Market analysis and trade recommendations by FBS

[riki143]

Forex Analytics

Danske Bank: trade signals for Dec. 16

Open positions:*

EUR/USD: Hold LONG from 1.2370, Take Profit 1.2602, Stop Loss 1.2335

AUD/USD: Hold SHORT from 0.8566, Take Profit 0.8083, Stop Loss 0.8309

USD/CAD: Hold LONG from 1.1435, Take Profit 1.1680, Stop Loss 1.1530

EUR/GBP: Hold SHORT from 0.7919, Take Profit 0.7767, Stop Loss 0.7989

Trade ideas:

EUR/CHF: SELL at 1.2032, Take Profit 1.1971, Stop Loss 1.2050

EUR/CAD: BUY at 1.4415, Take Profit 1.4735, Stop Loss 1.4350

USD/JPY: Look to SELL

NZD/USD: Look to SELL

GBP/USD: Possibly SELL

EUR/JPY: Look to SELL

GBP/JPY: Possibly SELL

USD/CHF: Look to SELL

____________________________

*Danske Bank applies trailing-stop orders (moved together with the price)

More:
http://fxbazooka.com/en/analitycs/show/3091

 

[riki143]

Forex Analytics

Forex trading plan for Dec. 17

EUR/USD pushed higher on the back of the better-than-expected euro zone’s PMI and ZEW economic activity indices. The pair met resistance at 1.2560 as we speak. Push higher would open the way to 1.2600 and then, potentially, to 1.2900. On Wednesday euro zone is scheduled to release final November CPI (forecast: unchanged at +0.3%). However, the pair will mostly be driven by the Fed’s meeting expectations.

GBP/USD rose as the USD was broadly weaker on Tuesday plus the British banks stress tests results were quite encouraging. Lower-than-expected British consumer prices have tempered the advance: so far the bulls have failed to overcome resistance is in the 1.5800 area. Further resistance is at 1.5830 and 1.5875. Tomorrow the UK is expected to release rather positive labor market data. Also watch the publication of the Bank of England’s meeting minutes (09:30 GMT). Support is at 1.5650 and 1.5600. The Fed’s meeting will be decisive for the pair.

USD/JPY tested levels below 115.60: yen is in demand as a safe haven. The pair’s tested the 2-month support line and is vulnerable for a decline to 113.50 (50% Fibo of the Oct.-Dec. advance; 55-day MA). Resistance is at 117.30 and 117.95.

AUD/USD tested the 0.8200 mark to the downside, but remains resistive for now. There are no releases scheduled in Australia for tomorrow, to the pair will also depend on the Fed. Break below 0.8200 could open the way to new lows of 0.8060. The medium-term picture remains bearish.

More:
http://fxbazooka.com/en/analitycs/show/3095

 

[riki143]

MARKET NEWS

Dec. 17: MARKET OVERVIEW

GBP/USD: weakened to 1.5715. Britain will release unemployment claims data and the Bank of England’s meeting minutes at 09:30 GMT.

USD/JPY: rose back to 117.00 after weakening to 115.60 yesterday. US dollar strengthened before the Fed announces the results of its meeting today.

AUD/USD has finally broken below the 0.8200 and reached 0.8150 in the Asian trade. There was no particular news for that, market focus on the negative factors has intensified.

NZD/USD under pressure around 0.7730. RBNZ said the kiwi rate remains “unjustifiable, unsustainable”.

More:
http://fxbazooka.com/en/news/show/2106

 

[riki143]

MARKET NEWS
17 December 2014

Key option levels

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 noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.2400 (EUR 750m), 1.2500 (EUR 2bln), 1.2575 (EUR 1.1bln), 1.2600 (EUR 1.3bln);

GBP/USD: 1.5630;

USD/JPY: 115.00 (USD 500m), 116.25/30 (USD 440m), 116.50 (USD 1.6bln), 116.75 (USD 410m), 117.00 (USD 603m), 117.20 (USD 560m), 118.25 (USD 1.4bln), 119.50 (USD 4.8bln);

USD/CHF: 0.9390 (USD550m), 0.9500;

USD/CAD: 1.1400 (USD 1bln), 1.1600 (USD 1.5bln);

AUD/USD: 0.8300 (AUD 265m);

EUR/GBP: 0.7800, 0.7975.

More:
http://fxbazooka.com/en/news/show/2107

 

[riki143]

Forex Analytics

Danske Bank: trade signals for Dec. 17

Trade ideas:*

EUR/USD: Hold LONG from 1.2370, Take Profit 1.2602, Stop Loss 1.2335

EUR/GBP: Hold SHORT from 0.7919, Take Profit 0.7767, Stop Loss 0.7989

AUD/USD: Hold SHORT from 0.8566, Take Profit 0.8083, Stop Loss 0.8309

USD/CAD: Hold LONG from 1.1435, Take Profit 1.1680, Stop Loss 1.1530

EUR/CHF: Hold SHORT from 1.2032, Take Profit 1.1971, Stop Loss 1.2050

Open positions:

EUR/CAD: BUY at 1.4415, Take Profit 1.4735, Stop Loss 1.4350

USD/JPY: Possibly SELL

GBP/USD: Possibly SELL

USD/CHF: Possibly SELL

NZD/USD: Possibly SELL

GBP/JPY: Possibly SELL

EUR/JPY: Possibly SELL on rallies

__________________________

*Danske Bank applies trailing stop orders (moved together with the price)

More:
http://fxbazooka.com/en/analitycs/show/3099

 

[riki143]

MARKET NEWS

Dec. 18: MARKET OVERVIEW

USD: remains on strong positions after yesterday’s advance versus the major currencies. The Fed is expected to raise interest rates next year after removing a pledge to keep them low for a “considerable time.”

EUR/USD: is trading in the 1.2340 area after falling by more than 160 pips on Wednesday. German Ifo Business Climate is due at 09:00 GMT (forecast: 105.6). Today is the first day of the EU economic summit.

GBP/USD: is trading below 1.5600. Britain will release retail sales at 09:30 GMT (forecast: +0.3%).

USD/JPY: recovered to the levels just below 119.00.

AUD/USD: recovered a bit from a 4 1/2-year low just above 0.8100 hit yesterday as a gain in Asian stocks spurred demand for higher-yielding assets.

NZD/USD: managed to return back above 0.7700 as New Zealand’s GDP came out higher than expected (+1.0% vs. forecast of +0.7%).

More:
http://fxbazooka.com/en/news/show/2112

 

[riki143]

MARKET NEWS
18 December 2014

Key option levels

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 noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.2300 (EUR 2.7bln), 1.2400 (EUR 2bln), 1.2430 (EUR 500m), 1.2450 (EUR 572m), 1.2500 (EUR 866m), 1.2500/05 (EUR 1.3bln), 1.2525 (EUR 1bln), 1.2600 (1.7bln);

USD/JPY: 116.50 (USD 1bln), 117.00 (USD 1.2bln), 117.65 (USD 1.5bln), 117.85/118.00 (USD 1.8bln);

NZD/USD: 0.7720 (NZD 250m);

EUR/CHF: 1.2010 (EUR 350m);

EUR/GBP: 0.7850 (EUR 770m), 0.7905 (EUR 400m);

EUR/JPY:147.50 (EUR 750m).

More:
http://fxbazooka.com/en/news/show/2113

 

[riki143]

Forex Analytics

Forex trading plan for Dec. 19

The FOMC meeting: a small step towards the rate hike, but it all depends on inflation.

EUR/USD approaches the 2014 lows on the increased Fed hike expectations. Friday’s focus will be on the GfK German Consumer Climate (7:00 GMT).

USD/CHF, EUR/CHF: Swiss franc fell as the SNB introduced negative interest rates.

USD/JPY: recovered from support, next stop – the Bank of Japan’s meeting.

GBP/USD: tested 1.5540, but remains range bound.

Commodity currencies recover versus the USD amid improved risk appetite.

More:
http://fxbazooka.com/en/analitycs/show/3122

 

[riki143]

MARKET NEWS

Dec. 19: MARKET OVERVIEW

Risk sentiment has improved by the end of the week: Asian stocks showed good gains following growth on Wall Street on the relief that the Fed isn’t in a hurry to withdraw stimulus from the US economy. Stocks gained even despite oil stayed under pressure (Brent inched up 11 cents to $59.38 having lost over a $1.00 on Thursday). This means that investors are starting to see the positive sides in lower fuel costs. Japanese Nikkei climbed 2.0%, while Australia’s main index went up by 2.1%.

USD/JPY rose to 119.40: as the Bank of Japan maintained unprecedented stimulus. The BOJ offered a brighter view of the economy in a sign of confidence Japan can weather global market turbulence.

EUR/USD consolidates at 1.2280, slightly above the 2014 lows. Watch the GfK German Consumer Climate at 7:00 GMT.

AUD/USD remains supported at 0.8170, NZD/USD – at 0.7780. December ANZ Business Confidence above the forecast (31.5 vs. 30.4 expected).

More:
http://fxbazooka.com/en/news/show/2116

 

[riki143]

Forex Analytics

EURUSD: weekly review (19/12)

Tatiana Norkina analyst FBS

Daily. Last week the pair recovered to the lower border of Ichimoku cloud. But the bulls run out of power and the end of the week the pair was again in the negative area. Bears do not unloose the grip, continuing major downtrend.

At the same time, oscillators are growing and forming the divergence. In addition to this, the attention should be paid to Tenkan and Kijun lines that narrowed the range of the channel to the maximum. It is possible that after lows testing at the beginning of December, one will see the growth of the pair to the 34th figure.

Graph. Daily EUR / USD

H4. At the four-hour timeframe the trading moved into the negative zone below Ichimoku Cloud again. Here the indicator lines rebuilt and support the bears now. Therefore the dead cross was formed, and the cloud was descending, these facts can be taken as a confirmation of the downtrend continuation in the near future.

Graph. H4 EUR / USD

More:
http://fxbazooka.com/en/analitycs/show/3134

 

[Johnson]

I think as far as EUR/USD is concern, there is a lot of potential to the upside in long term, but at the moment market sentiment about the pair is not good, and ECB need to take some measure to strengthen the currency.

 

[riki143]

Forex Analytics

GBPUSD: weekly review (19/12)

Tatiana Norkina analyst FBS

Daily. The currency pair has continued to consolidate in the range of 1.5550-1.5800 more than a month. GBP/USD tested its upper bound last week, but it stumbled on resistance Kijun-sen line, and then jumped again to the bottom.

Ichimoku indicator is expected for the declining in the rate. When the pair is attached under Tenkan and Kijun lines near 1.5650 / 80, one will wait for the resumption of the downtrend.

Otherwise, attempts to restore the market to the lower boundary of the cloud are possible, but the probability of such scenario is quite low.

Graph. Daily GBP / USD

H4. At the four-hour time frame the currency pair was fixed under the cloud at the end of the week. Moreover, the bulls are unable to break the resistance of the horizontal Kijun-sen in the area of 1.5650 / 80. Tenkan and Kijun lines formed a dead cross which became a signal for new sales of the pair. The cloud is also expanding down, strengthening the bearish disposition.

Graph. H4 GBP / USD

More:
http://fxbazooka.com/en/analitycs/show/3136

 

[riki143]

Forex Analytics

USDJPY: weekly review (19/12)

Tatiana Norkina, an analyst FBS

Daily. The situation on the currency pair can be described as the development of correction at the moment. Last week the pair went under the support of Tenkan and Kijun lines, fixing December lows at 115.50. But in the second half of the week the bulls managed to restore the pair to the 119th figure, breaking the resistance of the lines.

Securing of these levels would mean a speedy resumption of the uptrend. Otherwise, the correction may have a better sequel to test the level of the cloud top.

Graph. Daily USD / JPY

H4. On four – hour graphs the trading was below Ichimoku Cloud. But pretty soon the bulls managed to return prices to the lower boundary, and break the resistance level of the strongest indicator lines by the end of the week.

Tenkan-Sen and Kijun-sen formed a golden cross, supporting the bullish determination.

Oscillators also moved into positive territory, showing that bulls took a tack at least at 120.70.

Graph. H4 USD / JPY

More:
http://fxbazooka.com/en/analitycs/show/3139

 

[riki143]

Forex Analytics

USDCHF: weekly review (19/12)

Tatiana Norkina, an analyst FBS

Daily. Bulls managed to resume the uptrend, using the support of the upper limit of the daily Ichimoku cloud. At the beginning of the week one could see a gradual depreciation of Senkou Span A. However, immediately after the level testing, the rate of the currency pair was soared to new highs above the 98th figure. As a result, Ichimoku indicator kept a positive attitude, leaving the active gold cross and expanding cloud up. Obviously, the bullish trend will be relevant in the near future.

Graph. Daily USD / CHF

H4. At the same time, the pair was quite overbought on the four-hour graphs - Chinkou line entered in the appropriate zone, threatening corrective depreciation at the beginning of the coming week.

Ichimoku indicator is quite optimistic: the gold cross is active, the cloud is bullish and continues to grow up.

Oscillators also emerged from the bearish area and focus on the "North".

Graph. H4 USD / CHF

More:
http://fxbazooka.com/en/analitycs/show/3137

 

[Johnson]

GBP/USD and USD/JPY bith are heading towards a massive move in days to come because there are lot of economic events in coming days which can move the market and these pairs, I'm looking forward to more daily analysis from FBS, so that i can help me out to make a strong trading plan in coming days.

 

[riki143]

MARKET NEWS

Dec. 22: MARKET OVERVIEW

Risk sentiment in this holiday-shortened week is rather good. MSCI’s broadest index of Asia-Pacific shares outside Japan extended gains and was up 1.1%. Australian shares surged 1.6%. Japan’s Nikkei stock average erased early gains and was flat ahead of a Japanese public holiday on Tuesday.

EUR/USD has recovered from the Friday’s low of 1.2210 to 1.2250. Euro zone is scheduled to release second-tire economic data today: German Import Prices and Consumer Confidence. This week the market will be focused on the Greek presidential election on Dec. 23 and 29. Greek President announced his readiness for consessions if the President will be elected in 2014.

AUD/USD returned to 0.8170 in Asia. The 0.8100 mark remains highly supportive.

GBP/USD rose a bit to 1.5650.

USD/JPY is trading in the 119.50 area after 3 days of growth.

More:
http://fxbazooka.com/en/news/show/2119

 

[riki143]

MARKET NEWS

Dec. 23: MARKET OVERVIEW

EUR/USD consolidates at 1.2230, holding above the 2.5 year low of 1.2215. ECB easing expectations leave euro under pressure. Euro zone will release French consumer spending data at 8:45 GMT.

USD/JPY rose to a fresh 2-week high above 120.00: It’s a bank holiday in Japan, so the liquidity volume was lower than usually. Us dollar was helped by a record-closing high on Wall Street.

AUD/USD is testing the 0.8100 mark to the downside.

Watch the US economic figures later in the day: final Q3 GDP (forecast: upbeat), November durable goods orders, home prices and inflation.

More:
http://fxbazooka.com/en/news/show/2121

 

[riki143]

MARKET NEWS
23 December 2014

Key option levels

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 noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.2150, 1.2200 (large), 1.2230 (USD 665m), 1.2300 (USD 1.4bln), 1.2320 (EUR 715m), 1.2350;

GBP/USD: 1.5600 (GBP 1.3bln);

USD/JPY: 119.50 (USD 300m), 120.00 (USD 528m), 121.00 (USD555m);

USD/CHF: 0.9800 (USD 800m);

USD/CAD: 1.1545 (USD 557m);

AUD/USD: 0.8250 (AUD 1.5bln);

NZD/USD: 0.7800 (NZD 1.9bln);

EUR/GBP: 0.7850, 0.7920.

More:
http://fxbazooka.com/en/news/show/2123

 

[Johnson]

With strong US GDP Data, it is seen in the market that the Market sentiment about the USD is just getting stronger and stronger and many analyst believe that the USD is just getting too much ahead and in the future correction is waiting for the currency.

 

[riki143]

MARKET NEWS

Dec. 24: MARKET OVERVIEW

US dollar remained in demand after a stunningly strong US economic growth spurred markets to bring forward the timing of a likely hike in interest rates (US Q3 GDP was revised to 5.0%). The dollar index reached highs not seen since April 2006.

Economic calendar for today is rather light with the US unemployment claims dominating the day.

USD/JPY declined from 120.75 to 120.30 as Japanese exporters were selling the national currency.

EUR/USD consolidates at 1.2170, pressured by the strong US economic figures.

More:
http://fxbazooka.com/en/news/show/2125