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Forex Analytics Trading plan for June 9 By Kira Iukhtenko US Dollar is retracing lower on Monday following the sharp growth on Friday. However, we do not expect the bearish correction to be long-lived: strong NFP and average hourly earnings made the markets believe that the Fed could raise...

Forex Analytics GBP/USD: weekly wave analysis Roman Petuchov, FBS analyst Weekly. The market is currently building a bullish zigzag A-B-C. Let's see the detailed markup of the impulse С. Daily. Bullish correction [4] of C has been constructed. Bearish impulse [5] is now being born. The...

Forex Analytics EUR/USD: weekly wave analysis Roman Petuchov, FBS analyst Weekly. The market keeps on declining in a bearish impulse wave [C],. It is a final part of the wave flat B. Daily. Complex bullish correction (4) is currently being built. After that we expect the decline to resume...

Forex Analytics NFP: what do large banks forecast? 5 June 2015 On Friday, June 5, the market attention is glued to the US employment report. What do large banks expect from the today’s release? Danske Bank: We expect 200K new jobs to have been added in May. Manufacturing is likely to remain...

Forex Analytics Danske Bank: trade signals for June 5 Open positions:* USD/JPY: Hold LONG at 124.10, TAKE PROFIT 125.69, STOP LOSS 123.39 GBP/USD: Hold LONG at 1.5315, TAKE PROFIT 1.5508, STOP LOSS 1.5245 USD/CHF: Hold LONG at 0.9360, TAKE PROFIT 0.9543, STOP LOSS 0.9275 AUD/USD: Hold...

Forex Analytics Forex trading plan for June 5 The event risk in the coming sessions is extremely high. On Friday OPEC is due to announce the results of its meeting; Greece should pay 300 million euros to the IMF, while the US will release the key indicator of the labor market – Non Farm...

Forex Analytics EUR/NZD: buy target – 1.6000 4 June 2015 By: Dima Chernovolov -EUR/NZD rises inside C-wave -Next buy target – 1.6000 EUR/NZD continues to rise after the recent breakout of the resistance trendline of the wide weekly down channel from last year. The breakout of this resistance...

MARKET NEWS Euro is supported by the spike in German yields 4 June 2015 EUR/USD is trading in the 1.1250 area after it hit 1.1285 on Wednesday. German 10-year Bund yields rose today to 2015 highs. The European Central Bank President Mario Draghi was rather calm about the sharp rise in yields...

Forex Analytics Trading plan for June 4 Kira Iukhtenko US Dollar remains under bearish pressure for a second day in a row with the USD index falling below 96. Even the strong statistics fails to support the greenback: trade deficit narrowed, while the ADP NFP came at 201K. The reason for...

Forex Analytics Danske Bank: trade signals for June 3 Open positions:* EUR/JPY: Hold LONG at 133.90, TAKE PROFIT 140.51 (revised), STOP LOSS 136.08 EUR/CAD: Hold LONG at 1.3482, TAKE PROFIT 1.4090 (revised), STOP LOSS 1.3582 GBP/JPY: Hold LONG at 189.80, TAKE PROFIT 193.17, STOP LOSS 188.49...

Forex Analytics Forex trading plan for June 3 EUR/USD rose towards 1.1200 on hopes about the Greek deal and a small improvement in the euro area’s inflation data. The press conference of the ECB President Mario Draghi will start at 12:30 GMT on Wednesday. Everyone will be interested in whether...

Forex Analytics Danske Bank: trade signals for June 2 Open positions:* EUR/USD: Hold SHORT at 1.0930, TAKE PROFIT 1.0732, STOP LOSS 1.1015 USD/JPY: Hold LONG at 120.80, TAKE PROFIT 125.69 (revised), STOP LOSS 123.40 (revised) GBP/USD: Hold SHORT at 1.5318, TAKE PROFIT 1.5150, STOP LOSS...

Forex Analytics EUR/AUD: sell target – 1.4100 2 June 2015 By: Dima Chernovolov -EUR/AUD reversed from resistance zone -Next sell target – 1.4100 EUR/AUD today reversed down sharply from the resistance zone lying between the resistance level 1.4380 (which also previously reversed the price in...

Forex Analytics Trading plan for June 2 Kira Iukhtenko The US dollar index is trading in a narrow range on Monday. Data released today show US personal spending remained weak in April, while the inflationary pressures remain muted. PCE price index recorded its smallest gain since late 2009...

Forex Analytics Danske Bank: trade signals for June 1 Open positions:* EUR/USD: Hold SHORT at 1.0930, TAKE PROFIT 1.0732, STOP LOSS 1.1015 USD/JPY: Hold LONG at 120.80, TAKE PROFIT 124.75 (revised), STOP LOSS 123.40 (revised) GBP/USD: Hold SHORT at 1.5318, TAKE PROFIT 1.5150 (revised), STOP...

Forex Analytics GBP/USD: forecast for June 1-7 Kira Iukhtenko The cable had another bearish week, slipping below the 1.5300 mark. As can be seen from the monthly chart, the pair failed to break above the monthly Ichimoku cloud and is currently forming a long-legged bearish candle. Buyers...

Forex Analytics US dollar: forecast for June 1-7 Kira Iukhtenko The US Dollar strengthened versus all the major currencies in the end of May. The market clearly expects the economy to recover in the second quarter. As a result, the first rate hike by the Federal Reserve is now expected in...

Forex Analytics GBP/NZD: buy targets – 2.1600 and 2.1800 29 May 2015 By: Dima Chernovolov -GBP/NZD reached buy target level 2.1400 -Next buy targets – 2.1600 and 2.1800 GBP/NZD continues to rise after the recent breakout of the resistance level 2.1400, which was set as the buy target in our...

Forex Analytics NZD/CAD: sell target –0.8800 29 May 2015 By: Dima Chernovolov -NZD/CAD broke support level 0.8900 -Next sell target –0.8800 NZD/CAD recently reversed down sharply – after the pair reached the resistance level 0.9030, which was set as the buy target in our previous forecast...

Forex Analytics Trading plan for May 29 The US Dollar is trading in the green zone on Thursday despite the higher than expected unemployment claims. The market awaits the US Q1 GDP revision on Friday - according to Reuters forecast, growth will be revised to the downside from +0,2% to -0,8%...