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MARKET NEWS Aug. 21: American session Tatiana Norkina, FBS analyst In general, the positive data on applications for unemployment benefits for the past week (298 thousand, 300 thousand vs.) did not become a reason for strengthening of the dollar, which began to lose about 0.05% at the...

MARKET NEWS 21 August 2014 GBP dipped on weak UK retail sales FXBAZOOKA.com - GBP/USD dipped to $1.6570 after the UK retail sales report. Data showed consumption demand increased less than expected: 0.1% m/m and 2.6% y/y versus 0.4% m/m, and 3.0% y/y forecasted. Cable now holds slightly above...

MARKET NEWS 21 August 2014 Euro zone PMIs came out mixed FXBAZOOKA.com - EUR/USD managed to recover to $1.3278 on better-than-expected German PMI data (52.0 vs. 51.7 in manufacturing and 56.4 vs. 55.5 in services). Note though, that although German readings exceeded expectations, they still...

MARKET NEWS Key option levels (Aug. 21) 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 most...

MARKET NEWS Aug. 21: Asian session FXBAZOOKA.com - US dollar is strong versus its peers as after the release of the FOMC meeting minutes traders increased bets the Fed will raise interest rates next year. Asian shares outside Japan fell for the first time in 9 days on lower Chinese data –...

MARKET NEWS Aug. 20: American session Before the publication of minutes of meetings of the Fed's, index of the dollar dipped slightly with today's maximum 82.17. However, trades are in the green zone - the index adds about 0.17%. Trading on the stock market opened slightly lower in the...

MARKET NEWS 20 August 2014 FOMC minutes: what to expect FXBAZOOKA.com - The FOMC meeting minutes are due today at 18:00 GMT. Analysts at Standard Chartered think that any hawkish surprise (and, consequently, the positive effect for USD) in the FOMC July minutes is likely to be limited – the...

MARKET NEWS 20 August 2014 EUR: be ready for data on Thursday FXBAZOOKA.com - The euro area is due to release manufacturing & services PMIs for August tomorrow. This is the first report to signal whether sanctions against Russia – and Moscow's countersanctions – are dragging down activity...

MARKET NEWS 20 August 2014 GBP jumped on the MPC minutes FXBAZOOKA.com - GBP/USD jumped back from $1.6600 on the Bank of England’s meeting minutes. As it turned out, 2 MPC members (Ian McCafferty and Martin Weale) voted for a rate hike, while other 7 voted to keep rates unchanged. At the...

MARKET NEWS Key option levels (Aug. 20) 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 most...

MARKET NEWS Aug. 20: Asian session FXBAZOOKA.com - US dollar strengthened on speculation the Fed is moving toward raising interest rates. Good US housing data helped Treasury yields get higher. USD/JPY rose to 103.25 as Japanese trade deficit widened more than expected and the all...

MARKET NEWS The 19th of August: American Session Tatiana Norkina, the analyst at FBS Company The American dollar continued its strengthening and has grown to the point of 81.92 today. At the beginning of the session, the Index added about 0.30%. The main driver of the movement was the...

MARKET NEWS 19 August 2014 GBP/USD fell as inflation slowed GBP/USD fell to $1.6623, the lowest level since the beginning of April closing this week’s opening gap. Pound weakened as the UK inflation data came lower than expected. Note though that the inflation (1.6%) is still rather close to...

MARKET NEWS Key option levels (Aug. 19) 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 most noticeable ahead of...

MARKET NEWS Aug. 19: Asian session US dollar held gains against major peers as signs of economic recovery supported the case for the Fed to raise interest rates. Asian stocks rose after confidence in the US housing industry climbed to the highest level in 7 months and tensions eased over...

MARKET NEWS Aug. 18: American Session Tatiana Norkina, analyst at FBS The US dollar index has kept hold above the 81.40 support today. Bullish sentiment is noticable at the American session opening, which stimulated the index to add more than 0.15%. Stock markets are also on the rise: DJIA...

MARKET NEWS 18 August 2014 CFTC: net USD longs declined FX BAZOOKA - According to the latest CFTC report, released om Aug. 15, large speculators reduced their net USD longs from $29.41 billion on Aug. 5 to $27.00 billion on Aug. 12. This was the first decline in positions value after 3...

MARKET NEWS Key option levels (Aug. 18) 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 most noticeable ahead of...

MARKET NEWS Aug. 18: Asian session Asian stocks after last week’s gains stalled as another bout of tensions in the Ukrainian conflict sapped investor confidence. US dollar weakened versus its counterparts ahead of data forecast to show inflation slowed and before central bankers meet at an...

MARKET NEWS 15 August 2014 BOJ: 2015 rate hike under question The economic conditions in Japan keep on worsening. According to the unnamed Bank of Japan officials, the central bank may cut economic forecasts for the fiscal year 2014 as exports fail to support the economy, weakened by the sales...