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MARKET NEWS

 

Jan. 21: MARKET OVERVIEW

 

FXBAZOOKA.com - Asian shares excluding Japan hit a 6-week high and EUR/USD stayed under pressure on Wednesday trading below 1.1600 as investors expect the European Central Bank to announce quantitative easing (QE) on Thursday.

 

AUD and NZD are on the upside after losses in the previous days. CAD weakened to more than 5-year low on speculation the Bank of Canada may signal it’s more likely to lower interest rates than raise them (the BOC meeting results are due at 15:00 GMT).

 

USD/JPY fell from 118.80 to 117.50. Japanese yen strengthened as the Bank of Japan policy unchanged at its meeting. Japan’s Nikkei fell by 0.5% as there was no new monetary stimulus in Japan. The BOJ cut its inflation projection to 1% for the fiscal year starting in April, while raising its forecast for GDP to 2.1%. EUR/JPY fell by 100 pips.

 

Gold extended its rally to a 5-month high, rising above $1,300 per ounce. US 10-year yield stood at 1.797% after it fell to the lowest level since May 2013 at 1.698% on Tuesday.

 

GBP/USD rose to 1.5175 after a volatile day yesterday. Watch the UK releases at 09:30 GMT:

 

http://www.fxbazooka.com/upload/tiny/Analytics/2015/January/20/Jan%2021.jpg

 

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MARKET NEWS

21 January 2015

 

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: 1.1500 (EUR 847m) 1.1600 (EUR1.4bln) 1.1650 (EUR 849m) 1.1700 (EUR 2.2bln);

 

GBP/USD: 1.5000 (GBP266m);

 

USD/JPY: 118.00 (USD 1.2bln) 120.00 (USD 352m);

 

USD/CHF: 0.9150 (USD 500m) 0.9300 (USD 420m);

 

AUD/USD: 0.8000 (AUD 750m) 0.8210 (AUD 817m);

 

USD/CAD: 1.2000 (USD 540m);

 

NZD/USD: 0.7600 (NZD319m) 0.7850 (NZD 301m);

 

EUR/GBP: 0.7700 (EUR 338m).

 

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Forex Analytics

 

Forex trading plan for Jan. 22

 

Thursday will be a day of great volatility in EUR/USD as the ECB is expected to announce QE. There’s talk that the regulator still hasn’t made a decision. The market is very nervous & there’s an extremely high risk of a knee-jerk reaction in euro: the pair shoot to the upside and then plunge. As a result, market players should be especially careful with stop & entry levels.

 

GBP/USD lowered to 1.5100 as the Bank of England released dovish meeting minutes. Pound has strong support in the 1.5050/30 area, but the inability to decisively break resistance at 1.5200 will increase the negative pressure on pound. A close below 1.5050 will confirm a temporary top in the 1.5270 area and open the way to 1.4900 and 1.4813.

 

USD/JPY got rejected at the Ichimoku Cloud’s top at 118.80 and fell to 117.40. We target 115.80 and 115.55 as the pair's trading below 117.90.

 

We also recommend you joining USD/CAD bulls on the pullbacks down as the Bank of Canada has lowered its benchmark interest rate.

 

https://www.youtube.com/watch?v=70C77U7U900

 

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MARKET NEWS

 

Jan. 22: MARKET OVERVIEW

 

EUR/USD is trading in the 1.1580 area ahead of the ECB’s meeting later today. The European Central Bank is likely to announce a quantitative easing program and the markets are eager to hear the details of it.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/21/Jan%2022.jpg

 

USD/CAD is near 6-month highs just under 1.2400 as the Bank of Canada has made a surprise move to lower the benchmark interest rate from 1% to 0.75% citing a threat to economic growth and its inflation targets from the dramatic drop in oil prices.

 

The BOC’s action made investors weigh the possibility of the Reserve Bank of Australia making the same move soon. AUD/USD is hovering just above the 5-year low at 0.8032 set earlier in the month. NZD/USD has slid today to the new 2-year low at $0.7512 today.

 

USD/JPY rose to about 118.22 yen, retracing some of its 0.7% drop in the previous day.

 

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Forex Analytics

 

Forex trading plan for Jan. 23

 

By Elizaveta Belugina

 

Now that we are past the ECB’s meeting it’s really a relief. The European Central Bank has tried to make its decision balanced: on the one hand, the amount of QE was greater than expected, but, on the other hand, most risks will be loaded on the shoulders of the national central banks and the ECB won’t buy Greek debt.

 

As the market has generally got the idea of what the ECB’s statement would be like because some of the info was leaked in advance, trading wasn’t that nervous. EUR/USD fell to the new lows in the 1.1450 area. A close below will open the way for new targets at 1.1350 and 1.1200. If we get some of consolidation in the short term, it might be limited by resistance at 1.1650.

 

On Friday the market will keep digesting the outcome of the ECB’s meeting. Also watch the euro area’s PMI releases at 08-09:00 GMT.

 

USD/CAD may get some new impulses as Canada will publish retail sales and inflation figures at 13:30 GMT. Negative readings are expected and this will be a bullish factor for USD/CAD. The next target on the upside is 1.25. Other commodity currencies, especially, NZD will also find themselves under pressure in the near future. China will release HSBC Manufacturing PMI at 01:45 GMT – the release will likely have an impact on AUD and NZD.

 

For GBP/USD watch retail sales release at 09:30 GMT. For now the pair’s still range bound (1.5200/1.5050).

 

USD/JPY declined on Thursday. Support at 117.15. The pair is vulnerable for 115.85. Resistance is at 117.90.

 

https://www.youtube.com/watch?v=9cYN4S6cMCE

 

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MARKET NEWS

 

Jan. 23: MARKET OVERVIEW

 

EUR/USD is trading at 11-year low in the 1.1315 area after the European Central Bank launched a quantitative easing program. The euro is preparing for another challenge in form of the Greek elections on Jan. 25. If the leftist Syriza party wins, it could trigger a standoff with the EU/IMF lenders and make Greece quit from the euro zone.

 

European shares surged, German stocks hit record highs and euro zone bonds rallied, while German government bond yields slid to new record lows. On Wall Street, the S&P 500 and the Dow each gained 1.5%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose to an 8-week high. Japan’s Nikkei gained 1%.

 

The market didn’t react much on HSBC flash PMI which showed China’s manufacturing growth stalling for the second straight month in January.

 

Crude oil prices bounced after Saudi Arabia announced that King Abdullah had died and his successor, Salman, quickly named his own heir to rule the world’s biggest oil exporter.

 

AUD/USD fell to 0.7964 as traders think that the Reserve Bank of Australia may soon ease its policy.

 

Here are the main upcoming events:

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/21/Jan%2023.jpg

 

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MARKET NEWS

23 January 2015

 

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: 1.1400 (EUR 1bln), 1.1450 (EUR 740m), 1.1500 (EUR 1bln), 1.1550 (EUR 2.2bln), 1.1600 (EUR 1.1bln), 1.1650 (EUR 822m), 1.1700 (EUR 1.45bln);

 

GBP/USD: 1.5250 (GBP 350m);

 

USD/JPY: 117.00 (USD 334m), 118.00 (USD 2.3bln), 118.25 (USD 749m), 119.00 (USD 565m);

 

AUD/USD: 0.7900 (AUD 456m);

 

NZD/USD: 0.7500 (NZD 500m);

 

EUR/GBP: 0.7500 (EUR 660m), 0.7600 (EUR 270m).

 

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MARKET NEWS

Key option levels

 

26 January 2015

 

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: 1.1400 (EUR 538m), 1.1500 (644m), 1.1550 (EUR685m);

 

GBP/USD: 1.5100 (GBP 278m);

 

USD/JPY: 116.50 (USD 300m), 117.00 (USD 265m), 117.50 (USD 310m), 118.00 (USD 346m);

 

NZD/USD: 0.7550 (NZD 615m).

 

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Forex Analytics

 

EUR/USD: wave analysis for Jan. 26-30

 

Weekly. The pair keeps forming a global wave plane B, within which it builds strong downward impulse [C]. Consider the details of the impulse [C].

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/eurusd1.PNG

 

Daily. The pair is currently developing a powerful wave (5) of [C]. There are no signs of change or termination of the downtrend. Consider the wave (5) to determine the prospects of a possible movement of the pair this week.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/eurusd2.PNG

 

H4. After having completed a small corrective wave 4, the pair declined in the new downward impulse 5. This week we expect the bearish movement to continue in this impulse.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/eurusd3.PNG

 

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AUD/USD: wave analysis for Jan. 26-30

 

Weekly. The pair keeps forming the global downward correction , which is taking the form of a triple zigzag. At the moment, we see the development of the final zigzag (z).

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/audusd1.PNG

 

Daily. As part of the zigzag (z) the pair keeps forming the descending impulse A. Soon this impulse will be fully completed and the pair will begin development of a new upward wave B.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/audusd2.PNG

 

H4. We can see the details of the wave [5] of A. Immediately after the completion of the wave (4) the pair collapsed in a new impulse wave (5). This week we expect it to continue falling within this bearish wave.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/audusd3.PNG

 

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USD/JPY: wave analysis for Jan. 26-30

 

Weekly. The pair keeps forming a powerfulmulti-monthuptrend.At the moment,the pair is buildingthe final partof this trend –an impulse wave[V]. Considerits markup on smaller timeframes.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/usdjpy1.PNG

 

H12. After the completion of the horizontal triangle [iV], we saw a strong movement up. At the last section a new horizontal triangle is being formed, but it differs from the previous one by its size. After completion of this triangle, the pair will continue growing in the new bullish wave (V).

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/usdjpy2.PNG

 

H4. As part of the triangle (IV) the pair’s building the upward zigzag D, after the end of which we’ll see the formation of a new descending wave E. The approximate trajectory of the upcoming motion is shown at the picture.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/usdjpy3.PNG

 

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Forex Analytics

 

AUD/USD: wave analysis for Jan. 26-30

 

Weekly. The pair keeps forming the global downward correction , which is taking the form of a triple zigzag. At the moment, we see the development of the final zigzag (z).

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/audusd1.PNG

 

Daily. As part of the zigzag (z) the pair keeps forming the descending impulse A. Soon this impulse will be fully completed and the pair will begin development of a new upward wave B.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/audusd2.PNG

 

H4. We can see the details of the wave [5] of A. Immediately after the completion of the wave (4) the pair collapsed in a new impulse wave (5). This week we expect it to continue falling within this bearish wave.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/audusd3.PNG

 

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Forex trading plan for Jan. 27

 

The opposition anti-austerity party Syriza has won Greek election. Syriza gets 149 seats in Parliament (out of 151 needed for majority) and has made an alliance with the Independent party to gain the majority needed to take over from New Democracy/Pasok. The market will be now looking for every piece of news about Greece’s negotiations with the creditors, but we don’t expect any fatal announcements in the coming sessions. This means that EUR/USD has room for correction/consolidation.

 

EUR/USD rose to 1.1260 on Monday closing the opening gap after falling to as low as 1.1097. Resistance is at 1.1305 and 1.1370. Support is at 1.1000.

 

GBP/USD is trading below the previous support at 1.5050 and is vulnerable for a decline to 2013 low in the 1.4813/00 area where it should find a good support. Watch the UK GDP data tomorrow at 09:30 GMT.

 

USD/JPY is fluctuating around 118.00. Support is located at 117.25, 116.90 and 115.85. On Tuesday the US will release several important pieces of data, and the forecasts are quite positive. A break above 118.90 will open the way to 120.00. The pair’s ability to rise above the 120 handle will depend on the outcome of the Fed’s meeting on Wednesday.

 

https://www.youtube.com/watch?v=z-5cANu1wzo

 

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MARKET NEWS

Jan. 27: MARKET OVERVIEW

 

EUR/USD is holding above support at 1.1225 (23.6% of the decline after the ECB announced QE). The single currency is steady on Tuesday after having bounced off an 11-year low on Monday as investors decided to take profits on extremely bearish positions. In Greece the leftist Syriza has formed a government with the rightwing Independent Greeks party. Traders will be watching for more news from the country.

 

USD/JPY remains limited on the upside by the top of the Ichimoku Cloud in the 118.60/90 area. A member of Japan’s Council on Economic and Fiscal Policy said that the yen is very low and will appreciate.

 

The US Federal Reserve starts a 2-day policy meeting today, the results of which will be announced on Wednesday. The market players wonder if the Fed takes a more dovish stance after the central banks in the euro area, Canada and Switzerland eased their policy.

 

Watch for the following important events today:

http://fxbazooka.com/upload/tiny/Analytics/2015/January/26/Jan%2027.jpg

 

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Key option levels

27 January 2015

 

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: 1.1300 (EUR 545m), 1.1400 (EUR 849m);

 

USD/JPY: 117.75 (USD 200m), 118.00 (USD 200m), 118.40 (USD 450m), 119.00 (USD 240m);

 

GBP/USD: 1.5175 (GBP200m);

 

AUD/USD: 0.8025 (AUD 398m);

 

NZD/USD: 0.7650 (NZDUSD 598m).

 

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Forex trading plan for Jan. 28

 

US dollar got hit on Tuesday by the disappointing durable goods data: the headline reading contracted by 3.4% vs. 0.6% gain expected, while the base figure was down by 0.8%. The release is important, because it’s a leading indicator of production: falling purchase orders signal that manufacturers will decrease activity.

 

As a result, the markets will expect the Federal Reserve to sound more cautious at the meeting tomorrow. The Fed will issue its statement at 18:00 GMT.

 

EUR/USD kept correcting up and reached 1.1370 (50% Fibo of the post-ECB decline). The correction may extend to the 1.1500 area (inverse Head & Shoulders target; resistance line since Dec. 2014). Support is at 1.1210/25, 1.1100 and 1.1050.

 

Pound apparently has good support in the psychological 1.5000 area. GBP/USD rose to 1.5200. Above this level the pair may rise to 1.5265 and 1.5370. Support is at 1.5050. There will be no news from Britain tomorrow.

 

USD/JPY is consolidating within a triangle. Support is in the 117.25/15 area. Resistance is in the 118.65/85 zone. A break of this range can bring the pair either to 119.50 and 120.00 or to 115.85. Note that as the pair still hasn’t managed to break above the daily Ichimoku Cloud – that’s a reason to fear that the bulls will lack power. Much will depend on the outcome of the Fed’s meeting.

 

Support for NZD/USD is at 0.7370 and 0.7325. Resistance is at 0.7515 and 0.7550. The Reserve Bank of New Zealand is expected to keep rates unchanged tomorrow and remove or diminish the tightening bias (20:00 GMT).

 

https://www.youtube.com/watch?v=ynVvgT47CWE

 

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MARKET NEWS

Jan. 28: 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: 1.1150 (EUR 295m),1.1300 (EUR 513m), 1.1400/20 (EUR 560m);

 

USD/JPY: 117.00 (USD 200m), 118.50 (USD 628m);

 

AUD/USD: 0.7960 (AUD 381m), 0.8075 (AUD 396m);

 

USD/CAD: 1.2375 (USD 438m), 1.2290 (USD 300m);

 

EUR/JPY:136.95 (EUR 402m).

 

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http://fxbazooka.com/en/news/show/2197

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Forex trading plan for Jan. 29

 

The Federal Reserve decided to wait and see what will happen with the US economy – this is a balanced stance, but still more hawkish when those of the other central banks, so the prospects for USD are rather bullish, though trading will be mixed and unsteady. The US will release unemployment claims at 13:30 GMT.

 

EUR/USD descended to 1.1280. Concerns about Greece have risen as the nation’s new Prime Minister Alexis Tsipras, challenged international creditors on Wednesday by halting privatization plans agreed under the country’s bailout deal. Watch German preliminary inflation report & unemployment figures.

 

USD/JPY keeps consolidating in the 117.25/118.80 area. Watch Japanese inflation figures early on Friday. Shorts possible below 117.00 targeting 116.50/00. Resistance is at 118.09, 118.80 and 119.30.

 

GBP/USD faces resistance at 1.5155 and may drift down to 1.5100. More sideways trading is expected. The pair waits for new drivers. Resistance is at 1.5200, 1.5267 and 1.5350.

 

AUD/USD has spiked up on Wednesday and below the recent low at 0.7857 the downside may extend to 0.7800/7780.

 

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MARKET NEWS

Jan. 29: 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: 1.1100 (EUR 378m), 1.1230 (EUR 231m), 1.1250 (EUR 420m), 1.1400 (EUR373m);

 

USD/JPY: 116.50 (USD 7332m), 117.00 (USD 520m), 117.65 (USD 400m), 118.00 (USD 300m), 118.50 (USD 2.1bln), 119.00 (USD 2.7bln), 119.50 (USD 885m);

 

GBP/USD: 1.5100 (GBP 1bln), 1.5250 (GBP 302m), 1.5400 (GBP 744m);

 

NZD/USD: 0.7295/0.7300 (NZD 1.29bln).

 

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Forex trading plan for Jan. 30

 

We are getting ready to sell EUR/USD targeting firstly 1.1225 and then 1.1100. On Friday there will be many data releases in the euro area, but one should certainly focus on inflation figures due at 10:00 GMT.

 

AUD/USD reached the 200-month MA at 0.7780. The outlook for Aussie is bearish as traders are speculating about the possibility of the Reserve Bank of Australia cutting rates next Tuesday. The next support is at 0.7650. Resistance is at 0.7950. On Friday watch Australian producer price data (00:30 GMT). NZD/USD shorts targeting 0.7150 seem like a good trade idea.

 

USD/CAD has surged to 1.2550. The pair is certainly very overbought and required correction at least to 1.2400. On the upside targets lie at 1.2630, 1.2680 and 1.2700. The US and Canada will release GDP data at 13:30 GMT.

 

GBP/USD and USD/JPY keep consolidating and the levels to watch for them remain pretty much the same. USD/JPY faces resistance at 118.80 and 119.30 and has support at 117.25/15, 116.50 and 115.85. GBP/USD has resistance at 1.5155, 1.5200, 1.5267 and support at 1.5100, 1.5050 and 1.5000. The US GDP release should bring more volatility in these pairs.

 

https://www.youtube.com/watch?v=i-PCc3srYDc

 

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MARKET NEWS

Jan. 30: MARKET OVERVIEW

 

EUR/USD is trading in the 1.1325 area. The euro area will release inflation data at 10:00 GMT. The data could come low as German consumer prices fell in January for the first time since 2009. The next key data for USD is an advance reading on US Q4 GDP at 13:30 GMT, which economists think will show a solid growth of 3.0%.

 

USD/JPY is below 118.00, almost in the middle of the recent sideways range. Japan released mixed economic data. Industrial production increased more than expected in December, but inflation slowed slightly more than expected: without the impact of the sales tax hike the price growth is the lowest since June 2013.

 

Commodity currencies – AUD, NZD and CAD – tried to correct a bit up after heavy selling in the previous sessions. EUR and JPY are rather stable. CHF paused after falling versus both USD and EUR on Thursday: the market is speculating about the intervention by the Swiss National Bank.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/29/Jan%2030.jpg

 

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Forex Analytics

 

Danske Bank: trade signals for Jan. 30

 

Open positions:*

 

EUR/USD: hold LONG at 1.1302; TAKE PROFIT at 1.1460; STOP at 1.1259

 

USD/JPY: hold LONG at 117.60; TAKE PROFIT at 119.97; revised STOP at 117.16

 

USD/CHF: hold LONG at 0.8755; TAKE PROFIT revised to 0.9361; revised STOP at 0.9044

 

AUD/USD: hold SHORT at 0.8130; TAKE PROFIT revised to 0.7683; revised STOP at 0.7917

 

EUR/CHF: hold LONG at 1.0195; TAKE PROFIT at 1.0650; STOP at 1.0185

 

GBP/JPY: hold LONG at 177.80; TAKE PROFIT at 180.95; STOP at 177.20

 

Trade ideas:

 

USD/CAD: BUY at 1.2550; TAKE PROFIT at 1.2718; STOP at 1.2490

 

EUR/JPY: BUY at 132.85; TAKE PROFIT at 135.81; STOP at 132.15

 

EUR/GBP: SELL at 0.7540; TAKE PROFIT at 0.7391; STOP at 0.7600

 

GBP/USD: SELL at 1.5130; TAKE PROFIT at 1.4886; STOP at 1.5240

 

NZD/USD: SELL at 0.7340 TAKE PROFIT revised to 0.7120; STOP at 0.7405

 

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MARKET NEWS

 

Key option levels

30 January 2015

 

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: 1.1200 (EUR 291m), 1.1300 (EUR 427m), 1.1400 (EUR 565m), 1.1450/60 (EUR 662m)

 

GBP/USD: 1.5350 (GBP 340m);

 

USD/JPY: 115.50 (USD 1.17bln), 117.75 (USD680m), 118.00 (USD 698m), 118.50 (USD 513m), 119.00 (USD 1.6bln);

 

AUD/USD: 0.7750 (AUD 619m), 0.7850 (AUD 527m), 0.7900 (AUD 303m);

 

USD/CAD: 1.2500 (USD 280m);

 

NZD/USD: 0.7200 (NZD 634m), 0.7300 (NZF 624m), 0.7400 (NZD 289m);

 

EUR/JPY: 134.50 (EUR 252m), 138.00 (EUR 460m).

 

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http://fxbazooka.com/en/news/show/2206

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MARKET NEWS

Feb. 2: MARKET OVERVIEW

 

Chinese official manufacturing PMI unexpectedly shrank for the first time in nearly 2-1/2 years in January. A separate survey, the HSBC/Markit Purchasing Managers’ Index (PMI), showed on Monday that activity in China’s factory sector shrank for a second month in January.

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/23/feb%201.jpg

 

USD/JPY briefly touched a 2-week low below 117.00 on Monday. The Bank of Japan’s Governor Haruhiko Kuroda said he did not think the recent weakening of the yen was severely hurting the country’s economy. Then demand from Japanese importers helped the US dollar to recover to 117.87. Still, the USD bulls are not very confident after data on Friday showed that American economic growth slowed in Q4.

 

AUD/JPY hit 11-month low at 90.70 before returning up to 91.50. Canadian dollar is trading on the downside. AUD/USD and NZD/USD are a bit on the upside, but still close to the minimums.

 

The new Greek government has said that it will not cooperate with the ‘Troika’ of international creditors, and does not plan to seek an extension for its aid package which is set to expire at the end of February. However, there’s no fresh sell-off in the euro: some analysts think that much of bad news on Europe may have been already priced in. EUR/USD is trading in the 1.1300 area.

 

Here are the important events to watch today:

 

http://fxbazooka.com/upload/tiny/Analytics/2015/January/23/feb%202.jpg

 

More:

http://fxbazooka.com/en/news/show/2213

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MARKET NEWS

Key option levels

2 February 2015

 

2 February 2015, 08:22 Comments: 0

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: 1.1225 (EUR 225m), 1.1250 (EUR 835m);

 

USD/JPY: 118.15 119.00;

 

AUD/USD: 0.7750 (AUD 450m), 0.7800, 0.7840 (AUD 400m,) 0.7900 (AUD 420m);

 

NZD/USD: 0.7300 (NZD 200m);

 

EUR/JPY: 133.00 (EUR 330m).

 

More:

http://fxbazooka.com/en/news/show/2216

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