internationallove Posted January 8, 2013 Author Share Posted January 8, 2013 Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield EUR/USD has bottomed above $1.3000 twice during the past week and tested $1.3140 today. On the upside euro’s limited by important MAs at H4 and H1. There’s also the key resistance at $1.3150. The pair’s influenced by a lot of different factors these days and any may cause significant market moves. Data released today showed that German trade surplus narrowed to 14.6 billion euro in November. The announcement by Japan of its commitment to purchase ESM bonds starting as early as today also helped underpin the single currency. The market’s also awaiting the ECB meeting on Thursday – the speculation that the central bank might refrain from signaling more interest rate cuts when it meets on Thursday supports EUR/USD. All eyes are on the euro zone’s unemployment rate at 10:00 GMT (jobless rate may have increased from 11.7% to 11.8% as the forecasts say) and German factory orders. In US watch comments by Richmond FRB President Jeffrey Lacker at 8 p.m. GMT for hints about the Fed’s approach to easing. There may be more caution among investors as US earnings season starts today. Resistance: $1.3150, $1.3170, $1.3190. Support: $1.3090, $1.3070, $1.3020, $1.3000. Chart. H4 EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-08/20864-eurusd-news-battlefield Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 9, 2013 Author Share Posted January 9, 2013 Market Analytics:FBS Markets Inc. Jan. 9: Asian session USD/JPY returned to 87.50 after dipping to 86.80 earlier today. Yen weakened on the expectations that the Bank of Japan will expand monetary easing under the government’s pressure. Japan’s Chief Cabinet Secretary Yoshihide Suga urged the BOJ to do further stimulus. Japan’s current account data released on Jan. 11 may show deficit. AUD/USD is testing $1.05000. The market players seem uncertain as Australian retail sales fell in November. The bulls try to push NZD/USD higher, and kiwi’s trading just below $0.8400. EUR/USD is consolidating around $1.3075 after yesterday’s decline. The pair is sitting on a 200-period MA on the H4 chart. Investors remain prudent ahead of the tomorrow ECB meeting. Today watch the euro zone final Q3 GDP at 10:00 GMT and German industrial production at 11:00 GMT. GBP/USD slid to $1.6045. Yesterday cable tested $1.6130, but broke below the 50-day MA and found support at the 100-day MA ($1.6020). Great Britain will publish its trade deficit data at 9:30 GMT. Tomorrow the Bank of England will hold a policy meeting. USD/CAD is hovering around 0.9870. The pair remains in a narrow sideways range. USD/CHF is trying to get above 0.9250. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-09/20866-jan-9-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 9, 2013 Author Share Posted January 9, 2013 Market Analytics:FBS Markets Inc. Click and Read FX market in 2013: main trends Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-09/20868-forex-market-2013-main-trends Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 9, 2013 Author Share Posted January 9, 2013 Market Analytics:FBS Markets Inc. EUR/USD: news from the battlefield EUR/USD keeps consolidating around $1.3080. Euro hovers around the 200-period MA on H4 chart and is slightly above 23.6% Fibonacci retracement from the recent decline. The pair lacks stimulus to unglue from the $1.3080 mark. As for today’s releases, final euro zone Q3 GDP is likely to come unchanged at -0.1% q/q, while the German industrial production figures are expected to be positive. Anyway, we don’t expect any strong moves before the tomorrow ECB meeting. Monetary policy is likely to remain unchanged, but Mario Draghi may pressure the euro with some dovish comments. UBS: A recovery through resistance at $1.3185 is required to resume strength, opening the way to $1.3310. Support lies at $1.2985/09. Сhart. H4 EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-09/20869-eurusd-news-battlefield Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 10, 2013 Author Share Posted January 10, 2013 Market Analytics:FBS Markets Inc. Jan. 10: Asian session USD/JPY rose above 88.00 approaching 2 1/2 year-high (88.41) set last Friday. Japan’s Prime Minister Shinzo Abe has once again urged the Bank of Japan to double its inflation target. BOJ’s Governor Shirakawa said yesterday the central bank was in close cooperation with the government, raising speculation policy makers will boost stimulus when they meet Jan. 21-22. Watch for Japanese current account data released tonight (analysts expect deficit). AUD/USD rose to $0.0550 on better-than-expected Chinese data (Chinese exports rose by 14.1% in Dec. y/y, while imports added 6%). NZD/USD is trading on the upside, at $0.8400. EUR/USD slid to $1.3045. For now the pair is supported by the 50-day MA at $1.3030. Investors remain quiet ahead of the ECB meeting (12:45 GMT) and, especially, the ECB press conference (13:30 GMT). No monetary policy changes are expected, but the euro could be pulled down by the “dovish” Mario Draghi’s comments. According to most analysts, the regulator remains in a wait-and-see mode. GPB/USD is consolidating around $1.6010 (May-Dec. 2012 trend line support). Cable is also calm ahead of the BoE MPC meeting (12:00 GMT). USD/CAD slid from session highs and is trading around 0.9870. Canada will release November building permits figures at 13:30 GMT. USD/CHF is above 0.9250. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-10/20880-jan-10-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 10, 2013 Author Share Posted January 10, 2013 Market Analytics:FBS Markets Inc. Key options expiring today Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (3 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.2975, $1.3050, $1.3100, $1.3250; GBP/USD: $1. 6000, $1.6045; USD/JPY: 86.50, 87.00. 87.50; USD/CHF: 0.9225; AUD/USD: $1.0470, $1.0490, $1.0600. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-10/20884-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 10, 2013 Author Share Posted January 10, 2013 Market Analytics:FBS Markets Inc. USD/CHF: strong resistance ahead USD/CHF remains in the 0.9200/9300 range. Today the pair is consolidating around 0.9250. The pair continues the recovery from 0.9090 (Dec. lows) and is trying to form a bottom. The pair is supported at 0.9200. Dollar may find support on expectations of lowering of the Fed easing volumes. But the pair still remains in a downtrend, started in July 2012. There is a strong resistance area ahead. Watch 0.9280/85 (50-day and month MAs, July-Nov. 2012 trend line resistance) - the pair could stall here or even reverse. The next resistance lies at 0.9300 and 0.9380. The reversal of the bearish trend will confirm only above 0.9500. Morgan Stanley: USD/CHF will touch 0.9000 in Q1 2013, but in Q2 will rebound to parity. Chart. Daily USD/CHF Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-10/20889-usdchf-strong-resistance-ahead Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 10, 2013 Author Share Posted January 10, 2013 Market Analytics:FBS Markets Inc. NZD/USD: bullish prospects NZD/USD rebounded to 0.8445 today and is now close to the 2012 high of 0.8475 (Dec. 14). The technical picture is quite positive, the pair is well-supported. We’ll stay bullish for the kiwi above 0.8000. Watch the daily Ichimoku: there will be a strong buying signal if Tenkan-sen rises above Kijun-sen (so-called “golden cross”). There is a strong resistance at 0.8475, but we believe the pair will overcome it. Resistance: 0.8475, 0.8500, 0.8570, 0.8840 (historical high) Support: 0.8390, 0.8350, 0.8300, 0.8150, 0.8000 Chart. Daily NZD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-10/20894-nzdusd-bullish-prospects Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 11, 2013 Author Share Posted January 11, 2013 Market Analytics:FBS Markets Inc. Jan. 11: Asian session Asian shares fell today as higher Chinese inflation (2.5% in December vs. forecast of 2.3%) caused prompted profit taking. At the same time, underlying sentiment is supported by an improving outlook for global economies. EUR/USD slipped from yesterday’s highs of $1.3280 and is now consolidating around $1.3260. Yesterday the ECB Chief Mario Draghi underpinned demand for the euro by saying on a press-conference that the ECB decision to hold rates unanimous and there is no need to change rates, though underlined that risks for euro area remain on the downside. Euro jumped by more than 200 pips. Today there are no important releases on the euro zone’s agenda. USD/JPY rose to maximum since June 2010 above 89.00. Japanese trade deficit widened from 450.3 billion yen in October to 847.5 billion yen in November; Japanese current account swung to a 222.4 billion yen deficit in November from a 376.9 billion yen surplus the previous month. The nation’s Cabinet approved 10.3 trillion yen ($116 billion) of fiscal stimulus. AUD/USD retreated lower as yesterday it approached strong resistance area of $1.0600. NZD/USD also corrected a bit down ahead of resistance at $0.8475. USD/CHF lost more than 100 pips yesterday and is now trying to recover from support above 0.9100. GBP/USD followed euro and jumped by 150 pips to $1.6180 yesterday. Today the cable retraced to $1.6150. Watch the November manufacturing production figures at 9:30 GMT (forecast is positive). USD/CAD consolidates around 0.9830 after having slid from yesterday’s 0.9880 high. Canada will publish its trade balance at 13:30 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-11/20904-jan-11-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 11, 2013 Author Share Posted January 11, 2013 Market Analytics:FBS Markets Inc. EUR/USD: up we go As we expected yesterday, EUR/USD jumped from the strong support at $1.3030 (50-day MA, Nov.-Jan. trend line support). The ECB Chief Mario Draghi said on a press-conference that there is no need to change rates. Euro is now consolidating slightly down from yesterday’s highs of $1.3270. The technical picture remains positive. Yesterday EUR/USD broke above the strong resistance (now support) at $1.3150. The December highs of $1.3310 came in view. Offers concentrated in the $1.3280/1.3300 area provoked the current selling. In our view, euro could rise above $1.3310 after some more correction. Keep in mind the reversal pattern reminding “head-and-shoulders”, forming on a weekly chart. The complete bullish reversal would confirm above $1.3500. Support: $1.3200, $1.3150, $1.3100, $1.3030. Resistance: $1.3280, $1.3310, $1.3380, $1.3500. Chart. Daily EUR/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-11/20906-eurusd-we-go Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 11, 2013 Author Share Posted January 11, 2013 Market Analytics:FBS Markets Inc. AUD/USD: near-term scenario AUD/USD approached $1.0600 yesterday, but gone through correction today. We think that Aussie may retest highs after some more downside. Support lies at $1.0525, $1.0500 and $1.0470. On the upside the target is at $1.0635 (Sept. 14 high). The outlook will change to negative below $1.0470. Chart. H4 AUD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-11/20910-audusd-near-term-scenario Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 11, 2013 Author Share Posted January 11, 2013 Market Analytics:FBS Markets Inc. Jan. 11: European session EUR/USD continues a consolidation in the daily $1.3250/80 range. Euro is currently sitting at $1.3270. GBP/USD slid to $1.6110. Manufacturing production contracted by 0.3% in November vs. the expected 0.5% growth. Industrial production rose, bit came below forecast. USD/JPY is consolidating between 89.34 (today’s high) & 88.77 (today’s low). On M30 chart we can see that consolidation is in the form of a symmetric triangle and US dollar is going to break the pattern quite soon. AUD/USD is still down for the day, formed H&S on H1. NZD/USD is trading just above $0.8400. USD/CAD keeps consolidating around 0.9830. Canada will publish its trade balance at 13:30 GMT. In US watch for trade balance, import prices & budget balance. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-11/20913-jan-11-european-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 11, 2013 Author Share Posted January 11, 2013 Market Analytics:FBS Markets Inc. EUR/CHF tested a three-month high Today EUR/CHF tested a fresh 3.5-month high of 1.2180 after a two-day rally. There’s now a correction: the pair slid to 1.2160. Euro went up as yesterday the ECB dampened the expectations of an interest rate cut. Today franc extended a decline after the Swiss December CPI fell more than expected. We maintain a neutral view on EUR/CHF. A break of the 1.2167 resistance would open the way to 1.2185. Resistance: 1.2167, 1.2185, 1.2200 Support: 1.2140/30, 1.2100, 1.2060 Chart. Daily EUR/CHF Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-11/20916-eurchf-tested-three-month-high Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 14, 2013 Author Share Posted January 14, 2013 Market Analytics:FBS Markets Inc. USD/JPY: Abe and the Bank of Japan Bank of Japan’s Governor Masaaki Shirakawa is due to step down in April after two of his deputies exit in March. Japan’s Prime Minister Shinzo Abe said yesterday that the governor must be a “bold policy leader” and will be chosen after consultations with Yale University Professor Emeritus Koichi Hamada and others. Events to watch for USD/JPY: - Shirakawa speaks tomorrow at a meeting of branch managers (Jan. 15). - Abe will meet with monetary policy experts tomorrow to seek views on who would be suitable as next BOJ governor (Jan. 15). - BOJ’s policy meeting (Jan. 21-22): the central bank will review its 1% inflation target. Abe has the power to nominate a successor to BOJ Governor, but the nomination needs approval by both houses of parliament. Photo by TOSHIFUMI KITAMURA/AFP/Getty Images Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-14/20922-usdjpy-shirakawa-and-bank-japan Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 14, 2013 Author Share Posted January 14, 2013 Market Analytics:FBS Markets Inc. Jan. 14: European session EUR/USD rebounded to $1.3380 after having slipped to $1.3350 earlier in the day. Euro zone’s industrial production declined by 0.3% in November (less than in October, but growth was expected). EUR/CHF rose to 1.2263, the highest level since December 2011. GBP/USD returned to $1.6130 after having tested $1.6155. USD/JPY is trading at 20-hour EMA (89.35). AUD/USD found some resistance in the $1.0577 area. The pair needs to close above $1.0597 for further growth. NZD/USD rose to $0.8425. The pair needs to close above $0.8455 to maintain short-term bullish bias. USD/CAD keeps consolidating around 0.9830. Today the BOC will release its business outlook survey at 15:30 GMT. The markets are waiting for Ben Bernanke’s speech later today (see more). Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-14/20931-jan-14-european-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 14, 2013 Author Share Posted January 14, 2013 Market Analytics:FBS Markets Inc. NZD/USD rebounded after Friday's drop NZD/USD has recovered to $0.8430 after the Friday's drop to $0.8360. On Friday the pair bounced back from $0.8460 and plummeted by 100 bps. It was the third unsuccessful attempt to overcome a strong resistance at $0.8470 in a year. Kiwi’s Friday's depreciation was contained by the 50-period MA on the H4 chart. In a long term we are bullish for NZD/USD as it holds above $0.8000. However, there still is some place for the bearish pullback. Friday's candlestick is clearly negative: the pair closed right at the daily low. Weekly candle closed in the positive territory, but reminds of a “shooting star”. In our view, kiwi needs some consolidation or even correction before a break of $0.8670. NZD/USD losses could extend to $0.8300. Watch the $0.8285 support (50-day EMA, support trend line). Resistance: $0.8460/70, $0.8500, $0.8570 Support: $0.8400, $0.8360, $0.8330, $0.8300, $0.8285 Chart. Daily NZD/USD Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-14/20933-nzdusd-rebounded-after-fridays-drop Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 14, 2013 Author Share Posted January 14, 2013 Market Analytics:FBS Markets Inc. CFTC: Speculators sell the euro Here are the essentials of the latest Commitments of Traders (COT) report, released on Friday, January 11, by the Commodity Futures Trading Commission (CFTC) for a week ended January 8. One may clearly see that on the week ended Jan. 8 the market sentiment worsened. US Dollar net short positions declined from $9 bln the previous week to $7 bln in the week ended Jan. 8. Net EUR postions switched to short, while JPY shorts contracted. GBP, CAD and CHF longs were down, AUD longs remained unchanged. It’s necessary to note that the figures cited above are always a week old at the time of their release. Never the less, CFTC data gives a good oversight into how the market is positioned and if/how these positions are being unwound. Although the CME speculators represent a small fraction of trading in the currency markets, their trades are widely seen as typical of hedge fund investors' currency movements. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2012-10-08/19460-cftc-trader-positioning-data Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 15, 2013 Author Share Posted January 15, 2013 Market Analytics:FBS Markets Inc. Jan. 15: Asian session Fed’s Chairman Ben Bernanke said yesterday that he will closely scrutinize the potential costs of asset purchases aimed at spurring economic growth as the Fed’s balance sheet approaches $3 trillion. As a result, US dollar generally strengthened. USD/CHF is testing downtrend resistance line at 0.9245. Demand for risk assets declined. AUD/USD is down by about 20 pips to $1.0545. NZD/USD eased by almost the same amount of pips to $0.8400. USD/JPY dipped to 88.60 from the daily high of 89.63 before returning to 89.00. Yen strengthened as Japan’s economy minister Akira Amari said an excessively weak national currency has negative effects on Japanese consumers as it makes import prices grow. EUR/USD retraced to $1.3360 after having tested $1.3405 yesterday. Yesterday Spain 10-year yields were up by 14 b.p. to 5.03%. Euro zone will release its trade balance at 10:00 GMT. The IMF Chief Christine Lagarde said there are the signs of the beginning recovery in the euro zone as the EU leaders efforts start to pay off. In particular, her 2013 outlook for Greece is positive. GBP/USD is consolidating at $1.6075. Yesterday cable was unable to fall below $1.6030 (100-day MA) and rebounded. Today Great Britain will release a bunch of inflation figures at 9:30 GMT. The BOE Governor Mervyn King will speak at 10:00. USD/CAD remains nearly unchanged at 0.9840. Yesterday’s BoC Q4 Survey was mildly positive. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-14/20942-jan-15-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 15, 2013 Author Share Posted January 15, 2013 Market Analytics:FBS Markets Inc. Key options expiring today Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (3 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.3250, $1.3300, $1.3325, $1.3350, $1.3400; USD/JPY: 88.30, 88.50, 88.75, 89.00, 89.25, 89.50, 90.00 AUD/USD: $1.0550, $1.0600. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-15/20945-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 15, 2013 Author Share Posted January 15, 2013 Market Analytics:FBS Markets Inc. USD/JPY: what’s the mood of the market? When we’re dealing with yen much depends on comments from Japanese officials. Today Japan’s economic minister said that weaker yen is hurting Japanese consumers. Sumitomo Mitsui points out that the fact that the yen’s weakness has its downside for Japan hasn’t occurred to the market yet. “We'll have to see whether Amari was trying to put a brake on the yen's slide or whether he has a certain desirable range for the yen in mind, say, like 85-90 yen.” Mizuho notes that everyone has been holding USD/JPY longs and waiting for the opportunity to take profit before the BOJ meeting – and today’s comment represented the chance to close bullish positions which have already brought solid profits. Yet, the decline is regarded as correction as it seems that Japanese authorities don’t want to disappoint the markets. The Bank of Japan will likely deliver easing steps as it’s expected, so one can’t rule out further yen weakening after the BOJ meeting. Image from valentinecapitalassetmanagement.com Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-15/20951-usdjpy-whats-mood-market Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 15, 2013 Author Share Posted January 15, 2013 Market Analytics:FBS Markets Inc. USD/JPY: what’s the mood of the market? Advance of the pair above 89.30 would mean that pullback to the downside is over and USD will go up to retest highs. We think that the pair’s move up will slow down, but still recommend buying USD on the dips. The recommendation will change below 87.00. Support: 88.40, 87.50 (top of Ichimoku Cloud on H4), 86.65. Resistance: 89.30, 89.67, 90.00, 90.37. Societe Generale: USD/JPY entered a new phase of consolidation but should be boosted by upcoming US retail sales and Empire State manufacturing index. Chart. H4 USD/JPY Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-15/20952-usdjpys-undergoing-correction Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 15, 2013 Author Share Posted January 15, 2013 Market Analytics:FBS Markets Inc. Jan. 15: European session EUR/USD retraced back to $1.3390 after having tested $1.3330 earlier, but didn’t manage to hold there. Fitch Ratings said that the ECB’s actions bought some breathing space for the euro zone members, but the economic outlook for the currency block still remains poor and credit ratings of US, UK and France are under threat. Euro zone’s November trade balance improved. GBP/USD is trading around $1.6085 (50-day EMA). Cable remains below the 50- and 100-hour EMAs at $1.6090/95. British inflation stayed in November at a highest level since May (2.7% y/y). The correction of USD/JPY slowed around 88.80 (100-hour MA). USD/CHF keeps fighting with downtrend resistance line at 0.9250. EUR/CHF is at 1.2360 after reaching 1.2385 earlier today. USD/CAD strengthened to 0.9850. AUD/USD is fluctuating around $1.0550. NZD/USD almost returned to daily opening at $0.8425 after visiting lower levels. In US watch for the release of retail sales, PPI & Empire State manufacturing index at 13:30 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-15/20955-jan-15-european-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 15, 2013 Author Share Posted January 15, 2013 Market Analytics:FBS Markets Inc. Deutsche Bank: buy EUR/USD for $1.4000 Deutsche Bank recommends buying EUR/USD for $1.4000. The bank believes that the euro area won’t suffer from the strengthening debt crisis this year for 3 reasons: 1. The market’s sensitivity to European problems is declining and despite ongoing political risks (e.g. the Italian election), it’s likely to be more tolerant of political volatility. 2. The measures taken by European governments and the ECB are enough to address systemic risks if they arise. 3. European peripheral debt has become less risky as foreign (speculative) ownership of Spanish and Italian bonds declined. Image: WSJ Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-15/20967-deutsche-bank-buy-eurusd-14000 Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 16, 2013 Author Share Posted January 16, 2013 Market Analytics:FBS Markets Inc. Jan. 16: Asian session Yen and euro vs. US dollar remain in the center of the market’s attention. EUR/USD is trading in the negative territory and slipped to $1.3275 (yesterday’s low) today. Yesterday the pair closed at $1.3300. Eurogroup President Jean-Claude Juncker made a verbal intervention yesterday via saying the euro's exchange rate is 'dangerously high'. Watch the euro zone’s inflation figures at 10:00 GMT. Germany will hold a 10-year bond auction today. USD/JPY slid to the 88.00 area. Yen strengthened on the speculation the Bank of Japan will fail to impress investors with extra policy measures at its Jan. 21-22 meeting. Japan’s core machinery orders, an indicator of capital spending, rose by 3.9% m/m in November (forecast: 0.4%). AUD/USD fell by about 30 pips from Asian session high at $1.0580. NZD/USD is trading just below $0.9400. GBP/USD is trading slightly below the yesterday’s close around $1.6050. The pair slid below the 50-day MA. USD/CAD is mildly positive and rose to 0.9850. The pair is testing the 50-period MA on the H4. USD/CHF shot by about 100 pips yesterday breaching downtrend resistance line and is now consolidating in the 0.9320 zone. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-16/20973-jan-16-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted January 16, 2013 Author Share Posted January 16, 2013 Market Analytics:FBS Markets Inc. Key options expiring today Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (3 p.m. GMT). Here are the key options expiring today: EUR/USD: $1.3100, $1.3200 (large), $1.3275, $1.3280, $1.3300, $1.3350, $1.3400; GBP/USD: $1.6225; USD/JPY: 86.95 (large), 87.75, 88.25, 88.40, 88.50, 88.60, 89.00, 89.50; AUD/USD: $1.0500, $1.0550, $1.0600; NZD/USD: $0.8450. Have a profitable trade with FBS! If you have any questions to our analysts, you're welcome to ask them in comments to this article! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-01-16/20977-key-options-expiring-today Quote Link to comment Share on other sites More sharing options...
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