Market Analysis

07/29/2014 - 20:39
By FX BAZOOKA analytical team Main events to watch on July 30 (Wednesday): EUR: German Preliminary CPI (all day), Spanish Flash CPI & GDP (07:00 GMT) USD: ADP Non-Farm Employment Change (12:15 GMT), Advance GDP (12:30 GMT) and FOMC Statement (18:00 GMT) Trade ideas Tomorrow will be a big day as there will be important data coming from the US. The speculation of when the Fed will start raising rates is certainly the main theme of this summer. As American labor market data have been...
07/24/2014 - 14:27
By Elizaveta Belugina and Kira Iukhtenko Main events to watch on July 25 (Friday): NZD: ANZ Business Confidence (01:00 GMT)EUR: GfK German Consumer Climate (06:00 GMT), German Ifo Business Climate and M3 Money Supply (08:00 GMT)GBP: Prelim GDP (08:30 GMT)USD: Core Durable Goods Orders (12:30 GMT) Trade ideas EUR/USD initially got a bit lower today pulling this year’s minimum down to $1.3437 before getting a bit higher on mostly positive euro zone’s PMIs with good surprise from Germany and...
07/23/2014 - 20:26
Main events to watch on July 24 (Thursday): AUD: China’s HSBC Flash Manufacturing PMI EUR: French, German and the euro area’s PMIs (07:00, 07:30 and 08:00 GMT). GBP: Retail Sales (08:30 GMT) USD: Unemployment Claims (12:30 GMT), New Home Sales (14:00 GMT).   Trade ideas EUR/USD is in control of the bears as it remained close to the 8-month minimum at $1.3454. Euro has been consolidating today after Tuesday’s sell-off which made it finish the day at the lowest level since the end of January...
07/22/2014 - 15:03
By FX BAZOOKA analytical team Main events to watch on July 23 (Wednesday): AUD: CPI (01:30 GMT)GBP: Bank of England’s meeting minutes (08:30 GMT), BOE Gov Carney Speaks (11:45 GMT)CAD: Core Retail Sales (12:30 GMT)NZD: RBNZ meeting (21:00 GMT), Trade Balance (22:45 GMT) Trade ideas EUR/USD fell below $1.3500 and renewed this year’s minimum below $1.3460. Euro buyers were clearly in the minority as traders await EU decision on the sanctions against Russia. The single currency is now...
07/18/2014 - 14:25
By Elizaveta Belugina EUR/USD slid below last week’s low at $1.3575 and declined to the levels just above $1. 3500 where one can find support line of 2012-2013. Negative background for the single currency was created by concerns about Portugal, decline in the euro zone’s industrial production and lower-than-expected ZEW economic sentiment indices for Germany and the euro area. In America economic data were also far from very encouraging, but there were no painful contractions, only some...
07/18/2014 - 14:20
Kira Iukhtenko, FBS USD/JPY spent the week in the 101.80/101.00 narrow range. As we see from the weekly chart, the pair found support at the 55-week MA. Note that the weekly bullish Ichimoku is not acting as a support anymore – the price spent the week in a “cloudy” area. Daily Ichimoku indicator is also giving out bearish signals. 10-year US Treasury yields hit a 1.5 month low this week, increasing bearish pressure on USD/JPY. Japanese yen remains supported by the increased risk aversion as...
07/18/2014 - 14:15
Kira Iukhtenko, FBS GBP/USD spent the week in a sideways $1.7190/7060 range, forming a long-legged bearish candle on the weekly chart. Cable rushed to $1.7190, supported by strong UK inflation data. June CPI came at 1.9%, approaching the BOE 2% target and increasing the expectations of a sooner rate hike. However, buying interest was cooled down by Marc Carney and by the mixed bag of UK employment data. Unemployment declined to 6.5%, claimant count fell, but the average wage growth remains...
07/18/2014 - 14:04
By Elizaveta Belugina AUD/USD had an intense week swinging up and down between $0.9400 and $0.9330. On the one hand, risk sentiment has deteriorated by the end of the week due to various global political tensions. On the other hand, economic data from China and Australia were rather good and Australian dollar has done better during the past week versus the greenback than other major currencies. Levels in the $0.9330/20 area provide good support for Aussie. Australian dollar has the advantage of...

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