Market news and trade recommendations by FBS

[riki143]

Forex Analytics

Forex trading plan for Jan. 14

Commodity currencies remain under pressure because of the declines in oil and copper, while JPY is strengthening versus the greenback as a refuge. EUR is squeezed between the 2 important levels, while GBP is supported by the BoE's Carney's comments. this and more in the the latest video by FXBAZOOKA.com.



More:
http://www.fxbazooka.com/en/analitycs/show/3253

 

[riki143]

MARKET NEWS

Jan. 15: MARKET OVERVIEW

FXBAZOOKA.com - USD got hit on Wednesday after American retail sales posted their largest decline in 11 months in Dec. (Core Retail Sales plunged by 1.0%). Weak data made investors take profit on USD. On Thursday, however, US yields recovered pushing USD higher: the market still expects the Fed to tighten policy earlier than other central banks.

USD/JPY recovered to 117.90 after dipping to 116.07 yesterday. Bank of Japan Governor Haruhiko Kuroda said today that the country’ economy is recovering moderately, and that the BOJ will maintain its quantitative and qualitative easing for as long as needed (that’s a very different approach compared with the Fed, so bullish comments for USD/JPY).

AUD/USD jumped above 0.8200 after strong jobs data led the market to scale back the risk of the Reserve Bank of Australia’s interest rate cuts in the short-term.

GBP/USD touched 1.5268 yesterday on bad US data and the Bank of England Carney’s comments that falling oil prices are “net positive: for the UK economy.

EUR/USD is trading below 1.1800 after a volatile day yesterday. The ECB on Wednesday won crucial backing for such purchases from a top EU legal adviser, who said a 2012 ECB bond-buying blueprint did not break EU law. That opens the way to QE and is EUR-negative.

Don't miss more data from the US later today (previous & forecasts readings):

More:
http://www.fxbazooka.com/en/news/show/2155

 

[riki143]

Forex Analytics

Forex trading plan for Jan. 16

Forex market has experienced a strong shock on Thursday as the Swiss National Bank has abandoned 1.20 threshold for EUR/CHF. Franc strengthened and this move set other currency pairs in motion. It looks like some time should pass before the situation stabilizes.



More:
http://fxbazooka.com/en/analitycs/show/3264

 

[riki143]

MARKET NEWS

Jan. 16: MARKET OVERVIEW

FXBAZOOKA.com - The main topic at the Forex market remains yesterday’s decision of the Swiss National Bank to abandon CHF cap versus EUR.

Asian shares dropped with US index futures, while Japanese and Australian government bond yields plunged to records as investors sought haven assets.

EUR/CHF is trading in the 1.02 area, down from 1.20 and after it hit 0.87 yesterday. USD/CHF is in the 0.8770 zone, up from the lows below 0.7300, but still about significantly below the levels around 1.02 at which it started the week.

EUR/USD is trading in the 1.1640 area after hitting 11-year low in the 1.1570 area yesterday. Traders think that the SNB was almost certain the European Central Bank would launch large-scale bond buying next week. USD/JPY tested 115.85, the lowest level since the middle of Dec.

Watch the US inflation data later today:

More:
http://fxbazooka.com/en/news/show/2158

 

[riki143]

MARKET NEWS
16 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: 1.1700 (EUR 1bln), 1.1725 (EUR 417m), 1.1750 (EUR 2.6bln), 118.00 (EUR 809m), 1.1850 (EUR350m), 1.1890-10 (EUR 2.3bln);

GBP/USD: 1.5100 (GBP 418m), 1.5300 (GBP 530m);

USD/JPY: 114.00 (EUR 1.65bln), 116.00 (USD 1.6bln), 116.50 (USD 576m), 117.00 (848m), 117.65-75 600m), 118.00 (USD 560m), 118.25 (USD 630m), 119.00 (USD 582m), 119.50 (USD 1bln);

AUD/USD: 0.7950 (AUD 1bln), 0.8125 (AUD 221m), 0.8150 (AUD 422m), 0.8165 (AUD 282m), 0.8205 (AUD 1.57bln);

NZD/USD: 0.7800 (NZD 766m).

More:
http://fxbazooka.com/en/news/show/2159

 

[riki143]

MARKET NEWS

Jan. 19: MARKET OVERVIEW

FXBAZOOKA.com - Caution ahead of the European Central Bank’s meeting on Thursday and Greek election on Sunday as the aftershocks from the Swiss National Bank’s decision to untie franc from euro last week made many investors wary of risk.

USD/JPY tested 116.90. Demand for safe haven Japanese yen rose after the Shanghai Composite Index slid by 7.1% (Chinese brokerages slid after regulators took measures to rein in margin trading, reports Bloomberg).

EUR/USD is trading in the 1.1550 area after dipping to 11-year low at 1.1460 on Friday. Many investors expect the ECB to launch a large-scale sovereign bond-buying program.

The US markets shut on Monday for a public holiday, so it’s a low liquidity environment. Meanwhile, USD remains strong after a report on Friday showed US household confidence surged on a strengthening job market and lower fuel costs.

Upcoming data

On Tuesday China will release Q4 GDP numbers. Traders will be also paying attention to comments from the Bank of Japan Governor Haruhiko Kuroda says after a two-day policy meeting starting on Tuesday.

More:
http://fxbazooka.com/en/news/show/2162

 

[riki143]

MARKET NEWS
19 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: 1.1700 (EUR 335m);

GBP/USD: 1.5340;

USD/JPY: 114.00 (USD 400m), 117.00 (USD 600m), 118.50 (USD 390m);

USD/CHF: 0.9160/70 (USD 800m);

AUD/USD: 0.7980 (AUD 450m), 0.8250 (AUD 325m);

NZD/USD: 0.7780 (NZD 200m), 0.7900 (NZD 221m).

More:
http://fxbazooka.com/en/news/show/2163

 

[riki143]

Forex Analytics

Danske Bank: trade signals for Jan. 19

Open positions:*

EUR/USD: hold SHORT at 1.1570 targeting 1.1376; revised STOP at 1.1669;

USD/JPY: hold SHORT at 117.45 targeting 116.83; revised STOP at 117.81;

NZD/USD: hold LONG at 0.7785 targeting 0.7947; revised STOP at 0.7720.

Trade ideas:

GBP/USD: SELL at 1.5185 targeting 1.5034; STOP at 1.5240;

USD/CHF: look for the opportunities to SELL on rallies towards 0.9134;

AUD/USD: BUY at 0.8155 targeting 0.8378; STOP at 0.8063;

USD/CAD: look for the opportunities to BUY;

EUR/JPY: possibly SELL;

EUR/CAD: SELL at 1.3885 targeting 1.3650; STOP at 1.3970;

GBP/JPY: SELL at 178.85 targeting 174.70; STOP at 179.65.

More:
http://fxbazooka.com/en/analitycs/show/3292

 

[riki143]

Forex trading plan for Jan. 20

The main topic of the week is the upcoming ECB meeting on Thursday. The market players will continue making assumptions about what the European quantitative easing (QE) program would be like. In the meantime, watch German ZEW Economic Sentiment indicator due on Tuesday (10:00 GMT): this release may give the euro power for some correction up. Also pay attention to China’s GDP (02:00 GMT): the nation’s economic growth will likely slow down, and a lower reading will increase bearish pressure on AUD/USD.



More:
http://www.fxbazooka.com/en/analitycs/show/3293

 

[riki143]

MARKET NEWS

Jan. 20: MARKET OVERVIEW

FXBAZOOKA.com - China’s GDP figures came higher than expected: the nation’s economy grew by 7.3% in Q4 (same as in Q3) vs. 7.2%. But growth still hovered around weakest levels since the global financial crisis, keeping pressure on policymakers to prevent a sharper slowdown.

USD/JPY rose as demand for safe haven yen declined, and traders covered short positions. US dollar rose to 118.50 approaching resistance at 118.75 (top of the daily Ichimoku Cloud).

AUD/USD, however, is trading on the downside probing levels below 0.8200. Aussie fell as BlackRock Inc., the world’s biggest money manager, said it sees the currency slumping 15% this year.

NZD/USD is down for the third day ANZ cut its milk-payout forecast for New Zealand’s Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter. New Zealand will release inflation data tonight (negative forecast).

EUR/USD is trading below 1.1600. The euro remained under pressure ahead of possible easing steps by the ECB as early as this week. Watch upcoming data from Germany:

More:
http://fxbazooka.com/en/news/show/2165

 

[riki143]

MARKET NEWS
20 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: 1.1650 (EUR 211m), 1.1700 (EUR 517m), 1.1715 (EUR 639m);

GBP/USD: 1.5300 (EUR 231m);

USD/JPY: 117.00 (USD 470m), 117.50 (USD 251m), 118.60/65 (USD 335m), 119.00 (USD 465m);

AUD/USD: 0.8000 (AUD 625m), 0.8110 (AUD 236m), 0.8260 (AUD 305m), 0.8400 (AUD 1.6bln);

NZD/USD: 0.7850 (NZD 301m), 0.7900 (NZD 372m);

EUR/GBP: 0.7635 (EUR 200m).

More:
http://fxbazooka.com/en/news/show/2166

 

[riki143]

Forex Analytics

Forex trading plan for Jan. 21

US dollar is on the strong foot versus all currencies, but Swiss franc and British pound. Wednesday will also be full of different events from the US President’s Obama speech and the start of the World Economic Forum in Davos to the important data releases.

EUR/USD failed to recover on Tuesday even despite good German data. Traders await the ECB’s meeting on Thursday. Below 1.1560 the currency will tests levels under 1.15. Resistance is at 1.1660, 1.1700 and 1.1750.

USD/JPY recovered to the Ichimoku Cloud’s top at 118.75. A close above this level can bring the pair to 119.80 and 120.00. A failure will lead the pair to support is at 117.90 and then at 115.55. Watch the results of the Bank of Japan’s meeting tomorrow morning and Governor Kuroda’s press conference.

GBP/USD was once again helped by the strong support in the 1.5100/1.5050 area. Tomorrow watch the release of the UK employment data and the Bank of England’s meeting minutes (09:30 GMT). We still prefer selling the pound on the upside as British central bank may sound dovish on the Back of the falling oil prices.

We are short on EUR/GBP and EUR/JPY. NZD/USD may once again test 0.7600.

More:
http://fxbazooka.com/en/analitycs/show/3307

 

[riki143]

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:

More:
http://www.fxbazooka.com/en/news/show/2169

 

[riki143]

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).

More:
http://www.fxbazooka.com/en/news/show/2171

 

[riki143]

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.



More:
https://fxbazooka.com/en/analitycs/show/3318

 

[riki143]

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.

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.

More:
http://fxbazooka.com/en/news/show/2175

 

[riki143]

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.



More:
http://fxbazooka.com/en/analitycs/show/3327

 

[riki143]

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:

More:
http://www.fxbazooka.com/en/news/show/2181

 

[riki143]

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).

More:
http://www.fxbazooka.com/en/news/show/2182

 

[riki143]

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).

More:
http://fxbazooka.com/en/news/show/2185