internationallove

May 11: today's economic focus Friday, May 11, 2012 - 06:45 Risk aversion continues to dominate markets on Friday, weighing on the high-yield currencies. Data released in China confirms that the economy may extend losing streak. Industrial production in April rose by 9.3% compared with March's 11.9%, sharply underperforming expectations. Retail sales also underperformed forecasts for an annual growth of 15.2%, rising instead by 14.2% in April from a year earlier. China’s CPI slowed down from 3.6% in March to 3.4% in April. Now the nation has more scope for monetary easing. According to Reuters poll, the market consensus is for 150 bps of more RRR cuts this year. Nomura analysts claim that the policy focus will remain on promoting growth to support the economy. Risk sentiment was hurt during US session as JP Morgan announced $2-billion losses in credit derivatives trades. UK Nationwide consumer confidence fell from 52 in March to 44 in April. Later today watch British PPI Input data (decline’s expected), Canada’s labor market figures (forecast: lower increase of payrolls, higher unemployment rate) and US PPI and consumer sentiment (consult FBS economic calendar). Also note that there will be an Italian BOT auction around 9 a.m. GMT. 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/2012-05-11/17589-may-11-todays-economic-focus

Trading without losses with FBS!!! 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? 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!

"Will good jobs data keep RBA from cutting?"(2012-05-10) Will good jobs data keep RBA from cutting? The Australian dollar strengthens on the back of the unexpectedly positive employment data released on Thursday. The unemployment rate fell to 4.9% in April compared with 5.3% forecast and 5.2% in March. Australia’s economy surprisingly added 15K new jobs this month against a 4.8K decline forecasted and a 37.6K decline in March. Payrolls rose mostly due to the part time work, which added 26K jobs to payroll, while the full time employment declined by 10.5K. However, many analysts still expect the Reserve bank of Australia (RBA) to cut rates by 25 b.p. on its next meeting in June in order to stimulate economic growth. ANZ Banking and Westpac think that risk aversion together with loose fiscal and monetary policy will put Aussie under pressure. Societe Generale, on the other hand, claims that today’s positive employment figures change the game. According to the specialists, rate cut in June is not likely, so close to the recent 50 b.p. reduction; the next cut is expected in August. Employment figures show a large deviation from expectations, but the full-time employment still continues to decline. The April employment gain, therefore, will generate less additional household income than if it had come from full-time employment. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-05-10/17587-will-good-jobs-data-keep-rba-cutting

"BOTMUFJ: comments on AUD/JPY"(2012-05-10) BOTMUFJ: comments on AUD/JPY Technical analysts at Bank of Tokyo-Mitsubishi UFJ believe that there’s a chance of Australian dollar to start gaining versus Japanese yen. Yesterday AUD/JPY hit 3 1/2-month minimum at 72.06, but today it returned above key support levels at 80.35 (50% Fibonacci retracement of the pair’s advance from October minimum to March maximum) and 80 yen (psychological level). The specialists think that if the bulls manage to hold the rate above these levels, the pair will get chance to strengthen to 84 yen (90-day MA). Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-05-10/17585-botmufj-comments-audjpy

"2 ways of trading GBP/USD"(2012-05-10) 2 ways of trading GBP/USD Danske Bank: sell GBP/USD at $1.6155 targeting $1.6055 and stopping at $1.6208. Commerzbank: try small longs at $1.6085 targeting $1.6300 with tight stops at $1.6065/50. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/2012-05-10/17583-2-ways-trading-gbpusd

"Barclays: bearish on EUR/GBP(2012-05-10) Barclays: bearish on EUR/GBP Analysts at Barclays are bearish on the single currency versus British pound. This week euro hit the minimal levels versus sterling since 2008. In their view, EUR/GBP will weaken to firstly to 0.7960 and then to 0.7700 (October 2008 minimum) and 0.7300 in the medium and long terms. According to the bank, the pair’s prospects will remain negative as long as it's trading below 0.8075/0.8100.· It would take a long time to overcome the crisis. Germany keeps favoring austerity measures in the euro area, but will anyone follow its lead now when Merkel’s main ally – France – no longer supports such approach? Chart. Weekly EUR/GBP Comment here http://www.fbs.com/analytics/2012-05-10/17581-barclays-bearish-eurgbp

"Merkel’s firm on austerity plans(2012-05-10) Merkel’s firm on austerity plans In her speech to Bundestag today German Chancellor Angela Merkel said that: · Europe's only hope is to implement structural reforms alongside austerity measures. · Economic growth may be reached through structural reforms. The calls for growth through debt would throw the region back to the beginning of the crisis. · It would take a long time to overcome the crisis. Germany keeps favoring austerity measures in the euro area, but will anyone follow its lead now when Merkel’s main ally – France – no longer supports such approach? Image from debatepolitics.com Comment here http://www.fbs.com/analytics/1970-01-01/17580-merkels-firm-austerity-plans

"Bloomberg Poll: hard times for Europe ahead"(2012-05-10) Bloomberg Poll: hard times for Europe ahead The market is always about sentiment. During the last 2 years we have been continually discussing the possibility of disintegration in Europe. More than half of the experts surveyed by Bloomberg think that the 17-member currency union will once again become 16-memer one and that this will happen in 2012. According to Bloomberg Global Poll, 57% out of the 1,253 investors believe that Greece will quit euro zone this year. In addition, 80% of respondents foresee more stress for the European bond markets. Note that 47% of interviewed expect Spanish default, 63% – the one of Portugal and about 25% – the one of Italy or Ireland. As for Greece, 94% of investors said it will default on its debt. The nation has already restructured its debt to private bondholders. The survey was conducted on May 8. Lloyds Banking: “Another flare-up of the crisis is likely. The key variable for Europe is domestic politics.” Photo by Bloomberg Comment here http://www.fbs.com/analytics/2012-05-10/17579-bloomberg-poll-hard-times-europe-ahead

"EUR/USD: technical comments from Commerzbank"(2012-05-10) EUR/USD: technical comments from Commerzbank Analysts at Commerzbank claim that there is considerable divergence on H4 chart, so they expect a corrective rebound today. Chart. H4 EUR/USD At the same time the situation on the daily chart remains negative. Commerzbank targets $1.2624 (January minimum) with support at $1.2809 (January 17 maximum). Rebound will become possible if EUR/USD overcomes resistance at $1.3080 (May 4 minimum) and $1.3233/50 (late April/ early May highs area). Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/2012-05-10/17575-key-options-expiring-today

"Key options expiring today"(2012-05-10) 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: $1.3000, $1.3085, $1.3100, $1.3130 and $1.3150; USD/JPY: 79.05,80,00 and 80.25, 81.00; EUR/JPY: 106.35; GBP/USD: $1.6060, $1.6300; AUD/USD $1.0000, $1.0195, $1.0200; AUD/JPY: 83.00. Have a profitable trading day! Image from http://idenull.blogspot.com Comment here http://www.fbs.com/analytics/2012-05-10/17575-key-options-expiring-today

"Analysts: BoE may extend QE program"(2012-05-09) Analysts: BoE may extend QE program On Thursday, May 10, the Bank of England holds its monthly meeting. Some analysts expect the regulator to extend its asset purchase program tomorrow. According to the BoE governor Mervyn King, the inflation in the U.K. is too high and the nation's economic recovery too slow. The annual rate of inflation, which was 3.5% in March, remains well above the BOE's 2% target. Mervyn King said last week that the current crisis is far from over. Investec: In conditions of sticky inflation versus stuck economy the BoE may add another £25bn to its £325bn program of QE on its Thursday meeting. The committee will worry more about low growth than an inflation rate that is taking longer to come down than it predicted. Capital Economics: The BoE may add £25bn to its asset purchase program in autumn. Commerzbank: The BoE may adopt the wait-and-see approach: despite the fact that in a longer term the QE extension is possible, now we expect the bank to leave the room for maneuver in case if the markets require support. Photo: Daniel Jones Comment here http://www.fbs.com/analytics/2012-05-09/17566-analysts-boe-may-extend-qe-program

"Deutsche Bank: outlook for USD/JPY "(2012-05-09) Deutsche Bank: outlook for USD/JPY The yen strengthens against the greenback this week as the Japanese currency benefits from its “safe haven” status. Analysts at Deutsche Bank, however, recently revised their forecast for USD/JPY to bullish after being bearish since 2008. They now expect the pair to rise to 82 yen by the end of 2012, compared with previous forecast 75 yen. In their view, USD/JPY may strengthen in a short term, but the trend is descending. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/2012-05-09/17...-outlook-usdjpy

"Taylor: Greece will abandon euro in June"(2012-05-09) Taylor: Greece will abandon euro in June The resent changes on European political landscape made some analysts come up with more radical forecasts of euro’s future than they used to have before. For example, John Taylor, the head of the world’s largest currency hedge fund FX Concepts, now thinks that Greece may leave the euro area already in June. The specialist warns that the nation’s government will soon have no more cash, while European institutions won’t be able to give it more money due to the emerging political split between France and Germany. Greece itself is in the situation of uncertainty: if the policymakers fail to form a governing coalition, there will be other Parliament elections in the middle of the next month. “I think that people are feeling the implications of a Greek exit aren’t so bad. If Greece leaves the euro, Europeans will turn around and huddle together and say, ‘how do I help Portugal and Spain?” Taylor says. Image from blogs.telegraph.co.uk Comment here http://www.fbs.com/analytics/2012-05-09/17...andon-euro-june

"CharmerCharts: trading GBP/USD "(2012-05-08) CharmerCharts: trading GBP/USD The sterling continued weakening against the greenback on Tuesday after yesterday's growth. Bank holiday in UK on Monday hindered the reaction of the pound on the results of French and Greek elections. Analysts at CharmerCharts see the target dor the cable at 1.6110/085 levels. They believe the break below 1.6065 may cause another wave of selling pressure which should drive the price lower for 1.6005 to 1.5990. Resistance for GBP/USD lies at 1.6180, 1.6200 and 1.6245. On the downside, supports might act at 1.6135 and 1.6115. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/2012-05-08/17557-charmercharts-trading-gbpusd

"BBH: outlook for AUD/USD "(2012-05-08) BBH: outlook for AUD/USD The Aussie weakens against the greenback on Tusday after weak trade data report. Trade deficit in March reached 1.59B vs.1.38B deficit forecasted and 0.75B deficit in February. The Australian Government, however, remains forecasting a return to surplus by 2012/13, as promised last year. According to analysts, tight fiscal policy and eased monetary policy will continue pushing the AUD/USD pair down. Strong resistance for the pair lies at 1.0220 level. In a longer-term analysts expect the pair to fall to 0.9860. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-05-08/17559-bbh-outlook-audusd

"BBH: outlook for AUD/USD "(2012-05-08) BBH: outlook for AUD/USD The Aussie weakens against the greenback on Tusday after weak trade data report. Trade deficit in March reached 1.59B vs.1.38B deficit forecasted and 0.75B deficit in February. The Australian Government, however, remains forecasting a return to surplus by 2012/13, as promised last year. According to analysts, tight fiscal policy and eased monetary policy will continue pushing the AUD/USD pair down. Strong resistance for the pair lies at 1.0220 level. In a longer-term analysts expect the pair to fall to 0.9860. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-05-08/17559-bbh-outlook-audusd

Getting on-line news in MetaTrader!!! Dear traders! Now you have an opportunity to get main financial news right in your trading platform FBS Trader 4. After choosing “News” section you will find the list of overviews of the global currency markets in real time. This new function will let you keep updated with the latest market news without taking your eyes off the trading. Have a profitable trading with FBS! FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) Stay connected with FBS because its all about you!

"UBS: outlook for the US dollar"(2012-05-07) UBS: outlook for the US dollar Monday, May 7, 2012 - 13:00 Last week the US Dollar Index increased from 78.60 on Monday to 79.60 on Friday. According to analysts at UBS, the greenback was supported by the worrisome data coming from Europe and by the low likeliness of new round of QE in US. According to analysts, poor Friday’s NFP were offset by an improvement in other key indicators. Specialists at UBS continue to believe in the greenback as they do not expect the US economy to slow down sufficiently to allow the Fed’s doves to push for additional asset purchases. Chart. US Dollar Index Source: Bloomberg Comment here http://www.fbs.com/analytics/2012-05-07/17555-ubs-outlook-us-dollar

"Analysts: outlook for AUD/USD"(2012-05-07) Analysts: outlook for AUD/USD Monday, May 7, 2012 - 10:30 The Australian dollar opened the week on a downside amid concern election results in France and Greece will deepen the euro zone’s crisis. However, throughout the day positive news from Australia improved the market sentiment. FX Prime: There are major concerns about the euro. What’s common to both Greek and French voting is that people aren’t feeling good about austerity measures, which are the crux to a resolution of Europe’s debt problems. Europe’s economic and political mayhem is may influence the economies, regarded as safe havens: policymakers may cut interest rates to weaken the currencies. Societe Generale: In a weakening global environment, countries that can cut rates will do so and their currencies can fall. Europe is an economy with a currency that isn’t expensive, with not much scope or appetite for cuts. Westpac Banking: We’ve got what may well prove to be the next wave of instability from Europe. There’s a clear voter rejection of austerity evident. We’d expect the Aussie and the kiwi to remain under pressure. Australia’s retail sales grew by 0.9% in March after a revised 0.3% gain in February. Number of new building approvals increased by 7.4% after an 8.8% decline in February, pointing that the housing market improved in March. Standard Chartered: The data was actually very strong, so it’s more like it’s putting a floor on the Aussie weakness that we’re seeing. It’s difficult to see the Aussie bouncing in this environment where risk sentiment is pretty weak. The AUD/USD pair is currently trading in the 1.0180 area. Analysts at ANZ expect the Aussie to trade at $1.07 by December versus the greenback. According to Bloomberg forecast, the currency will end 2012 at $1.04. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/2012-05-07/17552-analysts-outlook-audusd

"JP Morgan: trading EUR/JPY"(2012-05-07) JP Morgan: trading EUR/JPY Monday, May 7, 2012 - 09:00 Analysts at J.P. Morgan Asset Management recommend selling EUR/JPY at current levels, setting a stop at 106.00 and a target of 102.50. According to specialists, the Hollande’s victory was already priced in, while Greece will weigh on the euro. They underline that the market is unstable: any comments from Hollande after the election or something later in the week may influence the pair. Chart. Daily EUR/JPY Comment here http://www.fbs.com/analytics/2012-05-07/17550-jp-morgan-trading-eurjpy

"Euro slides on political uncertainty"(2012-05-07) Euro slides on political uncertainty Monday, May 7, 2012 - 07:45 The common currency fell to a three-month low after France and Greece voted against pro-austerity politicians on Sunday. As expected, Francois Hollande got 51.7% of the vote in the French presidential election held on Sunday against about 48.3% given for incumbent Nicolas Sarkozy. According to analysts, his victory may be interpreted more as an outcry against the austerity policy, pursued by Sarkozy, than the support of Hollande's own program. Societe Generale: Mr. Hollande’s victory was largely expected, but it does act as a trigger to increase demand for the dollar. Parliamentary elections in Greece increase bearish pressure on the euro: the debt crisis shaved the popularity of two main parties, attempting to eliminate budget deficit and to collaborate with EU. Centre-right New Democracy led with 19%, down from 33.5% in 2009. Left-wing coalition Syriza came surprisingly in second place with 16.7%, while centre-left PASOK stood in third place with 13.3%, down from 43.9% in the last elections. UBS: If Greece chooses to resolve the crisis on its own, the EU may refuse credence and financial aid. FX Prime: There are major concerns about the euro. What’s common to both Greek and French voting is that people aren’t feeling good about austerity measures, which are the crux to a resolution of Europe’s debt problems. EUR/USD dropped to $1.2954 early Sunday, but then bounced back to $1.3010. However, the key $1.3000 support, the lower bound of a side channel (exists since January), was broken. Analysts at Nomura Holdings expect the pair to consolidate in the $1.26-1.28 area within a few weeks. Chart. Daily EUR/USD[/url] Comment here http://www.fbs.com/analytics/17547-euro-slides-political-uncertainty

Current update of FBS 999 Demo Contest(Tuesday, May 7, 2012)!!! Dear traders! Current update of your favorite fabulous 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#268491 Position: 1st Country: Ukraine Balance: 55772.66 USD Account#264964 Position: 2nd Country: Italy Balance: 50433.85 USD Account#268515 Position: 3rd Country: Ukraine Balance: 43701.19 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!

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 % 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!

"Predict NFP”: contest results(Friday, May 4, 2012 - 17:45)!!! “Predict NFP”: contest results Friday, May 4, 2012 - 17:45 According to Bureau of Labor Statistics, U.S. Department of Labor data Nonfarm Payrolls indicator for January is 115K. Maory Aryani’s guess is the closest one. The contestant gets an exclusive T-shirt from FBS. Congratulations to the winner. Kind regards, FBS FBS wishes you Finance,Freedom and Success in trading! (Best mini Forex Broker of 2010 - 2011) Stay connected with FBS because its all about you!

"GBP/USD down throughout the week"(2012-05-04) GBP/USD down throughout the week Friday, May 4, 2012 - 10:30 The British pound declined 0.6% against the dollar this week after a five-day downward movement. The decline followed by two weeks of steady growth. This week a bunch of negative data was released in Britain. The Halifax house price index in April dropped 2.4%, demonstrating the largest monthly decline since September 2010 (vs. forecasted 0.4% decline and a 2.2% growth in March). Manufacturing and services PMI declined in April, but still indicate the industry expansion (50.5 and 53.3 respectively), while construction PMI edged up to 55.8. According to analysts at Charmer Charts, GBP/USD still remains under pressure with $1.6140 as a nearby objective.The upward correction is contained by $1.6220. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/2012-05-04/17538-gbpusd-down-throughout-week