riki143 Posted May 5, 2015 Posted May 5, 2015 Forex Analytics Danske Bank: trade signals for May 5 Open positions:* EUR/USD: Hold LONG at 1.1160, TAKE PROFIT 1.1389, STOP LOSS 1.1048 USD/JPY: Hold LONG at 119.00, TAKE PROFIT 120.84 (revised), STOP LOSS 119.20 (revised) USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9216 (revised), STOP LOSS 0.9516 EUR/CHF: Hold LONG at 1.0350, TAKE PROFIT 1.0604 (revised), STOP LOSS 1.0379 EUR/GBP: Hold LONG at 0.7340, TAKE PROFIT 0.7488, STOP LOSS 0.7295 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7392 (revised), STOP LOSS 0.7685 Trade ideas: GBP/JPY: BUY at 181.35, TAKE PROFIT 185.05, STOP LOSS 180.60 GBP/USD: BUY at 1.5105, TAKE PROFIT 1.5304, STOP LOSS 1.5049 EUR/CAD: Possibly BUY AUD/USD: Possibly BUY USD/CAD: Possibly SELL ___________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4895 Quote
riki143 Posted May 5, 2015 Posted May 5, 2015 MARKET NEWS RBA cut benchmark rate 5 May 2015 EUR/USD eased down to the 1.1100 area after it met resistance at 1.1290 on Friday (100-day MA). The pair finds support at the daily Ichimoku Cloud at 1.1066. GBP/USD is trying to hold above 1.5100 after it fell last week from highs in the 1.5500 area. The pound is under pressure ahead of the UK election which will take place on Thursday. The latest opinion polls continue to put the Conservative and Labour parties neck and neck, so there’s a very strong risk of a hung parliament. USD/JPY is trying to hold above 120.00. US Treasury yields rose to 7-week high. It’s a bank holiday in Japan. Traders are waiting for the release of the ISM non-manufacturing PMI. AUD/USD is trading on the upside in the 0.7870 area. The Reserve Bank of Australia cut its benchmark rate to 2.0%. Still, such decision was widely expected, so after the initial dip traders took profit on short positions closing them. More: http://fxbazooka.com/en/news/show/2644 Quote
riki143 Posted May 5, 2015 Posted May 5, 2015 Forex Analytics Forex trading plan for May 6 Market players expect improvement in the US labor market data due on Wednesday and Friday. This should keep the greenback supported, though to see big moves up of the American currency we’ll still need to see more positive news from the United States. Note that if NFP (Non-Farm Payrolls) disappoint on Friday, the US dollar will resume declining as the market would see bad data as the sign that weak economic effects are less transitory than the Fed said at its meeting last week. In addition, on Wednesday don’t miss the speech of the Fed’s Chair Janet Yellen at 13:15 GMT. EUR/USD retraced 38.2% of the December/March decline and met resistance at the 100-day MA just below 1.13. The pair finds support at the daily Ichimoku Cloud at 1.1066. Nearby there’s also support of March/April highs in the 1.1050/35 zone. GBP/USD is trading just above 1.5100 supported by the daily Ichimoku Cloud (1.5093) and 55-day MA (1.5045). Next support is at 1.4970. The upside will remain limited ahead of the UK election on Thursday. Resistance is at 1.5155 (100-day MA). Britain’s construction P<I on Tuesday was weaker than expected. On Wednesday watch UK services PMI. USD/JPY returned above the 55-day MA and the psychological level of 120.00 as well as above the resistance line connecting March and April highs. This makes the bulls stronger. Resistance is at 120.84 ahead of 121.50. Support is at 119.80 and 119.30. AUD/USD rose to 0.7918 as traders covered short positions after the Reserve Bank of Australia cut its benchmark interest rate to the record low of 2%. Aussie faces resistance provided by the top of the daily Ichimoku Cloud (0.7910). Next resistance is at 0.7950/75. Australia will release retail sales data on Wednesday. More: http://fxbazooka.com/en/analitycs/show/4896 Quote
riki143 Posted May 6, 2015 Posted May 6, 2015 MARKET NEWS Key option levels 6 May 2015 FXBAZOOKA.com - 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 (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1000 (EUR 546m), 1.1020/30 (892m), 1.1100 (283m), 1.1150/60 (800m); GBP/USD: 1.5000 (GBP 216m), 1.5100 (209m), 1.5170 (175m); USD/JPY: 120.50 (USD 653m), 121.00 (696m); AUD/USD: 0.7800 AUD (200m), 0.7900 (405m). More: http://fxbazooka.com/en/news/show/2648 Quote
riki143 Posted May 6, 2015 Posted May 6, 2015 Forex Analytics Danske Bank: trade signals for May 6 Open positions:* EUR/USD: Hold LONG at 1.1160, TAKE PROFIT 1.1389, STOP LOSS 1.1048 USD/JPY: Hold LONG at 119.00, TAKE PROFIT 121.41 (revised), STOP LOSS 119.20 (revised) GBP/USD: Hold LONG at 1.5105, TAKE PROFIT 1.5304, STOP LOSS 1.5086 (revised) USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9196 (revised), STOP LOSS 0.9448 (revised) EUR/GBP: Hold LONG at 0.7340, TAKE PROFIT 0.7488, STOP LOSS 0.7295 GBP/JPY: Hold LONG at 182.15, TAKE PROFIT 185.05, STOP LOSS 181.30 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7392 (revised), STOP LOSS 0.7585 (revised) Trade ideas: EUR/JPY: BUY at 134.05, TAKE PROFIT 135.94, STOP LOSS 133.05 EUR/CHF: Possibly SELL EUR/CAD: Possibly SELL AUD/USD: Possibly BUY USD/CAD: Possibly SELL ___________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4907 Quote
riki143 Posted May 6, 2015 Posted May 6, 2015 Forex Analytics Trading plan for May 7 By Kira Iukhtenko The US Dollar came under bearish pressure on Wednesday – preliminary April NFP from ADP came well below the forecast (159K versus 199K expected). What’s more, the March reading has been revised to the downside to 175K. Market expectations for the Friday’s NFP release are turning more and more negative, weighting on the greenback. We’ll watch the unemployment claims figure on Thursday (forecast – slight increase). North-American currency is expected to stay under pressure until the end of the week. EUR/USD was seen testing the May 1 high of 1.1290 on Wednesday. There is a double bottom pattern with a neckline at 1.1050 being formed. We expect the correction to extend towards the 1.1530 resistance this week. Watch the German factory orders in the euro zone tomorrow. UK parliamentary elections are taking place on Thursday, May 7. Political uncertainty is expected to increase after the election, as the government will have to form a coalition. That’s why the upside in GBP/USD will be limited. A weekly candle with a long upper shadow also is a bearish signal. Support - 1.5080, 1.5000 and 1.4950. Break lower would open the way for a new wave of selling. AUD/USD pushed above 0.8000. Watch out the resistance in the 0.8070 area. Australia will release labor market data tonight – forecasts are downbeat. USD/JPY came back under bearish pressure, failing to overcome 120.50. We target the triangle bottom at 118.50 in the coming days. More: http://fxbazooka.com/en/analitycs/show/4923 Quote
riki143 Posted May 7, 2015 Posted May 7, 2015 MARKET NEWS Key option levels 7 May 2015 FXBAZOOKA.com - 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 (15:00 GMT). Here are the key options expiring today: GBP/USD: 1.5000 (GBP 226m), 1.5150 (150m) USD/JPY: 119.00 (USD 650m), 120.50/60 (650m) USD/CAD: 1.1950 (USD 482m) AUD/USD: 0.7890 (AUD 349m), 0.7900 (302m) NZD/USD: 0.7525 (NZD 442m) EUR/GBP: 0.7250/65 (EUR 210m) More: http://fxbazooka.com/en/news/show/2652 Quote
riki143 Posted May 7, 2015 Posted May 7, 2015 Forex Analytics Danske Bank: trade signals for May 7 Open positions:* EUR/USD: Hold LONG at 1.1160, TAKE PROFIT 1.1450 (revised), STOP LOSS 1.1160 (revised) USD/JPY: Hold LONG at 119.00, TAKE PROFIT 121.41 (revised), STOP LOSS 119.20 (revised) GBP/USD: Hold LONG at 1.5105, TAKE PROFIT 1.5304, STOP LOSS 1.5145 (revised) USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9046 (revised), STOP LOSS 0.9415 (revised) AUD/USD:Hold LONG at 0.7950, TAKE PROFIT 0.8182, STOP LOSS 0.7850 EUR/GBP: Hold LONG at 0.7340, TAKE PROFIT 0.7488, STOP LOSS 0.7295 GBP/JPY: Hold LONG at 182.15, TAKE PROFIT 185.05, STOP LOSS 181.30 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7392, STOP LOSS 0.7585 Trade ideas: EUR/JPY: BUY at 134.85 FOR 136.70; STOP AT 134.04 USD/CAD: SELL at 1.2085 FOR 1.1803; STOP AT 1.2140 EUR/CHF: Possibly SELL EUR/CAD: Possibly SELL __________________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4928 Quote
riki143 Posted May 8, 2015 Posted May 8, 2015 Forex Analytics Forex trading plan for May 8 The market’s attitude towards the US dollar has dramatically deteriorated in comparison with the hopes seen at the beginning of the week. ADP employment report missed the forecast, especially taking into account the fact that the previous reading was revised to the downside. The unemployment claims released on Thursday, however, came lower than expected (265K vs. 277K) – this is the main source of hope for the USD bulls ahead of the Non-Farm Payrolls. NFP is expected to show gain of 227K jobs vs. 126K in March. The unemployment rater is expected to decline from 5.5% to 5.4%. Friday promises a very volatile trading. We’ll see bigger market reaction if NFP disappoints than if it comes at a good level. Our main scenario is to prepare for a USD-negative scenario. EUR/USD reached 1.1390 where it met some resistance. The euro looks overbought. Support is at 1.1250 (100-day MA) and 1.1150. If US NFP is below forecast, the pair may jump to 1.1500/35. GBP/USD is awaiting the results of the UK election: the exit polls figures will be available around 21:00 GMT. Conservatives ahead will be GBP-positive, while Labourists ahead will be GBP-negative. Watch support at 1.5100 and resistance at 1.5270. A break of one of these levels may provoke a move either to 1.4900 or 1.5550. USD/JPY is slowly declining for the fourth day in a row. Support is at 118.70/50. Resistance is at 120.00 and 120.50. Below the latter level the bears will continue to dominate. A miss in NFP will make the pair challenge 118.50/30. AUD/USD has lost some momentum as it failed to settle above 0.8000 as Australian labor market data was weaker than forecasts. Resistance is at 0.8030. Support is at 0.7900, 0.7840 and 0.7760. The Reserve Bank of Australia will release monetary policy statement on Friday morning. Buying on the dips may prove to be a right strategy. More: http://fxbazooka.com/en/analitycs/show/4945 Quote
riki143 Posted May 8, 2015 Posted May 8, 2015 MARKET NEWS Key option levels 8 May 2015 FXBAZOOKA.com - 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 (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1100 (EUR 522m), 1.1200 (1.5bln), 1.1295 (563m), 1.1345/50 (680m) GBP/USD: 1.4900 (GBP 359m), 1.5000 (190m), 1.5100 (285m) USD/JPY: 119.00 (USD 1.25bln), 120.00 (927m), 120.50 (1bln), 121.25 (478m) USD/CAD: 1.2100 (745m), 1.2300 (475m) AUD/USD: 0.7800 (592m), 0.7925 (393m), 0.8015 (204m) AUD/NZD: 1.0600 (312m) More: http://fxbazooka.com/en/news/show/2656 Quote
riki143 Posted May 8, 2015 Posted May 8, 2015 Forex Analytics Danske Bank: trade signals for May 8 Open positions:* EUR/USD: Hold LONG at 1.1235, TAKE PROFIT 1.1450, STOP LOSS 1.1199 USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9046, STOP LOSS 0.9284 AUD/USD: Hold LONG at 0.7950, TAKE PROFIT 0.8182, STOP LOSS 0.7850 EUR/JPY: Hold LONG at 134.85, TAKE PROFIT 136.70, STOP LOSS 134.04 EUR/CHF: Hold SHORT at 1.0350, TAKE PROFIT 1.0236, STOP LOSS 1.0407 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7333, STOP LOSS 0.7585 (revised) Trade ideas: USD/JPY: BUY at 119.50, TAKE PROFIT 121.20, STOP LOSS 119.03 GBP/JPY: BUY at 182.95, TAKE PROFIT 187.30, STOP LOSS 181.70 GBP/USD: Look to BUY at 1.5345/40 USD/CAD: Possibly SELL EUR/GBP: Possibly BUY EUR/CAD: Possibly BUY __________________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4947 Quote
riki143 Posted May 11, 2015 Posted May 11, 2015 Forex Analytics EUR/USD: agenda for May 11-15 By Elizaveta Belugina EUR/USD rose to 1.1390 supported by the rising German bund yields before its advance paused as US labor market data came out better than some had feared. Let’s see what the coming week is preparing for EUR/USD. On Monday, May 11, the euro area’s finance ministers will once again meet to discuss the Greek question. Although in April this date was referred to as the deadline for making decision about granting Greece the final 7.2-billion euro tranche of the bailout money, the recent comments from the European authorities show that a deal between the troubled nations and its creditors remains unlikely at this point. In the past week Greece has managed to make a 200-million-euro interest payment to the International Monetary Fund. However, paying another 750-million-euro to the IMF on Tuesday, May 12, may be very difficult. On Friday, May 15, Greece faces a T-bill redemption for 1.4 billion euro – this is not a problem, because the nation can just rollover such debt. The payment to the IMF is trickier: if there’s no deal at the Eurogroup the day before, Greece will have to choose between paying the IMF and paying public sector wages and pensions. All this creates negative risks for the euro. On Wednesday watch the releases of the euro zone’s flash Q1 GDP data. All in all, there’s a gradual improvement in European economic fundamentals and this should be reflected in the release and support the euro. A close below May 1 high at 1.1290 and below the 100-day MA at 1.1240 will be a negative factor. Support is at 1.1100, 1.1050 and 1.0905. This support looks strong. A close above these levels will open the way to 1.1515/30 (50% Fibo of the December-March decline, February high), although the Greek uncertainty that will return to focus will make the ascent of th single currency more difficult. More: http://fxbazooka.com/en/analitycs/show/4964 Quote
riki143 Posted May 11, 2015 Posted May 11, 2015 Forex Analytics NZD/JPY: sell target - 88.00 11 May 2015 By: Dima Chernovolov -NZD/JPY broke support level 89.00 -Next sell target - 88.00 NZD/JPY continues to fall inside the second minor corrective wave (ii) – which started earlier last month, when the pair reversed down sharply from the strong resistance level 92.00 which has been reversing the price from March and which was set as the buy target in our previous report for this currency pair. After reaching this buy target the pair reversed down strongly breaking through the support trendline from the start of February coinciding with the round support level 90.00. The pair started this week by breaking the next support level 89.00 (intersecting with the 38.2% Fibonacci Correction of the previous upward impulse from February). NZD/JPY is likely to fall further to the next sell target 88.00 (50% Fibonacci Correction of the aforementioned upward impulse). More: http://fxbazooka.com/en/analitycs/show/4972 Quote
riki143 Posted May 11, 2015 Posted May 11, 2015 Forex Analytics EUR/GBP: sell target – 0.7200 11 May 2015 By: Dima Chernovolov -EUR/GBP reversed from resistance area -Next sell target – 0.7200 EUR/GBP recently reversed down sharply from the combined resistance area lying between the resistance levels 0.7430 and 0.7370 (this resistance level earlier reversed the previous waves (A) and B in March and April, as you can see below). This resistance zone was further strengthened by the upper resistance trendline of the daily up channel from March, 38.2% Fibonacci Correction of the previous sharp downward impulse wave from December and by the upper daily Bollinger Band. EUR/GBP reversed down from the aforementioned resistance zone with the daily Japanese candlesticks reversal pattern Bearish Engulfing (completing the previous primary correction ②). EUR/GBP is likely to fall to the next sell target 0.7200. More: http://fxbazooka.com/en/analitycs/show/4974 Quote
riki143 Posted May 12, 2015 Posted May 12, 2015 Forex Analytics Danske Bank: trade signals for May 12 Open positions:* USD/JPY: Hold LONG at 119.90, TAKE PROFIT 121.67, STOP LOSS 119.03 AUD/USD: Hold LONG at 0.7950, TAKE PROFIT 0.8185, STOP LOSS 0.7850 EUR/CHF: Hold LONG at 1.0395, TAKE PROFIT 1.0546, STOP LOSS 1.0345 GBP/JPY: Hold LONG at 184.50, TAKE PROFIT 189.71, STOP LOSS 184.37 (revised) NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7276 (revised), STOP LOSS 0.7530 Trade ideas: EUR/USD: BUY at 1.1108, TAKE PROFIT 1.1289, STOP LOSS 1.1050 EUR/JPY: BUY at 133.55, TAKE PROFIT 135.38, STOP LOSS 133.08 GBP/USD: BUY at 1.5523, TAKE PROFIT 1.5682, STOP LOSS 1.5460 USD/CHF: SELL at 0.9394, TAKE PROFIT 0.9203, STOP LOSS 0.9450 EUR/GBP: SELL at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7320 USD/CAD: Possibly SELL EUR/CAD: Possibly BUY __________________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/4988 Quote
riki143 Posted May 12, 2015 Posted May 12, 2015 Forex Analytics GBP/JPY: buy target – 189.600 12 May 2015 By: Dima Chernovolov -GBP/JPY broke resistance level 184.70 -Next buy target – 189.600 GBP/JPY has been rising sharply in the last few weeks – following the earlier breakout of the round resistance level 180.00 (which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level greatly accelerated the previous minor impulse wave (i) – which then broke the daily Triangle from last October. This impulse wave then reversed down from the strong resistance level 184.70 – starting the next minor correction (ii) which stopped at the upper trendline of the aforementioned, recently broken Triangle. The subsequent impulse wave (iii) form this trendline broke the resistance level 184.70. With the daily Momentum recently reaching new yearly highs, GBP/JPY is likely to rise further toward the next buy target at the strong resistance level 189.600 (top of previous wave A). More: http://fxbazooka.com/en/analitycs/show/4991 Quote
riki143 Posted May 12, 2015 Posted May 12, 2015 Forex Analytics GBP/USD: buy target - 1.5800 12 May 2015 By: Dima Chernovolov -GBP/USD reached buy target 1.5520 -Next buy target - 1.5800 GBP/USD yesterday broke sharply above the strong resistance level 1.5520 (the top of the previous intermediate correction (4), which was set as the buy target in our previous forecast for this currency pair). The price earlier reversed down from this price level to the support zone lying between the 38.2% Fibonacci retracement of the previous sharp intermediate corrective wave (A) and the former resistance trendline of the wide extended daily down channel form last year (acting as support now after it was broken). The active ©-wave which started from the aforementioned support zone recently broke the resistance level 1.5520. GBP/USD is set to rise further toward the next buy target 1.5800 (upper boundary of the previous sideways price range from December). More: http://fxbazooka.com/en/analitycs/show/4989 Quote
riki143 Posted May 13, 2015 Posted May 13, 2015 Forex Analytics Trading plan for May 13 Kira Iukhtenko The US dollar got some support from the April labor market data released on Friday (US NFP came at 223K, while unemployment declined to 5.4%). However, it is not enough to reverse the current bearish USD trend. The market will watch the April retail sales data on Wednesday. EUR/USD recovered and is trying to hold above 100-day MA at 1.1218. The euro is supported by the rising German bund yields and some stop levels which were hit above 1.1200. Strong support is at 1.1050. On Wednesday don’t miss the euro zone’s flash Q1 GDP data, the forecasts are positive. Resistance is at 1.1290 (May 1 high) and 1.1390 (May 7 high). The single currency has potential for a bit higher, but concerns about Greece will limit the upside. GBP/USD extends the upside following the parliamentary election. The pair tested the levels above 1.5700 on Tuesday. On Wednesday, we’ll be watching the UK labor market figures and the BOE quarterly inflation report. Resistance is seen at 1,5780 (Dec. 14 high) and 1,5890 (50% Fibonacci). More: http://fxbazooka.com/en/analitycs/show/5002 Quote
riki143 Posted May 13, 2015 Posted May 13, 2015 Forex Analytics Danske Bank: trade signals for May 13 Open positions:* EUR/JPY: Hold LONG at 134.25, TAKE PROFIT 136.70, STOP LOSS 133.09 EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7320 EUR/CHF: Hold LONG at 1.0395, TAKE PROFIT 1.0546, STOP LOSS 1.0345 GBP/JPY: Hold LONG at 184.50, TAKE PROFIT 191.02, STOP LOSS 185.99 NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7276 (revised), STOP LOSS 0.7470 (revised) USD/JPY: Hold LONG at 119.90, TAKE PROFIT 121.67, STOP LOSS 119.23 GBP/USD: Hold LONG at 1.5655, TAKE PROFIT 1.5945, STOP LOSS 1.5550 AUD/USD: Hold LONG at 0.7950, TAKE PROFIT 0.8185, STOP LOSS 0.7876 (revised) Trade ideas: EUR/USD: BUY at 1.1205, TAKE PROFIT 1.1392, STOP LOSS 1.1129 USD/CHF: SELL at 0.9320, TAKE PROFIT 0.9072, STOP LOSS 0.9415 USD/CAD: SELL at 1.2044, TAKE PROFIT 1.1803, STOP LOSS 1.2117 EUR/CAD: Possibly BUY __________________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/5012 Quote
riki143 Posted May 13, 2015 Posted May 13, 2015 Forex Analytics Trading plan for May 14 EUR/USD rose above 1.1300. Initially the single currency was affected by a bit lower than expected euro area’s economic growth in Q1 (0.4% vs. forecast of 0.5%) and a decline in the region’s industrial production, but then the US released weak retail sales figures (growth slowed down from 1.1% to 0%) which hurt the greenback. This is the evidence that the US economy is doing badly in the second quarter. On Thursday watch American PPI and unemployment claims. In France and Germany banks will be closed for a holiday. Resistance is at 1.1390, 1.1470 and 1.1500. Support is at 1.1160 and 1.1100. GBP/USD remains supported on Wednesday even despite the dovish inflation report. The BOE lowered its 2015-2016 growth forecast and confirmed that inflation will stay subdued before returning to the target in 2 years. BOE’s forecasts are based on gradual rate hikes, beginning from mid-2016. As a result, expectations for a rate hike in 2015 decreased today. Note that the labor market data reflected improvement. As for the technicals, we remain bullish for GBP/USD above 1.5500 and target 1.5790 in the coming sessions. Post-election optimism and USD-disappointment will likely drive the pair up. USD/JPY slid to 119.00 and may test lower levels at 118.50/30 and 118.00. Resistance is at 119.80. AUD/USD jumped up to 0.8100 on the expectations on more easing in China and bad news from the US. Aussie has a chance to strengthen to 0.8200/40. Support is at 0.8030 and 0.8000. More: http://fxbazooka.com/en/analitycs/show/5022 Quote
riki143 Posted May 14, 2015 Posted May 14, 2015 MARKET NEWS Key option levels 14 May 2015 FXBAZOOKA.com - 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 (15:00 GMT). Here are the key options expiring today: EUR/USD: 1.1300 (EUR 478m); GBP/USD: 1.5570 (GBP 202m); USD/JPY: 119.10 (USD 900m), 119.50 (500m), 120.00 (2.7bln); AUD/USD: 0.8030 (AUD 200m); EUR/GBP: 0.7255 (EUR 200m), 0.7290 (405m). More: http://fxbazooka.com/en/news/show/2670 Quote
riki143 Posted May 14, 2015 Posted May 14, 2015 Forex Analytics EUR/USD has good support 14 May 2015 By Elizaveta Belugina EUR/USD continues conquering new highs as it is testing levels above 1.1400. A day's close above last week’s high at 1.1390 is needed to open the way for future gains in the euro. Near-term support is at 1.1290. The pair was driven up by the combination of weak data from the US and growth in German bund yields. Euro has managed to overcome lower-than-expected German GDP growth as the overall euro area’s economic growth accelerated a bit. The increase of German bund yields is currently a strong driver of the single currency. German 10-year bonds are considered to be a safe haven. This asset has led the selloff at the world’s bond market since the middle of April. As long as investors continue selling bunds and their yield keeps rising, EUR/USD will have strength to go higher. So, the key question to foresee further development of the situation is why traders sell German bunds. The answer is that bond yields at the beginning of 2015 were very low. On the sings of a pickup in inflation which is eroding bond value market players started to sell them. Even though experts expect demand for German bunds to stabilize eventually, it’s still weak and the bond selloff may continue for a bit longer supporting EUR/USD. It will be important what the ECB President Mario Draghi says today at 15:00 GMT. At the daily chart we see strong support in the 1.1100/1.1050 area. As long as it holds, upside targets are at 1.1500 and 1.1625. More: http://fxbazooka.com/en/analitycs/show/5033 Quote
riki143 Posted May 14, 2015 Posted May 14, 2015 Forex Analytics USD/CHF: sell target – 0.9060 14 May 2015 By: Dima Chernovolov -USD/CHF reversed from resistance level 0.9350 -Next sell target – 0.9060 USD/CHF recently reversed sharply down from the resistance level 0.9350 (coinciding with the 38.2% Fibonacci Correction of the previous sharp downward impulse wave 1 from April). The previous impulse wave earlier broke through the strong support level 0.9500 and the 200-day moving average (as you can see below) – thereby giving strong bearish signal. The latest downward reversal from the resistance level 0.9350 completed the previous minor correction 2 and starting the active impulse wave 3. USD/CHF is likely to fall further toward the next sell target at the support level 0.9060 (which reversed the previous minor impulse wave 1). More: http://fxbazooka.com/en/analitycs/show/5031 Quote
riki143 Posted May 14, 2015 Posted May 14, 2015 Forex Analytics AUD/JPY: buy target - 98.30 14 May 2015 By: Dima Chernovolov -AUD/JPY broke resistance levels 94.50 and 96.00 -Next buy target - 98.30 AUD/JPY has been rising steadily in the last few trading sessions – following the breakout of the resistance level 94.50 (top of the previous A-wave from March, which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level coincided with the breakout of the 38.2% Fibonacci Correction of the previous sharp downward impulse wave from November. This double breakout accelerated the active C-wave of the intermediate ABC correction (2) from February – helping AUD/JPY break the next resistance level 96.00. AUD/JPY is likely to rise further toward the next resistance level 98.30 (target price for the termination of the active C-wave). More: http://fxbazooka.com/en/analitycs/show/5029 Quote
riki143 Posted May 15, 2015 Posted May 15, 2015 Forex Analytics Forex trading plan for May 15 Data released in the US on Thursday was mixed: the unemployment claims turned out to be better than expected, but producer prices unexpectedly contracted. The latter will add to the expectations that the Federal Reserve will start raising interest rates rather later than sooner. On Friday there will be some more releases in America: industrial production at 13:15 GMT and preliminary consumer sentiment at 14:00 GMT. EUR/USD tested levels above 1.1400. Support is at 1.1290, 1.1170 and 1.1100. Resistance is at 1.1500 and 1.1620. GBP/USD rose above 1.5800. Resistance is at 1.5880 (50% Fibo of the 2014-2015 decline) and 1.5900 (200-week MA). Support is at 1.5625 (200-day MA) and 1.5570/50. Economic data released in the UK remain encouraging, but the Bank of England downgraded economic outlook in the Inflation Report released on Wednesday. The pound has potential to rise a bit higher, but be cautious with big longs. USD/JPY found some support at 119.00, though the pair still looks vulnerable for a decline to 118.50/30. On Friday pay attention to the speech of the Bank of Japan’s Governor Kuroda. Support for AUD/USD is at 0.8060 and 0.8000. On the upside target lies in the 0.8250 area. More: http://fxbazooka.com/en/analitycs/show/5040 Quote
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