Forex Analytics
USD/JPY: expect further consolidation
23 February 2015
Last week USD/JPY consolidated: the pair was sold on approaches to 119.50 and bought in the 118.20/40 area. The sideways movement of the pair may continue. On the one hand, US dollar breached December-January triangle to...
Forex Analytics
EUR/USD: another eventful week
23 February 2015, 10:34
Another eventful week is in store for the euro. On Monday Germany will release Ifo Business Climate index. On Tuesday the euro zone’s final inflation data for January will be published: according to the initial estimate...
Forex Analytics
USD awaits Yellen's testimony
23 February 2015
By: Kira Iukhtenko
According to the Federal Reserve's minutes of Jan. 27-28 meeting, many FOMC members think that the interest rates should stay near 0 for a longer time period because of low inflation and other risks. The central...
Forex Analytics
NZD/CHF: trade idea
20 February 2015
By Dima Chernovolov
• NZD/CHF breaks resistance level 0.7090
• Next buy targets - 0.7200 and 0.7300
NZD/CHF has been rising steadily in the last couple weeks – in line with our earlier forecast for this currency pair. The price earlier...
Forex Analytics
GBP/JPY: trade opportunity
20 February 2015, 10:10
By Dima Chernovolov
• GBP/JPY reached buy targets 180.00 and 182.00
• Next buy target - 186.00
GBP/JPY recently rose sharply – breaking above the two resistance levels 180.00 and 182.00, which were set as the buy targets in...
Forex Analytics
Danske Bank: trade signals for Feb. 20
Open positions*:
EUR/USD: Hold LONG at 1.1383, TAKE PROFIT 1.1534, STOP LOSS 1.1298
USD/JPY: Hold LONG at 118.70, TAKE PROFIT 120.48, STOP LOSS 117.98
GBP/USD: Hold LONG at 1.5325, TAKE PROFIT 1.5541, STOP LOSS 1.5335
USD/CHF: Hold LONG...
Forex Analytics
Forex trading plan for Feb. 20
Greece is the main topic for EUR/USD as it made a request for a 6-month credit which got rejected by Germany. The Eurogroup meeting will take place tomorrow. There are many levels to watch on the upside and the downside. Support for euro is at...
Forex Analytics
Danske Bank: trade signals for Feb. 19
Open positions*:
EUR/USD: Hold LONG at 1.1383, TAKE PROFIT 1.1534, STOP LOSS 1.1298
USD/JPY:Hold LONG at 118.70, TAKE PROFIT 120.48, STOP LOSS 117.98
GBP/USD:Hold LONG at 1.5325, TAKE PROFIT 1.5500, STOP LOSS 1.5265
USD/CHF:Hold LONG at...
Forex Analytics
Trading plan for Feb. 19
By Kira Iukhtenko
The Greek question continues dominating the EUR/USD pair. On Wednesday the exchange rate slipped below the 1.1400 support. Daily close below 1.1360 would be a bearish signal, opening the way towards 1.1310 and 1.1270. Resistance is...
MARKET NEWS
Key option levels
18 February 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
Danske Bank: trade signals for Feb. 18
Open positions*:
EUR/USD: Hold LONG from 1.1383, TAKE PROFIT 1.1534, STOP LOSS 1.1298
USD/JPY: Hold LONG from 118.70, TAKE PROFIT 120.48, STOP LOSS 117.98
GBP/USD: Hold LONG from 1.5325, TAKE PROFIT 1.5500, STOP LOSS 1.5265
USD/CHF...
MARKET NEWS
Feb. 18: FOREX NEWS
EUR/USD is consolidating just at 1.1400. The European Central Bank will decide later today whether to maintain emergency lending to Greek banks which have so far been rapidly losing deposits. If the ECB refuses to increase the ceiling on the emergency lending...
Forex Analytics
Forex trading plan for Feb. 18
EUR/USD recovered to the 1.1440 area. The fate of Greece remains undecided, but the market remains hopeful. However, it looks like the final decision won’t be made until Friday. The uncertainty may give bears the power to push the pair to 1.1300...
Forex Analytics
Danske Bank: trade signals for Feb. 17
Open positions*:
EUR/USD: Hold LONG from 1.1383, TAKE PROFIT 1.1534, STOP LOSS 1.1298
USD/CHF: Hold LONG from 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168
AUD/USD: Hold SHORT from 0.7725, STOP LOSS 0.7800, Possibly BUY
EUR/CHF: Hold...
MARKET NEWS
Feb. 17: FOREX NEWS
EUR/USD fell from the levels above 1.1400 to the 1.1320 area. Euro fell as Greece and the euro area didn’t reach agreement on further financing of the country. Greek finance minister Yanis Varoufakis rejected a proposal to request a 6-month extension of the...
Forex Analytics
Forex trading plan for Feb. 17
By Kira Iukhtenko
EUR/USD consolidates above 1.1400 on Monday. Euro is supported by expectations that the euro zone finance ministers will find a solution of the Greek financial problems by the end of the day. There is hope that even if a...
Forex Analytics
Danske Bank: trade signals for Feb. 16
Open positions*:
USD/CHF: Hold LONG from 0.8750, TAKE PROFIT 0.9445, STOP LOSS 0.9168
AUD/USD: Hold SHORT from 0.7725, TAKE PROFIT 0.7580, STOP LOSS 0.7800
EUR/JPY: Hold LONG from 135.55, TAKE PROFIT 137.64, STOP LOSS 134.59
EUR/CHF...
MARKET NEWS
Feb. 16: FOREX NEWS
FXBAZOOKA.com - EUR/USD edged up as traders hope that by the end of the day the euro zone finance ministers will find solution of the Greek financial problems. In the US today is the bank holiday (the Presidents’ Day).
USD/JPY is trading in the 118.55 area after...
Forex Analytics
Danske Bank: signals for Feb. 13
OPEN POSITIONS*:
EUR/CHF: LONG AT 1.0510, TAKE PROFIT 1.0800, STOP LOSS 1.0525
EUR/CAD: LONG AT 1.4225, TAKE PROFIT 1.4645, STOP LOSS 1.4150
USD/JPY: LONG AT 119.30, TAKE PROFIT 121.86, STOP LOSS 118.29
USD/CHF: LONG AT .8755, TAKE PROFIT...
MARKET NEWS
Feb. 13: FOREX NEWS
FXBAZOOKA.com - Risk sentiment is positive on news of a ceasefire accord in Ukraine, hopes of a close deal between Greece and its creditors and the rate cut in Sweden.
EUR/USD rose to 1.1440. The euro area will release GDP for Q4 at 10:00 GMT: economists expect...