Forex Analytics
Forex trading plan for July 28
By Elizavbeth Belugina
Monday wasn’t a very successful day for the US dollar. Although durable goods orders for June came out better than expected (but figures for the previous months were revised to the downside), the greenback stayed at lows...
Forex Analytics
Danske Bank: trade signals for July 27
Open positions:*
USD/JPY: Hold SHORT at 123.95, TAKE PROFIT 122.92, STOP LOSS 124.55
GBP/USD: Hold LONG at 1.5510, TAKE PROFIT 1.5701, STOP LOSS 1.5450
USD/CAD: Hold LONG at 1.2991, TAKE PROFIT 1.3166, STOP LOSS 1.2905
EUR/CAD: Hold...
MARKET NEWS
Key currency options
27 July 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
USD/JPY: forecast for Jul 27 - Aug 2
By Elizaveta Belugina
USD/JPY got stuck between 124.50 and 123.50. What will its next move be like?
The advance of the US dollar has stalled in the past week as traders took profit on their bullish positions. The Bank of Japan’s Governor...
Forex Analytics
EUR/USD: forecast for Jul 27 - Aug 2
By Elizaveta Belugina
Will Greece continue affecting EUR/USD or is the market already done with this topic?
In the past week Greek parliament has approved the second reform package demanded by the creditors in return for financial aid...
Forex Analytics
GBP/USD: forecast for Jul 27 - Aug 2
24 July 2015
Kira Iukhtenko
The unofficial race between the Fed and the BOE to become the first bank who will hike rates has resumed. Hawkish Monetary policy committee minutes released last week strengthened the market expectations for a...
Forex Analytics
US Dollar: forecast for Jul 27 - Aug 2
Kira Iukhtenko
US Dollar attempted to overcome the 98 resistance, but was dragged lower by the mixed corporate earnings. US exporters suffered from the expensive currency and weak demand from overseas. However, on Thursday the market was...
Forex Analytics
GBP/AUD: buy target - 2.1400
24 July 2015
By: Dmitriy Chernovolov
-GBP/AUD reversed from support zone
-Next buy target - 2.1400
GBP/AUD has been rising sharply in the last few trading sessions – following the earlier breakout of the resistance level 2.1000 (which was set as...
Forex Analytics
AUD/USD: sell target - 0.7200
24 July 2015
By: Dmitriy Chernovolov
-AUD/USD reached sell target 0.7450
-Next sell target - 0.7200
AUD/USD continues to decline after the pair earlier broke through the support level 0.7450, which was set as the sell target in our previous...
Forex Analytics
Forex trading plan for July 24
Kira Iukhtenko
Demand for the US dollar recovered on Thursday after the unexpectedly strong labor market figures. Jobless claims dipped to a 42-year low of 255K, increasing expectations of a Fed'a rate hike in September. However, the market...
Forex Analytics
Danske Bank: trade signals for July 23
Open positions:*
USD/JPY: Hold SHORT at 123.95, TAKE PROFIT 122.92, STOP LOSS 124.55
USD/CHF: Hold LONG at 0.9610, TAKE PROFIT 0.9719, STOP LOSS 0.9555
AUD/USD: Hold LONG at 0.7420, TAKE PROFIT 0.7599, STOP LOSS 0.7355
EUR/CAD: Hold...
Forex Analytics
Forex trading plan for July 23
US dollar has given up some of its gains versus other currencies. The decline in American currency was provoked mainly by the profit taking. Still, the expectations of higher Federal Reserve’s interest rates are still in place as traders await...
Forex Analytics
Goldman Sachs: gold prices will fall below $1000
22 July 2015
According to Goldman Sachs' head of commodity research Jeffrey Currie, gold price will likely fall below $1000 for the first time since 2009. "With the more positive outlook on the dollar, and with debasement risk...
Forex Analytics
Danske Bank: trade signals for July 22
Open positions:*
USD/CHF: Hold LONG at 0.9610, TAKE PROFIT 0.9719, STOP LOSS 0.9555
AUD/USD: Hold LONG at 0.7420, TAKE PROFIT 0.7599, STOP LOSS 0.7355
EUR/CAD: Hold LONG at 1.3930, TAKE PROFIT 1.4490, STOP LOSS 1.3955
GBP/JPY: Hold...
MARKET NEWS
Bank of Japan: no easing is needed
22 July 2015
US dollar is steady on Wednesday after it declined on Tuesday.
EUR/USD rose to resistance in the 1.0965 area. The euro gained as the bad mood caused by the Greek situation gradually dissolves.
USD/JPY slid to 123.55. The Bank of...
Forex Analytics
Forex trading plan for July 22
Kira Iukhtenko
Economic calendar on Tuesday was rather light, while the global sentiment improved due to a decline in Greek voes and China headlines. Shanghai Composite added 0.6% today. As a result, we’ve seen recovery in all classes of the...
Forex Analytics
Danske Bank: trade signals for July 21
Open positions:*
EUR/USD: Hold SHORT at 1.1000, TAKE PROFIT 1.0742, STOP LOSS 1.0965
USD/JPY: Hold LONG at 123.95, TAKE PROFIT 125.38, STOP LOSS 123.89
GBP/USD: Hold LONG at 1.5625, TAKE PROFIT 1.5815, STOP LOSS 1.5535
USD/CHF: Hold...
Forex Analytics
Forex trading plan for July 21
EUR/USD paused in the 1.0818 area (May low) as Greece made debt repayments to the ECB and the IMF. Support is in the 1.0750/10 region ahead of 1.0660. Resistance is at 1.0915 and 1.0965. With empty economic calendars in the US and the euro area...
Forex Analytics
Danske Bank: trade signals for July 20
Open positions:*
EUR/USD: Hold SHORT at 1.1000, TAKE PROFIT 1.0785, STOP LOSS 1.1041
USD/JPY: Hold LONG at 123.95, TAKE PROFIT 125.38, STOP LOSS 123.25
AUD/USD: Hold SHORT at 0.7455, TAKE PROFIT 0.7268, STOP LOSS 0.7447 (revised)...
Forex Analytics
EUR/USD: forecast for July 20-26
Kira Iukhtenko
We’ve been watching the Greek drama closely for the past couple of weeks, but now it seems to be close to an end. It has become evident that no one wants Greece to exit the currency block. European ministers will continue to...