Error message

Warning: ini_set(): A session is active. You cannot change the session module's ini settings at this time in drupal_environment_initialize() (line 680 of /home/sites/fbs.cn/main/htdocs/includes/bootstrap.inc).


Market Analysis

10/28/2014 - 15:20
EUR/USD spiked to $1.2760 as German import prices picked up, while US durable goods orders declined. However, then euro returned lower as US consumer confidence jumped to the highest levels since late 2007. Support is at $1.2720 (200-hour MA) and $1.2700. On Wednesday the pair will be more consolidative ahead of the Fed’s meeting results at 18:00 GMT. Further dynamics will depend on the Fed. Below $1.2700 at least euro will fall to $1.2630. Still, if the Fed doesn’t change its forward guidance...
10/28/2014 - 08:08
Analysts at major US bank remain bearish on the New Zealand dollar for the following reasons: Price and import demand in whole milk powder will fall further Fonterra is expected to further reduce its payout forecast for 2014/15 China will reduce demand for imports in the near term given excess inventories “We expect the recent peak in dairy prices, the lift of EU dairy quota and lower feed costs to increase global milk production. In particular, global dairy export volume is...
10/27/2014 - 14:20
EUR/USD is trying to overcome $1.2700. The results of the European banks stress tests were a bit better than expected, but data from both the euro area and the US on Monday came lower and outbalanced each other. Tomorrow market players will watch whether the US durable good orders and consumer confidence pick up. We see a kind of a short-term rising channel on the chart since Oct. 23. Resistance is at $1.2740, $1.2770, $1.2790 and $1.2850. Support is at $1.2675 and $1.2625. Improved risk...
10/24/2014 - 13:43
By Kira Iukhtenko, FBS The US dollar regained ground versus the yen, going into the October 30 FOMC meeting. USD/JPY touched the levels above 108 yen, pulling the majority of sellers out of the market. Weekly close above the 108 figure will completely switch the market into a bullish mode, opening the way for another retest of the 110 figure. Support lies at 107.50/30 and 106.40. The next week promises to be volatile for the pair. Dollar is expected to remain strong at least ahead of the FOMC...
10/24/2014 - 13:41
By Kira Iukhtenko, FBS The current fundamental setup paves the ground for further depreciation of the cable. UK GDP growth slowed down from 0.9% to 0.7% in the III quarter. British public dept increased, while retail sales contracted more than expected. October BOE minutes showed no changes in MPC with 7 out of 9 members voting to leave rates unchanged. The data adds to expectations that the Bank of England will wait at least until after the May general election to start raising interest rates...
10/24/2014 - 13:40
Elizaveta Belugina, FBS EUR/USD has breached the short-term corrective uptrend channel to the downside, and the broad downtrend is now to resume. The levels in the $1.2500 area have once again come in focus. Resistance is at $1.2740 and $1.2850. The euro area released some better-than-expected data during the past week. German PMIs improved, so September decline may be explained by the spike in geopolitical risks. In addition, German 10-year yields are slightly above the US ones, and this is...
10/24/2014 - 13:39
Elizaveta Belugina, FBS It was a rather calm week for the US dollar with no big events to shake the currency. The market’s risk sentiment has improved a bit on the back of slightly more positive figures from China and the euro area. As long as the risk aversion doesn’t spike again, American currency will have better chances against lower yielding currencies like JPY and CHF. The most important event of the next week will be the FOMC meeting on Wednesday. We expect the Fed to end QE3 as it has...
10/24/2014 - 12:21
By Kira Iukhtenko, FBS The US dollar regained ground versus the yen, going into the October 30 FOMC meeting. USD/JPY touched the levels above 108 yen, pulling the majority of sellers out of the market. Weekly close above the 108 figure will completely switch the market into a bullish mode, opening the way for another retest of the 110 figure. Support lies at 107.50/30 and 106.40. The next week promises to be volatile for the pair. Dollar is expected to remain strong at least ahead of the FOMC...

Pages

 
Notice: Undefined offset: 0 in /home/sites/fbs.cn/main/htdocs/includes/errors.inc on line 271 Notice: Undefined index: file in /home/sites/fbs.cn/main/htdocs/includes/errors.inc on line 72 Notice: Undefined index: line in /home/sites/fbs.cn/main/htdocs/includes/errors.inc on line 73 Warning: spl_autoload(): open_basedir restriction in effect. File(database.inc) is not within the allowed path(s): (/var/www/sites/fbs.cn:/usr/share/phpmyadmin:/usr/share/postfixadmin:/etc/postfixadmin:/etc/phpmyadmin:/var/lib/phpmyadmin:/var/www/sites/php_errors:/tmp) in /home/sites/fbs.cn/main/htdocs/modules/dblog/dblog.module on line 141 Warning: spl_autoload(): open_basedir restriction in effect. File(database.php) is not within the allowed path(s): (/var/www/sites/fbs.cn:/usr/share/phpmyadmin:/usr/share/postfixadmin:/etc/postfixadmin:/etc/phpmyadmin:/var/lib/phpmyadmin:/var/www/sites/php_errors:/tmp) in /home/sites/fbs.cn/main/htdocs/modules/dblog/dblog.module on line 141 Fatal error: Class 'Database' not found in /home/sites/fbs.cn/main/htdocs/modules/dblog/dblog.module on line 141