FBS - Forex Forecasts

FBS
Will EUR/JPY resume the downtrend?

EUR/JPY spent more than a month correcting up after its spike down at the start of January. It seems that the time the downtrend finally resumes is getting nearer...

FBS
How the Fed may affect the USD?

As you may know, the Federal Reserve will announce its official rate and publish its monetary policy statement today at 21:00 MT time. The release...

FBS
Will oil outperform its triumph?

During 2018, the world was waiting for oil at $100. However, the oil market ended the year at lows of 2017. Will 2019 bring the momentum to oil prices...

FBS
Which assets will outperform in 2019?

The market sentiment may be positive or negative. When investors have risk appetite, they choose higher-yielding currencies like the AUD...

FBS
Bulls going to deliver wave 5

There's a possible triangle pattern in wave 4. So, if the price fixates above 6/8 MM Level, bulls are likely going to deliver wave 5. In this case, we should...

FBS
Market going to climb even higher

The last "Flag" pattern has been broken, so the price is rising. The main intraday target is the nearest resistance at 1.3345 - 1.3374. If a pullback...


FBS
Euro area's PMI

The euro area will release manufacturing and services PMI at 10:00 MT time on August 22. PMI or Purchasing Managers Indexes come from surveys of purchasing managers in manufacturing...

FBS
RBA meeting will set the way for AUD

The monetary policy of the Reserve Bank of Australia (RBA) is the key driver of the Australian dollar. The RBA will announce the results of its August meeting...

FBS
German IFO business climate

German Ifo business climate will be out at 11:00 MT time on July 25. Germany is the leading economy in the eurozone, so significant changes...

Morning brief for November 18, 2016

USD/JPY surged above 110.55. The greenback was buoyed after Fed Chair Yellen confirmed that a rate hike could come “relatively” soon. Yesterday the BOJ launched an implementation of its yield curve policy buying JGBs to weaken the yen...

Fed rate policy puts South Korea at risk

The South Korean economy is currently facing downside risks. It’s because the American Federal Reserve is all geared up towards raising interest rates, while Korea is busy with overhauling its shipping as well as shipbuilding industries, as the finance ministry reported on Thursday...

USD/JPY: what's limiting growth?

Among the positive factors for this pair we can mention good data from the US and the difference in the monetary policy of the Federal Reserve and the Bank of Japan. In addition...


A.Weber: what to expect from USD?

DXY holds slightly below its 4-year high on Wednesday, pressured by US airstrikes in Syria and by dovish comments of the NY Fed President Dudley. This week he said a stronger currency could hurt the US economic growth...

Jan. 22: market news

Asian shares swung between gains and losses as the Bank of Japan pledged to maintain economic stimulus and the International Monetary Fund raised its global growth forecast...

Jan. 10: market news

Asian shares were little changed on mixed Chinese trade data...

Dec. 11: market news

The US congress has unexpectedly reached a budget deal that ensures no government shutdown in January and October 2014. The dollar halted its decline versus the major currencies as this news had significantly increased the chances for the QE tapering in December or in early 2014...

Oct. 29: market news

EUR/USD slid to $1.3770, but still remained close to the 2-year high. The Fed begins a 2-day meeting today and economists are predicting that the policy makers will refrain from tapering stimulus...

Oct. 16: US negotiations continue

EUR/USD is trading on the downside around $1.3515. Yesterday euro tested $1.3947, but then bounced due to no resolution to US budget and fiscal issues and managed to close above $1.3500...


Sep 17: all eyes on the Fed

US dollar is trading near a 4-week low on Tuesday as traders wait for the outcome of the Federal Fed's 2-day policy meeting at which it's expected to announce a modest reduction in its bond-buying stimulus. Also pay attention to US CPI data at 12:30 GMT...

Sep 16: a big opening gap

US dollar fell versus its major counterparts as former Treasury Secretary Lawrence Summers quitted the race the race to lead the Federal Reserve damping the expectations for an early halt to expansionary monetary policy...

Sep 13: US halted declines

The greenback halted declines from earlier this week versus most the most of its counterparts on prospects that the Fed will decrease QE. In addition, data due at 12:30 GMT are expected to show US retail sales accelerated...


Sep 12: US dollar has weakened

The greenback remained lower versus most of its major counterparts as traders speculated whether the US economy is strong enough for the Fed to consider a reduction in stimulus when they meet next week...

Sep 10: risk aversion declined

US dollar held a decline from yesterday versus most major counterparts amid prospects a Russian bid to get Syria to surrender its chemical weapons may avert a US military strike, damping demand for haven currencies...

August 6: RBA cut rates

AUD/USD edged higher to $0.8990, extending the recovery from the yesterday's low of $0.8850. As it was widely expected, RBA has cut the overnight cash rate by 0.25 points to 2.5%. EUR/USD is trading at $1.3160/50...


July 22: after Japanese elections

US dollar has weakened versus the most of its counterparts. EUR/USD rose from $1.3135 today, but was capped by the $1.3170 area. GBP/USD edged up almost reaching $1.5200. There are no releases scheduled in the euro area and Britain on Monday...

June 20: Asian session

The greenback strengthened versus its counterparts as the Fed’s Chairman Ben Bernanke said the central bank could reduce its bond buying this year and end it in 2014 if the economy achieves sustainable growth. US housing and manufacturing data due today may add to the case for reduced monetary stimulus...

June 8: Asian forex session

EUR/USD is trading around $1.3250 after it peaked at $1.3305 yesterday and closed at $1.3243 (highest daily close since late February) adding about 150 pips. Euro soared as the ECB President Mario Draghi didn’t hint at any further easing...


March 20: Asian session

EUR/USD sits at $1.2870 following the Tuesday's 100-pips drop. Yesterday the Cypriot parliament rejected the tax-deposit plan. Calming announcements of the EU leaders about the uniqueness of the Cypriot case don't help to reduce uncertainty...

USD longs at 8-month high

Large speculators increased the value of USD net long position from $23.57 billion to $25.46 billion, the highest level in 8 months. The players added to bearish bets against GBP, JPY, CHF and CAD, while longs increased in AUD...

EUR/USD stuck below $1.3400

EUR/USD has been quite volatile yesterday: the pair was trading in the $1.3265/3370 range. Euro has twice tested the levels below $1.3300, but returned back. Today the pair is trading on a downside and once again testing $1.3300...


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