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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. Commerzbank: technical levels for GBP/USD GBP/USD didn’t manage to break above $1.6300, the thing it was trying to do during the second half of September. Today the pair has breached support of $1.6070. Commerzbank: If GBP/USD rallies remain capped by $1.6260/1.6310, it would mean last week’s increase was only a correction. Sterling will slide to $1.5912/00 (50% retracement of the advance in August and September; August 23 maximum). Only if pound manages rise above $1.6310, which is seen as unlikely, it will have chance to strengthen to $1.6495 (2009-2012 resistance line). Initial resistance lies at $1.6228. 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/2012-10-08/19467-commerzbank-technical-levels-gbpusd -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. USD/JPY: Ichimoku analysis On Friday USD/JPY reached the October peak of 78.86. This level provided strong resistance for the prices (100-day MA and Senkou Span A - lower boundary of the Cloud). As a result, the pair started the week by breaking below the 50-day MA on Monday (78.40), but stalled around 78.15, near the flat Kijun-sen and Tenkan-sen. It’s necessary to note that on the downside yen’s strength is limited by the fear of Bank of Japan’s intervention, so we don’t expect declined below 77.40. Tenkan-Sen and Kijun-Sen came close to each other and may form a golden cross (bullish signal, though not very strong). Note that the lines have intersected quite often during the recent months – it happens as the market is trending sideways swinging around some middle axis which is bowing down. There is a lack of strong impulse on the market, but the general tendency remains bearish. Though the bearish Cloud is rather thin, it has proven to be a serious hurdle on the upside. Chinkou-Span tried to break above the price, but slid back. Support: 78.15 (tankan-Sen); 77.78 (October 1 minimum); 77.65 (June 1 minimum, end of the downtrend); 77.43 (September 28 minimum); 77.12 (September 13 minimum). Resistance: 78.80/86 (100-day MA, lower boundary of the Cloud and October high); 79.20/25 (September high and upper boundary of the Cloud); 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://forex-bb.com/newreply.php?p=30302&noquote=1 -
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, October 5, by the Commodity Futures Trading Commission (CFTC) for a week ended October 2. As you may see, the positioning of the large speculators didn't change much. The major development was the coverage of AUD longs were covered. Yet they still remain at a very high level. 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. NZD/USD: technical picture NZD/USD hit a new monthly low at $0.8147, what is slightly below the Friday’s minimum. The pair touched the 50-day MA, but then went up slightly. The next support lies at $0.8130 (50% Fib. retracement from the September uptrend) and at $0.8080/75 (61.8% Fib. retracement and September 10 minimum). According to specialists at Westpac, NZD/USD targets $0.8130 for the week ahead. Note that on a downside the pair is supported by the upward-directed 50-, 200- and 100-day MAs. Resistance is seen at $0.8184 (38.2% Fib. retracement), $0.8200, $0.8222 (August maximum) and $0.8264 (October 5 maximum). Further kiwi growth could bring the pair to $0.8350 (September highs). 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/2012-10-08/19456-nzdusd-technical-picture -
FBS was entitled as “The best MT4 Platform Award” FBS entitled as “The best MT4 Platform Award” Annual International Investment & Finance Expo in China is a very significant even that covers best investment projects, top companies and organizations in the fields of finance, insurance, applied services and technologies. The 9th China (Guangzhou) International Investment & Finance Expo was launched from 21 to 23 of September. It gathered tens of leading companies and more than 140 000 visitors in 3 days. FBS took an active part in Investment & Finance Expo. Equipped stand of our company contained thorough information on various offers. Visitors had an opportunity to get to know more about trading conditions, diverse promotions and unique services, ask our representatives any questions about FBS and Forex. The culmination of the exhibition was Investment & Finance Expo Awards to honor companies – leaders in their fields. FBS was entitled as “The best MT4 Platform Award”. One of our main goals is to provide our customers with the most convenient and advantageous trading conditions and services. Therefore, we take a pride in this award and express our deepest thanks to organizers of Investment & Finance Expo and to those who’ve chosen FBS as their Forex trading broker. Have a profitable trading with 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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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!
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“Predict NFP”: contest results!!! “Predict NFP”: contest results Monday, July 9, 2012 - 09:00 According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for September is 114K. The closest guess was made by Marjono. The contestant gets an exclusive T-shirt from FBS. You can check all the guesses given here. Congratulations to the winner. Kind regards, FBS FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) FBS Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!
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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. Obama's Presidency in charts The 44-th US President Barack Obama has been standing at a helm since January 20, 2009. How has the largest world economy changed during these years? We offer you to take a glance at the charts. 1. Non-farm payrolls Job reductions rose in early 2009, and steadily declined throughout the year. The employers started creating jobs on a wave of optimism early in 2010, but pulled back in the summer. The same trend is seen at 2011 and 2012: strong job growth early in the year stalls in spring. Chart. Non-farm payrolls (2009-2012) 2. Unemployment rate The jobless rate surged to 10.2% in Obama's first year and has declined gradually to 8.1% in 2012. However, many analysts explain the recent unemployment fall by the extremely low labor force participation: only 63.6% of Americans over the age of 16 have a job are searching for it. Chart. Unempoyment rate (2009-2012) for more click here 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/2012-10-05/19441-obamas-presidency-charts -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. Gold reached 2012 maximums Gold has so far reached the 10-month high of $1,796.10 as the speculation about the central banks’ stimulus steps is encouraging demand for the precious metal as a way to protect wealth. RBS, Scotiabank: From the technical point of view, there’s a resistance area between $1,787 and $1,802. There may be some pullbacks here. If the price gets above $1,802, it will target the record maximum of $1,920. A break through support at $1,750 will lead to a deeper correction. Watch for today’s NFP release: what makes USD weaker, makes gold stronger. 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/2012-10-05/19436-gold-reached-2012-maximums -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Market Analytics:FBS Markets Inc. EUR/USD: outlook aheaf of NFP EUR/USD retreated from 2-week highs around $1.3030 hit yesterday, but is still trading above $1.3000. There’s the talk of sell orders in the $1.3040/50 area and buy orders in the $1.2970/80 zone. The pair still has resistance at $.3045 and $1.3170 (September high). Bear in mind that the potential lack of Spanish bailout in the coming weeks is what limits euro on the upside. At the same time, the focus today is on US NFP report (12:30 GMT; cons.: +114K, prev.: +96K) – key event to the future fate of the greenback. There’s some tricky think about the NFP report. Weak figures will be USD-negative, but better-than-expected data may be perceived differently: as USD-negative (supports risk), USD-positive (implies less QE). Saxo Bank: NFP reading in line with forecasts might be more supportive of the USD than other scenarios. The risk appetite would be supported if the jobs report is moderately firm, in other words, if it provides reason for bond purchases, but allows investors to hope for improvement in the foreseeable future. Still, no matter how good today’s figures are, they won’t bring any considerable change to the present situation at American labor market and the prospects of continuing QE3 unless the official rate goes closer to 7% than 8%. The recent poor data is a reason to be ready for a weak release. 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/2012-10-05/19433-eurusd-outlook-aheaf-nfp -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Key options expiring today: 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, $1.2975, $1.3000, $1.3020, $1.3050, $1.3100; GBP/USD: $1.6100, $1.6125; USD/JPY: 78.00, 78.50, 79.00; USD/CHF: 0.9200, 0.9370; AUD/USD: $1.0150, $1.0160, $1.0200, $1.0225, $1.0250; USD/CAD: 0.9845, 0.9900. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here http://www.fbs.com/analytics/2012-10-05/19431-key-options-expiring-today -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
October 5: forex news! October 5: forex news The market is trading in a risk-on mood. High-yielding currencies are moving up after the stocks went higher. AUD/USD returned above the 100-day MA and trades above $1.0250 after 2 days of growth. The pair, therefore, managed to hold above the significant support of $1.0165. However, demand for the Aussie is limited after a report showed construction shrank by the most in a year. Weak economic data is raising concerns the RBA may reduce borrowing costs further. According to Bloomberg data, 87% of economists expect a rate cut to happen at the November 6 RBA meeting. NZD/USD also moves up and has already touched $0.8250. EUR/USD rose on Thursday to 2-week high above $1.3000 after the ECB Bank President Mario Draghi said the central bank is ready to start buying government bonds as part of a program to help ease borrowing costs for the euro zone’s troubled economies. Euro shorts were also covered as German Finance Minister Schaeuble claimed that he wouldn’t oppose the Spanish bailout. The market now awaits US non-farm payrolls data (cons.: +114K; prev.: +96K). The analysts seem rather skeptic of how much the NFP figures can do to provide some relief to the greenback. In Europe watch for German factory orders. USD/JPY formed a spinning top yesterday with high around 78.70 and slid today below the 50-day MA hitting 78.27. Yen strengthened as the Bank of Japan refrained from expanding monetary stimulus and kept the size of its bond-buying program at 55 trillion yen ($702 billion). GBP/USD consolidates below $1.6200 after yesterday’s significant growth. USD/CAD hovers around 0.9800. 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/19429-october-5-forex-news -
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
"Draghi’s comments lift euro to $1.3000"(2012-10-04) Draghi’s comments lift euro to $1.3000 here are the essentials of mario Draghi's comments at today's press conference: • Inflation’s expected to remain above 2% in 2012 and then fall below this level in 2013. • Euro zone’s economic growth is expected to remain weak, market tensions will remain. • Euro’s irreversible. Rapid implementation of Fiscal Compact will improve confidence. • The OMT is ready today, mechanism is in place. Conditionality is a key to the OMT as it reduces moral hazard by governments and protects the independence of the ECB. Conditionality doesn’t always mean something punitive. Social benefits of reform should outweigh the costs. • Portugal: significant progress has been made, but it’s still in progress. The OMT may be applied to countries in full bailouts only when the nation in question returns full access. As for Spain, it has such access. • Greek debt rescheduling would be a form of monetary financing. 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/2012-10-04/19427-draghis-comments-lift-euro-13000 -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
NFP: market's and analysts' expectations"(2012-10-04) NFP: market's and analysts' expectations The market participants await the release of US employment data on Friday. The statistics is attracting special attention ahead of the November presidential elections as it may be used to judge the efficiency of Obama’s economic policy. So, let’s try to examine the dynamics of the American labor market. According to forecasts, the US economy created 115K jobs (NFP) in September vs. 96K in August. The unemployment rate is expected to have risen to 8.2% from 8.1%. It’s necessary to note that the jobless rate remains above 8% since February 2009 and reached a record high of 10.2% in October 2009. On Wednesday the ADP report showed that private payrolls increased by 162K last month (cons.: 145K; prev.: 189K). This report provided some relief, but many analysts say the positive data shouldn’t necessarily be seen as a forerunner for the real NFP number. All in all, economists’ outlook for the US employment at the end of 2012 has deteriorated after another weak NFP data in August. The effects of QE3, announced last month, will be seen not earlier than by the end of the year, so the analysts expect NFP to remain in the range of 80K-130K. According to specialists at BNP Paribas, the business sector will keep on the wait-and-see approach until the problem of the fiscal cliff is avoided. Therefore, labor market situation may improve only after the presidential elections. Specialists also recommend watching out for the Fed’s meeting minutes release later today: the Fed’s decisiveness on asset purchases will drive the Treasuries up and dollar – down. BLOOMBERG FILE PHOTO/SCOTT EELLS 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/2012-10-04/19425-nfp-markets-and-analysts-expectations -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"RBS: trading AUD/JPY"(2012-10-04) RBS: trading AUD/JPY Technical analysts at RBS recommend selling AUD/JPY on the pair’s decline below 79.71 with stop around 81.40 and target at 76.00. The reason is the “head and shoulders pattern”. The bank adds that Japanese yen was the best-performing currency in October as the data for the last 6 years show, while commodities and commodity currencies performed badly. Chart. Daily AUD/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/2012-10-04/19423-rbs-trading-audjpy -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"RBS: some longer-term currency prospects"(2012-10-04) RBS: some longer-term currency prospects GBP: Sterling will likely correct down against EUR and USD in Q4. EUR/GBP will meet resistance at 0.85, but its year-end target is lifted up from 0.78 to 0.80. GBP/USD advance will lose momentum and pound will spend most of 2013 below $1.6000. AUD: AUD/USD will slide to 0.90s from the second half of next year as the US economy may start gaining traction and further QE policy easing may not be necessary. The condition for such forecast is the solution of US fiscal cliff and US ability to ensure its fiscal credibility. In Australia approaching peak in the resource investment cycle affects the outlook for the nation’s economy and Aussie. CAD: Loonie vulnerable to weaker global growth and softer commodity prices. However, USD/CAD is unlikely to sustain a move above parity in the near-term. Market expectations for BoC policy tightening have been reduced, but an unchanged policy rate in 2013 could still relatively benefit 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/2012-10-04/19422-rbs-some-longer-term-currency-prospects -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"EUR/JPY: technical levels"(2012-10-04) EUR/JPY: technical levels EUR/JPY stalled in front of resistance in the 101.60/80 area (200-day MA, top of the Ichimoku Cloud at H4). Resistance: 102.10, 102.40 and 103.30. Support: 100.70, 100.20, 99.60, 99.00. Chart. H4 EUR/JPY MIG Bank: EUR/JPY is going to test long-term downtrend line and rise to 103.85 and then to 107.50. In our view, the outlook for EUR/JPY will remain positive as long as it stays above 100 yen. 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/2012-10-04/19420-eurjpy-technical-levels -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Key options expiring today"(2012-10-04) 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: $1.2800, $1.2879, $1.2900, $1.2950, $1.3000; USD/JPY: 78.15, 78. 35, 78.50, 78.80; AUD/USD: $1.0120, $1.0150, $1.0170, $1.0215; EUR/JPY: 100.00, 102.00; EUR/GBP: 0.8000, 0.8050. 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/2012-10-04/19417-key-options-expiring-today -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"USD/CAD: growth stalled?"(2012-10-04) USD/CAD: growth stalled? USD/CAD trades on a downside around 0.9860 after opening a one-month high at 0.9883 on Wednesday. Bulls broke through the 0.9858 resistance yesterday and tried to continue the uptrend, but the pair stalled after meeting the 50-day MA and a descending trend line connecting June 28 and July 25 peaks. According to specialists at TD Securities, the 50-day MA resistance (0.9871) may pause growth for some time, but the bullish impulse is strong enough. In their view, USD/CAD is likely to break higher and to move towards the 0.9950 resistance (July 22-24 highs). 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/2012-10-04/19416-usdcad-growth-stalled -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"EUR/USD: sideways ahead of the NFP"(2012-10-04) EUR/USD: sideways ahead of the NFP So, EUR/USD is moving sideways in the $1.2800/3000 range and is likely to remain there until US NFP release tomorrow. Today’s ECB meeting is unlikely to bring something new. In the near-term the dynamics of the pair will be determined by the greenback’s performance: it seems that euro has already priced in all good news and we don’t expect to hear about Spain’s request for bailout in a week from now. On the contrary, Moody’s still hasn’t announced its decision about the nation’s credit rating – this will limit EUR/USD. JP Morgan: Support area of $1.2817/1.2775 is very important. If the pair breaches it, it will slide to $1.2600. As for resistance, only a break above $1.3200 “would classically confirm a game change on big scale.” Commerzbank: “We should see failure at $1.2974/1.3000 and retest of trend line support currently at $1.2700.” Note that solid stops are set around the boundaries of EUR/USD’s current range, so the pair’s move will accelerate once it gets out of it. Chart. H4 EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Cmment here http://www.fbs.com/analytics/2012-10-04/19412-eurusd-sideways-ahead-nfp -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"NZD/USD: technical picture"(2012-10-04) NZD/USD: technical picture NZD/USD bounces after declining for four days in a row. The pair trades above $0.8200 after touching $0.8172 yesterday. NZD/USD remains in an upward channel, existing since the end of June, but consolidates in a $0.8180/8354 range since September 12. Kiwi is also supported by the 200-, 100- and 50-day MAs and by the trend line, connecting 2011 and 2012 highs. According to specialists at BNZ, a close below $0.8180 would provoke a deeper correction back towards $0.8000. 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/2012-10-04/19413-nzdusd-technical-picture -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
October 4: FBS Market Analytics! RBS: trading AUD/JPY Technical analysts at RBS recommend selling AUD/JPY on the pair’s decline below 79.71 with stop around 81.40 and target at 76.00. The reason is the “head and shoulders pattern”. The bank adds that Japanese yen was the best-performing currency in October as the data for the last 6 years show, while commodities and commodity currencies performed badly. Chart. Daily AUD/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/2012-10-04/19423-rbs-trading-audjpys -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
October 4: FBS Market Analytics! RBS: some longer-term currency prospects GBP: Sterling will likely correct down against EUR and USD in Q4. EUR/GBP will meet resistance at 0.85, but its year-end target is lifted up from 0.78 to 0.80. GBP/USD advance will lose momentum and pound will spend most of 2013 below $1.6000. AUD: AUD/USD will slide to 0.90s from the second half of next year as the US economy may start gaining traction and further QE policy easing may not be necessary. The condition for such forecast is the solution of US fiscal cliff and US ability to ensure its fiscal credibility. In Australia approaching peak in the resource investment cycle affects the outlook for the nation’s economy and Aussie. CAD: Loonie vulnerable to weaker global growth and softer commodity prices. However, USD/CAD is unlikely to sustain a move above parity in the near-term. Market expectations for BoC policy tightening have been reduced, but an unchanged policy rate in 2013 could still relatively benefit 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/2012-10-04/19422-rbs-some-longer-term-currency-prospects -
October 4: FBS Market Analytics! 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: $1.2800, $1.2879, $1.2900, $1.2950, $1.3000; USD/JPY: 78.15, 78. 35, 78.50, 78.80; AUD/USD: $1.0120, $1.0150, $1.0170, $1.0215; EUR/JPY: 100.00, 102.00; EUR/GBP: 0.8000, 0.8050. 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/2012-10-04/19417-key-options-expiring-today
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