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internationallove
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Happy Weekend from entire FBS team!!! HAPPY WEEKEND FROM FBS 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!
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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. Asia: things seem to improve We have got pretty used to all concerns about Asian growth slowdown which weight on the market’s risk sentiment. Yet, some analysts think that the worst may be behind. Take notice of these recent developments: - China: October manufacturing PMIs improved. Official PMI rose from 49.8 to 50.2 in October, the first time in 3 months it has crossed back above the 50.0. HSBC’s PMI went up from 47.9 to 49.5, 8-month high. - South Korea: Exports added 1.2% y/y in October showing first improvement in 4 months and well above expectations. September factory output increased for the first time in 4 months. - Indonesia: Exports rose by 13.21% m/m in September. HSBC’s PMI rose from 50.5 to 51.9. - India: HSBC’s PMI rose from 52.8 to 52.9. ING: “More investor-friendly financial policies in the euro zone and the US in September have released pent-up demand, and that will support activity in Q4.” ANZ: “The trade downturn which everybody was concerned about appears to be easing. This is shown by trade numbers out of several countries, as well as improvement in the new export order component of the PMIs. Concerns that the global cyclical recovery could be delayed seem to be easing.” However, “one or two months of data don’t make a sustainable trend” and the specialists are still a bit cautious about how strong this recovery is going to be. Events in the US and China next week could result in political uncertainties affecting confidence. Shutterstock 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/2012-11-02/19903-asia-things-seem-improve -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. AUD/USD: a sideways week AUD/USD is retracing gains after hitting $1.0420 (monthly high) earlier in the day. The pair hovers around 23.6% Fib. retracement of a June-August uptrend). In our view, the pair needs some strong risk-positive impulse to break above $1.0420. On the H4 chart one may see a bullish divergence. Meanwhile, the downside is limited by the converging 50-100- and 200-day MAs in the $1.0340 area. Specialists at ANZ concede a short-term corrective upward rebound ahead of the anticipated test of parity. They see the next support levels at $1.0260, $1.0150, $1.0100 and, finally, at $0.9975. On Tuesday, November 6, the Reserve Bank of Australia will hold its next board meeting. According the consensus forecast, the regulator will cut rates by 0.25% to 3.00%. However, the expectations of a cut have become much lower than a week ago. 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/2012-11-02/19901-audusd-sideways-week -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. GBP/USD: if the BoE stands still... GBP/USD slid back below $1.6100 after a yesterday’s failure to break above the $1.6180 resistance. The pair returned below the resistance line, descending from September highs and came back into the daily Ichimoku Cloud. Bulls, however, keep their hopes up. Sterling may start a new rally in the nearest future if Bank of England refrains from further QE on November 8 meeting after strong UK growth figures. Specialists at Citigroup underline that pound may benefit against all the other currencies where regulators are dovish. Bank of New York Mellon: If we don't see more QE it would be a boost for sterling because there will be some investors out there who have priced it in. OCBC: The recent downtrend of the cable may have been neutralized in the near term as QE expectations continue to fade. We recommend buying GBP/USD on the dips after the pair returns back above $1.6100. Initial resistance is seen at $1.6200. Resistance: $1.6185 (November 1 high), $1.6214 (October high), $1.6308 (2012 high) Support: $1.6064 (50-day MA), $1.6005 (October 29 minimum), $1.5935 (October lows) 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/2012-11-02/19897-gbpusd-if-boe-stands-still -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. France’s Hollande is losing support François Hollande, the first French Socialist party president in 17 years, is losing credibility. The Telegraph writes that Hollande’s poll rating has dropped from 62% after his election in early May to only 36%. For comparison: Nicolas Sarkozy had 53% approval ratings 6 months after his election in 2007. The Socialist leadership and government are seen as confused, accused by its opponents of amateurism and inaction. French government plans to tighten fiscal policy by 2% of GDP next year primarily by higher taxes. At the same time, history shows that tax rises have much more negative economic effect than spending cuts. The nation’s economy will almost sure slid into recession over the winter if it hasn’t already and may stay in such conditions for a long time, says the newspaper adding that the housing bubble is France’s another problem. Both right and left forces are displeased with Hollande criticizing his approach towards resolving France’s worst economic crisis since the war. The business lobby Medef is really worried: “The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence by investors. Large foreign investors are shunning France altogether. It’s becoming really dramatic.” Medef underlines that Hollande has chosen the worst possible mix – austerity without reform. Exactly what economic reforms Mr Hollande and his government are planning remains unclear. A report, commissioned by the President on how to restore France’s international competitiveness is due next week. Photograph: Philippe Wojazer/AP 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/2012-11-02/19893-frances-hollande-losing-support -
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 slid to the $1.2900 hurdle (23.6% Fib. retracement of a July-August uptrend) and is getting ready to test the 50-day MA ($1.2885). The pair therefore, moves towards the lower boundary of the $1.2800/1.3170 sideways channel, but we don’t expect the pair to break lower in a near term. OCBC: As long as concerns surrounding Greece/Spain don't resolve, the pair may remain anchored around the $1.2900 area with initial resistance seen at $1.3000, while support – at $1.2885 (50-day MA) and $1.2830 (200-day MA). From the fundamental viewpoint, watch the US labor market data at 12:30 GMT. 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/2012-11-02/19889-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: $1.2900, $1.2950, $1.2960, $1.3000, $1.3100; GBP/USD: $1.6100, $1.6140, $1.6150; USD/JPY: 79.20, 79.30, 79.50, 79.75, 80.00; AUD/USD: $1.0360, $1.0400; EUR/GBP: 0.7975, 0.8050; EUR/AUD: 1.2355. 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/2012-11-02/19887-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 2: forex news Today is the time of the most exiting release of the month – US non-farm payrolls (cons.: 123K; prev.: 114K). Markets are optimistic expecting that employment figures today will point to a recovery in the world’s biggest economy. Labor market figures published yesterday were quite positive. S&P500 rose by 1.1% yesterday. The MSCI Asia Pacific Index of stocks added 0.7%. AUD/USD tested the levels above $1.0400, but lacks upside momentum as Aussie stands still ahead of the NFP. NZD/USD broke above the $0.8250 resistance yesterday and is now also waiting for American release. EUR/USD slid to $1.2900. On Thursday the pair peaked at $1.2982 amid encouraging data on the US labor market and manufacturing, but then pulled back on the news that a Greek court declined the pension reforms requested by the Troika. In the absence of market-moving news out from Europe, the pair may remain more or less flat ahead of US presidential elections. USD/JPY keeps moving up. Today the pair opened above 80.00. Yen weakened versus its main counterparts as investors expect more easing from the Bank of Japan: Japanese economy shows signs of weakness, while the earning s of technology companies brought disappointment. GBP/USD around $1.6100 following yesterday’s peak at $1.6174. Today watch UK construction PMI (9:30 GMT). USD/CAD hovers below the parity after yesterday’s decline and tests the 100-day MA on a downside. The Canadian dollar rose from a 3-month low on improved risk appetite. Watch the Canadian labor market 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/2012-11-02/19885-november-2-forex-news -
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Follow us on Facebook and Twitter!!! Social networks We do our best to be available to you via all possible means of communication: e-mail, live chat and certainly we understand the role of social networking. Facebook and Twitter are great ways of keeping in touch with traders. We are always online! We also run some contests, such as “Add FBS as a friend” and “Predict NFP”. Traders can discuss their ideas, share experience and also take part and win! It’s very important for us to know your opinion. We pay attention to the ideas and recommendations from our clients. We would like you to know more about our work. And social networking is another perfect way to be friends and stay in touch. We are always online for you! 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. AUD/USD: technical picture AUD/USD consolidates around $1.0375 (23.6% Fib. retracement of a June-August uptrend). The pair trades above the strong resistance area ($1.0330/45). Aussie is approaching the end of an ascending triangle formation, suggesting a possible bullish break. The pair remains cramped in a wide $1.0620/1.0150 sideways range. From a fundamental viewpoint, the Aussie-positive sentiment is supported by Chinese data and increasing belief the RBA won’t cut rates next week. Resistance: $1.0398 (October 31 high), $1.0410 (October high), $1.0468 (September 28 high), $1.0623 (September highs) Support: $1.0330/45 resistance area (50-, 200- and 100-day MAs), $1.0235 (October 23 minimum), $1.0150 (October and September lows). 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/2012-11-01/19876-audusd-technical-picture -
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 trades below the $1.2950 after having peaked $1.3020 yesterday. The pair tested the resistance line, descending from the October highs, on the upside, but failed to fix above it. On a downside the pair is supported b 50- and 200-day MAs. The pair remains in the same $1.3150/1.2800 flat range. Resistance is seen at $1.3000, $1.3020 (October 31 high), $1.3072 (October 5 high), $1.3139 (October high) and $1.3171 (September high). A break higher would pave the ground for further growth. Strong support lies at $1.2885 (October 30 low, 50-week MA) and in the $1.2875/30 (200- and 50-day MAs, October minimums) area. A break below $1.2800 would confirm a bearish trend. ANZ: EUR/USD should retrace into the $1.2740/1.2475 area over the coming couple of weeks before forming a base and allowing for a corrective rebound towards the upper end of the $1.3150/1.3500 area into 2013. 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/2012-11-01/19873-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/JPY is back at 80.00 USD/JPY rose back to 80.00 after dipping to 79.27 on Tuesday. Analysts at Bank of Tokyo-Mitsubishi UFJ say that those who just trade on news headlines sold USD/JPY after the Bank of Japan’s meeting. However, the central bank has adopted a rather aggressive easing approach as it plans to keep adding stimulus until deflation ends. This will likely result in weaker yen, the specialists say, thus providing the greenback a chance to continue recovering. Today the greenback has been supported by the demand from Japanese importers. At the same time, the nation’s exporters will be eager to sell US currency above 80.62 (June maximum). As a result, the further advance of the pair will depend on how strong US jobs data released on Friday are. Another factors creating negative pressure on JPY today are positive Chinese PMIs and rising concerns on a near downgrade for Japan coming from Moody’s. Resistance: 80.10 (today’s & July 5 maximum), 80.38 (Friday’s high) and 80.62 (June maximum). Support: 79.66 (August maximum), 79.50 (200-day MA), 79.27 (Tuesday’s minimum). 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/2012-11-01/19871-usdjpy-back-8000 -
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: $1.2875, $1.2900, $1.2915. $1.3000, $1.3100; GBP/USD: $1.6100, $1.6120; USD/JPY: 79.25, 79.30, 79.50; AUD/USD: $1.0275; EUR/GBP: 0.8000, 0.8150; EUR/JPY: 104.00; AUD/JPY: 82.20. 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/2012-11-01/19869-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 1: forex news EUR/USD trades below the $1.3000 handle after peaking $1.3020 yesterday. The Eurogroup postponed the decision on potential allotment of the 31.5-billion-euro bailout tranche to Greece to November 12. Greece desperately needs these funds to avoid bankruptcy. European finance ministers acknowledged the progress in negotiations between Greece and the Troika, but urged the nation’s government to “to solve remaining issues so as to swiftly finalize the negotiations”. French and Italian banks are closed for holidays. JPY weakened versus its main counterparts ahead of the BOJ October 4-5 meeting minutes which are to be released late today (23:50 GMT). USD/JPY returned to 80.00. The market expects the Bank of Japan to continue monetary easing. EUR/JPY went up to levels close to 104 yen on the news that Panasonic Corp. forecasts the second-biggest loss in company history, so that Japan’s trade deficit may increase. Data from China were positive: official manufacturing PMI rose from 49.8 in September to 50.2 in October. HSBC index also improved from 49.1 to 49.5. AUD/USD, however, hasn’t reached $1.0400 today. The pair’s trading choppy: the concerns about further slowdown haven’t been eliminated. NZD/USD is little changed above $0.8200. GBP/USD trades above $1.6100. Sterling is supported by speculation the Bank of England will refrain from easing next week. Moreover, the Swiss National Bank said it boosted the amount of pounds in its foreign-exchange reserves. Watch the manufacturing PMI at 9:30 GMT. USD/CAD is hovering around parity and slightly above the 200-day MA. Canada’s GDP unexpectedly shrank for the first time in 6 months, raising doubts on whether the Bank of Canada will raise rates in the near term. Tomorrow watch the important labor market data. Later today don’t miss the important US releases, especially ADP employment report (12:15 GMT) which may provide some hints for tomorrow’s NFP, unemployment claims, CB consumer confidence & ISM manufacturing PMI. 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/2012-11-01/19867-november-1-forex-news -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. GBP/USD strong ahead of the November BoE GBP/USD tested $1.6136 after a two-day growth. The pair bounced back above the daily Ichimoku Cloud and tests the resistance line, descending from the September highs. The sterling’s recent depreciation was limited by the $1.6000 support. The British currency is supported by speculation that the Bank of England will not ease monetary policy on a November 8 meeting from the current 375 billion pounds. The pound remained strong even after an report showed consumer sentiment declined in September. Barclays: The sterling is supported by the expectations for monetary policy to be less loose as the UK GDP last week indicated the technical recession is over. 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/2012-10-31/19859-gbpusd-strong-ahead-november-boe -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/CHF: rangebound in the near term USD/CHF tested the 200-day MA (0.9388) for 3 times during the past month, but didn’t manage to break higher. The line is now reinforced by the bearish daily Ichimoku Cloud and represents solid resistance. Commerzbank: Dips lower will find initial support at 0.9250 ahead of 0.9215/07, which is expected to contain the downside. The market’s risk sentiment is swinging from the risk-on to the risk-off mode and back. Traders are indecisive about evaluating the Fed’s QE3 which makes the outlook for USD/CHF cloudy. In our view, the USD/CHF will remain the 0.9388/9215 range for the time being. The overall bias is negative. 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/2012-10-31/19857-usdchf-rangebound-near-term -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/JPY: analysts doubt sustainable recovery USD/JPY is once again above the key support of the 200-day MA (79.52) the after dipping to 79.27 yesterday. Firstly the markets were somewhat disappointed as the Bank of Japan increased stimulus by 11 trillion yen and not more and bought yen. Then it weakened as demand for safe heavens subsided. Many specialists warn that dollar won’t be able to sustain its recovery. HSBC: QE is actually JPY positive; outright FX intervention efforts won’t prevent USD/JPY from weakening in the long run. The BOJ is unlikely to support USD/JPY floor as the political ramifications could be potentially damaging. The market will soon realize that even the BOJ is incapable of preventing the JPY from strengthening. “USD/JPY has been climbing up the stairs but it will soon fall down the lift shaft.” Rabobank: Demand for yen as safe haven will increase as there are many risky events ahead such as US presidential election and US fiscal cliff. In addition, there’s a lot of uncertainty connected with Spain’s potential bailout request and the ability of Greece to meet its bail-out criteria. Don’t forget about weaker economic growth in the euro area. Barclays: if USD falls below 79.10/00, it will revisit the daily Ichimoku Cloud base around 78.40. Credit Agricole has a more or less neutral view: Concerns over Japan's fiscal problems and deteriorating trade balance are behind the current phase of yen weakness and the BOJ easing is just one catalyst. USD/JPY will likely be steady ahead of US jobs data and US presidential election. Resistance for the pair lies at 80.50/60 yen. 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/2012-10-31/19850-usdjpy-analysts-doubt-sustainable-recovery -
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 trades below $1.3000 after having hit $1.2885 yesterday. The pair remains in the same $1.3150/1.2800 flat range. Resistance is seen at $1.3000, $1.3072 (October 5 high), $1.3139 (October high) and $1.3171 (September high). A break higher would pave the ground for further growth. Strong support lies at $1.2885 (yesterday’s low, 50-week MA) and in the $1.2870/30 (200- and 50-day MAs, October minimums) area. The pair remains below the important trend line resistances. A break below $1.2800 would confirm a complete bearish reversal. TD Securities: EUR/USD is consolidating ahead of another push up. In the next days the pair may reach $1.3020. Morgan Stanley: EUR/USD downward correction will continue on the back of the negative news flow from the euro area. In a longer term we remain bullish on the pair. We recommend buying EUR/USD on pullbacks to $1.2775/$1.2800 and targeting $1.3400. 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/2012-10-31/19851-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: $1.2870, $1.2875, $1.2900, $1.2910, $1.2940, $1.2950, $1.3000, $1.3050; GBP/USD: $1.6100; USD/JPY: 79.25, 79.50, 79.60, 79.70, 79.75, 80.00 AUD/USD: 1$.0280, $1.0340, $1.0350; AUD/JPY: 81.25; AUD/NZD: 1.2600. 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/2012-10-31/19847-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. October 31: forex news Demand for the greenback weakened as the reports tomorrow may show an improvement in Chinese manufacturing PMI, brightening the global economic outlook (cons.: 50.3; prev.: 49.8). Asian stocks rose, MSCI Asia Pacific Index of shares added 0.8%. US markets are ready to reopen today after Atlantic storm Sandy swept through US East Coast. AUD/USD moved higher getting closer to $1.0400 and NZD/USD is trading above $0.8200 on better-than-expected building approvals in both Australian and New Zealand. EUR/USD hovers above $1.2950 after yesterday’s rebound to $1.2983. The pair is flat on H1. Today the EU finance ministers will discuss the next aid disbursement for Greece. According to Jean-Claude Juncker, the Eurogroup chief, a 31.5 billion package euro may be released at the November 8 EU summit. There is a market speculation that seven euro area members remain skeptical on extending more aid to Greece. Spain expects to receive the first tranche of the European Union aid package for its banks by early December. Also watch for euro zone’s unemployment rate. USD/JPY managed to close yesterday above the key support of the 200-day MA (79.52) after dipping to 79.27. The Bank of Japan boosted its asset-purchase program by 11 trillion yen ($138 billion) to 66 trillion yen on Tuesday. Japanese Manufacturing PMI was a stand-out disappointment, at 46.9 (prev.: 48.0). USD/CAD bounced back below parity and the 200-day MA. Today watch the Canadian September GDP. GBP/USD remains below the $1.6100 hurdle. 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/2012-10-31/19845-october-31-forex-news -
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Fastest Growing Forex Broker Asia 2012!!! FBS-Fastest Growing Forex Broker Asia 2012! Dear traders! We are proud to announce that FBS company has been awarded as “Fastest Growing Forex Broker Asia 2012” by Global Banking & Finance Review Awards*. This award is a recognition of the achievement and the high level of services offered by FBS. PR-manager of FBS Anna Zamurakina says: “We believe we are well-positioned to continue the company’s growth in Asia. We are committed to providing our services and products in an efficient and innovative manner consistent with the needs of our clients, and we offer a trading environment that is fast, convenient, reliable and valuable in terms of quality.” 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. USD/JPY down after BoJ easing The Bank of Japan left the rate unchanged below 0.10% & expanded its asset-purchase program by 11 trillion yen ($138 billion) to 66 trillion yen. Some investors got disappointed as they were expecting greater stimulus. The BOJ doesn’t expect to meet its 1% inflation target in the period through March 2015. Nomura: “The 10 trillion-yen increase was seen as a minimum expansion, and the failure to reach 15 trillion yen is very disappointing for markets.” USD/JPY slid to 79.27 after the release, but then went up once again approaching the 200-day MA (79.50). In addition, demand for yen as a refuge asset increased as Sandy, the largest tropical storm system on record, hit American Northeast coast. Commerzbank: USD/JPY will test the trend line support at 78.67 after having charted an outside day to the downside and eroded its 200-day MA. The rebound is more likely in case the support holds as the market has recently completed a longer-term bullish falling wedge pattern which brings the target of 81.78/87 (April 20 maximum) in place. 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/2012-10-30/19838-usdjpy-down-after-boj-easing -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/CAD hovers above parity USD/CAD hovers around parity after having hit a three-month high at 1.0018 earlier today. Yesterday the pair closed above the 200-day MA. Note that USD/CAD remains firmly above the daily Ichimoku Cloud. In our view, a break above parity is a strong bullish sign and could take the pair to 1.0035 (50% Fib. retracement from a 2012 decline), 1.0083 (August 2 high) and 1.0130 (61.8% Fib. retracement). On the H4 chart one may see a bullish MACD divergence. What’s more, the pair is overbought, so we concede a short-term correction. Support is seen at 0.9993 (200-day MA), 0.9975 (100-day MA), 0.9940 (upper boundary of the Ichimoku Cloud) and at 0.9884 (October 3 high). If the pair bounces back from 1.0000 and returns into the Cloud, we would expect a slide towards 0.9750. Scotiabank: USD/CAD will be supported on the back of the low oil prices and soft Canadian fundamentals. TD Securities: In the near-term we expect USD/CAD to enter the 1.0050/1.0150 area. Commerzbank: Greek problems will come into the limelight. EUR/USD will gradually to the lower boundary of the $1.3150/1.2800 range. Chart. Daily USD/CAD 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/2012-10-30/19836-usdcad-hovers-above-parity