internationallove Posted July 1, 2013 Author Share Posted July 1, 2013 Market Analytics:FBS Markets Inc. July 1-5: week ahead Let's have a quick glance on the main economic events of the coming week, that are likely to influence the 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://fxbazooka.com/en/news/show/199 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 3, 2013 Author Share Posted July 3, 2013 Market Analytics:FBS Markets Inc. FBS monthly report: July prospects In June US Fed Governor Ben Bernanke surprised the financial markets by saying that the regulator may start tapering QE3 later this year in case if the economy and employment grow in line with expectations. Investors' suspiсions had finally been confirmed, but the uncertainty persists: in July traders will continue closely watching the US figures as they will be the key drivers for the major currency pairs. Currency pairs As you can see from the table below, in June the US dollar weakened versus the euro, pound, Japanese yen and Swiss franc, while Australian and New Zealand dollars remained under pressure. According to the latest CFTC report, the value of USD net long positions kept on falling, having declined from $14.6 bln on June 18 to $13.3 bln on June 25. EUR/USD: long-awaited reversal In early June EUR/USD extended its May rally. ECB meeting on June 6 gave some confidence to the euro bulls: policy remained unchanged, and Mario Draghi noted the general improvement of the macroeconomic background over the recent months. June euro zone’s statistics had also been promising. Mr. Draghi, however, keeps talking about the downside risks in the economy and underlining that the policy will remain loose as long as needed. Investors were trying to guess how high the euro can go. Fed’s Ben Bernanke answered all the questions on June 19 by saying that the US QE3 program can be tapered in the next year. As a result, the pair reversed from $1.3415 (2011-2013 resistance) and entered the downward trend. At the end of June EUR/USD tested the levels below the $1.3000 mark (around 61.8% Fibonacci), having fallen by 400 pips. Downside revision of the US Q1 GDP on June 26 made the market doubt on the terms of US policy tightening, but the medium-term euro prospects remain clearly bearish. Clear fix below the $1.3000 support will open the way to our $1.2750 target (200-month MA, March and April lows). Pay attention to the $1.2950 (June minimum) and $1.2800 support. The pair needs to return above $1.3400 in order to resume the uptrend, but in current conditions it looks very unlikely. Chart. Weekly EUR/USD GBP/USD: rally is over The June dynamics of GBP/USD has a lot in common with the dynamics of EUR/USD. At the beginning of the month cable extended its May rally, testing $1.5750 on June 17 (61.8% Fibo from the 2012-2013 decline). However, the Fed’s June 19 meeting had also impacted the pound, reversing it to the downside. Bank of England also met on June 19: despite the Mervin King’s calls for easing, policy remained unchanged. As a result, cable dropped by more than 500 pips, testing the levels below $1.5200. On the week of June 16-22 the pair formed a strong “bearish engulfing” candle, and the next week closed with a bearish gap. On a monthly chart one may see a small candle with a long upper shadow, reflecting the buyers’ uncertainty. Great Britain keeps publishing upbeat statistics, but the combination of expectations of the US QE tapering and the policy easing by the coming BoE Governor Marc Carney are speaking in favor of sales. British financial stability report, released in the end of June, shows that UK financial situation remains unstable because of a sluggish global recovery and euro zone’s problems. We remain bearish on the pair. A clear fix below $1.5200 (23.6% Fibo) opens the way to $1.5000 and even lower. The next bearish target lies at $1.4830. We will consider all rebounds as corrective as long as the $1.5600 resistance holds. Chart. Weekly GPB/USD USD/JPY: down and up USD/JPY has finished June on the downside. However, it’s worth pointing out that after testing 93.78 on June 13 by the end of the month the greenback managed to rebound and return to the levels above 100-month MA in the 98.00 area. The next obstacle for the bulls lies at the 100.00 handle. Only a convincing break above this level will allow the pair to return to May highs in the 103.70 zone. Important support is found at 97.00/96.70, 93.60 (38.2% Fibo of the advance from September to May) and 90.50 (50% Fibo). At the beginning of the month many experts were starting to voice disappointment with ‘Abenomics’ or, in other words, economic policy of Prime Minister Shinzo Abe. However, the ruling party has managed to strengthen its position and win Tokyo elections. In addition, industrial production and retail sales data came significantly above forecasts, while inflation didn’t decline. We expect continuation of the downtrend, though growth will be much slower than it was before May. Chart. Weekly USD/JPY AUD/USD: discouraging prospects Aussie kept falling in the first summer month. The fall of AUD/USD has slowed in comparison with May and we’ve seen occasional corrections up. At the same time, the pair has settled below the reversal area of $0.9400/9388 where one can find 2009 and 2010 highs and 2011 low, so the prospects of Australian currency remain bearish. Support lies at $0.9140 (38.2% Fibo of the advance in 2008-2011) and $0.9000. The decline below the latter will bring the pair down to $0.8850 (100-months MA) and $0.8700. At the beginning of July we expect short squeeze as Aussie’s oversold, but the currency will be very vulnerable for selling on the advance to $0.9400/9600. The Reserve Bank of Australia left its benchmark interest rate on hold at 2.75% on July 2 and kept dovish tone. Aussie’s affected by the slowdown in Chinese manufacturing activity and the decline in commodity prices. The change in the nation’s government also didn’t increase AUD attractiveness. Chart. Weekly AUD/USD Prepaired by FBS analysts Elizaveta Belugina and Kira Iukhtenko 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! More news and analytics here >>Welcome to FXBazooka.com<<[/center] Comment here: http://fxbazooka.com/en/news/show/205 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 3, 2013 Author Share Posted July 3, 2013 Market Analytics:FBS Markets Inc. July 2: currency review The Dollar Index rose to the maximal level in a month before a report forecast to show American companies added more jobs in June. Today in the US watch for the ADP employment report (12:15 GMT), unemployment claims and trade balance (12:30 GMT) and ISM services PMI (14:00 GMT). EUR/USD breached $1.3000 yesterday and is little changed today trading in the $1.2970 area. Euro feels weak ahead of the ECB’s meeting scheduled on tomorrow. Spain and Italy will release services PMIs at 07:15 and 07:45 GMT. GBP/USD fell below $1.5200 on Monday and is little changed today trading in the $1.5150 zone. UK is to publish services PMI at 08:30 GMT. USD/JPY extends the upside, touching a new monthly high of 100.85. USD/CHF is consolidating a bit above 0.9500 following the yesterday’s growth to 0.9530. AUD/USD tried to rally early in the day, capped at $0.9200, but reversed down, touching a fresh low of $0.9095 following the RBA head’s Stevens dovish speech. According to him, “a flexible exchange rate is an important part of adjustment over all phases of the cycle and it remains a major advantage that RBA has. If the economy ‘needs’ a lower exchange rate, it will probably get it”. Australia released a bunch of data today, including new home sales (+1.6% m/m vs. +3.9% prior), retail sales (+0.1% vs. prior -0.1%) and trade balance for May (+670M vs. expected +53M and prior 171M). NZD/USD declined to $0.7730. China released service PMIs today: official June figure came lower at 53.9 vs. 54.3 prior, while HSBC services PMI remains lower (51.3 vs. 51.2 in May). USD/CAD is trading around 1.0540 after reaching 1.0577, the highest level since October 2011. Pay attention to the publication of Canada’s trade balance at 12:30 GMT. - See more at: http://www.fbs.com/analytics/2013-07-03/23040-july-2-currency-review#sthash.kp0frCLl.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-03/23040-july-2-currency-review Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 4, 2013 Author Share Posted July 4, 2013 Market Analytics:FBS Markets Inc. July 4: currency review The Dollar Index remained lower after declining yesterday from a 1-month high ahead of a US payrolls report on Friday that may help signal whether the economy is strong enough for the Fed to start tapering bond purchases. EUR/USD is trading just below $1.3000. Yesterday the pair tested $1.2923, but managed to close above $1.30. Euro traded 0.6% from its weakest in more than a month before the ECB meets today following recent comments from President Mario Draghi that monetary policy will stay accommodative. EUR/JPY falls for the second day as Portugal’s 10-year bonds slumped with the yields climbing above 8% for the first time since November and 2 of the nation’s ministers resigned, reigniting concern Europe’s sovereign-debt crisis is worsening. GBP/USD declined to the $1.5250 area after it bounced to $1.5300 yesterday on the upbeat services PMI. The Bank of England is expected to leave policy unchanged. It’s the first meeting for Mark Carney as the head of British central bank. USD/JPY is consolidating below the 100 mark following the yesterday’s rise to 100.85. According to the Bank of Japan’s governor Kuroda, the regulator will continue easing until 2% CPI growth becomes stable. The economy is on track to meet the central bank’s projection of a moderate recovery in a half of a year. USD/CHF attempts to rebound, but is trading slightly below $0.9500, down from the recent $0.9530 highs. AUD/USD rebounded from the yesterday’s low of $0.9040 to $0.9130. Aussie was supported as RBA deputy governor Lowe said that yesterday’s Stevens’ words were much less dovish than the market interpreted. NZD/USD is consolidating around $0.7780. USD/CAD once again started the day in the 1.0500 zone. On the upside the pair remains below Tuesday’s high at 1.0577, the maximal level since October 2011. - See more at: http://www.fbs.com/analytics/2013-07-04/23041-july-4-currency-review#sthash.VuXnLdX9.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-04/23041-july-4-currency-review Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 5, 2013 Author Share Posted July 5, 2013 Market Analytics:FBS Markets Inc. July 5: currency review US dollar strengthened versus most of its counterparts this week ahead of a US non-farm payrolls report today (12:30 GMT) that may show companies added enough jobs to lower the unemployment rate preparing the ground for the Fed to curb stimulus. EUR/USD is trading in the $1.2900 area after falling from levels above $1.3000 yesterday. GBP/USD closed below $1.5100 yesterday and is now trading in the $1.5040 zone. Euro and pound slid as the ECB President Mario Draghi and the Bank of England Governor Carney signaled they will keep interest rates at record lows. Watch German factory orders at 10:00 GMT. Portugal’s benchmark 10-year bonds fell back by 25 basis points to 7.22%. The nation’s Prime Minister Pedro Passos Coelho said yesterday his government will have the support of the foreign affairs minister’s party after the latter resigned from his post. USD/JPY recovered to 100.45 and is trading a bit below this level as of writing. USD/CHF was a bшg mover yesterday, jumping from 0.9450 to 0.9585. On Friday the pair remains in the positive territory, but a bit below Thursday’s high. Yesterday’s AUD/USD attempt to rebound from the Wednesday low of $0.9040 was capped at $0.9180. On Friday the pair is trading lower around $0.9130. Australian performance of AIG construction index showed improvement, but remains below 50 (as well as AIG manufacturing and service, released earlier in the week). NZD/USD rebounded to $0.7860 on Thursday and today is consolidating lower around the $0.7800 mark. According to New Zealand finance minister English, the government is on track to return to surplus in 2014/15. USD/CAD is on the upside, around 1.0525. Canada will also release employment data at 12:30 GMT and Ivey PMI at 14:00 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://fxbazooka.com/en/news/show/213 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 8, 2013 Author Share Posted July 8, 2013 Market Analytics:FBS Markets Inc. EUR/USD: Elliot wave analysis Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z]. EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail. Chart. Monthly EUR/USD Daily. The marking looks pretty. The pair has finished forming the wave ( and we’re currently witnessing a downside impulse in the wave (с) of [2]. This week we’ll likely see a decline. The market’s now good for trading. Chart. Daily EUR/USD H4. On H4 you may see that the marking has started forming the wave [3] which is usually the most rapid and powerful of the impulse. In the near term we expect the fall to continue. Chart. H4 EUR/USD Roman Petuchov for FBS - See more at: http://www.fbs.com/analytics/2013-07-08/23054-eurusd-elliot-wave-analysis#sthash.pDn60H7M.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-08/23054-eurusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 8, 2013 Author Share Posted July 8, 2013 Market Analytics:FBS Markets Inc. USD/JPY: Elliot wave analysis Daily. The marking was adjusted by the upside impulse. The wave 1 is probably still in process of forming. In the near term we might see the price renewing highs. This week we expect growth to the previous high. - See more at: http://www.fbs.com/analytics/2013-07-08/23056-usdjpy-volnovoy-analiz#sthash.Niwej1vm.dpuf Chart. Daily USD/JPY H4. In the near term we expect the wave III to end. Then there will be a corrective wave IV which may take form of a flat market. - See more at: http://www.fbs.com/analytics/2013-07-08/23056-usdjpy-volnovoy-analiz#sthash.Niwej1vm.dpuf Chart. H4 USD/JPY H1. Marking on H1 shows that the wave (5) of [5] of III is close to an end. We’ll likely soon see the wave IV. - See more at: http://www.fbs.com/analytics/2013-07-08/23056-usdjpy-volnovoy-analiz#sthash.Niwej1vm.dpuf Chart. H1 USD/JPY Roman Petuchov for FBS - See more at: http://www.fbs.com/analytics/2013-07-08/23054-eurusd-elliot-wave-analysis#sthash.pDn60H7M.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-08/23056-usdjpy-volnovoy-analiz Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 10, 2013 Author Share Posted July 10, 2013 Market Analytics:FBS Markets Inc. July 10: Asian session EUR/USD is trading near 3-month low at $1.2755 hit on Tuesday. Euro has weakened this month amid speculation the ECB may add to stimulus while the Fed tightens policy. The ECB Executive-Board member Joerg Asmussen speaks today after yesterday he said that the central bank’s policy will remain accommodative for an extended period. Later today the FOMC will release its last meeting minutes (18:00 GMT) and the Fed’s Chairman Ben Bernanke is due to speak on economic policy at 20:10 GMT. In Europe pay attention to French industrial production (06:45 GMT). USD/JPY dropped to 100.40, breaking through the 100.80 support. Japan is scheduled to release core machinery orders tonight. Japan tertiary industry activity index for May rose by 1.2% m/m vs. expected 0.7% rise. GBP/USD is trading in the $1.4900 area after hitting $1.4813 yesterday on grim industrial data. USD/CHF is consolidating slightly below the yesterday’s high of 0.9750. AUD/USD extends the upside for a third consecutive day despite the downbeat data, recovering to $0.9220. Australia Westpac consumer sentiment fell by 0.1% in July (June: +4.7%). RBA assistant Governor Debelle is scheduled to speak in Sydney at 7:30 GMT. NZD/USD strengthened to $0.7875. According to NZ finance minister English, the economy is gaining momentum, so interst rate will rise “not if, but when”. The Chinese trade data below expectations ($27.1B vs. forecasted $27.8) did not affect AUD and NZD significantly. USD/CAD slid to the levels just above 1.0500. The pair’s declining for the third day in a row. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://fxbazooka.com/en/news/show/228 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 10, 2013 Author Share Posted July 10, 2013 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 (14:00 GMT). Here are the key options expiring today: EUR/USD: $1.2770, $1.2800, $1.2825, $1.3000, $1.3120; GBP/USD: $1.4825, $1.4850, $1.4875, $1.5000; USD/JPY: 98.00, 98.50, 98.90, 99.00, 99.75, 100.50, 101.00, 101.50, 102.00, 104.05; USD/CHF: 0.9500, 0.9600; AUD/USD: 0.8900, 0.9050, 0.9250; USD/CAD: 1.0550, 1.0560; EUR/CHF: 1.2370, 1.2450; AUD/JPY: 92.75; EUR/JPY: 131.00. 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://fxbazooka.com/en/news/show/230 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 11, 2013 Author Share Posted July 11, 2013 Market Analytics:FBS Markets Inc. July 11: Asian session USD plummeted versus all major counterparts as the yesterday’s FOMC meeting minutes and Ben Bernanke’s words have put the highly anticipated QE tapering under question. According to Bernanke, the unemployment rate understates weakness in employment market. “Highly accommodative monetary policy for the foreseeable future is what’s needed in the U.S. economy”, he said. As a result, EUR/USD surged by 400 pips in two days, touching $1.3205. As of writing the pair edged lower below $1.3100. GBP/USD jumped from $1.4900 to $1.5190 before returning to $1.5110. USD/CAD dropped to $1.0350. USD/CHF fell to 0.9400 before returning to 0.9480. AUD/USD strengthened to $0.9310. Australia released contradictory employment data: employment rose by +10.3K (vs. expected flat at 0.0), while unemployment rate increased to 5.7% (vs. expected 5.6%). NZD/USD rose to $0.7970. USD/JPY fell by 300 pips in two days, touching 98.20. The pair has recovered to 98.90 as of writing. Bank of Japan left its monetary policy unchanged on today’s meeting, but upgraded the assessment of its economy. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/235 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 12, 2013 Author Share Posted July 12, 2013 Market Analytics:FBS Markets Inc. July 12: Asian session US dollar headed for a weekly decline versus most of its major counterparts as comments from Federal Reserve policy makers caused investors to push out expectations for when the central bank will reduce stimulus. St. Louis Fed President James Bullard is due to speak today at 17:00 GMT. EUR/USD declined to $1.3070 after peaking to $1.3206 yesterday. Watch the euro area’s industrial production data at 09:00 GMT (a 0.2% decline is expected). S&P revised Irish sovereign credit rating forecast up from stable to positive. GBP/USD slid to $1.5170 after peaking to $1.5221 yesterday. USD/JPY is consolidating around 99.00, having formed a clear triangle on the hourly chart. USD/CHF strengthened by 20 pips to 0.9480. Yesterday the pair touched a low at 0.9400, but later rebounded to 0.9460. AUD/USD is consolidating around the daily highs of $0.9180 after having touched $0.9135 earlier in the day. Australia May home loans for came at +1.8% m/m (vs. expected +2.2%). Yesterday the pair formed a long-shadowed candle, closing at $0.9185. NZD/USD is quietly trading in the positive territory around $0.7860 after the yesterday’s highly volatile trade. USD/CAD is trading in the 1.0360 area after hitting $1.0325 yesterday. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/237 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 15, 2013 Author Share Posted July 15, 2013 Market Analytics:FBS Markets Inc. GBP/USD: Elliot wave analysis Weekly. On the weekly chart there’s a global Zigzag A-B-C. The pair keeps forming the wave С which aims at the level 1.1 where the pair was last seen in 1985. - See more at: http://www.fbs.com/analytics/2013-07-15/23080-gbpusd-elliot-wave-analysis#sthash.wFvV77r8.dpuf Chart. Weekly GBP/USD H12. The pair has finished impulse (I) and is now forming a rising wave (II). Let’s examine its structure in detail. - See more at: http://www.fbs.com/analytics/2013-07-15/23080-gbpusd-elliot-wave-analysis#sthash.wFvV77r8.dpuf Chart. H12 GBP/USD H4. The second wave may be taking form of the a-b-c Zigzag. At the moment pound keeps forming corrective wave b of this Zigzag. After this upside movement will resume. - See more at: http://www.fbs.com/analytics/2013-07-15/23080-gbpusd-elliot-wave-analysis#sthash.wFvV77r8.dpuf Chart. H4 GBP/USD Roman Petuchov for FBS 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-15/23080-gbpusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 15, 2013 Author Share Posted July 15, 2013 Market Analytics:FBS Markets Inc. EUR/USD: Elliot wave analysis Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z]. EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail. - See more at: http://www.fbs.com/analytics/2013-07-15/23079-eurusd-elliot-wave-analysis#sthash.6I9sWDpN.dpuf Chart. Monthly EUR/USD Daily. The single currency keeps forming impulse wave (С). At the moment we see the formation of the rising corrective wave II. When it’s finished, the downtrend will resume. - See more at: http://www.fbs.com/analytics/2013-07-15/23079-eurusd-elliot-wave-analysis#sthash.6I9sWDpN.dpuf Chart. Daily EUR/USD H4. The wave II is probably taking a form of an upward Zigzag. Strong and rapid wave [A] of this Zigzag is already formed. Taking into account the strength of the wave [A], the wave may take a form of the long horizontal correction. The market will likely keep forming this wave during the whole week. - See more at: http://www.fbs.com/analytics/2013-07-15/23079-eurusd-elliot-wave-analysis#sthash.6I9sWDpN.dpuf Chart. H4 EUR/USD Roman Petuchov for FBS 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-15/23079-eurusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 16, 2013 Author Share Posted July 16, 2013 Market Analytics:FBS Markets Inc. July 16: Asian session Investors pared bets on gains in the greenback before the Fed’s Chairman Ben Bernanke testifies to Congress this week. EUR/USD edged a bit higher to $1.3070. Yesterday the single currency tested levels below $1.3000, but managed to close around $1.3060. Euro’s supported before German data forecast to show investor sentiment in Europe’s biggest economy improved. GBP/USD is just above $1.5100 after it tested $1.5027 yesterday. UK will release inflation data today at 08:30 GMT – CPI growth is expected to accelerate from 2.7% to 3.0%. US CPI will come out at 12:30 GMT. USD/JPY is consolidating around 99.75, edging lower from the yesterday’s high of 100.50. Japan finance minister Aso repeated today that the weaker yen supports the exporters. USD/CHF keeps consolidating around 0.9475. AUD/USD is a big mover in the Asian session, strengthening by 100 pips to $0.9190. The Reserve Bank of Australia’s meeting minutes, released today, showed the RBA sees the current policy appropriate with a scope for further easing. NZD/USD rose to $0.7840. New Zealand Q2 CPI rose by 0.2% q/q (vs. +0.3% expected) and by 0.7% y/y (vs. +0.8% expected). CPI remains below the RBNZ’s 1-3% target range. USD/CAD is little changed today, in the $1.0430 area after adding 40 pips yesterday. Today’s article in China Securities Journal says that China can tolerate slower economic growth in order to get structural adjustment. It is also stated that the current levels of growth are ‘significantly’ above the growth floor. Meanwhile, Asian Development Bank has cut China 2013 forecast by 0.5% to 7.7% and 2014 forecast to 7.5%. - See more at: http://www.fbs.com/analytics/2013-07-16/23082-july-16-currency-review#sthash.He8wDIAW.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-16/23082-july-16-currency-review Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 17, 2013 Author Share Posted July 17, 2013 Market Analytics:FBS Markets Inc. July 17: Asian session US dollar rose against a majority of its peers with the Fed’s Chairman Ben Bernanke due to testify to Congress today at 14:00 GMT. Bernanke’s prepared remarks for his congressional appearance will be released at 12:30 GMT. In addition, the central bank will release Beige book (18:00 GMT), a report on the current economic conditions. Also watch American housing data due today at 12:30 GMT. EUR/USD is correcting a bit down after it rose to $1.3174 yesterday. In Europe Germany will sell 10-year debt today. GBP/USD opened around $1.5160, but then moved closer to $1.5100. UK will release unemployment data today at 08:30 GMT and the results of the MPC’s vote on the benchmark rate and asset purchase facility. USD/JPY strengthened to 99.55. The Bank of Japan’s June meeting minutes showed the members see the Japan’s economy to return to moderate recovery path. USD/CHF recovered from the yesterday’s low of 0.9380 to 0.9415. USD/CAD rose from 1.0363 to 1.0390. The Bank of Canada is meeting today and is expected to keep the benchmark interest rate unchanged at 1%. The BOC will conduct press conference at 15:15 GMT. AUD/USD slipped from the yesterday’s high of $0.9260 to $0.9230. NZD/USD declined to $0.7875. The currencies are drifting a bit lower on ahead of the today’s Bernanke testimony. Data showed China FDI for June rose by 20.1% y/y (vs. +0.7% expected and +0.3% in May). - See more at: http://www.fbs.com/analytics/2013-07-17/23084-july-17-currency-review#sthash.FsrY4RNC.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-17/23084-july-17-currency-review Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 19, 2013 Author Share Posted July 19, 2013 Market Analytics:FBS Markets Inc. July 19: USD is down on the Fed Moody’s Investors Service revised US Aaa credit-rating outlook from negative to stable saying that the government’s debt trajectory has steadied with budget deficits narrowing. The world’s stock markets extended their rally on Thursday, with major U.S. indexes hitting all-time highs as the Fed again reassured investors that it was flexible on the timing for ending its stimulus program. EUR/USD rose to $1.3150 after testing $1.3066 yesterday. Germany will release producer price index at 06:00 GMT. The pair may be also driven today by the dynamics of stocks and bonds. GBP/USD is trading on the upside fluctuating in the $1.5200/50 area. The UK will release public sector net borrowing data at 08:30 GMT. USD/JPY dropped by 100 pips to 99.80, but later recovered to 100.00. Yen strengthened ahead of the forthcoming BoJ elections on Sunday. USD/CHF fell to 0.9415. AUD/USD and NZD/USD are trading in the narrow positive ranges on Friday. Aussie rose to $0.9190, while kiwi – to $0.7910. USD/CAD slid to 1.0360. Watch for Canadian inflation figures at 12:30 GMT. - See more at: http://www.fbs.com/analytics/2013-07-19/23090-july-19-usd-down-fed#sthash.7sMOr8oR.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-19/23090-july-19-usd-down-fed Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 22, 2013 Author Share Posted July 22, 2013 Market Analytics:FBS Markets Inc. July 22: after Japanese elections US dollar has weakened versus the most of its counterparts. EUR/USD rose from $1.3135 today, but was capped by the $1.3170 area. GBP/USD edged up almost reaching $1.5200. There are no releases scheduled in the euro area and Britain on Monday. The market players are waiting for the UK BBA Mortgage approvals data at 08:30 GMT tomorrow. The US will publish existing home sales at 14:00 GMT. USD/JPY was a big mover in the Asian trade: the pair opened at 100.40, rose to 100.60 and then plummeted to 99.60. As of writing, the pair recovered to 100.00. Yen initially strengthened as Japan’s ruling party failed to win an independent majority in upper-house elections. USD/CHF dipped to 0.9385 before recovering to 0.9400. AUD/USD opened the week with a gap down at $0.9180 and strengthened to $0.9230. According to the Australian press, the Treasury is expected to revise down Australia’s forecast growth rate, and to make upward revision to the budget deficit. NZD/USD rose to $0.7940. USD/CAD slid to 1.0350. - See more at: http://www.fbs.com/analytics/2013-07-22/23093-july-22-after-japanese-elections#sthash.XeGs6zeT.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-22/23093-july-22-after-japanese-elections Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 22, 2013 Author Share Posted July 22, 2013 Market Analytics:FBS Markets Inc. EUR/USD: Elliot wave analysis Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z]. EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail. Chart. Monthly EUR/USD Daily. The pair keeps forming corrective wave II in line with our forecast. Chart. Daily EUR/USD H4. The wave II is probably taking a form of an upward Zigzag. Euro’s currently forming the wave of this Zigzag. In the next few days we’ll likely see the continuation of this wave and the upside move will resume in the wave . Chart. H4 EUR/USD Roman Petuchov for FBS - See more at: http://www.fbs.com/analytics/2013-07-22/23096-eurusd-elliot-wave-analysis#sthash.1xk7sXrT.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-22/23096-eurusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 22, 2013 Author Share Posted July 22, 2013 Market Analytics:FBS Markets Inc. USD/JPY: Elliot wave analysis Daily. Wave 1 of the rising wedge is close to an end. Chart. Daily USD/JPY H4. We are probably witnessing the wave IV of the final rising impulse wave (V). Chart. H4 USD/JPY H1. The detailed marking on H1 shows the pair’s at a complicated area of the marking. We have adopted an assumption that the wave IV is taking the form of the double Zigzag. If this assumption turns out to be correct, in the near term we’ll see a decline in the wave [Y] of IV as it’s shown on the picture. Сhart. H1 USD/JPY Roman Petuchov for FBS - See more at: http://www.fbs.com/analytics/2013-07-22/23100-usdjpy-elliot-wave-analysis#sthash.hRlKKE6F.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<<[/center] Comment here: http://www.fbs.com/analytics/2013-07-22/23100-usdjpy-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 22, 2013 Author Share Posted July 22, 2013 Market Analytics:FBS Markets Inc. AUD/USD: Elliot wave analysis Weekly. The pair keeps forming the wave III of the downside impulse. This wave looks powerful, stretched and rapid – just as it has to be. Chart. Weekly AUD/USD Daily. The marking on the daily chart shows that the pair keeps forming the wave [3] of III. C hart. Daily AUD/USD H8. In line with our forecast Aussie has formed the wave (4) of [3] of III. When this wave is complete, the decline in the wave (5) will resume. The decline will probably last during the whole week. Chart. H8 AUD/USD Roman Petuchov for FBS - See more at: http://www.fbs.com/analytics/2013-07-22/23101-audusd-elliot-wave-analysis#sthash.7IsdTQPZ.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-22/23101-audusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 23, 2013 Author Share Posted July 23, 2013 Market Analytics:FBS Markets Inc. July 23: USD after lower data UD dollar weakened yesterday as data showed residential sales unexpectedly fell. Today America will release home prices and Richmond manufacturing index at 13:00 and 14:00 GMT respectively. EUR/USD tested levels above $1.3200 both yesterday and today. However, on Monday euro didn’t manage to close above this handle and finished the day at $1.3184 after reaching $1.3218. Today the single currency visited $1.3207, but then retreated to $1.3290. Demand for EUR is supported ahead of data tomorrow forecast to show services and factory output in the region contracted at the slowest pace in more than a year. GBP/USD is little changed in the $1.5360 area after adding almost 100 pips yesterday. Watch BBA mortgage approvals at 08:30 GMT. USD/JPY returned to 99.50 after a dip to 99.15. According to the BoJ governor Kuroda, the yen is weak because of differing Fed and BoJ policies, and that the Japanese regulator would continue its easing stance. USD/CHF is consolidating around 0.9360. AUD/USD rose to $0.9290 in the Asian trade, but then corrected lower to $0.9260. NZD/USD tested the levels above $0.8000. According to the New Zealand prime minister Key, the country is on track to budget surplus in 2014/15 and the government is planning to cut net debt to 20% of GDP by 2020. USD/CAD found support at 1.0321 after sliding from 1.0360 yesterday. Canada will release retail sales at 12:30 GMT. - See more at: http://www.fbs.com/analytics/2013-07-23/23109-july-23-usd-after-lower-data#sthash.wWZiLbZh.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-23/23109-july-23-usd-after-lower-data Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 23, 2013 Author Share Posted July 23, 2013 Market Analytics:FBS Markets Inc. July 23: USD after lower data UD dollar weakened yesterday as data showed residential sales unexpectedly fell. Today America will release home prices and Richmond manufacturing index at 13:00 and 14:00 GMT respectively. EUR/USD tested levels above $1.3200 both yesterday and today. However, on Monday euro didn’t manage to close above this handle and finished the day at $1.3184 after reaching $1.3218. Today the single currency visited $1.3207, but then retreated to $1.3290. Demand for EUR is supported ahead of data tomorrow forecast to show services and factory output in the region contracted at the slowest pace in more than a year. GBP/USD is little changed in the $1.5360 area after adding almost 100 pips yesterday. Watch BBA mortgage approvals at 08:30 GMT. USD/JPY returned to 99.50 after a dip to 99.15. According to the BoJ governor Kuroda, the yen is weak because of differing Fed and BoJ policies, and that the Japanese regulator would continue its easing stance. USD/CHF is consolidating around 0.9360. AUD/USD rose to $0.9290 in the Asian trade, but then corrected lower to $0.9260. NZD/USD tested the levels above $0.8000. According to the New Zealand prime minister Key, the country is on track to budget surplus in 2014/15 and the government is planning to cut net debt to 20% of GDP by 2020. USD/CAD found support at 1.0321 after sliding from 1.0360 yesterday. Canada will release retail sales at 12:30 GMT. - See more at: http://www.fbs.com/analytics/2013-07-23/23109-july-23-usd-after-lower-data#sthash.wWZiLbZh.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-23/23109-july-23-usd-after-lower-data Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 24, 2013 Author Share Posted July 24, 2013 Market Analytics:FBS Markets Inc. July 24: Asian session EUR/USD is trading on the downside, just above $1.3200 after reaching $1.3280 yesterday. US dollar was weaker yesterday as lower US economic indicators bolstered the argument for the Fed to delay a reduction in QE. Euro was supported before data predicted to show services and factory output in the euro area contracted at the slowest pace in more than a year. Watch the releases at 07:00-08:00 GMT. GBP/USD is capped by the bottom of the daily Ichimoku Cloud at $1.5380. Chinese HSBC flash manufacturing PMI disappointed the Asian markets, coming below the forecast at 47.7 and hitting at 11-month low (forecast: 48.6, previous: 48.2). AUD/USD dropped from $0.9320 to $0.9240. Australia Q2 CPI came unchanged at +0.4% q/q (vs. expected +0.5%), while the core reading came a bit above the forecast. NZD/USD fell from the high of $0.8010 to $0.7950. New Zealand June trade balance improved to $414M (vs. $105M expected). Tonight RBNZ holds its monthly monetary policy meeting. USD/JPY strengthened by 40 pips to 99.90. Japan trade deficit for June rose to 180.8B yen (vs. expected is 155.7B). USD/CHF strengthened to 0.9360. USD/CAD recovered from 1-month low at 1.0280 to 1.0300. Canadian dollar strengthened yesterday after a report showed retail sales in May increased at the fastest pace in 3 years, fueling speculation the economy may be improving. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://fxbazooka.com/en/news/show/283 Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 25, 2013 Author Share Posted July 25, 2013 Market Analytics:FBS Markets Inc. July 25: ahead of UK GDP EUR/USD is trading on the upside in the $1.3215 area after it reached $1.3256 yesterday, but failed to hold there. On Wednesday firstly euro and then US dollar got support from encouraging manufacturing PMI data. Today in the euro area watch Spanish unemployment rate at 07:00 GMT, German Ifo business climate at 08:00 GMT (forecast: 106.3; previous: 105.9) and M3 money supply figures. Late today in the US don’t miss core durable goods orders and jobless claims at 12:30 GMT. GBP/USD is trading on the upside in the $1.5340 area. This week the pair’s capped by the levels below $1.5400. UK will release today at 08:30 GMT preliminary Q2 GDP growth (forecast: 0.6%; previous: 0.3%). USD/JPY is trading in the negative zone around 99.90, down from the yesterday’s high of 100.45. Later in the day Japan is scheduled to release Tokyo core CPI (forecast: + 0.3% y/y, previous: +0.2% y/y). The figure is expected to show improvement for a third month in a row, reaching the highest level since 2011. USD/CHF continues a range-bound trade around 0.9360. NZD/USD soared to $0.7990 as the Reserve Bank of New Zealand left its cash rate unchanged at 2.5%. The regulator expects to keep the rate low through to the end of 2013, but in future “the removal of monetary stimulus will likely be needed”. According to RBNZ Governor Wheeler, kiwi still remains overvalued. AUD/USD is consolidating around $0.9165 following the yesterday’s sharp drop to $0.9133. USD/CAD is once again trying to test levels below 1.0300. Yesterday the pair hit 1-month low at 1.0262, but then managed to close at 1.0309. - See more at: http://www.fbs.com/analytics/2013-07-25/23115-july-25-ahead-uk-gdp#sthash.m8iUoqM4.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-25/23115-july-25-ahead-uk-gdp Quote Link to comment Share on other sites More sharing options...
internationallove Posted July 29, 2013 Author Share Posted July 29, 2013 Market Analytics:FBS Markets Inc. July 29: expecting weaker US data Demand for US dollar is limited before a private report forecast to show sales of previously owned US homes fell (14:00 GMT) and the Fed starts a 2-day meeting tomorrow. EUR/USD is still capped by $1.3000. Traders await US data and guidance from European stocks before that. GBP/USD is constrained below $1.5400.The UK will release net lending to individuals data at 08:30 GMT and CBI realized sales at 10:00 GMT. USD/JPY is trading in the slightly negative zone around 97.90. Japan June retail sales disappointed the markets, contracting by 0.2% m/m (vs. +0.8% expected). USD/CHF holds around 0.9285. AUD/USD touched $0.9290, but then edged lower to $0.9255, staying almost flat. Tonight Australia is scheduled to release building approvals data; RBA governor Stevens delivers a speech. NZD/USD is consolidating around $0.8080. Data over the weekend showed China industrial profits increased by 6.3% y/y in June, slowing from +15.5% in May. USD/CAD is still holding above the 100-day MA at 1.0265. - See more at: http://www.fbs.com/analytics/2013-07-29/23118-july-26-expecting-weaker-us-data#sthash.QCgOO9a7.dpuf 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-07-29/23118-july-26-expecting-weaker-us-data Quote Link to comment Share on other sites More sharing options...
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