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internationallove

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internationallove

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Sep 3: RBA leaves policy unchanged

 

EUR/USD slipped to the $1.3175 support after having traded in a narrow range. The only important release to watch in the euro zone is the Spanish unemployment change (7:00 GMT). GBP/USD edged lower after having strengthened to $1.5560 in the Asian trade. Watch the UK construction PMI at 12:30 GMT (the index is forecasted to reach the highest level since 2010).

 

USD/JPY has reached 99.70 today before retreating to 99.50/45. Yesterday the pair closed well above the triangle seen on the daily chart. Yen weakened as signs of economic improvement across the globe damped demand for refuge assets while data from Japan signaled progress in the central bank’s easing efforts. USD/CHF has reached target at 0.9350.

 

AUD/USD is rising for the second day and is approaching $0.9070. The Reserve Bank of Australia left the benchmark rate at 2.5%. Aussie gained as the RBA omitted mention of further scope to ease monetary policy. Australian retail sales came lower than expected (+0.1% vs. +0.4%). The nation’s current account deficit widened from 8.7B to 9.4B. NZD/USD rose to resistance at $0.7840. Upside for USD/CAD remains capped by the 1.0560 resistance.

 


 

 

 


 

 

 

 

 

 

 

 

 

 

 

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Sep 5: central banks' day

 

US dollar steadied just below a 6-week high on Thursday ahead of central bank policy meetings in major economies and a crucial US jobs report that could make or break the case for a reduction in US stimulus this month (watch the release of ADP employment data at 12:15 GMT).

 

EUR/USD slipped to $1.3180 following the yesterday’s unsuccessful attempt to recover above $1.3200. The European stock markets closed in the positive territory yesterday. ECB minimum bid rate will be announced at 11:45 GMT. It will be followed by the Mario Draghi’s press conference at 12:30 GMT. GBP/USD is down to $1.5600 following the yesterday’s test of $1.5670. The BoE monetary policy decision will be announced at 11:00 GMT (no changes expected).

 

USD/JPY is trading on the upside for the fourth day. Today the pair has made another small step up and almost reached 100.00. Yen weakened as investors unwound their safe-haven buying spurred by concerns over US plans to attack Syria. The G20 summit starts today in Russia. Syrian problem is going to the focus there. The Bank of Japan left its policy unchanged saying that a moderate recovery is under way. USD/CHF rose to 0.9400.

 

USD/CAD is trading in the 1.0480/99 range. Yesterday the pair had a volatile day and has finally formed a strong bearish candle with a low at 1.0475. As expected, the Bank of Canada left the rated unchanged, but the overall tone of the policy statement was quite dovish. According to BoC Governor Poloz, the lack of investment has negative implications for growth in 2014 and will work to keep rates locked at 1.00%. The yesterday’s increased demand for the loonie can be explained by the overall risk-on sentiment.

 

AUD/USD retreated a bit to $0.9150 after yesterday it closed at $0.9170. Australian trade balance switched to deficit. NZD/USD slid a bit from the $0.7900 handle.

 


 

 


 

 

 

 

 

 

 

 

 

 

 

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Key currency options

 

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: $1.3060, $1.3065, $1.3100, $1.3175, $1.3200, $1.3250;

 

GBP/USD: $1.5450, $1.5500, $1.5700;

 

USD/JPY: 98.50, 98.85, 98.90, 99.00, 99.40, 99.50, 99.65, 100.00, 100.50;

 

AUD/USD: $0.9100;

 

USD/CAD: 1.0545;

 

EUR/JPY: 130.20 131.00;

 

EUR/GBP: 0.8475;

 

EUR/CHF: 1.2320 1.2360 1.2425;

 

AUD/JPY: 90.00.

 

 

 

flatline.jpg
 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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Sep 6: waiting for NFP

 

The focus today will be on the US labor market data due at 12:30 GMT. According to the forecasts, non-farm payrolls rose by 178K (previous: 162K). 

 

EUR/USD is trading a bit higher at $1.3130. Yesterday the pair dropped to $1.3105 on the ECB Draghi’s dovish comments. He said that the negative risks persist and the Bank discussed a rate cut this time. ECB has lowered its 2014 growth forecast despite the recent data improvements. All the European stock indices closed in the positive zone yesterday. Today Germany will release quite important figures: trade balance (6:00 GMT) and industrial production (10:00 GMT, forecast – negative).

 

GBP/USD recovered to $1.5610. Great Britain will release a bunch of important data at 8:30 GMT. Manufacturing production growth is expected to slow. USD/JPY closed above 100.00 yesterday, but then slid to 99.70. Yen strengthened as stocks declined and cautious Japanese exporters took the greenback’s advance as an opportunity to convert dollars to yen just in case the US payrolls data disappoint. USD/CHF is trading on small downside after it reached 0.9450. Switzerland will release inflation data today at 07:15 GMT.

 

AUD/USD found support around $0.9110, the 55-day MA. NZD/USD has once again recovered above $0.7900. USD/CAD dropped from 1.0515 to the 1.0480 support. Canada will release important labor market figures at 12:30 GMT, simultaneously with the US.

 


 


 

 

 

 

 

 

 

 

 

 

 

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Sep 9: USD corrects after Friday's fall

 

EUR/USD is consolidating in the $1.3160/80 range on Monday. On Friday euro managed to rebound from $1.3100, but as a whole the past week was once again negative for the pair. Cautious ECB’s view on the block’s economy and Fed tapering expectations keep pressuring the single currency. There are no important data releases scheduled for today. GBP/USD is trading a bit higher around $1.5640, but remains below the Friday’s peak at $1.5680.

 

USD/JPY opened with more than a 60-pip gap up after it lost about 100 pips on Friday. Yen fell as Tokyo’s winning bid to host the 2020 Olympics boosted optimism in Japanese Prime Minister Shinzo Abe’s package of fiscal and monetary policies which tend to debase the national currency. In addition, a report showed the nation’s economy expanded faster than initially estimated: GDP growth in Q2 was revised up from 0.6% to 0.9%. USD/CHF opened with a 10-pip gap up and is now consolidating around 0.9385. 

 

AUD/USD is trading just under $0.9200 after it tested $0.9167 earlier in Asia. Australian dollar remains close to a 3-week high as data showed China’s exports increased, boosting trade prospects. NZD/USD opened above $0.8000, but is now trading about 20 pips below this level. Kiwi’s correcting after it gained more than 100 pips on Friday. USD/CAD slipped back below the 1.0400 mark today. On Friday the pair formed a strong bearish candle with a low at 1.0380, but closed the day above 1.0400.

 

On Friday US dollar weakened versus its counterparts as US non-farm payrolls came lower than expected and the market has priced in a solid reading. The Fed is still expected to start tapering QE this month though.

 


 


 

 

 

 

 

 

 

 

 

 

 

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Sep 11: Obama's speech on Syria

 

EUR/USD has once again failed to rise above $1.3280 and edged lower into the $1.3250 area. On the data front today there is only the German final CPI at 6:00 GMT. GBP/USD is trading slightly below the $1.5745/50 resistance area. Cable is waiting for a bunch of the UK employment data at 8:30 GMT. Claimant count change is expected to improve in August, but at a slower pace than in July. Unemployment rate is forecasted to stay at 7.8%.

 

USD/JPY reached the 7-week high at 100.60 after US President Barack Obama called for a pause in authorizing military strikes on Syria as the market’s sentiment improved and demand for yen as a safe haven declined. USD/CHF is rising for the second day. Today the greenback’s trading at yesterday’s high in the 0.9365 area.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped by 0.2% after gaining 2.7% this week. AUD/USD rose on Tuesday to the top of the daily Ichimoku Cloud at $0.9318, the highest level since July, and is trading below this level at the moment of writing. NZD/USD closed yesterday above $0.8050. Today kiwi’s correcting down a bit, to $0.8040. The RBNZ will announce its interest rate decision at 21:00 GMT. USD/CAD recovered from the yesterday’s monthly low of 1.0345 to 1.0360.

 


 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

Key currency options

 

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: 1.3100, 1.3215, 1.3250, 1.3350;

 

GBP/USD: none;

 

USD/JPY: 99.50, 99.60, 100.00, 100.10, 100.50, 101.10;

 

USD/CHF: 0.9275;

 

AUD/USD: 0.9200, 0.9285, 0.9300;

 

USD/CAD: 1.0400;

 

NZD/USD: 0.7950;

 

EUR/GBP: 0.8400, 0.8405, 0.8420;

 

EUR/CHF: 1.2310;

 

EUR/JPY: 132.00;

 

EUR/AUD: 1.4375.

 

 

 

flatline.jpg
 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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Sep 12: US dollar has weakened

 

The greenback remained lower versus most of its major counterparts as traders speculated whether the US economy is strong enough for the Fed to consider a reduction in stimulus when they meet next week.

 

EUR/USD is consolidating above the $1.3300 mark. As for the data releases, today we have the ECB monthly bulletin (8:00 GMT) and industrial production (9:00 GMT). The ECB president Mario Draghi will speak in Latvia around 11:40 GMT – market will pay special attention to his comments. GBP/USD is consolidating around the yesterday’s high of $1.5830 (highest level since February 2013).  Great Britain will start the regular discussion on inflation at 9:00 GMT.

 

USD/JPY closed below the 100.00 handle yesterday after testing 100.60, the highest level since July 22. Today US dollar slid to 99.50. Asian shares halted a 10-day advance and Japan’s machinery orders stagnated. USD/CHF slid yesterday by about 40 pips to 0.9300 and is now trading little changed in this area.

 

AUD/USD slid from today’s high around $0.9350 to $0.9250. Aussie dropped after data showed the nation’s employers unexpectedly cut payrolls by 10.8K, while economists expected 0.2K. The nation’s unemployment rate rose to 5.8%. NZD/USD is trading on the upside for the fifth day in a row and has reached to $0.8150 today. New Zealand’s dollar climbed as the Reserve Bank of New Zealand signaled it may raise interest rates earlier than previously expected. USD/CAD has renewed a monthly low at 1.0305.

 


 

 

 


 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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Sep 16: a big opening gap

 

US dollar fell versus its major counterparts as former Treasury Secretary Lawrence Summers quitted the race the race to lead the Federal Reserve damping the expectations for an early halt to expansionary monetary policy. Fed Vice Chairman Janet Yellen, another potential candidate for the post, is considered to be more QE-friendly. In addition, the risk appetite improved as US and Russia agreed on framework to securing Syria’s chemical weapons by the middle of 2014.

 

EUR/USD is consolidating in the $1.3360/80 range after having opened the week with a 50-pips bullish gap. ECB president Mario Draghi is due to speak in Berlin today at 8:00 GMT – we’ll see if the risk-on sentiment persists after his comments. Market will also pay attention to the euro zone inflation data at 9:00 GMT. GBP/USD has also opened with a 50-pips gap up at $1.5930 and rose to $1.5960.

 

USD/JPY opened with a 55-pip gap down, but then recovered to 99.10 after closing at 99.23 on Friday. It’s a bank holiday in Japan today.  USD/CHF opened with more than 60-pip gap down and then rose to 0.9260. AUD/USD opened with an almost 80-pip gap up, then spiked to $0.9392, but then returned to the top of the Ichimoku Cloud in the $0.9320 area. NZD/USD opened with a 70-pip gap up, but then returned to the 200-day MA at $0.8180. USD/CAD has formed a relatively small bearish gap and was pressed to the 1.0300 mark.

 


 

 

 


 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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GBP/USD: Elliot wave analysis

 

Weekly. The pair keeps forming a global Zigzag with the wave B taking form of a horozontal triangle. The wave of C has probable ended and now we are witnessing the formation of the corrective wave [iI].

 


gbpusd1.jpg

Chart. Weekly GBP/USD


 

Daily. The wave [iI] is taking form of a flat with an impulse wave (С). Now we are witnessing the formation of the final rising wave V.

 

 

gbpusd2.jpg
Chart. Daily GBP/USD


 

H4. The detailed marking of the wave V is still not clear. For now there are no signs of the end or change in the uptrend. The critical level above which the prices shouldn’t rise is shown at the picture with a red line.

 

 

 

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!


 

 

 



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USD/JPY: Elliot wave analysis

 

Weekly. The pair keeps forming corrective wave which is taking form of a long horizontal correction. - See more at: http://www.fbs.com/analytics/2013-09-16/23384-usdjpy-elliot-wave-analysis#sthash.luq2LRD5.dpuf

 


usdjpy1.jpg

Chart. Daily USD/JPY


 

H4. US dollar keeps forming the falling wave (D) of the horizontal triangle. The pair is likely to form the waves (D) and (E) of this triangle. - See more at: http://www.fbs.com/analytics/2013-09-16/23384-usdjpy-elliot-wave-analysis#sthash.luq2LRD5.dpuf

 

 

usdjpy2.jpg
Chart. H4 USD/JPY


 

H1. The wave (D) may take for of a Zigzag a – b – c. As a after the correction in the wave b is over, the decline will resume. - See more at: http://www.fbs.com/analytics/2013-09-16/23384-usdjpy-elliot-wave-analysis#sthash.luq2LRD5.dpuf

 

 

 


 

Chart. H1 USD/JPY

 

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!


 

 

 



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Sep 17: all eyes on the Fed

 

US dollar is trading near a 4-week low on Tuesday as traders wait for the outcome of the Federal Fed’s 2-day policy meeting at which it’s expected to announce a modest reduction in its bond-buying stimulus. Also pay attention to US CPI data at 12:30 GMT.

 

EUR/USD is consolidating in the $1.3325/42 range. Yesterday the pair closed 60 pips lower from the $1.3385 high, but left the opening bullish gap open. Pay attention to the ZEW sentiment indices at 9:00 GMT – they are expected to reach the new highs. GBP/USD strengthened from the daily low of $1.5888 to $1.5915. Great Britain will release a bunch of inflation data at 8:30 GMT.

 

USD/JPY rose to 99.35. USD/CHF is correcting down a bit after it added about 40 pips yesterday to 0.9278. AUD/USD is trading just above $0.9300 after it tested $0.8185 earlier today. Aussie weakened after the minutes of the Reserve Bank of Australia’s last policy meeting released today showed that the central bank retains the option of reducing interest rates and said a further decline in the local currency would aid the economy. NZD/USD closed yesterday below the 200-day MA at $0.8180. Kiwi’s supported around $0.8155. USD/CAD has slightly recovered from the yesterday’s low of 1.0280 to 1.0325.

 


 

 

 


 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

Key currency options

 

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: $1.3200, $1.3220, $1.3250, $1.3300, $1.3350, $1.3355, $1.3360;

 

GBP/USD: $1.5980;

 

USD/JPY: 98.30, 98.75, 98.90, 99.00, 99.10, 99.35, 99.50, 100.00;

 

AUD/USD: $0.9200, $0.9300, $0.9315, $0.9355, $0.9400;

 

USD/CAD: 1.0220, 1.0245, 1.0450;

 

EUR/GBP: 0.8400.

 

 

 

flatline.jpg
 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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internationallove Newbie

internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

Key currency options

 

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: $1.3350, $1.3400, $1.3420, $1.3450, $1.3480, $1.3515;

 

GBP/USD: $1.5900, $1.6070;

 

USD/JPY: 98.00, 96.25, 99.00, 99.50, 99.60 (500 million), 100.00, 100.50;

 

USD/CHF: 0.9200, 0.9245, 0.9250;

 

AUD/USD: $0.9350, $0.9425, $0.9450, $0.9500;

 

USD/CAD: 1.0250.

 

 

flatline.jpg
 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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Sep 20: USD's above 7-month low

 

 

 

 

USD held above a 7-month low against a basket of currencies on Friday after investors unwound some of the bearish trades put on in reaction to the Federal Reserve’s shock decision to maintain its massive bond-buying stimulus. Watch US political scene (budget discussion) and speeches by Fed’s board members (16:30-16:55 GMT), though nothing concrete is likely to be resolved or said.

 

EUR/USD is little changed on the $1.3530 area. The European Commission will release today an index of the euro zone’s household confidence. According to the forecasts, the indicator rose from minus 15.6 in the previous month to minus 14.5 in September – the highest level since July 2011. GBP/USD got support at $1.6022 after its correction down on Thursday. Britain will release public sector net borrowing at 08:30 GMT – analysts expect a GBP-negative release.

 

USD/JPY is trading a bit on the downside after it reached 99.62 yesterday. The Bank of Japan Governor Haruhiko Kuroda said today that policy makers will continue to take appropriate action in conducting monetary policy. EUR/JPY declined a bit from an almost 4-year high before ECB President Mario Draghi speaks next week.  USD/CHF is trading just above 0.9100.

 

AUD/USD rose a bit from support at $0.9427 after declining from $0.9524 yesterday. NZD/USD rose to $0.8390, though it’s still below yesterday’s high at $0.8435. USD/CAD recovered to 1.0285. Canada will publish inflation data at 12:30 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!


 

 

 



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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

Key currency options

 

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:

 

USD/JPY: 98.50, 99.35, 99.40, 99.50, 99.75, 100.00, 100.50, 101.00;

 

EUR/USD: $1.3400, $1.3475, $1.3500;

 

GBP/USD: $1.6000, $1.6100, $1.6200;

 

AUD/USD: $0.9440, $0.9450, $0.9460, $0.9550;

 

USD/CAD: 1.0250, 1.0325, 1.0340, 1.0380;

 

NZD/USD: 0.8300;

 

EUR/AUD: 1.4300;

 

AUD/JPY: 92.00.

 

 

flatline.jpg
 

 

 

 

 

 

 

 

 

 

 

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!


 

 

 



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Sep 23: digesting German election

 

 

 

 

EUR/USD is consolidating in the tight $1.3535/20 range. The pair is, therefore, near a 7-month high of $1.3570 renewed on Thursday. According to the results of the German election, Merkel’s Christian Democratic bloc took 41.5% of the vote vs. 25.7% for the Social Democrats. Despite the strong result of the Christian Democratic Union (CDU), Merkel’s coalition with the Bavarian Christian Social Union (CSU) lacks the overall majority, so they will possibly form a coalition with the Social Democrats. We’ll watch how the market digests the election results. Don’t miss the PMI releases of the euro zone’s leading economies (07:00-08:00 GMT). The ECB President Mario Draghi will speak in the European Parliament at 13:00 GMT.

 

GBP/USD rose above the $1.6000 mark, remaining capped at $1.6030. USD/JPY is trading on the downside, though supported by the 100-day MA at 99.05. Japanese banks are closed in observance of Autumnal Equinox Day. US dollar fell versus yen as markets assess when the Fed will reduce the pace of its bond purchases. The FOMC voting member William C. Dudley is scheduled to speak today at 13:30 GMT. On Friday St. Louis Fed President James Bullard indicated an October move is possible. USD/CHF is trading above 0.9100, up from 0.9089.

 

AUD/USD rose by about 60 pips to $0.9430. Aussie rose as Chinese HSBC flash manufacturing PMI increased from 50.1 to 51.2, slightly above the forecast of 50.9. NZD/USD recovered by about 30 pips from $0.8340. USD/CAD opened with a bullish gap, but then slipped to 1.0290.

 


 

 

 


 

 

 

 

 

 

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internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

EUR/USD: Elliot wave analysis

 

 

 

 

Weekly. EUR/USD will soon finish corrective wave (B) of [2].

 

 

\

eurusd1.jpg
 

 

Chart. Weekly EUR/USD


 

Daily. The wave (B) took form of a widening horizontal triangle. We are now witnessing the formation of the e, the final wave of this triangle which has taken form of the double Zigzag.

 

eurusd2.jpg
 

 

Chart. Daily EUR/USD


 

H4. The wave [y] of e represents a simple Zigzag. In Zigzags the waves tend to be equal, so after the local sideways movement is over, the advance will resume as shown at the picture. After that there may be a new downtrend in the wave (С) of [2] (see the first chart).

 

 

 

Chart. H4 EUR/USD


 

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internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

GBP/USD: Elliot wave analysis

 

 

 

 

Weekly. Corrective wave [iI] will soon be over.

 

 

gbpusd1.jpg
 

 

Chart. Weekly GBP/USD


 

Daily. The wave [iI] may have taken form of a flat. The final rising impulse wave V is now enfolding. - See more at: http://www.fbs.com/analytics/2013-09-23/23443-gbpusd-elliot-wave-analysis#sthash.vXDZDklo.dpuf

 

gbpusd2.jpg
 

 

Chart. Daily GBP/USD


 

H4. There are 2 scenarios. According to the first one, we are now witnessing the formation of a corrective wave [4]. When it’s over, the upside movement in the wave [5] of V will resume as it’s shown at the picture. However, there’s a chance that the wave V is already complete. In this case the maximum won’t be renewed and we’ll see a decline in the near term. - See more at: http://www.fbs.com/analytics/2013-09-23/23443-gbpusd-elliot-wave-analysis#sthash.vXDZDklo.dpuf

 

 

 

Chart. H4 GBP/USD


 

Roman Petuchov for FBS

 

 

 

 

 

 

 

 

 

 

 

 

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internationallove Newbie

internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

USD/JPY: Elliot wave analysis

 

 

 

 

Daily. Corrective wave of 2 is still forming.

 

 

usdjpy1.jpg
 

 

Chart. Daily USD/JPY


 

H4. Presumable we are witnessing the formation of the wave (E) of which is the final wave of the horizontal triangle - See more at: http://www.fbs.com/analytics/2013-09-23/23444-usdjpy-elliot-wave-analysis#sthash.mdvkQdOz.dpuf

 

usdjpy2.jpg
 

 

Chart. H4 USD/JPY


 

H1. The wave (E) is taking form of a-b-c Zigzag. When the corrective wave b is over, we expect upside impulse move to resume in the wave c. When the wave (E) is complete, we’ll see a downtrend in the wave [c] of 2. - See more at: http://www.fbs.com/analytics/2013-09-23/23444-usdjpy-elliot-wave-analysis#sthash.mdvkQdOz.dpuf

 

 

 

H1. Daily USD/JPY


 

Roman Petuchov for FBS

 

 

 

 

 

 

 

 

 

 

 

 

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internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

AUD/USD: Elliot wave analysis

 

 

 

 

Weekly. The downside impulse wave III keeps unfolding.

 

 

audusd1.jpg
 

 

Chart. Weekly AUD/USD


 

Daily. The wave [4] of III is in process of forming. The wave (С) currently represents 161% of the wave (А). This is the most common Fibo coefficient. We’ll likely see a decline in the wave [5] in the near term.

 

audusd2.jpg
 

 

Chart. Daily AUD/USD


 

H8. You may see the more detailed marking on this chart. The final marking of the wave [4] isn’t clear yet.

 

 

 

Chart. H8 AUD/USD


 

Roman Petuchov for FBS

 

 

 

 

 

 

 

 

 

 

 

 

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It was a calm session on the currency markets with an empty economic calendar. Yesterday the greenback weakened as the Fed’s member Dudley said the economy was still to week to taper bond purchases. USD/JPY has recovered to 99.00 today after a dip to 98.65. USD/CHF is consolidating around $0.9100.

 

Asian markets were mostly trading in the negative zone. Aussie and kiwi were the biggest losers of the session as declines in global stocks reduced demand for high-yielding currencies. AUD/USD dropped to $0.9395 before recovering some ground. NZD/USD fell to $0.8315. USD/CAD is consolidating around 1.0280. Canada will release retail sales data at 12:30 GMT.

 

EUR/USD strengthened to $1.3500 after a consolidation below this mark. Yesterday the euro weakened after the ECB Draghi said the bank is ready to launch a third round LTRO if necessary. The market is now waiting for the German Ifo business climate index at 8:00 GMT. GBP/USD is trading under slight pressure around $1.6030.

 


 

 

 

 

 

 

 

 

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!


 

 

 



 

 

 

 

 

 

 

 

 

 

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!


 

 

 


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internationallove Newbie

internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

It was a calm session on the currency markets with an empty economic calendar. Yesterday the greenback weakened as the Fed’s member Dudley said the economy was still to week to taper bond purchases. USD/JPY has recovered to 99.00 today after a dip to 98.65. USD/CHF is consolidating around $0.9100.

 

Asian markets were mostly trading in the negative zone. Aussie and kiwi were the biggest losers of the session as declines in global stocks reduced demand for high-yielding currencies. AUD/USD dropped to $0.9395 before recovering some ground. NZD/USD fell to $0.8315. USD/CAD is consolidating around 1.0280. Canada will release retail sales data at 12:30 GMT.

 

EUR/USD strengthened to $1.3500 after a consolidation below this mark. Yesterday the euro weakened after the ECB Draghi said the bank is ready to launch a third round LTRO if necessary. The market is now waiting for the German Ifo business climate index at 8:00 GMT. GBP/USD is trading under slight pressure around $1.6030.

 


 

 

 

 

 

 

 

 

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!


 

 

 


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internationallove Newbie

internationallove

Posted
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Posted
Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

It was a calm session on the currency markets with an empty economic calendar. Yesterday the greenback weakened as the Fed’s member Dudley said the economy was still to week to taper bond purchases. USD/JPY has recovered to 99.00 today after a dip to 98.65. USD/CHF is consolidating around $0.9100.

 

Asian markets were mostly trading in the negative zone. Aussie and kiwi were the biggest losers of the session as declines in global stocks reduced demand for high-yielding currencies. AUD/USD dropped to $0.9395 before recovering some ground. NZD/USD fell to $0.8315. USD/CAD is consolidating around 1.0280. Canada will release retail sales data at 12:30 GMT.

 

EUR/USD strengthened to $1.3500 after a consolidation below this mark. Yesterday the euro weakened after the ECB Draghi said the bank is ready to launch a third round LTRO if necessary. The market is now waiting for the German Ifo business climate index at 8:00 GMT. GBP/USD is trading under slight pressure around $1.6030. 

 

 

 

 

 

 

 

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!


 

 

 



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internationallove Newbie

internationallove

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

Stock market update

 

stocks.png


 

 

 

Data: Bloomberg

 

Time: EST (GMT-5)

 

 

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!


 

 

 



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