanwhile, in Spain Prime minister Mariano Rajoy said that the nation still hasn’t decided about the bailout yet. Tomorrow investors will be watching the ECB meeting. GBP/USD returned back above $1.6000. After the US elections the market focus will now shift to Thursday’s Bank of England interest rate decision. USD/CAD tested 0.9891 (nearly a three-month low). Yesterday Canadian Ivey PMI came out in line with forecasts at 58.3 in October vs. 60.4 in September. 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/2012-11-07/19962-november-7-forex-news -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. Trader's info: economic data by county The table below provides recent data on the main macroeconomic indicators and is an extremely valuable resource for any trader 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/2012-11-05/19934-traders-info-economic-data-county -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. Analysts: trading EUR/USD EUR/USD finally broke out from a sideways range. The pair trades below the $1.2800 hurdle and below the 200-day MA. No wonder that many specialists maintain a bearish view on the single currency. According to analysts at Shelter Harbor Capital, the recent EUR/USD downtrend is less about the US and more about the problems of the rest of the world. Specialists are concerned about the disagreements in the Greek government and the Catalonia's push for independence from Spain. They recommend going short on EUR/USD at current levels, targeting $1.2500 and with a stop at $1.2950. Saxo Bank specialists also recommend opening short positions, with a $1.2600 target and a stop at $1.2930. Meanwhile, Nomura strategists are more moderate in views. They note a win by Mitt Romney could support the dollar. However, they believe capital flows out of Europe have slowed, so it will be hard for the euro to move much below $1.2750. Chart. Daily 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/2012-11-05/19933-analysts-trading-eurusd -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. CFTC trader positioning data Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, November 2, by the Commodity Futures Trading Commission (CFTC) for a week ended October 30. The value of USD net short position decreased from $4.0 billion to $708 million. Also note that net shorts on EUR and JPY increased. Net longs on AUD, NZD and GBP went up, while on CAD - contracted. CHF long positions remained unchanged. 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 -
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 hovers around $1.2830 after having dropped on US employment data on Friday. Today EUR/USD has tested a monthly low at $1.2815. Note that the pair opened the week below the 200-day MA and the 50-week MA. The pair, therefore, approached the bottom of a sideways $1.2800/1.3170 range. A decisive break below $1.2800 could take EUR/USD to $1.2755 (September 9 and 11 minimums, 38.2% Fib. retracement from a July-September uptrend). The next support is seen around the $1.2600 handle. As can be seen from the H4 chart, the pair is oversold, but the overall bias is bearish. From a fundamental view, the single currency remains under pressure because of the renewed concerns about Greece. According to analysts at Westpac, the market is increasingly losing confidence that Greece will finally get the bailout money because the governing coalition is disagreeing more and more. Chart. Daily 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/2012-11-05/19913-eurusd-news-battlefield -
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 (2 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2850, $1.2870, $1.2900, $1.2950, $1.3000; GBP/USD: $1.6000, $1.6195; USD/JPY: 79.50, 79.90, 80.25, 80.50, 81.00; AUD/USD: $1.0350; USD/CAD: 0.9990; EUR/GBP: 0.8000, 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/2012-11-05/19910-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. Merkel: crisis will last at least another 5 years German Chancellor Angela Merkel thinks that it will take the euro area at least another 5 years to overcome the debt crisis. “We need a long breath of five years and more. Whoever thinks this can be fixed in one or two years is wrong,” said the Chancellor at the regional meeting with Christian Democratic Party on Saturday. Merkel still sees austerity measures as the main way to combat the crisis. “We need rigor to convince the world it’s worth investing in Europe,” underlined Merkel. On Wednesday, November 7, Merkel will speak to the European Parliament about the future of European economy. Photo: Getty 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/2012-11-05/19908-merkel-crisis-will-last-least-another-5-years -
“Predict NFP”: contest results(Monday, November 5, 2012)!!! “Predict NFP”: contest results Monday, November 5, 2012 According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for October is 171K. The closest guess was made by Satria Prata. The contestant gets an exclusive T-shirt from FBS. 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!
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