FBS news and market Analytic

[kaito kid]

FX BAZOOKA: technicals (Mar. 27)
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EUR/USD

Price: $1.3780

Support: $1.3750, $1.3720, $1.3700

Resistance: $1.3800, $1.3840

GBP/USD

Price: $1.6565

Resistance: $1.6600, $1.6625, $1.6666, $1.6740

Support: $1.6555, $1.6520, $1.6500, $1.6470

USD/JPY

Price: 102.15

Resistance: 102.50, 103.10, 103.50, 103.80

Support: 101.70, 101.20, 100.75, 100.50

USD/CHF

Price: 0.8860

Resistance: 0.8865/80, 0.8900

Support: 0.8830, 0.800, 0.8735

AUD/USD

Price: $0.9230

Resistance: $0.9275, $0.9300, $0.9335

Support: $0.9200, $0.9135, $0.9100

USD/CAD

Price: 1.1087

Resistance: 1.1120, 1.1150, 1.1170, 1.1200

Support: 1.1067, 1.1030/25, 1.0980, 1.0950

 

[kaito kid]

GBP/USD: Ichimoku analysis (Mar. 28)

Tatiana Norkina, FBS

Daily. The pair held above the Ichimoku Cloud. Senkou Span A and B acted as support. From here the market rebounded to Tenkan and Kijun lines. However, the bearish correction is evidently not over: the "dead cross" remains active.

Chart. Daily GBP/USD

H4. The pair recovered right to the upper boarder of the Cloud and faced resistance there (1.6630). Market remains overbought. Prices stay in the Cloud. Next week we expect a consolidation and a decline to Tenkan and Kijun-sen.

Chart. H4 GBP/USD

 

[kaito kid]

EUR/USD: Ichimoku analysis (Mar. 28)

Tatiana Norkina, FBS

Daily. The pair spent the week under bearish pressure. The market remains overbought. That's why the pair extended the corrective downside and slipped below the Kijun-sen line. However, Ichimoku gives some more chances for the buyers - golden cross (C) is in power and the Cloud itself still remains bearish.

Chart. Daily EUR/USD

H4. The picture turned bearish. Euro returned below the Cloud, extending the downside. As a relult, we've got the new "dead cross". Major support lies at 1.3730 and 1.3710.

Chart. H4 EUR/USD

 

[kaito kid]

April 2: Asian session

Asian stocks rose after an increase in US manufacturing boosted optimism about growth in the world’s biggest economy. MSCI Asia Pacific Index gained 0.5%. Japanese Nikkei 225 rose by 1.3%.

USD/JPY tested 103.93 before returning a bit lower, to 103.75. Commodity currencies are trading under a slight bearish pressure. AUD/USD extends the downside, weakening from $0.9250 to the $0.9220 support. Weaker-than-expected building approvals pulled the Aussie to the session lows. The $0.9300 mark still remains a strong resistance for the pair. NZD/USD fell by 50 pips to $0.8585 after peaking at $0.8700 on Tuesday. Lower prices in milk powder auctions were cited as a potential selling driver. Gold price has slightly recovered from the yesterday’s low of $1277.

EUR/USD is rising and approaching yesterday’s high at $1.3815. GBP/USD edged up to $1.6635.

 

[kaito kid]

Key option levels (Apr. 2)

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

Here are the key options expiring today:

EUR/USD: $1.3700, $1.3725, $1.3750, $1.4800;

USD/JPY: 102.50 (large), 102.60 (large), 102.80 103.00 (large) 103.75/80 (large);

USD/CAD: 1.1055, 1.1100, 1.1120 (large), 1.1140 (large), 1.1150, 1.1200;

EUR/GBP: 0.8300;

EUR/JPY: 141.00.

 

[kaito kid]

Trade signals from Danske Bank (Apr. 2)

EUR/USD: Buy at $1.3786 with a target of $1.3848 and a stop at $1.3742

USD/JPY: Long at 102.12 with a target of 104.63 and a stop at 103.22

GBP/USD: Long at $1.6645 with a target of $1.6745 and a stop at $1.6595

USD/CHF: Sell at 0.8847 with a target of 0.8764 and a stop at 0.8891

AUD/USD: Buy at 0.9200 with a target of 0.9408 and a stop at 0.9100

USD/CAD: Long at 1.1025 with a target of 1.1170 and a stop at 1.0995

 

[kaito kid]

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[kaito kid]

April 7: Asian session

The expectations for the new week determined currency dynamics during the Asian session. US dollar remained stronger against the euro following a 3-week rally before the US central bank releases minutes this week of the Federal Open Market Committee’s March meeting. Federal Reserve Bank of St. Louis President James Bullard is due to speak today. EUR/USD is trading at $1.3700 after dipping to $1.3672 on Friday. GBP/USD opened with a small gap down and is capped by resistance in the $1.6580 area.

USD/JPY slid to 103.00. Yen gained on demand for haven assets and as stocks declined. MSCI Asia Pacific Index lost 0.5%. Japanese Nikkei slid by 1.9%. AUD/USD met resistance at $0.9300 and edged down to $0.9275. Australia’s dollar fell with a report predicted to show on April 10 that Australian jobless rate rose. NZD/USD is trading on the upside in the $0.8600 area.

 

[kaito kid]

Key option levels (Apr. 7)

Market prices tend to move towards the strike price at the time large vanilla options (ordinary put and call options) expire. It happens (all things equal) as each side of the deal seeks to hedge its risk exposure. This action is most noticeable ahead of 10 a.m. New York time when the majority of options expire (14:00 GMT).

Here are the key options expiring today:

EUR/USD: $1.3650 (large), $1.3700 (large), $1.38650, $1.3765, $1.3775, $1.3790, $1.3795, $1.3800 (large);

GBP/USD: 1.6440, 1.6540;

USD/JPY: 103.00/10 (large), 103.50/60 (large), 103.75, 104.25, 104.30 (large);

USD/CHF: 0.8900, 0.9000, 0.9045 (large);

AUD/USD: 0.9175, 0.9230, 0.9300;

USD/CAD: 1.0850 (large), 1.1040 (large), 1.1100 (large);

EUR/JPY: 142.15, 142.65;

AUD/JPY: 0.9400 (large), 0.9700 (large);

EUR/GBP: 0.8150.

 

[kaito kid]

Trade signals from Danske Bank (Apr.7)

EUR/USD: Buy at $1.3666 with a target of $1.3773 and a stop at $1.3639

USD/JPY: Buy at 102.94 with a target of 104.13 and a stop at 102.67

GBP/USD: Buy at $1.6538 with a target of $1.6684 and a stop at $1.6473

USD/CHF: Sell at 0.8925 with a target of 0.8844 and a stop at 0.8955

AUD/USD: Long at 0.9219 with a target of 0.9408 and a stop at 0.9219

USD/CAD: Short at 1.0995 with a target of 1.0875 and a stop at 1.1055