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"JP Morgan: EUR/USD uptrend is limited"(2012-09-10) JP Morgan: EUR/USD uptrend is limited Despite the overall market optimism, analysts at JP Morgan point that the EUR/USD rally is limited. Specialists expect the pair to trade at $1.24 by the end of the year. In their view, the unwillingness of Spain and Italy to request a resque from EFSF will weigh on the single currency. Moreover, ECB is likely to cut rates next month. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-10/19148-jp-morgan-eurusd-uptrend-limited

"HSBC: beware the USD!"(2012-09-10) HSBC: beware the USD! According to specialists at HSBC, in the neareast future the greenback will come back into the limelight. In their view, for some time the US fiscal problems remained in the shadow because of the euro zone's debt concerns. However, as we approach the US elections in November, the market attention will switch to the US fiscal cliff. American authorities will have to choose between fiscal austerity and the debt growth. What's more, the widely-expected QE3 will be negative for the greenback and will encourage the risk-on trade. Image: The Telegraph 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/1970-01-01/19146-hsbc-beware-usd

"Citigroup: outlook for USD/JPY"(2012-09-10) Citigroup: outlook for USD/JPY Citigroup analysts expect USD/JPY to slide to 77.66 yen (June 1 minimum). In their view, in the next weeks the pair will trade in the 77.66-79.00 range. Taking into account the improved market sentiment and the QE3 expectations, US bond yields and, consequently, USD/JPY are unlikely to drop in the nearest future. However, QE3 is expected to weigh on the greenback. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-10/19144-citigroup-outlook-usdjpy

"Credit Suisse: bullish on EUR/USD"(2012-09-10) Credit Suisse: bullish on EUR/USD Specialists at Credit Suisse recommend buying EUR/USD at current levels, targeting $1.2985 and with a stop at $1.2595. In their view, a break above the target may even bring the pair to $1.3284. The $1.2638-1.2645 support area is likely to limit the downward correction. However, a break below this area may mean the continuation of ta medium-term downtrend. 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!http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-10/19142-credit-suisse-bullish-eurusd

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Congratulations to «999» winners !!! Dear traders! On the 7th of September demo-contest 999 was over. Within the whole month 2278 traders were struggling for the leadership and the prize fund of $999! Today we are happy to announce the results of 999: FBS MasterCard as a consolation prize goes to a trader from Russia with the lowest balance. Contest account number – 305955. 3rd place is taken by a contestant from Uzbekistan (contest account number: 304029, balance: 110680.49 USD). Prize from FBS – 111 USD! 2nd place is given to a participant from Ukraine 2 место по праву достается конкурсанту из Украины (конкурсный номер счета: 304056, баланс: 174416.64 USD). Prize from FBS – 333 USD! 1st place is taken by one more trader from Ukraine. Contest account number: 300251, balance by the end of the contest period: 210317.45 USD. Prize from FBS – 555 USD! Congratulations to our winners! We would like to thank all the participants for taking part in 999 Contest! Registration for the new 999 contest has already been opened. http://www.fbs.com/ru/999-demo-contest FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) Fastest Growing Forex Broker Asia 2012 Stay connected with FBS because its all about you!

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"NZD/USD: short-term technical picture"(2012-09-07) NZD/USD: short-term technical picture Improved risk sentiment made NZD/USD recoil up from its 100-day MA. The pair’s rising for the third day in a row. Wednesday’s daily candle looks like a ‘hammer’. Kiwi approached resistance of $0.8045 (mid-August minimums). If New Zealand’s dollar overcomes this obstacle, it will get chance to rise to $0.8100 and $0.8145. However, resistance band of $0.8045/69 looks fairly strong – highs and lows of the last 2 months area clustered in this area. If NZD/USD fails to het higher, the pair will confirm a double top in August and will be poised for a decline to $0.7840 (July 24 minimum). The prices have subsided to the levels right below the 50-day MA at $0.8035 for now. Support for the pair lies at $0.7985 (200-day MA) and $0.7925 (100-day MA). 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-07/19119-nzdusd-short-term-technical-picture

"Westpac, UBS about NFP and QE"(2012-09-07) Westpac, UBS about NFP and QE Analysts at Westpac claim that market's participants generally think that US August non-farm payrolls will show a stronger reading than economists’ consensus of 123K, given the better ADP survey and also the non-manufacturing ISM. However, the specialists expect NFP of 80K. In their view, the odds are towards more QE from the Fed. The serious doubts about the Fed’s easing may arise only if payrolls reach 185K. “Even a strong payrolls headline might not impact Bernanke’s inclination towards easing” as the unemployment will likely remain above 8%. Strategists at UBS think that the NFP number has to be very strong to support the greenback. EUR/USD keeps moving within the recent uptrend. Chart. Daily EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-07/19117-westpac-ubs-about-nfp-and-qe

"NZD/USD: Elliot waves (Westpac)"(2012-09-07) NZD/USD: Elliot waves (Westpac) Analysts at Westpac suggest that NZD/USD remains in a very broad upward trend since March 2009. In their view, the triangular consolidation since August 2011 appears to be a correction of the rally from May 2010 – the fourth corrective Elliot wave which may be subdivided into 5 smaller waves. Any eventual breakout from the triangle “should be upwards in a fifth and final wave to fresh record high, probably in 2013.” Chart. Weekly 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-07/19115-nzdusd-elliot-waves-westpac

“Predict NFP”: contest results Dear friends! According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for August is 96K. J.s. Ladrown gave the closest answer. The contestant gets an exclusive T-shirt from FBS. Congratulations to the winner! Kind regards, FBS FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) Stay connected with FBS because its all about you!

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"September 7: forex news"(2012-09-07) September 7: forex news Market’s optimism was ignited yesterday as the ECB announced its OMT plan or Outright Monetary Transactions which includes unlimited purchase of government debt. The program should help to reduce interest rates for troubled euro zone nations and prevent their exit from the monetary union. Demand for haven assets declined and equities gained. The MSCI Asia Pacific Index of stocks added 1.9% after increasing by the same amount on Thursday. Spanish 10-year yield slid yesterday to the minimal level since June 11 just above 6%. Italian 10-year yields fell to the minimum since April 4. EUR/USD is consolidating above the previous resistance of $1.26 after it closed at the highest level since July 7 on Thursday. AUD/USD pushed upwards correcting after an overdone decline. Aussie managed to rise today above the 200-day MA at $1.0316. USD/JPY is consolidating below yesterday highs at 79 yen after adding about 60 pips on Thursday. GBP/USD keeps moving slowly higher after the Bank of England lest its policy unchanged yesterday. USD/CAD is on the downside close to the key support at 0.9800. Watch for Canadian employment data later today as well as US releases. The market’s attention will be focused on US Non-Farm Payrolls report (cons.: 123K; prev.: 163K) which will be use by the markets players to judge the timing of the Fed’s QE3 Program. According to the forecasts, jobs growth slowed in August being not high enough to reduce the unemployment rate which stays above 8% since early 2009. NFP is always hard to predict. Bear in mind that ADP employment report painted a more optimistic picture of the American labor market than expected. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-07/19113-september-7-forex-news

"Key options expiring today"(2012-09-07) 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: $1.2500, $1.2550, $1.2600, $1.2650; GBP/USD: $1.5800, $1.6050; USD/JPY: 79.40; USD/CHF: 0.9500; AUD/USD: $1.0250, $1.0300, $1.0390; NZD/USD: $0.8075 EUR/GBP: 0.7945. H ave a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-07/19111-key-options-expiring-today

"USD/JPY jumped close to 79 yen"(2012-09-06) USD/JPY jumped close to 79 yen USD/JPY rallied to the upper border of its trading channel, up from the opening level by about 60 pips. The greenback was helped by the positive news from the euro area and the United States. The ECB will effectively act on the debt markets through unlimited bond buying of bonds with 1-3 maturities conditioned to the EFSF/ESM. US unemployment claims dropped from 377K to 365K vs. the forecast of 369K. ADP employment change jumped from 173K to 201K in August vs. the forecast of 142K. Commerzbank: as long as USD/JPY is trading above support of the trend line and 77.90 (August minimum), its medium-term forecast will be bullish with the psychological 80.00 region remaining in focus. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-06/19109-usdjpy-jumped-close-79-yen

<p> </p> <div></div> <div> </div> <div> "ECB Draghi: unlimited sterilized bond purchases"(2012-09-06)</div> <div> </div> <div> </div> <div> </div> <div> </div> <div>ECB Draghi: unlimited sterilized bond purchases</div> <div> </div> <div> </div> <div>- Economic growth remains weak. Projections for the euro area are lowered: 2012 GDP growth projection is diminished form -0.5%/+0.3% in June to -0.2%/-0.6% and 2013 growth estimate – from to 0.0%/2.0% in June to -0.4%/1.4%.</div> <div> </div> <div>- “Monetary Outright Transactions” (OMTs) program – purchases of government debt – will be an effective backstop for the single currency. </div> <div> </div> <div>Features of the OMTs program:</div> <div></div> <div> </div> <div>• Conditionality attached to EFSF/ESM program.</div> <div> </div> <div>• ECB will purchase bonds with maturities of 1-3 years.</div> <div> </div> <div>• There are no amount/time limits set for the bond purchases.</div> <div> </div> <div>• Liquidity will be fully sterilized.</div> <div> </div> <div>• ECB will be free to terminate the program when its goals are achieved or if the required conditions aren’t met.</div> <div> </div> <div>• ECB won’t break its mandate as it will operate on the secondary market, not the primary one.</div> <div> </div> <div>• The Eurosystem won’t be a preferred creditor will have the same treatment as other bondholders.</div> <div> </div> <div>• The purposes of the purchases are monetary: to ensure the price transmission mechanism in the euro area is functioning.</div> <div> </div> <div>• ECB is seeking the IMF insolvent, but can’t force the fund.</div> <div> </div> <div>- Euro is irreversible.</div> <div> </div> <div>- ECB retains its independence.</div> <div> </div> <div>- Governments must push on with budget consolidation and activate EFSF and ESM for the ECB to intervene in bond market.</div> <div> </div> <div> </div> <div> </div><div> </div> <div> </div> <div> </div> <div>Photo by Hannelore Foerster/Bloomberg </div> <div> </div> <div> Have a profitable trade with FBS!</div> <div>If you have any questions to our analysts, you're welcome to ask them in comments to this article!</div> <div>http://www.fbs.com/analytics </div> <div> </div> <div>Comment here http://www.fbs.com/analytics/2012-09-06/19107-ecb-draghi-unlimited-sterilized-bond-purchases</div>

"EUR/CHF took off from 1.20"(2012-09-06) EUR/CHF took off from 1.20 One year passed since Switzerland limited the ability of EUR/CHF to decline by 1.2000. EUR/CHF rose today to 1-month maximum of 1.2062 before recoiling down from the 200-day MA to the levels around 1.2050. Note that the current advance of the single currency is unlike the few, sharp rallies and reversals of the past four months which were caused by merely speculative activity. This time euro is moved by hopes of the ECB’s bond purchases. The less is the risk of euro zone’s collapse, the less is demand to buy franc versus euro. If the ECB does something to ease pressure on the European bond markets and it looks like it will, we’ll see short covering in EUR/CHF. In addition, there are the rumors that the Swiss National bank might lift the EUR/CHF peg up. Analysts at Rabobank claim that this time the rumors may have some substance behind. In their view, the odds of the SNB lifting the peg to 1.25 are greater than the possibility of the central bank abandoning it. Such assumption seems sensible enough: if the ECB decision triggers euro’s short covering, it would be easier for SNB to lift the floor. Remember that Switzerland does need weaker franc. Swiss economy contracted in Q2 by 0.1% q/q and deflation surely played its role in that. On the other hand, the downtrend in EUR/USD may resume in the near future. That would put EUR/CHF under negative pressure. You may see on the H4 chart that the pair has some support and euro isn’t in a hurry to return to 1.20. The key event is, with no doubts, the ECB meeting: if the markets are satisfied by its results and the central bank manages to pull down peripheral bond yields, the chances of EUR/CHF for gradual advance will increase. If not, euro will be pulled back to 1.20 and the market will once again test the SNB’s resolve to defend this level. Better stand aside for now. Chart. H4 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-06/19...eurchf-took-120

"AUD: skeptical views on labor market"(2012-09-06) AUD: skeptical views on labor market AUD/USD rallied from almost a 7-week minimum around $1.0160 as unemployment unexpectedly fell in August (Actual: 5.1%; cons.: 5.3%; prev.: 5.2%). Never the less, analysts at NAB aren’t optimistic at all. In their view, the jobless rate declined only because many people have stopped looking for work due to the glut of negative news and low levels of consumer confidence. Australian employment fell by 8.8K last month (cons.: 5.1K; prev.: 11.7K). According to NAB, “it was a fairly soft labor force report, with the level of employment back to where it was in April 2012, so no jobs (in net terms) have been created in the past four months.” Strategists at ANZ are almost sure that Australian unemployment rate will move higher in the near future. “We find it very difficult to believe that the unemployment rate declined in the month given that job ads and measures of hiring intentions have trended lower over the past six months, and the number of unemployment benefit recipients has trended higher.” Bear that in mind ahead of further RBA meeting and employment data releases. The data might not support Aussie for long. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-06/19096-aud-skeptical-views-labor-market

"USD: NFP will make the Fed decide"(2012-09-06) USD: NFP will make the Fed decide Market expectations for additional monetary stimulus from the Fed strengthened after Ben Bernanke said last Friday the central bank was ready to act if needed. The US is struggling to show economic recovery. US manufacturing survived in August the biggest decline in more than 3 years: the ISM manufacturing PMI index came at 49.6 (cons.: 50.0; prev.: 49.8). The main focus now is on the labor market. According to consensus forecast, US non-farm payrolls grew in August less than in July (cons.: 121K; prev.: 163K), while American unemployment rate stayed above 8% for the 43rd month in a row. The data is released on Friday, September 7, at 12:30 GMT. Watch for the ADP employment report today at 12:15 GMT for the hints (cons.: 142K; prev.: 163K). The FOMC meets next week, on September 12-13. Credit Agricole: “The Fed is likely to ease further this month but exactly what options it will take will depend on data. So until we see the jobs report, we can’t push markets either way.” BBH: “The outcome of next week’s FOMC meeting and thus the timing of QE3 may very well rest on Friday’s NFP data for August. We expect that a number close or higher to the July print will keep the Fed adjusting its future guidance rather than initiating a new asset purchase program. This will probably translate into a dollar positive and equity negative outcome.” Photo: Victor J. Blue for Bloomberg 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-06/19098-usd-nfp-will-make-fed-decide

"ECB’s decision: analysts in anticipation"(2012-09-06) ECB’s decision: analysts in anticipation EUR/USD returned to the recent highs above $1.2600 as leaked report from Bloomberg unveiled that the central bank is to announce unlimited, sterilized buying of bonds with maturities less than 3 years. NAB: The market is pleased by the fact that we have some details and that the ECB is going to follow through with what was hoped that they would do. The euro can at least remain around current levels and possibly be a little bit supported into the ECB meeting. Bloomberg survey: 30 of 58 forecasters expect the ECB to cut benchmark rate by 25 bps to 0.5%. UBS: There’s 60% probability of the ECB’s rate cut today. Nomura: Calls for a rate cut will be justified by the ongoing deterioration in the growth outlook and in spite of slightly firmer inflation projections. The ECB may once again cut GDP forecasts. Westpac: Low chance of a rate cut right now. The more important question for markets is what President Draghi will say at his news conference. If the anonymous central bank sources are correct on the key points, then EUR reaction should be limited. We doubt any attempt to “sell the fact” will last long, as the ECB is set to take important and welcome action to stabilize euro zone’s bond markets and sharply reduce risk premiums related to EMU exit(s). RBS: Rates will be left on hold with the latest set of projections to paint a gloomier picture on growth the inflation outlook unchanged. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-06/19094-ecbs-decision-analysts-anticipation

"Key options expiring today"(2012-09-06) 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: $1.2500, $1.2525, $1.2550, $1.2625, $1.2635; GBP/USD: $1.5865, $1.5900, $1.5925; USD/JPY: 78.50, 78.70; USD/CHF: 0.9600; AUD/USD: $1.0150, $1.0200, $1.0220, $1.0300, $1.0250; USD/CAD: 0.9900, 0.9925 EUR/GBP: 0.7865, 0.7935, 0.7950; EUR/JPY: 98.60. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-06/19092-key-options-expiring-today

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September 6: forex news Thursday EUR/USD has been trading between $1.2470 and $1.2625 since August 23. The market’s waiting for the ECB meeting and its mood swings between optimism and cautiousness. Today the former dominated during the Asian trade after a leaked report from Bloomberg unveiled the central bank is to announce unlimited, sterilized buying of bonds with maturities less than 3 years. According to a member of Angela Merkel’s party, the Chancellor told lawmakers yesterday she can accept temporary ECB bond buying. Some analysts say that now there isn’t anything the ECB may surprise the markets with. In their view, the market will be instead focused on ADP employment report, unemployment claims and the ISM non-manufacturing index released in the US in the evening ahead of the NFP figures coming on Friday. Bank of England also meets today, though it’s not in the highlight. The BoE is expected to keep its monetary policy unchanged for now – benchmark rate at 0.50% and asset purchase program at 375 billion pounds ($584 billion). There may be more QE when the current program is completed in November. GBP/USD is trying to hold above $1.5900. AUD/USD rallied from almost a 7-week minimum around $1.0160 as unemployment unexpectedly fell in August (Actual: 5.1%; cons.: 5.3%; prev.: 5.2%). USD/JPY is trading sideways, though moving up very gradually, still below resistance of 78.45. USD/CAD managed to rise above 0.9900 but was capped by the resistance at 0.9915. 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/2012-09-06/19090-september-6-forex-news

"Commerzbank: USD/CAD may rebound"(2012-09-05) Commerzbank: USD/CAD may rebound Technical analysts at Commerzbank claim that despite the fact that the outlook for USD/CAD is negative as long as it’s trading below 0.9948 (August 23 maximum), they expect the pair to level out in the support area of 0.9843/00 and then start rising once again. The specialists say that if USD/CAD closes the day above 0.9948, one may expect it to reach 1.0045 (61.8% Fibonacci retracement of the advance from April lows to June highs). Also note that there’s bearish convergence on the daily MACD – a bullish signal. On the downside, the decline below 0.9800 will bring USD/CAD to 0.9725 (August 2011 minimum). 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-05/19082-commerzbank-usdcad-may-rebound

"BarCap: why USD/JPY may turn up"(2012-09-05) BarCap: why USD/JPY may turn up 1) Reduced tail risk in the US and the euro area economies and potentially higher US yields. 2) Room to catch up to widening yield gap. 3) Relatively easy Japanese monetary policy. 4) Japan’s sovereign downgrade risk: 10% hike in consumption tax in 2015 alone is not enough to bring Japan’s fiscal deficit back to surplus. Also, there is a non-negligible implementation risk. 5) Worsening external balance for Japan. ƒ 6) Continued outflow from Japan through overseas M&A by Japanese firms. ƒ 7) High intervention risk below 78 yen: since the massive JPY selling intervention last October, Japanese officials have indicated that the level of the JPY rather than the speed or volatility is their concern and the reason for the intervention. Chart. H4 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-05/19080-barclays-capital-why-usdjpy-may-turn