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Market News Goverment needs a cheeper AUD The Australian government has recently expressed its concern with regards to the RBA recent shift to 'neutral' in policy stance, Financial Review website says. As AFR notes: "The Reserve Bank of Australia’s move to a “neutral bias” on monetary policy...

Key option levels (Apr. 22) 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 10 a.m. New...

USD/CHF: trade within the wedge By Mark Jensen USD/CHF moves up for a second week, approaching the 2013-2014 downward-sloped trend line (currently around $0.8900). US dollar gained some ground on the back of rather positive statistics. However, the upside will likely be limited until the...

NZD/USD this week: ahead of RBNZ By Elizaveta Belugina The Reserve Bank of New Zealand will conduct a meeting tomorrow evening (21:00 GMT). According to the forecasts, RBNZ will raise its benchmark interest rate by 25 bps to 3.0% within its current tightening cycle – all 17 economists polled...

April 22: Asian session Most Asian stocks rose as US equities capped their longest stretch of gains since October and the yen extended losses, boosting the outlook for Japanese exporters. Markets in Australia, New Zealand and Hong Kong resume trading after holidays, ahead of a report on Chinese...

GBP/USD is able to go higher By Mark Jensen GBP/USD keeps trading in the $1.6800 area. On Thursday the pair touched the highest level since 2009 on the dovish comments from the Fed’s Chairwoman Janet Yellen, while pound was boosted by the UK’s strong jobs and wages data released on Wednesday...

EUR/USD: weekly prospects Authored by Kira Iukhtenko EUR/USD spent the past week in the sideways $1.3790/3865 channel. The market demand for the euro remains subdued – the currency holds below the April 11 high at $1.3905. This week we expect the greenback to take over in this battle. The...

AUD/USD: Elliott waves (Apr. 21) By Roman Petuchov Weekly. The global emerging structure is a Zigzag. The correctional wave which is a part of it is complete. In the coming months we expect the pair to rise. Chart. Weekly AUD/USD Daily. Downward impulse is complete . In last section we...

USD/JPY: Elliott waves (Apr. 21) By Roman Petuchov Daily. USD/JPY is forming the long-term corrective wave IV. When this wave is complete, we’ll see a new uptrend, which will be the wave V. Chart. Daily USD/JPY H12. The more detailed markup tells us that the wave IV is complete. This...

GBP/USD: Elliott waves (Apr. 21) By Roman Petuchov Weekly. During the last 8 months the market has been growing within an ascending impulse [C] of B. Consider the layout of the bullish trend. Chart. Weekly GBP/USD Daily. The chart shows the layout of the rising impulse. The pair’s currently...

EUR/USD: Elliott waves (Apr. 21) By Roman Petuchov Weekly. EUR/USD is forming the wave (Y) of [D] of the convergent horizontal triangle. Chart. Weekly EUR/USD Daily. The wave mentioned above is taking form of a double Zigzag. At present, euro’s forming the final zigzag [A] - - [C]. Chart...

CFTC: USD longs down Here are the essentials of the latest Commitments of Traders (COT) report, released on April 18 by the Commodity Futures Trading Commission (CFTC) for a week ended on April 15. According to the report, net long USD positions contracted versus the other major currencies...

USD/JPY rose to 102.70. Yen fell after a report showed Japan’s trade deficit widened more than forecast last month. EUR/USD remains in the $1.3810/20 area. US dollar is feeling rather well versus yen and euro as the leading US economic indicators that may back speculation the Federal Reserve...

Tatiana Norkina, an analyst at FBS In the absence of major market players (most countries of the world celebrate Good Friday) trading on the currency markets are proceeded very moderately in the lateral direction today. Thus, the currency pair EUR/USD stopped at 1.3820, after a morning...

Tatiana Norkina, analyst at FBS U.S. dollar index has weakened somewhat today after yesterday's "dovish" comments by J. Yellen who acknowledged the labor market weakness and the low level of inflation in the country. The index was supported, to a certain extent, by today's data on unemployment...

Tatiana Norkina, analyst at FBS The publication of the US past-month industrial production data, which turned out slightly better than forecasted by analysts, has contributed to strengthening of the U.S. dollar index today, after it falling to the 79.70 area. Nevertheless, the dollar is still...

Key option levels (Apr. 16) 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 10 a.m. New...

USD/JPY recovered to 102.26. Yen fell as Japanese stocks rose the most in almost two months. The Bank of Japan’s Governor Haruhiko Kuroda told parliament today the central bank will make the utmost effort to achieve 2 percent inflation. Japan’s Topix stock index rose by 2.3%, the most since Feb...

Apr. 15: American Session Tatiana Norkina, analyst at FBS After J. Yellen's speech, the firming US dollar index tumbled unexpectedly to the 79.75 figure, thus not breaking the important 80.00 level. Negative data on the housing market contributed to the deterioration of the moods as well...

Key option levels (Apr. 15) 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 10 a.m. New...