riki143 Posted May 27, 2015 Posted May 27, 2015 Forex Analytics Forex trading plan for May 27 US dollar remains strong versus other currencies. American durable goods data came out in line with expectations with the previous readings revised to the upside. EUR/USD slid to 1.0900 and may test 1.0800. Greece remains the main area of concerns. In June the nation has to repay 5.7 billion euro in short-term bills and 1.56 billion euro to the International Monetary Fund. Disagreements between the nation and its creditors remain in areas such as budget targets, sales-tax rates, and pension and labor market rules. On Tuesday Greek officials are negotiating with representatives of the European Commission and the IMF. The euro may also weaken versus the franc as demand for Swiss currency is mounting with increasing tensions in the euro area. Watch 1.0300 and 1.0225 on the downside. GBP/USD fell to 1.5450. The pair needs to rise back above 1.5500 to relieve the bearish pressure. The pair is driven by the sentiment about the US dollar. Decline to 1.5270/1.5175 looks likely at this point. USD/JPY reached 8-year high in the 123.00 area. Levels to watch on the upside include 123.66 (July 2007 high) and 124.13 (June 2007 high). Support is at 122.05/00, 121.70 and 121.00/120.85. The Bank of Japan will release its meeting minutes on Wednesday morning. AUD/USD is trying to hold on to 0.7800. Below target levels lie initially at 0.7700 and then at 0.7650. Resistance is at 0.7950 and 0.7900. USD/CAD rose to 1.2400. A close above this point will be bullish, but dovish comments from Canadian central bank are still necessary to allow growth to 1.2550 and higher. The Bank of Canada’s meeting will take place on Wednesday. No changes in the monetary policy are expected. More: http://fxbazooka.com/en/analitycs/show/5200 Quote
riki143 Posted May 27, 2015 Posted May 27, 2015 MARKET NEWS Key option levels 27 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: 1.0800 (EUR 769m), 1.0900 (543m), 1.0940/55 (1.5bln), 1.1000 (1bln); USD/JPY: 121.80 (USD 300m), 123.00 (210m), 124.00 (350m); GBP/USD: 1.5320 (GBP 251m); AUD/USD: 0.7750 (AUD 302m), 0.7800 (644m), 0.7815/20 (500m). More: http://fxbazooka.com/en/news/show/2716 Quote
riki143 Posted May 27, 2015 Posted May 27, 2015 Forex Analytics Danske Bank: trade signals for May 27 Open positions:* EUR/USD: Hold SHORT at 1.1115, TAKE PROFIT 1.0801 (revised), STOP LOSS 1.1069 (revised) USD/JPY: Hold LONG at 120.80, TAKE PROFIT 123.85 (revised), STOP LOSS 121.99 (revised) USD/CHF: Hold LONG at 0.9300, TAKE PROFIT 0.9599 (revised), STOP LOSS 0.9399 USD/CAD: Hold LONG at 1.2200, TAKE PROFIT 1.2570 (revised), STOP LOSS 1.2253 (revised) EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 136.27, STOP LOSS 132.90 EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7171 EUR/CHF: Hold SHORT at 1.0450, TAKE PROFIT 1.0234, STOP LOSS 1.0401 EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.3891, STOP LOSS 1.3392 NZD/USD: Hold SHORT at 0.7295, TAKE PROFIT 0.7177, STOP LOSS 0.7351 Trade ideas: GBP/USD: SELL at 1.5445, TAKE PROFIT 1.5291, STOP LOSS 1.5515 AUD/USD: SELL at 0.7785, TAKE PROFIT 0.7649, STOP LOSS 0.7855 GBP/JPY: BUY at 188.70, TAKE PROFIT 191.02, STOP LOSS 187.76 ________________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/5206 Quote
riki143 Posted May 28, 2015 Posted May 28, 2015 Forex Analytics Trading plan for May 28 By Kira Iukhtenko The US dollar index extended the upside on Wednesday, supported by the USD/JPY strength. Large players are returning into the US currency. There was no important USD releases on the schedule today. On Thursday, we’ll watch the US unemployment claims, while on Friday the market will focus on the second GDP estimate. The last release contains a bearish risk for the USD. USD/JPY and USD/CAD are the biggest market movers with the greenback pushing higher for a second day in a row. USD/JPY approached the 124.00 mark after having broken through the 122.00-yen technical resistance. Watch the 124.10 resistance – this is the 2007 top. As it was widely expected, the Bank of Canada left monetary policy unchanged on Thursday, stating the current policy remains appropriate. Canada’s and US GDP releases on Friday could potentially cap the upside. Resistance for USD/CAD lies at 1.2665, while support – at 1.2350. EUR/USD remained almost unchanged on Wednesday, holding below the 1.0900 mark. There was some speculation that Greek negotiations have become more fruitful recently, but no clear comments was given on the issue. Euro zone’s calendar for tomorrow is rather light. Watch the 1.0670 support for EUR/USD and the 1.1000/50 resistance area. GBP/USD has spent the day in the red zone, slipping to 1.5300. The pair has recently broken below the bullish trend line. Next support is seen at 1.5100. Economists expect the UK GDP to be revised to the upside tomorrow. The cable could retrace back to 1.5480 on the news. More: http://fxbazooka.com/en/analitycs/show/5219 Quote
riki143 Posted May 28, 2015 Posted May 28, 2015 MARKET NEWS Key option levels 28 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: 1.1150 (EUR 1.8bn); GBP/USD: 1.5100 (GBP 1.1bn); USD/JPY: 123.00 (USD 960m) 124.20 (300m) 124.50 (400m) 124.80 (400m); USD/CAD: 1.2600 (USD 860m); NZD/USD: 0.7200 (NZD 234m). More: http://fxbazooka.com/en/news/show/2728 Quote
riki143 Posted May 28, 2015 Posted May 28, 2015 Forex Analytics Danske Bank: trade signals for May 28 Open positions: EUR/USD: Hold SHORT at 1.1115, TAKE PROFIT 1.0785 (revised), STOP LOSS 1.0942 (revised) USD/JPY: Hold LONG at 120.80, TAKE PROFIT 124.75 (revised), STOP LOSS 123.40 (revised) USD/CHF: Hold LONG at 0.9300, TAKE PROFIT 0.9599 (revised), STOP LOSS 0.9458 (revised) AUD/USD: Hold SHORT at 0.7740, TAKE PROFIT 0.7634, STOP LOSS 0.7781 USD/CAD: Hold LONG at 1.2200, TAKE PROFIT 1.2667 (revised) , STOP LOSS 1.2347 (revised) EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 136.27, STOP LOSS 132.90 EUR/GBP: Hold SHORT at 0.7220, TAKE PROFIT 0.7014, STOP LOSS 0.7171 EUR/CHF: Hold SHORT at 1.0450, TAKE PROFIT 1.0234, STOP LOSS 1.0401 EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.3891, STOP LOSS 1.3425 (revised) GBP/JPY: Hold LONG at 190.00, TAKE PROFIT 193.73, STOP LOSS 188.59 NZD/USD: Hold SHORT at 0.7295, TAKE PROFIT 0.7177, STOP LOSS 0.7351 Trade ideas: GBP/USD: SELL at 1.5395, TAKE PROFIT 1.5191 (revised), STOP LOSS 1.5480 ____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/5221 Quote
riki143 Posted May 29, 2015 Posted May 29, 2015 Forex Analytics Trading plan for May 29 The US Dollar is trading in the green zone on Thursday despite the higher than expected unemployment claims. The market awaits the US Q1 GDP revision on Friday - according to Reuters forecast, growth will be revised to the downside from +0,2% to -0,8%. In our view, the pessimism is already priced in by the market, but the USD rally could still slow down for some time. EUR/USD consolidates around the 1,0900 mark (55-day MA). Intraday resistance is seen at 1,0950. Next support is seen at 1,0810 and 1,0710. Watch the German retail sales, Spanish CPI and private loans in euro zone tomorrow. GBP/USD extends the decline, falling below 1,5300. The market was disappointed by the news that the Q1 UK GDP was left unrevised at 0,3%. Next bearish targets are 1,5180 (50% Fibo) and the 1,5100 mark. USD/JPY tried to retrace from the multi-year highs, but met buyers around 123,50. As a result, the pair returned back above 124.00/10. Watch the Japanese CPI data tomorrow. National core CPI is expected to have slowed down from 2,2% to 0,2% in April. The news could trigger a new wave of JPY selling. Targets are 125.00 and 126.80/127.10. AUD/USD fell to 0,7620 on Thursday as the market was disappointed by the Australia Q1 CapEx contraction by 4,4%. The next bearish target is 0,7550. More: http://fxbazooka.com/en/analitycs/show/5242 Quote
riki143 Posted May 29, 2015 Posted May 29, 2015 Forex Analytics NZD/CAD: sell target –0.8800 29 May 2015 By: Dima Chernovolov -NZD/CAD broke support level 0.8900 -Next sell target –0.8800 NZD/CAD recently reversed down sharply – after the pair reached the resistance level 0.9030, which was set as the buy target in our previous forecast for this currency pair. The strong downward reversal from this resistance level led to the sharp sell-off, helping the pair today break through the support level 0.8900 (which reversed the previous intermediate correction (2), as you can see below). The breakout of the support level 0.8900 should intensify the bearish pressure on NZD/CAD in the nearest time. NZD/CAD is likely to fall to the next sell target at the next strong support level 0.8800 (low of the earlier wave ②). More: http://fxbazooka.com/en/analitycs/show/5245 Quote
riki143 Posted May 29, 2015 Posted May 29, 2015 Forex Analytics GBP/NZD: buy targets – 2.1600 and 2.1800 29 May 2015 By: Dima Chernovolov -GBP/NZD reached buy target level 2.1400 -Next buy targets – 2.1600 and 2.1800 GBP/NZD continues to rise after the recent breakout of the resistance level 2.1400, which was set as the buy target in our previous report for this currency pair. The price earlier corrected down to the support zone lying at the intersection of the support level 2.1200 and the 50% Fibonacci Correction of the previous upward impulse from the end of the earlier minor correction 2 (as you can see from the daily GBP/NZD chart below). GBP/NZD reversed up from this support zone – breaking today the resistance level 2.1400. GBP/NZD is likely to rise further toward the next buy targets at 2.1600 and 2.1800. Buy stop-loss can be placed below the recently broken, former resistance level 2.1400. More: http://fxbazooka.com/en/analitycs/show/5247 Quote
riki143 Posted May 29, 2015 Posted May 29, 2015 Forex Analytics US dollar: forecast for June 1-7 Kira Iukhtenko The US Dollar strengthened versus all the major currencies in the end of May. The market clearly expects the economy to recover in the second quarter. As a result, the first rate hike by the Federal Reserve is now expected in September-October. The Fed’s Chief Janet Yellen confirmed last week the bank’s intention to enter the hiking cycle in 2015. The pace will depend on the economic data. At the beginning of the new week we’ll be watching the US PMI indices. On Friday, the market will focus on the US May Non-farm payrolls. Don’t forget to leave your NFP forecasts at FXBAZOOKA.com. The greenback will extend the upside, if the US economy added more than 200K new jobs. Dollar index targets the 98 mark and higher. More: http://fxbazooka.com/en/analitycs/show/5254 Quote
riki143 Posted May 29, 2015 Posted May 29, 2015 Forex Analytics GBP/USD: forecast for June 1-7 Kira Iukhtenko The cable had another bearish week, slipping below the 1.5300 mark. As can be seen from the monthly chart, the pair failed to break above the monthly Ichimoku cloud and is currently forming a long-legged bearish candle. Buyers lost control over the market. On the daily chart, we see that the bullish trend support was crudely broken to the downside. Strong selling pressure persists and will likely extend into the new week. Our next bearish target is 1.5100. Break below could open the way to the April lows, but the 1.4500 area is expected to cap in the medium term. Resistance lies at 1.5550. As for the economic calendar, watch the May PMI’s at the beginning of the new week. Manufacturing and construction indices are expected to recover a from the April dip, but they remain low relatively to the early 2014. On Thursday, the Bank of England holds its policy meeting. More: http://fxbazooka.com/en/analitycs/show/5255 Quote
riki143 Posted June 1, 2015 Posted June 1, 2015 Forex Analytics Danske Bank: trade signals for June 1 Open positions:* EUR/USD: Hold SHORT at 1.0930, TAKE PROFIT 1.0732, STOP LOSS 1.1015 USD/JPY: Hold LONG at 120.80, TAKE PROFIT 124.75 (revised), STOP LOSS 123.40 (revised) GBP/USD: Hold SHORT at 1.5318, TAKE PROFIT 1.5150 (revised), STOP LOSS 1.5348 (revised) USD/CAD: Hold LONG at 1.2200, TAKE PROFIT 1.2667 OBJ (revised), STOP LOSS 1.2347 (revised) EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 137.64 (revised), STOP LOSS 134.98 (revised) EUR/CHF: Hold SHORT at 1.0450, TAKE PROFIT 1.0234, STOP LOSS 1.0401 EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.3891, STOP LOSS 1.3483 (revised) GBP/JPY: Hold LONG at 190.00, TAKE PROFIT 193.73, STOP LOSS 188.59 Trade ideas: AUD/USD: SELL at 0.7710, TAKE PROFIT 0.7553, STOP LOSS 0.7775 USD/CHF: Possibly BUY EUR/GBP: Possibly SELL NZD/USD: Possibly SELL ____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/5275 Quote
riki143 Posted June 2, 2015 Posted June 2, 2015 Forex Analytics Trading plan for June 2 Kira Iukhtenko The US dollar index is trading in a narrow range on Monday. Data released today show US personal spending remained weak in April, while the inflationary pressures remain muted. PCE price index recorded its smallest gain since late 2009 on an annual basis (+1,2%). Disappointing data suggests the Fed won’t be in a hurry to raise interest rates. Watch the US factory orders and the FOMC Member Brainard speech tomorrow. EUR/USD remains supported by the 1.0900 mark. Inflation in Germany pushed higher in May with consumer prices rising by 0.7% year-on-year. Manufacturing PMI indices also came out strong. However, euro remains under bearish pressure as the Greek question remains unsolved. We’ll be watching the flash May CPI tomorrow – forecasts are upbeat here. GBP/USD extends the decline on Monday, testing the 1.5200 mark to the downside. UK Manufacturing PMI disappointed the market (52.00 versus 52.50 expected). Watch the Construction PMI tomorrow (forecast 55.1 versus prior 54.2). AUD/USD consolidates around 0.7650. RBA will hold its monetary policy meeting tomorrow – no material changes in policy are expected. The pair is expected to slip towards the 0.7550 support even on a neutral informational background. Resistance lies at 0.7680. More: http://fxbazooka.com/en/analitycs/show/5286 Quote
riki143 Posted June 2, 2015 Posted June 2, 2015 Forex Analytics EUR/AUD: sell target – 1.4100 2 June 2015 By: Dima Chernovolov -EUR/AUD reversed from resistance zone -Next sell target – 1.4100 EUR/AUD today reversed down sharply from the resistance zone lying between the resistance level 1.4380 (which also previously reversed the price in April and in March as you can see below), the upper daily Bollinger Band and the 38.2% Fibonacci Correction of the previous downward impulse wave from the middle of December. Given the strength of this resistance zone - EUR/AUD is likely to fall further in the nearest time. The pair is likely to fall to the next sell target at the support level 1.4100. Sell stop-loss can be placed at the distance of half the daily ATR (average true range) above the resistance level 1.4380. More: http://fxbazooka.com/en/analitycs/show/5294 Quote
riki143 Posted June 2, 2015 Posted June 2, 2015 Forex Analytics Danske Bank: trade signals for June 2 Open positions:* EUR/USD: Hold SHORT at 1.0930, TAKE PROFIT 1.0732, STOP LOSS 1.1015 USD/JPY: Hold LONG at 120.80, TAKE PROFIT 125.69 (revised), STOP LOSS 123.40 (revised) GBP/USD: Hold SHORT at 1.5318, TAKE PROFIT 1.5150, STOP LOSS 1.5315 (revised) USD/CHF: Hold LONG at 0.9450, TAKE PROFIT 0.9599, STOP LOSS 0.9385 USD/CAD: Hold LONG at 1.2200, TAKE PROFIT 1.2667 (revised), STOP LOSS 1.2410 (revised) EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 137.64 (revised), STOP LOSS 134.98 (revised) EUR/CHF: Hold SHORT at 1.0450, TAKE PROFIT 1.0234, STOP LOSS 1.0401 EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.3891, STOP LOSS 1.3483 (revised) Trade ideas: EUR/GBP: SELL higher AUD/USD: Possibly SELL GBP/JPY: Possibly BUY NZD/USD: Possibly SELL ____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/5298 Quote
riki143 Posted June 3, 2015 Posted June 3, 2015 Forex Analytics Forex trading plan for June 3 EUR/USD rose towards 1.1200 on hopes about the Greek deal and a small improvement in the euro area’s inflation data. The press conference of the ECB President Mario Draghi will start at 12:30 GMT on Wednesday. Everyone will be interested in whether the central bank will be really buying more bonds in June. Draghi will likely assess the QE program as successful and underline that the ECB is fully committed to it. Support is at 1.0925 and 1.0850. Resistance is at 1.12 and 1.13 ahead of 1.1570. GBP/USD found some support at the 100-day MA at 1.5165 and rose above 1.5300 on better-than-expected UK construction PMI. Britain will release services PMI at 08:30 GMT. Resistance is at 1.5340 and 1.5500. USD/JPY tested more than 12-year high at 125.05 before sliding to 124.00. Support lies at 123.30 and 122.80. Resistance is at 125.10 and 125.50. AUD/USD recovered to 0.7700. The Reserve Bank of Australia kept monetary policy unchanged and didn’t provide much of an easing rhetoric: the RBA is waiting for the Fed to make the first move. Australia will release Q1 GDP on Wednesday (01:30 GMT), a slight acceleration in economic growth is expected. Resistance is at 0.7740 and 0.7800. In America watch the release of the ADP non-farm employment change at 12:15 GMT (forecast: +200K). USD will be data dependant. The sentiment about the US dollar is rather positive, so traders will be buying it on the dips. More: http://fxbazooka.com/en/analitycs/show/5304 Quote
riki143 Posted June 3, 2015 Posted June 3, 2015 Forex Analytics Danske Bank: trade signals for June 3 Open positions:* EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 140.51 (revised), STOP LOSS 136.08 EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.4090 (revised), STOP LOSS 1.3582 GBP/JPY: Hold LONG at 189.80, TAKE PROFIT 193.17, STOP LOSS 188.49 Trade ideas: EUR/USD: SELL at 1.1190, TAKE PROFIT 1.0979, STOP LOSS 1.1221 GBP/USD: BUY at 1.5315, TAKE PROFIT 1.5508, STOP LOSS 1.5215 USD/CHF: BUY at 0.9290, TAKE PROFIT 0.9484, STOP LOSS 0.9244 USD/CAD: BUY at 1.2330, TAKE PROFIT 1.2531, STOP LOSS 1.2260 USD/JPY: Possibly BUY AUD/USD: Possibly SELL EUR/GBP: Possibly BUY EUR/CHF: Possibly BUY NZD/USD: Possibly SELL ______________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/5308 Quote
riki143 Posted June 4, 2015 Posted June 4, 2015 Forex Analytics Trading plan for June 4 Kira Iukhtenko US Dollar remains under bearish pressure for a second day in a row with the USD index falling below 96. Even the strong statistics fails to support the greenback: trade deficit narrowed, while the ADP NFP came at 201K. The reason for the USD weakness is growing optimism on the Greek issue and rising European yields. Tomorrow we’ll watch the unemployment claims, while on Friday the market will focus on May NFP. EUR/USD jumped above 1.1200 on Wednesday. ECB left monetary policy unchanged,while Mario Draghi cheered the market up with optimistic comments on theinflationary prospects. Anyway, we don’t expect the rally to be long-lived. The 1.1300/1500 area will likely be highly resistive. Support is seen at 1.1050. GBP/USD consolidates around 1.5300. The BOE meeting on Thursday will likely be a non-event. The recent economic weakness lowers the market expectations for a rate hike. We expect the cable to come under a renewed pressure with a target around 1,5160. USD/JPY is driven mostly by the US rate hike expectations these days. Trend resistance lies at 124.60/125.00. Strong US data may provoke a break higher, but then the Japanese officials could intervene verbally. Support is seen at 123.60/70. AUD/USD bounced from 0,7600 and soared by 200 pips in 2 days. Support is seen at 0,7750. We’ll be watching retail sales and trade balance tomorrow. More: http://fxbazooka.com/en/analitycs/show/5325 Quote
riki143 Posted June 4, 2015 Posted June 4, 2015 MARKET NEWS Euro is supported by the spike in German yields 4 June 2015 EUR/USD is trading in the 1.1250 area after it hit 1.1285 on Wednesday. German 10-year Bund yields rose today to 2015 highs. The European Central Bank President Mario Draghi was rather calm about the sharp rise in yields, while some investors expected him to talk them down. In addition, the markets are cautiously optimistic about Greece hoping that it will strike a deal with its creditors. The nation’s Prime Minister Alexis Tsipras declared yesterday after talks with senior EU officials that Athens would make a payment due to the IMF on Friday. EUR/JPY reached levels above 140.00. USD/JPY is fluctuating above 124.00. AUD/USD slid towards 0.7700. Australia’s retail sales showed zero growth in April, while its trade deficit widened to the record level. Weak data revived expectations of further easing of the Reserve Bank of Australia. More: http://fxbazooka.com/en/news/show/2783 Quote
riki143 Posted June 4, 2015 Posted June 4, 2015 Forex Analytics EUR/NZD: buy target – 1.6000 4 June 2015 By: Dima Chernovolov -EUR/NZD rises inside C-wave -Next buy target – 1.6000 EUR/NZD continues to rise after the recent breakout of the resistance trendline of the wide weekly down channel from last year. The breakout of this resistance trendline accelerated the active minor C-wave of the intermediate ABC correction (2) from April. This C-wave earlier broke the resistance levels 1.5400 (which stopped the previous A-wave) and 1.5600. Each of these successive breakouts accelerated the growth of this currency pair. EUR/NZD is likely to rise further inside the active C-wave toward the next buy target at 1.6000 (target price calculated for the completion of the C-wave). More: http://fxbazooka.com/en/analitycs/show/5332 Quote
riki143 Posted June 5, 2015 Posted June 5, 2015 Forex Analytics Forex trading plan for June 5 The event risk in the coming sessions is extremely high. On Friday OPEC is due to announce the results of its meeting; Greece should pay 300 million euros to the IMF, while the US will release the key indicator of the labor market – Non Farm Payrolls – at 12:30 GMT. According to the consensus forecast, NFP increased by 226K in May. EUR/USD reached 1.1385 driven by growth in German yields, but then returned to 1.1300 on better-than-expected data from the US released on Thursday (American unemployment claims declined). Traders are taking profits ahead of the US NFP release on Friday. We’ll surely see more volatility on Friday. The pair will follow the negative scenario (down to support at 1.1150, 1.1075 and 1.0975) if there’s no deal on Greece on Friday and the nation puts off paying to the IMF to the end of the month and if there’s a big upside surprise in the US NFP). If a temporary solution of Greek problem is found and NFP disappoints, EUR/USD may be able to rise to 1.1465, 1.1530 and 1.1600. GBP/USD tested 1.5440. The Bank of England left its policy unchanged: the decision didn’t influence the pound much. Higher German yields are positive for GBP as well. Resistance is at 1.5445, 1.5500 and 1.5530 (200-day MA). Support is at 1.5300, 1.5250 and 1.5170 (daily MAs). USD/JPY is fluctuating around 124.25. So far Japanese officials have done little to talk the pair down. There no bullish drivers for the pair from the side of Japan, but good figures from the US can push the dollar higher. Support is at 123.60/50, 123.30 and 122.70. Resistance is at 124.70, 125.05 and 125.70. AUD/USD slid to 0.7725 after meeting resistance above 0.7800. Aussie bulls were discouraged by another dismal Australian data release. Resistance is at 0.7800 and 0.7850. Support is at 0.7600 and 0.7550. Selling the rallies looks like the best strategy. More: http://fxbazooka.com/en/analitycs/show/5342 Quote
riki143 Posted June 5, 2015 Posted June 5, 2015 Forex Analytics Danske Bank: trade signals for June 5 Open positions:* USD/JPY: Hold LONG at 124.10, TAKE PROFIT 125.69, STOP LOSS 123.39 GBP/USD: Hold LONG at 1.5315, TAKE PROFIT 1.5508, STOP LOSS 1.5245 USD/CHF: Hold LONG at 0.9360, TAKE PROFIT 0.9543, STOP LOSS 0.9275 AUD/USD: Hold SHORT at 0.7745, TAKE PROFIT 0.7572, STOP LOSS 0.7791 GBP/JPY: Hold LONG at 189.80, TAKE PROFIT 193.17, STOP LOSS 189.55 NZD/USD: Hold SHORT at 0.7142, TAKE PROFIT 0.7000, STOP LOSS 0.7205 Trade ideas: USD/CAD: BUY at 1.2460, TAKE PROFIT 1.2667, STOP LOSS 1.2360 EUR/JPY: SELL at 139.85, TAKE PROFIT 138.05, STOP LOSS 140.51 EUR/GBP: BUY at 0.7260, TAKE PROFIT 0.7483, STOP LOSS 0.7195 EUR/USD: Possibly SELL EUR/CHF: Possibly BUY EUR/CAD: Possibly BUY ______________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/5346 Quote
riki143 Posted June 5, 2015 Posted June 5, 2015 Forex Analytics NFP: what do large banks forecast? 5 June 2015 On Friday, June 5, the market attention is glued to the US employment report. What do large banks expect from the today’s release? Danske Bank: We expect 200K new jobs to have been added in May. Manufacturing is likely to remain the weak spot with the service sector driving job growth. Any rebound in average hourly earnings will indicate a clearer uptrend in wage inflation and convince the dovish Fed members that a 2015 hike is safe. RBS: We expect the average hourly earnings to increase from 2.2% to 2.3% y/y (highest increase since 2009). Unemployment rate will hold steady at 5.4% «Stronger-than-expected employment should keep the Fed on pace to hike the Fed Funds rate in September, and pulling forward of expectations could support the USD. A stronger USD and pulled-forward rate hike expectations could pressure commodity prices and weigh on commodity exporter currencies», analysts say. Goldman Sachs: The 4-week MA of initial jobless claims fell by 19,K in May. However, the employment components of various manufacturing sectors have been weak. Mining sector job losses may persist as well. Warm weather likely inflated the jobs number in April, but this may have taken from jobs gains in May. Barclays Capital:225K. Private payrolls are expected to have increased by 220K. Credit Agricole: 210K. It will support our short-term upbeat view on the USD, especially against EUR, JPY and CHF. More: http://fxbazooka.com/en/analitycs/show/5354 Quote
riki143 Posted June 8, 2015 Posted June 8, 2015 Forex Analytics EUR/USD: weekly wave analysis Roman Petuchov, FBS analyst Weekly. The market keeps on declining in a bearish impulse wave [C],. It is a final part of the wave flat B. Daily. Complex bullish correction (4) is currently being built. After that we expect the decline to resume. H4. On the new week we'll se the market recovering in a bullish impulse C of (y). More: http://fxbazooka.com/en/analitycs/show/5380 Quote
riki143 Posted June 9, 2015 Posted June 9, 2015 Forex Analytics GBP/USD: weekly wave analysis Roman Petuchov, FBS analyst Weekly. The market is currently building a bullish zigzag A-B-C. Let's see the detailed markup of the impulse С. Daily. Bullish correction [4] of C has been constructed. Bearish impulse [5] is now being born. The decline will continue on the new week. H4. Correction (2) is over. The market is currenctly forming the wave (3). The decline will extend in the coming sessions. More: http://fxbazooka.com/en/analitycs/show/5381 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.