Market Analysis

03/05/2015 - 14:54
On Friday the main event of the day will surely be the release of the US labor market data at 13:30 GMT. According to the consensus forecast, US Non-Farm Payrolls have increased in Feb. by 240K after gaining 257K in Jan. American unemployment rate is seen declining from 5.7% to 5.6%. The average hourly earnings’ growth is expected to slow down. NFP above 200K will confirm expectations of the Fed’s hike this summer and will be positive for USD. EUR/USD remains to be sold. The bearish trend...
03/05/2015 - 10:32
Elizaveta Belugina, FBS analyst After the euro area finance ministers have decided to extend Greek bailout program by 4 months, the nation has briefly left the spotlight and the market’s attention switched to other problems. However, traders may hear from Greece sooner than they expect to and it looks like the news won’t be good. The problem is that in the coming weeks Greece has to repay some of its debt, but it actually lacks cash to do that. According to Bloomberg, Greek government has to...
03/05/2015 - 09:20
Open positions: * EUR/USD: Hold SHORT at 1.1320, TAKE PROFIT 1.1000, STOP LOSS 1.1247 USD/JPY:  Hold LONG AT 118.90, TAKE PROFIT 120.82, STOP LOSS 119.05 EUR/JPY:  Hold SHORT AT 134.18, TAKE PROFIT 131.70, STOP LOSS 133.81 EUR/GBP:  Hold SHORT at 0.7272, TAKE PROFIT 0.7114, STOP LOSS 0.7305 NZD/USD:  Hold LONG at 0.7520, TAKE PROFIT 0.7619, STOP LOSS 0.7490 USD/CHF:  Hold LONG at 0.8755, TAKE PROFIT 0.9765, STOP LOSS 0.9534 AUD/USD:  Hold SHORT at 0.7828, TAKE PROFIT 0.7698, STOP LOSS 0.7880...
03/05/2015 - 07:18
Credit Suisse holds SHORT from 1.1088, TAKE PROFIT 1.0836 (entered on March 4) BofA Merrill holds SHORT from 1.1290, TAKE PROFIT 1.0765, STOP LOSS 1.1340 (entered on Feb. 24) Danske Bank holds SHORT from 1.1320, TAKE PROFIT 1.1000, STOP LOSS 1.1247 (entered on Feb. 24) Morgan Stanley holds SHORT from 1.1370, TAKE PROFIT 1.0700, STOP LOSS 1.1250 (entered on Feb. 12) Citi holds SHORT from 1.1368, TAKE PROFIT 1.0000, STOP LOSS 1.1690 (entered on Feb. 6) Citi holds SHORT from 1.1430, TAKE PROFIT 1....
03/04/2015 - 14:58
EUR/USD has weakened to the levels just above 1.1100. The euro is feeling pressure ahead of the meeting of the European Central Bank on Thursday. Resistance is at 1.1215, 1.1270 and 1.1320. Further support is at 1.1050 and 1.1000. GBP/USD has retraced 38.2% of the advance from January low to February high. The pair was rejected at the top of the daily Ichimoku Cloud and may fall to its bottom in the 1.5200 zone. Support is in the 1.5310 area (55-day MA). The Bank of England is expected to leave...
03/04/2015 - 11:50
Elizaveta Belugina, FBS analyst Last week EUR/USD closed below 1.1210 (61.8% Fibo of the 2000-2008 move). This week this area acts as resistance. As the European Central Bank has announced 1.1 trillion euro ($1.23 trillion) bond-buying quantitative easing program (QE) in January and pledged to conduct in until Sept. 2016, its policy direction is in general clear to the market. As a result, the impact on the meeting on the euro probably won’t be very strong. Still, the market players want more...
03/03/2015 - 15:12
EUR/USD did it best to hold above the 1.1200 figure, but failed. The pair is gradually approaching the January low of 1.1097 – break lower would open a direct way to parity. Euro zone released relatively upbeat data at the beginning of the week, but the general picture remains bearish. Watch the Services PMI indices on Wednesday. On Thursday the market will focus on the ECB policy meeting that will be followed by the Draghi’s press conference. Traders await the details of the 1-trillion-euro...
02/26/2015 - 18:34
US dollar rose as core inflation gained 0.2% (vs. +0.1% expected), while durable goods orders rose by 2.8% after falling by 3.3% in the previous period. Despite the negative headline inflation (-0.7%), the expectations of the Fed’s June rate hike are back. On Friday the US will release the second estimate of Q4 GDP (a revision down from 2.6% to 2.1% is expected). EUR/USD is below 1.1260. Next levels to watch are 1.1210 and 1.1100. Resistance has switched to 1.1280 and 1.1350. GBP/USD has tested...

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