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August 15: Asian session

 

 

asian1.jpg

 

 

US dollar weakened versus most of its counterparts as St. Louis Fed President James Bullard said yesterday policy makers should be careful in changing course based solely on their economic forecasts thus cautioning cautioned against excessive optimism over the economy. Economists predict a report today will show gains in US consumer prices slowed in July (12:30 GMT). Don’t miss the weekly report on the labor market, followed by regional gauges of the manufacturing sector – NY Empire State and Philly Fed (the latter is due at 14:00 GMT) indices.

 

EUR/USD recovered from $1.3250 to $1.3310, but then returned below $1.3300. No releases in the euro area today. French and Italian banks are closed for holidays. GBP/USD tested resistance line at $1.5540 and is now trading 20 pips below this level, at $1.5520. Pound’s on the upside for the second day before a report (08:30 GMT) that may show UK retail sales rose by 0.7% percent in July, from a 0.2% advance in the previous month.

 

USD/JPY has first strengthened from lows around 97.75 to touch 98.30, but touched a daily low of 97.60 on the news that both Japan’s chief cabinet secretary Suga and Japan’s Finance Minister Aso denied the fact that PM Abe made any instructions on a corporate tax cut.

 

AUD/USD found support at $0.9120 and strengthened to $0.9185 in the Asian trade. NZD/USD corrected slightly down after having reached a high of $0.8075 (highest since the end of July). New Zealand business manufacturing index rose to a record high of 59.5 in July (June reading revised up to 55.2). USD/CAD peaked at 1.0370 yesterday and slid to 1.0313 today. Canadian dollar benefited as the market’s sentiment improved on the news that the euro zone has finally emerged from recession.

 

 

 

 

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Key currency options

 

 

 

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3140, $1.3250, $1.3305, $1.3330;

 

GBP/USD: $1.5425, $1.5515, $1.5545;

 

USD/JPY: 95.80, 96.00, 97.10, 98.10, 98.90;

 

USD/CHF: 0.9240;

 

AUD/USD: $0.9100, $0.9180;

 

USD/CAD: 1.0180;

 

EUR/GBP: 0.8550, 0.8640, 0.8650;

 

EUR/CHF: 1.2395;

 

EUR/JPY: 131.85.

 

 

flatline.jpg

 

 

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Credit Agricole: trade US data

 

 

 

 

Strategists at Credit Agricole expect EUR/USD to retest the $1.3250 support today on the US manufacturing data.

 

In their view, a bunch of US data on the agenda has the potential to prompt a USD rebound today. With July CPI widely expected unchanged, investors’ focus will be trained upon labour and manufacturing figures.

 

A further improvement in August Empire manufacturing (cons. 10.2, July: 9.5) and a potential positive July industrial production surprise (cons. 0.5%, June: 0.3% m/m) could motivate renewed USD demand. As for unemployment claims, strategists also expect to see a further improvement.

 

credit_agricole.jpg

 

 

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GBP/USD extends growth

 

 

On Thursday British pound found support on better-than-expected July UK retail sales (+1.1% m/m vs. forecast +0.7% and June + 0.2%). The year-on-year reading came at 3.0% y/y vs. 2.5% consensus and beating previous 2.2% reading.

 

GBP/USD jumped to $1.5590, extending the upside and testing the levels above the $1.5575 resistance. However, the move was not strong enough to break above the $1.5600 hurdle.

 

We are ready to buy the cable on a break above $1.5600/10 area (May highs). Near-term support lies at $1.5550, $1.5520 and $1.5500/1.5490.

 

gbpusdh1.png

Chart. H1 GBP/USD

 

 

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EUR/GBP: negative picture

 

 

 

 

EUR/GBP slid today below the 100-day MA (0.8540) and the daily Ichimoku Cloud (0.8535). The picture looks quite negative. Euro is now testing yesterday’s low at 0.8527. A slide below this point might provoke a decline to 0.8485/70 and then possibly to 0.8450/00.

 

eurgbp.sdaily.png

Chart. Daily EUR/GBP

 

 

 

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August 16: Asian session

 

 

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On Thursday trading was quite volatile. The greenback initially strengthened on positive US data like lower unemployment claims, but then sharply weakened as the next bunch of figures (industrial production, New York and Philadelphia manufacturing indexes) came lower than expected. Today US dollar recovered a bit before reports forecast to show housing starts rebounded and consumer confidence increased to a 6-year high (12:30 GMT).

 

EUR/USD tested $1.3205 yesterday before jumping to $1.3362. The pair’s trading in the $1.3340 area at the moment of writing. The euro area will release inflation data today at 09:00 GMT which may show inflation is contained. In addition, reports due next week may indicate a pickup manufacturing and services expansion. GBP/USD jumped yesterday by about 140 pips to $1.5650. Today pound’s correcting to the $1.5600 area. USD/JPY recovered from a three-day low at 97.05 to 97.75. USD/CHF edged slightly higher to 0.9275 after the yesterday’s sharp dollar selloff.

 

AUD/USD slipped to $0.9150 after a test of $0.9180 earlier in Asia. NZD/USD dropped briefly below $0.8060 as Wellington in New Zealand was hit by a series of earthquakes. The New Zealand Stock has re-opened after temporarily closure. USD/CAD slid to levels just above 1.0300 yesterday and is correcting a bit up today. Watch Canadian retail sales at 12:30 GMT.

 

 

 

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Key currency options

 

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

USD/JPY: 97.00, 97.10, 97.50, 98.00, 98.10, 98.90, 99.00;

 

EUR/USD: $1.3200, $1.3250, $1.3270, $1.3300, $1.3395, $1.3400;

 

GBP/USD: $1.5400, $1.5500;

 

USD/CHF: 0.9360;

 

AUD/USD: $0.9100, $0.9105, $0.9150, $0.9160, $0.9165, $0.9200;

 

EUR/CHF: 1.2420, 1.2430, 1.2550;

 

EUR/JPY: 130.00;

 

GBP/JPY: 151.25.

 

flatline.jpg

 

 

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Commerz: USD/JPY & AUD/USD view

 

 

 

USD/JPY

 

Commerzbank strategists expect USD/JPY to slide to the 93.75 support area in the coming weeks. In their view, the pair will remain under bearish pressure while the 99.97 level holds (4-month tren resistance).

 

usdjpydaily.png

 

Chart. Daily USD/JPY

 

AUD/USD

 

As for the Aussie, Commerz remains bearish and expects AUD/USD to retest $0.9040/9000 support zone (early and mid-July lows) in the near term. Longer-term downside target is seen at 0.8550 (50% retracement of the move up from 2008). Strategists will remain bearish below the $0.9390/9405 resistance (2011 low and 2009 high).

 

audusddaily.png

 

Chart. Daily AUD/USD

 

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Aug 19: another trading week

 

 

asian1.jpg

 

 

 

EUR/USD didn’t manage last week to reach August highs at $1.3400. Today the pair’s trading on the downside, though above $1.3300. Euro’s supported before German data this week (Tuesday and Thursday) that may show the currency bloc’s largest economy is gaining momentum. GBP/USD rose a bit to $1.5620 after opening the week with a gap down. Sterling is below Friday’s high at $1.5657. Britain released mixed data showing a monthly decline, but a yearly growth in house price.

 

USD/JPY is consolidating around 97.60. Yen fell earlier on data showing Japan’s trade deficit widened in July. USD/CHF is moving sideways below 0.9280.

 

AUD/USD reached 55-day MA at $0.9230. Australian dollar climbed amid speculation that the minutes tomorrow of the Reserve Bank’s last meeting will signal no hurry to reduce interest rates further. NZD/USD reached the top of the daily Ichimoku Cloud at $0.8120. USD/CAD is at 1.0330 after dipping to 1.0315 earlier today.

 

As for the greenback, the main theme will be the minutes of the Fed’s July policy meeting due later this week.

 

- See more at: http://www.fbs.com/analytics/2013-08-19/23209-aug-19-another-trading-week#sthash.mQztyc2t.dpuf

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 20: comments from RBA and RBNZ

 

EUR/USD is up by about 25 pips to $1.3355. Yesterday the single currency was capped below $1.3380. Euro is well supported ahead of the release of the manufacturing and services data on Thursday that may add to evidence of the region’s strengthening recovery from a 6-quarter contraction. Today watch German PPI at 06:00 GMT. GBP/USD is consolidating in the $1.5650 area, below yesterday’s high of $1.5673. USD/JPY is trading in the 97.40 area after testing 97.86 earlier today. USD/CHF slid to 0.9225 after it failed to rise above 0.9280 on Monday. USD/CAD rose approaching resistance at 1.0380.

 

AUD/USD reached $0.9233 yesterday, but then closed just above $0.9100. The pair’s currently probing this level to the downside. Minutes of the Reserve Bank of Australia’s August meeting signaled further interest-rate cuts remain a possibility. NZD/USD failed to close above the daily Ichimoku Cloud. The pair peaked to $0.8162, but then slid down and is now trading below $0.8000. New Zealand’s dollar slid after the central bank governor Graeme Wheeler said the currency was overvalued.

 

US dollar generally feels rather well as Treasury yields climbed to a 2-year high yesterday and as investors await FOMC meeting minutes due tomorrow for clues on when the Fed will reduce stimulus.

 

- See more at: http://www.fbs.com/analytics/2013-08-20/23218-aug-20-comments-rba-and-rbnz#sthash.wSzlOknw.dpuf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Key currency options

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3300, $1.3325, $1.3350, $1.3400;

 

GBP/USD: $1.5575, $1.5635, $1.5640, $1.5650, $1.5645;

 

USD/JPY: 97.00, 98.00, 98.25, 98.40, 98.50, 99.00;

 

USD/CHF: 0.9200, 0.9300;

 

AUD/USD: $0.8900, $0.9170, $0.9180, $0.9200, $0.9250;

 

USD/CAD: 1.0295, 1.0350.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 21: ahead of the FOMC minutes

 

US dollar rose versus its Asia-Pacific counterparts as investors await the release today of minutes from the Federal Reserve’s last meeting (18:00 GMT) for signals on when it may curtail monetary stimulus. Also pay attention to the existing home sales release at 14:00 GMT.

 

EUR/USD is consolidating above $1.3400 after having soared to $1.3452 on Tuesday (highest since February). There are no data releases scheduled in euro zone for today. GBP/USD is trading quietly in the $1.5650/70 range. Yesterday the pair reached a 2-month high of $1.5695. Today UK is scheduled to release public sector net borrowing data (8:30 GMT) and CBI industrial order expectations (10:00 GMT).

 

USD/JPY rose to resistance at 97.65 after hitting 96.90 yesterday. There was a jump in yen after Japan’s nuclear regulator raised the threat level for an August 19 storage tank leak at Tokyo Electric Power Co.’s Fukushima plant. Then, however, the pair turned up again as Nikkei 225 turned into positive in the final hours of the Asian trading session. USD/CHF closed yesterday at the minimum level since February at 0.9170 breaking below an important support line. Watch Swiss monthly Statistical Bulletin at 07:00 GMT and then focus on the FOMC minutes for further clues.

 

AUD/USD slid to $0.9018. NZD/USD hit $0.7907. Aussie and kiwi are declining versus the greenback for the third day in a row. Today the currencies were dented by weakness in Asian equities. USD/CAD holds around the daily highs of 1.0425.

 

- See more at: http://www.fbs.com/analytics/2013-08-21/23224-aug-21-ahead-fomc-minutes#sthash.AP4tZyzk.dpuf

 

 

 

 

 

 

 

 

 

 

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Key currency options

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3325, $1.3350, $1.3400;

 

GBP/USD: $1.5575, $1.5650;

 

USD/JPY: 97.00, 97.50, 97.60, 99.00;

 

USD/CHF: 0.9200, 0.9300;

 

AUD/USD: $0.9050, $0.9100, $0.9200;

 

USD/CAD: 1.0315, 1.0370, 1.0380, 1.0400;

 

EUR/JPY: 131.00.

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 22: cautious about the Fed

 

US dollar advanced versus most of its major counterparts on Wednesday after minutes of the Fed’s July meeting showed that most members of the FOMC were “broadly comfortable” with Chairman Ben Bernanke’s plan to start reducing bond buying this year. Investors are now waiting for the release of manufacturing, housing and employment data later today which may signal continued recovery in the US, boosting the case for a reduction in central bank stimulus.

 

EUR/USD is consolidating in the $1.3360/30 range following the yesterday’s drop from $1.3430. Euro zone is scheduled to release a bunch of PMI figures today (7:00-8:00 GMT, data are expected to show growth). GBP/USD extends its post-Fed decline, touching $1.5590. Bank of England’s member Martin Weale increased the selling pressure by saying “UK can envisage circumstances where further QE may be needed”. USD/JPY rose to 98.33. Data on foreign investment in Japanese securities were negative for yen. USD/CHF recovered to 0.9250.

 

AUD/USD hit $0.8931 today before recovering to $0.9000. Australian dollar rebounded after a gauge of Chinese manufacturing indicated expansion: HSBC flash manufacturing PMI rose to 50.1 beating the forecast of 48.3. NZD/USD lost more than 130 pips yesterday and hit $0.7809 today before recovering to $0.7840. USD/CAD is trading slightly lower after having reached a fresh monthly high of 1.0500. Canada will publish retail sales figures at 12:30 GMT (forecast: negative).

 

- See more at: http://www.fbs.com/analytics/2013-08-22/23227-aug-22-cautious-about-fed#sthash.BwtBh07O.dpuf

 

 

 

 

 

 

 

 

 

 

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Key currency options

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3250, $1.3300, $1.3320, $1.3370, $1.3385, $1.3395, $1.3420, $1.3425, $1.3430;

 

GBP/USD: $1.5525, $1.5600, $1.5650, $1.5660, $1.5685, $1.5725;

 

USD/JPY: 97.00, 97.20, 97.75, 98.50, 99.00;

 

USD/CHF: 0.9400;

 

AUD/USD: $0.8900, $0.9000, $0.9125, $0.9150;

 

USD/CAD: 1.0380, 1.0400;

 

AUD/JPY: 88.50;

 

EUR/CHF: 1.2275 1.2400.

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 23: USD is poised for weekly gain

 

US dollar is poised for a weekly gain against most major peers as economic data supported the case for the Fed to reduce stimulus as early as next month

 

Euro growth remains subdued this week after the EUR/USD pair touched $1.3450 on Tuesday. Today the pair is trading in the negative territory around $1.3330, but holds above the Thursday’s low at $1.3300: yesterday the pair formed a narrow candle with a long lower shadow, supported by weak US jobless claims. There are no important data releases in the EZ today. The ECB’s Nowotny made an important comment today, saying the good economic news removes need for rate cut.

 

USD/JPY rose to 99.00. EUR/JPY rose to 1-month high at 132.33. Nikkei 225 rose by almost 3%. Yen weakened before the Bank of Japan Governor Haruhiko Kuroda speaks tomorrow at the Federal Reserve’s annual monetary conference in Jackson Hole. GBP/USD is calmly trading around the yesterday’s close level ($1.5600/5575 range) following the recent sharp drop from $1.5715. Watch the UK second estimate Q2 GDP at 8:30 GMT (forecast and prior: +0.6% q/q). USD/CHF is up at 0.9250 after yesterday’s spike to 0.9290.

 

Asian markets traded mostly in the green, following the recovery seen in global equities on Thursday and on a new round of rumors that the People’s Bank of China may cut the reserve ratio requirements (RRR) towards the end of the year. AUD/USD is a bit on the upside, but below resistance at $0.9040. NZD/USD also tried to move higher, but was limited around $0.7860. USD/CAD keeps conquering new highs, currently trading at $1.0545. Canada will release inflation data at 12:30 GMT.

 

- See more at: http://www.fbs.com/analytics/2013-08-23/23231-aug-23-usd-poised-weekly-gain#sthash.XAdQc5yZ.dpuf

 

 

 

 

 

 

 

 

 

 

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Key currency options

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3225, $1.3315, $1.3335, $1.3400, $1.3450;

 

GBP/USD: $1.5500, $1.5570, $1.5575, $1.5600;

 

USD/JPY: 97.65, 98.00, 98.50, 100.00;

 

USD/CHF: 0.9300;

 

AUD/USD: $0.8925, $0.9000, $0.9050, $0.9125;

 

USD/CAD: 1.0390, 1.0440, 1.0450, 1.0460, 1.0465, 1.0515;

 

NZD/USD: $0.8025;

 

EUR/JPY: 130.50, 131.00, 132.00;

 

EUR/AUD: 1.4550.

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 23: USD is poised for weekly gain

 

US dollar finds itself under pressure ahead of the durable goods orders data due today at 12:30 GMT (forecast: -3.0%; previous: +3.9%).

 

EUR/USD is quietly trading in the $1.3375/90 range as Friday’s growth attempt was capped by the $1.3400 mark. There are no releases scheduled in the euro zone for today, so watch the data in the US session. European officials keep giving contradictive comments: according to ECB’s Demetriades, a rate cut is ‘still in the cards’.

 

GBP/USD is consolidating in the $1.5560/85 range after the Friday’s volatile trade. British banks are closed for a holiday today. USD/JPY formed a spinning top at the resistance line on Friday and is trading in the 98.60 area after an initial testing of 98.80. In Japan Chief Cabinet Secretary Yoshihide Suga said today that Prime Minister Shinzo Abe will make a decision on whether to raise the country’s sales tax by early October. USD/CHF is consolidating around 0.9220 after sliding from 0.9250 on Friday.

 

AUD/USD keeps pushing at resistance in the $0.9040 area. NZD/USD rose by 30 pips above $0.7800. Aussie and kiwi went up as Chinese stocks gain momentum on soothing comments from the nation’s statistics service. USD/CAD spiked to hit a 1.5-month high at 1.0568 on Friday and declined to 1.0500 today.

 

- See more at: http://www.fbs.com/analytics/2013-08-26/23239-aug-26-usd-under-pressure#sthash.lu0KKv64.dpuf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Comment here: http://www.fbs.com/analytics/2013-08-23/23231-aug-23-usd-poised-weekly-gain

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Key currency options

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3315, $1.3335, $1.3350, $1.3360, $1.3420;

 

USD/JPY: 97.00, 98.00, 98.50, 100.00;

 

AUD/USD: $0.8925, $0.9150;

 

USD/CHF: 0.9350;

 

USD/CAD: 1.0400, 1.0450, 1.0460, 1.0465, 1.0570;

 

EUR/GBP: 0.8555.

 

 

 

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 27: risk-off sentiment

 

EUR/USD is quietly trading in the $1.3360/90 range, now staying flat at $1.3370. The only and main release in the EZ today will be the German Ifo business climate at 8:00 GMT (the index is expected to improve). GBP/USD moved a little higher to $1.5590 before returning to $1.5560. USD/CAD strengthened to 1.0525.

 

Asian stocks fell amid a freefall in the currencies of India and Indonesia, and as tensions in Syria escalated. USD/JPY had slid almost to 98.00 earlier today. Then the pair tried to recover, but got capped by 98.40. Yen strengthened as investors increased demand for it as a safe haven. USD/CHF is consolidating above the support at 0.9200. AUD/USD fell to $0.8960. Australia’s dollar declined as volatility headed for the highest close in six weeks, damping demand for the currency. NZD/USD dropped back to the levels just above $0.7800.

 

- See more at: http://www.fbs.com/analytics/2013-08-27/23260-aug-27-risk-sentiment#sthash.cwSiRHyx.dpuf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Have a profitable trade with FBS!

If you have any questions to our analysts, you're welcome to ask them in comments to this article!

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Comment here: http://www.fbs.com/analytics/2013-08-27/23260-aug-27-risk-sentiment

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug 28: risk aversion continues

 

EUR/USD slipped to $1.3370 after having jumped to $1.3395 yesterday. Euro zone is scheduled to release GfK German consumer climate and M3 money supply data. GBP/USD is trading under pressure around $1.5520. Traders will be watching the Bank of England’s Mark Carney speech to Parliament at 11:45 GMT. The US will release pending home sales data at 14:00 GMT (forecast: 0.2%; previous: -0.4%).

 

USD/JPY lost yesterday about 150 pips and hit today a 2-week low at 96.80 before recovering a bit to 97.30. Yen held its biggest gains in 2 1/2 months against USD and EUR as a safe haven amid escalating tension in Syria. USD/CHF closed below 0.9200 yesterday.

 

MSCI Asia Pacific Index of shares fell by 1.8%. Standard & Poor’s 500 Index slid by 1.6% yesterday. AUD/USD is trading on the downside for the third day. The pair has tested a 3-week low just above $0.8900 today. NZD/USD was rejected yesterday by resistance at $0.7860 and tested $0.7745 today. At the moment of writing kiwi was trading 40 pips above the latter. USD/CAD recovered from the daily low of 1.0470 to 1.0490.

 

- See more at: http://www.fbs.com/analytics/2013-08-28/23262-aug-28-risk-aversion-continues#sthash.3RDA4Amd.dpuf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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/2013-08-28/23262-aug-28-risk-aversion-continues

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

Key currency options

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3280, $1.3300, $1.3350, $1.3355, $1.3400;

 

GBP/USD: $1.5430, $1.5455, $1.5470;

 

USD/JPY: 97.00, 97.70, 97.75, 98.00, 98.80, 99.00;

 

USD/CHF: 0.9200;

 

AUD/USD: $0.8975, $0.8980, $0.9000, $0.9050, $0.9100;

 

USD/CAD: 1.0500, 1.0590;

 

NZD/USD: $0.7875, $0.7880;

 

EUR/GBP: 0.8625.

 

 

 

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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.fxbazooka.com/en/news/show/400

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

August 30: Asian session

 

On Thursday the US dollar rocketed versus the euro, yen, Swiss franc and Canadian dollar as strong US data had increased the probability of QE tapering in September. Preliminary US Q2 GDP was revised up to 2.5% (vs. advance 2.2% and 1.7% in Q1). Jobless claims have also improved from a week earlier. As a result, the US and European stock markets closed in the green territory. Today the US will release a block of a slightly less important statistics, which still is expected to impact the markets.

 

EUR/USD is consolidating in the $1.3230/50 range on Friday following the yesterday’s drop from $1.3340 (by more than 100 pips). Germany will publish retail sales data at 6:00 GMT (growth is forecasted). We’ll also watch the Italian unemployment rate at 8:00 GMT (growth is expected) and the regional CPI and unemployment rate at 9:00 GMT.

 

GBP/USD traded in the negative zone yesterday for a third straight day, but held above the Thursday’s low of $1.5430. Today cable is trading a bit higher, climbing above the $1.5500 mark. USD/CAD rose to 1.0540 on the US data, reaching a weekly high. Canada will release June GDP at 12:30 GMT. The economy is forecasted to contract at a highest pace since 2009 (forecast: -0.4%, prior: 0.2%). USD/CHF jumped above 0.9300.

 

USD/JPY is trading under a slight pressure in the 98.10/50 range after two days of confident growth. Tonight data showed Japan core CPI rose by 0.7% in July from a year earlier, marking the second straight month of gains and hitting a five year high. Japan industrial production rose by 3.2% in July (below the 3.9% forecast, but much better than a month before).

 

AUD/USD is trading in a consolidation mode, holding above the $0.8900 mark. NZD/USD strengthened to $0.7780.

 

 

 

 

 

 

 

 

 

Have a profitable trade with FBS!

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Recent market news from FBS

 

 

 

Comment here: http://fxbazooka.com/en/news/show/416

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 

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More Forex news & analytics at FX Bazooka

 

 

 

 

 

Key currency options

 

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.3200, $1.3235, $1.3250, $1.3275, $1.3360, $1.3400;

 

GBP/USD: $1.5400, $1.5500;

 

USD/JPY: 97.50, 97.85, 97.90, 98.00, 98.90, 99.00, 99.50;

 

USD/CHF: 0.9220, 0.9300;

 

AUD/USD: $0.8860, $0.8880, $0.8890, $0.8900, $0.8925, $0.8940, $0.8950, $0.8970, $0.9000;

 

NZD/USD: $0.7745, $0.7900;

 

EUR/GBP: 0.8575.

 

 

 

 

 

http://fxbazooka.com/en/news/show/417

 

 

 

 

 

 

 

 

 

 

 

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.fxbazooka...n/news/show/412

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Market Analytics:FBS Markets Inc.

 

 

 

 

 

 

 

 

 


 

 

 

 

Sep 2: AUD, NZD rise, JPY falls

 

EUR/USD is trying to break the $1.3215/3190 range to the upside. On Friday the pair has found some support at $1.3175. Today watch the Spanish and Italian manufacturing PMIs (forecast – improvement). On Friday European stock markets closed the day in the red territory. GBP/USD opened the week with a bullish gap at $1.5530 and strengthened to $1.5570. Traders are looking forward to the UK manufacturing data at 8:30 GMT (the index is expected to reach its highest level since 2011).

 

USD/JPY rose to 98.67, resistance line descending from May high. Yen weakened as Prime Minister Shinzo Abe got backing for a sales-tax increase from panels that urged an increase in stimulus to cushion the economic blow. Nikkei stock index is up and the pair’s effectively wiping out the losses from the Syria-induced slide earlier last week. As for this country, the US decided to wait for Congressional approval before launching what might be a unilateral attack against the Syrian regime. USD/CHF opened the week with a small gap up. The pair touched 0.9335, but then eased lower, holding above the 0.9300 mark.

 

AUD/USD opened with a 40-pip gap up and is trading on the upside. NZD/USD also gapped up by about 30 pips. Aussie and kiwi gained after a Chinese factory gauge (manufacturing PMI) rose to a 16-month high, boosting trade prospects. USD/CAD initially rose to 1.5042 before sliding to 1.0516. Banks in the US and Canada are closed today for a holiday.

 


 

 

 


 

 

 

 

 

 

 

 

 

 

 

Have a profitable trade with FBS!

If you have any questions to our analysts, you're welcome to ask them in comments to this article!


 

 

 



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