Exchange Blog Cryptocurrency Blog
internationallove
Member-
Posts
3,649 -
Joined
-
Last visited
-
Days Won
1
Everything posted by internationallove
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Key options expiring today"(2012-06-13) 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: $1.2400, $1.2440, $1.2445, $1.2455, $1.2465, $1.2500, $1.2550, $1.2570, $1.2650. USD/JPY: 79.55; USD/CHF: 0.9850; AUD/USD: $0.9800, $0.9870, $0.9950; EUR/GBP: 0.8030, 0.8050; GBP/USD: $1.5500, $1.5600, $1.5685. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-13/17974-key-options-expiring-today -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"EUR/USD: negative pressure’s again here "(2012-06-13) EUR/USD: negative pressure’s again here Technical analysts at Commerzbank claim that euro’s correction versus the greenback may be over as EUR/USD didn’t manage to overcome resistance at $1.2672 (38.2% Fibonacci retracement of May decline). In addition, the specialists spotted divergence on the H4 RSI chart. As a result, the bank recommends selling the single currency. As the same time, the analysts don’t completely rule out the possibility of euro’s advance to $1.2786 (50% retracement) and even $1.2825 (May 21 maximum) if EUR/USD overcomes resistance and rises above June maximums. On the downside, below $1.2435 (June 8 minimum) euro will be vulnerable for a decline to $1.2288 (2012 minimum) and then to $1.2058 and $1.2000. Chart. Daily EUR/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-13/17972-eurusd-negative-pressures-again-here -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
Wednesday, June 13: economy and currencies (2012-06-13) Wednesday, June 13: economy and currencies Risk sentiment is affected by lack of details in a loan agreement to help Spain recapitalize its banking sector and concerns that the bailout will aggravate the country’s huge public debts. Italian yields went up to 6.3% yesterday, the highest level since end of January. Spanish borrowing costs rose to 15-year maximum of 6.83%. EUR/USD is trading below 23.6% Fibonacci retracement of its decline in May. Demand for safe havens strengthened after Fitch Ratings predicted Spain will miss budget-deficit targets. Moreover, the agency downgraded 18 Spanish banks yesterday. US dollar strengthened versus its major peers. USD/JPY remains seated in the 79.10/80 area, above Kijun-sen at the daily Ichimoku chart. Aussie should have gained on comments of the RBA Governor Glenn Stevens who said that the strength of the nation’s currency benefits consumers and though “a number of sectors are really struggling with the exchange rate where it is, we shouldn’t wish too quickly for a low exchange rate.” However, AUD followed euro stalling its progress against the greenback, unable to overcome the parity level. Events to watch today: Euro zone: Industrial production in the region is forecasted to drop by 0.9% in April after a 0.3% decline in March. Germany holds a 10-year bond auction. Italy holds a T-bill auction. U.S.: Retail sales are expected to decrease by 0.1% while core retail sales (excluding automobiles) – to increase by the same percent. Producer price index may go down by 0.6% in May. The April disappointing results, when a 0.2% decline was recorded, reinforce the worries about the further monetary policy easing. Business inventories may increase by 0.4% April. Later in the day a 10-year bond auction will be held. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-13/17...-and-currencies" target="_blank">http://www.fbs.com/analytics/2012-06-13/17...-and-currencies</a> -
«999» monthly trader demo contest!!! Dear traders! FBS has already started the registration for 999 Contest. Don’t miss the chance to participate in the best demo contest and win valuable prizes (555 USD, 333 USD, 111 USD). Registration: 4.06.12 - 19.06.12. Contest period: 20.06.12 - 20.07.12 Contest details Registration Take part and win! 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!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Commerzbank: euro’s recovery may be over "(2012-06-12) Commerzbank: euro’s recovery may be over Technical analysts at Commerzbank claim that euro’s correction versus the greenback may be over as EUR/USD didn’t manage to overcome resistance at $1.2672 (38.2% Fibonacci retracement of May decline). In addition, the specialists spotted divergence on the H4 RSI chart. As a result, the bank recommends selling the single currency. As the same time, the analysts don’t completely rule out the possibility of euro’s advance to $1.2786 (50% retracement) and even $1.2825 (May 21 maximum) if EUR/USD overcomes resistance and rises above June maximums. On the downside, below $1.2435 (June 8 minimum) euro will be vulnerable for a decline to $1.2288 (2012 minimum) and then to $1.2058 and $1.2000. Chart. H4 EUR/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-12/17969-commerzbank-euros-recovery-may-be-over -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Key options expiring today"(2012-06-12) 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: $1.2450, $1.2540, $1.2625; USD/JPY: 78.00, 79.00, 79.05, 79.25, 79.30, 80.00; EUR/JPY: 99.80; AUD/USD: $0.9700, $0.9770, $0.9950, $1.0000; EUR/GBP 0.8050. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-12/17965-key-options-expiring-today -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
June 12: economy and currencies (2012-06-12) June 12: economy and currencies EUR/USD began today’s trading day edging higher. However, the pair’s staying below the strong psychological resistance of $1.2500. On Monday the common currency has sharply declined when the initial optimism caused by the Spain’s bailout request began dissolving as investors realized that the region’s crisis is far from over. Italy’s 10-year bond yields reached 6.03% on yesterday’s auction, while Spain’s borrowing costs have already overcome the 6.50% threshold. Riskier currencies such as Australian and New Zealand’s dollar recovered from yesterday minimums, but the trade promised to be quite choppy this week, so be careful. The Japanese yen declines against its major peers after the International Monetary fund said that the currency is overvalued and the Bank of Japan should ease the monetary policy further. In other words, the IMF justifies the potential BoJ intervention at forex market. The next BoJ policy meeting is scheduled on Friday, June 15. Note that Japanese tertiary industry activity went down by 0.3% in April (consensus-forecast was +0.4%). USD/JPY consolidated above Kijun-sen at the daily Ichimoku chart in the 79.10/80 area. Events to watch today: Euro zone: Greek T-bill auction. Great Britain: A bunch of important figures is to be released: manufacturing and industrial production data and NIESR GDP estimate. According to economists, manufacturing production increased by 0.1% in April compared with a 0.9% growth in March. U.S.: Federal budget balance is expected to show $107.2 billion deficit in May after $59.1 billion surplus in April. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-12/17966-june-12-economy-and-currencies -
5 USD Cash Reward from FBS!!! Here at FBS we do our best to provide the most optimal trading conditions. We offer you a unique opportunity to try out the advantages of trading with FBS without even making a deposit. We add 5 USD Bonus to any “Micro” account, so you can start trading right away. You can withdraw your profit anytime without any restrictions! To receive a 5 USD Bonus, please follow these 3 easy steps: 1: Open a “Micro” account and verify your mobile phone during the registration 2: Verify your account by submitting your personal ID scan (passport, driver’s license) and an address proof 3: Click “Get 5 USD Bonus” in your Personal Area Have you already tried out trading with FBS and would like to withdraw your profit now? Help us improve our services. Tell us about your experience with FBS, what you liked or disliked and what we can do to enhance our service. Please leave a feedback in any trader community when you make your 1st withdrawal. Your opinion is highly valued and appreciated. You can deposit funds into your bonus account just like into any other “Micro” account. Just choose your convenient way of account deposit in your personal area and keep trading without any restrictions! Promotion Rules Bonus value is 5 USD Bonus can be granted only to "Micro" accounts Bonus account has to be verified. To verify the account, please submit your personal ID scan and an address proof Mobile phone verification is an obligatory procedure prior to receiving the bonus. The verification is free and is performed by sending an SMS Profit from trading on a bonus account can be withdrawn anytime The cost of the 1st withdrawal from a bonus account is 7 USD. These funds will be deducted from the 1st withdrawal only. All the next withdrawals are free It is necessary to leave a feedback about FBS services in any trading community forum when you make your 1st withdrawal from a bonus account Every client may have ONLY ONE bonus account. In case several bonus accounts are found belonging to one person (or if such suspicions arise, including IP address match, contact info match, etc), all the bonuses will be cancelled, your profit will be cancelled, and your account will be blocked FBS reserves the right to decline client’s bonus application without assigning any reason and prior notification. FBS reserves the right to change or modify the promotion rules, stop the promotion or any of its parts anytime without prior notification. All the changes will be announced on our website in the “Company news” section We do hope that trading on bonus account lets you try out FBS advantages and becomes a starting point for our successful cooperation! 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!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"EUR/USD: bears never left "(2012-06-08) EUR/USD: bears never left The EUR/USD cross resumed the bearish movement: euro failed to overcome the $1.2626 resistance (January minimum). Many analysts believe that yesterday the cross reached its peak before the Greek elections (June 17, Sunday). This week Greek question was a wallflower and the focus moved to Spain, but, obviously, the closer the vote is, the higher is the pressure. However, there are several timid beams of light in Europe: German Chancellor Angela Merkel seems to be ready to act to ensure stability in the euro region, while Spain managed to raise 2 billion euro on a bond auction. Analysts at Commerzbank believe the EUR/USD cross could continue the upward movement after the current pullback. In their view, the next targets for the pair are $1.2786 and $1.2825. However, the downside is still more likely: support lies at $1.2058 (200-month MA) and $1.2000 (psychological support). Also note that market players will trade on a strong correlation of EUR/JPY and AUD/JPY with stock markets (uncertainty weighs on stock markets – yen strengthens). Chart. Daily EUR/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-08/17944-eurusd-bears-never-left -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Lloyds, RBS: GBP/USD is range bound "(2012-06-08) Lloyds, RBS: GBP/USD is range bound British pound fell from 1-week maximum versus the greenback at $1.5600 to the levels in the $1.5440/00 area as the markets are in the risk-off mode today. Risk sentiment worsened as the Federal Reserve and even the Bank of England gave no indication of further monetary stimulus this week. UK PPI Input fell in May by 2.5% (m/m) after a 1.4% drop in April and below market consensus of a 1.3% decline. For now pound get hurt. At the same time, note that sharper-than-expected drop in input prices could give the BOE more leeway to ease policy in coming months. Many analysts expect GBP/USD to stay range bound in the near-term: Lloyds and RBS speak about the levels between $1.5250 and $1.5600. RBS recommends buying and selling sterling on the extreme of this range reassessing any fresh opportunities next week. Within the range mentioned above the specialists distinguish levels: $1.5299 (number of minimums since the end of 2010), $1.5504 (38.2% retracement of the advance from January to February) and $1.5514 (23.6% retracement of the May-June range). Chart. Daily GBP/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-08/17947-lloyds-rbs-gbpusd-range-bound -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Key options expiring today"(2012-06-08) 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: $1.2400, $1.2430, $1.2500, $1.2550, $1.2600, $1.2650; GBP/USD: $1.5500; EUR/GBP: 0.8055; USD/JPY: 79.00; AUD/CAD: 1.0250; AUD/USD: $0.9975. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-08/17942-key-options-expiring-today -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"SocGen: sell AUD/USD on China "(2012-06-08) SocGen: sell AUD/USD on China Analysts at Societe Generale recommend selling Australian dollar versus its US counterpart at $0.9975 stopping at $1.0175 and targeting $0.9500. The specialist claim that the fact that China has cut interest rates means that the nation’s authorities are concerned about growth: “a simple interest rate cut would have been good news, but China also adjusted deposit rates and lending rates implying that we won't see a big investment stimulus like we did in 2008.” The People's Bank of China (PBoC) cut official 1-year borrowing rate by 25 bps to 6.31% and 1-year deposit rate by a similar amount to 3.25%. The cut marked Beijing's biggest move to date to support growth. The PBOC announced it was giving banks the freedom from June 8 to set deposit rates as high as 110% of the benchmark rate and offer rates on new loans for as little as 80% of official policy rates, an additional 10% points of leeway from the current 90% limit. Until now commercial banks have been barred from charging rates on deposits higher than the benchmark set by the central bank. Chart. Daily AUD/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-08/17941-socgen-sell-audusd-china -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"UniCredit: 2012 currency outlook "(2012-06-08) UniCredit: 2012 currency outlook UniCredit doesn't expect the single currency to show significant rebound versus the greenback anytime soon. In their view, EUR/USD has settled in the $1.2500/$1.2000 trading area and the potential recovery will remain limited and offer new selling opportunities. The specialists think that the concerns about the Bank of Japan’s intervention will prevent more USD/JPY sales. The greenback’s strength will drive GBP/USD down to $1.5200/5000. As for the Swiss franc and commodity currencies (AUD, NZD, CAD), trading’s expected to remain quite volatile. Here are the bank’s forecasts (submitted on June 1): Data from UniCredit Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-08/17939-unicredit-2012-currency-outlook -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
June 8: economic background Friday, June 8, 2012 - 07:24 The day has begun with a risk-off trade as potential gains on the unexpected Chinese interest rate cut quickly evaporated after the Fed’s Chairman Ben Bernanke didn’t signal further monetary stimulus yesterday. On Thursday China cut its interest rates for the first time since 2008, attempting to defend the export-oriented economy from the euro zone’s turmoil. The move may mean that the economy is weaker than expected. Tomorrow watch for inflation report, investment and output figures –traders are now worried that the figures may be quite disappointing. Asian stocks declined (MSCI Asia Pacific Index +1.3%), commodity currencies weakened. Japanese yen strengthened versus all of its main counterparts The Dollar Index rebounded from almost 1-week minimum. Yesterday Japan’s Q1 GDP was revised up to +1.2% (q/q). USD/JPY declined today, though the pair retains weekly gain as the Bank of Japan’s expected to announce more easing next Friday (June 15). Analysts at Westpac think that the BOJ will be the first among the 2 central banks (the BOJ, the Fed) to ease policy, so this may provide support for the greenback. Commodity prices and Chinese slowdown still have an impact on the Australia’s trade, but improvement could be on the way: Australia’s trade deficit declined from 1.28B Australian dollars in March to 0.20B in April. According to RBA Governor Glenn Stevens, the economic situation in the country is much better than in other economies. Stevens didn’t give any hints on the future monetary policy easing. Moreover, he underlined that the previous easing was not supposed to create speculative demand for Australian assets. AUD/USD is down in the $0.9850 zone after testing the parity yesterday. The single currency eased down from $1.2625 (January minimum, June 7 maximum) to test the levels below $1.2500. German trade surplus exceeded the forecast of 13.3B euro posting 16.1B euro in April, up from 13.7B in March. The positive figures provided some support for EUR/USD, but not much as the debt woes are still hovering over the region. There’s a bunch of important Canadian data (housing, employment and trade) as well as US trade balance released later today. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-08/17937-june-8-economic-background -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"BoE left policy unchanged… for now "(2012-06-07) BoE left policy unchanged… for now The Bank of England decided to leave its monetary policy unchanged: the benchmark rate remained at 0.5%, while the size of the asset purchase program was left at 325 billion pounds. UK central bank was under serious pressure to do more stimulus as British economy has entered official recession and is affected by the European debt crisis. The nation’s GDP contracted by 0.3% in the first 3 months of the year. In addition, manufacturing activity plunged in May in the sharpest fall since November 2008. So, the market had reasons to expect more easing from the BoE. At the same time, the story isn’t clearly over yet: there are a lot of events ahead which concern Europe, Britain’s main trading partner. The matter is about Greek elections and the decisions which the region’s authorities will have to make afterwards. So, as with the European Central Bank the focus turns to the next BoE meeting in July and analysts at ING Bank expect further stimulus. British pound showed the second day of solid gains versus the greenback and retraced more than 50% of last week’s slump. GBP/USD rose from Friday’s minimum at $1.5233 to the levels in the $1.5670 area, above the previous weekly maximum of $1.5515. Chart. Daily GBP/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17935-boe-left-policy-unchanged-now -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"SNB increased currency reserves"(2012-06-07) SNB increased currency reserves According to the Swiss National Bank statement, the SNB’s foreign currency reserves reached a record high in May (303.8 billion Swiss francs from previous 237.6 billion francs). The regulator attempts to defense the franc floor under the conditions of the uncertainty in the euro zone. It is necessary to note, that the 1.20 threshold protects the franc from excessive strength as a safe haven currency and supports the Swiss economy. Analysts at Bank Sarasin underline that the SNB will be forced to intervene if the euro zone’s situation worsens. However, according to analysts at ING Group, for the moment there is no reason to believe that the floor could be broken even under higher pressure. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17929-snb-increased-currency-reserves -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"SocGen, RBS: comments on EUR/GBP "(2012-06-07) SocGen, RBS: comments on EUR/GBP Analysts at Societe Generale note that the single currency has made something like a U-turn 2 weeks ago as it rose from 0.7950 (May 16 minimum) to the levels in the 0.8100 area this week. The specialists point out, however, that EUR/GBP is facing resistance at 0.8130 (50-day MA). If the Bank of England doesn’t deliver monetary stimulus today, euro may get under renewed selling pressure. In addition, the bank underlines that the pair isn’t oversold now, while there will likely be more negative news from the euro area. As a result, SocGen regards bearish risks as quite high. Strategists at RBS claim that EUR/GBP may get stuck in the 0.7950/0.8221 area. In their view, resistance for the pair lies at 0.8142 (May 3, June 5 maximums), 0.8192/97 (May 1 maximum) and 0.8222 (April 25 maximum), while support is found at 0.8063 (gap opening), 0.7950 (2012 minimum) and 0.7695 (2010 minimum). Chart. Daily EUR/GBP Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17927-socgen-rbs-comments-eurgbp -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"EUR: how long will the strength last? "(2012-06-07) EUR: how long will the strength last? The EUR/USD cross bounced from its two-year low (June 1) and broke through the strong $1.25 resistance level. The pair is pushed up by the prospects of the additional QE in the US, the words of the ECB President Mario Draghi that the market underestimated the political decision of the EU to preserve the currency block and the results of the Spanish and French bond auctions. Strategists at BMO forecast the EUR/USD to reach $1.2625 (Jan. low), while analysts at Nomura expect the pair to bounce to $1.2700. The nearest resistance for the pair lies at $1.2600 (psychological level) and $1.2690 (38.2% retracement of May 1-June 1 drop). However, in long-term most analysts remain bearish on the prospects of the common currency. The euro is expected to decline against the greenback as the EU leaders struggle to resolve the crisis. Moreover, economists expect that Germany will finally agree on the Eurobonds issue in order to support the peripheral countries. In case European politicians fail to compromise, the market situation will definitely worsen: massive outflow of capital out of the region is expected. Draghi said the ECB will continue to supply euro zone banks with the liquidity they ask for in the refinancing operations at least until early 2013. Chart. Daily EUR/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17925-eur-how-long-will-strength-last -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"RBC, Westpac: RBA rates and forecast for Aussie"(2012-06-07) RBC, Westpac: RBA rates and forecast for Aussie The Reserve Bank of Australia cut its benchmark interest rate by 25 bps to 3.5% this week getting close to the 3% level set after the global financial crisis has hit the fan. Many analysts expect the RBA to reduce the borrowing costs more this year citing deteriorating global economic prospects. RBC: “We’re looking for at least one more cut, but our rates outlook is under review at the moment … and clearly the risk is that terminal cash ends up below 3.25% [by the end of the year].” Westpac: the RBA would cut rates again in July, in August and in December, taking the cash rate to 2.75% by the year-end. “Relative to the May [cuts], there has been a series of observations … that suggest to us that the [Reserve] Bank is prepared to cut rates significantly further.” Westpac expects AUD/USD to slide to 0.9600 by September before returning above the parity by the end of 2012 line with a pull-back in the USD index due to the monetary stimulus policies in Europe, China and the US, particularly in Q4. “The combined effects will reverse the negative dynamics current swirling around Aussie,” say the specialists. According to the bank, AUD/USD will reach $1.0200 by the end of the year and moving even higher in early 2013, before leveling out at mid-year in the $1.0500/0600 area. Chart. Daily AUD/USD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17923-rbc-westpac-rba-rates-and-forecast-aussie -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Scotiabank: short- and long-term outlook for loonie"(2012-06-07) Scotiabank: short- and long-term outlook for loonie Analysts at Scotiabank revised down the near-term outlook for Canadian dollar due to deteriorated growth prospects of China and India and euro zone’s debt problems. According to the bank, the pair USD/CAD will keep gaining towards the end of the month and current quarter. However, the specialists think that in the longer term the outlook for loonie will significantly improve once risk aversion and the rapid flow into US dollar denominated assets subside. In their view, CAD will strengthen against its US counterpart in the second half of 2012. Scotiabank underlines that the Bank of Canada is likely to hike interest rates long before the Fed, the ECB or the Bank of Japan. In addition, Canada still has top credit rating and developed bond market – these factors will support demand for loonie. The analysts expect USD/CAD to slide to 0.9900and by the year-end. Chart. Daily USD/CAD Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17921-scotiabank-short-and-long-term-outlook-loonie -
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
"Key options expiring today"(2012-06-07) 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: $1.2420, $1.2420, $1.2500, $1.2525 (large); EUR/GBP: 0.8040, 0.8050, 0.8060, 0.8100; USD/JPY: 78.50, 78.70, 79.00, 79.50; EUR/JPY: 99.00; AUD/USD: $0.9800. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17918-key-options-expiring-today -
FBS opened new office in Bandung (Indonesia)!!! FBS opened new office in Bandung (Indonesia) Great news for Indonesian traders! FBS broadens its horizons by opening a new support and education office in Bandung (Indonesia). Everyone who is interested in Forex trading is welcome to our new office to start the way to success with FBS! Our doors are always open to existing and prospective customers in Indonesia. Contact details: Address: Jalan Matraman 16A, belakang hotel horizon , Bandung. Phone: (022) 7323462 Customer service : Indosat [085722511188] Pin BB 22C7B445 Email : informasi@fbsbandung.com 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!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
June 7: economic background and currencies Thursday, June 7, 2012 - 06:53 The risk sentiment was rather positive. Asian stocks rose (MSCI Asia Pacific Index +1.5%). Japanese yen has broadly weakened on lower demand for safe havens. Australia has made a contribution to reviving the risk appetite. The nation’s economy added 38.9K jobs in May after a 2.2K contraction in April and a 7K growth forecast. Unemployment rate increased in line with expectations to 5.1% from 5.0%. Aussie is strengthening for the fourth consecutive day. In general the country’s recent economic data is positive for the currency: the rate cut on Tuesday was less than some expected, while nation’s GDP surprisingly grew by 1.3%. The greenback is under pressure ahead of Ben Bernanke’s testimony as many think that the Fed's Chairman may signal further stimulus in order to help US economy recover. The Federal Reserve’s Vice Chairman Janet Yellen, a well-known dove, claimed yesterday that American economy “remains vulnerable to setbacks” due to slowing job growth and deteriorating financial-market conditions and may warrant additional monetary stimulus. San Francisco’s FRB president John Williams and Atlanta’s Dennis Lockhart also talked about possible need for an action, saying their level of concern had risen since the Fed's April meeting. Read more on the Fed’s policy here. The single currency has managed to break out of May downtrend channel and settle above $1.2500 as the short-term players trimmed euro shorts on the hopes of more policy action, both in Europe and the United States. EUR/USD rose to $1.2585, about 2.3% above 2-year minimum of $1.2288 hit last week. However, trading will remain quite volatile, with risk assets vulnerable to declines. Uncertainty will stay high until there’s a solution of banking and sovereign solvency problems. Events to watch today: Britain: Bank of England’s MPC meeting. Euro area: Spanish and French 10-year bond auctions. US: unemployment claims. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-07/17917-june-7-economic-background-and-currencies -
Gold Trading with FBS!!! Gold is a highly profitable asset which constantly grows in price. Constant turmoil in financial markets and the global economic crisis make gold a very attractive tool for investors. In today's world, gold is one of the most reliable ways to keep your funds safe. Gold price has grown 6 times in the last 10 years. In other words it is 600% in 10 years or 60% a year! Gold is one of the easiest and understandable trading tools Total profit 166022 USD 16602 % Try it Now! 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!
- 2,777 replies
-
- FBS
- FBS markets
- (and 6 more)
-
FBS.com - Daily/Weekly Analysis / Market News
internationallove replied to internationallove's topic in Technical Analysis
June 6: risk sentiment has improved Wednesday, June 6, 2012 - 08:07 Yesterday’s emergency conference of G7 finance ministers and central bankers passed without big headlines: the officials agreed “to monitor developments closely ahead of the G20 summit in Los Cabos.” The market took an optimistic view thinking that the policymakers are preparing some major developments for 18-19 June 2012. Risk sentiment improved, Asian stocks gained (MSCI Asia Pacific Index +1.2%), US dollar and Japanese yen weakened versus the most of their counterparts. The greenback was also affected as Chicago FRB President Charles Evans said that “extremely strong accommodation” is needed taking into account the poor economic data released in the US so far. Australian GDP added 1.3% in the first 3 months of the year vs. 0.5% advance expected. AUD/USD rose by more than 100 pips. USD/JPY went up for the third day in a row as Japan’s finance minister Jun Azumi Japan’s indicated that G7 nations remain supportive of intervention to address extreme currency moves. Important events today: - Euro area: the ECB meeting results. The majority of experts think that the central bank will leave its benchmark rate unchanged at 1%. If the ECB does cut rates, euro will get a blow. - US: beige book will give us more hints on the current economic conditions in the United States ahead of the FOMC meeting on June 19-20. Have a profitable trading day with FBS! If you have any questions to our analysts, you’re welcome to ask them in comments to this article! Comment here http://www.fbs.com/analytics/2012-06-06/17903-june-6-risk-sentiment-has-improved