internationallove Posted November 29, 2012 Author Share Posted November 29, 2012 Market Analytics:FBS Markets Inc. GBP/USD stalled above $1.6000 GBP/USD remains above the $1.6000 mark and keeps trading without a clear direction for a fourth day in a row. Investors became indecisive as last Friday the pair reached the upper boundary of a bearish channel, existing since September. Cable keeps forming long-shadowed candles: this week we’ve already seen two hammers and a shooting star. The upside is capped by $1.6060 (50-day MA, November 27 high), while on a downside the pair is supported at $1.5960. Cable lacks the positive sentiment to break above the channel. Growth will be contained below $1.6070 (daily Ichimoku, 50% Fibo). Watch the news on fiscal cliff in US: these days they are the strongest risk sentiment driver. Resistance: $1.6030, $1.6050/70, $1.6100 Support: $1.0600, $1.5960, $1.5920, $1,5900 Сhart. Daily GBP/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/2012-11-29/20371-gbpusd-stalled-above-16000 Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 30, 2012 Author Share Posted November 30, 2012 Market Analytics:FBS Markets Inc. November 30: Asian session MSCI Asia Pacific Index of shares rose by 0.6%. USD/JPY jumped up from levels just above 82.00 to 82.45. EUR/JPY rose to 7-month high of 107.30. Japan’s core CPI was unchanged y/y in October, Tokyo core CPI fell by 0.5% in November fanning speculation the central bank will increase stimulus to spur inflation. Opposition leader Shinzo Abe once again called for the Bank of Japan to pump unlimited cash into the financial system until inflation reaches 2%. Aussie declined on slowing business investment in Australia. AUD/USD slid below $1.0435 yesterday and is staying down there today, supported by 200-hour MA. NZD/USD slid from yesterday’s high of $0.8265, but is supported by the uptrend line. The situation in the US is rather good. The negotiating about the fiscal cliff started, pending home sales added 5.2% last month (forecast: 0.9%). Later today watch for Chicago PMI, core PCE price index and personal spending. EUR/USD is trading around $1.3000. Yesterday the pair tested a new monthly high at $1.3013. Some more news about the Greek deal: the IMF will disburse Greece’s next bailout tranche only if the country completes a voluntary buy back of its debt by December 13, an IMF spokesman said on Thursday. Meanwhile, Greek banks don’t desire to buy the bonds back: according to them, stakeholders have already suffered huge losses earlier this year and that the buyback would constitute a disproportionate burden for them. Watch the economic calendar today – euro zone will release a bunch of important data (inflation, unemployment). Mario Draghi will deliver a speech in Paris. German parliament will vote today to ratify the amended aid plan to Greece. GBP/USD strengthened to $1.6050. Yesterday the cable has finally started to move after a consolidation. USD/CAD is hovering around 0.9930. The pair is supported by the 100-day MA. Canada will publish its monthly September GDP at 13:30 GMT (forecast: moderately positive). USD/CHF keeps moving sideways in the 0.9300/9250 zone. 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/2012-11-30/20387-november-30-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 30, 2012 Author Share Posted November 30, 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). Here are the key options expiring today: EUR/USD: $1.2900, $1.2950, $1.3000, $1.3020; GBP/USD: $1.6025; USD/JPY: 82.00, 82.15, 82.25, 82.40, 82.50, 82.95; USD/CHF: 0.9150; AUD/USD: $1.0370, $1.0450; USD/CAD: 0.9970; EUR/JPY: 107.00; EUR/GBP: 0.8085, 0.8100. 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/2012-11-30/20389-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 30, 2012 Author Share Posted November 30, 2012 Market Analytics:FBS Markets Inc. AUD under pressure ahead of the RBA meeting The Australian dollar remains under pressure amid speculation the RBA may cut rates on its final meeting for the year on Tuesday (Dec. 4) in order to shelter the economy from a slowdown in mining. Markets are widely a rate cut: according to Credit Suisse research, 83% of traders forecast a cut by 25 bps. Commonwealth Bank of Australia: We don’t think an actual cut next week will put too much downward pressure on Aussie – a lot of the cuts are already factored into the market. Morgan Stanley: Deteriorating domestic fundamentals and terms of trade suggest that the Aussie is likely to remain vulnerable. The Australian dollar appears to be losing its appeal as an investment currency. Barclays: the RBA will make a 25-bps rate cut next week, but demand for Aussie as high-yielding currency will support the rate. AUD/USD will trade in a tight range with a downward bias. Image: Reuters 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/2012-11-30/20393-aud-under-pressure-ahead-rba-meeting Quote Link to comment Share on other sites More sharing options...
internationallove Posted November 30, 2012 Author Share Posted November 30, 2012 Market Analytics:FBS Markets Inc. AUD under pressure ahead of the RBA meeting EUR/USD: bullish view; in case of a break above $1.3023 euro may rise to $1.3140/72. Support is at $1.2939 and $1.2880. GBP/USD: neutral view; resistance is at $1.6069. If pound breaks higher and closes above this level, it will get chance to rose to $1.6126. Support is at $1.6002 and $1.5962. USD/JPY: bullish view; in case of a break above 82.85 dollar will rise to 83.30. Support is at 81.69/40. USD/CHF: bearish view; focus on support at 0.9215 – if dollar breaks below this level, it will become vulnerable for a decline to 0.9041. Resistance is at 0.9304 and 0.9341. 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/2012-11-30/20398-ubs-comments-fx-majors Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 3, 2012 Author Share Posted December 3, 2012 Market Analytics:FBS Markets Inc. December 3: Asian session Upbeat economic data from China (final HSBC manufacturing PMI increased from 49.5 in October to 50.5 in November) boosted risk sentiment making euro gain. Australian dollar, however, dipped due to disappointing local retail sales which heightened speculation that the RBA will cut its benchmark rate tomorrow by 25 bps to 3.00%. AUD/USD is trading just above $1.0400 after breaking the range of the previous week to the downside. NZD/USD is fluctuating in the $0.8200 area, also below last week’s range. USD/CHF is in the 0.9250 zone, on the lower edge of its recent range. EUR/USD touched a fresh 5-week high at $1.3047 as the risk sentiment improved. Earlier in the day euro came under pressure after Moody's cut its rating on the European Stability Mechanism (ESM) to Aa1 from Aaa on Friday, keeping a negative outlook. It also lowered its provisional rating on the European Financial Stability Facility to (P)Aa1 from P(Aaa), citing a recent downgrade of France's sovereign rating. Today Greece is expected to unveil the details of a bond buy-back. Watch the Eurogroup meeting results and the European December PMIs. GBP/USD rose to $1.6045. Cable is trading above the bearish channel, but for now the upside is capped by the 50-day MA ($1.6050). The pair remains in a short-term sideways range. Great Britain will release its manufacturing PMI 9:30 GMT. USD/CAD trades around 0.9920. The pair continues a sideways trade and is supported by the convergent 100- and 50-day MAs. USD/JPY is little changed around 82.40. EUR/JPY is trading around 7-month highs of 107.40. Bank of Japan Governor Masaaki Shirakawa said that the central bank is committed to loosening monetary policy aggressively on condition there is no substantial risk to sustainable economic growth such as a buildup of imbalances. 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/2012-12-03/20404-december-3-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 3, 2012 Author Share Posted December 3, 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). Here are the key options expiring today: EUR/USD: $1.2900, $1.2950, $1.2960, $1.2985, $1.3100, $1.3145, $1.3150; USD/JPY: 81.50, 82.00, 82.10, 82.25, 82.60; AUD/USD: $1.0435, $1.0450, $1.0475; EUR/GBP: 0.8030. 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/2012-12-03/20406-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 3, 2012 Author Share Posted December 3, 2012 Market Analytics:FBS Markets Inc. CFTC: Large players sell yen Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, November 30, by the Commodity Futures Trading Commission (CFTC) for a week ended November 27. The value of USD net long position decreased from $11.2 billion to $8.01 billion. JPY shorts reached its highest level in 2012 - investors sentiment towards the yen is strongly negative. Meanwhile, EUR and CHF shorts were down. Note that demand on the risky currencies increased: GBP, AUD, CAD and NZD longs edged higher. 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. 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/2012-10-08/19460-cftc-trader-positioning-data Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 3, 2012 Author Share Posted December 3, 2012 Market Analytics:FBS Markets Inc. December 3: European session EUR/USD is trading close to the daily highs ($1.3048). The state of euro zone’s manufacturing sector has slightly improved in November. Spanish 10-year yields declined by 10 bps to 5.24%. Euro Stoxx 50 is up by 0.4%. Watch for manufacturing PMI and ISM index in the US. Chancellor Angela Merkel opened the possibility that Germany may ultimately accept a write-off of Greek debt. “If Greece one day can rely once again on its own revenue, without having to borrow, then we’ll have to look at this situation and make an evaluation,” Merkel told Bild am Sonntag. GBP/USD went up from the daily lows at $1.6010, but remains capped by $1.6060. UK manufacturing PMI rose from 47.3 in October to 49.1 in November (forecast: 48.1). AUD/USD stays in the $1.0425/00. NZD/USD sits at $0.8200, at 55-day MA and 200-hour MA after testing $0.8170 earlier today. USD/JPY drifted down to 82.00. USD/CHF is still at 0.9250. 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/2012-12-03/20426-december-3-european-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 4, 2012 Author Share Posted December 4, 2012 Market Analytics:FBS Markets Inc. Dec. 4: US & Asian sessions The RBA cut benchmark interest rate by 25 bps to 3.00% to the half-century minimum. AUD/USD has been very choppy since the announcement, first going to session lows at $1.0406 and then jumping to fresh weekly highs at $1.0460. For now the pair retraced to $1.0440. NZD/USD rose by about 30 pips to $0.8230. EUR/USD is consolidating around $1.3050. The single currency reached a 6-week high after the Greek government announced a 10 billion euro bond buyback. Spain formally requested aid for its banking sector recapitalisation, seeking disbursement of 39.5 bln euros of European funds, as agreed under a June rescue deal. Watch the ECOFIN meetings headlines and the Spanish unemployment change. The market’s sentiment somewhat revived after US disappointed yesterday with weak data: ISM manufacturing PMI slid to 49.5 in November, the weakest since July 2009, reflecting concerns about the fiscal cliff. The White House dismissed a proposal from congressional Republicans on Monday that included tax reforms and spending cuts, saying it did not meet President Barack Obama’s pledge to raise taxes on the wealthiest Americans. USD/CHF keeps fluctuating in the 0.9270/40 area. USD/JPY is trading just above 82.00. GBP/USD is consolidating slightly below $1.6100. Watch the British construction PMI at 9:30 GMT. USD/CAD is hovering around 0.9950. The Bank of Canada will announce its monetary policy decision at 14:00 GMT (markets don’t expect any changes). 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/2012-12-04/20447-dec-4-us-asian-sessions Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 5, 2012 Author Share Posted December 5, 2012 Market Analytics:FBS Markets Inc. Dec. 5: Asian fx session The market’s sentiment seems quite positive. China’s index Shanghai Composite added 2.90% on the improved expectations about Chinese economic growth. AUD/USD added about 50 pips yesterday. Today Aussie is trading on the upside, though capped by resistance at $1.0485. Australian GDP added 0.5% q/q in Q3 (forecast: 0.6%). NZD/USD is once again at $0.8250, at the upper edge of the past week’s range. The RBNZ will meet later today, the central bank’s expected to leave benchmark rate at 2.50%. EUR/USD tested a fresh 7-week high at $1.3125. The pair is moving towards the $1.3170 September peak. The single currency is supported by the efforts to resolve Greek and Spanish problems. According to Greek PM Samaras, Grexit has become much less likely after the Eurogroup decisions. Spanish bond yields declined to 5.25% - level unseen since March. However, the country is likely to miss its 2012 deficit targets. Meanwhile, the greenback is pressured by expectations the Fed may launch a new bond purchase scheme to replace Operation Twist. Today watch euro zone’s service PMIs and retail sales data. Spain holds a 10-year bond auction. USD/JPY remains in the 82.80/81.70 area where it’s staying for 2 weeks. Today dollar made a swift move from 81.80 to 82.30. USD/CHF is consolidating in the 0.9275/55 zone. GBP/USD trades on the upside above $1.6100 mark, but below yesterday’s monthly high of $1.6130. Watch the British services PMI at 9:30 GMT and the Autumn Forecast Statement at 12:30 GMT. USD/CAD remains under pressure after the BoC decision to leave rates at 1.00%. The pair is testing the 100-day MA at 0.9910. Later today in the US watch the ADP employment report (will provide some hints to Friday’s NFP); ISM services PMI & factory orders. 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/2012-12-05/20468-dec-5-asian-fx-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 5, 2012 Author Share Posted December 5, 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). Here are the key options expiring today: EUR/USD: $1. 3025, $1.3030, $1.3095, $1.3125; GBP/USD: $1.6030, $1.6060; USD/JPY: 81.30, 81.50, 82.00 (large), 82.20, 82.75; AUD/USD: $1.0425, $1.0440, $1.0450, $1.0475, $1.0500; EUR/JPY: 106.25, 107.00, 107.90; EUR/GBP: 0.8100. 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/2012-12-05/20470-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 5, 2012 Author Share Posted December 5, 2012 Market Analytics:FBS Markets Inc. What to expect from Friday's NFP? This week speculators will be focused on November NFP release (Friday, 13:30 GMT). Economists forecast a NF job growth of just 91K, a sharp decline from 171K in October. Operation Twist expires at the end of the year, so many market players expect additional monetary easing from the Fed on the Dec. 12 meeting. Perhaps the employment data will shed some light on the regulator’s intentions. Barclays: We expect modest downside surprises from both NFP and unemployment data. Reasons for the likely drop are clear, but investors may still react negatively. UBS: Friday’s US NFP will determine market’s sentiment and everyone will be focused on US fiscal cliff. Note though, that many analysts warn that it may be quite difficult to get a clear picture of US labor market based on November NFP due to the impact of the hurricane Sandy. Why is NFP important? The payrolls data represent the key figures for US labor market. The Fed is guided by the state of American market when it decides how much monetary stimulus to add to the economy. Monetary stimulus, in its turn, is weakening USD. Chart. US NFP (2006-2012) Source: forexfactory.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/2012-12-05/20473-what-expect-fridays-nfp Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 5, 2012 Author Share Posted December 5, 2012 Market Analytics:FBS Markets Inc. AUD/USD trades below $1.0500 AUD/USD is hovering around yesterday’s high at $1.0480, supported by the overall positive market sentiment and optimism about China’s economic health. Bulls have once again approached the $1.0490/1.0500 resistance area. We have already seen two unsuccessful attempts to overcome it in November. The next resistance will be seen at $1.0570 (2011 and 2012 resistance line). Westpac: Likely mixed news on commodities and US fiscal policy should push the pair to $1.0400 by the year end. However, in Q1 2013 commodity prices should swing higher on stronger Chinese growth. We target $1.0600 by March 2013. Resistance: $1.0490/1.0500, $1.0570, $1.0600, $1.0625 Support: $1.0425, $1.0400, $1.0390, $1.0350 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/2012-12-05/20476-audusd-trades-below-10500 Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 5, 2012 Author Share Posted December 5, 2012 Market Analytics:FBS Markets Inc. Dec. 5: European session EUR/USD is correcting down after reaching $1.3126 earlier today. The pair is now in the $1.3100 area. Support lies at $1.3085 and $1.3070. Spain conducted debt auction, sold 4.251 bln euro of 3-, 7- and 10-year bonds (out of a targeted 3.5-4.5 bln euro), though yields on the first 2 were higher. Services PMI in euro area came mixed in comparison with expectation, though all below the key 50-point mark. Euro Stoxx 50 is up by 0.34%. GBP/USD is trading above $1.6090 and the bears are actively testing the strength of this support. UK finance minister George Osborn is making an Autumn Statement today. The comments will be very important amid the fears that the nation may lose its top credit rating. USD/JPY is trading in a very tight range today, sitting right on the 100-hour MA at 82.20. AUD/USD failed at $1.0485 and slid to $1.0460. NZD/USD is little changed in the $0.8255/40 area. Later today in the US watch the ADP employment report (will provide some hints to Friday’s NFP); ISM services PMI & factory orders. 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/2012-12-05/20478-dec-5-european-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 6, 2012 Author Share Posted December 6, 2012 Market Analytics:FBS Markets Inc. Dec. 6: Asian session Asian shares rose to a 16-month high after US President Barack Obama said a deal to avert the fiscal cliff of year-end tax hikes and spending cuts was possible in “about a week” if Republicans compromise on taxes. AUD/USD is making rather volatile moves in the $1.0480/40 area. Australian November employment data came rather good: jobless rate unexpectedly fell to 3-month low of 5.2%. NZD/USD rose to $0.8300 as the RBNZ left the benchmark rate unchanged at the record low of 2.5%, encouraging expectations for faster growth over the next 2 years. EUR/USD slid to $1.3050 after yesterday’s test of a fresh 7-week high at $1.3130. The single currency came under pressure after S&P downgraded Greece to selective default. Today the revised euro zone’s Q3 GDP is to confirm that the economy contracted by 0.1%. Later in the day ECB holds a policy meeting (12:45 GMT). The regulator is likely to remain on hold. USD/JPY keeps trading in the 81.70/82.80 area. Today dollar’s on the upside after the pair formed bullish engulfing on the daily chart yesterday, though the market looks indecisive and USD’s fluctuating around 82.50. USD/CHF is still trapped in the 0.9300/9240 range. GBP/USD slid back below the $1.6100 mark. The Bank of England meets at 12:00 GMT. MPC will probably leave their QE target unchanged at 375 billion pounds. USD/CAD returned to 0.9925 after having tested the lower boundary of a recent flat channel. The pair trades above the crossing 100- and 50 day MAs. 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/2012-12-06/20498-dec-6-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 6, 2012 Author Share Posted December 6, 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). Here are the key options expiring today: EUR/USD: $1.2965, $1.2975, $1.2990, $1.3000, $1.3020, $1.3050; GBP/USD: $1.6100, $1.6010, $1.6040; USD/JPY: 81.30, 82.00, 82.25, 82.50; AUD/USD: $1.0410, $1.0500; NZD/USD: $0.8220, $0.8240; EUR/GBP: 0.8100; EUR/CHF: 1.2110. 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/2012-12-06/20500-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 6, 2012 Author Share Posted December 6, 2012 Market Analytics:FBS Markets Inc. EUR/USD: downward correction EUR/USD corrected from 7-week highs around $1.3125 to $1.3045. Buy orders are clustered in the $1.3040/50 (close to support live from November 21) and $1.3000/10 zones. The level $1.2950 provides technical support (38.2% retracement of November-December advance). Sell orders are found in the $1.3080/00 and $1.3130/50 areas. The level $1.3170 provides technical resistance. Today watch for the ECB meeting. According to consensus forecast, the central bank will leave its policy unchanged for now, so pay attention to ECB’s economic forecasts for the next year: the bank is likely to cut its euro zone’s economic growth outlook for this year and 2013, including core countries as Germany. Hints on future rate cuts may put some pressure on euro. For now, we regard the recent decline in EUR/USD as correction. Euro has been quite resilient in November. There were many discouraging news on Wednesday (bad Spanish auction, bailout rumors, Greece’s downgrade by S&P), but euro slid by only 30 pips from the opening price. Daily technical pattern shows that euro will likely end up in red today. The pair may rest $1.3000 today, but we’ll stick to the correction scenario, unless the pair slides below this psychological level. Chart. H4 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/2012-12-06/20504-eurusd-downward-correction Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 6, 2012 Author Share Posted December 6, 2012 Market Analytics:FBS Markets Inc. RBS: get ready to sell EUR/GBP Analysts at RBS recommend watching EUR/GBP today and tomorrow getting ready to enter the market next week with a short position. One should watch if the reversal candle is formed on the weekly chart. Resistance is situated in the 0.8156/62 area, so RBS recommends placing stops above this area on a weekly close basis and target 0.7757. Chart. Weekly EUR/GBP 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/2012-12-06/20509-rbs-get-ready-sell-eurgbp Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 6, 2012 Author Share Posted December 6, 2012 Market Analytics:FBS Markets Inc. USD/CHF: wait for the range to break USD/CHF keeps consolidating in the 0.9300/9240 area. Today’s trading range is even narrower (0.9280/55). Commerzbank is long USD/CHF at 0.9264 with stop at 0.9215 and target of 0.9500. UBS, on the other hand remains bearish. We recommend staying pat until the range is breached. Tomorrow’s NFP release in the US (13:30 GMT) may finally shake the market and provide the necessary driver to either side. Resistance: 0.9300, 0.9350 (55-day MA), 0.9420 (200-day MA). Support: 0.9240, 0.9125, 0.9180, 0.9100. Chart. Daily 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/2012-12-06/20512-usdchf-wait-range-break Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 7, 2012 Author Share Posted December 7, 2012 Market Analytics:FBS Markets Inc. Dec. 7: Asian session Asian shares touched fresh 16-month highs on the optimism about China’s economic data which are released next week. All eyes today are on US nonfarm payrolls data (13:30 GMT): the markets look forward to weaker reading and more easing from the Fed – that will be negative for the greenback. AUD/USD is once again trading below $1.0485 after yesterday it tested the levels above this resistance ($1.0515). NZD/USD is moving sideways on H1 chart above $0.8300, below yesterday’s peak ($0.8348). EUR/USD is trading slightly above $1.2950 after yesterday’s sharp drop on Mario Draghi’s comments during the ECB press conference. Draghi pulled euro down by lowering GDP forecasts and hinting at possible rate cuts. Today Mario Draghi will deliver another speech at 10:00 GMT – investors will search out additional dovish signs. There is a piece of worrisome news from Italy: on Thursday Silvio Berlusconi's People of Freedom party withdrew its support for Prime Minister Mario Monti, raising the risk of a snap election. Yen weakened versus the majority of its counterparts on speculation the Bank of Japan will boost monetary easing to counter the nation’s drop into an economic recession: Japan will release revised Q3 GDP on Dec. 10 and economists expect that a 0.9% q/q contraction will be confirmed. USD/JPY rose to 82.56, but then eased down to 82.40. USD/CHF rose by about 60 pips yesterday fixing above 0.9300 after the ECB press conference. GBP/USD retraced to $1.6050 after having tested $1.6040 yesterday (55-day MA). Watch the UK consumer inflation expectations and industrial production data at 09:30 GMT. USD/CAD is consolidating around 0.9910. Bulls remain indecisive for a second day in a row: yesterday the pair formed a long-legged doji candle. The pair is cramped between the 100- and 55 day MAs. Canada will release important labor market data at 13:30 GMT. 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/2012-12-07/20514-dec-7-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 7, 2012 Author Share Posted December 7, 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). Here are the key options expiring today: EUR/USD: $1.2900, $1.2975, $1.3000, $1.3010, $1.3080, $1.3100; GBP/USD: $1.6100; USD/JPY: 81.50, 82.00, 82.25, 82.30, 82.50, 82.65, 83.00; AUD/USD: $1.0400, $1.0420, $1.0450, $1.0500, $1.0520; USD/CAD: 0.9920; EUR/JPY: 107.00. 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/2012-12-07/20516-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 7, 2012 Author Share Posted December 7, 2012 Market Analytics:FBS Markets Inc. GBP/USD may resume the uptrend GBP/USD is trading around $1.6040. Demand for risky currencies was slashed by the ECB Draghi's comments. On Thursday cable dropped from monthly highs of $1.6130 and broke below the important $1.6070 support (recent resistance, 50% Fibo). The pair stopped slightly above the upper boundary of a bearish channel, 55-day MA and lower boundary of a daily Ichimoku ($1.6040/30). We remain bullish on GBP/USD above $1.6030. US NFP release at 13:30 GMT may influence the sterling. Negative figure could form a pin on a downside, but later the cable is likely to resume the uptrend. Positive figure would support the greenback - however, this is very unlikely. Watch the UK consumer inflation expectations and industrial production data at 09:30 GMT. Resistance: $1.6070, $1.6130, $1.6200 Support: $1.6030, $1.6000, $1.5990, $1.5960 Chart. H4 GBP/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/2012-12-07/20520-gbpusd-may-resume-uptrend Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 7, 2012 Author Share Posted December 7, 2012 Market Analytics:FBS Markets Inc. USD/CHF: breakthrough to the upside USD/CHF finally broke out of 0.9300/9240 area and rose to 0.9350 (55-day MA), where it found some resistance. Analysts at Commerzbank expect US dollar to continue recovering. Above 0.9350 the pair will target 0.9420 (200-day MA, top of the Ichimoku Cloud at H4) and eventually retest 0.9505/13. Chart. Daily 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/2012-12-07/20524-usdchf-breakthrough-upside Quote Link to comment Share on other sites More sharing options...
internationallove Posted December 10, 2012 Author Share Posted December 10, 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). Here are the key options expiring today: EUR/USD: $1.2800, $1.2885, $1.2900, $1.3000, $1.3050, $1.3055; GBP/USD: $1.6000, $1.6200; USD/JPY: 82.20, 82.70, 83.00, 83.50; AUD/USD: $1.0435, $1.0450, $1.0465, $1.0525; EUR/JPY: 105.95, 106.75; EUR/GBP: 0.8185. 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/2012-12-10/20534-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
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