internationallove Posted November 15, 2012 Author Share Posted November 15, 2012 Market Analytics:FBS Markets Inc. 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: $1.2650, $1.2700, $1.2715, $1.2750, $1.2800, $1.2820, $1.2825; GBP/USD: $1.5800, $1.5950; USD/JPY: 79.50, 79.60, 79.70, 79.90, 80.00; AUD/USD: $1.0300, $1.0350, $1.0395, $1.0415, $1.0425, $1.0500; NZD/USD: $0.8140; EUR/GBP: 0.7930, 0.7990, 0.8000. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-15/20099-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 15, 2012 Author Share Posted November 15, 2012 Market Analytics:FBS Markets Inc. AUD/USD slid to $1.0350 AUD/USD didn’t manage to hold above $1.4050 (61.8% Fib. retracement from a September-October downtrend) on Wednesday and has slid to $1.0345 today. The pair is hovering around the $1.0365 support area where the 100- and 50-day MAs came together. AUD/USD moved below the lower boundary of the upward trend, formed in September. Note that on the hourly chart the pair is oversold. Today AUD/USD moved down after the EU Commissioner Olli Rehn said in his view Spain doesn’t need to make a bailout request in the nearest future. Comments by the US President Barack Obama fiscal cliff also pushed the Australian dollar lower. The RBA’s report on foreign-exchange transactions showed that the central bank sold A$483 million ($501 million) more Australian currency than it bought in October. RBS analysts believe by doing this the RBA is trying to cap the appreciation of the Australian dollar. According to specialists at NAB, Aussie will remain under pressure in a near-term. The pair was resilient to the external pessimism, but it seems to be ready to give ground now. Specialists name the instability in the Middle East as a strong Aussie-negative factor. A fix below the $1.0365 area would open the way for further downside. The next targets are seen at $1.0330 (38.2% Fibonacci retracement of a September-October downtrend, 200-day MA) and at $1.0235 (October 23 low). The resistance lies at $1.0460 (yesterday’s high), $1.0480 (November high), $1.0518 (September 21 high) and $1.0620 (August and September highs). Chart. Daily AUD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-15/20101-audusd-slid-10350 Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 15, 2012 Author Share Posted November 15, 2012 Market Analytics:FBS Markets Inc. USD/CHF: correction scenario USD/CHF remains within an uptrend from October lows, but is undergoing a correction. The pair’s currently trading on the edge of the H4 Ichimoku Cloud (0.9440). Commerzbank: USD will find support at 0.9380 (October 29 high) ahead of 0.9360 (200-day MA, support line). The latter level will contain the downside. “Technical indicators are starting to neutralize and this adds weight to consolidation ahead of further gains.” USD/CHF will correct up to 0.9595 and 0.9620. Danske Bank: The correction may be not that dip. Buy USD/CHF at 0.9450 with target at 0.9545 and stop at 0.9379. Chart. H4 USD/CHF Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-15/20110-usdchf-correction-scenario Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 16, 2012 Author Share Posted November 16, 2012 Market Analytics:FBS Markets Inc. November 16: forex news Yen will likely show the biggest weekly drop in 5 months on the speculation that Japan’s opposition party will win the elections and expand monetary easing. Prime Minister Yoshihiko Noda will dissolve parliament today. Japanese government downgraded its view of the economy for a fourth month, the longest streak since the global financial crisis. USD/JPY is trading above 81.00. EUR/JPY is fighting with resistance at 103.60, while only on Tuesday it approached 100 yen mark. AUD/USD is trading on the downside around 200-day MA ($1.0330). NZD/USD is supported above $0.8080. EUR/USD is consolidating around $1.2770. Recovery from a recent 2-month low ($1.2661) was capped yesterday by $1.2800. All in all, the pair’s heading for the weekly gain. The euro area has officially stepped into recession: Q3 GDP was down by 0.1%, which is the second consecutive quarterly decline. Today there is no market-moving news expected in Europe. Tension persists ahead of the euro-area finance ministers meeting on Tuesday, November 20, where the Greek issue is to be discussed. GBP/USD is trading slightly above $1.5850 (200-day MA). USD/CAD is consolidating slightly above parity, down from recent highs. Canada is forecasted to release its foreign securities purchases at 13:30 GMT. Philadelphia Fed Manufacturing Index fell from 5.7 in October to -10.7 this month. Later today watch for industrial production data released in the US (cons.: 0.2%; prev.: 0.4%). The odds that the Fed will continue stimulus measures are strong. Federal Reserve’s Chairman Ben Bernanke said yesterday the central bank will take action to speed growth and a rebound in a housing market. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here http://www.fbs.com/analytics/2012-11-16/20123-november-16-forex-news Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 16, 2012 Author Share Posted November 16, 2012 Market Analytics:FBS Markets Inc. 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, $1.2750, $1.2800, $1.2850; GBP/USD: $1.5900; USD/JPY: 80.50, 81.00, 81.25, 81.50; AUD/USD: $1.0300, $1.0400; NZD/USD: $0.8225; EUR/GBP: 0.8000, 0.8020. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-16/20126-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 16, 2012 Author Share Posted November 16, 2012 Market Analytics:FBS Markets Inc. USD/JPY: levels & scenarios USD/JPY is correcting down after it has made the biggest 2-day advance since March earlier this week. USD/JPY subsided from yesterday’s peak of 81.46 to the levels below 81.00. There’s the divergence at daily MACD – the evidence of correction. Credit Suisse: The key resistance for USD/JPY lies at 81.50 (61.8% retracement of the decline from March to September). If the bulls succeed, the pair will target 81.87 (April 10 high). Support lies at 80.65 (November 2 high, 50% retracement). Nomura sees 2 main near-term trading scenarios for USD/JPY: 1. USD/JPY will continue its rapid ascent as the markets will be repricing yen on the expectation of the major monetary policy shift towards more aggressive stimulus in the coming month. The greenback may rise to 85 yen in 2012. The probability of this scenario is 20-30%. 2. USD/JPY may be consolidating during some period of time and retrace lower to 80.00. This may happen due to the lack of action on the part of the Bank of Japan next week (BOJ meets on Tuesday, November 10), temporarily better Japanese trade data (Wednesday) and continued uncertainty about the resolution of the fiscal cliff in the US. This is probably the most likely scenario. Chart. Daily USD/JPY Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-16/20129-usdjpy-levels-scenarios Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 16, 2012 Author Share Posted November 16, 2012 Market Analytics:FBS Markets Inc. US: talks about fiscal cliff begin today President Barack Obama meets Congressional leaders today to begin budget talks. There’s the risk that the US will fall in recession if deal is reached to avoid some of the $600 billion in spending cuts and tax hikes which are to start in January. Analysts at Westpac point out that the recent comments from key players show that the 2 two sides are starting negotiations from rather distant points. “There will be plenty of negative headlines in coming weeks that weigh on risk assets and boost USD, which is yet again trading like a safe haven even when the bad news is generated by the US. We doubt there will be a deal before late December,” warns the bank. Photo: AP Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-16/20131-us-talks-about-fiscal-cliff-begin-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 16, 2012 Author Share Posted November 16, 2012 Market Analytics:FBS Markets Inc. SocGen: time to sell EUR/JPY Analysts at Societe Generale recommend selling EUR/JPY. The specialists underline that the pair has approached strong resistance in the 104.00 area (line connecting 2011 and 2012 highs). The target is at 100.00 and stop – at 106.00. According to SocGen, economic conditions in the euro zone are only going to keep deteriorating. It’s clear that momentum has slowed in Q4, especially in the manufacturing sector. Support: 102.80 (October 5 high), 102.15 (200-day MA), 101.60 (June 21 high), 100.60 (retracement). Resistance: 104.60 (October 23 high). 105.70 (March 7 low). Chart. Daily EUR/JPY Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-16/20135-socgen-time-sell-eurjpy Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 19, 2012 Author Share Posted November 19, 2012 Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield Last week EUR/USD was trading around $1.2740 (38.2% retracement of the advance from July to September) firstly dipping to $1.2660 and then rising to $1.2800. Today the pair’s trading on the upside above $1.2740. There may be no doubts that the most important event associated with euro is the Eurogroup meeting tomorrow with Greece as the main point of its agenda. The positive headlines will likely cause a relief rally in EUR/USD. Yet, the longer-term outlook for the single currency remains negative as the region faces a deepening recession. The negotiations about US fiscal cliff also brought some hopeful commentaries from both parties, while US Treasury Secretary Geithner suggested that the deal will be made in a few weeks. If EUR/USD overcomes $1.2800 (key near-term level) and $1.2825 (October 11, 26 low), it will get chance to rise to $1.2880 (October 2 minimum). The slide below $1.2690 (Friday’s low) will make the bulls uncomfortable with targets at $1.2660 and $1.2610 (50% retracement). So, to sum up: there are more chances on the upside now, watch the news and $1.2800, though many experts still remain quite cautious and want to sell EUR. Resistance: 104.60 (October 23 high). 105.70 (March 7 low). Chart. Daily EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-19/20139-eurusd-news-battlefield Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 19, 2012 Author Share Posted November 19, 2012 Market Analytics:FBS Markets Inc. GBP/JPY: resistance in focus Pay some attention to GBP/JPY. The pair’s overbought on H4 and approached significant resistance at 129.70. So, a correction to the downside seems likely. Resistance: 129.70, 130.10, 130.80. Support: 129.00, 128.25, 127.80. Chart. Daily EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-19/20143-gbpjpy-resistance-focus Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 19, 2012 Author Share Posted November 19, 2012 Market Analytics:FBS Markets Inc. USD/JPY: down from 81.60 USD/JPY slid back to 81.20 after touching a new 6-month high at $81.60 (61.8% Fibo) earlier in the day. Today we see a downward correction, but the yen still remains under strong pressure ahead of the BoJ meeting on Tuesday. Given the political turmoil, the regulator may be forced to implement the aggressively dovish monetary measures. Will it happen and what consequences will further easing have? According to UBS strategists, the BoJ is unlikely to inject any further monetary stimulus until early next year as they need time to size up the policies of the new government. What’s more, they doubt that the easing will lead to a significant yen drop. “The Bank of Japan has been very loose for decades, and we still see USD/JPY trading around 80," specialists say. In their view, the real reasons for the pair’s dynamics are outside of Japan: these days the US Treasury yields lack momentum. Analysts at BNP Paribas expect the investors to remain bearish on yen over the weeks ahead as the political tension will persist at least until April when Noda’s term ends. However, the fundamental factors for USD/JPY indicate the upside pressure is likely to be limited – the yen will keep its safe-haven status because of the huge stock of foreign assets that the Japanese investors have. Support: 129.00, 128.25, 127.80. Chart. Daily USD/JPY Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-19/20146-usdjpy-down-8150 Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 19, 2012 Author Share Posted November 19, 2012 Market Analytics:FBS Markets Inc. FX majors from top forecasters Here are the forecasts for EUR/USD, GBP/USD, USD/JPY, USD/CHF and EUR/JPY from top forecasters. Data were submitted on November 16. Support: 129.00, 128.25, 127.80. Source: FX Week Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-19/20150-fx-majors-top-forecasters Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 19, 2012 Author Share Posted November 19, 2012 Market Analytics:FBS Markets Inc. EUR/JPY: trading recommendation EUR/JPY continues a range-bound trade since the early September. Last week the pair surged to 104.00 on BoJ easing bets and now is consolidating slightly below these levels. Strategists at Bessemer Trust recommend buying EUR/JPY at current levels with a stop at 103.00 and a target of 104.50 (October highs). In their view, there are some more reasons to trade against the yen: this week the risk sentiment should moderately improve. Firstly, investors are calm for Greece as for now it avoided the default. Secondly, it's a quiet week with Thanksgiving in the US (November 22) - the trade is likely to stabilize a bit. Support: 129.00, 128.25, 127.80. Chart. Daily EUR/JPY Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-19/20152-eurjpy-trading-recommendation Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 20, 2012 Author Share Posted November 20, 2012 Market Analytics:FBS Markets Inc. November 20: forex news Yen strengthened versus its counterparts as the Bank of Japan didn’t loosen its monetary policy, although while the opposition leader Shinzo Abe who may become prime minister in December was calling for unlimited easing. USD/JPY slid to 81.14 on the news. EUR/JPY fell by 30 pips to 104.00. Markets are now waiting for the BOJ press conference. AUD/USD is moving sideways around $1.0400. According to the RBA’s meeting minutes released today, the central bank thinks more easing may appropriate to spur economic growth. RBA forecasts a “more moderated” Q3 GDP growth. NZD/USD is on the downside, around $0.8180, after an impressive 2-day advance. Euro depreciated as after Moody’s Investors Service stripped France of its top government bond rating. The concerns about the euro area increased. EUR/USD is right below $1.2800 after it tested the levels above this handle earlier. The long-awaited Eurogroup meeting takes place today. GBP/USD is trading around $1.5915 and is moving up for a fourth day in a row. The pair returned above the 100-day MA and the trend line support. USD/CHF is supported by 0.9400. USD/CAD slumped yesterday after breaching 200-day MA and it trying to hold at 0.9960. Later today in the US watch for October housing market data. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here http://www.fbs.com/analytics/2012-11-20/20164-november-20-forex-news Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 20, 2012 Author Share Posted November 20, 2012 Market Analytics:FBS Markets Inc. Analysts: bullish for USD/JPY According to strategists at Brown Brothers Harriman, Shinzo Abe, leader of the opposition Liberal Democratic Party, last week finally managed to break the link between the yen and the general risk environment. Now the yen will trade more on other Japan-driven factors like interest rate policies. Nomura specialists agree. In their view, yen could bounce a bit in a near term on the year-end concerns, but already by early 2013 USD/JPY is likely to reach 85.00. In a longer term Morgan Stanley sees USD/JPY rise to 90 by Q4 2013. Chart. Weekly USD/JPY Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here http://www.fbs.com/analytics/2012-11-20/20170-analysts-bullish-usdjpy Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 20, 2012 Author Share Posted November 20, 2012 Market Analytics:FBS Markets Inc. 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, $1.2750, $1.2800, $1.2825; GBP/USD: $1.5900; USD/JPY: 80.50, 81.00; AUD/USD: $1.0250-$1.0650(DNT)*, $1.0360; AUD/JPY: 85.85. *Double No-Touch option – a type of exotic option that gives an investor an agreed upon payout if the price of the underlying asset does not reach or surpass one of two predetermined barrier levels. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-20/20172-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 20, 2012 Author Share Posted November 20, 2012 Market Analytics:FBS Markets Inc. EUR: will Eurogroup be a relief? For now hopes about Greece overweight concerns about France downgraded by Moody’s from Aaa to Aa1. EUR/USD is doing rather well trying to conquer $1.2800. Some experts say that Moody’s is only following other rating agencies (now its estimate of France’s finance is in line with the one made by S&P). So, despite this is a fresh negative, everyone’s focused on Greece. The meeting of the Eurogroup begins around 16.00 GMT. Analysts at BKAsset Management say that there are 2 scenarios for today: 1. If Greece gets a partial aid payment, it will be positive for EUR in the short term, negative in the longer term. 2. If no agreement is reached (remember that the EU and the IMF have yet to reach an agreement on key issues), EUR will fall to November lows. The specialists describe this scenario as “very likely”. Photo from sigmalive.com Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-20/20174-euro-area-will-eurogroup-be-relief Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 20, 2012 Author Share Posted November 20, 2012 Market Analytics:FBS Markets Inc. FX update: market's still ahead of Eurogroup Euro Stoxx is down by 0.4%. Stock markets obviously got hurt by France’s downgrade. Forex market is rather quiet (ahead of the storm?). EUR/USD is consolidating around the $1.2800 mark (200-day MA), capped by100-period MA on H4 ($1.2810). USD/JPY sits in the 81.50/15 range. The BoJ press conference showed the regulator is set to defend its independence despite the political headwinds. AUD/USD is swinging around its favorite level of the recent days – $1.0400. The RBA Gov Stevens said that talk of end of mining boom is “somewhat overhyped”. The advance of NZD/USD stalled below $0.8200. GBP/USD is still in the $1.5900 area. USD/CAD is consolidating above 0.9955 after sliding by more than 50 pips yesterday. USD/CHF is trading around 200-day MA (0.9410). The meeting of the Eurogroup begins around 16.00 GMT. Photo from londonlovesbusiness.com Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-20/20178-fx-update-markets-still-ahead-eurogroup Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 20, 2012 Author Share Posted November 20, 2012 Market Analytics:FBS Markets Inc. EUR/USD: technical levels from the banks Commerzbank: EUR/USD may rise to $1.2825 (October 11 low), $1.2845 (resistance line) before returning to $1.2661 and $1.2480. The pair will be capped by $1.2900 (55-day MA). UBS: Initial resistance is at $1.2876, a break above would see upside potential towards $1.2900. Support lies at $1.2691 ahead of $1.2662. MIG Bank: EUR/USD has broken resistance of $1.2790 (November 9 high). The next resistance is given by the declining trend line ($1.2845). The break to the downside out of the consolidation from mid-September to November (triangle pattern) calls for further weakness towards the support at $1.2431 as long as prices remain below the resistance area between $1.2876 and $1.2894. USD/CHF is trading around 200-day MA (0.9410). Chart. Daily EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-20/20180-eurusd-technical-levels-banks Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 21, 2012 Author Share Posted November 21, 2012 Market Analytics:FBS Markets Inc. November 21: forex news Markets are in the risk-off mode as the European officials failed to reach a deal on a bailout for Greece, while the Fed’s Chairman Ben Bernanke highlighted the dangers of a US fiscal crisis. Asian shares declined, MSCI Asia Pacific Index of shares is down by 0.15%. EUR/USD slid below $1.2750 as the Eurogroup meeting came short of expectations. The European finance ministers made no conclusive decision on a Greece aid tranche after a 10-hour meeting in Brussels. The discussions will continue on Monday. According to the IMF Chief Christine Lagarde, Eurogroup made some progress, although more work is needed. Today Germany holds a 10-year bond auction. Tomorrow euro area releases PMI and that probably will add to the pressure on euro. AUD/USD fell to $1.0350 on the disappointing news from Europe. Aussie’s now close to the 200-day MA ($1.0339). NZD/USD slid to the 100-day MA ($0.8125). GBP/USD slid back to $1.5900 after four days of growth. Today watch the MPC meeting minutes and the public sector net borrowing at 9:30 GMT. USD/CAD is trading on the upside, but remains below parity and the 200-day MA. USD/JPY rose to 81.97, the maximal level since the beginning of April. Yen weakened due to the speculation of more aggressive easing by the Bank of Japan and poor Japanese trade balance (0.62T deficit in October vs. 0.46T deficit expected). USD/CHF made a jerk up to 0.9450. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here http://www.fbs.com/analytics/2012-11-21/20184-november-21-forex-news Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 21, 2012 Author Share Posted November 21, 2012 Market Analytics:FBS Markets Inc. 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 (3 p.m. GMT). EUR/USD: $1.2700, $1.2725, $1.2750, $1.2775, $1.2800, $1.2875, $1.2895, $1.2900; GBP/USD: $1.5925; USD/JPY: 81.00, 81.25, 81.75; AUD/USD: $1.0300, $1.0355, $1.0430; GBP/JPY: 127.85; EUR/JPY: 103.45, 103.50. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-21/20189-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 21, 2012 Author Share Posted November 21, 2012 Market Analytics:FBS Markets Inc. Euro zone: November agenda November is moving to an end, but there are still a lot of events to hit the European floor in the coming days. Nov. 22: Spanish bond auction. EU summit. Nov. 23: German Ifo November business climate index. EU summit. Nov. 25: Spanish regional elections in Catalonia. Opinion polls show most Catalans will vote for pro-independence parties, either from the left or right, handing their leader a mandate to hold a referendum on succession, despite strong resistance from the Spanish government. Nov. 26: Extraordinary meeting of euro-zone finance ministers. The Eurogroup has to make decision about financing Greece and settle disagreement with the IMF about Greek debt targets. Nov. 27: Spanish T-bill auction. Italian bond auction. Nov. 28: German bond auction. Italian T-bill auction. Nov. 29: Italian bond auction. German November unemployment data. Picture by New York Times Syndicate Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-21/20194-euro-zone-november-agenda Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 21, 2012 Author Share Posted November 21, 2012 Market Analytics:FBS Markets Inc. FX update: European trading session Euro Stoxx 50 index started declining after moving up earlier today. EUR/USD tested the levels above the 200-day MA and rose to $1.2795 as the risk aversion slowly steps away. GBP/USD returned above $1.5900 after having formed long-shadowed candlesticks at the daily lows. USD/JPY has made some progress since the Asian session: dollar's testing levels around 82.15 as the buy stops activated above 82.00 while trading volumes are low ahead of tomorrow’s Thanksgiving holiday in the US. AUD/USD tried to rebound (see H1), but was stopped in the $1.0380 area. NZD/USD is slowly correcting on the hourly chart moving up from today’s low of $0.8125. USD/CHF retraced more than half of today’s gains and slid to the 0.9400 zone. USD/CAD keeps trading around 0.9975. The pair remains below the 200-day MA. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-21/20198-fx-update-european-trading-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 21, 2012 Author Share Posted November 21, 2012 Market Analytics:FBS Markets Inc. Westpac: NZD/USD will slide to $0.8050 Analysts at Westpac expect NZD/USD to slide to $0.8050 in a month. If this level doesn’t provide enough support, kiwi will slide to $0.8000/0.7600 trading range. Then, about the beginning of 2013 NZD will start recovering. The specialists note that in the second half of 2012 NZD/USD tended to trade sideways and then break in the direction of the preceding trend – to the upside. Until the year-end kiwi will be affected by US fiscal negotiations, Greece’s problems and New Zealand’s economic data. The next year there will be positive impact of China’s gradual cyclical recovery and better data from New Zealand. Chart. Daily NZD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-11-21/20201-westpac-nzdusd-will-slide-08050 Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 22, 2012 Author Share Posted November 22, 2012 Market Analytics:FBS Markets Inc. November 22: forex news Asian session was illuminated by bright data from China. The nation’s preliminary November HSBC manufacturing PMI came at 50.4 (prev.: 49.5). This is the first reading above 50 since November 2011 (indicates industry expansion). Asian shares rose, MSCI's Asia-Pacific index of shares added 0.8%. In addition, tensions in the Middle East eased. As for the European issues, investors are hoping that a bailout for Greece will be agreed next week. However, the pair AUD/USD, which is usually quite sensitive to the dynamics of Chinese economy, has been capped by resistance of $1.0400. Investors are now debating whether the RBA will cut rates in December. EUR/USD rebounded to $1.2870, paring the losses after the disappointing Eurogroup meeting. The pair fixed above the 200-day MA. Today the markets focus on European PMIs, which are expected to come below 50 that is a sign of the industry’s contraction. France, Germany, and the euro area will release their figures from 8:00 to 9:00 GMT. A 2-day EU economic summit starts today. European leaders will discuss the budget for 2014-2020. Given the difference of opinions, there is a real chance that no agreement will emerge from the summit. Spain holds a 10-year bond auction later today. The US is celebrating Thanksgiving today, so there’s a bank holiday in America. GBP/USD continues this week’s uptrend. Cable has already touched $1.5968, a new 10-day high. USD/JPY is consolidating above 82.40 after yesterday it made another leg higher. USD/CAD slid to 0.9950. Today Canada releases retail sales data (forecast – moderately positive). USD/CHF is trading on the downside. Today the pair tested 55-day MA around (0.9360). Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here http://www.fbs.com/analytics/2012-11-22/20210-november-22-forex-news Quote Link to comment Share on other sites More sharing options...
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