riki143 Posted September 30, 2015 Posted September 30, 2015 Forex Analytics EUR/CHF: buy targets - 1.1000 and 1.1050 30 September 2015 By: Dmitriy Chernovolov EUR/CHF completed intermediate wave (4) Next buy targets - 1.1000 and 1.1050 EUR/CHF continues to rise – following the earlier sharp upward reversal from the support zone lying between the support level 1.0840 (which also previously reversed the pair with the daily Morning Star at the start of September), 61.8% Fibonacci Correction of the previous sharp impulse wave 5 and the upper channel line of the daily up channel from April. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing – marking the end of previous wave (4). EUR/CHF is likely to rise further in the next intermediate impulse wave (5) (which belongs to the extended primary Ⓒ-wave from April) toward the next buy targets 1.1000 and 1.1050 (top of wave (3)). More: http://fxbazooka.com/en/analitycs/show/6588 Quote
riki143 Posted October 1, 2015 Posted October 1, 2015 Forex Analytics Forex trading plan for October 1 By Kira Iukhtenko [VIDEO] [/VIDEO] US Dollar remains supported after the release of ADP NFP on Wednesday (200K versus 192K expected). The figures increase expectations for the upbeat official NFP on Friday (forecast 202K). However, it is not all so bright in the US economy: Chicago PMI entered the contraction territory in September, falling from 54.4 to 48.7. On Thursday, the markets will be watching the US manufacturing PMI – negative surprises could continue here as well. However, for now the market reaction for the news remains muted – we expect the US Dollar to strengthen further later in the week. Euro remains pressured by the QE extension talks. EUR/USD slipped below the 1.1200 mark. We see a “long-legged doji” reversal candle on the daily chart. Support lies at 1.1100 and 1.1050, while resistance – at 1.1280. Euro zone will also publish a bunch of PMI indices tomorrow. GBP/USD attempted to move up, but failed to fix above the 1.5160 resistance. We still target 1.5050 and expect a bullish reversal from here. Watch the UK manufacturing PMI tomorrow. China PMIs are, probably, the most important indices from the tomorrow’s range. Asian markets entered a corrective phase these days, but how long will the optimism live? More: http://fxbazooka.com/en/analitycs/show/6593 Quote
riki143 Posted October 1, 2015 Posted October 1, 2015 Forex Analytics Danske Bank: trade signals for Oct 1 Open positions:* EUR/USD: Hold SHORT at 1.1269, TAKE PROFIT 1.1017, STOP LOSS 1.1333 USD/JPY: Hold LONG at 119.80, TAKE PROFIT 123.13 (revised), STOP LOSS 118.95 GBP/USD: Hold SHORT at 1.5275, TAKE PROFIT 1.4973, STOP LOSS 1.5220 (revised) USD/CHF: Hold LONG at 0.9690, TAKE PROFIT 1.0129 (revised), STOP LOSS 0.9665 EUR/JPY: Hold SHORT at 134.85, TAKE PROFIT 131.30, STOP LOSS 135.45 (revised) EUR/CHF: Hold LONG at 1.0910, TAKE PROFIT 1.1104, STOP LOSS 1.0823 GBP/JPY: Hold SHORT at 182.00, TAKE PROFIT 179.32, STOP LOSS 183.43 EUR/GBP: Hold LONG at 0.7375, TAKE PROFIT 0.7483, STOP LOSS 0.7300 NZD/USD: Hold SHORT at 0.6420, TAKE PROFIT 0.6130, STOP LOSS 0.6485 Trade ideas: AUD/USD: Possibly BUY EUR/CAD: Possibly SELL ____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6602 Quote
riki143 Posted October 2, 2015 Posted October 2, 2015 Forex Analytics Forex trading plan for October 2 By Elizabeth Belugina Concerns about a sharp slowdown in the global economy somewhat declined as China’s manufacturing data for September were largely steady from the previous month (49.8 vs. 49.7). This helped US dollar against the refuge currencies, though weak ISM manufacturing PMI sent the greenback down other Forex majors. USD also remains under pressure ahead of the release of US labor market data on Friday. According to the consensus forecast, US nonfarm payrolls rose by 202K in September, while the unemployment rate remained low at 5.1%. As usual, the release is expected to ignite the market’s volatility. EUR/USD tested lower levels for the second day, though 55- and 100-day Mas in the 1.1140 area provided support. Support is at 1.1130, 1.1100, 1.1050 and 1.1015. Resistance is in the 1.1200/15 zone ahead of 1.1240, 1.1270, 1.1300 and 1.1370. The ECB President Mario Draghi will speak at 01:30 GMT. This speech should be interesting given that the negative surprise in the euro area’s inflation figures and the increased expectations of more QE from the European Central Bank. GBP/USD keeps trying to hold above 1.5100, but the sellers don’t let it get higher. Still, manufacturing PMI was rather good and this helps support to hold. A move above 1.5200/15 is needed to lighten the mood and give bulls a chance to recover to 1.5300/30. Britain will release construction PMI at 08:30 GMT on Friday (positive forecast). Support is at 1.5088 and 1.5000. USD/JPY has been consolidating between 120.30 and 119.50. Data released in Japan were mixed: Tankan manufacturing index declined, while services indicator rose. The pair remains within sideways trend with support at 119.50, 119.25 and 119.00. Resistance is at 120.00. 120.35, 120.60 and 121.00. AUD/USD recovered to 0.7080 encouraged by a reprieve in risk sentiment and the fact that it was technically oversold. Aussie broke above resistance at 0.7040, which is now acting as support. As long as the pair remains above this point it retains the chance to rise to 0.7100 and probably even to 0.7200 where it will find strong resistance. Watch the release of Australian retail sales at 01:30 GMT (positive forecast). More: http://fxbazooka.com/en/analitycs/show/6609 Quote
riki143 Posted October 2, 2015 Posted October 2, 2015 Forex Analytics CAD/JPY: buy target - 92.00 2 October 2015 By: Dmitriy Chernovolov CAD/JPY reached sell target 90.00 Next buy target - 92.00 CAD/JPY has been rising sharply in the last few days – following the earlier upward reversal from the strong support zone lying between the support levels 90.00 (sell target set in our previous forecast for this currency pair) and 89.00. The upward reversal from this support zone completed the previous minor B-wave of the intermediate ABC correction (2) from the end of August. CAD/JPY is likely to rise further in the active wave C toward the next buy target at the resistance level 92.00 (which reversed previous waves A and ( and which coincides with the 50% Fibonacci Correction of the previous sharp minor impulse wave 5 from August). More: http://fxbazooka.com/en/analitycs/show/6612 Quote
riki143 Posted October 3, 2015 Posted October 3, 2015 Forex Analytics USD/JPY: forecast for October 5-11 By Elizabeth Belugina The main event for Japanese yen next week will be the Bank of Japan’s meeting on Wednesday. The central bank’s Tankan survey showed that sentiment among big Japanese manufacturers slipped in Q3. At the same time, other indicators, such as prospects for profits and plans for construction spending, were positive, providing some hope for the economy. The survey does not point at an unambiguous necessity for the Bank of Japan’s monetary stimulus. The recent comments from the BOJ show that Governor Kuroda still believes that the nation’s economy is on track for inflation, so the regulator does not have to increase quantitative easing (QE), which currently expands the monetary base at an annual pace of 80 trillion yen ($666 billion). However, there are wide fears that Japan may slip in technical recession this year because of falling exports to China and other emerging markets. Despite Kuroda’s comments, many market players believe that the Bank of Japan will act in October. Investors remember Kuroda’s tactics of big surprise he used last year, when he expressed confidence in Japanese economy and then suddenly dropped the bomb of large QE. If the central bank does not deliver easing, USD/JPY will make a short-term voyage down, to the 117.00 area and probably to 116.50/00. Surprise easing contrary to Kuroda’s promises, on the other hand, will send dollar/yen to 122.50/123.00 area. Next big resistance in this case will be at 124.80 (trend line from June highs). Note also that there will be another meeting of Japanese regulator on October 30. This meeting will be accompanied by the release of the BOJ’s economic outlook. If the Bank of Japan chooses to ease policy in October it will more likely choose the end of the month. This is why our main scenario is that the BOJ will keep policy unchanged next week. All in all, the likely lack of easing from the Bank of Japan together with the weak US NFP data makes us bearish on USD/JPY. Daily USD/JPY If the Bank of Japan chooses to leave the bond-buying program unchanged, it may decide to inject money into the economy via stock market increasing the amount of exchange-traded funds it purchases. This, in turn, will be a great opportunity to invest in Japanese stocks, for example through CFD on Nikkei 225 index futures. More: http://fxbazooka.com/en/analitycs/show/6617 Quote
riki143 Posted October 3, 2015 Posted October 3, 2015 Forex Analytics GBP/USD: forecast for October 5-11 By Kira Iukhtenko GBP/USD broke above the 1.5160 resistance on the downbeat US labor market data on Friday. The pair confirmed a reversal “rising wedge” pattern on the daily chart. It seems that the bearish trend has finally ended. The pair is trading in a medium term bullish flag with the next targets at 1.5330 and 1.5500. Next support lies at 1.5050. As for the economic calendar, you should watch Services PMI on Monday and Manufacturing production on Wednesday. The Bank of England meeting will take place on Thursday. Monetary policy is expected to stay on hold, but it is the change in rhetoric that matters for the market. More: http://fxbazooka.com/en/analitycs/show/6620 Quote
riki143 Posted October 3, 2015 Posted October 3, 2015 Forex Analytics EUR/USD: forecast for October 5-11 By Elizabeth Belugina During the past week lower-than-expected euro zone’s September inflation figures were welcome by the euro bears, as they strengthened expectations of more monetary stimulus from the European Central Bank. According to the data, the region’s annual inflation was -0.1%. The annual rate of core inflation, however, remained stable at 0.9%. The ECB president Mario Draghi sounded optimistic about economy saying that it has returned to ‘sustained growth’. Still, earlier Draghi had promised to do more quantitative easing than planned if inflation if inflation keeps declining. As a result, more QE from the ECB is very likely, though it is clear that the central bank is in no hurry to act. We will hear more from Mario Draghi next week as he delivers another speech on Tuesday. Other important events in the euro area in the coming days include the meetings of the European finance ministers on Monday and Tuesday. The meetings will be devoted to the discussion of Greek bailout. Greek finance minister Euclid Tsakalotos will meet his euro zone counterparts next Monday for the first time since his country’s September 20 election. The work on the first review of the new bailout program, which must be completed by November 15, is beginning. There may be some headlines at the beginning of the next week. For now, the situation in the euro area looks rather stable that allows us to expect that even remaining under pressure the single currency will not give up easily. US labor market data came out much weaker than expected. Weak NFP was a serious blow for the US dollar bringing the euro up to 1.1300. There is resistance line from August highs in the 1.1330 area, and a close higher is needed to confirm the way up to 1.1460 and 1.1500. In the absence of a break and if we see reversal model, we will go short on the euro targeting 1.1215 and 1.1150. Support of the 55- and 100-day MAs, which are currently a bit above 1.1100 was able to hold for a long time and will likely survive more attacks of the bears. Further support lies at 1.1015/00 (trend line support since March 2015) ahead of 1.0850/00. Daily EUR/USD More: http://fxbazooka.com/en/analitycs/show/6619 Quote
riki143 Posted October 3, 2015 Posted October 3, 2015 Forex Analytics US Dollar: forecast for October 5-11 By Kira Iukhtenko US Dollar was hit by the weak labor market data released on Friday. US economy added only 142K new jobs in September, while the October reading was revised down to 136K. Average hourly earnings showed zero growth, confirming the deflationary pressures in the US economy. As a result, expectations for the Fed’s rate hike in 2015 fell sharply and are gradually switching to March 2016. Short-term USD prospects worsened: next week we expect to see more downside versus the safe haven currencies. As for the commodity block pairs, USD depreciation is limited. For the mid-term investors it is advised to use the current pullback as a buying opportunity for the greenback. On the new week United States are to release a bunch of important figures. Watch the ISM non-manufacturing PMI on Monday and the trade balance on Tuesday. Market attention will be focused primarily on the FOMC meeting minutes release on Thursday. On the September 17th meeting 13 out of 17 member supported a rate hike in 2015. Investors hunger for more details of the long-awaited meeting. More: http://fxbazooka.com/en/analitycs/show/6618 Quote
riki143 Posted October 5, 2015 Posted October 5, 2015 Forex Analytics Danske Bank: trade signals for Oct. 5 Open positions:* EUR/USD: Hold SHORT at 1.1269, TAKE PROFIT 1.1017, STOP LOSS 1.1333 USD/CHF: Hold LONG at 0.9695, TAKE PROFIT 0.9903, STOP LOSS 0.9639 EUR/JPY: Hold SHORT at 134.85, TAKE PROFIT 131.30, STOP LOSS 135.45 EUR/CHF: Hold LONG at 1.0910, TAKE PROFIT 1.1186 (revised), STOP LOSS 1.0823 GBP/JPY: Hold SHORT at 182.00, TAKE PROFIT 179.32, STOP LOSS 183.43 EUR/GBP: Hold LONG at 0.7375, TAKE PROFIT 0.7501 (revised), STOP LOSS 0.7300 Trade ideas: USD/JPY: BUY at 119.60, TAKE PROFIT 122.13, STOP LOSS 118.59 GBP/USD: BUY at 1.5160, TAKE PROFIT 1.5318, STOP LOSS 1.5085 AUD/USD: Possibly SELL higher USD/CAD: SELL at 1.3327, TAKE PROFIT 1.2952, STOP LOSS 1.3435 EUR/CAD: Possibly SELL ____________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6630 Quote
riki143 Posted October 5, 2015 Posted October 5, 2015 Forex Analytics AUD/USD: weekly wave analysis 5 October 2015 Daily. Development within the long downtrend A is over. At the last section we see the formation of the initial phase of the upward correction B. Weekly. This week we will likely see the pair’s growth, in line with the current layout of the chart. We expect the pair to form impulse [c]. More: http://fxbazooka.com/en/analitycs/show/6634 Quote
riki143 Posted October 5, 2015 Posted October 5, 2015 Forex Analytics USD/JPY: weekly wave analysis 5 October 2015 Weekly. Here’s the layout of the multi month uptrend. Let’s review the layout of the wave (IV) at the more detailed chart. H4. The market is moving in the ‘endless’ sideways triangle [iv]. This week we may see the end of the wave e, and then the pair will resume moving down in the new wave [v]. More: http://fxbazooka.com/en/analitycs/show/6633 Quote
riki143 Posted October 5, 2015 Posted October 5, 2015 Forex Analytics GBP/USD: weekly wave analysis 5 October 2015 Daily. After a powerful decline within the impulse [A], we saw a complicated correction , which took form of an atypical triple three. It seems that at the last section the decline within the new trend [C] has already started. H4. The pair has built the downside impulse 1, after which we saw the beginning of the upward correction 2. We cannot rule out the possibility that this wave will take form of a simple bullish Zigzag. As a result, this week we expect the pair to keep rising in line with the approximate trajectory shown at the chart. More: http://fxbazooka.com/en/analitycs/show/6632 Quote
riki143 Posted October 6, 2015 Posted October 6, 2015 Forex Analytics EUR/USD: weekly wave analysis Daily. The pair keeps moving within the upward corrective wave (4). This wave is taking form of a rather complicated double triple. Currently EUR/USD is forming its final part y. Let’s view the layout at Н4. H4. We are probably seeing the development of the small correction (, after which the market’s growth will continue. The approximate scheme of the potential future move is shown at the chart, though we recommend trading with caution as the market is forming complicated price patterns. More: http://fxbazooka.com/en/analitycs/show/6631 Quote
riki143 Posted October 6, 2015 Posted October 6, 2015 Forex Analytics Forex trading plan for October 6 By Elizabeth Belugina US dollar was hit by weak US labor market data (primarily, NFP) on Friday. However, technically American currency has managed to hold its ground after the initial selloff. Traders still see that the Federal Reserve will raise interest rate this year – earlier than other central banks. The speeches of the Fed’s members due this week and the FOMC minutes due on Thursday should clarify the situation. On Monday, ISM non-manufacturing PMI also declined more than expected. EUR/USD once again attempted to overcome the resistance line connecting August and September highs, but met resistance in the 1.1290 area. Support is in the 1.1210/00 zone, at 1.1165 and 1.1100. Data of medium and minor importance released in the euro area were mostly negative. Meetings of the European finance ministers will continue on Tuesday. Mario Drahi will speak at 17:00 GMT. The breakthrough to the upside is unlikely ahead of this speech. Further resistance is at 1.1330 and 1.1460. GBP/USD was rejected down as it tried to approach 1.5250. British services PMI came at the lowest level since 2013. Below 1.5160 it should revisit support in the 1.5100 region. Above 1.5250 the next obstacle lies at 1.5325 (200-day MA) which will provide rather strong resistance. Fundamentally, it will be difficult for the cable to push much higher as the expectation if the Bank of England’s rate hike will be likely pushed back. USD/JPY keeps moving within sideways trend between 121.00/30 and 119.00/118.50. The fact that US dollar managed to recover quickly enough after the release of poor NFP figures strengthens 118.50 support. Now it is more a rectangle than a triangle. We expect the pair to stay put in this corridor at least until the Bank of Japan’s meeting on Wednesday. AUD/USD was capped by resistance at 0.7110 ahead of the meeting of the Reserve Bank of Australia on Tuesday. The RBA is unlikely to ease policy. On the upside Aussie has potential to strengthen to the top of the triangle at 0.7200 (23.6% Fibo of the May-September decline). On the downside support is at 0.7025, 0.7000 and 0.6950. More: http://fxbazooka.com/en/analitycs/show/6641 Quote
riki143 Posted October 6, 2015 Posted October 6, 2015 Forex Analytics Aussie breaking through cloud 6 October 2015 Tatiana Norkina, FBS analyst The AUD/USD currency pair grew up to the Ichimoku cloud upper border on the four-hour time frame yesterday morning, testing the powerful resistance of 0.7090. However, the bulls felt confident after consolidating above the Tenkan-sen and Kijun lines. Today, we can speak about a break through Senkou Span B - trading within the Asian session is already held in the 0.7120 area. All Ichimoku indicator lines have turned upwards, supporting the bullish sentiment in the market. But even with this considered, the cloud is still negative. The pair is yet obvious to return to the recent resistance of 0.7090, then growth as high as up to the 72nd figure is possible. Technical levels: support – 0.7090; resistance – 0.7130, 0.7200. Trade recommendations: 1. Buy — 0.7090; SL — 0.7070; TP1 — 0.7130; TP2 — 0.7200. More: http://fxbazooka.com/en/analitycs/show/6642 Quote
riki143 Posted October 6, 2015 Posted October 6, 2015 Forex Analytics Dollar recovered against yen 6 October 2015 Tatiana Norkina, FBS analyst The USD/JPY currency pair recovered into the 120.20 resistance area again during yesterday's trading session. Trading started quite positively, with the prices consolidating within the four-hour Ichimoku cloud. Feeling the support of the cloud's lower border, market participants began to buy the dollar against the yen, and soon, the currency pair rate got into the bullish zone, above the cloud. By evening, the pair has tested another level in the 120.40/50 area, reflecting rising risk appetite among traders. However, despite the golden cross formed by the Tenkan and Kijun lines, the Ichimoku cloud is still not willing to change for the positive. We do not rule out further consolidation, with the prices return to the cloud. Technical levels: support – 120.00; resistance – 120.60. Trade recommendations: out of market. More: http://fxbazooka.com/en/analitycs/show/6643 Quote
riki143 Posted October 6, 2015 Posted October 6, 2015 Forex Analytics Danske Bank: trade signals for October 6 Open positions:* EUR/USD: Hold SHORT at 1.1269, TAKE PROFIT 1.1017, STOP LOSS 1.1333 GBP/USD: Hold LONG at 1.5160, TAKE PROFIT 1.5318, STOP LOSS 1.5085 USD/JPY: Hold LONG at 120.20, TAKE PROFIT 123.13, STOP LOSS 119.66 USD/CHF: Hold LONG at 0.9695, TAKE PROFIT 0.9903, STOP LOSS 0.9639 EUR/GBP: Hold LONG at 0.7375, TAKE PROFIT 0.7501, STOP LOSS 0.7300 EUR/CHF: Hold LONG at 1.0910, TAKE PROFIT 1.1186, STOP LOSS 1.0823 GBP/JPY: Hold SHORT at 182.00, TAKE PROFIT 179.32, STOP LOSS 183.43 NZD/USD: Hold LONG at 0.6480, TAKE PROFIT 0.6709, STOP LOSS 0.6420 Trade ideas: AUD/USD: BUY at 0.7045, TAKE PROFIT 0.7232, STOP LOSS 0.6980 USD/CAD: SELL at 1.3215, TAKE PROFIT 1.2862, STOP LOSS 1.3285 EUR/JPY: SELL at 134.93, TAKE PROFIT 133.16, STOP LOSS 135.75 EUR/CAD: SELL at 1.4735, TAKE PROFIT 1.4387, STOP LOSS 1.4825 __________________________________________________________ *Danske Bank applies trailing stop orders (moved together with the price) More: http://fxbazooka.com/en/analitycs/show/6649 Quote
riki143 Posted October 7, 2015 Posted October 7, 2015 Forex Analytics Forex trading plan for October 7 By Kira Iukhtenko Financial markets are enjoying risk-on sentiment as the US labor market figures last week decreased expectations for a rate hike in 2015. Traders now await the FOMC meeting minutes release on Thursday – the publication could bring some certainty back to the market. Chinese markets remain closed until Thursday – this calms the global sentiment for a while. EUR/USD is hovering around the 1.1200 mark, supported by the global USD weakness. The euro currency remains sustained, showing no reaction to the sharp contraction of the German factory orders. There is space for more upside in the coming sessions. Next target lies at 1.1280. Break below 1.1170 would confirm the bearish comeback. GBP/USD keeps on consolidating around the 1.5160 mark. Daily fix above this level is needed to open the way to our next targets at 1.5230 and 1.5330. We’ll stay bullish above 1.5100. Don’t miss the UK industrial production on Wednesday (forecast - upbeat). USD/JPY stays in a tight range, capped at 120.50. Technically, there is a chance for a decline to 119.50 in the coming sessions. However, The BOJ meeting on Wednesday is a risk – some economists expect the Japanese regulator to announce additional easing tomorrow. AUD/USD enjoys the rebound, hitting a freshhigh at 0.7130.The RBA left rate unchanged at today’s meeting, supporting the Aussie. Strong resistance for the pair is seen at 0.7200/50 – we expect a bearish reversal from here. More: http://fxbazooka.com/en/analitycs/show/6655 Quote
riki143 Posted October 7, 2015 Posted October 7, 2015 Forex Analytics NZD/CAD: buy target – 0.8700 7 October 2015 By: Dmitriy Chernovolov NZD/CAD reached buy target 0.8600 Next buy target - 0.8700 NZD/CAD today reached the round resistance level 0.8600 – which was set as the buy target in our previous forecast for this currency pair. The price earlier broke through the resistance trendline from the start of April – which accelerated the active minor corrective wave 2 - which started earlier, when the price reversed up from the pivotal support level 0.8300 (as you can see from the daily NZD/CAD chart below). If NZD/CAD breaks above the resistance level 0.8700 – the price can then rise to the next buy target at the resistance level (which reversed the pair multiple times in July and August). More: http://fxbazooka.com/en/analitycs/show/6661 Quote
riki143 Posted October 7, 2015 Posted October 7, 2015 Forex Analytics GBP/NZD: sell target - 2.2720 7 October 2015 By: Dmitriy Chernovolov GBP/NZD reached sell target 2.3350 Next sell target - 2.2720 GBP/NZD continues to fall strongly – following the earlier breakout of the support level 2.3350, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level (which earlier reversed the price twice in August) intensified the bearish pressure on GBP/NZD – accelerating the active minor impulse wave 5, which belongs to the intermediate ©-wave from September. GBP/NZD is expected to fall further inside the active waves 5 and © toward the next sell target at the support level 2.2720 (previous monthly low from July and the forecast price for the completion of active wave ©). More: http://fxbazooka.com/en/analitycs/show/6662 Quote
riki143 Posted October 8, 2015 Posted October 8, 2015 Forex Analytics Forex trading plan for October 8 By Kira Iukhtenko Demand for the US Dollar remained subdued on Wednesday - the market is now repricing the chance for the Fed’s rate hike in the year 2015. We’ll be watching US unemployment claims and FOMC meeting minutes on Thursday. The greenback has potential for more depreciation on the current week. At the same time, the commodity market has rebounded sharply since early October. We’ll see whether this rally will be long-lived. China’s markets are to open on Thursday after a long holiday - this is a risk for the current bullish move. AUD/USD reached the levels above 0.7200 on Wednesday. Be careful with buying the pair at current levels, though: we expect a pullback from 0.7250. EUR/USD is trying to break from the current sideways channel, but has’t reached much success yet. Sellers pulled the price back below 1.1280 as German data disappointed on Wednesday. We will stay out of the market for this pair until more certainty is brought to the market. Meanwhile, GBP/USD pushed above 1.5160 due to strong UK manufacturing data. We see the next bullish target at 1.5330. Watch the Bank of England policy meeting tomorrow. No policy change is expected, but we’ll be listening to the overall tone of the UK monetary authorities. Major support now lies at 1.5100. As we expected, USD/JPY pulled down from the 120.50 resistance. The pair is trading in the symmetric triangle with the next target for going short at 118.50. Watch a block of Japanese economic data tonight - current account and factory orders. Negative news could become a risk for our bearish scenario. More: http://fxbazooka.com/en/analitycs/show/6668 Quote
riki143 Posted October 8, 2015 Posted October 8, 2015 Forex Analytics Forex trading plan for October 9 The trading plan for Friday, October 9, was prepared and released before the end of the US trading session on Thursday, October 8. Traders await the release of the Federal Reserve’s September meeting minutes at 18:00 GMT on Thursday, so the volatility for Thursday isn’t over at this point. Market players want more hints about the timing of the Fed’s rate hike. Still, after the weak NFP figures for September, the impact of the minutes will likely be limited. Also note that some FOMC members will speak in the coming sessions: Williams, Lockhart and Evans. All these policymakers are doves, so their comments could be negative for USD. EUR/USD tested levels above 1.1300, but then slipped to 1.1250 as the minutes of the European Central Bank’s September meeting showed that the ECB sees increased downside risks for inflation and thus leaves open door for further monetary stimulus. We still see 1.1330 as an important obstacle on the upside before we can see growth towards 1.1460. Euro will probably stay capped, though downside potential is limited. Support is at 1.1215 and 1.1170. GBP/USD spiked to 1.5370, but then returned below the 200-day MA at 1.5320. The Bank of England left monetary policy unchanged. As expected, only 1 member of the Monetary Policy Committee voted to raise the benchmark interest rate, while other 8 said that it should remain at the current level of 0.5%. The central bank’s meeting minutes were dovish as the regulator expressed concerns about global growth and British inflation. Note that the Bank of England’s Governor Carney speaks at 18:00 GMT on Thursday. On Friday the UK will release trade balance at 08:30 GMT. A close below 1.5320 on Thursday will be bearish. Support is at 1.5240 and 1.5170. A close above 1.5320 will open the way to 1.5440 (55-day MA). USD/JPY moved towards the lower edge of the ongoing consolidation pattern weakening to the 119.60 area, but found support there. Sideways trade will persist until we see a very clear signal of a break of either 121.50 or 118.50. For now, if you are trading this pair, use range trading strategies. AUD/USD ran into the resistance of the daily Ichimoku Cloud in the 0.7200 area. Australia will release home loans early on Friday (forecast is positive). Resistance is at 0.7275 and 0.7300. Support is at 0.7085. More: http://fxbazooka.com/en/analitycs/show/6681 Quote
riki143 Posted October 10, 2015 Posted October 10, 2015 Forex Analytics US Dollar: forecast for October 12-18 Kira Iukhtenko The Fed’s rate hike timing remains the most important topic for the currency traders. FOMC meeting minutes released last week disappointed. The members discussed the increased economic risks, not the need for a rate hike. Combination of the “dovish” minutes with the weak September labor market data killed the demand for the US currency. Chances for a rate hike this year are gradually declining. On the new week, on Wednesday, we will watch September retail sales figures. According to the forecasts, data could render temporarily support for the US currency. However, the rally is unlikely to last long: CPI on Thursday is expected to show price growth slowdown. What’s more, US companies are to release Q3 earnings on October 8-22. Data will give a clue to the US economic activity and set a new trend for risk sentiment. More: http://fxbazooka.com/en/analitycs/show/6688 Quote
riki143 Posted October 11, 2015 Posted October 11, 2015 Forex Analytics EUR/USD: forecast for October 12-18 By Elizabeth Belugina The past week turned out to be positive for the euro. Despite the weak production data from Germany and the dovish tone of September ECB meeting minutes, the euro held its ground and managed to rise above the August-September resistance line and test levels above 1.13. US dollar didn’t have much strength over the euro, as the data from the United States weren’t very bright either, plus the Federal Reserve’s September meeting minutes indicated that American central bank is concerned about the weak global economic growth and is not in a hurry to raise the interest rate. Weak NFP released a weak earlier also contributed to the lower expectations of the Fed’s rate hike. Next week there won’t be a lot of news from the euro area. Pay attention to Germany’s ZEW economic sentiment on Tuesday and the region’s final September inflation figures on Friday. US economic calendar is more filled with important events like the publication of retail sales data on Wednesday and inflation figures on Friday. In addition, beware of Chinese trade balance on Tuesday and inflation on Wednesday: for now the single currency keeps strengthening on lower figures of China. As a result, the balance of risks for EUR/USD in the near-term is to the upside. Initial resistance is at 1.1350 (the top of the short-term rising channel) and a fix above this level will open the way to 1.1400 and 1.1460 (September high/resistance since May 2014). The area of 1.1460/1.1500 will likely limit the upside of EUR/USD ahead of the ECB’s meeting on October 22 as the European Central Bank doesn’t want higher euro and can make some announcements about the additional quantitative easing (QE) which will hit the single currency. Support is at 1.1250 and 1.1170. Daily EUR/USD More: http://fxbazooka.com/en/analitycs/show/6694 Quote
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