Market Analysis

03/09/2015 - 14:03
Kira Iukhtenko, FBS analyst Canada’s export-oriented economy suffered from the sharp fall in crude oil prices seen in 2014. Annualized Q4 economic growth was above the forecast (+2.4% versus 2% expected), but we have strong doubts that growth will remain so strong in Q1: the effect from lower oil prices hasn’t filtered through the economy yet. GDP growth was driven mostly by inventories. It means that production goes on, but demand for the goods is down. The country posted its largest trade...
03/09/2015 - 08:15
Open positions:* USD/JPY: Hold LONG at 118.90, TAKE PROFIT 122.44, STOP LOSS 119.55 (revised) USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 1.0000, STOP LOSS 0.9645 (revised) AUD/USD: Hold SHORT at 0.7828, TAKE PROFIT 0.7627, STOP LOSS 0.7805 (revised) EUR/JPY: Hold SHORT at 134.18, TAKE PROFIT 130.16, STOP LOSS 132.05 (revised) EUR/GBP: Hold SHORT at 0.7272, TAKE PROFIT 0.7114, STOP LOSS 0.7290 (revised) EUR/CHF: Hold LONG at 1.0685, TAKE PROFIT 1.0900, STOP LOSS 1.0605 Trade ideas: EUR/USD:...
03/06/2015 - 10:17
Open positions:* EUR/USD: Hold SHORT from 1.1320, TAKE PROFIT 1.0829, STOP LOSS 1.1247 (revised) USD/JPY: Hold LONG from 118.90, TAKE PROFIT 121.86, STOP LOSS 119.33 (revised) USD/CHF: Hold LONG from 0.8755, TAKE PROFIT 1.0000, STOP LOSS 0.9625 (revised) AUD/USD: Hold SHORT from 0.7828, TAKE PROFIT 0.7698, STOP LOSS 0.7880 USD/CAD: Hold LONG from 1.2495, TAKE PROFIT 1.2800, STOP LOSS 1.2380 EUR/JPY: Hold SHORT from 134.18, TAKE PROFIT 131.17, STOP LOSS 133.81 (revised) EUR/GBP: Hold SHORT...
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...

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