Market news and trade recommendations by FBS

[riki143]

Danske Bank: trade signals for Dec. 3

Open positions:*

EUR/USD: Hold SHORT at 1.2460, Take Profit 1.2289, Stop Loss 1.2510

USD/JPY: Hold LONG at 118.15, Take Profit 120.00, Stop Loss 118.01

GBP/USD: Hold LONG at 1.5690, Take Profit 1.5826, Stop Loss 1.5600

USD/CHF: Hold LONG at 0.9635, Take Profit 0.9790, Stop Loss 0.9614 (revised)

EUR/JPY: Hold LONG at 147.00, Take Profit 149.56, Stop Loss 147.05 (revised)

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

EUR/CAD: Hold LONG at 1.4135, Take Profit 1.4340, Stop Loss 1.4015

GBP/JPY: Hold LONG at 185.50, Take Profit 188.50, Stop Loss 185.00 (revised)

NZD/USD: Hold SHORT at 0.7855, Take Profit 0.7712, Stop Loss 0.7930

Trade ideas:

USD/CAD: BUY at 1.1360, Take Profit 1.1531, Stop Loss 1.1309

EUR/CHF: BUY at 1.2029, Take Profit 1.2082, Stop Loss 1.2007

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

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FX BAZOOKA - Danske Bank: trade signals for Dec. 3

 

[riki143]

Forex Analytics

Forex trading plan for Dec. 4



EUR/USD hit a multi-month low of 1.2320 in the European trade on the softer-than-expected euro zone’s PMI in the Services sector and retail sales data. Daily close below the recent low of 1.2360 would confirm the current bearish move and open the way for a move lower, to the 1.2250/00 area. Markets stay bearish on the euro ahead of the ECB meeting on Thursday – some players expect Mario Draghi to announce a full-scale QE tomorrow.

GBP/USD has once again found support above 1.5600. The pair is supported by a sell-off in EUR/GBP. Still, the efforts of the bulls will likely be constrained because of the general strength of the US dollar. The pair’s consolidating in a triangle ahead of this week’s big events – the Bank of England’s meeting on Thursday and the US NFP on Friday. Resistance is at 1.5710 ahead of 1.5830/50. Sterling’s advance will likely be limited as the BOE will keep rates unchanged worrying about the negative effects from the euro area. A break below 1.5600/5585 will open the way to 1.55 and lower.

USD/JPY showed a bullish close on Tuesday. The pair’s trading just below 119.50. Next levels to watch on the upside are at 119.85 and 120.00. Support is at 118.20 and 117.70.

AUD/USD has recovered some ground from the 0.8380 support, but remains far below the 0.8500 resistance. Australian Q3 GDP was a strong disappointment for the market, strengthening the case for more ECB easing to come. Don’t miss Australian October retail sales and trade balance figures tonight at 00:30 GMT. Forecast for the retail sales is especially downbeat (+0.1% versus prior +1.2%).

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FX BAZOOKA - Forex trading plan for Dec. 4

 

[riki143]

MARKET NEWS

Dec. 4: MARKET OVERVIEW

USD/JPY has almost reached 120.00: Japanese media (Yomiuri, Asahi and Nikkei newspapers and Kyodo News ) polls showed that Prime Minister Shinzo Abe’s coalition may keep its two-thirds majority in the lower house of parliament in general elections on Dec. 14.

USD is up as America released strong data: The Fed’sreport (Beige Book)showed businesses across the country are hiring workers in industries from aerospace to finance. Another positive sign is that private employers added 208K workers in Nov. (ADP employment report). Moreover, ISM non-manufacturing index rose to the second-highest level since August 2005.

GBP/USD is just below 1.5700 ahead of the Bank of England’s meeting results due at 12:00 GMT.

EUR/USD awaits the ECB meeting at the multi-month lows of 1.2300. Policy decision at 12:45 GMT will be followed by a press-conference at 13:30 GMT.

Australia released upbeat retail sales and trade data. However, AUD/USD touched fresh low of 0.8350 in Asia.

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FX BAZOOKA - Dec. 4: MARKET OVERVIEW

 

[riki143]

MARKET NEWS
4 December 2014

Key option levels

FXBAZOOKA.com - Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.2265 (EUR 639m), 1.2300 (EUR 477m), 1.2350 (EUR 950m), 1.2400 (EUR 1.9bln), 1.2450 (EUR 2bln);

USD/JPY: 119.00 (USD 1bln), 119.75 (USD 350m), 120.00 (USD 2.1bln);

USD/CHF: 0.9640 (USD 210m), 0.9900 (USD 381m);

USD/CAD: 1.1365 (USD 670m), 1.1400 (USD 1.36bln);

AUD/USD: 0.8400 (AUD 275m);

NZD/USD: 0.7725 (NZD 525m);

EUR/JPY: 146.75 (EUR 450m), 148.50 (EUR 350m);

EUR/CHF:1.2030/40 (EUR 560m).

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FX BAZOOKA - Key option levels

 

[riki143]

Forex Analytics

Danske Bank: trade signals for Dec. 4

Open positions:*

EUR/USD: Hold SHORT at 1.2460, Take Profit 1.2242, Stop Loss 1.2425

USD/JPY: Hold LONG at 118.15, Take Profit 120.75, Stop Loss 118.49

GBP/USD: Hold LONG at 1.5690, Take Profit 1.5826, Stop Loss 1.5615

USD/CHF: Hold LONG at 0.9635, Take Profit 0.9839, Stop Loss 0.9685

AUD/USD: Hold SHORT at 0.8566, Take Profit 0.8315, Stop Loss 0.8480

EUR/GBP: Hold SHORT at 0.7955, Take Profit 0.7799, Stop Loss 0.7950

EUR/CHF: Hold LONG at 1.2029, Take Profit 1.2082, Stop Loss 1.2007

NZD/USD: Hold SHORT at 0.7855, Take Profit 0.7660, Stop Loss 0.7930

Trade ideas:

USD/CAD: BUY at 1.1314, Take Profit 1.1531, Stop Loss 1.1224

EUR/CAD: SELL at 1.4050, Take Profit 1.3855, Stop Loss 1.4145

EUR/JPY: BUY lower

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FX BAZOOKA - Danske Bank: trade signals for Dec. 4

 

[riki143]

Forex Analytics

Forex trading plan for Dec. 5

On Friday market attention will be glued to the US Non-Farm Payrolls release at 13:30 GMT. According to the forecast, the US economy created 231K new jobs in November (slightly more than in October). The figure will be crucial for all the currency pairs as it will impact Fed’s rate hike expectations.

On Thursday EUR/USD has recovered a figure from the multi-month low of 1.2300 as the ECB announced no QE. According to Mario Draghi, ECB could alter stimulus measures in early 2015 if needed (not necessarily in January). Mario Draghi is clearly advocating new stimulus, so the overall picture for EUR/USD remains clearly bearish. On Friday watch the German Factory Orders data.

USD/JPY reached 120.15. The advance was fueled by the initial decline in EUR/USD. The market players are probably taking profit after such big target was hit. Support is at 119.50, 119.10 and 118.60. Resistance is at 120.20 and 121.00.

GBP/USD fell to 1.5640. The Bank of England left monetary policy unchanged. Pound is still above support at 1.5595/85. We expect more consolidation around 1.5675 ahead of the US NFP release.

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FX BAZOOKA - Forex trading plan for Dec. 5

 

[riki143]

MARKET NEWS

Dec. 5: MARKET OVERVIEW

EUR/USD was sold on the post-ECB rallies on Thursday. Watch German Factory Orders data at 7:00 GMT.

USD/JPY: trading above 120.00. The US dollar is supported as economists predicted US job growth has quickened last month.

GBP/USD: failed to fix above 1.5700 yesterday and declined to 1.5623 driven by the stronger USD.

Markets await the US NFP data at 13:30 GMT (forecast: 231K; prior: 214K). Weaker-than-expected ADP NFP has set slightly pessimistic expectations on Wednesday.

Canada is also scheduled to release a bunch of data at 13:30 GMT (forecasts are mostly downbeat).

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FX BAZOOKA - Dec. 5: MARKET OVERVIEW

 

[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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.2300 (EUR 1.2bln), 1.2350 (EUR 1.3bln), 1.2400 (EUR 1.75bln), 1.2415 (EUR 557m), 1.2450 (EUR 1.3bln);

USD/JPY: 118.50 (USD 1.5bln), 120.00 (USD 550m), 121.00 (USD 702m);

AUD/USD: 0.8400 (AUD 486m);

USD/CAD: 1.1250 (USD 400m), 1.1280 (USD 760m), 1.1350, 1.1425/30 (USD 440m);

EUR/GBP: 0.7850, 0.7900. 0.8000.

More:
FX BAZOOKA - Key option levels

 

[riki143]

Forex Analytics

Danske Bank: trade signals for Dec. 5

Open positions:*

EUR/USD: Hold LONG at 1.2398, Take Profit 1.2575, Stop Loss 1.2338

USD/JPY: Hold LONG at 118.15, Take Profit 120.95, Stop Loss 119.10

GBP/USD: Hold LONG at 1.5690, Take Profit 1.5826, Stop Loss 1.5615

AUD/USD: Hold SHORT at 0.8566, Take Profit 0.8315, Stop Loss 0.8480

EUR/GBP: Hold SHORT at 0.7955, Take Profit 0.7799, Stop Loss 0.7950

EUR/CHF: Hold LONG at 1.2029, Take Profit 1.2082, Stop Loss 1.2007

GBP/JPY: Hold LONG at 185.50, Take Profit 189.90, Stop Loss 186.85

NZD/USD: Hold SHORT at 0.7855, Take Profit 0.7660, Stop Loss 0.7850

Trade ideas:

USD/CHF: Look to BUY at 0.9620/30

USD/CAD: Revised BUY at 1.1314, Take Profit 1.1531, Stop Loss 1.1224

EUR/JPY: Possibly BUY

EUR/CAD: Possibly BUY

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

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FX BAZOOKA - Danske Bank: trade signals for Dec. 5

 

[riki143]

MARKET NEWS

Dec. 8: MARKET OVERVIEW

Asian markets came under pressure as data releases highlighted the weakness of the region’s key economies. China's imports fell surprisingly in November, showing weak domestic demand. AUD/USD gapped lower and fell to 0.8270 on the release.

Japan’s Q3 GDP was revised down to -0.5% from -0.1%. USD/JPY touched a fresh multi-year high of 121.80 yen.

EUR/USD consolidates around 1.2280. Economic calendar for today is rather light with the Eurogroup meeting as a key event. GBP/USD slipped to a new low of 1.5550.

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FX BAZOOKA - Dec. 8: MARKET OVERVIEW