Market analysis and trade recommendations by FBS

[riki143]

MARKET NEWS

 

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: 1.2500 (EUR 1.1bln), 1.2550 (EUR 851m), 1.2580 (EUR 1.3bln), 1.2615/20 (EUR 716m), 1.2650 (EUR 2.2bln);

 

USD/JPY: 117.50 (USD 350m), 118.25 (USD 400m), 118.50 (USD 710m);

 

USD/CHF: 0.9675 (USD 1.1bln), 0.9700 (USD 600m);

 

AUD/USD: 0.8600 (AUD 230m);

 

USD/CAD: 1.1400 (USD 310m), 1.1500 (USD 921m);

 

EUR/GBP: 0.7825 (EUR 1.1bln), 0.7850, 0.7925 (EUR 302m).

 

More:

http://www.fxbazooka.com/en/news/show/1987

[riki143]

MARKET NEWS

 

Nov. 24: MARKET REVIEW

 

USD/JPY: rose to 118.00 after a dip to 115.57. Yen declined a bit as polls showed Prime Minister Shinzo Abe’s party has the most support after he called early elections. Japanese public and market holiday today led to reduced liquidity during the Asian session.

 

EUR/USD: gapped down, approaching the 28-month low of 1.2350, but recovered towards 1.2390. German Ifo Business Climate will be released at 9:00 GMT (forecast – downbeat).

 

GBP/USD: edged up to 1.5670.

 

AUD/USD: consolidates in the 0.8660/8700 area. People's Bank of China unexpectedly announced interest rate cuts on Friday, opening the way for more easing.

 

More:

http://www.fxbazooka.com/en/news/show/1993

[riki143]

MARKET NEWS

 

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: 1.2400, 1.2425 (EUR 418m), 1.2500 (EUR 1.1bln);

 

USD/JPY: 117.25;

 

USD/CAD: 1.1250;

 

AUD/USD: 0.8610 (AUD 1bln), 0.8800 (AUD 840m);

 

EUR/JPY:146.00 (EUR 568m).

 

More:

http://www.fxbazooka.com/en/news/show/1995

[riki143]

Forex Analytics

 

Danske Bank: trade signals for Nov. 24

 

Open positions*:

 

USD/JPY: Hold LONG from 117.70, Take Profit 119.84, Stop Loss116.79

 

GBP/USD: Hold SHORT from 1.5725, Take Profit 1.5522, Stop Loss 1.5745

 

EUR/CHF: Hold SHORT from 1.2080, Take Profit 1.2006, Stop Loss 1.2042

 

Trade ideas:

 

EUR/USD: SELL at 1.2435, Take Profit 1.2289, Stop Loss 1.2507

 

USD/CHF: BUY at 0.9650, Take Profit 0.9818, Stop Loss 0.9605

 

EUR/JPY: SELL at 146.74, Take Profit 144.32, Stop Loss 148.05

 

EUR/GBP: SELL at 0.7955, Take Profit 0.7799, Stop Loss 0.8010

 

AUD/USD: Look to SELL

 

USD/CAD: Look to BUY lower

 

EUR/CAD: Look to SELL

 

GBP/JPY: Look to BUY

 

NZD/USD: Look to SELL

 

________________________________

 

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

[riki143]

Forex Analytics

 

Trading plan for Nov. 25

 

FX BAZOOKA analysts claim that euro and pound remain under pressure vs. US dollar.

 

https://www.youtube.com/watch?v=qtashga3RWQ

 

More:

http://fxbazooka.com/en/analitycs/show/2929

[riki143]

Forex Analytics

 

EUR / USD: weekly Wave Analysis

 

Roman Petukhov

 

Weekly. The building of the final part of a convergent horizontal triangle B continues. Currently zigzag [E], the layout is discussed below.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/eurusd1.PNG

 

Daily. Zigzag [E] comprises two pulses (A) and © and a small corrective wave (B). At the moment the end of the zigzag - wave 5 of © is formed. To determine the possible price movement to a new week, one should consider the details of the markings on H4.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/eurusd2.PNG

 

H4. The market is fully formed the first four waves of the impulse 5. After correction [iv] of 5, the pair falling will proceed in a new descending wave [v] of 5. On the new week it is expected to continue to reduce the pulse as it is indicated in the figure.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/eurusd3.PNG

 

More:

http://www.fxbazooka.com/en/analitycs/show/2931

[riki143]

Forex Analytics

 

AUD / USD: weekly Wave Analysis

 

Roman Petukhov

 

Weekly. The market forms a long downward correction , that takes the form of a Triple Zigzag. At present, the final descending zigzag (z) of is formed.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/audusd1.PNG

 

Daily. The graph shows the layout of the last section. Zigzag (z) is a simple three-wave motion ABC. And the momentum looks totally complete. At the moment the beginning of the correction B is formed .

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/audusd2.PNG

 

H4. After completion of the descending wave A formation, we saw the beginning of the construction of a new correctional wave B. It is difficult to say what form of the wave it will be, but it is likely that in the coming weeks we will see the development of the lateral flat market. It is recommended to be cautious in trading on this range, it is better to pay attention to other currency pairs.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/audusd3.PNG

 

More:

http://www.fxbazooka.com/en/analitycs/show/2932

[riki143]

Forex Analytics

 

USD / JPY: weekly Wave Analysis

 

Roman Petukhov

 

Daily. The formation of the end of a powerful and long-lasting uptrend continues. On the last section the development of the bullish pulse V takes place. Lets consider its marking in details.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/usdjpy1.PNG

 

H12. The impulse V is the classical motion of five waves. As for now the last part of the most recent uptrend is formed . One can consider the graph on H4.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/usdjpy2.PNG

 

H4. The detailed layout plot shows that the construction of the bullish trend has been completed. In the near future we can see the gradual correction or rapid pulse decrease. In this situation it is not recommended to hold long positions hoping that the trend will be continuated.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/usdjpy3.PNG

 

More:

http://www.fxbazooka.com/en/analitycs/show/2933

[riki143]

Forex Analytics

 

GBP / USD: weekly Wave Analysis

 

Roman Petukhov

 

Weekly. The market continues to generate a strong downward momentum C, which is a part of the global zigzag ABC.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/gbpusd1.PNG

 

Daily. After the completion of the correctional wave [2] construction the decreasing of the currency pair was proceeded within the new downtrend. one can consider the graph more detailed to refine judgment.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/gbpusd2.PNG

 

H4. There are chances that the downward movement accelerates. If the assumption is true, we will see a good reduction in the wave 3 of (3) the next week. However, if the market starts to fall in the first half of the week, then one should be wary, because this will mean that more complex wave is forming than it was originally anticipated.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/24/gbpusd3.PNG

 

More:

http://www.fxbazooka.com/en/analitycs/show/2934

[riki143]

MARKET NEWS

 

Nov. 25: MARKET REVIEW

 

USD/JPY: the pair is consolidating in the 117.50/118.50. The Bank of Japan’s Governor Kuroda declined to comment on whether recent yen declines were too rapid.

 

EUR/USD: consolidates in the narrow 1.2420/20 range. No releases on the euro zone’s agenda scheduled for today.

 

GBP/USD: the pair once again returned below 1.5700. Inflation report hearings will start in Britain at 10:00 GMT.

 

AUD/USD and NZD/USD extend the downside after the overnight drop.

 

More:

http://fxbazooka.com/en/news/show/2002

[riki143]

Forex Analytics

 

Barclays Capital: fresh Forex forecasts

 

Here are the most recent currency forecasts by Barclays Capital.

 

http://fxbazooka.com/upload/tiny/Analytics/2014/November/24/q74.PNG

 

More:

http://fxbazooka.com/en/analitycs/show/2938

[riki143]

Forex Analytics

 

Danske Bank: trade signals for Nov. 25

 

Open positions*:

 

EUR/USD: Hold SHORT from 1.2435, Take Profit 1.2289, Stop Loss 1.2507

 

USD/JPY: Hold LONG from 117.70, Take Profit 119.84, Stop Loss117.03

 

GBP/USD: Hold SHORT from 1.5725, Take Profit 1.5522, Stop Loss 1.5745

 

EUR/CHF: Hold SHORT from 1.2080, Take Profit 1.2006, Stop Loss 1.2042

 

GBP/JPY: Hold LONG at 185.50, Take Profit 188.50, Stop Loss 184.45

 

Trade ideas:

 

USD/CHF: BUY at 0.9650, Take Profit 0.9818, Stop Loss 0.9605

 

EUR/GBP: SELL at 0.7955, Take Profit 0.7799, Stop Loss 0.8010

 

AUD/USD: SELL at 0.8650, Take Profit 0.8450, Stop Loss 0.8750

 

NZD/USD: SELL at 0.7880, Take Profit 0.7660, Stop Loss 0.7980

 

EUR/JPY: Look to BUY lower

 

USD/CAD: Look to BUY lower

 

EUR/CAD: Look to SELL

 

________________________________

 

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

 

More:

http://fxbazooka.com/en/analitycs/show/2937

[riki143]

Forex Analytics

 

Trading plan for Nov. 26

 

The second estimate of the US GDP exceeded expectations: US economy added 3.9% vs. 3.3% expected. However, the currency market wasn’t impressed: during the American session the greenback is trading in the negative territory versus its major peers. In addition, CB consumer confidence index has declined. Tomorrow the US will release a bunch of important economic data. Economists at Citi and BNP Paribas, for example, are skeptical about today’s release and look forward to the information on the personal spending due tomorrow.

 

EUR/USD recovered to 1.2480 on the news from the US. If the pair fixes above 1.2500, this will open the way to 1.2550 – here lies the trend resistance. There are no important releases in the euro area tomorrow, just German import prices (a decline’s expected).

 

GBP/USD got support at 1.5650 and returned above 1.5700. Resistance is at 1.5740 – the pair may be forming a rising triangle and a break above this level will lead to an increase to 1.5788 and 1.5850. Support is at 1.5650 and 1.5595. There was nothing interesting at the inflation report hearings. On Wednesday at 09:30 GMT Britain will release the second Q3 GDP estimate and business investment data.

 

USD/JPY is still trading below Nov. 20 minimum at 118.97. The uptrend has slowed down. On the hourly chart we can see a consolidation in the triangle. Support is located at 117.35 and 116.10.

 

AUD/USD breached down support at 0.8580 (now it’s a resistance) and fell to a 4-year low at 0.8513. RBA Deputy Governor Lowe said that Aussie will likely keep falling following the commodity prices. Support is at 0.8490 and 0.8450.

 

More:

http://fxbazooka.com/en/analitycs/show/2943

[riki143]

MARKET NEWS

 

Nov. 26: MARKET REVIEW

 

EUR/USD: consolidates in the 1.2465/85 range after 2 days of recovery. Watch the German Import Prices and 10-year bond auction results later in the day.

 

AUD/USD: recovered some ground after falling to 0.8510 on Tuesday (lowest since July 2010). Comments from the RBA Deputy Governor Philip Lowe contributed to the selling. Australia Construction Work Done dropped more than expected in Q3.

 

United States are scheduled to release a bunch of important data in the US session (13:30 -17:00 GMT).

 

More:

http://www.fxbazooka.com/en/news/show/2011

[riki143]

Forex Analytics

 

USD / JPY: the analysis of Murray levels

 

Leonid Varfolomeev

 

D1.The pair has reached the level of 06.08 (118.75), and has not been able to overcome it yet, that implies a possible scenario of the retracement to CTD1 and the nearest level of 5/8 (115.63). Against the background tt is still bullish CTW1 with CTD1, a global fall below 8.5 should not be expected.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/25/USDJPYDaily.png

 

H 4. There is no one candle that closed above the key level of 08.08 (118.75). So if there is a clearance up of this level now, then the growth to the level of +2/8 (121.85) should be expected. As for a rebound from the current positions in the area of 6/8 (115.63), it is possible in the case of tangible break down CTH4 (at least a third of the width of the levels).

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/25/USDJPYH4.png

 

More:

http://www.fxbazooka.com/en/analitycs/show/2944

[riki143]

Forex Analytics

 

GBP/CHF: trade idea

 

Tatiana Norkina, an analyst at FBS

 

Bulls have not been able to get into the positive region second day in a row - the upper limit of the four-hour Ichimoku cloud prevents the breakdown. Coupled with the overbought market, this fact may work in favor of short-term bears, which could adjust the pair, at least in the area of 1.5080.

 

Oscillators are also going to decline. The MACD histogram has been reducing during the last session. The same result is for RSI that is gradually decreasing.

 

Also one should pay attention to the daily timeframe. It is possible that a reversal pattern "hanged" is being formed on the candlestick chart. With due acknowledgment during today's session the bearish trend will long remain in force.

 

 

 

Technical levels: support - 1.5080, 1.5110; resistance - 1.5190.

 

Trading recommendations:

 

1. Sell - 1.5170; SL - 1.5200; TP1 - 1.5110; TP2 - 1.5080.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/25/GBPCHFH4.png

 

More:

http://www.fxbazooka.com/en/analitycs/show/2945

[riki143]

Forex Analytics

 

EUR/USD: sales ahead

 

Tatiana Norkina, FBS analyst

 

Over the past two days, the bulls have managed to restore the currency pair rate to the 1.2480 level. It is here that the resistance is formed by the Kijun-sen line in the four-hour timeframe. Corrective growth was expected, since the Chinkou line prompted a strong currency pair oversoldness due to the Friday's collapse.

 

Obviously, it makes sense to expect a downward rebound from 1.2480 in the near future as the cloud is still bearish.

 

At the same time, we will observe the pair around the 1.2440 level, as the formation of a golden cross by the Tenkan and Kijun lines is possible here. In this case, the bulls can get active, setting the goal at the lower cloud border.

 

Oscillators have supported the pair growth. MACD has crossed the zero mark and got into the positive area.

 

Technical levels: support – 1.2440; resistance – 1.2480, 1.2540.

 

Trade recommendations:

 

1. Sell — 1.2480; SL — 1.2500; TP1 — 1.2440; TP2 — 1.2390.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/26/eurusdh4-TN.png

 

More:

http://www.fxbazooka.com/en/analitycs/show/2946

[riki143]

Forex Analytics

 

GBP/USD: growth possible

 

Tatiana Norkina, FBS analyst

 

After the bears showed complete indifference to the 1.5600 figure, the bulls have set for work, not ceasing to attack the 57th figure. Yesterday, this level was broken through and at the moment we might be witnessing consolidation above it. Such turn of events is obvious to lead to another round of short-term bying and to the corrective recovery of the pair into the four-hour cloud. Some of the levels, towards which growth is possible, were mentioned in our previous review – 1.5760 and 1.5875.

 

Technical levels: support – 1.5680, 1.5700; resistance – 1.5760, 1.5875.

 

Trade recommendations:

 

1. Buy — 1.5710; SL — 1.5690; TP1 — 1.5760; TP2 — 1.5875.

 

http://www.fxbazooka.com/upload/tiny/Analytics/2014/November/26/gbpusdh4-TN.png

 

More:

http://www.fxbazooka.com/en/analitycs/show/2947

[riki143]

Forex Analytics

 

Trading plan for Nov. 27

 

https://www.youtube.com/watch?v=GJbSIF6OXFw

 

EUR/USD has recovered some ground this week, but remains capped by the 1.2500 mark in the late European session. According to our forecast, a break above this hurdle could open the way to the next bullish targets at 1.2550 and 1.2600. On Thursday euro zone is scheduled to release a bunch of data with the November German Preliminary CPI as a headliner. The market sentiment towards the euro will strongly depend on the news.

 

GBP/USD has breached the ascending triangle to the upside. The pair’s correcting up as the market seems tired of the USD longs. A fix above 1.5790 will open the way to 1.5875. Pound is now at the upper border of the short-term rising channel. If resistance holds, look at support at 1.5670 and 1.5625.

 

USD/JPY is consolidating in the 117.70 area. The bias is to the downside, although the pair moves very slowly. Support is at 117.35 and 117.00 ahead of 116.15.

 

AUD/USD is testing the 0.8500 mark to the downside on Wednesday, testing the levels unseen since 2010. We see from the monthly chart, that in November the price has fallen below the lower border of the Ichimoku (0.8540). Aussie remains under pressure because of the RBA, China and falling commodity prices. Daily close below the 0.8500 mark would be a strong selling signal. On Thursday Australia is scheduled to release Q3 private capital expenditure data (forecast – negative).

 

More:

http://fxbazooka.com/en/analitycs/show/2948

[riki143]

MARKET NEWS

 

Nov. 27: MARKET REVIEW

 

Risk sentiment: Generally positive. Asian stocks rose to 1-month high as investors bet that more central bank stimulus in China and Europe would have the positive impact on the global economy. US financial markets are shut for Thanksgiving Day. Oil prices tumbled to a 4-year low as hopes for output cuts by OPEC went away. A Gulf Arab OPEC delegate told Reuters that the organization members have reached a consensus not to cut oil production today.

 

US dollar: American currency declined as weaker US economic data reduced demand for it pushing Treasury yields lower.

 

EUR/USD: The pair’s trading just above 1.2500. The ECB’s President Mario Draghi will speak today at 11:30 a.m. GMT.

 

GBP/USD: The pair’s consolidating just under 1.5800.

 

USD/JPY: The pair’s declined to 117.25 as Japanese stock market went down because of the political uncertainty in Japan.

 

AUD/USD: The pair rose to 0.8600 on better-than expected data from Australia. The country's new capital expenditure rose by 0.2% in Q3, although a decline of 1.7% was expected.

 

NZD/USD: The pair rose above 0.7900.

 

More:

http://www.fxbazooka.com/en/news/show/2018

[riki143]

Forex Analytics

 

Danske Bank: trade signals for Nov. 27

 

Open positions*:

 

USD/JPY: Hold LONG at 117.70, Take Profit 119.84, Stop Loss 117.03

 

AUD/USD: Hold SHORT at 0.8566, Take Profit 0.8315, Stop Loss 0.8624

 

EUR/JPY: Hold LONG at 147.00, Take Profit 148.43, Stop Loss 146.28

 

EUR/CHF: Hold SHORT at 1.2080, Take Profit 1.2006, Stop Loss 1.2042

 

EUR/CAD: Hold SHORT at 1.4025, Take Profit 1.3790, Stop Loss 1.4125

 

GBP/JPY: Hold LONG at 185.50, Take Profit 188.50; STOP AT 184.45

 

NZD/USD: Hold SHORT at 0.7840, Stop Loss 0.7915

 

Trade ideas:

 

EUR/USD: Look to SELL at 1.2560/70

 

GBP/USD: BUY at 1.5740, Take Profit 1.5886, Stop Loss 1.5645

 

USD/CHF: BUY at 0.9575, Take Profit 0.9741, Stop Loss 0.9525

 

USD/CAD: BUY at 1.1200, Take Profit 1.1403, Stop Loss 1.1145

 

EUR/GBP: SELL at 0.7955, Take Profit 0.7799, Stop Loss 0.8010

 

__________________________________

 

Danske Bank applies trailing-stop orders

 

More:

http://www.fxbazooka.com/en/analitycs/show/2953

[riki143]

Forex Analytics

 

Forex trading plan for Nov. 28

 

On Thursday the market attention was glued to the OPEC meeting in Vienna. As many expected, oil cartel members left the output quotas unchanged. As a result, oil prices decline resumed. USD/CAD jumped back above the 1.1300 mark on the news. Note that the US markets have been closed on Thursday (Thanksgiving Day celebration), so the OPEC’s decision will strongly impact the market on Friday.

 

EUR/USD consolidated below the 1.2500 figure on Thursday. The single currency could gain some ground on German retail sales data and French consumer spending early on Friday, but be ready for new losses on euro zone’s CPI at 10:00 GMT. Strong resistance – 1.2550 и 1.2600, while support lies at 1.2440 and 1.2350.

 

AUD/USD attempted to recover on Thursday, but failed to overcome the 0.8600 resistance. Next levels below the price– 0.8520/00 and 0.8470.

 

GBP/USD was rejected by resistance in the 1.5800 area and slid below the 100-period MA on H4. The pair returned to the middle of the rising channel. Support is at the current levels of 1.5730 and at 1.5680/70. A break below will confirm a flag and make the pair to renew lows. Further resistance is at 1.5875.

 

USD/JPY found support in the 117.20 area. Resistance is at 118.20 and 118.55. Further support is at 116.10. The market players will watch Japan’s inflation data due during Friday’s Asian session – a bit lower figures are expected – such outcome will help USD.

 

https://www.youtube.com/watch?v=gNY4GZ69CC0

 

More:

http://fxbazooka.com/en/analitycs/show/2956

[riki143]

MARKET NEWS

 

Nov. 28: MARKET OVERVIEW

 

EUR/USD: remains under pressure. Support seen at 1.2440. Watch German Retail Sales (7:00 GMT), French Consumer Spending (7:45 GMT) and euro zone’s CPI (10:00 GMT).

 

GBP/USD: The pair’s trading just above 1.5700.

 

USD/JPY: The pair rose above 118.00. Yen weakened as falling oil prices softened Japan’s inflation outlook increasing expectations of more policy easing by the Bank of Japan. The nation’s core consumer inflation excluding the effects of April's tax hike was estimated at 0.9%, less than halfway to meeting the BOJ's 2% target.

 

AUD/USD: selling pressure on the Aussie resumed. The pair is retesting the0.8480 support (recent lows).

 

NZD/USD: bearish pressure prevails, but kiwi has recovered some pips on the upbeat ANZ Business Confidence data.

 

More:

http://www.fxbazooka.com/en/news/show/2026

[riki143]

MARKET NEWS

 

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: 1.2450 (EUR 401m), 1.2475/80 (EUR 923m), 1.2500/15 (EUR 930m), 1.2530-50 (EUR 700m);

 

USD/JPY: 116.50 (USD 2.5bln), 116.60 (USD 400m), 117.10 (USD 530m), 117.75/80 (USD 1.2bln);

 

USD/CAD: 1.1170/90 (USD 400m), 1.1250 (USD 301m);

 

AUD/USD: 0.8500 (AUD 750m), 0.8535 (AUD 500m), 0.8650 (AUD 554m);

 

EUR/JPY: 145.80.

 

More:

http://www.fxbazooka.com/en/news/show/2027

[riki143]

MARKET NEWS

 

Dec. 1: MARKET REVIEW

 

EUR/USD: The pair is trading in the 1.2450 area.

 

GBP/USD: The pair tested 1.5585. Britain will release manufacturing PMI at 09:30 GMT.

 

USD/JPY: The pair tested levels above 119.00 rising to the highest levels since July 2007. Yen is declining as the falling oil prices strengthen the fears of deflation in Japan.

 

AUD/USD: The pair opened with a gap down and tested 0.8417. Official manufacturing PMI indicated slowing growth in China.

 

NZD/USD: The pair gapped down and tested 0.7776.

 

EUR/CHF: The pair opened with a gap up at 1.2035 + Gold opened with a gap down and tested 1142.15 before recovering to 1151.85: Swiss voters reject boost to gold reserves.

 

More:

http://www.fxbazooka.com/en/news/show/2035