Market Analysis

04/16/2014 - 06:40
More Forex news & analytics at FX BAZOOKA USD/JPY recovered to 102.26. Yen fell as Japanese stocks rose the most in almost two months. The Bank of Japan’s Governor Haruhiko Kuroda told parliament today the central bank will make the utmost effort to achieve 2 percent inflation. Japan’s Topix stock index rose by 2.3%, the most since Feb. 21. AUD/USD rose to $0.9375 after dipping to $0.9336. Aussie erased an earlier loss after a report showed growth was stronger than forecast in China (7.4%...
04/15/2014 - 10:22
Find more news and analytics on FX BAZOOKA Authored by Kira Iukhtenko Despite all the near-term bullish forecasts, the Aussie dollar keeps on consolidating below the psychological $0.9500 mark. AUD/USD trades in a sideways $0.9360/0.9430 range after having peaked at $0.9460 last week. The short-term prospects of the pair are clearly bearish. As can be seen from the weekly chart, AUD slowed the upside after meeting resistance at the bottom of the weekly bearish Ichimoku cloud ($0.9450). Daily...
04/14/2014 - 05:17
More Forex news & analytics at FX BAZOOKA Asian shares swung between gains and losses gave on Monday after a dismal week on Wall Street and tensions in Ukraine sapped investors' appetite for risk, which helped underpin the safe-haven yen. Indicators suggesting China’s economy expanded in the first quarter at the slowest pace since 2009 have spurred speculation the People’s Bank of China will cut banks’ reserve requirements for the first time in almost 2 years. PBOC Governor Zhou Xiaochuan...
04/11/2014 - 05:56
More Forex news & analytics at FX BAZOOKA Asian shares fell from an almost 3-month high amid as an escalating selloff on Wall Street spread to Asia and stronger yen dragged Japanese equities toward their worst week since June. The MSCI Asia Pacific Index declined 1%. Nikkei is down by more than 2%. USD/JPY is trading in the 101.60 area after it hit 101.32 yesterday. Commodity currencies gave up some ground on the back of the increased risk aversion. AUD/USD is trading under bearish pressure...
04/10/2014 - 08:28
The US dollar fell against most major currencies on Wednesday after the FOMC minutes from the March 19 meeting showed no signs of higher interest rates ahead. As a result, the USD index weakened to the pre-meeting levels. After the meeting last month, Fed Chairwoman Janet Yellen said the central bank would consider raising interest rates 6-month after the end of QE. However, not all the Fed’s members share her optimistic views. Minutes showed Committee members discussed keeping interest rates...
04/10/2014 - 06:37
More Forex news & analytics at FX BAZOOKA US dollar hit a 5-month low versus a basket of currencies after the Fed’s last meeting minutes undercut prospects for an increase in interest rates. EUR/USD slid to $1.3845 after reaching $1.3870 earlier today. GBP/USD returned to the opening level at $1.3890 after reaching $1.6820 earlier today. USD/JPY is consolidating in the 102.15/101.60 area. Today the greenback fell versus yen. Demand for yen as a safe haven increased after China reported an...
04/08/2014 - 10:36
More news and analytics on FX BAZOOKA Asian markets were trading mixed with MSCI Asia Pacific losing 0.4%. China stock indices gained some ground. Japan’s Nikkei 225 lost another 1% in the session. As expected, the Bank of Japan kept monetary policy steady, pledging to increase monetary base at annual pace of 60-70 trln yen. The regulator confirms that Japan’s economic recovery continues. Watch the BoJ press conference at 6:30 GMT. USD/JPY dipped below the 103.00 mark, but found support at 102....
04/07/2014 - 14:07
More news and analytics on FX BAZOOKA Kira Iukhtenko, analyst Euro managed to recover back above the $1.3700 handle on Monday, pushing to $1.3720. Strong German industrial production data gave some support to the single currency. Seasonally-adjusted production gained 0.4% month-on-month, with January’s production revised up to 0.7%. The numbers beat consensus expectations of 0.3% and continue a strong run of German industrial data. Late last week euro dipped to $1.3670, pressured by the...

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