internationallove Posted September 24, 2013 Author Share Posted September 24, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Danske Bank: outlook for EUR/USD According to Danske Bank strategists, the US dollar is likely to weaken in the coming month following the decision by the Fed to postpone tapering of its QE programme. They now see EUR/USD at $1.3300 (previously $1.3100) in 3-month time but could see the pair as high as $1.3700 in 1 month if early October data prove disappointing. “Beyond a 3-month horizon, the Fed is likely to have laid out a tapering plan, which should induce a shift back in focus to the fact that the Fed will still be a first-mover on reining in easing among major central banks. This should pave the way for a move in relative rates weighing on EUR and we have kept a downward profile on EUR/USD on the medium-term horizon but now see the pair at $1.3000 in 6 months ($1.2800), heading lower towards $1.27 in 12 months ($1.2500).” 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://fxbazooka.com/en/analitycs/show/656 Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 24, 2013 Author Share Posted September 24, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka ANZ: AUD/USD could go higher ANZ strategists remain short-term bullish for AUD/USD as long as the $0.9380 support holds. They see the current Aussie strength as corrective, but concede that ther upside could extend to $0.9720. Drop below $0.9380 would open the way to $0.9200. "The squeeze above channel resistance reached $0.9510 (38.2% of the fall since April) faster than anticipated and so raises the potential for continued gains through the dubious “head and shoulders” target of $0.9600/20 for a possible 50% squeeze to $0.9720." 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://fxbazooka.com/en/analitycs/show/657 Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 24, 2013 Author Share Posted September 24, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka ANZ: bullish on NZD/USD ANZ strategists now believe that NZD/USD has potential for a test of declining resistance at $0.8625/30 and previous high in the $0.8790/0.8845 area. "Kiwi strength no longer looks like a corrective squeeze, but rather a relatively dynamic leg within the broad consolidation pattern (or triangle) that has been developing since 2011. Key support lies at $0.8250". 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://fxbazooka.com/en/analitycs/show/658 Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 24, 2013 Author Share Posted September 24, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Commerzbank: USD/JPY outlook Commerzbank strategists believe that USD/JPY will be supported as long as the 97.50 level holds: “Our initial upside target is the 100.62 September high then 101.54/60 July high and the Fibonacci retracement, with a long term Fibonacci retracement offering a 105.48 resistance point above here.” Break below 97.50 would switch their outlook to neutral as the risk will increase of further slippage to 95.97 (200-day MA). 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://fxbazooka.com/en/analitycs/show/659 Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 25, 2013 Author Share Posted September 25, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka September 25: kiwi trading lower It was another quiet Asian session with an increased demand for safe currencies. US budget discussions continued weighing on the risk appetite. USD/JPY is trading under pressure around 98.60. Meanwhile, USD/CHF has recovered some ground to $0.9140 after a period of tight consolidation. AUD/USD has once again weakened to the $0.9370 support. NZD/USD has extended the downside to $0.8220. New Zealand’s dollar fell after the nation’s trade deficit unexpectedly widened. USD/CAD is consolidating around 1.0300. EUR/USD is trading in the narrow $1.3460/80 range. German GfK consumer climate rose to the highest level since the year 2007. GBP/USD has recovered some ground after having slipped below 1.6000 earlier in the day. Later in the day US will release durable goods orders and new home sales data (forecasts – improvement). - See more at: http://www.fbs.com/analytics/2013-09-25/23453-september-25-asian-session#sthash.zd5F3aoN.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/2013-09-25/23453-september-25-asian-session Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 25, 2013 Author Share Posted September 25, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka EUR/USD: Ichimoku analysis Daily. The EUR/USD currency pair formed new local highs last week (1.3570) before entering a corrective phase. The pair has been declining towards Tenkan-sen for the last 3 days, but the overall bullish trend persists. Bullish Ichimoku cloud and the "golden cross" all speak in favor of further growth (С). Next support levels are seen at 1.3410 and 1.3370. Note that Chinkou Span is also approaching the price support. A bullish bounce is possible in the near term. - See more at: http://www.fbs.com/analytics/2013-09-25/23459-eurusd-ichimoku-analysis#sthash.lnD9gr91.dpuf Chart. Daily EUR/USD H4. The H4 chart also confirms the corrective phase on the market. The pair has been depreciating since Monday inside of the Tenkan-Kijun channel. Note that the price has already reached the lower border of that channel, so there is a chance for an upward reversal. However, pay attention to the "dead cross" (С). As a result, we concede a consolidation around the current levels or even a decline towards the interim support at 1.3450. The overall trend here is also bullish (see Senkou Span A). Chart. H4 EUR/USD Tatiana Norkina 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-09-25/23459-eurusd-ichimoku-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 25, 2013 Author Share Posted September 25, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka USD/JPY: Ichimoku analysis Daily. There is an untypical situation on the dollar/yen market. Last week we expected the price to continue growth (fix above Tenkan-sen was a buying signal, actually). However, yen edged higher, taking the pair into the 97.80 area (bottom of the daily Cloud). The market doesn’t look so optimistic anymore: on Wednesday the bears are testing the levels below the Kijun support (98.70). Fix below this line will negate the bullish prospects for an uncertain period of time. Chart. Daily USD/JPY H4. It is not so easy for the bears to resume the uptrend – the upper boundary of the H4 bearish cloud is a strong resistance for now. On the other hand, the lower boundary is acting as a support. We concede that a fix around 98.50/60 can trigger a sharp appreciation of the pair. Fix below this area could open the way to 97.50. Chart. H4 USD/JPY Tatiana Norkina 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-09-25/23462-usdjpy-ichimoku-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 25, 2013 Author Share Posted September 25, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka GBP/USD: Ichimoku analysis Daily. GBP/USD has also corrected to the downside this week after having reached new extremes last week (1.6160). The currency pair has declined to the Tenkan-Sen support (TS) at the level of 1.5950/1.5970, but it is only the beginning: Chinkou Span shows the pair is strongly overbought. Consequently, in a longer term there is a risk of falling to the Kijun-Sen (KS). Note that this support is just below the 1.5800 figure. In general, the positive market view is still relevant: there is a gold cross, the cloud is bullish. Chart. Daily GBP/USD H4. The correction is better seen on the H4 chart. This week the lines have crossed above the bullish cloud, forming a dead cross ©. Cable is now traded below the Tenkan and Kijun lines. The upper border of the Cloud is creating some support in the 1.5960-1.6000 range, but the descending Kijun-Sen (KS) confirms the idea that in the near future we should expect a continuing downward short-term trend. Breaking through the 1.5960 support will open the way to the 1.5900 figure. The next strong level is 1.5870. Chart. H4 GBP/USD Tatiana Norkina 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-09-25/23460-gbpusd-ichimoku-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 30, 2013 Author Share Posted September 30, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Sep 30: government shutdown looms Demand for the safe currencies surged on the weekend news that in Italy Berlusconi’s party withdrew support from the prime-minister Letta. Italy is now under threat of parliament dissolution and new election. EUR/USD has opened the week with a bearish gap at $1.3490, strengthened a little, but remains capped at $1.3505. Euro zone will release German retail sales and flash CPI today. Don’t forget about the ECB meeting coming on Wednesday. GBP/USD has eased to $1.6150 after having touched $1.6180 earlier in the session. USD/JPY opened with a gap down at 97.65 after closing at 98.23 on Friday. Then the greenback recovered to 98.05. US dollar dropped to a one-month low against yen as political wrangling over the budget threatened a US government shutdown from tomorrow. Japanese Prime Minister Shinzo Abe is due to outline his plans tomorrow for taxes and an economic-support package. USD/CHF is trading in the 0.9055 area, still above Friday’s low at 0.9020. AUD/USD tested 0.9280, but is once again trading above $0.9300. NZD/USD tested $0.8250, but then returned to $0.8280. Australian data released earlier today came out basically in-line with expectations. Chinese HSBC PMI was revised a bit down, but is still above the 50 handle. Later today traders will be monitoring the release of the Chicago PMI in the US (13:45 GMT). USD/CAD opened with a bullish gap and slipped to $1.0300. Canada will release monthly July GDP at 16:30 GMT (rather strong growth expected). - See more at: http://www.fbs.com/analytics/2013-09-30/23465-sep-30-government-shutdown-looms#sthash.hIEeRdUb.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/2013-09-30/23465-sep-30-government-shutdown-looms Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 30, 2013 Author Share Posted September 30, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka EUR/USD: Elliot wave analysis Weekly. The corrective wave ( is close to an end. Chart. Weekly EUR/USD Daily. The wave e of the horizontal triangle is close to an end. This wave is taking form of the double Zigzag, so let’s analyze its structure in detail. - See more at: http://www.fbs.com/analytics/2013-09-30/23470-eurusd-elliot-wave-analysis#sthash.d6mtrLLK.dpuf Chart. Daily EUR/USD H4. The pair has started forming a rising impulse wave (С) in line according to our baseline scenario. The alternative variant is that the pair will keep forming the horizontal wave (В). Both variants are shown at the picture. - See more at: http://www.fbs.com/analytics/2013-09-30/23470-eurusd-elliot-wave-analysis#sthash.d6mtrLLK.dpuf. Chart. H4 EUR/USD 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-09-30/23470-eurusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 30, 2013 Author Share Posted September 30, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka USD/JPY: Elliot wave analysis Daily. The pair keeps forming a global corrective wave - See more at: http://www.fbs.com/analytics/2013-09-30/23472-usdjpy-elliot-wave-analysis#sthash.eLfPRRdT.dpuf Chart. Daily USD/JPY H4. The pair’s is forming the wave (E) of . Let’s examine its structure in detail - See more at: http://www.fbs.com/analytics/2013-09-30/23472-usdjpy-elliot-wave-analysis#sthash.eLfPRRdT.dpuf Chart. H4 USD/JPY H1. We are now witnessing formation of the corrective wave b. this wave is taking form of a Zigzag. The wave [C] will soon end. - See more at: http://www.fbs.com/analytics/2013-09-30/23472-usdjpy-elliot-wave-analysis#sthash.eLfPRRdT.dpuf Chart. H1 USD/JPY 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-09-30/23472-usdjpy-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted September 30, 2013 Author Share Posted September 30, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka GBP/USD: Elliot wave analysis Weekly. The formation of the wave [iI] is close to an end. - See more at: http://www.fbs.com/analytics/2013-09-30/23468-gbpusd-volnovoy-analiz#sthash.X7WhmF5u.dpuf Chart. Weekly GBP/USD Daily. The pair has almost finished upside impulse in the wave (С). - See more at: http://www.fbs.com/analytics/2013-09-30/23468-gbpusd-volnovoy-analiz#sthash.X7WhmF5u.dpuf Chart. Daily GBP/USD H4. The marking at Н4 shows that we are witnessing the formation of the final upside wave [5]. After this wave is complete, the pair may start a new downtrend. - See more at: http://www.fbs.com/analytics/2013-09-30/23468-gbpusd-volnovoy-analiz#sthash.X7WhmF5u.dpuf Chart. H4 GBP/USD 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-09-30/23468-gbpusd-volnovoy-analiz [/b] Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 1, 2013 Author Share Posted October 1, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 1: US government shuts down US dollar weakened against most major peers after a partial shutdown of the US government began as the wrangling between Senate Democrats and House Republicans threatened to stunt growth at a time when the central bank is weighing a tapering of stimulus. EUR/USD is trading on the upside. The pair tested $1.3550, though it’s still below yesterday’s high at $1.3556. Watch the European data at 07:15-07:55 GMT. GBP/USD rose to $1.6246, the highest level since Jan. 3. Britain will release manufacturing PMI at 08:30 GMT (forecast: 57.5; previous: 57.2). USD/JPY tested 98.78, but then slid to 98.00 handle. Yen fell briefly after the Bank of Japan’s quarterly Tankan survey beat economists’ estimates, and Prime Minister Shinzo Abe said the sales tax would rise to 8% in April. USD/CHF is trading on the downside staying just above the recent lows at 0.9020. AUD/USD rose from $0.9314 to $0.9400. Australian dollar strengthened as the Reserve bank of Australia kept interest rates unchanged and the nation’s retail sales came slightly higher than expected. NZD/USD is trading around $0.8300 after it tested $0.8270 earlier today. USD/CAD is trading at 1.0310 after reaching 1.0330. Canadian dollar touched a 4-day high after a report showed gross domestic product increased at the fastest pace in 2 years in July. - See more at: http://www.fbs.com/analytics/2013-10-01/23491-oct-1-us-government-shuts-down#sthash.bWAgWVxe.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/2013-10-01/23491-oct-1-us-government-shuts-down Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 1, 2013 Author Share Posted October 1, 2013 Market Analytics:FBS Markets Inc. 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: $1.3450, $1.3460, $1.3550, $1.3570, $1.3575, $1.3580, $1.3590, $1.3600; GBP/USD: $1.6130, $1.6170; USD/JPY: 97.00, 97.50, 97.95, 98.00, 98.20, 99.00, 99.30, 100.00; AUD/USD: $0.9320, $0.9400; USD/CAD: 1.0310; NZD/USD: $0.8260, $0.8345; EUR/JPY: 133.50; EUR/GBP: 0.8350; EUR/CHF: 1.2245. 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/562 Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 2, 2013 Author Share Posted October 2, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 2: ahead of the ECB meeting US dollar halted losses against most major peers before a private ADP report forecast to show companies in the US added jobs at a faster pace (12:15 GMT). American lawmakers still need to agree on raising the debt limit to avoid a default after Oct. 17, following the government’s first partial shutdown in 17 years. Ben Bernanke will speak at 19:30 GMT preceded by the FOMC member Rosengren at 16:00 GMT. EUR/USD made a 60-pip spike up yesterday and is little changed today trading in the $1.3520/10 area. Euro retreated from an 8-month high versus the dollar before the ECB meets today for the first time since President Mario Draghi said he’s ready to inject cash into the banking system. The results of the meeting will be due at 11:45 GMT. The press conference starts at 12:30 GMT. In addition, Italian Prime Minister Enrico Letta is scheduled to address the Senate from 07:30 GMT, which will then hold the vote of confidence, followed later in the day by the Chamber of Deputies lower house. Spanish unemployment change is released at 07:00 GMT. GBP/USD spiked up to $1.6260 on Tuesday, but then closed below $1.6200 and is now trading in the $1.6170 area. Watch UK construction PMI at 08:30 GMT (forecast: 60.1: previous: 59.1). USD/JPY fell to 97.60. The greenback is sliding for the second day in a row. USD/CHF spiked down to 0.8990 yesterday, but is now trading around 0.9060. AUD/USD dropped from $0.9410 to $0.9360. Australian data (building approvals & trade balance) came worse than expected. NZD/USD is trading on the downside in the $0.8220 area after it fell from today’s high at $0.8280, but above today’s low at $0.8192. The RBNZ Assistant Governor John McDermott said that NZ rates should be stimulatory for some time. USD/CAD is testing resistance area of 1.0330/40. - See more at: http://www.fbs.com/analytics/2013-10-02/23498-oct-2-ahead-ecb-meeting#sthash.TYFe1cxs.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/2013-10-02/23498-oct-2-ahead-ecb-meeting Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 2, 2013 Author Share Posted October 2, 2013 Market Analytics:FBS Markets Inc. 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: $1.3420, $1.3500, $1.3525, $1.3530, $1.3550, $1.3590, $1.3600, $1.3615; GBP/USD: $1.6100, $1.6200; USD/JPY: 97.00, 98.00, 98.50, 99.00, 99.40; AUD/USD: $0.9350; USD/CAD: 1.0295; GBP/JPY: 158.85. 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://fxbazooka.com/en/news/show/565 Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 3, 2013 Author Share Posted October 3, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 3: EUR at 8-month high EUR/USD keeps attacking $1.3600. Yesterday the pair reached this handle, but then closed at $1.3577. Today euro rose to 8-month high at $1.3523. US dollar declined as US government’s partial shutdown continued, adding to concern it will slow economic growth and postpone a tapering of monetary stimulus. Demand for euro rose before a report forecast to show retail sales in the currency bloc rose in August (09:00 GMT). GBP/USD is trading on the upside above $1.6200, though below yesterday’s high at $1.6250 and below Tuesday’s high at $1.6260. USD/JPY rose to 97.78 from yesterday’s minimum at 97.14. Yen declined as Asian stocks rallied. MSCI's broadest index of Asia-Pacific shares outside Japan swung 1% higher. Share markets find comfort in expectations major central banks might now have to keep monetary policy super-loose for longer and also in an upbeat survey on China’s huge services sector. USD/CHF is trying to hold above 0.9000. AUD/USD is consolidating below $0.9400. NZD/USD is trading below resistance in the $0.8430/40 area. USD/CAD touched 1.0317 after yesterday’s spike up to 1.0356. - See more at: http://www.fbs.com/analytics/2013-10-03/23511-oct-3-eur-8-month-high#sthash.GfNVhFgp.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/2013-10-03/23511-oct-3-eur-8-month-high Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 3, 2013 Author Share Posted October 3, 2013 Market Analytics:FBS Markets Inc. 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: $1.3475, $1.3500, $1.3550, $1.3600, $1.3660; GBP/USD: $1.6170, $1.6175, $1.6200, $1.6350; USD/JPY: 97.25, 97.50, 98.20, 98.25, 98.80, 99.00; AUD/USD: $0.9280, $0.9350, $0.9365, $0.9400, $0.9450, $0.9465; EUR/GBP: 0.8290, 0.8380; EUR/AUD: 1.4490. 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/571 Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 4, 2013 Author Share Posted October 4, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Oct. 4: NFP is delayed US government remains partially shut down, and the release of the key jobs report (NFP) is delayed. So, the outlook for when the Federal Reserve will taper stimulus became even more uncertain. EUR/USD reached $1.3646 yesterday. Today the pair’s trading on the upside, on the $1.3630 area. German PPI kept contracting. GBP/USD is trading in the $1.6150/70 area after it declined from levels above $1.6200 yesterday. USD/JPY is just above 97.00. The pair’s trading on the downside for the fourth day in a row. The Bank of Japan left its monetary policy unchanged. USD/CHF is trading in the 0.8990/80 area after it slid below 0.9000 yesterday. AUD/USD rose to $0.9445. Aussie rose amidst a totally empty data calendar day regarding both the Australia and the US. NZD/USD returned above $0.9300. USD/CAD keeps consolidating above 1.0300. The pair’s trading in the narrowest range since April as the market players are concerned about the situation in the US, Canada’s largest trading partner. - See more at: http://www.fbs.com/analytics/2013-10-04/23522-oct-4-nfp-delayed#sthash.BxaU3xub.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/2013-10-04/23522-oct-4-nfp-delayed Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 4, 2013 Author Share Posted October 4, 2013 Market Analytics:FBS Markets Inc. More Forex news & analytics at FX Bazooka Why doesn’t US government reopen? President Barack Obama canceled visits to Malaysia, the Philippines, Indonesia and Brunei planned this week. The US government remains partially shut for the fourth day as Obama and Republicans battle over funding. The President met with Congressional leaders from both sides on Wednesday. However, according to the comments, both sides are unwilling to compromise and blame each other for this situation. The White House later issued a brief statement, urging Republican House Majority Leader John Boehner to put the budget to an open vote in the House of Representatives, where a bipartisan majority would likely pass it instantly. That might not be so simple, however. Moderate Republicans have said they think they could provide enough votes to join with minority Democrats and push a bill through the House reopening the government with no restrictions on the health care law. But under pressure from House Republican leaders, they failed to join Democratic efforts on Wednesday aimed at forcing the chamber to consider such legislation. If the shutdown persists, it could become entangled with the even more consequential battle over the debt limit. If the Congress doesn’t renew the government’s authority to borrow money by Oct. 17, US may announce a default. 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/575 Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 4, 2013 Author Share Posted October 4, 2013 Market Analytics:FBS Markets Inc. 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: $1.3500; $1.3550; $1.3575; $1.3585; $1.3600; GBP/USD: $1.6050; USD/JPY: 97.25, 97.85, 98.00, 98.10, 98.25, 99.00; USD/CHF: 0.8900, 0.8925, 0.9000, 0.9100; AUD/USD: $0.9350, $0.9365, $0.9375, $0.9400; USD/CAD: 1.0390; EUR/GBP: 0.8375, 0.8450; AUD/JPY: 0.9100. 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/576 Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 7, 2013 Author Share Posted October 7, 2013 Market Analytics:FBS Markets Inc. Oct. 7: no progress in the US There was no progress on US deadlock over the weekend. EUR/USD opened with a small gap up at $1.3562 after closing at $1.3552 on Friday. Euro area will release final Q2 GDP at 09:00 GMT. No revisions are expected (+0.3%). GBP/USD is trading around $1.6030 after it lost about 130 pips on Friday. EUR/GBP slid from nearly a 1-month high before the Bank of England’s policy meeting this week on Oct. 10. Demand for Japanese yen and Swiss franc as safe havens increased as US Treasury Secretary Jacob J. Lew renewed his call for extending the nation’s debt limit to avoid a default as America will run out of its ability to borrow on Oct. 17. House Speaker John Boehner said the US could end up in default unless President Barack Obama negotiates. USD/JPY is trading on the downside, just above 97.00. USD/CHF declined to 0.9040 after rising to 0.9080 on Friday. AUD/USD touched $0.9450, but then eased down to $0.9415. Aussie got hit after the World Bank cut China 2013 growth outlook from 8.3%to 7.5%. NZD/USD is trading on the downside in the $0.8300 area. According to New Zealand’s finance minister Bill English, NZD is ‘still too high’. USD/CAD is testing levels above 1.0300. Canada will release building permits at 12:30 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/2013-10-07/23...-no-progress-us" target="_blank">http://www.fbs.com/analytics/2013-10-07/23...-no-progress-us</a> Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 7, 2013 Author Share Posted October 7, 2013 Market Analytics:FBS Markets Inc. Weekly. The formation of the corrective wave ( is close to an end. Chart. Weekly EUR/USD Daily. Wave ( took the form of a horizontal Triangle. Now we see the formation of wave e of the Triangle, which takes the form of a double Zigzag. Chart. H4 EUR/USD 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-10-07/23541-eurusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 7, 2013 Author Share Posted October 7, 2013 Market Analytics:FBS Markets Inc. GBP/USD: Elliot wave analysis Weekly. The pair completed the formation of the corrective wave [iI]. Chart. Weekly GBP/USD Daily. Wave [iI] took form of a flat, which is fully equipped with the waves of the junior level. Chart. Daily GBP/USD H4. Here’s a detailed layout of the last section. In the near future pound is expected to continue a downtrend. Chart. H4 GBP/USD 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-10-07/23541-eurusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
internationallove Posted October 7, 2013 Author Share Posted October 7, 2013 Market Analytics:FBS Markets Inc. USD/JPY: Elliot wave analysis Daily. The pair keeps forming corrective wave , which is taking the form of an extended horizontal correction. Chart. Daily USD/JPY H4. The wave (D) may be complete. If this assumption is true, we will soon see an increase in the wave (E). However, there is an alternative scenario: the decline in the wave (D) continues, as reflected in the following chart. hart. H4 USD/JPY CH1. The chart shows the detailed layout of a rather complicated area. You have to be very careful in such a market. Both versions of the upcoming move are shown at the picture. Chart. H1 USD/JPY 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! Recent market news from FBS Comment here: http://www.fbs.com/analytics/2013-10-07/23541-eurusd-elliot-wave-analysis Quote Link to comment Share on other sites More sharing options...
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