internationallove

"Nomura: short-term economic outlook"(2012-05-21) Nomura: short-term economic outlook Global: • China‘s growth re-accelerates in the second half after a first half slowdown to just above 8%. • Downside risks: an oil price spike; a euro-area flare up; the US end-2012 fiscal cliff effect; a China investment slump. • Upside risks: US consumers shrug off post-crisis blues, releasing pent-up demand; oil prices drop; euro tensions ease further. U.S. • Healthier labor market will continue supporting a revival of pent-up consumer demand in 2012. • Look for the FOMC to maintain its current policy for now, but to respond quickly if downside risks intensify. • Policymakers won’t act until after the election to avert the effects of severe fiscal tightening scheduled to begin in 2013. Europe • Look for the European Central Bank to cut the refinance rate to 0.50% in July with risks skewed towards less and later. • Assume the euro zone crisis will escalate and expect a new round of QE. Asia • Reconstruction is set to spur Japanese growth in the first half of 2012 even with slowing overseas economies. Source: Forbes 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/2012-05-21/17707-nomura-short-term-economic-outlook

"Key options expiring today"(2012-05-21) 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: $1.2700, $1.2780, $1.2800, $1.2900 and $1.3000; USD/JPY: 79.50, 79.75 and 80.00; GBP/USD: $1.5785, $1.5880 and $1.5900; EUR/GBP: 0.8000. Image from http://seoklass.ru 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/2012-05-21/17704-key-options-expiring-today

Happy Weekend from entire FBS team!!! 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!

"Barclays Capital: comments on AUD/USD"(2012-05-17) Barclays Capital: comments on AUD/USD According to analysts at Barclays Capital, a combination of global and domestic factors pulls AUD/USD below parity. However, in a short term the Aussie may enjoy a rally on the back of the postponed Greek elections and the softening tone of EU pro-austerity leaders. Specialists at Barclays Capital lowered their monthly forecast for AUD/USD from $1.0400 to $0.9600. They also cut their three-, six- and twelve-month forecasts to $0.9900, $1.0100 and $1.0200 respectively. Analysts believe the cross will get a yield-support after the middle of June. According to technical specialists, the pair may touch its 1.5-year lows in the $0.9385/0.9655 area in the medium term. The cross is still trading below the 50-,100- and 200-day MAs and below the daily Ichimoku Cloud. 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/2012-05-17/17674-barclays-capital-comments-audusd

"Analysts: outlook for EUR/USD"(2012-05-17) Analysts: outlook for EUR/USD The euro rebounded, paring a four-day decline against the dollar, as the currency’s 14-day relative strength index (RSI) fell to 22 yesterday, below the 30 level that some traders see as signaling an asset may reverse direction. Analysts at Bank of America are strongly bearish on EUR/USD in a long term, but expect a little upside correction these days. They recommend entering the trade at $1.2800 with a stop at $1.2870 and targeting at $1.2520. According to analysts, the pair may reach the target price in a week or two. Strategists at Danske Bank see EUR/USD at $1.2500 in one month time (forecast revised from $1.2900). In their view, the crisis dynamic is highly uncertain and a significant bigger move lower cannot be ruled out. According to CBA specialists, the euro will be falling gradually due to the time-expanded Greek issue: new elections will be held in a month, but there is no guarantee of a positive outcome. 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/2012-05-17/17668-analysts-outlook-eurusd

"Key options expiring today"(2012-05-17) 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: $1.2790, $1.2800, $1.2850, $1.2900, $1.3000; GBP/USD: $1.5850, $1.6100, $1.6200; EUR/GBP: $0.8085, $0.8060, $0.8085; USD/JPY: 79.50, 79.75; USD/CHF: 0.9350; AUD/USD: $1.0100. Image from http://pakcricforum.com Comment here http://www.fbs.com/analytics/2012-05-17/17667-key-options-expiring-today

Get your lost money back with FBS Breakeven Trading!!! >>FBS is the world’s first broker that offers its clients to get their lost money back!<< A civilized society hasn’t invented better way of protection than insurance. It guaranties compensation of any sudden losses. By this means, insurance is really necessary for everyone. There are many different types of insurance that exist to live a stress free life. So why don’t you reduce the risks and insure your trading? Terms and Conditions Now you have an opportunity to protect your deposit and focus only on making profit.You can insure from 10% to 100% of your deposit. In case your initial deposit is lost FBS will return insurance amount at once.* “FBS Breakeven Trading” details: http://www.fbs.com/breakeven *Only if insurance conditions are met. 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!

FBS withdrawal option!!! FBS Personal Area (my.fbs.com) is an easy and convenient way to deposit funds into your account and to make withdrawals. There is a wide range of deposit and withdrawal options: bank wire, credit and debit cards Visa/Mastercard, LibertyReserve, MoneyBookers, Webmoney, PerfectMoney. You can also make internal transfers between your accounts in your Personal Area. Minimal withdrawal amount Minimal withdrawal amount for bank wire is 50 USD. For all the other payment systems – 1 USD. Withdrawal processing terms Withdrawal requests are processed by FBS Financial Dept. during its opening hours 10 am – 6 pm CET (GMT+2), Mon-Fri. In case your withdrawal request is submitted after 6 pm, it will be processed the next day. Frequently Asked Questions How can I withdraw? How long does it take to withdraw? Is there a minimal withdrawal sum? 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!

May 16: economic background Wednesday, May 16, 2012 - 06:00 As many have feared, Greece political parties (New Democracy, PASOK, Democratic Left and SYRIZA) failed to form coalition government. Today Greek leaders will try to reach consensus on an interim government which will schedule new elections (around June10). French President Francois Hollande and German Chancellor Angela Merkel promised yesterday to pool efforts to promote economic growth in the region, although they are known for differences in views on how to overcome the European crisis (Merkel insists on austerity, while Hollande – on growth). Merkel seemed to tone down the austerity rhetoric that made her extremely unpopular these days. Moreover, leaders of the euro zone's two largest economies expressed their wish for Greece to stay in the single currency union. Risk aversion remains strong. EUR/USD tested the levels below $1.2700, commodity currencies opened in red. Yen weakened on poor machinery orders data. Asian stocks slumped by 2.3% (MSCI Asia Pacific Index). Kiwi is sold after disappointing dairy auction (important industry for New Zealand). To watch today: • Great Britain: A lot of important news for pound will be released. Claimant count payrolls in April may rise by 4.9K compared with 3.6K rise in March. The Governor of the Bank of England Mervyn King in his speech is expected to signal that interest rates will not rise from their record low until late 2013 at the earliest, as the UK's growth disappoints. The key inflation report may leave the door open to the possibility of more QE, either explicitly or by forecasting that inflation will probably fall below the 2% target within 2-3 years without a change in policy. According to analysts at Citi, such a forecast could prepare the ground for the MPC to resume QE (bond purchases) in coming months if activity data and the European monetary union crisis worsen, or if the inflation worries diminish. • U.S.: The release of the important housing market data is scheduled on Wednesday. According to forecasts, annualized number of building permits may post 0.73M in April after 0.75M in March. Number of housing starts is expected to have increased from 0.65M in March to 0.69M last month. Industrial production in April may have grown by 0.6% after remaining unchanged in March. FOMC Meeting Minutes probably won’t be a game changer, though the Fed’s Chairman Ben Bernanke said that day that he’s prepared to “do more” to boost the economic recovery and underlined that inflation remains close to target. • Euro zone: The speech of ECB President Draghi will be scrutinized by the investors, aiming to forecast the euro zone’s future. Germany holds a 10-year bond auction. 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/2012-05-16/17638-may-16-economic-background

"Euro zone avoided recession… for now"(2012-05-15) Euro zone avoided recession… for now Euro area managed to escape recession in Q1 with frat GDP reading (q/q), while the economists were looking forward to 0.2% contraction. Germany surprised analysts posting 0.5% q/q growth in Q1 – 5 times more than the market had expected. France showed flat results, while Italian economy contracted by 0.8% in the first 3 months of the year vs. projected decline of 0.7%. Even the Netherlands regarded as strong economy experienced economic contraction of 0.2%. Societe Generale: national GDP releases created the picture of an increasingly divergent euro area with the contrast between the northern and southern economies growing ever starker. Capital Economics: “The region remains heavily reliant on Germany. Policymakers’ talk of growth seems unlikely to amount to anything in the foreseeable future. The danger of a euro zone break-up is as great as ever.” ING Bank: “Our base case scenario is still for a gradual return to modestly positive euro zone growth in the second half of this year. But a further escalation of the debt crisis, let alone a Greek euro exit, could well derail the envisaged recovery.” IHS Global Insight: “There seems a compelling case for the European Central Bank to cut interest rates from the current level of 1%. But we suspect that the bank will remain reluctant to do so.” The European Commission expects euro zone’s GDP to decline by 0.3% in 2012 and then add 1% the next year.” Photo by EPA/BGNES Comment here http://www.fbs.com/analytics/2012-05-15/17637-euro-zone-avoided-recession-now

"RBS: recommendations for AUD/USD"(2012-05-15) RBS: recommendations for AUD/USD Technical analysts at RBS claim that AUD/USD recovered enough and now one may once again go short. In their view, the pair is capped by the 5-day MA which has been limiting the bulls since the beginning of this month. The banks recommends selling Australian dollar versus its US counterpart at the current levels targeting $0.9860 and then $0.9667 and stopping today at 1.0113 (10-day MA). According to the specialists, support levels are situated at $0.9860 (December 15 minimum), $0.9715 (2 minimums posted in 2011) and $0.9404. Resistance levels for AUD/USD lie at $1.0095, $1.0140, $1.0436 (the inverse head and shoulders pattern would trigger further upside from here) and $1.0496/1.0509. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-05-15/17630-rbs-recommendations-audusd

"GBP enjoys demand vs. EUR and USD"(2012-05-15) GBP enjoys demand vs. EUR and USD British pound steadily strengthens against the euro (12% growth since June 2011, new surge in April 2012) and the greenback (5.5% growth since January 2012). What are the reasons for the sterling’s strong performance versus its major peers? Pound’s status of a “safe haven” tends to attract investors on the back of a total economic and political instability in the euro zone. What is more, speculations about a further QE started to fade after the inflation exceeded the expectations (CPI in March reached 3.5% after previous print 3.4%; annual PPI output in April exceeded estimates of 2.9 % by coming in at 3.3%). According to the BoE governor King, the inflation is still too high. Moreover, the UK economy attracts foreign investors as the world’s the second largest market for M&A. According to most analysts, M&A inflows contribute to the sterling’s growth and increase the pounds prospects in a longer term. This year foreign investors have bought the biggest amount of the UK assets since 2008 ($32.6 billion-worth). However, a note from Deutsche Bank warns that the strong pound is already affecting on the poor UK economy which is in a recession itself. For now sterling's crearly appreciating, though it's attactive mainly due to the problems elsewhere. The situation may change quickly enough, so use it while it's still here. Chart. Daily EUR/GBP Comment here http://www.fbs.com/analytics/2012-05-15/17629-gbp-enjoys-demand-vs-eur-and-usd

"Sell EUR/USD on the recovery"(2012-05-15) Sell EUR/USD on the recovery The single currency recovered from almost a 4-month minimum in the $1.2810 area to the daily high at $1.2869. Germany surprised analysts posting 0.5% q/q growth in Q1 – 5 times more than the market had expected. As a result, the concerns about the euro zone’s crisis and its impact on the region’s economic growth have a bit subsided. Note that demand for US dollar is also lower due to the Fed’s April 25 meeting minutes release tomorrow – the Chairman Ben Bernanke said that day that he’s prepared to “do more” to boost the economic recovery and underlined that inflation remains close to target. The medium-term forecasts for euro are still quite negative. As a result, it looks like a chance to sell on rallies. We see that Italian GDP figures (-0.8% q/q vs. -0.7% expected) have already made EUR/USD pull back a little lower. Resistance for the pair is situated at $1.2870 (today’s highs) and $1.2935 (May 14 maximum), while support is at $1.2807 (January 17 maximum, $1.2733 (January 18 minimum) and $1.2700. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/2012-05-15/17627-sell-eurusd-recovery

"Key options expiring today"(2012-05-15) Key options expiring today Tuesday, May 15, 2012 - 07:15 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: $1.2750, $1.2800, $1.2850, 41.2925, $1.2950; GBP/USD: $1.6100; USD/JPY: 79.50, 79.55, 79.75, 80.00; AUD/USD: $1.0000 (large), $1.0150. Image from yourmoneydictionary.com 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/17622-key-options-expiring-today

May 15: economic background Tuesday, May 15, 2012 - 06:00 Asian session was surprisingly quite. The RBA released its last meeting minutes showing that last month 50 b.p. rate cut was caused by the easing growth and inflation. The stalemate in Greece persists: Alexis Tsipras, the head of Syriza party which opposes the bailout and austerity, wouldn’t attend a meeting called by President Karolos Papoulias today – no doubt, bad news for risk sentiment. Moody’s Investors Service downgraded 26 Italian banks including Unicredit SpA and Intesa Sanpaolo SpA citing weakened earnings and the country’s economic prospects. Yesterday euro area’s industrial production came in even worse than expected contracting by 0.3% in March. Now the markets prepare to hear about the region’s falling into official recession. The forecast is for the currency union’s GDP to contract by 0.2% in the first 3 months of the year (second quarter in a row). Spain and Italy are already suffering from recession. The release is at 9:00 a.m. GMT. France has already reported 0.0% (q/q) change in line with sonsensus forecast. German economy, however, exceeded expectation adding 0.5% (q/q) versus 0.1% estimate. Italian Q1 data (-0.7% previous, -0.6% forecast) is due in 2 hours. In the medium term, the majority of forecasts for euro are bearish. Also to watch today: In addition, watch German May ZEW Economic Sentiment and follow the news about ECOFIN Meetings. Newly elected French President Francois Hollande meets German Chancellor Angela Merkel in Berlin. According to German government, Hollande's visit is a "strong signal" regarding the determination of both countries to continue their strong relationship. Euro zone’s leaders are expected to discuss the development of the region's monetary and fiscal policy. As is known, they have contradictory views on austerity. US will release data for April. Economists look forward to a decline in American retail sales (both core and headline), while the CPI growth may slow down from 0.3% to 0.1%, though the core reading is seen unchanged. We will also get info on the demand for US debt: TIC Long-Term Purchases are expected to increase from 19.4B in February to 10.1B in March. 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/2012-05-15/17619-may-15-economic-background

May 15: economic background Tuesday, May 15, 2012 - 06:00 Asian session was surprisingly quite. The RBA released its last meeting minutes showing that last month 50 b.p. rate cut was caused by the easing growth and inflation. The stalemate in Greece persists: Alexis Tsipras, the head of Syriza party which opposes the bailout and austerity, wouldn’t attend a meeting called by President Karolos Papoulias today – no doubt, bad news for risk sentiment. Moody’s Investors Service downgraded 26 Italian banks including Unicredit SpA and Intesa Sanpaolo SpA citing weakened earnings and the country’s economic prospects. Yesterday euro area’s industrial production came in even worse than expected contracting by 0.3% in March. Now the markets prepare to hear about the region’s falling into official recession. The forecast is for the currency union’s GDP to contract by 0.2% in the first 3 months of the year (second quarter in a row). Spain and Italy are already suffering from recession. The release is at 9:00 a.m. GMT. France has already reported 0.0% (q/q) change in line with sonsensus forecast. German economy, however, exceeded expectation adding 0.5% (q/q) versus 0.1% estimate. Italian Q1 data (-0.7% previous, -0.6% forecast) is due in 2 hours. In the medium term, the majority of forecasts for euro are bearish. Also to watch today: In addition, watch German May ZEW Economic Sentiment and follow the news about ECOFIN Meetings. Newly elected French President Francois Hollande meets German Chancellor Angela Merkel in Berlin. According to German government, Hollande's visit is a "strong signal" regarding the determination of both countries to continue their strong relationship. Euro zone’s leaders are expected to discuss the development of the region's monetary and fiscal policy. As is known, they have contradictory views on austerity. US will release data for April. Economists look forward to a decline in American retail sales (both core and headline), while the CPI growth may slow down from 0.3% to 0.1%, though the core reading is seen unchanged. We will also get info on the demand for US debt: TIC Long-Term Purchases are expected to increase from 19.4B in February to 10.1B in March. 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/2012-05-15/17619-may-15-economic-background

FBS Deposit options!!! FBS Personal Area (my.fbs.com) is an easy and convenient way to deposit funds into your account and to make withdrawals. There is a wide range of deposit and withdrawal options: bank wire, credit and debit cards Visa/Mastercard, LibertyReserve, MoneyBookers, Webmoney, PerfectMoney. You can also make internal transfers between your accounts in your Personal Area. Minimal deposit amount For “Micro” account the minimal deposit is 5 USD. For “Standard” – 25 USD. For “Unlimited” – 1000 USD. Is my money safe? All FBS clients’ funds are kept in segregated bank accounts specifically designed to separate the clients’ funds from the company’s funds. FBS is a regulated financial body and is therefore a subject to annual audit. FBS is also obliged to maintain the strict international requirements for minimal own capital. Learn more about funds protection 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!

"RBS: bearish on EUR/GBP"(2012-05-14) RBS: bearish on EUR/GBP Analysts at RBS recommend selling the single currency versus British pound targeting 0.7695 (2010 minimum) in the longer term and stopping at 0.8110 (May 3-4 minimums). The specialists claim that support levels for EUR/GBP lie at 0.7999 (May 10-11 minimum) and 0.7695, while the resistance ones – at 0.8069, 0.8077 (lower border of the gap), 0.8096 (upper border of the gap), 0.8192 (April 19 maximum), 0.8222 (previous significant support) and 0.8500 (61.8% retracement from the pair’s advance after 2008 credit crunch). Chart. Daily EUR/GBP Comment here http://www.fbs.com/analytics/2012-05-14/17617-rbs-bearish-eurgbp

"Ichimoku. Weekly forecast. GBP/USD"(2012-05-14) Ichimoku. Weekly forecast. GBP/USD Weekly GBP/USD British currency opened the week on the upside versus the greenback after 2-week decline from 2012 maximum in the $1.6300 area. Pound was supported by the Turning line (1) which is still going up on the weekly chart and the upper border of the descending Ichimoku Cloud (3). The Standard line (2) is moving sideways and pointing at potential consolidation. Among the positive things one should note that the bearish Cloud has narrowed and may switch upwards in the near term reflecting stronger positions of the bulls. Now everything depends on the ability of the prices to hold above the Cloud. If they manage to do it, the consolidation between the current levels and this year’s highs will likely continue. If they don’t, sterling will ease down to Senkou Span A (4). The specialists think that on a broad scale we see consolidation of AUD/USD and recommend closely watching momentum and price action during the pair’s retracements up in order to find ideal entry levels and timings. Chart. Weekly GBP/USD Daily GBP/USD Pound’s currently testing support provided by Kijun-sen (1) ($1.6050). A bit lower, in the $1.6000 area, British currency will be able to count on the support line connecting the minimums of January 13, March 12 and April 16. In addition, the level mentioned above is very important from the psychological point of view. If this support is breached and the prices head towards Ichimoku Cloud, the downside risks will increase as Kumo is rather thin in that zone. At the same time, there’s a 38.2% Fibonacci retracement level of the advance made by pound this year ($1.5890), which will increase the chances of the prices’ recoiling up (making us expect the “head and shoulders” pattern to form). Although bullish Kumo has started narrowing, it’s too early to speak about the potential reversal of the trend downwards – watch 3 support levels mentioned above. The main resistance for sterling is provided by Tenkan-sen (2) which has recently turned down and was capping sterling during the whole last week. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/2012-05-14/17616-ishimoku-gbpusd-nedelya-14-18-marta

"When to return to AUD longs?"(2012-05-14) When to return to AUD longs? Australian dollar has been rapidly falling against the greenback since the beginning of the month. Today AUD/USD hit 0.9963, the minimal level since December 2011. Analysts at ANZ claim that the attempts of the bulls to push Aussie up versus its US counterpart will be limited by resistance in the $1.0080/1.0110 zone. In their view, the downside risks for the pair will subside only if it overcomes $1.0225. If it happens, one may try returning to AUD longs. The specialists think that on a broad scale we see consolidation of AUD/USD and recommend closely watching momentum and price action during the pair’s retracements up in order to find ideal entry levels and timings. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/1970-01-01/17613-when-return-aud-longs

"Danske, Westpac, UBS: bearish on EUR"(2012-05-14) Danske, Westpac, UBS: bearish on EUR Danske Bank: sell EUR/USD at $1.3024 targeting $1.2802 and stopping at $1.3014. Westpac: sell EUR/USD in the $1.3000 area targeting $1.2700. UBS: EUR/USD will be trade around $1.3000 in June and then decline to $1.2500 during the next 3 month. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/2012-05-14/17609-danske-westpac-ubs-bearish-eur

CFTC traders positioning data Monday, May 14, 2012 - 08:00 The latest Commitments of Traders (COT) report for the week to May 8, released on Friday by the Commodity Futures Trading Commission (CFTC), showed that: • The net long US dollar position rose by 62% to $20.5 billion. • The net short euro position increased by 32% to 143.9K contracts ($23.4 billion, the most since February). • The net short yen position decreased by 18% to 41K contracts ($6.4 billion). • The net short pound position rose by 50% to $6 billion. • The net short Swiss franc position was increased by 13% to 16K contracts ($2.2 billion). In addition, speculators continue to think the Canadian, Australian, and New Zealand dollars will appreciate against the greenback, though the bets were slashed. Investors lost confidence mostly in Aussie: longs fell by 53% from the previous week to $2.5 billion. 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. Image from etftrends.com 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/2012-05-14/17607-cftc-trader-positioning-data

May 14-18: Events to watch Monday, May 14, 2012 - 07:45 Tuesday, May 15 • Australia: Monetary Policy Meeting Minutes. After the positive jobs report released this week, the central’s bank rate cut in June is no longer that evident, although with disappointing Chinese data (remember: main trading partner) Australian authorities may feel the need for stimulus all the same. • Euro zone: there’s a number of Q1 preliminary GDP releases: French (0.2% previous, 0.0% forecast), German (-0.2% previous, 0.1% forecast), Italian (-0.7% previous, -0.6% forecast). The region is expected to enter an official recession contracting by 0.2% in the first 3 months of the year (second quarter in a row), while Spain and Italy are already there. German figures are especially important: if the leading euro area’s economy disappoints, this will hit an already feeble sentiment sending US dollar and Japanese yen up versus their peers as safe havens. In addition, watch German May ZEW Economic Sentiment and follow the news about ECOFIN Meetings. Newly elected French President Francois Hollande meets German Chancellor Angela Merkel in Berlin. According to German government, Hollande's visit is a "strong signal" regarding the determination of both countries to continue their strong relationship. Euro zone’s leaders are expected to discuss the development of the region's monetary and fiscal policy. As is known, they have contradictory views on austerity. • US: data for April. Economists look forward to a decline in American retail sales (both core and headline), while the CPI growth may slow down from 0.3% to 0.1%, though the core reading is seen unchanged. We will also get info on the demand for US debt: TIC Long-Term Purchases are expected to increase from 19.4B in February to 10.1B in March. Wednesday, May 16 • Great Britain: A lot of important news for pound will be released. Claimant count in April may rise by 4.9K compared with 3.6K rise in March. The Governor of the Bank of England Mervyn King in his speech is expected to signal that interest rates will not rise from their record low until late 2013 at the earliest, as the UK's growth disappoints. Inflation report may leave the door open to the possibility of more QE, either explicitly or by forecasting that inflation will probably fall below the 2% target within 2-3 years without a change in policy. According to analysts at Citi, such a forecast could prepare the ground for the MPC to resume QE (bond purchases) in coming months if activity data and the European monetary union crisis worsen, or if the inflation worries diminish. • U.S.: The release of the important housing market data is scheduled on Wednesday. According to forecasts, annualized number of building permits in April may to grow by 0.73M after a 0.75M growth in March. Number of housing starts in April is expected to increase by 0.69M against 0.65M in March. Industrial production in April may grow by 0.6% after remaining unchanged in March. FOMC Meeting Minutes are not expected to give any hints on policy easing - during the last meeting in April Bernanke stated in his press conference that "all the options are on the table", but the chances seem to fade away. • Euro zone: The speech of ECB President Draghi will be scrutinized by the investors, aiming to forecast the euro zone’s future. Germany holds a 10-year bond auction. Thursday, May 17 • Euro zone: Banks in France, Germany and Switzerland will be closed because of the national holidays. Spain holds a 10-year bond auction. • New Zealand: Producer price index in Q1 may remain unchanged after a 0.5% growth in Q4. • Australia: Inflation expectations data will be published. • Japan: Preliminary GDP growth in Q1 may reach 0.9% after a 0.2% contraction in Q4. • US: The number of unemployment claims fixed last week may grow by 370K vs. the previous print 367K. Later on Thursday Philly Fed Manufacturing Index will be released: in May is forecasted to grow to 10.6. Philadelphia region manufacturers' index declined more than expected in April reaching 8.5 from 12.5 in March, demonstrating the biggest drop in six months. However, most analysts believe improved consumer spending will provide further growth to the manufacturing sector. Friday, May 18 • Great Britain: 10-year bond auction will be held. • Canada: Core CPI growth in April is expected to remain unchanged at 0.3%. CPI may grow by 0.3% after a 0.4% growth in March. • All: US President Barack Obama will host a two-day G8 Meetings at Camp David. The Group of Eight (G8) is a forum, where the eight of the world's most industrialized nations meet to discuss key topics and provide solutions for global issues. The G8 includes Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States. May 14: today's economic focus Monday, May 14, 2012 - 06:00 News, influencing the markets on Monday, is contradictory. Euro still remains under pressure due to uncertainty, coming from Greece. On Monday Greece’s President Karolos Papoulias meets the political party leaders in a final attempt to form an emergency coalition. However, no one already believes in the success of the discussions. These days Greece’s prospects are negative: either the default or exit from the euro zone. China has cut its reserve ratios (RRR) by 50 bps over the weekend, adding stimulus to support the economy. That was the third reduction in six months. According to Reuters poll, the market consensus is for 100 bps of more RRR cuts this year. High-yield currencies benefit from the RRR cut. Asian shared opened this week in red after losing 4.4% last week (MSCI Asia Pacific Index). AUD/USD tested today the levels below parity on weak risk sentiment, though managed to hold above 1.0000 helped by the news about China’s RRR cut and the fact that the nation’s home approvals unexpectedly rebounded in March. Data to watch today: • Euro zone: industrial production: no surprise that a decline in growth is expected in March. • Italy: 10-year bond auction (previous: 5.84|1.5). • Europe’s finance ministers meet in Brussels in the evening: Greece may be on the agenda. • Switzerland: SNB Chairman Jordan Speaks. Last month Jordan reaffirmed his commitment to the EUR/CHF threshold at 1.20, saying the franc is overvalued and that he expects it to weaken. 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/2012-05-14/17606-may-14-18-events-watch

May 14-18: Events to watch Monday, May 14, 2012 - 07:45 Tuesday, May 15 • Australia: Monetary Policy Meeting Minutes. After the positive jobs report released this week, the central’s bank rate cut in June is no longer that evident, although with disappointing Chinese data (remember: main trading partner) Australian authorities may feel the need for stimulus all the same. • Euro zone: there’s a number of Q1 preliminary GDP releases: French (0.2% previous, 0.0% forecast), German (-0.2% previous, 0.1% forecast), Italian (-0.7% previous, -0.6% forecast). The region is expected to enter an official recession contracting by 0.2% in the first 3 months of the year (second quarter in a row), while Spain and Italy are already there. German figures are especially important: if the leading euro area’s economy disappoints, this will hit an already feeble sentiment sending US dollar and Japanese yen up versus their peers as safe havens. In addition, watch German May ZEW Economic Sentiment and follow the news about ECOFIN Meetings. Newly elected French President Francois Hollande meets German Chancellor Angela Merkel in Berlin. According to German government, Hollande's visit is a "strong signal" regarding the determination of both countries to continue their strong relationship. Euro zone’s leaders are expected to discuss the development of the region's monetary and fiscal policy. As is known, they have contradictory views on austerity. • US: data for April. Economists look forward to a decline in American retail sales (both core and headline), while the CPI growth may slow down from 0.3% to 0.1%, though the core reading is seen unchanged. We will also get info on the demand for US debt: TIC Long-Term Purchases are expected to increase from 19.4B in February to 10.1B in March. Wednesday, May 16 • Great Britain: A lot of important news for pound will be released. Claimant count in April may rise by 4.9K compared with 3.6K rise in March. The Governor of the Bank of England Mervyn King in his speech is expected to signal that interest rates will not rise from their record low until late 2013 at the earliest, as the UK's growth disappoints. Inflation report may leave the door open to the possibility of more QE, either explicitly or by forecasting that inflation will probably fall below the 2% target within 2-3 years without a change in policy. According to analysts at Citi, such a forecast could prepare the ground for the MPC to resume QE (bond purchases) in coming months if activity data and the European monetary union crisis worsen, or if the inflation worries diminish. • U.S.: The release of the important housing market data is scheduled on Wednesday. According to forecasts, annualized number of building permits in April may to grow by 0.73M after a 0.75M growth in March. Number of housing starts in April is expected to increase by 0.69M against 0.65M in March. Industrial production in April may grow by 0.6% after remaining unchanged in March. FOMC Meeting Minutes are not expected to give any hints on policy easing - during the last meeting in April Bernanke stated in his press conference that "all the options are on the table", but the chances seem to fade away. • Euro zone: The speech of ECB President Draghi will be scrutinized by the investors, aiming to forecast the euro zone’s future. Germany holds a 10-year bond auction. Thursday, May 17 • Euro zone: Banks in France, Germany and Switzerland will be closed because of the national holidays. Spain holds a 10-year bond auction. • New Zealand: Producer price index in Q1 may remain unchanged after a 0.5% growth in Q4. • Australia: Inflation expectations data will be published. • Japan: Preliminary GDP growth in Q1 may reach 0.9% after a 0.2% contraction in Q4. • US: The number of unemployment claims fixed last week may grow by 370K vs. the previous print 367K. Later on Thursday Philly Fed Manufacturing Index will be released: in May is forecasted to grow to 10.6. Philadelphia region manufacturers' index declined more than expected in April reaching 8.5 from 12.5 in March, demonstrating the biggest drop in six months. However, most analysts believe improved consumer spending will provide further growth to the manufacturing sector. Friday, May 18 • Great Britain: 10-year bond auction will be held. • Canada: Core CPI growth in April is expected to remain unchanged at 0.3%. CPI may grow by 0.3% after a 0.4% growth in March. • All: US President Barack Obama will host a two-day G8 Meetings at Camp David. The Group of Eight (G8) is a forum, where the eight of the world's most industrialized nations meet to discuss key topics and provide solutions for global issues. The G8 includes Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States. May 14: today's economic focus Monday, May 14, 2012 - 06:00 News, influencing the markets on Monday, is contradictory. Euro still remains under pressure due to uncertainty, coming from Greece. On Monday Greece’s President Karolos Papoulias meets the political party leaders in a final attempt to form an emergency coalition. However, no one already believes in the success of the discussions. These days Greece’s prospects are negative: either the default or exit from the euro zone. China has cut its reserve ratios (RRR) by 50 bps over the weekend, adding stimulus to support the economy. That was the third reduction in six months. According to Reuters poll, the market consensus is for 100 bps of more RRR cuts this year. High-yield currencies benefit from the RRR cut. Asian shared opened this week in red after losing 4.4% last week (MSCI Asia Pacific Index). AUD/USD tested today the levels below parity on weak risk sentiment, though managed to hold above 1.0000 helped by the news about China’s RRR cut and the fact that the nation’s home approvals unexpectedly rebounded in March. Data to watch today: • Euro zone: industrial production: no surprise that a decline in growth is expected in March. • Italy: 10-year bond auction (previous: 5.84|1.5). • Europe’s finance ministers meet in Brussels in the evening: Greece may be on the agenda. • Switzerland: SNB Chairman Jordan Speaks. Last month Jordan reaffirmed his commitment to the EUR/CHF threshold at 1.20, saying the franc is overvalued and that he expects it to weaken. 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/2012-05-14/17606-may-14-18-events-watch

Current update of FBS 999 Demo Contest(Tuesday, May 14, 2012)!!! Dear traders! Current update of your favorite marvelous FBS 999 Demo Contest. Top three contestants details are below. The whole month of exciting trading is waiting for our participants and we will follow the competition. >>Current Top 3 Positions<< Account#269 ​​348 Position: 1st Country: China Balance: 98025.42 USD Account#268 515 Position: 2nd Country: Ukraine Balance: 87737.87 USD Account#268 448 Position: 3rd Country: Ukraine Balance: 84899.40 USD Check other contestants ranking Go to the scoreboard: http://www.fbs.com/999-demo-contest/participants?type=cur FBS wishes all the participants good luck! The contest will take place during 01.05.12 - 01.06.12 Contestants ranking: http://www.fbs.com/999-demo-contest/participants?type=cur Contest details: http://www.fbs.com/999-demo-contest 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!