Market Analysis

01/31/2014 - 11:14
More Forex news & analytics at FX BAZOOKA Daily. British pound is still trading close to the highs, but during the past week it failed to consolidate above $1.6500. Rebound, which was earlier in the week, didn’t let the buyers to return to the market. After testing $1.6600 the prices returned to the Tenkan and Kijun lines and at the end of the week started punching down support. Note that the lines themselves quitted the equilibrium state and formed a Golden Cross (C). If GBP/USD closes the...
01/31/2014 - 11:05
More Forex news & analytics at FX BAZOOKA Daily. The pair failed to break the resistance of the horizontal line Kijun-sen (KS) at $1.3700. Therefore bulls were forced to capitulate and the bears once again joined the game. During the week the market was sliding to the lower border of the Ichimoku Cloud. Senkou Span B can’t stop the bears’ attack. The pair’s already trading in the negative zone. All lines of the Indicator are directed sideways which points at longer term flat. Moreover, the...
01/31/2014 - 06:20
New wave of risk aversion Lower expectations of BOJ easing Lunar New Year holiday is coming Asian stocks slipped as fears about the impact of the Fed’s stimulus withdrawal on emerging markets offset the reassurance of upbeat US growth data. MSCI index of Asia-Pacific shares outside Japan fell by 0.1% after earlier wavering between positive and negative territory. Japanese Nikkei reversed sharply losing 0.9%. With several countries, including Hong Kong and Singapore, observing the...
01/30/2014 - 06:23
More Forex news & analytics at FX BAZOOKA Asian stocks fell as demand for safe havens increased on the decision of the Federal Reserve to cut monetary stimulus. In addition, final Chinese HSBC manufacturing PMI for January slipped to a 6-month low. Japanese Nikkei fell by 2.7% to the lowest levels since mid-November. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.6%. USD/JPY is trading in the 102.40 area after it was rejected at 103.44 yesterday. New Zealand dollar was a...
01/29/2014 - 06:12
More Forex news & analytics at FX BAZOOKA Asian markets rallied on Wednesday after Turkey raised the benchmark interest rate from 7.75% to 12%, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally. MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 1.2% after three sessions of falls. Nikkei rose by 2.2%. USD/JPY recovered to 103.44. Commodity currencies strengthened on the Turkish rate hike....
01/28/2014 - 09:59
More Forex news & analytics at FX BAZOOKA Asian shares weakened to nearly 5-month lows on Tuesday on concerns about the emerging markets, but then managed to recover on some encouraging news from Turkey and China. Turkey’s central bank may raise interest rates at an extraordinary meeting today, while China’s largest lender said that investors in a troubled high-yield trust can recoup funds. Nikkei hit 2 1/2-month intraday low before recouping the losses to trade 0.2% above its previous...
01/27/2014 - 11:40
More Forex news & analytics at FX BAZOOKA Weekly. AUS/USD keeps forming the final downward impulse wave V. Chart. Weekly AUD/USDDaily. We are seeing a decline in prices in line with the forecast. The market is moving down in the wave [5]. Chart. Daily AUD/USDH4. The graph shows the detailed layout of the last section. Now we are seeing the final reduction in the descending impulse wave (5). The pair may continue declining approximately to 0.8530. At this point the downward trend may end....
01/27/2014 - 11:31
More Forex news & analytics at FX BAZOOKA Daily. USD/JPY keeps forming ascending impulse wave (V) of [v] of 1. This wave isn’t complete yet, so consider a more detailed layout of the site. Chart. Daily USD/JPYH12. We are seeing the formation of wave IV. It’s very likely that it will continue enfolding this week. Chart. H12 USD/JPYH4. Presumably the wave IV is taking the form of a double Zigzag. Waves [w] and [x] look fully formed. In the near future we may see growth in correctional wave...

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