Jump to content

Market analysis and trade recommendations by FBS


Anna FBS

Recommended Posts

MARKET NEWS

 

Sep. 12: Asian session

 

FXBAZOOKA.com - Asian stocks traded mixed on Friday as investors await a key set of Chinese data over the weekend and the Federal Reserve meeting on the next week. US will release retail sales data on Friday, forecasts are upbeat. Investors are becoming increasingly hawkish on the Fed. European Union announced increased EU sanctions on Russia on Friday.

 

US dollar extended growth versus the Australian dollar and Japanese yen. USD/JPY hit a new high of 107.40, while AUD/USD dropped to the 0.9050 support.

 

EUR/USD trades almost unchanged at $1.2920, while GBP/USD remains capped at $1.6275. NZD/USD strengthened to $0.8180.

 

More:

http://www.fxbazooka.com/en/news/show/1722

Link to comment
Share on other sites

  • Replies 2.5k
  • Created
  • Last Reply

Top Posters In This Topic

MARKET NEWS

 

Key options expiring today (Sep. 12)

 

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 (14:00 GMT).

 

Here are the key options expiring today:

 

  • EURUSD 1.2850, 1.2900, 1.2960-65, 1.3000
  • GBPUSD 1.6175, 1.6310, 1.6330-40
  • AUDUSD 0.9100, 0.9160, 0.9200
  • USDCAD 1.0905, 1.0910, 1.0955-60, 1.0965, 1.1000, 1.1035, 1.1050
  • NZDUSD 0.8275
  • EURGBP 0.8050

 

More:

http://www.fxbazooka.com/en/news/show/1723

Link to comment
Share on other sites

Forex Analytics

 

Danske Bank: trade signals for Sep. 12

 

Open positions:*

 

EUR/USD: Hold SHORT from 1.2940, Take profit 1.2788, Stop loss 1.3011

 

USD/JPY: Hold LONG from 106.85, Take profit 108.45 (revised), Stop loss 105.99 (revised)

 

EUR/CAD: Hold SHORT from 1.4255, Take profit 1.3890, Stop loss 1.4365

 

GBP/JPY: Hold LONG from 171.00, Take profit 173.95, Stop loss 172.70 (revised)

 

NZD/USD: Hold SHORT from 0.8400, Take profit 0.8052(revised), Stop loss 0.8230 (revised)

 

Trade ideas

 

GBP/USD: SELL LIMIT at 1.6280, Take profit 1.6052, Stop loss 1.6350

 

USD/CHF: BUY LIMIT at 0.9300/0.9283

 

AUD/USD: SELL higher

 

EUR/CHF: BUY LIMIT at 1.2085, Take profit 1.2155, Stop loss 1.2065

 

EUR/GBP: Possibly SELL

 

USD/CAD: Look to BUY

 

EUR/JPY: Look to BUY at 137.40/35

 

________________________________________________

 

*Strategists at Danske Bank use trailing stop orders (move together with the price)

 

More:

http://fxbazooka.com/en/analitycs/show/2334

Link to comment
Share on other sites

MARKET NEWS

 

Sept. 12: American Session

 

http://fxbazooka.com/upload/tiny/US_eng.jpg

 

Tatiana Norkina, analyst at FBS

 

The US dollar index has begun to strengthen rapidly and added about 0.10% by the American session opening, after the release of data on retail sales which had risen by 0.6%, corresponding to analysts expectations. Apart from that, new data on consumer sentiment by the University of Michigan are expected to appear a little later.

 

Stock trading have opened in the red. Major US indexes are losing 0.30%.

 

Currency markets have consolidated today, but by the session opening, the dollar has strengthened against most currencies. Thus, the EUR/USD pair has collapsed to the 1.2910 mark from the high of the day around 1.2950. The GBP/USD currency pair is sliding to the 1.6220 area. USD/CHF has recovered to the 0.9370 figure. In the meantime, USD/JPY is storming new highs around 107.35.

 

More:

http://fxbazooka.com/en/news/show/1726

Link to comment
Share on other sites

MARKET NEWS

 

Sep. 15: Asian session

 

USD/JPY keeps trading above 107.00. Today is a bank holiday in Japan. Asian stocks fell after Chinese factory and retail data added to evidence a slowdown is deepening. MSCI Asia Pacific excluding Japan Index lost 1%.

 

EUR/USD opened with a gap up at $1.2970, but then drifted lower. GBP/USD met resistance at $1.6275 and then drifted down by about 40 pips.

 

AUD/USD opened the week with a large bearish gap, falling below the $0.9000 figure and testing $0.8980. Downbeat Chinese figures increased pressure on the Australian currency. NZD/USD trades under bearish pressure, hitting $0.8120 in the session. Meanwhile, Gold price recovered from a yearly low on $1225.

 

More:

http://www.fxbazooka.com/en/news/show/1727

Link to comment
Share on other sites

Forex Analytics

 

Danske Bank: trade signals for Sep. 15

 

Open positions:*

 

EUR/USD: Hold SHORT from 1.2940, Take profit 1.2788, Stop loss 1.3011

 

GBP/USD: Hold SHORT from 1.6260, Take profit 1.6052, Stop loss 1.6345

 

USD/JPY: Hold LONG from 106.85, Take profit 108.45 (revised), Stop loss 106.60 (revised)

 

NZD/USD: Hold SHORT from 0.8400, Take profit 0.8052 (revised), Stop loss 0.8230

 

EUR/CHF: Hold LONG from 1.2085, Take profit 1.2155, Stop loss 1.2065

 

Trade ideas

 

USD/CHF: BUY LIMIT at 0.9290, Take Profit 0.9437, Stop loss 0.9237

 

USD/CAD: BUY LIMIT at 1.1010, Take Profit 1.1188, Stop loss 1.0929

 

EUR/JPY: BUY LIMIT at 138.55, Take profit 140.09, Stop loss 138.20

 

AUD/USD: Possibly SELL

 

EUR/GBP: Possibly SELL

 

EUR/CAD: Possibly BUY

 

EUR/GBP: Possibly SELL

 

*Strategists at Danske Bank use trailing stop orders (move together with the price)

 

More:

http://www.fxbazooka.com/en/analitycs/show/2340

Link to comment
Share on other sites

MARKET NEWS

15 September 2014

 

CHF: SNB may change policy

 

By Mark Jensen

 

The Swiss National Bank will meet on Thursday, Sep. 18. Some market players believe that the regulator will announce a negative deposit rate.

 

Swiss franc has recently risen to almost 2-year highs versus euro: last week EUR/CHF touched 1.2043 – remember that the SNB has pledged to keep the pair above 1.2000.

 

The problem is that the European Central Bank is on the verge of quantitative easing. Overnight rates in the euro area have dipped into negative territory, while Swiss overnight rates are above zero at 0.01%. This means that the rate differentials are in favor of CHF. In addition, franc was in demand as a safe haven. Obviously, the SNB isn’t pleased about the situation like this: the euro is likely to weaken, and if EUR/CHF falls to 1.2000 and attempts to go lower, the SNB will have to intervene.

 

According to Reuters, the SNB Chairman Thomas Jordan dropped broad hints when he said the bank was ready to intervene in the foreign exchange market to defend the cap and could take further measures to ensure price stability. As the SNB’s benchmark rate is already near zero, the analysts say that the options for the central bank include lifting the minimal level for EUR/CHF from 1.20 to 1.25 or imposing negative deposit rates. the latter looks more likely at this stage. The pressure on the SNB is higher than before because the latest Swiss data shows economic growth slowing in Q2.

 

How to trade?

 

EUR/CHF recovered to the 1.2100 area on the speculation that the SNB will take steps to weaken franc and push this pair higher. However, analysts warn that unless the central bank makes a really big move the euro’s upward correction will be limited. Resistance is at 1.2150, 1.2188 (200-day MA) and 1.2235. If the SNB does nothing EUR/CHF will be vulnerable for further declines.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/September/15/eurchfdaily.png

 

More:

http://www.fxbazooka.com/en/news/show/1728

Link to comment
Share on other sites

MARKET NEWS

 

Key option levels (Sep. 15)

 

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 (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.2945, $1.3000/05 (large), $1.3050 (large), $1.3075;

 

GBP/USD: $1.6250, $1.6300, $1.6320;

 

USD/CHF: 0.9305 (large);

 

AUD/USD: $0.9000 (large), $0.9030, $0.9160 (large);

 

USD/CAD: 1.1000 (large), 1.1070/80 (large), 1.1100;

 

NZD/USD: 0.8375 (large);

 

EUR/GBP: 0.7950, 0.7975 (large), 0.7980;

 

AUD/NZD: 1.1250 (large).

 

More:

http://www.fxbazooka.com/en/news/show/1729

Link to comment
Share on other sites

MARKET NEWS

15 September 2014

 

OECD revised down economic forecasts

 

FXBAZOOKA.com - The Organization for Economic Cooperation and Development revised down its 2014 economic forecasts for the most developped countries, referring to the increased geopolitical tensions and weak inflation in euro zone.

 

According to the renewed forecast, euro zone's economy will grow by only 0.8% this year, compared to the May forecast of 1.2%. The economists especially point to a slowdown in Germany, France and Italy. OECD strongly recommends ECB to to implement QE in order to avoid slipping in deflation.

 

The US and the UK economies tend to move in a right direction, OECD says. Need for the use of unconventional measures is coming to an end. However, forecasts have also been revised down from 2.6% to 2.1% and from 3.2% to 3.1% respectively. Japan's GDP will grow by 0.9% versus previously expected 1.2%, while China's estimate remains unchanged at 7.4%.

 

More:

http://fxbazooka.com/en/news/show/1730

Link to comment
Share on other sites

MARKET NEWS

 

The 15 th of September: The day of consolidation

 

http://fxbazooka.com/upload/tiny/News/america1.png

 

Tatiana Norkina, an analyst of FBS

 

 

The Industrial production of the United States has fallen by 0.1% over the past month while analysts forecasted the increase to 0.3%. This information put pressure on the American dollar, which sank with today's high level of 83.53 to 83.40. However, the positive trend of the index is preserved: it added about 0.13% at the opening of the American session.

 

Stock markets were opened slightly down losing just over 0.10%.

 

Foreign exchange markets are consolidated. The quotation of the currency pair EUR / USD dropped to 1.2920 support level, but the bulls were trying to return to the highs. GBP / USD pair was trading at the bottom of today's range - 1.6230. As for USD / CHF, the pair had recovered to the level of 0.9370, but then fell to the support in the area of ​​0.9350. But USD / JPY was gradually decreasing to support the upper limit of the Ichimoku indicator to the 107th figure.

 

More:

http://fxbazooka.com/en/news/show/1734

Link to comment
Share on other sites

Forex Analytics

 

FBS: trading plan for Sep. 16

 

KEY EVENTS TO WATCH ON TUESDAY

 

AUD: RBA Assist Gov Kent Speaks (00:00 GMT), Monetary Policy Meeting Minutes (01:30 GMT)

JPY: BOJ Gov Kuroda Speaks (05:30 GMT)

GBP: CPI (08:30 GMT)

EUR: German & Euro Zone’s ZEW Economic Sentiment (09:00 GMT)

CAD: Manufacturing Sales (12:30 GMT), BOC Gov Poloz Speaks (16:45 GMT)

USD: PPI (12:30 GMT)

 

TRADE IDEAS

 

EUR/USD showed a series of higher lows. However, the bears are quite persistent, and the pair once again turned down from the 200-hour MA. Euro met resistance of the Ichimoku Cloud on H4 and may test the lower Bollinger band at $1.2890. Below this level euro will be vulnerable for a slide to $1.2850 – this is our base scenario. Forecasts for the euro zone’s data due tomorrow are negative. A return above $1.2962 is needed to switch the outlook to bullish with $1.3015 in sight.

 

GBP/USD managed to close the last week’s gap, but faced resistance at $1.6275 on Monday. Market participants remain nervous ahead of the Scotland’s Independence referendum on Thursday. Don’t miss the inflation data on Tuesday: UK annualized CPI growth is forecasted to slow from 1.6% to 1.5%. Negative surprise could resume the GBP selloff. However, hawkish BOE monetary policy minutes on Wednesday could render some support to the currency.

 

USD/JPY consolidates slightly below the Friday’s 107.30 high. The BOJ Governor Kuroda will hold a speech on Tuesday. However, this week trader’s attention will be glued to the FOMC meeting on Wednesday – disappointing tone of the Fed will trigger a strong bearish correction. Support lies at 106.60, 106.00 and 105.70.

 

AUD/USD opened today with a 30-pip gap down on poor data from China and Australia, but then moved higher after finding support in the $0.9000 area. Tomorrow Aussie will trade under impact of the RBA minutes. We view the downtrend as strong, but see some room for correction. Resistance is at $0.9060, $0.9100 ahead of $0.9180. The next downside target is at $0.8950.

 

More:

http://www.fxbazooka.com/en/analitycs/show/2348

Link to comment
Share on other sites

Forex Analytics

 

EUR/USD: Trade ideas for September 16

 

Felipe Erazo

 

The EURUSD has found strong resistance at the level of 1.2979, where the 200 EMA (green line) is located. Now, this pair is trying to perform a bearish retracement, so currently, the EURUSD has made a rebound above the level of 1.2919, where is located the 61.8 Fibo level.

 

If the EURUSD manages to make a breakout at the level of 1.2919, the next target would be the support level of 1.2883, which would mean a bearish consolidation in the medium term for this pair. However, if the EURUSD manages to make a breakout at the level of 1.2956, it's expected to rise to the level of 1.2979. The RSI indicator stays in neutral territory.

 

Trading recommendations: Place buy orders if the EURUSD does a rebound at the support level of 1.2931 with take profit at 1.2979.

 

http://fxbazooka.com/upload/tiny/Analytics/2014/September/16/EURUSDH1.png

 

More:

http://fxbazooka.com/en/analitycs/show/2349

Link to comment
Share on other sites

MARKET NEWS

16 September 2014

 

USD: The day of consolidation

 

http://fxbazooka.com/upload/tiny/US_eng.jpg

 

Tatiana Norkina, an analyst of FBS

 

The Industrial production of the United States has fallen by 0.1% over the past month while analysts forecasted the increase to 0.3%. This information put pressure on the American dollar, which sank with today's high level of 83.53 to 83.40. However, the positive trend of the index is preserved: it added about 0.13% at the opening of the American session.

 

Stock markets were opened slightly down losing just over 0.10%.

 

Foreign exchange markets are consolidated. The quotation of the currency pair EUR / USD dropped to 1.2920 support level, but the bulls were trying to return to the highs. GBP / USD pair was trading at the bottom of today's range - 1.6230. As for USD / CHF, the pair had recovered to the level of 0.9370, but then fell to the support in the area of ​​0.9350. But USD / JPY was gradually decreasing to support the upper limit of the Ichimoku indicator to the 107th figure.

 

More:

http://fxbazooka.com/en/news/show/1734

Link to comment
Share on other sites

Forex Analytics

 

Trading plan for Sep. 17

 

Trade ideas

 

Tomorrow will be a volatile day as the Federal Reserve meets to set policy. There’s the risk for USD to weaken if the Fed doesn’t sound more hawkish.

 

EUR/USD is consolidating ahead of big events later this week (FOMC tomorrow and the ECB’s TLTRO on Thursday). The Ichimoku Cloud keeps providing resistance at H4. The pair’s trading range has been getting narrower and narrower. We have a sell stop at $1.2900 targeting $1.2810. If the FOMC meeting activates a short squeeze, we’d put a buy stop at $1.3020 targeting $1.3100. Don’t forget that news trading may be a risky business.

 

GBP/USD is expected to have a volatile day tomorrow. Unemployment in the UK is expected to contract, while the average earning index – to increase. Meanwhile, claimant count contraction is forecasted to slow down. Don’t miss the BOE meeting minutes – hawkish tone will support the sterling. If GBP/USD overcomes $1.6300, it will test $1.6450.

 

For AUD/USD we have in mind long from $0.9070 to $0.9110. If Aussie fails to overcome $0.9070 will be selling targeting levels back at $0.9000. USD/CHF may be vulnerable for $0.9260. USD/JPY may correct towards 106.00.

 

KEY EVENTS TO WATCH ON WEDNESDAY

 

GBP: Unemployment data, MPC meeting minutes (08:30 GMT)

 

EUR: Final CPI (09:00 GMT)

 

USD: Core CPI (12:30 GMT), FOMC Statement & Economic Projections (18:00 GMT), FOMC Press Conference (18:00 GMT)

 

NZD: GDP (22:45 GMT)

 

More:

http://fxbazooka.com/en/analitycs/show/2358

Link to comment
Share on other sites

MARKET NEWS

 

Sep. 17: 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 (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.2950 (large), $1.3000 (large), $1.3050 (large), $1.3120, $1.3180, $1.3325 (large);

 

GBP/USD: $1.6495, $1.6500 (large);

 

USD/JPY: 105.00 (large), 105.75, 106.75;

 

AUD/USD: $0.9100 (large), $0.9150, $0.9290;

 

USD/CAD: 1.0760, 1.0775, 1.0875, 1.0880, 1.0910, 1.0950, 1.0980 (large), 1.1000 (large), 1.1030 (large);

 

EUR/GBP: 0.7943, 0.7980, 0.8020, 0.8100;

 

EUR/CHF: 1.2090, 1.2100;

 

EUR/JPY: 137.15, 138.25, 138.30.

 

More:

http://www.fxbazooka.com/en/news/show/1736

Link to comment
Share on other sites

MARKET NEWS

17 September 2014

 

BNP Paribas: FOMC will support USD

 

Analysts at BNP Paribas think that the Fed will shift to a more hawkish direction and make more optimistic comments on the economy. They expect the Fed’s median forecast for the Fed funds rate to rise to 1.25% from 1.13% for end-2015 and to 2.75% from 2.50% for end-2016. At the same time, the specialists think that the Fed will stop short of altering the forward guidance and its reference to the considerable period between the end of QE and the start of rate hikes.

 

BNPP recommends buying USD on the dips and maintains a short position on EUR/USD from $1.2940 targeting $1.2500.

 

More:

http://www.fxbazooka.com/en/news/show/1739

Link to comment
Share on other sites

MARKET NEWS

17 September 2014

 

GBP: unemployment rate falls to 6.2%

 

FXBAZOOKA.com - Great Britain released strong labor market data on Wednesday with unemployment rate falling from 6.4% to 6.2%, average earnings index rising by 0.6% and clamant count contracting by 37.2K. The readings overcame the market consensus.

 

However, GBP didn't push much higher as the release coincided with rather bearish MPC meeting minutes.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/September/17/gbp%20cal%20eng1.png

 

More:

http://www.fxbazooka.com/en/news/show/1740

Link to comment
Share on other sites

MARKET NEWS

 

Sep. 18: MARKET VIDEO REVIEW

 

 

  • JPY: yen sold heavily, BOJ Gov. Kuroda speaks at 6:35 GMT.
  • NZD: Q2 GDP came at 0.7% vs. 0.6% expected.
  • USD: dollar is well supported versus Forex majors after the Fed members raised their interest rate forecasts. Yellen will speak at 12:45 GMT.
  • EUR: TLTRO at 13:15 GMT.
  • GBP: Scotland votes for Independence today, Retail sales at 8:30 GMT.
  • CHF: SNB meeting (07:30 GMT): some traders expect the central bank to weaken franc. Watch EUR/CHF. On the upside watch 1.2110, on the downside watch 1.2080.

 

Watch the video for the tips about EUR/USD, GBP/USD, USD/JPY, NZD/USD and EUR/CHF.

 

http://www.youtube.com/watch?v=rQVOOud8ozc

 

More:

FX BAZOOKA - Sep. 18: MARKET VIDEO REVIEW

Link to comment
Share on other sites

MARKET NEWS

18 September 2014

 

CHF strengthened on the SNB decision

 

 

  • Benchmark rate unchanged at 0.0-0.25%
  • Deposit rate unchanged
  • EUR/CHF floor held at 1.2000

 

The Swiss National Bank didn’t change its policy at today’s meeting, while some traders expected that the regulator will introduce negative interest rate on deposits. As a result, CHF strengthened. EUR/CHF fell to 1.2065, while USD/CHF corrected towards 0.9360.

 

 

The SNB said though that CHF is still high, risk of deflation in Switzerland has once again increased, while economic outlook has significantly worsened. The SNB said that it’s ready to act immediately if necessary (interventions). However, the market expected more, and CHF got support.

 

More:

http://www.fxbazooka.com/en/news/show/1747

Link to comment
Share on other sites

MARKET NEWS

18 September 2014

 

EUR: weak reaction to TLTRO

 

TLTRO: 82.6B euro

 

The ECB announced that the European commercial banks applied for 82.6B euro in the first round of targeted long-term refinancing operations (TLTRO).

 

Earlier FXBAZOOKA.com reported that, according to the experts, the reading less than 150 billion will be negative for EUR. Still it seems that the market doesn't really know how to react to this piece of news: EUR/USD is trading below $1.2900, but there's no substantial decline on the release.

 

Don't the European banks need money? Perhaps the banks don't hurry because they know that there will be other TLTROs in future. In addition, a lot of negative factors are already priced in EUR/USD.

 

More:

http://fxbazooka.com/en/news/show/1748

Link to comment
Share on other sites

Forex Analytics

 

Trading plan for Sep 19

 

http://www.youtube.com/watch?v=GTEJFoDGXJY

 

KEY EVENTS TO WATCH ON FRIDAY:

 

CAD: Core CPI & Wholesale Sales (12:30 GMT)

 

TRADE IDEAS

 

The disappointing TLTRO didn’t trigger a sizeable decline in EUR/USD. The European banks applied only for 82.6B euro in loans from the ECB, while the market expected a reading above 150B euro. Still, markets are rather calm: the euro zone’s banks are under stress tests the results of which will be released by the end of October, so banks probably don’t want additional burden. Moreover, it’s only the first TLTRO, and there will be other ones in future. On Friday the market will be trading according to the result of the Scottish referendum. “Yes”-vote will be very negative for euro, while “no”-vote will support EUR/USD. Slightly better current account figures are expected in the euro area, though the economic calendar is rather empty. Recovery may take the pair to $1.2950 (base scenario). However, in general the fundamentals for euro still look weak compared with those for USD. The target remains at $1.2800/1.2790, and we expect to see it in the medium term.

 

British pound was the strongest currency of the day as markets are discounting the “No” campaign to prevail in the Scottish vote. The grade of uncertainty still remains high, however. Vote will finish at 21:00 GMT, while the results will be announced around 5:30 – 6:30 GMT. The moves will clearly be less volatile if Scotland decides to stay. Pound will be bought, but we forecast the $1.6600 area to limit the immediate recovery. The “Yes” victory will trigger a strong downward move as this will be a true shock for the market. The $1.6000 support will easily be broken, bearish target will switch to the $1.5720 area. It is strongly recommended to limit your risks with stop loss orders tonight – no matter are you long or short.

 

Japanese yen was the weakest currency with USD/JPY surging to 108.80. The pair is overbought, but bullish sentiment remains strong. The 110.60 mark is now in sight – this is the 2008 high. Pay attention to the JPY crosses: EUR/JPY surged above 140 yen, while GBP/JPY broke to a new 6-year high of 178, supported by the GBP bullishness.

 

More:

http://www.fxbazooka.com/en/analitycs/show/2381

Link to comment
Share on other sites

MARKET NEWS

 

Sep. 19: 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 (14:00 GMT).

 

Here are the key options expiring today:

 

EUR/USD: $1.2850 (large), $1.2900 (large), $1.2950 (large), $1.3000 (large);

 

GBP/USD: $1.6240, $1.6300, $1.6400;

 

USD/JPY: 107.00, 110.00;

 

USD/CAD: 1.0925, 1.0950 (large), 1.1050 (large);

 

AUD/USD: $0.9000 (large);

 

NZD/USD: $0.8190, $0.8195, $0.8200 (large);

 

USD/CHF: 0.9200, 0.9400;

 

EUR/CHF: 1.2150;

 

EUR/GBP: 0.7800, 0.7825, 0.7900, 0.8000.

 

More:

http://www.fxbazooka.com/en/news/show/1753

Link to comment
Share on other sites

Forex Analytics

 

Trading plan for Sep. 22

 

This weekend there will be a G20 meeting devoted to many of the global problems like Russian-Ukraine crisis. This may have an impact on the market’s risk sentiment, especially during the Asian trading session.

 

AUD/USD is consolidating between $0.9000 and $0.8930. Watch for a break of this range. New Zealand will release July Westpac Consumer Sentiment index early on Monday. Given the recent strong GDP figures, we can get a positive surprise for NZD/USD from this size.

 

As for EUR/USD watch for Mario Draghi’s speech at 13:00 GMT. Draghi will probably try so say something positive about TLRTO, providing some support to EUR/USD on the intraday. We are selling euro on the increases.

 

GBP/USD retraced from the $1.6520 resistance and returned below the $1.6400 mark. The technical picture remains bullish as long as the pair holds above the $1.6300 support.

 

More:

http://www.fxbazooka.com/en/analitycs/show/2396

Link to comment
Share on other sites

MARKET NEWS

 

Sep. 22: MARKET VIDEO REVIEW

 

  • EUR: ECB members say that they are not sure that the ECB should conduct additional monetary stimulus.
  • EUR/USD: Mario Draghi will testify to the European Parliament at 13:00 GMT, Existing Home Sales at 14:00 GMT.
  • GBP/USD met support at $1.6290
  • Risk sentiment: G20 was upbeat about the global economic growth, but cited the euro area as the major risk.
  • AUD: concerns about China
  • NZD/USD: bullish gap on NZ election results, the New Zealand National coalition wins
  • NZ consumer confidence drops in Q3

 

http://www.youtube.com/watch?v=XV-jXiZHBSw

 

More:

http://www.fxbazooka.com/en/news/show/1755

Link to comment
Share on other sites

Forex Analytics

 

Trading plan for Sep. 23

 

Trade ideas

 

EUR/USD is trading within a kind of descending triangle. The key support is at $1.2830. A break below will make the pair test $1.2790. However, sellers lack momentum for a decisive move lower. The outlook will remain bearish as long as the pair’s trading below $1.2930. Comments of Mario Draghi were mildly bearish. Tomorrow watch the release of PMI indicators in the euro area.

 

GBP/USD returned to the $1.6350 area after hitting $1.6290 in the Asian trade. Market players remain puzzled: which direction the cable is about to choose? The pair remains well supported at $1.6275/6300 – this is the ascending trend line. However, the price has to recover above $1.6400 to confirm the bullish power. We’ll stay out of the market until the medium-term trend won’t be defined. Great Britain will release public sector net borrowing (public deficit is expected) and mortgage approvals on Tuesday.

 

USD/JPY consolidates slightly below the Friday’s 6-year high of 109.45, daily support lies at 108.60. Note that Tuesday is a bank holiday in Japan. Both Japanese and US economic calendars for the coming week are relatively light, so the pair will be driven mostly by the technical factors. Corrective selling could easily bring the price down to the 108.50/00 area. Next support lies at 107.30 and 106.80. We maintain a strategy of buying the pair on dips with a medium term target of 110.00 yen.

 

AUD/USD didn’t stay in the sideways range for long. The pair breached support and fell to 6-month minimums in the $0.8864 area. From the technical point of view, Aussie reached 76.4% Fibo of the advance from January low to July high and there’s divergence at MACD and RSI at H4. Attention is now focused on China’s HSBC Flash Manufacturing PMI for Sep. (consensus forecast sees a decline in the index). Reading worse than expected could bring the pair to $0.8820. However, the pair’s oversold and a better reading will cause a correction. Resistance is at $0.8930. We’ll regard any rallies as a chance to enter shorts.

 

http://www.youtube.com/watch?v=tSOIH2aUqnA

 

More:

http://www.fxbazooka.com/en/analitycs/show/2407

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...