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"BarCap recommends selling GBP/USD"(2012-09-05) BarCap recommends selling GBP/USD Barclays Capital recommends selling GBP/USD with target at $1.5600 and stop at $1.5950. The pair faces technical resistance at $1.5915. The specialists reason this way: if ECB disappoints the markets on Thursday with no further details on debt purchases, EUR/USD is vulnerable to a correction. GBP/USD is highly correlated with EUR/USD. If US non-farm payrolls come above the forecast of 121K, for example, at 150K, US dollar will have a lift. The analysts don’t expect QE from the Fed. Barclays underlined that UK PMIs have been mixed but official data remains very weak, so the Bank of England will ease its policy. According to the bank, in November the BoE may announce 50 billion pounds of QE and cut its benchmark rate by 25 bps. 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/2012-09-05/19078-barcap-recommends-selling-gbpusd

"Forecast Pte: year-long downtrend’s intact"(2012-09-05) Forecast Pte: year-long downtrend’s intact Technical analysts at Forecast Pte underline that EUR/USD is still trading within the downward channel. The resistance line of this channel is connecting $1.4549 (August 29, 2011 maximum) and $1.4247 (October 2, 2011 maximum), while the support line is going through $1.3146 (October 4 minimum). The specialists underline that during the past year euro has never climbed above the channel. For today EUR/USD’s upper limit is situated around $1.2674. Forecast Pte expects the pair to retest $1.2040 (July minimum). 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/2012-09-05/19076-forecast-pte-year-long-downtrends-intact

"Greece: a 6-day working week?"(2012-09-05) Greece: a 6-day working week? It seems that hard times for the Greek population are only beginning. According to the leaked letter from the Troika (the European commission, the ECB and the IMF) to the Greek finance and labor ministries, Greece’s creditors are demanding that the nation’s government introduce a 6-day working week and increase working time as part of the terms for a second bailout. The Troika inspectors return to Athens this week after a long delay caused by political turmoil in Greece. The officials are expected to deliver a verdict in October that will determine whether Greece will get the next trance of financial help worth 30 billion euro. Greece is in the midst of a 5-year recession, with nearly 2 million people currently unemployed (the unemployment level is almost 30%). Greek authorities are trying to enact spending cuts of a further 11.6 billion euro which were to have been implemented in June. The nation’s government is pleading for more time – 4 years instead of 2 – to fulfill debt reduction targets and spending cuts. At the same time, such extension of time would require more help from the euro zone and this looks problematic. Photo from churchillsboot.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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-05/19074-greece-6-day-working-week

"Key options expiring today"(2012-09-05) 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, $1.2530, $1.2535, $1.2550, $1.2585, $1.2650; GBP/USD: $1.5825; USD/JPY: 78.00, 78.60; AUD/USD: $1.0250, $1.0400; EUR/JPY: 97.60, 97.70, 99.00; EUR/GBP: 0.7940; AUD/USD: $1.0250, $1.0400. 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/2012-09-05/19072-key-options-expiring-today

"September 5: forex news"(2012-09-05) September 5: forex news Demand for riskier assets shrank due to the signs of global economic slowdown. MSCI Asia-Pacific index of shares outside Japan tumbled 1.2% to a 5-week low. AUD/USD slid to 6-week minimum below $1.0190 as Australia’s GDP added only 0.6% in Q2 (cons.: 0.8%; prev.: 1.4%). Moreover, a private survey showed the nation’s services industry contracted in August at the fastest pace in 4 months. NZD/USD remains under pressure testing support at $0.7925. USD/JPY rose to 78.53 in Asia, but then dropped below the opening price to 78.38. EUR/USD slid from the recent highs above $1.2600 declining for the second day. Investors await the ECB’s meeting tomorrow: a lot of expectations about the central bank’s acting to help the European countries fight the debt crisis have been built and now the pair’s pricing in the risk of disappointment. Today watch for Spanish, Italian, euro zone’s and British services PMI data. European retail sales released at 9:00 GMT may show contraction. In the evening all eyes will be on the Bank of Canada’s meeting. USD/CAD lifted from the 3-month lows but still remains close to these minimums. The BOC is expected to leave interest rates unchanged, so investors are focused on whether Governor Mark Carney will change the message that the central bank may need to hike rates. 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! Market Analysis // FBS Markets Inc. Comment here September 5: forex news // FBS Markets Inc.

FBS offer three types of accounts!!! Account types FBS ensures comfortable trading for its customers and investors regardless of their proficiency and trading strategies. We offer three types of accounts: Micro Learn more about Micro accounts Standard Learn more about Standard accounts Unlimited Learn more about Unlimited accounts Margin Call – is a warning that your account balance has fallen below the required margin (calculated in per cent rate). It means there is not enough equity (floating profits - floating losses + unused balance) in your account to support your opened orders. When this happens, FBS is entitled but not liable to close all the open positions due to the lack of free margin. Stop Out – is a minimal level of margin. At this level MT4 will be automatically closing your orders in order to prevent the account balance from falling below 0. Hedging – is the opportunity to buy and sell the same currency pair at the same time. Get Your Lost Money Back Try Out FBS Breakeven Trading now! “FBS Breakeven Trading” details: http://www.fbs.com/breakeven 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!

"UBS: bearish view on AUD/JPY"(2012-09-04) UBS: bearish view on AUD/JPY Analysts at UBS think that AUD/JPY may continue to decline. The specialists note that the pair’s testing 80.10 (38% retracement of the advance from June 1 minimum to August 21 maximum). In their view, if Aussie breaks this support, it will head to 79.50 (July minimum) and 79.03 (50% retracement). “With the recent weakness seeing daily and weekly trending tools turn negative, the picture is bearish,” says the bank. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-04/19063-ubs-bearish-view-audjpy

"RBS: thoughts about GBP"(2012-09-04) RBS: thoughts about GBP Analysts at RBS claim that British pound is overvalued at the current levels. In their view, GBP/USD’s fair value lies closer to $1.5650. The specialists say that the next couple of weeks seem set to be important in determining how currencies and financial assets trade into early December. According to them, further easing by the Fed should help limit the downside in GBP/USD over the next month. RBS underlined that Bernanke appeared to open the door a little more to further easing and even a better than expected payroll number on Friday seems unlikely to change this. 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-04/19062-rbs-thoughts-about-gbp

"Bloomberg: tip about EUR/USD "(2012-09-04) Bloomberg: tip about EUR/USD According to Bloomberg, EUR/USD is trading 3.3% higher than the median year-end estimate of more than 50 analysts at $1.22. Last week this gap expanded to 3.8%. The last time the single currency exceeded the consensus by that much was in July 2011, and euro lost 9.4% in the next 10 weeks. This gives us some food for thought, doesn’t it? The broad technical picture allows further gains (see MACD at the weekly chart), so the scenario that euro will firstly rise up to $1.3000 and then decline seems credible enough. Chart. Weekly 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/2012-09-04/19059-bloomberg-tip-about-eurusd

"Commerzbank: outlook for AUD/USD"(2012-09-04) Commerzbank: outlook for AUD/USD On Tuesday AUD/USD moves up on the RBA meeting results, but the overall trend remains downward. The pair trades below $1.0300 and is cramped between the 200- and 100-day MA. According to Commerzbank analysts, in a near-term AUD/USD is likely to find support at $1.0219 (38.2% Fib. retracement of the summer uptrend). Specialists are bearish for the pair while it remains below $1.0545 (August 23 maximum) and see the first resistance at $1.0318 (200 -day MA) and $1.0412 (August 17 minimum). AUD/USD may make an upside move, but is expected to fail to overcome the $1.0412 resistance and to drop towards $1.0100 (July 12 minimum and 50% Fib. retracement). 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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-04/19054-commerzbank-outlook-audusd

"BoA, Barclays, SocGen: ideas about the ECB"(2012-09-04) BoA, Barclays, SocGen: ideas about the ECB Bank of America Merrill Lynch: “The ECB bond buying plan at its meeting on Thursday is likely to disappoint. Further clarification is expected on the ECB’s seniority status; the type of purchased securities, which markets understood as specifying the maturity of sovereign bonds to be purchased; and perhaps the amount of securities to be purchased. In our view markets may be expecting too much transparency from the ECB in the absence of any formal request for EFSF/ESM support. The likely market disappointment should intensify the pressure on Spain to request a new program, but concrete moves will have to wait for the German constitutional court’s ruling on the ESM on September 12. The ECB may cut its refi rate by 25bp to 0.50%.” Barclays and Societe Generale: The ECB will wait until the German constitutional court decision on September 12 to give full details of its actions. Societe Generale: “While the ECB’s announcement of a new bond buying program was welcome, there’s the risk that other good news will be slower in coming.” “Draghi will be vague and he should be,” says Unicredit. Image from economist.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! http://www.fbs.com/analytics Comment here http://www.fbs.com/analytics/2012-09-04/19053-boa-barclays-socgen-ideas-about-ecb

"Key options expiring today"(2012-09-04) 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: $1.2500, $1.2540, $1.2550 (large), $1.2600, $1.2700; USD/JPY: 78.00, 78.45, 79.00, 80.00 (large); USD/CHF: 0.9540, 0.9750; AUD/USD: $1.0325; EUR/JPY: 96.00; EUR/GBP: 0.8005. 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/2012-09-04/19050-key-options-expiring-today

"September 4: forex news"(2012-09-04) September 4: forex news The market players are all about anticipating the ECB’s move on Thursday. Investors seem to believe that the ECB has everything ready to launch new bond purchases. The central bank’s President Mario Draghi said yesterday that purchases of sovereign bonds with a maturity of up to 3-years won’t be considered as state aid and would not breach the ECB’s mandate. German Finance Minister Wolfgang Schaeuble said he was sure the country's Constitutional Court would not block treaties establishing a permanent bailout fund (ESM) September 12. EUR/USD rose above $1.2600 moving gradually up. USD/JPY is up from the recent lows testing resistance around 78.40 yen. GBP/USD is trading on the upside, not far from resistance of $1.5912. UK construction PMI is released at 8:30 GMT. Swiss GDP unexpectedly contracted by 0.1% in Q2. The SNB has good reasons to keep defending franc’s cap. AUD/USD went up from its 6-week lows after the RBA left the rates on hold at 3.50%. According to the RBA Governor Glenn Stevens, the regulator’s monetary policy is “appropriate” to current economic situation. The tone of the statement was not as dovish as many market participants feared in the context of Chinese problems and drop in iron prices, but contained some dovish hints. Many economists believe the RBA remains in a wait-and-see mode. AUD/USD strengthened towards $1.0280 levels, but still remains below the 200-day MA. NZD/USD opened a new 5-week minimum at $0.7953 on Asian stocks decline, but then bounced higher. USD/CAD remains on a 4-month low around 0.9850. EU President Herman Van Rompuy meets with German Chancellor Angela Merkel today in Berlin. Italian Prime Minister Mario Monti welcomes French President Francois Hollande to Rome. Later today watch for ISM August manufacturing data (cons.:50.0, prev.: 49.8). 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/2012-09-04/19049-september-4-forex-news

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"UBS, HSBC: Grexit is not an option"(2012-09-03) "UBS, HSBC: Grexit is not an option"(2012-09-03) Many analysts say that the odds of Greece leaving the euro area have diminished considerably ahead of the Troika (the European Commission, the IMF and the ECB) review of Greek finances and its progress in meeting its repayment require¬ments to its European lenders. The final report is expected by the beginning of October. UBS: “In the short time span between March and today, the euro crisis has escalated to such an extent that, even theoretically, a Greek exit is no longer an option. The risk would be very high that it could lead to the euro¬zone unravelling altogether, because markets would see little reason why Greece can exit but Portugal, Spain and Italy cannot.” At the same time, the ECB meeting on September 6 distracts the market’s attention from the Troika. HSBC: “In more normal circumstances, the Troika report would be at the sharp end of market focus. But the reason it might not be is because there is so much else going on at the same time, with the ECB and Federal Reserve meetings taking place, so there are rather large distrac¬tions that might diminish the market’s fixation. If it were a quieter time, we would be hanging on every word of the Troika review. If the money for Greece is released then it is one less banana skin for the euro, so if the Troika report is positive, or at least neutral, then that will be good for the euro. If it isn’t, that would be a real headache for the mar¬ket because we have got used to the idea that Greece is a manageable crisis. If it looked like bail-out money would be stalled indefinitely, you would open up another unpleasant chapter in the crisis. For that reason it is not the most likely out¬come.” This image by the anonymous artist known as Colonel Flick aka Willimabanzai7 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/2012-09-03/19038-ubs-hsbc-grexit-not-option

"FX majors from top forecasters"(2012-09-03) FX majors from top forecasters Here are the forecasts for EUR/USD, GBP/USD, USD/JPY, USD/CHF and EUR/JPY from top forecasters. Data were submitted on August 31. Source: FX Week 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/2012-09-03/19035-fx-majors-top-forecasters

"AUD/USD keeps on falling"(2012-09-03) AUD/USD keeps on falling During the last days the Australian dollar has been a weak performer. AUD/USD has left the June-August upward channel and decisively moves down. On Monday the pair opened a new 5-week minimum at $1.0240 on the negative data releases. The pair trades below the 200-day MA. Next support lies at $1.0205 (100-day MA), $1.0176 (July 25 minimum) and $1.0100 (July 12 minimum). On the H4 chart we can see a bearish convergence, so a correction towards $1.0340 is possible. Most analysts are bearish on the pair’s longer term prospects. For example, specialists at UBS expect AUD/USD to reach parity before the end of 2012. In their view, falling commodity prices and worrying China economic data will weigh on the pair. Strategists at Westpac also believe the pair is moving towards $1.0000/0100. Tomorrow the RBA will hold a meeting for a policy decision. According to most economists, the regulator is likely to keep the cash rate at 3.50%. 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/2012-09-03/19034-audusd-keeps-falling

Happy Weekend from entire FBS team!!! Happy Weekend to all from entire FBS team!!! 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!

"Market talk: Buba's Weidmann may resign "(2012-08-31) Market talk: Buba's Weidmann may resign There’s talk of Bundesbank President Jens Weidmann’s potential resignation. It’s a common knowledge that Weidmann has negative attitude towards the ECB’s bond purchase program as he sees it “too close to state financing via the money press.” To satisfy Bundesbank, the ECB President Mario Draghi might have to put a lot of conditions in the program risking diminishing its impact considerably. A Bundesbank spokesman declined to comment on a report in the Bild newspaper. Weidmann told Der Spiegel on Sunday: “I can do my task best if I stay in office. I want to work to ensure that the euro is just as hard as the mark was.” We think the odds are that Weidmann won’t give up keeping pressuring Draghi. Chris Ratcliffe/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! Recent market news from FBS Comment here http://www.fbs.com/analytics/2012-08-31/19024-market-talk-bubas-weidmann-may-resign

"EUR/USD close to 8-week highs "(2012-08-31) EUR/USD close to 8-week highs EUR/USD rose to 100-day MA at $1.2582, but then declined as the sell orders clustered in the $1.2580/00 area come into play. According to flash estimates released today, euro zone’s CPI edged up to 2.6% in August (cons.: 2.5%; prev.: 2.4%). Euro zone unemployment rate remained unchanged in July at 11.3%. Euro increased ahead of Ben Bernanke’s speech in Jackson Hole. US dollar weakened against all but two of its 16 major counterparts after Atlanta Fed President Dennis Lockhart said that US central bank has a tough decision on whether to add further stimulus to promote a stronger economic recovery. Still… "We're not expecting him (Bernanke) to announce that QE would start any time soon," Christian Schulz, senior economist at Berenberg Bank. "We expect him to announce that the Fed stands ready to act if things deteriorate but there's no sign of that at the moment. Those people who are betting on QE to start imminently will be disappointed and, yes, that would mean that markets would turn south.” 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/2012-08-31/19022-eurusd-close-8-week-highs

"USD/CHF: technical picture "(2012-08-31) USD/CHF: technical picture USD/CHF is consolidating between 0.9260 and 0.9550 after a powerful decline made at the start of last week when the pair’s trading range shifted about 150 pips lower. If US dollar manages to rise above 0.9635 (this week’s high), it will be able to get to 0.9660 (August 22 maximum, June 29 high). This level and the 50-day MA at 0.9696 will provide a considerable resistance. Only the break above this level will mean that the decline from July highs is over. Support for the greenback lies at 0.9550/38 (100-day MA, last week’s minimum). Below these levels the descending trend will be confirmed and the pair will be poised for a decline to 0.9460. Area of 0.9420 will likely provide grounds for a correction back to 0.9550. Moreover, there’s a 200-day MA nearby, 0.9388. 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/2012-08-31/19020-usdchf-technical-picture

"Gaitame: levels for AUD on the downside"(2012-08-31) Gaitame: levels for AUD on the downside Analysts at Gaitame.com Research Institute think that AUD/USD may drop in September to the minimal level since the end of June. Aussie closed yesterday below the 200-day MA of $1.0315. The specialists say that if the pair slides below $1.0219 (38.2% retracement of the advance from June to August), it will get vulnerable for a slide to $1.0098 (50% retracement). 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/2012-08-31/19019-gaitame-levels-aud-downside

"The Day of Ben or Big Ben Day "(2012-08-31) The Day of Ben or Big Ben Day This day has finally come. Remember last year when we were also counting days to Jackson Hole and Bernanke neither ruled out further stimulus, nor signaled an impending move? Well, there certainly is the risk that Bernanke will be vague this year as well saying that the Fed is actively considering another round of monetary easing, but stopping short of signaling another bond-buying program is imminent. Analysts at BNP Paribas and JPMorgan claim that as the last FOMC meeting minutes were dovish – many of the FOMC admitted the need of action in the absence of the substantial and sustainable economic recovery – it would be difficult for Bernanke to sound firmer, because this would be considered as pre-emptive action on his part of the FOMC next meeting on September 12-13. Stock markets will be disappointed in case of the lack of concrete detail on the likely course of action as they have gained so far on the expectations of intervention from both the Fed and the ECB. According to Reuters’ poll released yesterday, only 44% of investors surveyed expect the Fed to announce QE3 in September, down from 70% in July. Photo from topnews.in 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/a...1/19017-day-ben

"August 31: forex news"(2012-08-31) August 31: forex news Demand for safe havens flared as Spanish Prime Minister Mariano Rajoy delayed seeking a sovereign bailout for his country. Moody’s Investors Service said its review of Spain’s debt rating (Baa3) will continue through September and reiterated the risk of a possible downgrade. USD/JPY has tested today support line at 78.38 yen. Yen held its weekly gain even after a report showed that core CPI fell by 0.3% y/y in July, while industrial production unexpectedly declined in the same period increasing the odds of more easing from the BOJ. AUD/USD closed below 200-day MA at $1.0308 yesterday, so did NZD/USD (0.7986). USD/CAD is trading on the upside around 0.9925. Canada’s GDP is released at 12:30 GMT. EUR/USD returned to $1.2500 after testing this week resistance around $1.2575 earlier this week. In Europe watch for German retail sales at 06:00 GMT, Italian unemployment 8:00 GMT and flash EU CPI and unemployment rate at 09:00 GMT. Later in the US Chicago PMI is released at 13:45 GMT. All eyes are focused on Ben Bernanke’s speech titled “Monetary policy since the crisis” at 14:00 GMT at the Fed’s symposium in Jackson Hole. The speculation about whether the Fed’s chief will announce more easing continues; the greenback is supported. 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/2012-08-31/19015-august-31-forex-news