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"NAB: market awaits NFP data"(2011-11-04) The market’s looking forward to get another confirmation of the coming QE3: many traders expect that US jobs growth slowed in October, while the unemployment rate remained high at 9.1%. Economists surveyed by Bloomberg project Non-Farm Payrolls to increase last month by 95K after adding 103K in September. Analysts at National Australia Bank claim that even if the NFP reading beats economists’ forecasts but the unemployment rate stays unchanged, traders will see this as a reason for additional monetary stimulus and this will weight on the greenback. Analysts at Bank of Tokyo-Mitsubishi UFJ point out that for unemployment to decline by half a percentage point over a year US employers have to hire about 150K workers a month. According to the labor statistics, by the beginning of October American economy had recovered about 2.09 million of the 8.75 million jobs lost as a result of the 18-month recession that ended in June 2009. The NFP figures and the jobless rate are released today at 12:30 GMT. Comment here http://www.fbs.com/analytics/news_markets/view/9024

"Greece: the referendum story"(2011-11-04) Everything about the euro area and Greece in particular seems to change with great speed. At the beginning of the week the markets were shaken by Greek Prime Minister George Papandreou’s unexpected announcement of the referendum on the bailout package. The EU policymakers’ reaction was abrupt as they froze credit payments to Greece and raised the question of the nation’s membership in the monetary union. Then Greek opposition expressed readiness to compromise, Papandreou backed away with the referendum idea and investors’ concerns ease. The head of Greek government has no intention to step down. Now Greek authorities discuss the prospects if setting up a transitional government with the participation of the opposition to make sure Greece will get aid payment. The analysts in Deutsche Bank caught the point claiming that trading EUR/USD has become so volatile that it has become too risky to open significant positions for longer than 5 minutes. The pair EUR/USD rose from 3-week minimum in the $1.3600 area to the levels above $1.3800. Strategists at Westpac say that the single currency has no strength for the sustainable rally but there is some relief as the threat of referendum that would very likely bring “no”-result has been removed. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/9022

"UBS: technical levels for the major pairs"(2011-11-04) EUR/USD: the major support is found at $1.3567. If the single currency breaks below this level it will fall to $1.3406. Resistance is situated at $1.3871 and then at $1.4003. GBP/USD: resistance lies at $1.6097. If the pair overcomes this level it will be poised up to $1.6167. Support is at $1.5825. USD/JPY: resistance is seen at 78.42 and 78.98 yen and support – at 77.43 and 76.94 yen. USD/CHF: support is situated at 0.8718 and 0.8568 (October 27 minimum). Resistance is found at 0.8960. Chart. Daily EUR/USD Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/9020

"ECB lowered the benchmark rate"(2011-11-03) The European Central Bank decided to cut its benchmark interest rate at President Mario Draghi's first policy meeting in charge by 25 basis points to 1.25% after it had twice increased it – in April and July. Such move was unexpected by the majority of the economists as inflation in the euro area showed the reading of 3.0% in October for the second month in a row, while the central bank’s target lies just below 2%. According to Dragi, the main reason for the cut is the deterioration of the euro zone’s economic data. The ECB President underlined that growth slowdown will cool inflation perspectives. In his view, at the end of the year the monetary union will face mild recession. Currency strategists at Bank of Tokyo Mitsubishi UFJ think that ECB’s decision to ease its monetary policy will increase the pressure on the single currency and the demand for euro will keep declining. In their view, European borrowing costs will be lowered to 1% during the next few months. The pair EUR/USD traded today in quite volatile manner: by the middle of the day it reached high at $1.3834 and then returned to the day’s minimum in the $1.3660 area before another bounce to the day’s maximums. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/9018

<p> </p> <div></div> <div> </div> <div> "UBS: what if Greece has to quit euro?"(2011-11-03)</div> <div> </div> <div> </div> <div> </div> <div> </div> <div> </div> <div> </div> <div> </div> <div> </div> <div>Analysts at UBS tried to estimate the potential consequences Greece will face in case it has to leave the euro area. </div> <div> </div> <div>On the one hand, the nation would regain control of exchange and interest rates. On the other hand, new currency would fall by about 60%. Greece’s borrowing costs would rise by at least 7 percentage points, so that position of banks and companies would seriously deteriorate. The country’s trade will drop by 50% even taking into account the competitive advantage exporters will gain from the devaluation.</div> <div> </div> <div>All in all, according to UBS, quitting euro would cost each Greek 11,500 euro in the first year and 4,000 euro in following years.</div> <div> </div> <div> </div> <div> </div> <div>Comment here http://www.fbs.com/analytics/news_markets/view/9016</div>

"Niesr analyses the odds of the UK recession"(2011-11-03) National Institute for Economic and Social Research estimate the possibility of recession in the UK by 50%. If the European policymakers don’t find the solution of the region’s debt crisis, the odds of British economic contraction will equal to 70%. The economists lowered their economic growth forecasts for 2012 from August estimate of 2% to 0.9%. In their view, UK GDP growth will keep stagnating in the first half of the next year as it was this year going through the slowest recovery since the end of the First World War. Niesr has also revised down its forecast for the global economic growth from 4.5% to 4% in 2011 and 2012 noting that there are downside risks to this projection from the crisis in Greece. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/news_markets/view/9014

"Greece’s membership in euro area depends on referendum results"(2011-11-03) The Greek dilemma is finally put point-blank: German Chancellor Angela Merkel said that Greece’s referendum on a bailout deal will determine whether it will stay in the euro area. French President Nicolas Sarkozy claimed that the indebted nation will receive any financing only if it holds to the terms of a rescue agreement designed last week. This is the first time when European leaders raised the prospect of the euro zone splintering. The vote is scheduled on December 4 or 5. Greek Prime Minister George Papandreou who has initiated the referendum thinks that there’s the necessity of “wider consensus” for the bailout terms expressing confidence that his nation will remain the member of the monetary union. Greek Finance Minister Evangelos Venizelos, on the other hand, argues that such question can’t be submitted to referendum. The results of the polls show that although the majority of Greeks are against the austerity measures imposed on them by the bailout package they don’t want their country to leave the currency bloc. It’s also necessary to note that the next 8-billion-euro tranche of the first bailout package will be delayed until the referendum results are announced. Comment here http://www.fbs.com/analytics/news_markets/view/9012

"Bernanke: US economy may need additional stimulus"(2011-11-03) Federal Reserve Chairman Ben Bernanke claimed yesterday that additional monetary stimulus may be needed to reduce unemployment as US economic outlook seems to be rather pessimistic. Among the options of such stimulus Bernanke named the third round of quantitative easing, extending the period of record-low borrowing costs or estimating the conditions necessary for the rate hike. The Chairman admits that the central bank has overestimated the pace of US economic recovery and expects American economic growth to be “frustratingly slow”, while FOMC statement states that even after relatively good figures in the third quarter there are “significant downside risks”. According to Bernanke, these risks include the effects of European fiscal and banking problems. The Fed’s GDP growth projections for 2012 were lowered from 3.3-3.7% (June’s estimate) to 2.5-2.9%. The projected unemployment rate in the fourth quarter of the next year was raised from the previous forecast of 7.8-8.2% to 8.5-8.7%. The Operation Twist or the lengthening of the Fed’s bond portfolio maturity is left in place. US monetary authorities also confirmed the plan to hold the Federal funds rate between 0% and 0.25% at least until the middle of 2013. It’s clear now that the Fed’s policy has become more accommodative and the central bank is ready for aggressive actions. Despite the increased possibility of QE3 that should have weakened US dollar the greenback strengthened against euro. Analysts at UBS think that this may be explained by the fact that some traders expected the Fed to take even more loose approach. In addition, one should remember that the pair EUR/USD is also weakened by the ongoing crisis in the euro area. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/9010

Contest for the smartest traders !!! an exclusive T-shirt from FBS Dear traders! You have a real opportunity to show your analytical skills and get an exclusive prize from FBS. On the 4th of November at 12:30 GMT an influential statistic and economic indicator Nonfarm Payrolls will be published. First one to post the right number or the closest one will be the winner of the contest and get an exclusive T-shirt from FBS. You may post your guess till 8.30 GMT on the 4th of November in our Facebook official group page http://www.facebook.com/topic.php?uid=137183862987521&topic=566 You may get a hint from FBS analytics here: http://www.fbs.com/analytics/economic_calendar “Predict NFP” contest details: http://www.fbs.com/contest/nfp 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!

"CIBC: 12-month forecast for EUR/USD"(2011-11-02) Analysts at CIBC World Markets expect the single currency to trade between $1.3400 and $1.3800 during the next 12 months. According to the specialists, in December EUR/USD will consolidate in the $1.3800 area. Then it will fall to $1.3400 in March next year and rebound to $1.3500 in June and to 1.3600 in September to return back to $1.3800 in December 2012. График. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/9006

"Morgan Stanley: euro and political factors"(2011-11-02) Analysts at Morgan Stanley look into political factors which will determine dynamics of the single currency versus the greenback. Today German Chancellor Angela Merkel and French President Nicolas Sarkozy meet with the Greek government and the IMF officials ahead of 2-day G20 summit beginning tomorrow, but the specialists think that euro’s advance on this news won’t last long. The strategists urge traders to pay attention to the confidence vote in Greek government that is taking place on Friday. In their view, the most bearish outcome for euro would be if the Prime Minister George Papandreou wins as that will lead to the referendum with potentially negative results. If Greek say “no” to the bailout package, Greece will be doomed to announce default. If Papandreou loses, the government will fall and the new elections will be very likely. In such case the new budget reform measures and potentially delay the next round of bailout funds from the EU will be delayed. This scenario, however, would be more positive for euro as this way there will be no referendum. Anyway, the medium term outlook for euro, according to Morgan Stanley, is negative. According to the bank, EUR/USD has broken through the major support levels and is now poised down to $1.3365 and $1.3145 (October 4 minimum). Morgan Stanley expects the pair to end 2011 at $1.30 and then drop to $1.25 in the first quarter of the next year. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/9003

"Agenda for the euro area in November"(2011-11-02) – Wednesday, Nov. 2: French President Nicolas Sarkozy and German Chancellor Angela Merkel meet with Greek, IMF and EU officials in Cannes. Portuguese T-bill auction. Euro-zone manufacturing PMI data. – Thursday, Nov. 3: ECB policy meeting. Mario Draghi’s first press conference as ECB President. Spanish and French bond auctions. – Thursday, Nov. 3 – Friday, Nov. 4: G-20 leaders meet in Cannes. – Friday, Nov. 4: Greek government confidence vote. Euro-zone services PMI data. – Monday, Nov. 7: Eurogroup finance ministers meet. – Tuesday, Nov. 8: EU finance ministers meet. Greek T-bill auction. – Thursday, Nov. 10: Italian T-bill auction. – Friday, Nov. 11: 2.0 billion euro of Greek T-bills mature. – Monday, Nov. 14: Italian bond auction. – Tuesday, Nov. 15: Greek T-bill auction. – Wednesday, Nov. 16: Portuguese T-bill auction. – Thursday, Nov. 17: Spanish and French bond auctions. – Friday, Nov. 18: 1.3 billion euro of Greek T-bills mature. – Sunday, Nov. 20: Spain holds general election. – Thursday, Nov. 24: General strike in Portugal. – Friday, Nov. 25: Italian T-bill/bond auction. – Tuesday, Nov. 29: Italian bond auction. Final Portuguese budget vote. Comment here http://www.fbs.com/analytics/news_markets/view/9001

"Commerzbank: technical comments on EUR/USD"(2011-11-02) Concerns about Greece’s future made euro test the levels below October minimums in the $1.3655/52 zone hitting the $1.3600 area yesterday. Technical analysts at Commerzbank expect EUR/USD to through consolidation during the coming sessions. Resistance levels at $1.3855 and $1.3930 are going to limit euro’s advance today. Support is found at $1.3610 and $1.3550. Then the pair will resume its down move. The specialists think that the European currency will slide to $1.3381/60 (late September minimums) and then to $1.3145 (October 4 minimum). The bank advises investors to avoid trading the pair until the fate of the latest bailout package becomes clear. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/8998

"J.P.Morgan: euro versus yen and US dollar"(2011-11-02) Analysts at J.P. Morgan claim that in the situation of uncertainty caused by the announcement of the Greek referendum one should sell the single currency versus Japanese yen at 107.00 stopping at 109.25 and targeting 102.00. According to the economists, the unilateral intervention in Japan won’t be effective. Chart. Daily EUR/JPY As for EUR/USD, the specialists think that it will decline to $1.36. The bank underlines that the volatility index is high, about 20%, so in the short term the trade is going to be extremely choppy. The strategists advise investors who are trading the pair to pay great attention to today’s FOMC meeting results and US Non-Farm Payrolls data on Friday. In their view, euro will keep losing to the greenback during the coming months and quarters and may hit $1.30. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/8996

"Westpac, HSBC on the outlook for kiwi"(2011-11-02) New Zealand’s dollar weakened this week versus its US counterpart as investors’ risk sentiment was affected by the news about the referendum in Greece. Currency strategists at Westpac believe that NZD/USD will keep declining during the next few weeks moving down to the levels in the $0.7000 area. In their view, support for the pair is situated at $0.7910, while resistance stays at $0.8050. Analysts at HSBC, however, think that there won’t be any clear trend for kiwi until the FOMC and ECB meetings and US payrolls this week. It’s necessary to note that the specialists don’t expect the Fed to trigger the QE3 as there should be a deflationary environment for that. Chart. Daily NZD/USD Comment here http://www.fbs.com/analytics/news_markets/view/8994

Welcome to the new FBS office in Jakarta, Indonesia!!! Dear traders! FBS3 is happy to announce about the grand opening of educational and support office in Jakarta. The office is located in the business and financial center of Jakarta, at Jalan M.H. Thamrin. New office opening is aimed to improve FBS service level in Indonesia, increase the credibility and the speed of response to customers’ enquiries. FBS managers can help traders get signed up for practice accounts, international Forex trading experts will be teaching and answering any and all the questions that traders might have. In the near time, traders should expect Forex seminars and trainings to be held. INDONESIA FBS Support & Education Office SKYLINE BUILDING 19TH Floor, Sakura Suites Jl. M.H. Thamrin Kav.9 Jakarta 10340, Indonesia Phone : +62-21-3430.6161 +62-21-3430.6262 +62-21-3430.6363 Fax : +62-21-3905141 All the questions about FBS you may send to: 083871.300.777 (Office SMS Center) If you are Blackberry user please do not hesitate to contact us: 25681DAB (Blackberry PIN) “Our team is pleased to contribute to the international development of FBS. We are sure that Indonesian office will let us reach a fundamentally new level of cooperation with our clients and partners. New office provides us with a great opportunity to introduce Indonesian traders to our company services,” said Yudianto Tri, the head of Indonesian representative office, at the grand opening. Our doors are always open to existing and prospective customers in Indonesia. Anyone who wishes to learn how to trade Forex is now welcome to our brand new office. 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!

"Citigroup: Japan’s intervention is unlikely to be a success"(2011-11-01) On Monday Japan intervened at the currency market for the third time this year in order to weaken its national currency. There’s no official information about of the amount spent, but the market’s speculating that Japan may have sold about 7 trillion yen ($92.31 billion) breaking the previous record of a 1-day intervention of 4.5 trillion yen (August 4, 2011). Never the less, many analysts are skeptical doubting that the move will be able to succeed in preventing yen from appreciation and easing pressure on Japanese exports. The economists cite the results on the previous unilateral attempts of Japan’s government when after a jump the pair USD/JPY slid down again. Citigroup specialists believe that this time everything will be the same. Economists at BNP Paribas say that the intervention policy is losing effectiveness. Among the factors which may cause the demand for yen increase one should name the risks connected with the euro area and the possibility that the Federal Reserve may ease its monetary policy. Specialists at Westpac underline that in the current situation investors will crave for safe havens. Another thing that seems likely to undermine the efforts of Japanese monetary authorities is the profit repatriation of Japanese companies which buy yen during this process. US dollar bounced yesterday by 5% from the record minimum at 75.56 yen to the maximum at 79.53, but then eased down to the levels around 78 yen. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/8990

"Add FBS as Friend": winner of this week!!! Dear traders! Correct answer for our weekly “Add FBS as Friend” contest is: 14.6 USD. The winner who gets 10 USD from FBS to his trading account is Shorena Gulashvili. Detailed information about the contest: http://www.fbs.com/contest/friends 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!

"Westpac: recommendations ahead of NFP"(2011-11-01) On Friday comes an important release – US Non-Farm Payrolls for October. Currency strategists at Westpac Institutional Bank think that if the number of jobs increased last month by more than 95K (the consensus forecast is of 98K increase after September growth of 103K), it would be wise to buy USD/JPY. If the reading is below 60K, the specialists recommend buying USD/CAD pointing out that Canadian economy which has close ties to the one of its neighbor will also suffer. Westpac analysts regard the first scenario as the most likely. That’s why they advise investors to open dollar longs at 77.00 yen stopping at 76.00 yen and targeting 79.50 yen. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/8987

"Euro: events and comments"(2011-11-01) The single currency fell versus the greenback on the expectations that European Central Bank cuts its benchmark interest rates on Thursday, November 3. According to Bloomberg, Credit Suisse Group AG index shows that yesterday traders expected the ECB to reduce the borrowing costs by 26.1 basis points during the next 12 months, while at the end of July this figure was equal to 11.1 basis points. Euro was also affected by the weak Chinese Manufacturing PMI data which dropped from 51.2 in September to 50.4 in October. In Addition, the single currency weakened against its US counterpart ahead of the FOMC statement later today (4:30 p.m. GMT). Apart from the ECB meeting the major coming events are: - G20 summit on November 3-4; - Referendum on the EU latest bailout plan for Greece that includes the agreement of the private creditors of the nation to accept 50% loss on their holdings of Greek government bonds or 100 billion euro, the increase of EFSF (European Financial Stability Facility) to 1 trillion euro and support for the region’s banking sector. According to Greek Prime Minister George Papandreou, the referendum will take place after all the details of the bailout package will be set. According to the polls, nearly 60% of Greeks oppose the debt deal; - The vote of confidence in the ruling Socialist party government will also take place in Greece on Friday. The pair EUR/USD plunged from October 27 maximum at $1.4247 to open today at $1.3860 and then slump below $1.3750. Analysts at Commonwealth Bank of Australia believe that euro is on the way down to the levels around $1.35. Support for euro is found at 1.3650/60 (October 18-20 minimums). Chart. H4 EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/8985

"UBS increased forecasts for EUR, GBP, AUD and NZD"(2011-11-01) Currency strategists at UBS increased their 1-month forecast for the single currency versus the greenback from $1.30 to $1.40 and 3-month one from $1.20 to $1.35. In their view, the pair EUR/USD will be trading between $1.35 and $1.45 during the next few weeks. The predictions for GBP/USD were also lifted up from $1.51 and $1.40 to $1.60 and $1.55. In addition, the specialists raised their 1- and 3-month estimates of future AUD/USD rate from 0.95 and 0.90 to 1.04 and 0.97 and of NZD/USD from 0.76 and 0.72 to 0.80 and 0.74 respectively. As the reason for the revisions the analysts cited the improvement of the market’s sentiment after the European authorities took actions to safe Greece from default. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/8976

"RBA lowered the benchmark interest rate"(2011-11-01) The Reserve bank of Australia lowered its benchmark interest rate from 4.75% to 4.50%. The majority of the economists now agree that the RBA is unlikely to start the easing cycle. Analysts at HSBC claim that as long as Aussie remains strong, the central bank will be less concerned about inflation that will prevent it from decreasing the borrowing costs. In addition RBA’s statement doesn’t contain hints at further rate cuts. According to the specialists, RBA’s approach has switched to neutral. Strategists at ANZ aren’t sure about the central bank’s neutral position but say that they don’t expect another easing move in December naming February as the potential time when the next cut arrives. Analysts at St. George Bank look forward to only one more rate reduction in March. Australian dollar fell versus its US counterpart from today’s maximum at $1.0566 to the levels below $1.0450. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/news_markets/view/8974

Results of Forex-Seminar in Malaysia!!! Results of Forex-Seminar in Malaysia Dear traders! On the 22nd of October Forex-Seminar in Shahzan Inn Hotel conference hall in Kuantan was held by FBS team as part of FBS road tour in Malaysia. Training seminars by FBS arouse the interest of both beginners and experienced traders. Master class about Forex trading was conducted during the seminar. The most actual topics were discussed. Lectures on Forex physiology and Money management, usage of Elliott Wave Principle and trading system were conducted. All of them had a chance to put questions to FBS and discuss Forex trading with the leading trading experts and analysts. Moreover, everyone who attended the seminar could take part in exciting contests, get special bonuses and win valuable prizes. Detailed information on the next seminar will be available soon on our website. Keep updated! 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!

Contest for the smartest traders !!! Dear traders! Take part in “Predict NFP” contest, guess the non-farm payrolls indicator, which will be published at 12:30 GMT 04.11.11, and win an exclusive and stylish T-shirt from FBS! You may enter your guesses till 8:30 GMT 04.11.11 in the special topic of our group in Facebook http://www.facebook.com/topic.php?uid=137183862987521&topic=554 We wish all the participants Good Luck! Contest rules: http://www.fbs.com/contest/nfp You may find some tips in our economic calendar: http://www.fbs.com/analytics/economic_calendar 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!

Happy Weekend from 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!