Forex Analytics
Danske Bank: trade signals for Aug 31
Open positions:*
EUR/USD: Hold SHORT from 1.1252, TAKE PROFIT 1.1017, STOP LOSS 1.1317
USD/JPY: Hold SHORT from 121.15, TAKE PROFIT 118.26, STOP LOSS 122.15
USD/CHF: Hold LONG from 0.9580, TAKE PROFIT 0.9799, STOP LOSS 0.9495
AUD/USD...
MARKET NEWS
Key currency options
31 August 2015
FXBAZOOKA.com - 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...
Forex Analytics
US Dollar: forecast for Aug 31-Sept 6
Kira Iukhtenko
The Fed’s members have become much more dovish in their words after the last week’s market turmoil. However, demand for the US dollar recovered by the end of the week as the US data confirmed the ongoing recovery.
The...
Forex Analytics
USD/JPY: forecast for Aug 31-Sept 6
By Elizabeth Belugina
USD/JPY hit 116.15, the lowest level since the beginning of January, on Black Monday. Then as the market’s risk sentiment improved the pair returned to the previous support line of 2015 in the 121.50 area. Another...
Forex Analytics
EUR/USD: forecast for Aug 31-Sept 6
By Elizaveta Belugina
EUR/USD spiked to 1.1700 during the Black Monday reaching the conversion are of several important resistances. As the market was in great stress, the low-yielding euro was used as a safe haven. Then, however, global...
Forex Analytics
GBP/USD: forecast for Aug 31-Sept 6
Kira Iukhtenko
GBP/USD surge above 1.5700 turned out to be a fake breakout – the pair lost more than 300 pips by the end of the week. A strong bearish candle is being formed on the weekly chart (SELL signal). The cable broke the trendline...
Forex Analytics
Trading plan for August 27
Kira Iukhtenko
Policy stimulus launched by the Bank of China on Tuesday failed to support the Shanghai Composite (-1.3% on Wednesday). However, the overall market sentiment improved with the Brent price pausing its losses.
US Dollar index is seen...
Forex Analytics
Forex trading plan for August 26
By Elizaveta Belugina
Chinese authorities finally addressed the economic and market turmoil by cutting the benchmark interest rate. The markets felt relief: stocks recovered and oil recovered, while the euro and the yen that strengthened as safe...
Forex Analytics
Danske Bank: trade signals for August 25
Open positions:
AUD/USD: Hold SHORT at 0.7215, TAKE PROFIT 0.6954, STOP LOSS 0.7295
USD/CAD: Hold LONG at 1.3055, TAKE PROFIT 1.3400 (revised), STOP LOSS 1.3058
EUR/JPY: Hold SHORT at 138.05, TAKE PROFIT 135.56, STOP LOSS 139.05...
Forex Analytics
Trading plan for August 25
Kira Iukhtenko
On Monday, all the stock markets collapsed starting from China. Shanghai Composite fell by 8.5% in the Asian trade, pulling all the indices lower. As a result, market appetite turned negative and the commodity rout extended...
Forex Analytics
Danske Bank: trade signals for Aug 24
Open positions:
EUR/JPY: Hold LONG at 137.50, TAKE PROFIT 140.67 (revised), STOP LOSS 137.75 (revised)
GBP/USD: Hold LONG at 1.5635, TAKE PROFIT 1.5789, STOP LOSS 1.5595
AUD/USD: Hold SHORT at 0.7350, TAKE PROFIT 0.7066, STOP LOSS 0.7328...
Forex Analytics
US dollar: forecast for August 24 - 30
21 August 2015
Kira Iukhtenko
US Dollar index reached its lowest level since June 30 by the end of the week (95.40). Increased global uncertainty lowers expectations for a Fed’s rate hike on the September 17 meeting. Dovish Fed’s policy...
Forex Analytics
EUR/USD: forecast for August 24-30
21 August 2015
By Elizabeth Belugina
The past week was eventful for the euro area and especially for Greece. International creditors agreed to provide the nation with 86-billion euro bailout. Greece will be getting the money within the next 3...
Forex Analytics
USD/JPY: forecast for August 24-30
21 August 2015
By Elizabeth Belugina
USD/JPY slid below 123.00. Japanese yen strengthened as a safe haven, because worse-than-expected economic figures from China and other events kept investors’ risk sentiment getting worse and worse.
The...
Forex Analytics
GBP/USD: forecast for August 24 - 30
21 August 2015
Kira Iukhtenko
Improved UK inflation data and a declining dollar supported the British pound over the past week. GBP/USD reached 1.5-month highs above 1.5700 (prior strong resistance). The market is now forming a long-legged...
Forex Analytics
Dollar weakened against Yen
20 August 2015
Tatiana Norkina, FBS analyst
The USD/JPY currency pair rate plummeted into the negative area yesterday after all, below the four-hour Ichimoku cloud. The bulls were trying desperately to keep the prices in the cloud area, taking...
Forex Analytics
Aussie held above cloud
20 August 2015
Tatiana Norkina, FBS analyst
The AUD/USD currency pair has been trying desperately to consolidate above the four-hour Ichimoku cloud in the recent days. The main support was at the 0.7320 level, which the bulls had been firmly holding...
Forex Analytics
Forex trading plan for August 20
US CPI data came in at 0.1% for headline and core, below the 0.2% estimates, but real average earnings rose from 1.8% to 2.2% helping US dollar recover after the initial sip. Traders are also positioning for the release of the Federal Reserve’s...
Forex Analytics
Pound attempting to grow
19 August 2015
Tatiana Norkina, FBS analyst
The GBP/USD currency pair found support at 1.5560 yesterday. It is here that a powerful level has been formed by the Ichimoku cloud upper border on the four-hour timeframe. Supported by the positive cloud...