internationallove Posted May 29, 2013 Author Share Posted May 29, 2013 Market Analytics:FBS Markets Inc. May 29: Asian session US consumer confidence released yesterday came much better than expected and investors are expecting more positive news from America: tomorrow the world’s largest economy will publish preliminary GDP growth figures for Q1 amid speculation the Federal Reserve will curb monetary stimulus. US treasury yields closed on Tuesday on the highest level in a year (10-year yield rose to 2.17%). EUR/USD dropped below $1.2900 yesterday and is now trading around $1.2850. There will be some important economic data from Germany in the coming session, including the most recent data on CPI and unemployment. Yesterday we’ve seen some really sour data from France where consumer confidence fell to the minimal level since 2008. USD/JPY touched 102.50 in the morning, but has lost growth momentum along with the Nikkei 225 index and dipped to the 102.00 support. As of writing, US dollar recovered to 102.30. Japanese retail sales contracted only by 0.1% vs. the forecasted 0.4% slump. BOJ’s head Kuroda spoke in Tokyo today but without saying anything new. GBP/USD is declining and approaching $1.5000. Pound is down from $1.5100 where it opened yesterday. USD/CAD is at 1-year highs around 1.0415. USD/CHF holds a bit below the Tuesday high of 0.9780. AUD/USD has decisively pulled through the $0.9600 level and dropped to $0.9550. PIMCO report released today showed a need for more RBA rate cuts as experts see the mining slowdown as a real threat to the Australian economy. The IMF has cut China’s growth outlook from 8% in 2013 and from 8.2% in 2013 to 7.75%, what also is a clear negative factor for the Australian economy. Australian construction work completed and new home sales came below the forecasts this morning. NZD/USD slipped to $0.8050 along with the Aussie. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/81 Quote Link to comment Share on other sites More sharing options...
internationallove Posted May 30, 2013 Author Share Posted May 30, 2013 Market Analytics:FBS Markets Inc. May 30: Asian session USD eased ahead of American data on Q1 economic growth (12:30 GMT), unemployment claims and pending home sales. The greenback failed to rally even as comments from Boston Fed President Rosengren were more hawkish then most anticipated. EUR/USD rose to levels around $1.2970. The EU softened its demands for austerity on Wednesday when it gave France, Spain and 4 other member states more time to bring their deficit levels under control so that they can support their ailing economies. GBP/USD recovered to $1.5170. USD/CAD slid to 1.0340. Loonie strengthened as outgoing Bank of Canada Governor Mark Carney left interest rates unchanged and retained his warning they could rise as economic growth progresses. USD/CHF extended the yesterday’s losses and slipped below 0.9600. USD/JPY had a volatile session, extending losses to 100.60. According to BoJ’s Chief Kuroda, data suggests inflation expectations are rising. Japan will release a bunch of important data today at 23:30 GMT, including the CPI figures. AUD/USD recovered to $0.9700. Australian dollar had a positive reaction on building approvals and 2013/14 planned CAPEX figures. NZD/USD trades slightly above $0.8100 after having touched $0.8160 yesterday. The RBNZ Governor Graeme Wheeler pushed NZD down by saying kiwi was ‘significantly overvalued’ and that he’s prepared to scale up intervention if it looks like it will work. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/88 Quote Link to comment Share on other sites More sharing options...
internationallove Posted May 31, 2013 Author Share Posted May 31, 2013 Market Analytics:FBS Markets Inc. May 31: Asian session US dollar weakened yesterday versus its counterparts due to lower than expected US GDP growth in Q1 (2.4% vs. the forecast of 2.5%). The market’s fears about the potential tapering of the Fed’s QE program eased and it was a good day for risk-on assets. EUR/USD is trading below yesterday’s high of $1.3060. European economic confidence rose from April’s 88.6 to 89.4, according to data released on Thursday. Today the euro zone’s calendar is full enough. Watch German retail sales, French consumer spending, Italian and euro zone’s unemployment and the region’s flash CPI (06-09:00 GMT). GBP/USD is above $1.5200 after it rose to $1.5240 yesterday. USD/CAD is trading just above 1.0300 after yesterday’s decline. USD/CHF has tested a new low at 0.9520, but recovered to 0.9550. USD/JPY is consolidating around the yesterday’s close at 100.80. Tonight Japan released a bunch of data that showed a better performance for the economy. Tokyo core CPI for May came at +0.1% y/y (expected -0.2%, prior was -0.3%). Japan preliminary industrial production for April rose by 1.7% m/m vs. expected 0.6%. AUD/USD trades in the negative territory around $0.9650 after two days of recovery from a low of $0.9520. NZD/USD hovers around $0.8080. New Zealand business confidence for May rose from 32.3 to 41.8. Traders are looking forward to the Chinese manufacturing PMI to be released on Saturday (forecast – negative). Today watch global stock and bond market as they will influence the currency trading. The US will release personal income, personal spending, Chicago PMI and the final March University of Michigan consumer confidence numbers in the evening (12:30-13.55 GMT). Also note that it’s the last day of the May and as USD rose this month, market players will need to sell it in order to rebalance their portfolios. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/91 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 3, 2013 Author Share Posted June 3, 2013 Market Analytics:FBS Markets Inc. June 3: currency review EUR/USD rose to the levels just above $1.3000. On the upside euro’s capped by the expectations before data forecast to show manufacturing in the currency bloc contracted for a 22nd month (watch the final data for May at 08:00 GMT today) and ahead of the ECB’s meeting on Thursday. The ECB’s President Mario Draghi gave no hints of what to expect from the central bank this week. Watch for ISM manufacturing PMI in the US (14:00 GMT). GBP/USD went up a bit to $1.5220. The UK will also release May manufacturing PMI (08:30 GMT). USD/JPY is quietly trading around 100.40 on Monday. Today’s data showed Japan’s Q1 capital spending contracted by 3.9% (vs. -6.0% expected). USD/CHF is consolidating at 0.9550. USD/CAD is trading around 1.0370. AUD/USD is consolidating at $0.9620 following a drop to $0.9550 on Friday. Chinese figures give contradictory signals: on the one hand, Chinese official manufacturing PMI on Saturday has unexpectedly improved (50.8 vs. previous 50.6 and forecasted 49.9). However, a report from HSBC showed today that their manufacturing PMI for China fell from 50.4 to 49.2 (lowest since October 2012). Australian retail sales rose by 0.2% in April following the 0.4% contraction in March (forecast: +0.3%). This week will be eventful for the Aussie traders: watch the RBA meeting on Tuesday and Australian Q1 GDP on Wednesday. NZD/USD holds at $0.7960. On Friday the pair plummeted by 150 pips and closed at $0.7945. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/93 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 3, 2013 Author Share Posted June 3, 2013 Market Analytics:FBS Markets Inc. EUR/USD: Elliot wave analysis Monthly. The pair may have finished forming the wave B of the rising Zigzag А-В-С. Wave B is in the form of the Triple Three [w]-[x]-[y]-[x]-[z]. EUR/USD currently keeps forming wave C. Let’s analyze the wave’s structure in detail. Chart. Monthly EUR/USD Daily. The pair has finished forming corrective wave [2] of the upside impulse. According to this assumption, one may expect growth in the wave [3] in the near term. Chart. Daily EUR/USD H4. We are now watching upside impulses of the wave (I) being formed. After the wave III is formed, there will be corrective wave IV. The approximate trajectory is shown on the picture. If this scenario won’t realize and we see no impulsive growth, this would mean that the wave ( isn’t yet finished. Chart. H4 EUR/USD By Roman Petuchov for FBS 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/analitycs/show/144 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 4, 2013 Author Share Posted June 4, 2013 Market Analytics:FBS Markets Inc. June 4: currency review EUR/USD tested levels above $1.3100 yesterday, but today opened below this handle. Weaker than expected ISM data from the US is thought to be the main driver of Monday’s move. Today watch for Spanish unemployment change and US trade balance. Volatility will remain high ahead of the ECB rate decision on Thursday and American employment data on Friday. USD/JPY recovered to 99.90 after having dipped on downbeat US data to 98.85 yesterday. GBP/USD spiked to $1.5375 and 8is now trading just above $1.5300. UK will release construction PMI today after yesterday it published encouraging manufacturing PMI. USD/CAD slid to 1.0260, but today recovered and approached 1.0300 once again. Canadian dollar gained the most in almost a year against its US counterpart. USD/CHF recovered to 0.9490 after the yesterday’s dip to 0.9400. AUD/USD is trading in the red around $0.9730 after a dip below $0.9700 earlier in the day. As expected, the RBA left interest rates on hold at 2.75%. RBA statement showed that the regulator still sees the Aussie overvalued and there is some scope for further easing if needed to support demand. Australia’s Q1 Current Account came at -8.5B vs. -9B expected. Yesterday’s attempts to rebound were capped by the $0.9800 mark. NZD/USD slipped to $0.8060 following a test of the levels above $0.8100 on Monday. New Zealand Treasury announced today that drought is expected to reduce GDP by 0.7% in 2013. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/93 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 5, 2013 Author Share Posted June 5, 2013 Market Analytics:FBS Markets Inc. June 5: currency review EUR/USD went a bit higher approaching $1.3100. Yesterday the pair formed a swinging top, but managed to close in positive territory. There are important events coming soon such as the ECB interest rate decision on Thursday and the release of US non-farm payrolls on Friday. Kansas City Fed President Esther George yesterday urged a reduction in the central bank’s bond-buying program as growth quickens. San Francisco Fed President John Williams said a “modest adjustment downward” in purchases is possible “as early as this summer”. Today market players will be watching US ADP employment report (12:15 GMT). Before that pay attention to Spanish and Italian services PMIs, euro zone’s retail sales for April and the region’s revised Q1 GDP. GBP/USD edged up to $1.5330. UK will publish services PMI today. Manufacturing and construction indices released earlier this week increased. USD/CAD reached 1.0365, but is now trading by 25 pips lower. Canadian building permits are due at 12:30 GMT. USD/CHF is trading in the 0.9500/0.9460 range. AUD/USD dropped quickly to the $0.9600 zone on the disappointing GDP figure release, but later on recovered to $0.9640. Australia’s Q1 GDP rose by 0.6% q/q (vs. +0.7% expected and prior +0.6%) and by 2.5% y/y (vs. +2.7% expected and prior +3.1%). Meanwhile, China HSBC Services PMI for May came at 51.2 (prior: 51.1), what is the second-lowest reading since August 2011. NZD/USD is trading in the positive territory around $0.8040 after a test of $0.8060 earlier in the day. ANZ commodity price index for May contracted by 1.6% m/m (vs. +12.6% prior). USD/JPY tried to rebound above the 100 mark, but was capped at 100.45 and slipped back to 99.60. The yen strengthened as Japan’s PM Abe disappointed the markets by not saying anything changing the game. He announced that long-term structural reform is the third of Abe's “three arrows” strategy for Japan's economy and includes measures like special economic zones to boost growth. The other two “arrows” are monetary and fiscal stimulus, which have already been put into place this year. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/101 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 6, 2013 Author Share Posted June 6, 2013 Market Analytics:FBS Markets Inc. June 6: currency review EUR/USD edged higher to $1.3100. Today is the ECB’s monetary policy decision and Mario Draghi’s press conference (11:45 and 12:30 GMT). Market players will be watching whether Draghi mentions anything regarding the possibility of negative interest rates. Also pay attention to French and Spanish 10-year debt auctions. USD/JPY dipped below 99.00, but later has found some support, recovering to 99.45. Today’s data showed that Japanese investors are selling more and more foreign bonds and stocks. Japan’s chief cabinet secretary Suga said today that it will take time for the whole country to escape deflation. GBP/USD is trading at $1.5400. The Bank of England also meets today (11:00 GMT). This is the last meeting for Mervyn king, the outgoing Governor of the central bank. The BoE is expected to keep policy unchanged. AUD/USD extends losses and has renewed a low at $0.9435. Data showed Australia’s April trade balance came at +28M vs. the previous +555M. NZD/USD dipped to $0.7900. USD/CAD is on the upside, at 1.0350, after yesterday’s doji candle spiking to 1.0380. New Bank of Canada governor Stephen Poloz speaks today (12:45 GMT). Canada will also release Ivey PMI (14:00 GMT). USD/CHF is consolidating at 0.9420. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/110 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 11, 2013 Author Share Posted June 11, 2013 Market Analytics:FBS Markets Inc. June 11: Asian session EUR/USD has reached $1.3290 today. Today the German Constitutional Court starts a 2-day public hearing on the legality of the European Central Bank’s “outright monetary transactions” (OMT) program. According to Associated Press, the Court is not expected to reject the OMT, but it may ask for additional guarantees or transfer the case to the European Court in Luxembourg. USD/JPY slipped to 98.20 following the yesterday’s recovery above 99.00. As a result of a two-day meeting, the Bank of Japan announced that the monetary policy remains on hold. The regulator has upgraded its economic assessment and underlined that some indicators suggest a rise in inflation expectations. Watch the Kuroda’s press-conference outcome at 7:15 GMT. GBP/USD edged higher touching $1.5600. The UK will release today manufacturing and industrial production data at 08:30 GMT, economists expect weaker readings. USD/CHF is consolidating around 0.9325 following the yesterday’s test of 0.9420. USD/CAD is consolidating in the 1.0210/0170 area. AUD/USD strengthened to $0.9480 on Monday, but failed to close the bearish gap. On Tuesday Aussie returned to the downside and has tested $0.9385 (lowest since September 2010), but is trading a bit above $0.9400 as of writing. Australia’s home loan growth came below the forecast at 0.8% m/m (previous: +4.8%, forecast: +2.1%). NAB business confidence came at -1. NZD/USD slipped to $0.7870, but remains above the yesterday’s low at $0.7820 (13-month high). 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/127 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 12, 2013 Author Share Posted June 12, 2013 Market Analytics:FBS Markets Inc. June 12: currency review EUR/USD reached $1.3317 yesterday and today it edged a bit down to $1.3300. Expectations for lower benchmark interest rates in the region decline. The ECB’s executive board member Benoit Coeure will speak today on the role of central banks in managing crisis and growth. The euro area will release industrial production figures at 09:00 GMT. GBP/USD rose to $1.5650 yesterday and today is consolidating just below this level. Today watch for British unemployment data at 08:30 GMT. USD/JPY strengthened from the daily low of 95.70 to 96.80 following the yesterday’s 300 pips drop. Yesterday’s Japan core machinery orders unexpectedly dropped by 8.8%. USD/CHF rose to 0.9255 following the Tuesday’s sharp drop. USD/CAD has managed to hold above support at 1.0170/80 in the recent days, though on the upside it has difficulties with holding above 1.0200. AUD/USD is trading at session lows around $0.9420 following a rise to $0.9500 earlier in the day. Westpac consumer sentiment unexpectedly rose by 4.7% vs. a 7.0% contraction in May. Yesterday the Aussie has renewed a low at $0.9330 (lowest since September 2010). NZD/USD is consolidating at $0.7870 following the yesterday’s dip to $0.7760. Today the Bank of New Zealand will release its monetary policy decision (21:00 GMT). Demand for USD was supported before a report tomorrow that may show that US retail sales increased by the most in 3 months. - See more at: http://www.fbs.com/analytics/2013-06-12/22917-june-12-asian-session#sthash.y6A1mN5l.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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/131 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 13, 2013 Author Share Posted June 13, 2013 Market Analytics:FBS Markets Inc. June 13: currency review EUR/USD renewed highs rising to $1.3369. Yesterday euro gained on positive data including CPI numbers and better than expected industrial production. Today the ECB will release its monthly bulletin (08:00 GMT). Yet, there are problems on the European background. Protests in Greece are intensifying, while German Constitutional Court is questioning the ECB’s ability to use the OMT and 10-year sovereign bond yields are on the rise again. GBP/USD is consolidating just below $1.5700. UK released yesterday better-than expected unemployment data. Today on the agenda there’s only a speech from the Bank of England’s Tucker (12:15 GMT). USD/CAD is trying to rise above 1.0220. USD/CHF slipped to 0.9170. USD/JPY dropped from 96.10 and hit a fresh 3-months low of 94.18 following the yesterday’s long-legged daily “doji”. Bank of Japan’s head Kuroda told PM Abe that Japan’s real economy is recovering steadily. The regulator offered to buy 200B yen debt with maturity 10+ years and to buy 450B yen debt with maturity 5 to 10 years. AUD/USD jumped above $0.9500 on the employment report release (key figures were better than expected) to a high of $0.9520, but plummeted to $0.9430 quickly after that. As of writing, Aussie recovered to $0.9465. Australian employment rose by 11K in May (forecast: -9.8K, prev.: 45.0K). Unemployment rate slipped to 5.5% (previous and forecast: 5.6%). NZD/USD dropped to $0.7895. As expected, RBNZ left the benchmark cash rate unchanged at 2.5%. RBNZ’s governor Wheeler said the NZD remains overvalued and the regulator is ready to intervene. Chinese markets reopened today after three days of holidays. The focus today will be on US retail sales data due at 12:30 GMT. The market players will be looking for hints about when the Fed might scale back its bond buying. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://fxbazooka.com/en/news/show/134 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 14, 2013 Author Share Posted June 14, 2013 Market Analytics:FBS Markets Inc. June 14: currency review The US released good retail sales and unemployment claims data. However, USD remains under pressure as a bounce-back in global equities made investors favor EUR and commodity currencies. EUR/USD has dipped to $1.3278 yesterday, but then recovered to the levels just below $1.3380. At the moment of writing the pair was in the $1.3350 area. GBP/USD peaked t o $1.5737 yesterday and is trading around $1.5700. USD/CHF rebounded above 0.9200. USD/CAD hit 1.0147 yesterday and is now trying to recover. It was a volatile session for USD/JPY: the pair rebounded to 95.80, then dipped to 94.40 and is now trading around 95.00. Dollar still holds above the yesterday’s two-month low of 93.80. Last night the Bank of Japan released minutes from its May 21-22 meeting, but there is not much new there. Members of the regulator agreed that the economy has started to pick up. Today Japan’s cabinet approved a set of measures to boost economic growth, known as a “three arrow strategy”. Prime Minister Abe has promised to take more steps “after next month’s upper house elections”. AUD/USD slipped back below $0.9600 after a three day bullish rebound from $0.9330 to $0.9665. NZD/USD slid from $0.8110 to $0.8050 despite the highest in 9 years New Zealand’s May manufacturing PMI (59.2 vs. 55.2 prior). - See more at: http://www.fbs.com/analytics/2013-06-14/22934-june-14-currency-review#sthash.ikLB85FK.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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/140 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 17, 2013 Author Share Posted June 17, 2013 Market Analytics:FBS Markets Inc. June 17-21: week ahead Let’s have a quick glance at the economic calendar of the forthcoming week. The main market-moving event is the Fed’s policy meeting on Wednesday. Market will be carefully watching for any hints on the terms of QE tapering. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/145 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 17, 2013 Author Share Posted June 17, 2013 Market Analytics:FBS Markets Inc. June 17: currency review Investors are still trying to guess about the outcome of the Fed’s June 18-19 meeting. On Friday data showed that US industrial output was worse than expected, while University of Michigan’s index of US consumer sentiment unexpectedly fell from a nearly 6-year high in early June. EUR/USD declined by about 25 pips from the opening level at $1.3345. The euro area is expected to post growth in trade surplus (09:00 GMT). Also pay attention to G8 meeting in Northern Ireland. GBP/USD is once again testing levels below $1.5700 after opening above this handle. USD/CAD is down by about 15 pips, to 1.0160. USD/JPY opened the week with a gap down at 94.10 and strengthened to 94.70. Nikkei index closed the day rising by 2%. Japan’s tertiary industry index came unchanged vs. a +0.2% growth expected. USD/CHF strengthened to 0.9240. AUD/USD closed the morning’s bearish gap and strengthened to $0.9620 (23.6% Fibo from the April-May dip). Weekend news showed a 5.1% decline in Australian gold production in Q1. Australia’s new motor vehicle sales for May came at 0.0% m/m vs. -1.7% prior. NZD/USD recovered to $0.8080. The New Zealand Institute of Economic Research maintained their 2013/14 GDP forecast at 2.7% and raised their 2014/15 forecasts to 3.1%. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/146 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 19, 2013 Author Share Posted June 19, 2013 Market Analytics:FBS Markets Inc. June 19: currency review EUR/USD is trading just below $1.3400 after testing levels above this handle during the US session yesterday. Volatility is likely to increase ahead of the FOMC economic projectionsdue out at 18:00 GMT, followed by the Fed’s policy statement and press conference at 18:30 GMT. Euro was near a 4-month high ahead of data tomorrow forecast to show a euro-area services and factory output gauge improved. GBP/USD slid from Monday’s high at $1.5750 to the levels around $1.5630. The Bank of England’s MPC will release its last meeting minutes at 08:30 GMT and the outgoing Governor Mervyn King will speak at 20:00 GMT. USD/JPY is having a calm session, consolidating around 95.30. Growth attempts were capped by the 95.65 resistance. Data showed Japan’s May trade deficit contracted more than expected as exports improved significantly. The Bank of Japan’s Governor Kuroda expects the financial markets to stabilize as Japan’s economy improves. USD/CHF is consolidating around 0.9200. AUD/USD dipped to $0.9435 in the morning trade, but later recovered to daily highs around $0.9490. Australia’s April conference board leading economic index rose by 0.3% vs. prior +0.1%. NZD/USD recovers for a second day in a row, but stays below $0.8000. Tonight watch the New Zealand Q1 GDP (growth is expected to slow). USD/CAD keeps slowly pushing higher. For now it reached 1.0240 today. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/157 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 20, 2013 Author Share Posted June 20, 2013 Market Analytics:FBS Markets Inc. June 20: currency review The greenback strengthened versus its counterparts as the Fed’s Chairman Ben Bernanke said the central bank could reduce its bond buying this year and end it in 2014 if the economy achieves sustainable growth. US housing and manufacturing data due today may add to the case for reduced monetary stimulus. EUR/USD slid from yesterday’s high at $1.3415 to $1.3250. The leading euro zone’s nations will release flash June PMI figures today (some improvement is expected), Spain will conduct 10-year bond auction, while finance ministers of 17 euro area economies are to have a meeting. GBP/USD lost more than 150 pips yesterday, breached support at $1.5555 (200-day MA) and is now trading in the $1.5430 area. Watch British retail sales at 08:30 GMT. USD/JPY edged higher in the Asian trade and tested the levels above 97.00 following the yesterday’s post-FOMC jump. According to Moody’s agency, Abenomics does not guarantee the revitalization of economy. In their view, Japan needs more incentives to boost business investment. USD/CHF recovered to the levels above 0.9300. AUD/USD extended losses to $0.9240 after the yesterday’s 250 pips drop. Downbeat China’s HSBC June flash manufacturing PMI (48.3 vs. 49.1 expected - worst for 9 months) increased pressure on the Aussie. NZD/USD lost ground and dropped to $0.7820. Yesterday New Zealand published a worse-than-expected Q1 GDP (+0.3% q/q vs. +0.5% expected). USD/CAD rose almost reaching 1.0300. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/162 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 21, 2013 Author Share Posted June 21, 2013 Market Analytics:FBS Markets Inc. June 21: currency review EUR/USD recovered from yesterday’s low at $1.3160 touching $1.3250 today. Euro snapped a 2-day decline before data today on the region’s current-account balance (08:00 GMT), which climbed to a record in March amid speculation investors repatriated funds from emerging markets. GBP/USD spiked down to $1.5414 on Thursday and is now trading just below $1.5500. Watch for UK public sector net borrowing data at 08: 30 GMT. USD/JPY dipped from yesterday’s high of 98.20 to 96.70 earlier in the day, but has recovered to 97.90. Nikkei climbed by 1.7%. Japan’s officials made some comments on the possibility of tax rate cuts. USD/CHF is consolidating around 0.9260. AUD/USD recovered from yesterday’s lows of $0.9160 to $0.9250. Aussie found support as China’s credit fears eased. China’s repo rates reduced with average 7-day repo rate at 8.1% and 1-day repo at 7.9%, both over 3.5-4% lower on the day. NZD/USD rebounded from yesterday’s $0.7710 and has tested $0.7800. Data showed June ANZ consumer confidence improved by +0.2% to 123.9 (vs. prior +3.8% to 123.7). USD/CAD almost reached 1.0400 yesterday and is now trading in the 1.0370 area. Canada will release inflation and retail sales data at 12:30 GMT. - See more at: http://www.fbs.com/analytics/2013-06-21/22971-june-21-currency-review#sthash.mXzZaPSI.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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/169 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 24, 2013 Author Share Posted June 24, 2013 Market Analytics:FBS Markets Inc. June 24-28: week ahead FBS analysts have chosen the main economic events of the coming week, that are likely to influence the market. - See more at: http://www.fbs.com/analytics/2013-06-24/22973-june-24-28-week-ahead#sthash.adzi40H3.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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fbs.com/analytics/2013-06-24/22973-june-24-28-week-ahead Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 24, 2013 Author Share Posted June 24, 2013 Market Analytics:FBS Markets Inc. GBP/USD: Elliot wave analysis Weekly. On the weekly chart there’s a global Zigzag A-B-C. The pair keeps forming the wave С which aims at the level 1.1 where the pair was last seen in 1985. - See more at: http://www.fbs.com/analytics/2013-06-24/22978-gbpusd-elliot-wave-analysis#sthash.TUipJ9EY.dpuf Chart. Weekly GBP/USD H12. GBP/USD keeps forming corrective wave ( which may take the shape of a Zigzag. - See more at: http://www.fbs.com/analytics/2013-06-24/22978-gbpusd-elliot-wave-analysis#sthash.TUipJ9EY.dpuf Chart. H12 GBP/USD H4. The wave a looks complete. So, we expect corrective wave b to form in the near term. - See more at: http://www.fbs.com/analytics/2013-06-24/22978-gbpusd-elliot-wave-analysis#sthash.TUipJ9EY.dpuf Chart. H4 GBP/USD By Roman Petuchov for FBS 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/analitycs/show/253 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 24, 2013 Author Share Posted June 24, 2013 Market Analytics:FBS Markets Inc. Market Analytics:FBS Markets Inc. AUD/USD: technical levels AUD/USD is consolidating below $0.9250. Aussie seems firmly capped on the upside. There’s a divergence on the daily MACD, but further resistance lies at $0.9325 (June 11 low) and $0.9400. The downtrend is firmly in place. On the downside, the pair renewed low today touching $0.9146, the lowest level since 2010 (the area of 38.2% Fibo retracement of the advance in 2008-2011). The close below this level will be a negative signal making the pair vulnerable for a decline to $0.9100, $0.9090 (Sep 7, 2010, low) and $0.9050. Watch US durable goods orders, CB consumer confidence and new home sales released tomorrow at 12:30-14:00 GMT. Chart. Daily 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/analitycs/show/260 AUD/USD: technical levels AUD/USD is consolidating below $0.9250. Aussie seems firmly capped on the upside. There’s a divergence on the daily MACD, but further resistance lies at $0.9325 (June 11 low) and $0.9400. The downtrend is firmly in place. On the downside, the pair renewed low today touching $0.9146, the lowest level since 2010 (the area of 38.2% Fibo retracement of the advance in 2008-2011). The close below this level will be a negative signal making the pair vulnerable for a decline to $0.9100, $0.9090 (Sep 7, 2010, low) and $0.9050. Watch US durable goods orders, CB consumer confidence and new home sales released tomorrow at 12:30-14:00 GMT. Chart. Daily 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka...litycs/show/260 [/center] Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 25, 2013 Author Share Posted June 25, 2013 Market Analytics:FBS Markets Inc. June 25: currency review US dollar retraced some gains yesterday after Dallas Fed President Richard Fisher said investors shouldn’t overreact to the central bank’s plan to slow bond purchases. Investors are looking forward to the release of US durable goods orders at 12:30 GMT, analysts expect that the growth of the indicator has slowed down. EUR/USD is consolidating in the $1.3100/50 area after last week’s decline. The single currency’s trading on the upside. GBP/USD closed the week’s opening gap yesterday and rose to $1.5450 today. AUD/USD dropped to the $0.9200 support, but later edged a bit higher. NZD/USD touched $0.7700. Commodity currencies are under pressure as Chinese shares keep falling, pulling down most other Asian stock markets. On Monday Shanghai Composite index dropped by 5.3% (4-year high) to the levels below 2000. On Wednesday the index extends losses, falling by 4%. There are worries that China’s tight liquidity could threaten the nation’s economic growth. Yesterday China’s GDP forecast downgrade is increasing the concerns. USD/CAD is trading just above 1.0500 after peaking to 1.0556 yesterday. USD/JPY is trading in the negative territory, supported by the 97.30 mark. USD/CHF recovered to 0.9335 following the yesterday’s drop. Today the SNB member Fritz Zurbrugg speaks in Lugano. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/179 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 26, 2013 Author Share Posted June 26, 2013 Market Analytics:FBS Markets Inc. June 26: currency review US dollar strengthened as American data kept improving. Today watch the release of the nation’s final Q1 GDP at 12:30 GMT. Economists expect the confirmation of 2.4% growth estimate. Shanghai Composite index is trading down by 0.5%, but is feeling much better on Wednesday. However, China Securities Journal expects it will be July before significant improvement in liquidity is seen. Meanwhile, gold plummeted to a new low just below $1250. EUR/USD met resistance at $1.3150 yesterday. Today euro touched a 3-week minimum at $1.3956 after the ECB President Mario Draghi said yesterday the region still requires loose monetary policy. He is scheduled to speak today as well. European finance ministers will meet today to discuss the distribution of costs in future collapses of European banks ahead of EU summit on Thursday. The latest round of conversation hit an impasse over the weekend. GBP/USD is standing still around $1.5420. The Bank of England will release its Financial Stability Report at 09:30 GMT accompanied with a speech from the outgoing governor Mervyn King. At 11:30 GMT Britain will release Government Spending Review. USD/JPY touched 98.20, but later returned back below the 98.00 mark, testing 97.60. USD/CHF is consolidating slightly below the 0.9400 mark. AUD/USD is consolidating in the $0.9240/80 area, higher from Monday’s low of $0.9150. NZD/USD is trading in lower part of the $0.7715/50 range. New Zealand is scheduled to release its trade balance (trade surplus is forecasted to increase) and ANZ business confidence tonight. According to RBNZ Governor Wheeler, economy will face challenges in the next 3 years. USD/CAD is testing levels below 1.0500. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/182 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 27, 2013 Author Share Posted June 27, 2013 Market Analytics:FBS Markets Inc. June 27: currency review The greenback weakened before the Fed’s policymakers are scheduled to speak today as the central bank considers whether the economy is strong enough to taper its stimulus program. Richmond Fed President Jeffrey Lacker said yesterday the Fed isn’t close to reducing its bond holdings. Today we’ll here from New York Fed President William C. Dudley and Atlanta Fed President Dennis Lockhart. EUR/USD recovered to $1.3035 after hitting $1.2985 yesterday. EU finance chiefs struck an agreement on how to handle failing banks. Today is the first day of the EU economic summit. Also watch for German unemployment and the euro zone’s confidence readings as key data to gauge the next possible move by the ECB. Italy will sell 10-year bonds. GBP/USD went up to $1.5345 after testing levels below $1.5300 yesterday. Britain will release final GDP reading and current account figures. USD/JPY keeps consolidating in the narrow 97.60/90 range. Tonight watch a bunch of important Japan data, including CPI industrial production and retail sales. USD/CHF edged lower to $0.9410 from yesterday’s high of $0.9440. Shanghai Composite index is trading in the positive territory despite the fact that Fitch agency has cut China GDP growth forecast to 7.5% for 2013. AUD/USD strengthened to $0.9340 in the Asian trade. NZD/USD rose to $0.7835. On Wednesday the pair peaked at $0.7860, but closed the day below $0.7800. ANZ Business Confidence for June jumped to 50.1 vs. prior 41.8. RBNZ Deputy Governor Spencer said that New Zealand interest rate rises are not the right policy at this time. New Zealand May trade balance came at 71M (vs. expected 427M). USD/CAD declined to 1.0430. - See more at: http://www.fbs.com/analytics/2013-06-27/22987-june-27-currency-review#sthash.2M5wruUs.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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/190 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 28, 2013 Author Share Posted June 28, 2013 Market Analytics:FBS Markets Inc. June 28: currency review USD/JPY extended the upside on Friday, testing the 99.00 mark following the yesterday’s data releases. Japan’s industrial production for May rose by 2.0% m/m, 10 times better than was expected (forecast: +0.2%, prior: +0.9%). Retail sale rose in May by 0.8% y/y (expected: 0.0%, prior: -0.2%). Inflation figures are still not inspiring despite a slight improvement: National CPI for May contracted by 0.3% y/y (expected: -0.4%, prior: -0.7%), while Tokyo CPI for June came at 0.0% y/y (expected +0.1%, prior -0.2%). Nikkei index moved above the 13500 points mark for first time in last 2 weeks, gaining more than +2% today. AUD/USD recovered to $0.9270 following an earlier dip to $0.9215. NZD/USD rebounded to $0.7815 after a dip to $0.7755. Risky currencies are supported by the strong rebound in the China’s Shanghai index. USD/CAD is trading on the downside, just above 1.0450. EUR/USD is trading on the upside for the second day in a row. Euro has managed to recover to the $1.3070/80 area from a four-week trough around $1.2985 hit on Wednesday. German retail sales increased in May by 0.8% vs. 0.2% growth expected. GBP/USD rose to levels around $1.5270 after testing $1.5200 on Thursday. USD/CHF is trading lower from the yesterday’s peak at 0.9490. Switzerland will release KOF economic barometer at 7:00 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/news/show/196 Quote Link to comment Share on other sites More sharing options...
internationallove Posted June 28, 2013 Author Share Posted June 28, 2013 Market Analytics:FBS Markets Inc. End of quarter, end of month Today is the last day of June and the second quarter, which is usually one of the busiest trading days in a year, as passive managers will rebalance their portfolios by selling the outperforming assets and buying the underperforming ones. Analysts at Barclays think that month-end rebalancing of currency hedges in bond and equity portfolios may drive dollar buying as US assets have relatively underperformed to the rest of world on the speculation that the Fed may start tapering bond purchases if the economy and labor market improve as forecast. The S&P 500 stock index has rallied 2.6% over the past 3 days, the most since Jan. 4 and paring its decline for June to 1.1 percent. The index lost more than 5% from May 21 through June 24. Strategists at RBC say that their month-end model will probably send USD-bullish signals against GBP, AUD and CAD. 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! More news and analytics here >>Welcome to FXBazooka.com<< Comment here: http://www.fxbazooka.com/en/analitycs/show/283 Quote Link to comment Share on other sites More sharing options...
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