Market Analysis

03/31/2015 - 07:48
The US dollar is gaining ground at the beginning of the week, inspired by Yellen’s speech on Friday. The major event of the week – NFP – comes on Friday. In the coming days we’ll see a bunch of other important figures: Chicago PMI and consumer confidence data on Tuesday and manufacturing PMI and ADP NFP on Wednesday. All the forecasts are upbeat. EUR/USD dipped below 1.0900 despite upbeat euro zone’s figures. Markets await news from Greece to come this week – the country is running out of cash...
03/30/2015 - 10:59
EUR/USD Morgan Stanley holds SHORT from 1.0920, TAKE PROFIT 1.0500, STOP LOSS 1.1060 (entered on March 27) Danske Bank holds SHORT from 1.0934, TAKE PROFIT 1.0613, STOP LOSS 1.0951 (entered on March 27) BNP Paribas holds SHORT from 1.0990, TAKE PROFIT 1.0400, STOP LOSS 1.1165 (entered on March 25) Credit Suisse holds a SELL LIMIT order from 1.1098, TAKE PROFIT 1.1050, STOP LOSS 1.1255 (entered on March 24) EUR/GBP Credit Suisse holds SHORT from 0.7350, TAKE PROFIT 0.7015, STOP LOSS 0.7440 (...
03/26/2015 - 07:39
US Dollar index remains under pressure in the middle of the week, but holds above the Tuesday’s low. Watch the Fed’s member Dennis Lockhart speech on Thursday. In early March he made some hawkish comments. Also watch US unemployment claims on Thursday. Markets await the Friday’s final Q4 GDP – figures are expected to be revised up. That could revive USD demand on the market. Meanwhile, EUR/USD is flirting with the 1.1000 hurdle, trying to fix above the 4-month trend resistance. Market sentiment...
03/24/2015 - 14:40
The strength of the US dollar has diminished after the Fed’s meeting last week and comments of the Deputy Governor Fisher. Yet, American inflation figures weren’t as bad as some feared. Core CPI, though low, was a bit above forecasts. On Wednesday the market’s attention will be focused on the durable goods orders release at 12:30 GMT. EUR/USD has approached last week’s high in the 1.1045 area which coincides with the top Bollinger band on H4. The next resistance is at 1.1100. Data from the euro...
03/24/2015 - 08:12
Open positions:* USD/JPY: Hold LONG at 119.71, TAKE PROFIT 121.41, STOP LOSS 119.08 USD/CHF: Hold LONG at 0.9708, TAKE PROFIT 0.9984, STOP LOSS 0.9625 GBP/JPY: Hold SHORT at 179.00, TAKE PROFIT 175.50, STOP LOSS 180.20 Trade signals: EUR/USD: SELL at 1.0979, TAKE PROFIT 1.0696, STOP LOSS 1.1063 GBP/USD: BUY at 1.4820, TAKE PROFIT 1.5203, STOP LOSS 1.4715 (revised) AUD/USD: BUY at 0.7810, TAKE PROFIT 0.8033, STOP LOSS 0.7745 EUR/JPY: SELL at 131.50, TAKE PROFIT 128.37, STOP LOSS 132.15 EUR/...
03/24/2015 - 07:36
US dollar opened the week under moderate bearish pressure following the last week's sharp selloff. On the past week USD index formed a strong bearish candle, but failed to form a "bearish engulfing". It confirms that the current USD decline is temporary. This week the market attention will be focused on the  US inflation data on Tuesday (12:30 GMT). CPI is expected to come at 0.1% in February - better than in January, but not enough to inspire a fresh USD rally. EUR/USD recovered above 1.0900...
03/23/2015 - 07:14
Open positions: USD/CAD: Hold LONG at 1.2640, TAKE PROFIT 1.2900, STOP LOSS 1.2505 EUR/JPY: Hold SHORT at 129.90, TAKE PROFIT 126.57, STOP LOSS 130.85 Trade signals:* EUR/USD: SELL at 1.0939, TAKE PROFIT 1.0613, STOP LOSS 1.1040 USD/JPY: BUY at 119.71, TAKE PROFIT 121.41, STOP LOSS 119.08 GBP/USD: BUY at 1.4785, TAKE PROFIT 1.5203, STOP LOSS 1.4685 USD/CHF: BUY at 0.9708, TAKE PROFIT 0.9984, STOP LOSS 0.9625 AUD/USD: BUY at 0.7710, TAKE PROFIT 0.7914, STOP LOSS 0.7640 EUR/GBP: SELL at 0....
03/19/2015 - 14:55
EUR/USD spiked to the downtrend resistance line connecting December highs and levels at the end of February in the area of 1.1045, but failed to sustain the advance. Retest of 1.0500 now looks quite likely. The market’s still bearish on the euro, but in the coming sessions volatility is going to be high, and we may see some attempts to bring the single currency higher, at better levels for selling. Traders are still digesting the results of the Federal Reserve’s meeting and may remain...

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