Search results

Market News April 29: Asian session Asian markets were mixed with investors trading cautiously. Concerns about Ukraine persist: US, EU, Canada and Japan announced fresh sanctions on Russian officials. US Federal Reserve starts a two-day policy meeting on Tuesday. USD/JPY is trading in a...

Forex Analytics AUD/USD: wave analysis (Apr. 28) Weekly. Rising impulse [c] is about to begin. Daily. Market is correcting to the downside in the wave (2). H4. This week the pair will form a corrective bearish channel. more: http://www.fxbazooka.com/en/analitycs/show/1459

Forex Analytics USD/JPY: wave analysis (Apr. 28) Daily. Final bullish impulse of (V) is now being formed. H12. Corrective wave IV was a complex one. In our view, rising impulse V has already begun. H4. We expect to see a new bullish trend after the corrective wave [2] will be over...

Forex Analytics GBP/USD: wave analysis (Apr. 28) Authored by Roman Petuchov Weekly. The pair has been forming a rising impulse channel for more than a year. Daily. The market is now forming a corrective wave (IV). H4. Corrective wave В seems to be complete. This week we expect a bearish...

Forex Analytics EUR/USD: wave analysis (Apr. 28) Authored by Roman Petuchov Weekly. The pair is now forming a horizontal triangle. The question is where the bullish corrective wave [D] ends. Daily. Wave[D] is a complex corrective wave with (y) of [D] being a double zigzag. The second zigzag...

Market News April 28: Asian session Japanese and Chinese stocks fell on Monday amid increasing tension in Ukraine, which pressure the risk appetite and support the safe-haven assets. China President Xi Jinping disappointed the markets, saying economy doesn’t need additional monetary...

Market News Apr. 25: American Session Tatiana Norkina, FBS analyst U.S. dollar today looked weaker against most world currencies before the publication of the index of consumer sentiment according to the University of Michigan. However, the data were better than expected - 84.1 vs...

Market News Key option levels (Apr. 25) 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 April 25: Asian session USD/JPY rose to 102.50, but then returned by 20 pips lower. Japanese yen remained near the strongest level in a week against the dollar as tensions between Russia and Ukraine increased demand for safety. US Secretary of State John Kerry warned that Russia...

Market News Apr. 24: American Session Tatiana Norkina, FBS analyst Orders for durable goods in the U.S. rose by 2.6% last month instead of the forecast of 2.0%. It caused the dollar index to jump to the highest mark in the last few days 80.05. However, the subsequent unemployment data...

Market News Draghi: high EUR hurts the economy EUR/USD fell by more than 40 pips to $1.3790 as the ECB President Mario Draghi flagged the bank could make asset purchases to fight the threat of deflation. Draghi added that negative deposit rates remain an option for the government. The ECB...

April 24: Asian session Asian stocks fell after an unexpected drop in US home sales signaled a housing recover in the world’s largest economy is running out of steam. MSCI Asia Pacific Index lost 0.3%. Nikkei 225 is down by 0.95%. USD/JPY declined to 102.25, but is above yesterday’s low...

Forex Analytics Trade signals from Danske Bank (Apr. 23) *Danske Bank applies trailing stop orders (moved together with the price) EUR/USD: Long at 1.3820 with a target of 1.3906 and a stop at 1.3778 USD/JPY: Long at 102.20 with a target of 103.05 and a stop at 102.05 GBP/USD: Long at...

Forex Analytics T. Norkina: trade signals (Apr. 23) Tatiana Norkina, FBS analyst GBP/USD: buy – 1.6820; stop – 1.6800; target1 – 1.6860; USD/JPY: buy – 102.60; stop – 102.40; target1 – 103.20; target2 – 103.60

Market News Euro zone: upbeat PMIs EUR/USD strengthened by more than 50 pips to $1.3850, supported by the upbeat preliminary euro zone PMI figures for April. With the exception of the French results, the German and euro zone manufacturing and services PMI exceeded forecasts (see the table)...

Market News China: slowdown continues China economy remains in the centre of market attention. Today’s data showed that China HSBC manufacturing PMI improved a little in April, but remains in the contractive zone since the beginning of the year (48.3 vs. 48.0 in March and forecasted 48.4). A...

Asian stocks erased gains after Chinese manufacturing data signaled persisting weakness in the world’s second-largest economy and Australia’s inflation rose less than expected. USD/JPY is on the downside in the 102.70/50 area. The greenback remains near a 2-week high against the yen before US...

Market News Opinion: China economy remains stable According to the respected China economist Yu Yongding, despite a further slowdown in Q1 (GDP +7.4%), China will not face a collapse as some pessimistic observers warn of. In his view, complexity and distinctiveness of China's economy meant...

Market News Japan may cut corporate tax Norio Sasaki, a member of Japan’s government panel subcommittee on corporate tax reform, said that Japan could cut its corporate tax rate as early as next fiscal year by 2-3%. Japan’s effective tax rate of about 36% is the second-highest in the G7 after...

Market News Opinion: Sakakibara on JPY Former Ministry of Finance official Eisuke Sakakibara, known as “Mr. Yen” for his efforts to influence exchange rates in the late 1990s, said that Japanese yen will weaken as the Fed’s tightening its bond-buying program. “It is more likely that the...