Market news and trade recommendations by FBS

[riki143]

Forex Analytics

Forex trading plan for Dec. 16



US dollar firmed versus all the major currencies on Monday as investors await the Fed’s meeting outcome on Wednesday. Given the recent strong US releases, part of market players expect the US monetary authorities to turn more hawkish in December.

EUR/USD holds below the 1.2500 mark as the expectations for the ECB’s QE keep on growing. On Tuesday watch the euro zone’s PMIs and ZEW economic activity indices – forecasts are upbeat. Break above 1.2500 could open the way for a higher rebound towards 1.2600, while support is seen at 1.2350.

GBP/USD fell from 1.5745 down to 1.5630. Watch the UK inflation data on Tuesday – price growth is expected to have slowed further in November. BOE Governor Marc Carney will deliver a speech tomorrow.

AUD/USD hovers near its 4.5-year lows slightly above the 0.8200 mark. This figure acts as a support these days, but the medium-term picture remains bearish. The RBA is scheduled to release its meeting minutes tonight. What’s more, the Aussie could also be influenced by the Chinese HSBC manufacturing PMI tonight (forecast – downbeat).

More:
FX BAZOOKA - Forex trading plan for Dec. 16

 

[riki143]

MARKET NEWS

Dec. 16: MARKET OVERVIEW

USD/JPY: edged down to 117.12. Yen strengthened as demand for it as a safe haven rose after crude oil slumped by 4.8% to $55.02 a barrel on Monday and Russia raised interest rates from 10.5 to 17% on Tuesday.

China’s HSBC Flash Manufacturing PMI fell below the crucial 50 mark for the first time in 7 months, coming below the forecast at 49.5. RBA monetary policy minutes show a cheaper currency is needed to support the economy. AUD/USD tested the 0.8200 mark to the downside, but found some support here.

Markets await flash manufacturing and services PMI's and ZEW economic sentiment readings for Germany and the region. First figures will be released at 8:30 GMT. EUR/USD hovers around 1.2440.

GBP/USD: rose a bit to 1.5665. The UK will release bank stress tests results and the Bank of England’s Financial Stability Report at 07:00 GMT. Governor Mark Carney will speak at 09:00 GMT. At 09:30 GMT Britain will release November inflation figures.

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FX BAZOOKA - Dec. 16: 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 706m) 1.2500 (EUR 1.3bln) 1.2550 (EUR 789m);

GBP/USD: 1.5800 (GBP 747m);

USD/JPY: 117.00 (USD 2.7bln), 118.00 (USD 1.7bln), 119.00 (USD 1.3bln), 120.00 (USD 3.68bln);

USD/CAD: 1.1500 (USD 340m);

EUR/GBP: 0.7820 (EUR 829m) 0.7975 (EUR 501m);

AUD/JPY: 98.00 (AUD 600m).

More:
FX BAZOOKA - Key option levels

 

[riki143]

Forex Analytics

Danske Bank: trade signals for Dec. 16

Open positions:*

EUR/USD: Hold LONG from 1.2370, Take Profit 1.2602, Stop Loss 1.2335

AUD/USD: Hold SHORT from 0.8566, Take Profit 0.8083, Stop Loss 0.8309

USD/CAD: Hold LONG from 1.1435, Take Profit 1.1680, Stop Loss 1.1530

EUR/GBP: Hold SHORT from 0.7919, Take Profit 0.7767, Stop Loss 0.7989

Trade ideas:

EUR/CHF: SELL at 1.2032, Take Profit 1.1971, Stop Loss 1.2050

EUR/CAD: BUY at 1.4415, Take Profit 1.4735, Stop Loss 1.4350

USD/JPY: Look to SELL

NZD/USD: Look to SELL

GBP/USD: Possibly SELL

EUR/JPY: Look to SELL

GBP/JPY: Possibly SELL

USD/CHF: Look to SELL

____________________________

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

More:
FX BAZOOKA - Danske Bank: trade signals for Dec. 16

 

[riki143]

Forex Analytics

Forex trading plan for Dec. 17



EUR/USD pushed higher on the back of the better-than-expected euro zone’s PMI and ZEW economic activity indices. The pair met resistance at 1.2560 as we speak. Push higher would open the way to 1.2600 and then, potentially, to 1.2900. On Wednesday euro zone is scheduled to release final November CPI (forecast: unchanged at +0.3%). However, the pair will mostly be driven by the Fed’s meeting expectations.

GBP/USD rose as the USD was broadly weaker on Tuesday plus the British banks stress tests results were quite encouraging. Lower-than-expected British consumer prices have tempered the advance: so far the bulls have failed to overcome resistance is in the 1.5800 area. Further resistance is at 1.5830 and 1.5875. Tomorrow the UK is expected to release rather positive labor market data. Also watch the publication of the Bank of England’s meeting minutes (09:30 GMT). Support is at 1.5650 and 1.5600. The Fed’s meeting will be decisive for the pair.

USD/JPY tested levels below 115.60: yen is in demand as a safe haven. The pair’s tested the 2-month support line and is vulnerable for a decline to 113.50 (50% Fibo of the Oct.-Dec. advance; 55-day MA). Resistance is at 117.30 and 117.95.

AUD/USD tested the 0.8200 mark to the downside, but remains resistive for now. There are no releases scheduled in Australia for tomorrow, to the pair will also depend on the Fed. Break below 0.8200 could open the way to new lows of 0.8060. The medium-term picture remains bearish.

More:
FX BAZOOKA - Forex trading plan for Dec. 17

 

[riki143]

MARKET NEWS

Dec. 17: MARKET OVERVIEW

GBP/USD: weakened to 1.5715. Britain will release unemployment claims data and the Bank of England’s meeting minutes at 09:30 GMT.

USD/JPY: rose back to 117.00 after weakening to 115.60 yesterday. US dollar strengthened before the Fed announces the results of its meeting today.

AUD/USD has finally broken below the 0.8200 and reached 0.8150 in the Asian trade. There was no particular news for that, market focus on the negative factors has intensified.

NZD/USD under pressure around 0.7730. RBNZ said the kiwi rate remains “unjustifiable, unsustainable”.

More:
FX BAZOOKA - Dec. 17: MARKET OVERVIEW

 

[riki143]

MARKET NEWS
17 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: 1.2400 (EUR 750m), 1.2500 (EUR 2bln), 1.2575 (EUR 1.1bln), 1.2600 (EUR 1.3bln);

GBP/USD: 1.5630;

USD/JPY: 115.00 (USD 500m), 116.25/30 (USD 440m), 116.50 (USD 1.6bln), 116.75 (USD 410m), 117.00 (USD 603m), 117.20 (USD 560m), 118.25 (USD 1.4bln), 119.50 (USD 4.8bln);

USD/CHF: 0.9390 (USD550m), 0.9500;

USD/CAD: 1.1400 (USD 1bln), 1.1600 (USD 1.5bln);

AUD/USD: 0.8300 (AUD 265m);

EUR/GBP: 0.7800, 0.7975.

More:
FX BAZOOKA - Key option levels

 

[riki143]

Forex Analytics

Danske Bank: trade signals for Dec. 17

Trade ideas:*

EUR/USD: Hold LONG from 1.2370, Take Profit 1.2602, Stop Loss 1.2335

EUR/GBP: Hold SHORT from 0.7919, Take Profit 0.7767, Stop Loss 0.7989

AUD/USD: Hold SHORT from 0.8566, Take Profit 0.8083, Stop Loss 0.8309

USD/CAD: Hold LONG from 1.1435, Take Profit 1.1680, Stop Loss 1.1530

EUR/CHF: Hold SHORT from 1.2032, Take Profit 1.1971, Stop Loss 1.2050

Open positions:

EUR/CAD: BUY at 1.4415, Take Profit 1.4735, Stop Loss 1.4350

USD/JPY: Possibly SELL

GBP/USD: Possibly SELL

USD/CHF: Possibly SELL

NZD/USD: Possibly SELL

GBP/JPY: Possibly SELL

EUR/JPY: Possibly SELL on rallies

__________________________

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

More:
FX BAZOOKA - Danske Bank: trade signals for Dec. 17

 

[Bilal Jafar]

Please provide some news and analysis about the Russian Ruble as well, because in recent days there has been a buzz about the Ruble and traders are actively participating in Buying and selling of the currency, so it would be great to have analysis about Ruble as well, although not a lot of brokers are offering Ruble for trading but it would be there in days to come.

 

[riki143]

MARKET NEWS

Dec. 18: MARKET OVERVIEW

USD: remains on strong positions after yesterday’s advance versus the major currencies. The Fed is expected to raise interest rates next year after removing a pledge to keep them low for a “considerable time.”

EUR/USD: is trading in the 1.2340 area after falling by more than 160 pips on Wednesday. German Ifo Business Climate is due at 09:00 GMT (forecast: 105.6). Today is the first day of the EU economic summit.

GBP/USD: is trading below 1.5600. Britain will release retail sales at 09:30 GMT (forecast: +0.3%).

USD/JPY: recovered to the levels just below 119.00.

AUD/USD: recovered a bit from a 4 1/2-year low just above 0.8100 hit yesterday as a gain in Asian stocks spurred demand for higher-yielding assets.

NZD/USD: managed to return back above 0.7700 as New Zealand’s GDP came out higher than expected (+1.0% vs. forecast of +0.7%).

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FX BAZOOKA - Dec. 18: MARKET OVERVIEW