Forex Analytics
US Dollar: forecast for July 20-26
17 July 2015
Kira Iukhtenko
US Dollar index rose to a 1,5-month high, approaching the 98 points resistance. The currency was pushed higher by the hawkish Fed’s governor Yellen’s comments. She has clearly confirmed the Fed’s intention to raise...
Forex Analytics
Forex trading plan for July 17
Kira Iukhtenko
EUR/USD trading prospects have significantly worsened on Thursday. Despite the formal improvement of the Greek issue, the market feels the Greek drama is turning into a tragedy. Greek debt keeps on growing and time to pay will...
Forex Analytics
Danske Bank: trade signals for July 16
Open positions:
EUR/USD: Hold SHORT from 1.1000, TAKE PROFIT 1.0819, STOP LOSS 1.1089
EUR/GBP: Hold SHORT from 0.7136, TAKE PROFIT 0.6945, STOP LOSS 0.7146
EUR/CHF: Hold SHORT from 1.0430, TAKE PROFIT 1.0315, STOP LOSS 1.0470
EUR/CAD...
Forex Analytics
USD/JPY growth stalled
16 July 2015
Tatiana Norkina, FBS analyst
As expected, the USD/JPY currency pair has rebounded from the four-hour Tenkan-sen line support and grown up to 123.90 during the previous day. However, these levels, in the 124th figure area, contain a poweful...
Forex Analytics
Aussie updating lows
16 July 2015
by Tatiana Norkina, FBS analyst
Yesterday, the Australian updated local lows again, decreasing to the 0.7350 mark. The main trigger for sales was the bulls' failure to get deeper into the four-hour Ichimoku cloud: a powerful resistance of the...
Forex Analytics
Trading plan for July 16
Kira Iukhtenko
Demand for the US Dollar increased on Wednesday after the Fed's chief Janet Yellen gave out rather hawkish comments while speaking in Congress on Wednesday. What's more, strong data releases (PPI, manufacturing indices) served as a proof...
Forex Analytics
Forex trading plan for July 15
Kira Iukhtenko
US Dollar has lost some ground following the weak June retail sales data release. On Wednesday, we’ll be watching US PPI and manufacturing indices. Both on Wednesday and on Thursday the Fed’s chief Yellen will deliver a...
Forex Analytics
Danske Bank: trade signals for July 14
Open positions:*
USD/JPY: Hold LONG at 123.48, TAKE PROFIT 124.45, STOP LOSS 123.10
AUD/USD: Hold SHORT at 0.7455, TAKE PROFIT 0.7268, STOP LOSS 0.7510
USD/CAD: Hold LONG at 1.2720, TAKE PROFIT 1.2957, STOP LOSS 1.2655 (revised)...
Forex Analytics
Forex trading plan for July 14
Kira Iukhtenko
Risk sentiment improved on Monday as there was the long-awaited agreement reached on the Greek issue. US Dollar strengthened on the news as lowered Grexit expectations support the probability of an earlier Fed’s rate hike. The...
Forex Analytics
US Dollar: forecast for July 13-19
10 July 2015
Kira Iukhtenko
The US Dollar Index slipped below 96 points on the past week. The greenback was pressured by the two major factors: risk appetite recovery and dovish Fed’s minutes released on Wednesday. What’s more, on Thursday...
Forex Analytics
EUR/USD: forecast for July 13-19
10 July 2015
Kira Iukhtenko
EUR/USD slipped 1.0900 on the past week. However, on Thursday the Greek Prime Minister Tsipras proposed a bag of reforms to the European leaders, switching the market sentiment towards buying the European currency...
Forex Analytics
USD/JPY: forecast for July 13-19
10 July 2015
Kira Iukhtenko
USD/JPY was driven mostly by the global risk sentiment on the past week. At the beginning of the week the pair dipped to 120.50 on the wave of risk aversion, but later has recovered back above 122 yen. Next...
Forex Analytics
CHF/JPY: buy targets - 130.00 and 131.60
10 July 2015
By: Dmitriy Chernovolov
-CHF/JPY reversed from support level 128.20
-Next buy target - 130.00 and 131.60
CHF/JPY yesterday reversed up from the support zone lying between the following support levels: the support trendline...
Forex Analytics
USD/JPY: buy target - 122.50
10 July 2015
By: Dmitriy Chernovolov
-USD/JPY reversed from support zone
-Next buy target - 122.50
USD/JPY yesterday reversed up sharply from the support zone located between the price level 120.00 and the 50% Fibonacci Correction of the previous...
Forex Analytics
Trading plan for July 10
Kira Iukhtenko
Market sentiment improved on Thursday, as the Greek question seems to close to an end. Greek government is on its way to find a compromise with the European creditors. China’s stock market retraced higher after days of a dramatic...
MARKET NEWS
FOMC minutes: dovish tone
9 July 2015
June FOMC meeting minutes, released on Wednesday, turned out to be a dovish factor for the US currency. Here are the major points you have to know about the document:
-Many FOMC members need more recovery proofs to tighten monetary policy...
Forex Analytics
Danske Bank: trade signals for July 9
Open positions:
USD/JPY: Hold SHORT at 121.20, TAKE PROFIT 119.83, STOP LOSS 121.73
USD/CHF: Hold LONG at 0.9412, TAKE PROFIT 0.9573, STOP LOSS 0.9395 (revised)
EUR/JPY: Hold SHORT at 135.95, TAKE PROFIT 131.73, STOP LOSS 135.75...
Forex Analytics
Trading plan for July 9
Kira Iukhtenko
Market sentiment on Greece improved on Wednesday as the Greek government has finally applied for a third aid program. No details have been announced yet, but this is an important step towards the long-awaited solution. Market is already...
Forex Analytics
Pound plummeting
8 July 2015
By Tatiana Norkina, FBS analyst
The recent bearish pressure on the British currency has had its consequences. During yesterday's trading, the GBP/USD currency pair has tumbled into the 54th figure area, breaking through the 1.5550 support of the...
Forex Analytics
Euro updating lows
8 July 2015
By Tatiana Norkina, FBS analyst
During yesterday's trading, the main currency pair on Forex has updated lows. A new extremum for the past five weeks has been recorded at the 1.0910. level. Thus, the downtrend is gaining momentum.
The Ichimoku...