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internationallove

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  1. 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: $1.2895, $1.2900, $1.2925, $1.2970 (L), $1.3000, $1.3050, $1.3100; GBP/USD: $1.6150 (large); USD/CHF: 0.9525; AUD/USD: $1.0100, $1.0200, $1.0250; NZD/USD: $0.8200; EUR/JPY: 101.00. 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/2012-10-15/19554-key-options-expiring-today
  2. Market Analytics:FBS Markets Inc. October 15-19 on forex: highlights of the week We’re going to experience another week of waiting and uncertainty. According to ING, there may be some positive news, “at least from the US – housing data will likely continue to look good.” US dollar On Monday US is to publish retail sales data and the Empire State Manufacturing index. On Tuesday watch for CPI and industrial production figures. Wednesday will bring lots of housing market data. On Thursday we wait for the Philly Fed manufacturing index (forecasted to reach 0.1 after four month of negative prints) and for the unemployment claims (forecast: 367K; previous: 339K). Watch for existing home sales data on Friday. Don’t forget that earnings season in the US gets into full swing: investors will keep a keen eye on reports and outlooks from Citigroup, IBM, Coca-Cola, Johnson & Johnson, Intel, Goldman Sachs, Bank of America, American Express, PepsiCo, Microsoft, Google, Morgan Stanley, Philip Morris, General Electric, McDonald’s. EUR/USD On Tuesday watch for German and Europe’s ZEW economic sentiment index. The indicator is expected to improve, but still to remain in the negative zone. Also watch for CPI data and the euro zone’s trade balance. A 2-day EU economic summit starts on Thursday – the major event of the week. Spain and Greece will dominate the agenda of European leaders. This is the deadline to decide on the next aid tranche to Greece. Troika will likely provide favorable report about Greek efforts to reduce debt and deficit. Yet euro will be extremely vulnerable to the headlined ahead and through the summit. Spain will hold a 10-year bond auction. As for Spain, everyone is waiting for the regional elections to come and go on Sunday, October 21. Still a bailout request from Spain remains a possibility, and will trigger a potential euro rally. German PPI and the euro zone’s current account data will be posted on Friday. GBP/USD On Tuesday UK will release inflation figures during the day. On Wednesday we would recommend you watching the Claimant Count change (change in the number of people claiming unemployment-related benefits) release (forecast: -2.2K; prev.: -15.0K) and the MPC meeting minutes. In October BoE decided to keep policy unchanged. However, the MPC is expected to vote for another 50 billion pounds of QE at its November policy meeting. The UK unemployment is expected to remain at 8.1%. Great Britain will post retail sales figures (the improvement is predicted) on Thursday and public sector net borrowing on Friday. USD/JPY The week is poor for Japanese releases. The BoJ Governor Shirakawa will speak on Friday. The pair’s dynamics will be determined primarily by the market’s risk sentiment. Better data in the US will support the pair. USD/CHF In Switzerland watch for PPI on Monday, ZEW economic expectations on Wednesday and trade balance on Friday. USD/CAD On Monday the Bank of Canada will publish its business outlook survey. Later in the day the BoC Governor Marc Carney will deliver a speech. On Tuesday watch for foreign securities purchases and for manufacturing sales figures. The latter are predicted to grow by 0.5% following a previous 1.5% drop. Canada will publish CPI figures on Friday. The highlights of this week are the BOC business outlook survey and inflation data. AUD/USD The RBA meeting minutes are the most expected Australian event of the forthcoming week. Will we see any hints of further policy easing, which is already priced in by the market? On Monday watch for home loans and new motor vehicle sales data, while on Thursday – for the NAB quarterly business confidence index. In addition, pay great attention to Chinese data as it tends to have strong impact on Aussie. China’s Q3 GDP is expected to slow down for the seventh quarter in a row on Thursday. 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/2012-10-15/19553-october-15-19-forex-highlights-week
  3. Market Analytics:FBS Markets Inc. October 15: forex news The currency market opened the week in a risk-off mood. AUD/USD moves down for a second consecutive day and failed to overcome the 100-day MA. Aussie is under pressure despite the positive Chinese trade data, released on Saturday (trade surplus overcame the forecasts and reached 27.7B). The second largest world economy shows signs of stabilization as exports improved. China’s CPI came out in line with forecasts (1.9% y/y in September). Investors expect the RBA to release the meeting minutes on Tuesday. Last Friday the RBA Governor Glenn Stevens said there is scope to further lower borrowing costs, so the traders are bearish on the currency. NZD/USD tested the levels below the 50-day MA and opened a new monthly low at $0.8127. EUR/USD declined to the levels just above $1.2900 from Friday’s high of $1.2991. The pair remains in the sideways range. Euro was actively sold today in Asia as Reuters said citing as senior euro zone sources that Spanish bailout will most likely take place in November – the market wants it sooner. In addition, demand for euro is limited ahead of German ZEW economic sentiment which will be out tomorrow. Today there are no important data releases in Europe, so all eyes are on US retail sales (12:30 GMT). GBP/USD moves down and trades below $1.6100. Tomorrow watch for UK CPI figures. USD/JPY went up to 78.55 approaching the major resistance. USD/CHF is moving sideways in the 0.9400/9270 zone. USD/CAD remains flat at the 0.9800 mark. Today the Bank of Canada is to release the business outlook survey. 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/2012-10-15/19551-october-15-forex-news
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  5. Happy Weekend from entire FBS team! 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!
  6. Market Analytics:FBS Markets Inc. GBP/USD: bearish prospects GBP/USD rebounded from the levels below $1.6000 tested earlier this week to $1.6090. Short-term Commerzbank: The market has topped at $1.6300. Pound’s rally will be contained at $1.6146 (20-day MA) and $1.6200 (near-term resistance line). The bears will return into their full power only when pound slides below $1.6000. In this case the pair will target $1.5900 (50% retracement of the advance from August lows to September highs) and $1.5800/1.5780 (200-day MA). Longer-term Wells Fargo: “Expect the pound to wax and wane along with European sentiment in the coming months, followed by gradual sterling weakness through 2013 as the UK economy underperforms relative to the US”. 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/2012-10-12/19549-gbpusd-bearish-prospects
  7. Market Analytics:FBS Markets Inc. NZD/USD: technical comments This week NZD/USD traded sideways in a $0.8150/8235 range: on the downside the pair is supported by the 50-day MA, while the upside is capped by the $0.8200 hurdle. Specialists at BNZ expect NZD/USD to remain around these levels by the end of 2012. In their view, the pair will move lower in the mid-2013. The kiwi may get under pressure as the US economy finally starts to rebound and New Zealand’s external accounts continue to deteriorate. 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/2012-10-12/19542-nzdusd-technical-comments
  8. Market Analytics:FBS Markets Inc. EUR/GBP: reasons for a drop EUR/GBP is trading below the 0.8100 resistance. The pair twice failed to break above this crucial level (September and October highs), so we would expect the pair to return to the downtrend. A decline below 100- and 50-day MAs and the 0.7920 support would confirm a double top reversal pattern. From a technical point of view, strong resistance is concentrated in the 0.8080/8120 area: the upper boundary of the 2011-2012 descending channel and the 200-day MA. A break above the 200-day MA is unlikely, but could open the way for the further gains. Next resistance is seen at $0.8161 (June 2012 high and 50% Fib.retrenchment of the 2006-2008 uptrend). 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/2012-10-12/19547-eurgbp-reasons-drop
  9. 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: $1.2820, $1.2875, $1.2950, $1.3000, $1.3100; GBP/USD: $1.5950, $1.6110, $1.6200; USD/JPY: 77.00, 78.00, 78.15, 78.35, 78, 78.60, 78.70; USD/CHF: 0.9300; AUD/USD: $1.0200, $1.0225, $1.0250, $1.0270, $1.0300. 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/2012-10-12/19536-key-options-expiring-today
  10. Market Analytics:FBS Markets Inc. October 12: forex news Demand for the high-yielding currencies went up. Yesterday’s US employment data had a positive impact on the risky assets. Risk appetite was also helped by US vice-presidential debate, though the IMF-WB-G7 statements about Asian economic slowdown a bit cooled investors’ sentiment. AUD/USD keeps rising and tests the levels above the 100-day MA ($1.0275). The Aussie is supported by the increased commodity prices. NZD/USD tests the $0.8200 level, staying above the 50-day MA. Weekend China data is now in focus as markets await the release of the nation’s economic data for September (trade balance, inflation numbers and the Q3 GDP). As expected, EUR/USD is trading sideways in the $1.2800/3000 range. Today only a minor data is released in Europe with August industrial production as the most important one (cons.: -0.4%; prev.: 0.5%). Spanish government holds its regularly weekly meeting today, so the market hopes for some bailout headlines. Also note that Finnish government approved a “single bank supervisor” solution to bailing out the EU’s troubled banks. In the US watch core PPI figures and September consumer sentiment which may be near the strongest since May. Data released yesterday showed that the number of jobless claims fell to the minimal level since February 2008. GBP/USD continues hovering around the 1.6000 mark. The cable remains under a slight bearish pressure. USD/CAD remains in a sideways range below the 0.9800 handle. JPY weakened versus its major counterparts as demand for safe havens subsided. USD/JPY touched 78.53, but then returned below the 50-day MA. EUR/JPY is trading above 101 yen facing resistance of 200-day MA. USD/CHF is down at 0.9359 after falling from 0.9400 yesterday. 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/2012-10-12/19534-october-12-forex-news
  11. Market Analytics:FBS Markets Inc. USD/JPY: technical picture USD/JPY tested levels below 78.00 yen earlier today and then rose to the 50-day MA at 78.40. Commerzbank: There’s a bullish falling wedge pattern on the daily chart. The model will be confirmed if USD/JPY closes above the Ichimoku Cloud resistance at 79.00 and preferably above the 200-day MA at 79.35. Until that happens, one should expect further consolidation and, probably, decline lower. In the short-term, the key level is to watch 78.40 – if the pair manages to rise above this level, we’ll see 3 consecutive higher lows that means that the bulls are gaining some grounds. Support: 78.15 (Kijun-sen); 77.95 (October 11, 2 minimums, September 12 maximum, etc); 77.65 (June 1 minimum); 77.12 (September 13 minimum). Resistance: 78.80/86 (100-day MA, lower boundary of the Cloud and October high); 79.00/20 (September high and upper boundary of the Cloud); 79.35 (200-day MA), 79.65 (August high). 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/2012-10-11/19526-usdjpy-technical-picture
  12. Market Analytics:FBS Markets Inc. AUD/USD: bearish picture AUD/USD broke back above the 100-day MA and touched $1.0286 today. The Aussie reached the highest level in more than a week and tested the upper boundary of a sideways range $1.0275/1.0150. We concede the upward correction may continue if the pair closes above the 100-day MA, but the upside is limited by a strong trend line resistance, connecting September 14 and 28 highs. A break below $1.0150 will confirm a bearish trend continuation. Analysts at Westpac also remain bearish on the Aussie. According to specialists at Westpac, AUD/USD is moving towards parity, so they recommend using the current growth towards $1.0300 as selling opportunity. In their view, negative China’s data increase concerns about the Australian economy, despite the optimism on the iron ore and steel markets in recent weeks. However, the Fed’s dovish monetary policy won’t let the pair slide far below $1.0000. On the other hand, risk aversion can make the greenback attractive anyway. 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/2012-10-11/19520-audusd-bearish-picture
  13. Market Analytics:FBS Markets Inc. October 11: forex news Uncertainty over Spain’s bailout prospects continued to spook sentiment. S&P downgraded Spain by 2 notches to BBB- with negative outlook; the nation is now one step from junk status. Downside risks for euro strengthened. Now the markets will be waiting Moody’s action: if this agency downgrades Spain, its debt will be named “junk”. EUR/USD touched 200-day MA at $1.2825 during today’s Asian trade before returning a bit higher, to $1.2670, but it’s still below the opening price. The Dollar Index (DXY) reached 1-month high. EUR/JPY hit 100.15, the minimal level since October 1. In Europe Italy will auction bonds maturing in 2015, 2016, 2018 and 2025. In the US watch for the unemployment claims and trade balance (12:30 GMT). AUD/USD broke back above the 100-day MA and touched $1.0286 today. The Aussie reached the highest level in more than a week after a report showed 14.5K people found job in September vs. the forecasted 5.1K. Data supported market optimism even despite the fact the jobless rate rose to 5.4% (the highest level since 2010). NZD/USD bounced from the 50-day MA, but remains below $0.8200. New Zealand business manufacturing index remains below 50 for a third month in a row, indicating industry contraction. Demand for the Aussie and kiwi remains subdued as Spanish problems returned into the limelight. GBP/USD hovers around the $1.6000 mark. USD/JPY slid below 78.00. USD/CHF is once again testing 0.9400 (200-day MA). USD/CAD moves down, but trades above the 0.9800 hurdle. Watch for Canada’s trade balance release today 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/2012-10-11/19514-october-11-forex-news
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  15. 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: $1.2880, $1.2900, $1.3000, $1.3150 (large); GBP/USD: $1.6000, $1.6050; USD/JPY: 78.25, 78.55, 78.60, 79.00 (large); USD/CHF: 0.9350, 0.9375; AUD/USD: $1.0115, $1.0150, $1.0250; EUR/JPY: 99.95, 100.00. 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/2012-10-10/19501-key-options-expiring-today
  16. Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield EUR/USD hit $1.2835 during the Asian session, the minimal level since October 1. All eyes are now fixed on the key support levels – $1.2825 (200-day MA) and $1.2800. Commerzbank: The market’s trying to choose what it wants to avoid more – US QE3 or the European problems and the lack of clarity about the fate of peripheral nations. Note that the Fed’s Beige Book might question the positive labor market report released last week. At the same time, if EUR/USD slides below $1.2825, it won’t have enough strength to go and test $1.3000 once more. Upside potential will be limited with resistance at $1.2975. Nordea: EUR/USD should be able to hold above $1.28 unless stock markets perform really badly. For now EURO STOXX 50 Index is down by 0.6%. Watch for the headlines about US earnings season. At the same time, even if equities turn higher, uncertainty about Spain and Greece will weigh on the euro and limit any gains. 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/2012-10-10/19504-eurusd-news-battlefield
  17. Market Analytics:FBS Markets Inc. October 10: forex news The general risk sentiment remains negative as global growth worries and uncertainty over Spain and Greece continue to weigh on the markets. AUD/USD strengthens for three days in a row and trades above the $1.0200 mark. Demand for the Aussie was supported as prices for iron ore, Australia’s biggest export, surged to a two-month high. According to today’s release, Westpac consumer sentiment improved in October. However, data tomorrow may show the unemployment in Australia climbed to a three-month high (5.3%). NZD/USD declines for a second day. The pair hit a new monthly low at $0.8143, but bounced back from the 50-day MA. Kiwi dropped as Asian stocks followed a slide in global stocks. EUR/USD is falling for the third day in a row. Today the pair hit $1.2835. The meeting between German Chancellor Angela Merkel and Greek Prime Minister Antonis Samaras failed to reassure investors an accord is imminent on Greece’s next aid installment. In Spain, another troubled euro zone’s economy, 10-year yields briefly rose back above 6.0% on Tuesday as a meeting of euro zone finance ministers where there was no movement on a possible Spanish bailout. Spain’s Prime Minister Mariano Rajoy meets French President Francois Hollande today in Paris. Reports today may show French and Italian industrial production decreased in August. Italy will auction up to 11 billion euro in 12- and 3-month maturities, while Germany will try to sell up to 5 billion euro in 5-year papers. The Fed’s Beige Book will be the main highlight in the evening. Tomorrow is the G-7 meeting. GBP/USD slid below $1.6000 after four days of losses. According to yesterday’s release, UK manufacturing production shrank in August. Meanwhile, NIESR released a positive Q3 GDP estimate: according to forecasters, UK economy rose by 0.8% and, therefore, is out of the double-dip recession. USD/CAD moves up and trades below 0.9800 after testing 0.9806 on Tuesday. USD/JPY keeps lowering. The pair slid below the 200-hour MA to 78.20. 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/2012-10-10/19499-october-10-forex-news
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  19. Market Analytics:FBS Markets Inc. Earnings season starts in the US Today the season of corporate earnings releases for Q3 begins in the US. Aluminum giant Alcoa is the first one to publish its financial results for July-September. There are no reasons to cheer up: this season is expected to the worst in the last 3 years, the experts speak say that more than 80% of companies may face potential decline of profits compared with the same period last year. Such pessimism is caused by several factors. Firstly, business activity has slowed down all over the world. Secondly, there’s no more space for cost reduction. Finally, many companies are buying back their own securities in an attempt to become more independent from the volatile market. In 2010 the earnings of US companies added 30%, in 2011 – about 15%. As for 2012, their earnings may be less than 5%, the forecasts say. So, you see, there’s a serious reason for risk aversion. Image from economictimes.indiatimes.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/2012-10-09/19489-earnings-season-starts-us
  20. Market Analytics:FBS Markets Inc. EUR/CHF consolidates around 1.21 EUR/CHF keeps hovering above the floor in a 1.2075/2140 range. Today the pair peaked to 1.2142, but slid back towards the comfortable 1.2100 area. On a downside the pair is supported by the 50-, 200- and 100-MAs in the 1.2050/30 area. According to specialists at RBC Capital Markets, EUR/CHF is expected to remain flat. The pair is unlikely to slide back to the peg from the current levels: going short at 1.2100 doesn’t offer much incentive for the investors. The pair could strengthen on the back of the positive news from Europe or if the floor itself would be heightened (both alternatives is unlikely). The stronger is the euro, the bigger is the risk bears step into the game. Analysts believe these days the Swiss National Bank will not interfere to push EUR/CHF up: in September-October the pair found natural support on decreased euro zone’s concerns. Of course, there is some suggestion the regulator helps to push EUR/CHF higher, but even if it is happening, the volumes are insignificant. Chart. Daily EUR/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/2012-10-09/19495-eurchf-consolidates-around-121
  21. Market Analytics:FBS Markets Inc. AUD/USD: technical picture Daily chart AUD/USD keeps on rising for a second day in a row. The pair overcame yesterday’s high at $1.0218, but the upside is capped by the 100-day MA. Yesterday the pair hit a three-month low at $1.0148, but today bounced back above the lower boundary of a descending channel formed in September. The upside for the pair is limited by the 100-, 200- and 50-day MAs. The pair still has chances to confirm a “double top” reversal pattern (August and September highs) if it continues a downward movement. Chart. Daily AUD/USD H4 chart On the H4 chart one can see a bearish convergence (buying signal). A break above the resistance line, connecting October 5 and 8 maximums would also be positive for the Aussie. However, the upside is limited by the downward-looking 50-, 200- and 100-period MAs. Note that the 200- and 100-period MAs are ready to cross - in this case the resistance will become stronger. The pair trades below the descending Ichimoku cloud. In our view, the pair has some potential for a short-term upward correction, but the overall trend remains bearish. The next resistance is seen at $1.0246 (today’s high and a 100-day MA), $1.0273 (October 5 maximum) and $1.0294 (50-period MA on the H4 chart and 200-hour MA on the H1), while support – at $1.0181 (October 4 minimum), $1.0165 (May minimums) and $1.0148 (October 8 minimum). Chart. H4 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/2012-10-09/19481-audusd-technical-picture
  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 (2 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2920, $1.2960, $1.2975, $1.3000, $1.3025, $1.3050, $1.3100; GBP/USD: $1.6140; USD/JPY: 77.00, 78.00, 79.20, 79.45, 79.50; AUD/USD: $1.0235, $1.0250; EUR/JPY: 102.00, 103.00. 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/2012-10-09/19478-key-options-expiring-today
  23. Market Analytic s:FBS Markets Inc. USD may strengthen in 2013 According to most analysts, the greenback will strengthen even despite the QE3 and the fiscal cliff. In their view, demand for the reserve US currency will remain high as the American economy is stronger in comparison to the other countries. However, specialists don’t expect the greenback to rise until 2013 as in Q4 2012 euro will benefit from reduced crisis concerns. They also recommend paying attention on the emerging currencies in 2013: the domestic economies will allow currency appreciation to help control inflation without raising interest rates. Westpac: If the US economy keeps performing well, it shouldn’t cause the U.S. dollar much damage. Monetary easing is only a short-term negative for the dollar. Danske Bank: The market can no longer underestimate the Fed’s decision to boost growth. That will benefit the economy and the dollar. We see the dollar picking up from the second quarter next year. Wells Fargo: In the near-term the ECB policy actions could offer some support to the euro as the worst-case scenarios are priced out. The dollar’s weakness in late 2012 is temporary and related to near-term developments in the European debt crisis. Monex Europe: We have entered a new era of seemingly unlimited central-bank stimulus. For returns, investors have to look to emerging market currencies. 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/2012-10-09/19477-analysts-usd-strengthen-2013
  24. Predict NFP and get a prize from FBS! Dear traders! FBS gives you a unique opportunity to show your analytical skills and win an exclusive prize! Winner will receive a brand T-shirt from FBS! Hurry up to make the first exact prediction! All you need is to guess the Non-farm Payrolls indicator for October. Please, post your guess here in the “Comments” section. The participant who leaves the first most exact prediction becomes the winner! Each participant may leave 1 guess only. In case a person leaves 2 or more guesses, he is disqualified. Your guesses are accepted until 12.00 GMT on November 2. We wish all the participants Good Luck! 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!
  25. Market Analytics:FBS Markets Inc. USD/CHF: technical picture USD/CHF is moving up after forming a two-week low at 0.9274 last Friday. The greenback strengthened to 0.9356, but was capped by Tenkan-Sen (daily Chart). The next resistance for the pair is seen at 0.9395 (200-day MA) and 0.9438 (October high and Kijun-Sen), while support – at 0.9274 (October 5 minimum) and 0.9234 (September 13, lowest since May 9). The pair trades right below the 50-week MA. MIG Bank: The pair formed a head-and-shoulders figure by moving below the 0.9329 support (H1 chart). Strong resistance is seen at 0.9347 (upper boundary of the declining channel). Commerzbank: The bias will remain slightly bearish below 0.9420. If the bulls push up above this resistance, a rise to 0.9606/35 will become possible. 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/2012-10-08/19472-usdchf-technical-picture
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