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Forex Analytics

Forex trading plan for Jan. 30

We are getting ready to sell EUR/USD targeting firstly 1.1225 and then 1.1100. On Friday there will be many data releases in the euro area, but one should certainly focus on inflation figures due at 10:00 GMT.

AUD/USD reached the 200-month MA at 0.7780. The outlook for Aussie is bearish as traders are speculating about the possibility of the Reserve Bank of Australia cutting rates next Tuesday. The next support is at 0.7650. Resistance is at 0.7950. On Friday watch Australian producer price data (00:30 GMT). NZD/USD shorts targeting 0.7150 seem like a good trade idea.

USD/CAD has surged to 1.2550. The pair is certainly very overbought and required correction at least to 1.2400. On the upside targets lie at 1.2630, 1.2680 and 1.2700. The US and Canada will release GDP data at 13:30 GMT.

GBP/USD and USD/JPY keep consolidating and the levels to watch for them remain pretty much the same. USD/JPY faces resistance at 118.80 and 119.30 and has support at 117.25/15, 116.50 and 115.85. GBP/USD has resistance at 1.5155, 1.5200, 1.5267 and support at 1.5100, 1.5050 and 1.5000. The US GDP release should bring more volatility in these pairs.

https://www.youtube.com/watch?v=i-PCc3srYDc

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MARKET NEWS
Jan. 30: MARKET OVERVIEW

EUR/USD is trading in the 1.1325 area. The euro area will release inflation data at 10:00 GMT. The data could come low as German consumer prices fell in January for the first time since 2009. The next key data for USD is an advance reading on US Q4 GDP at 13:30 GMT, which economists think will show a solid growth of 3.0%.

USD/JPY is below 118.00, almost in the middle of the recent sideways range. Japan released mixed economic data. Industrial production increased more than expected in December, but inflation slowed slightly more than expected: without the impact of the sales tax hike the price growth is the lowest since June 2013.

Commodity currencies – AUD, NZD and CAD – tried to correct a bit up after heavy selling in the previous sessions. EUR and JPY are rather stable. CHF paused after falling versus both USD and EUR on Thursday: the market is speculating about the intervention by the Swiss National Bank.

http://fxbazooka.com/upload/tiny/Ana...9/Jan%2030.jpg

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Forex Analytics

Danske Bank: trade signals for Jan. 30

Open positions:*

EUR/USD: hold LONG at 1.1302; TAKE PROFIT at 1.1460; STOP at 1.1259

USD/JPY: hold LONG at 117.60; TAKE PROFIT at 119.97; revised STOP at 117.16

USD/CHF: hold LONG at 0.8755; TAKE PROFIT revised to 0.9361; revised STOP at 0.9044

AUD/USD: hold SHORT at 0.8130; TAKE PROFIT revised to 0.7683; revised STOP at 0.7917

EUR/CHF: hold LONG at 1.0195; TAKE PROFIT at 1.0650; STOP at 1.0185

GBP/JPY: hold LONG at 177.80; TAKE PROFIT at 180.95; STOP at 177.20

Trade ideas:

USD/CAD: BUY at 1.2550; TAKE PROFIT at 1.2718; STOP at 1.2490

EUR/JPY: BUY at 132.85; TAKE PROFIT at 135.81; STOP at 132.15

EUR/GBP: SELL at 0.7540; TAKE PROFIT at 0.7391; STOP at 0.7600

GBP/USD: SELL at 1.5130; TAKE PROFIT at 1.4886; STOP at 1.5240

NZD/USD: SELL at 0.7340 TAKE PROFIT revised to 0.7120; STOP at 0.7405

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Danske Bank: trade signals for Jan. 30 - FX BAZOOKA

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MARKET NEWS

Key option levels
30 January 2015

FXBAZOOKA.com - 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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1200 (EUR 291m), 1.1300 (EUR 427m), 1.1400 (EUR 565m), 1.1450/60 (EUR 662m)

GBP/USD: 1.5350 (GBP 340m);

USD/JPY: 115.50 (USD 1.17bln), 117.75 (USD680m), 118.00 (USD 698m), 118.50 (USD 513m), 119.00 (USD 1.6bln);

AUD/USD: 0.7750 (AUD 619m), 0.7850 (AUD 527m), 0.7900 (AUD 303m);

USD/CAD: 1.2500 (USD 280m);

NZD/USD: 0.7200 (NZD 634m), 0.7300 (NZF 624m), 0.7400 (NZD 289m);

EUR/JPY: 134.50 (EUR 252m), 138.00 (EUR 460m).

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Key option levels - FX BAZOOKA

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MARKET NEWS
Feb. 2: MARKET OVERVIEW

Chinese official manufacturing PMI unexpectedly shrank for the first time in nearly 2-1/2 years in January. A separate survey, the HSBC/Markit Purchasing Managers’ Index (PMI), showed on Monday that activity in China’s factory sector shrank for a second month in January.

http://fxbazooka.com/upload/tiny/Ana...23/feb%201.jpg

USD/JPY briefly touched a 2-week low below 117.00 on Monday. The Bank of Japan’s Governor Haruhiko Kuroda said he did not think the recent weakening of the yen was severely hurting the country’s economy. Then demand from Japanese importers helped the US dollar to recover to 117.87. Still, the USD bulls are not very confident after data on Friday showed that American economic growth slowed in Q4.

AUD/JPY hit 11-month low at 90.70 before returning up to 91.50. Canadian dollar is trading on the downside. AUD/USD and NZD/USD are a bit on the upside, but still close to the minimums.

The new Greek government has said that it will not cooperate with the ‘Troika’ of international creditors, and does not plan to seek an extension for its aid package which is set to expire at the end of February. However, there’s no fresh sell-off in the euro: some analysts think that much of bad news on Europe may have been already priced in. EUR/USD is trading in the 1.1300 area.

Here are the important events to watch today:

http://fxbazooka.com/upload/tiny/Ana...23/feb%202.jpg

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MARKET NEWS
Key option levels
2 February 2015

2 February 2015, 08:22 Comments: 0
FXBAZOOKA.com - 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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1225 (EUR 225m), 1.1250 (EUR 835m);

USD/JPY: 118.15 119.00;

AUD/USD: 0.7750 (AUD 450m), 0.7800, 0.7840 (AUD 400m,) 0.7900 (AUD 420m);

NZD/USD: 0.7300 (NZD 200m);

EUR/JPY: 133.00 (EUR 330m).

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Key option levels - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 2

Open positions:*

EUR/USD: Hold LONG at 1.1302, TAKE PROFIT 1.1460, STOP LOSS 1.1259

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9044

AUD/USD: Hold SHORT at 0.8130, TAKE PROFIT 0.7683, STOP LOSS 0.7917

EUR/CHF: Hold LONG at 1.0195, TAKE PROFIT 1.0650, STOP LOSS 1.0205

Trade ideas:

USD/JPY: BUY at 117.55, TAKE PROFIT 118.66, STOP LOSS 117.13

GBP/USD: SELL at 1.5130, TAKE PROFIT 1.4886, STOP LOSS 1.5240

USD/CAD: BUY at 1.2590, TAKE PROFIT 1.2957, STOP LOSS 1.2495

EUR/JPY: BUY at 132.80, TAKE PROFIT 135.05, STOP LOSS 131.70

EUR/GBP: SELL at 0.7520, TAKE PROFIT 0.7391, STOP LOSS 0.7585

EUR/CAD: BUY at 1.4225, TAKE PROFIT 1.4645, STOP LOSS 1.4040

GBP/JPY: BUY at 175.85, TAKE PROFIT 180.30, STOP LOSS 175.05

NZD/USD: SELL at 0.7330, TAKE PROFIT 0.7120, STOP LOSS 0.7405

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Danske Bank: trade signals for Feb. 2 - FX BAZOOKA

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Forex Analytics
Forex trading plan for Feb. 3

EUR/USD keeps on consolidating in the $1.1350/1250 range, forming a small horizontal triangle. The medium-term EUR/USD prospects remain gloomy. From the technical viewpoint, euro approached the upper border of the bearish channel ($1.1350) – this is where the first significant resistance lies. Next level to watch - $1.1420 (Jan. 27 high). Selling euro on rallies seems to be the best strategy. On Tuesday euro zone will release Spanish unemployment data. Number of unemployed people is expected to have fallen in January, but less than in December. Pay attention to the news from Greece – these days the new government is trying to soften the credit conditions.

https://www.youtube.com/watch?v=u1yhi4_aBqE

AUD/USD tried to recover above the $0.7800 mark on Monday, but remains in a clear bearish channel. On Tuesday Australia is scheduled to release trade data and building approvals. The Reserve Bank of Australia (RBA) meeting will be in focus – we can’t exclude a new rate cut. In this case the $0.7710 support will likely be broken. Next medium-term bearish target lies at $0.7000. However, note that the pair is oversold and approached the channel support line: in absence of dovish news from RBA the bullish recovery could extend towards $0.7900 and $0.8300.

USD/JPY remains in the triangle, formed in December 2014. On Monday the pair tested the 117 yen mark, but failed to sustain the downside. Next resistance lies at 118.30. This week the Japanese agenda is light, so the pair will mostly be driven by the US data.

GBP/USD resumed the decline on Monday, approaching the $1.5000 mark. Strong manufacturing PMI data failed to support the pound. On Tuesday US is scheduled to release construction PMI (forecast – downbeat). Fix below $1.5000 will open the way to $1.4815. Resistance - $1.5030/50 and $1.5010.

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MARKET NEWS
Feb. 3: MARKET OVERVIEW

EUR/USD is above 1.1300. The single currency is supported by hopes for a deal on Greek debt and lower than expected US economic data.

According to the figures released on Monday, American consumer spending fell and construction spending rose less than expected in December, while ISM Manufacturing PMI slid from 55.5 to 53.5 in January. Asian stocks sagged amid ongoing growth concerns. USD/JPY returned below 117.00.

AUD/USD hit 0.7650, the lowest level since March 2009, as the Reserve Bank of Australia cut its benchmark rate by 25 bps to 2.25% in order to encourage the nation’s economic growth. New Zealand’s solar was also hit by this move: NZD/USD slid to a 4-year low at 0.7190.

US crude oil rose to $49.88 a barrel. Some investors think that this commodity has finally hit the bottom. Canadian dollar is trading a bit on the downside after correcting up on Monday.

Here are the main events to watch for today:

http://fxbazooka.com/upload/tiny/Ana.../3/Feb%203.jpg

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Feb. 3: MARKET OVERVIEW - FX BAZOOKA

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MARKET NEWS
Key option levels
3 February 2015

FXBAZOOKA.com - 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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1200/10 (EUR 520m), 1.1300 (EUR 552m), 1.1400 (EUR 270m);

USD/JPY: 115.00 (USD 5bln), 116.00 (USD 9.5bln), 116.45-50 (USD 1.5bln), 117.00 (USD 848m), 118.00 (USD 3.8bln), 118.30/40 (USD 1.5bln), 119.00 (USD 1.7bln);

USD/CAD: 1.2400 (USD 270m);

AUD/USD: 0.7750 (AUD 470m), 0.7800 (AUD 691m), 0.7900 (AUD 677m), 0.8000 (AUD 230m);

NZD/USD: 0.7300 (NZD 200m), 0.7350 (NZD 201m), 0.7390 (NZD 259m), 0.7400 (NZD 367m).

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Key option levels - FX BAZOOKA

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Forex Analytics
Forex trading plan for Feb. 4

EUR/USD has breached to the upside the triangle within which it was consolidating for about 5 days. Above 1.1440 (23.6% Fibo of the December-January decline) the pair may rise to 1.1500, 1.1550 and 1.1655 (38.2% Fibo). However, you should be aware of the risks to euro’s correction up: bad data from the euro area (watch the region’s retail sales at 10:00 GMT) and good data from the US (watch ADP Employment report at 13:15 GMT and ISM Non-Manufacturing PMI at 15:00 GMT). In addition, there will be news from the euro area: Greek Prime Minister Alexis Tsipras will meet with European Commission President Jean-Claude Juncker. Support for EUR/USD is at 1.1320, 1.1275 and 1.1210.

https://www.youtube.com/watch?v=ndXpHfxHuvo

NZD/USD followed the Aussie on Tuesday, but found support at 0.7170 in the Asian trade. New Zealand is scheduled to release labor market data late on Tuesday (21:45 GMT). The RBNZ Governor Wheeler will deliver a speech later, at 23:00 GMT. Given the recent RBNZ dovish rhetoric, the kiwi could come under resumed pressure. Next bearish target for the pair lies at 0.7100 (2011 low). The bullish move will likely be limited by the $0.7300 mark (upper border of the January bearish channel).

AUD/USD broke below the $0.7700 support on Tuesday following the unexpected RBA rate cut by 25 bps. However, the sellers failed to break below 0.7620 so far – this is where the lower border of the 2013-2014 bearish trend lies. Get ready to sell AUD/USD on a break below this area targeting 0.7160 and 0.7000 in the medium term. Major resistance is now seen at 0.8000.There is now releases to watch in Australia on Wednesday. Don’t miss the retail sales data on Thursday and fresh RBA economic projections on Friday.

USD/CAD retraced towards the 1.2500 area at the beginning of the week. Demand for the loonie increased amid the ongoing oil market recovery. In our view, the decline won’t be long-playing. Next support for the pair lies at 1.2380 and 1.2290 (23.6% Fibo). January Ivey PMI release at 15:00 GMT on Wednesday is a risk event for the pair.

USD/JPY has twice found support just below 117.00, but it still facing much of resistance on the upside at 117.90 and 118.50. We expect consolidation ahead of the US data releases. GBP/USD remains consolidative as well. Resistance is at 1.5185 and we favor selling in this area targeting 1.4915 with stops above 1.5270.

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Forex trading plan for Feb. 4 - FX BAZOOKA

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MARKET NEWS
Feb. 4: MARKET OVERVIEW

US dollar declined during the US session on Tuesday and the Asian session on Wednesday. USD index lost 0.9% suffering the biggest one-day fall since October, 2013. The greenback was driven down as the commodity currencies surged amid the recovery in oil prices.

Brent crude oil traded in the $57.76 zone after an almost 6% advance on Tuesday. US crude traded around $52.39 up from $43.58 seen last week.

AUD/USD rose to 0.7850 as investors covered short positions after the drop caused by the RBA’s decision to cut interest rates. USD/CAD corrected down to 1.2400. NZD/USD rose to 0.7440. The RBNZ Governor Wheeler said that the central bank expects to keep rates on hold for some time, though “rate cut could be appropriate if demand weakens”. Wheeler also underlined that NZD was still unjustifiably high. USD/JPY once again tested resistance at 117.90 as Nikkei jumped by 1.8%.

EUR/USD rose to 1.1533 and is now trading in the 1.1480 area. Euro rose on hopes that Greece may secure a new debt deal with the creditors, although risks that the European partners won’t accept the proposal are high. EUR/CHF is above 1.0600.

Here are the main economic releases for today:
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 4: MARKET OVERVIEW - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 4

Open positions:

USD/JPY: Hold LONG at 117.35, TAKE PROFIT 118.92, STOP LOSS 116.62

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168

USD/CAD: Hold SHORT at 1.2430, TAKE PROFIT 1.2200, STOP LOSS 1.2488

EUR/JPY: Hold LONG at 132.80, TAKE PROFIT 136.55, STOP LOSS 132.38

EUR/CHF: Hold LONG at 1.0195, TAKE PROFIT 1.0669, STOP LOSS 1.0350

EUR/CAD: Hold LONG at 1.4250, TAKE PROFIT 1.4645, STOP LOSS 1.4110

GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 179.95, STOP LOSS 176.55

NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7275

Trade ideas:

EUR/USD: BUY at 1.1427, TAKE PROFIT 1.1652, STOP LOSS 1.1360

GBP/USD: BUY at 1.5105, TAKE PROFIT 1.5270, STOP LOSS 1.5045

AUD/USD: BUY

EUR/GBP: SELL

_________________________________

*Danske Bank applies trailing stop orders

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Danske Bank: trade signals for Feb. 4 - FX BAZOOKA

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Forex Analytics
Forex trading plan for Feb. 5

EUR/USD has spiked above 1.1500 on Tuesday, but was capped by 100-period MA at H4. The rally has slowed down despite the upbeat euro zone’s PMIs, retail sales and weaker-than-expected US NFP by ADP, all released on Wednesday. According to our forecast, the downtrend in EUR/USD will soon resume. Decline below 1.1440 will bring euro down to 1.1355. Next support is at 1.1275 and 1.1210. Watch the German factory orders and the EU economic forecasts on Thursday. News from Greece will also impact the market. US are scheduled to release trade balance and unemployment claims tomorrow.

https://www.youtube.com/watch?v=fvskYLCAfNM

GBP/USD was boosted to the levels above 1.5200 by the better-than-expected UK services PMI (57.2 vs. 56.5). However, pound approached the downtrend resistance line just below 1.5300. Tomorrow traders will be focused on the Bank of England’s meeting at 12:00 GMT. No changes in policy are expected. A break above 1.5300 can trigger an increase to 1.5475. USD/JPY may continue being sold on the upside in the area between 117.90 and 118.30 and bought on the downside in the 117.00 area.

NZD/USD pushed higher on Wednesday, supported by the neutral RBNZ stance and higher-than-expected milk prices. However, the pair faced resistance at $0.7450 (38.2% Fibo) and returned below the $0.7390 support later in the day. AUD/USD has also recovered some ground, retracing most of the post-RBA losses. The pair is facing resistance at 0.7850 and is vulnerable for a return to 0.7700. Next resistance is at 0.8000. Watch the Australian retail sales release at 00:30 GMT. USD/CAD can weaken to 1.2300. Resistance is at 1.2500 and 1.2625. EUR/GBP will be a sell in case of the break below 0.7500.

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Forex trading plan for Feb. 5 - FX BAZOOKA

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MARKET NEWS
Feb. 5: MARKET OVERVIEW

FXBAZOOKA.com - The euro was hit as the European Central Bank said it would not accept Greek bonds as collateral. EUR/USD fell to the levels just above 1.1300. EUR/CHF slid below 1.0500.

The ECB’s decision was also negative for the market’s risk sentiment. Asian shares declined. USD/JPY has once again lowered to support in the 117.00 area. Traders are awaiting the release of American unemployment claims later today (12:30 GMT) as a preview to Friday's all important non-farm payrolls data (NFP).

Chinese equities, however, managed to rise as China’s central bank cut the level of reserves banks must hold in order to encourage lending and economic growth. AUD/USD and NZD/USD edged a bit higher. Australian retail sales grew less than expected.

Another negative development for the mood of the bulls was the decline in crude oil price after the US announced that that its oil inventories reached a record high.

GBP/USD is trading in the 1.5200 ahead of the Bank of England’s meeting. The central bank is expected to leave policy unchanged.

Here are the main events to watch today (see more in the economic calendar):
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 5: MARKET OVERVIEW - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 5

Open positions:

EUR/USD: Hold SHORT at 1.1357, TAKE PROFIT 1.1262, STOP LOSS 1.1407

USD/JPY: Hold LONG at 117.35, TAKE PROFIT 118.92, STOP LOSS 116.62

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168

AUD/USD: Hold LONG at 0.7773, TAKE PROFIT 0.7942, STOP LOSS 0.7710

EUR/CHF: Hold LONG at 1.0195, TAKE PROFIT 1.0669, STOP LOSS 1.0350

EUR/CAD: Hold LONG at 1.4250, TAKE PROFIT 1.4645, STOP LOSS 1.4110

GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 179.95, STOP LOSS 176.55

NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7275

Trade ideas:

GBP/USD: BUY at 1.5165, TAKE PROFIT 1.5486, STOP LOSS 1.5080

USD/CAD: BUY

EUR/JPY: BUY

EUR/GBP: SELL

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Danske Bank: trade signals for Feb. 5 - FX BAZOOKA

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MARKET NEWS
Key option levels
5 February 2015

FXBAZOOKA.com - 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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1300 (EUR 1bln), 1.1350-60 (EUR 737m), 1.1450 (EUR 656m), 1.1500 (EUR 2.6bln), 1.1595/1.1600 (1.8bln);

GBP/USD: 1.5145/50 (GBP 430m), 1.5250 (GBP 200m), 1.5275 (GBPUSD 275m);

USD/JPY: 116.00 (USD 368m), 117.00 (USD 1bln), 117.75 (USD 752m), 119.00 (USD 941m);

USD/CAD: 1.2490 (USD 410m), 1.2570 (USD 440m), 1.2630 (USD 440m);

AUD/USD: 0.7750 (AUD 389m), 0.7775 (AUD 318m), 0.7850 (AUD 407m).

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Key option levels - FX BAZOOKA

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Forex Analytics
Forex trading plan for Feb. 6

EUR/USD is expected to consolidate in the 1.1500/1.1300 area as the market players await news from the US (NFP at 12:30 GMT on Friday) and Greece (here we regrettably don’t have a time schedule). The pressure on Greece to accept responsibilities on the terms of repaying its debt is increasing. The nation will likely find a way to reach an agreement with its creditors, but before that more stress is very likely. Greek Finance Minister Yanis Varoufakis met with German counterpart Wolfgang Schäuble, and as Schäuble put it, they’ve agreed to disagree. Above the 1.1500 resistance is at 1.1600 and 1.1655. The break below 1.1300 will send EUR/USD towards 1.1300.

As for the US labor market data, on balance it’s expected to be good. At the same time, the positive impact on USD may be limited as the US economic growth has slowed down in Q4. GBP/USD is on the strong foot on good data from the UK and generally lower figures seen in the US this week. Pound may rise to 1.5480. The Bank of England has left its monetary policy unchanged. GBP/USD faces resistance at 1.5270 and 1.5350. Support is in the 1.5125/10 area and then at 1.5033. EUR/GBP is vulnerable for decline towards 0.7400.

USD/JPY may continue being sold on the upside in the area between 117.90 and 118.30 and bought on the downside in the 117.00 area. AUD/USD is trying to base above 0.7700. Above the neckline of the inversed H&S at 0.7857 Aussie will get a chance to rise to the 0.800 area. The Reserve Bank of Australia will release monetary policy statement early on Friday. The statement will include the RBA’s view economic conditions and inflation.

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MARKET NEWS
Feb. 6: MARKET OVERVIEW

FXBAZOOKA.com - Asian shares edged higher on Friday and oil prices continued to recovered, but investors were cautious ahead of the US jobs data at 12:30 GMT. According to the forecasts, American non-farm payrolls probably increased 236K in January after advancing 252K in December. The unemployment rate is expected to remain at a 6-1/2-year low of 5.6%, while average hourly earnings were forecast to show a rise of 0.3% following the previous month’s fall of 0.2%. US data on Thursday were mixed, so investors are waiting for today’s figures for clues on the timing of the Fed’s first interest rate hike.

Brent crude futures traded a bit higher in the area of $56.98 a barrel. Oil recovered on the escalating conflict in Libya and after China’s central bank easing increased the expectations of oil demand.

EUR/USD is trading just below 1.1500. The euro is trading on the upside for the second day on the news that the European Central Bank had agreed to allow Greece’s national central bank to grant its banks emergency funding of up to 60 billion euro. In addition, the single currency was supported by the talk that the National Bank had bought euros to weaken the Swiss franc.

AUD/USD is trading just below resistance at 0.7850 as the Reserve Bank of Australia gave no clear hints on further monetary easing.

Here are the main events for today (seem more in the economic calendar):
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 6: MARKET OVERVIEW - FX BAZOOKA

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MARKET NEWS
Key option levels
6 February 2015

FXBAZOOKA.com - 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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1300 (EUR 454m), 1.1400 (EUR 982m), 1.1450 (EUR 603m), 1.1500 (EUR 1.45bln), 1.1600 (EUR 1.25bln);

GBP/USD: 1.5300 (GBP 200m), 1.5175/80 (GBP 250m);

USD/JPY: 115.50 (USD 3bln), 117.00 (USD 1.8bln), 118.00 (USD 374m), 118.25/30 (USD 300m), 118.50 (USD 310m), 119.50 (USD 650m);

USD/CAD: 1.2470 (USD 210m), 1.2500 (USD 233m);

NZD/USD:0.7630 (NZD 606m).

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Key option levels - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 6

Open positions:

USD/JPY: Hold LONG at 117.35, TAKE PROFIT 118.92, STOP LOSS 116.62

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168 (revised)

AUD/USD: Hold LONG at 0.7773, TAKE PROFIT 0.7942, STOP LOSS 0.7723 (revised)

EUR/GBP: Hold SHORT at 0.7500, TAKE PROFIT 0.7307, STOP LOSS 0.7565

EUR/CHF: Hold LONG at 1.0195, TAKE PROFIT 1. 0700, STOP LOSS 1.0469 (revised)

EUR/CAD: Hold LONG at 1.4250, TAKE PROFIT 1.4645, STOP LOSS 1.4110

GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 182.45, STOP LOSS 178.10 (revised)

NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7275

Trade ideas

EUR/USD: Possibly BUY at 1.1391/95

GBP/USD: BUY at 1.5260, TAKE PROFIT 1.5486, STOP LOSS 1.5215 (revised)

EUR/JPY: BUY at 133.97, TAKE PROFIT 136.68, STOP LOSS 132.50

USD/CAD: Possibly BUY

__________________________________

*Danske Bank applies trailing stop orders

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MARKET NEWS
Feb. 9: FOREX NEWS

FXBAZOOKA.com - US dollar remains supported by the better-than-expected payrolls data. 10-year Treasury note yield jumped to a near one-month high of 1.965% on Friday before taking some wind out of the dollar's surge by pulling back to 1.922%. USD/JPY is trying to break above the 119.00 handle.

AUD/USD opened with a gap down hurt by the concerns about the slowdown of Chinese economic growth. Data released on Sunday showed that China’s trade performance slumped in January, with exports falling 3.3% from year-ago levels while imports tumbled 19.9%.

EUR/USD opened with a gap down below 1.1300, but then rose above this level. Greece’s new Prime Minister Alexis Tsipras announced his anti-austerity government program on Sunday and rejected the extension to the nation’s current bailout.

Here are the data releases to watch today:
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 9: FOREX NEWS - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 9

Open positions*:

USD/JPY: Hold LONG at 117.35, TAKE PROFIT 119.77, STOP LOSS 117.58 (revised)

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168

AUD/USD: Hold LONG at 0.7773, TAKE PROFIT 0.7942, STOP LOSS 0.7723

NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7275

GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 183.35, STOP LOSS 179.50 (revised)

EUR/GBP: Hold SHORT at 0.7500, TAKE PROFIT 0.7307, STOP LOSS 0.7520

Trade signals:

EUR/USD: SELL at 1.1390, TAKE PROFIT 1.1098, STOP LOSS 1.1445 (revised)

EUR/JPY: BUY at 134.30, TAKE PROFIT 137.31, STOP LOSS 133.40

USD/CAD: BUY at 1.2470, TAKE PROFIT 1.2775, STOP LOSS 1.2350

EUR/CAD: SELL at 1.4240, TAKE PROFIT 1.3805, STOP LOSS 1.4390

GBP/USD: SELL

EUR/CHF: SELL

__________________________________________________ _________

*Danske Bank applies trailing stop orders (moved together with the price)

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Forex Analytics
Forex trading plan for Feb. 10

Strong US labor market figures released on Friday took the market by surprise. As a result, the EUR/USD and GBP/USD bullish recovery stopped dead. EUR/USD got rejected by resistance in the 1.1360 area. There will be some support at 1.1260, but we expect the euro to drift towards 1.1200 in the coming sessions. Watch French industrial production figures at 07:45 GMT on Tuesday. Greek parliament will vote on confidence to the government.

GBP/USD failed to close above 1.5300 on Friday and may test levels below 1.5100. Support is at 1.5033/00. Next bearish target is seen at 1.4815. The UK will release manufacturing production at 09:30 GMT on Tuesday (a slowdown from +0.7% to +0.3% is expected). Watch the January NIESR GDP Estimate at 15:00 GMT.

USD/JPY faced resistance in the 119.20 area and turned down aiming for support at 118.00 and 117.30.

AUD/USD has opened the week with a gap down, but then found support in the 0.7760 area and erased losses. Resistance is at 0.7850 and 0.7900. Support is at 0.7760 and 0.7720. Australia is scheduled to release January NAB Business Confidence tonight at 00:30 GMT. NZD/USD pushed higher on Monday, but holds below the 0.7445 resistance (38.2% Fibonacci). Next bullish target lies at 0.7520.

Note that China will release a bunch of important figures at 1:30 GMT: if inflation declines, the market will be waiting for more monetary stimulus. Such expectations may support the Australian and New Zealand dollars which are proxies for the optimism about Chinese economy.

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MARKET NEWS
Feb. 10: FOREX NEWS

FXBAZOOKA.com - EUR/USD is consolidating above 1.1300 after dipping to 1.1270 on Monday. The market players await the meeting of the euro area’s finance ministers on Wednesday.

Chinese consumer inflation hit a 5-year minimum, encouraging hopes that the nation will increase monetary stimulus. Commodity currencies were supported by such expectations as well as by the notional bottoming-out of oil prices. AUD/USD edged up to 0.7840. NZD/USD rose t o0.7440. USD/CAD slid a bit to 1.2450.

USD/JPY is trading slightly on the downside after it failed to break above the resistance at 119.30 yesterday. Concerns about Greece deteriorate the market’s risk sentiment increasing demand for safe haven Japanese yen.

Here are the main events to watch today:
http://fxbazooka.com/upload/tiny/Ana...20feb%2010.jpg

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Feb. 10: FOREX NEWS - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 10

Open positions*:

EUR/USD: Hold SHORT AT 1.1310, TAKE PROFIT 1.1098, STOP LOSS 1.1401

USD/JPY: Hold LONG at 117.35, TAKE PROFIT 119.77, STOP LOSS 117.58 (revised)

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168

AUD/USD: Hold LONG at 0.7773, TAKE PROFIT 0.7942, STOP LOSS 0.7723

GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 183.35, STOP LOSS 179.50 (revised)

EUR/GBP: Hold SHORT at 0.7500, TAKE PROFIT 0.7307, STOP LOSS 0.7520

USD/CAD: Hold LONG at 1.2470, TAKE PROFIT 1.2775, STOP LOSS 1.2350

EUR/JPY: Hold LONG at 134.30, TAKE PROFIT 137.31, STOP LOSS 133.40

NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7275

Trade signals:

EUR/CHF: SELL

EUR/CAD: SELL

GBP/USD: SELL

_____________________________________________

*Danske Bank applies trailing stop orders (moved together with the price)

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Danske Bank: trade signals for Feb. 10 - FX BAZOOKA

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Forex Analytics
Forex trading plan for Feb. 11

By: Kira Iukhtenko

Market sentiment on Tuesday remained fragile amid the increasing worries about the Greece’s future and the Ukrainian crisis. Meanwhile, expectations of the US rate hike support the American currency against the counterparts. Recovery on the oil market continues. US will release crude oil inventories data on Wednesday.

https://www.youtube.com/watch?v=I9D1sM17AhQ

EUR/USD hovers around the 1.1300 mark. Eurogroup meeting will be the major event to watch on Wednesday: are the European financial officials ready to compromise? Any progress in the Greek question will render temporary support for the euro, but the overall picture remains negative. Any recoveries will likely be capped by the 1.5000/30 area. Next support lies at 1.1260, but we expect the euro to drift towards 1.1200 in the coming sessions if there is no good news for Greece.

GBP/USD holds above the 1.5200 mark, but the bullish demand is limited. UK released weak December manufacturing production figures on Tuesday (+0.1% versus +0.3% expected). There are no releases to watch on Wednesday, the market will be focused on the BOE inflation report that comes on Thursday. The inflation and economic forecasts can be lowered. Support for the cable is seen at 1.5033/00. Next bearish target lies at 1.4815.

USD/JPY pushed higher, testing the 119.20 area to the upside. Daily close above this mark would open the way to our next bullish target at 120.00 yen. USD/CHF consolidates below the 200-day MA at 0.9300.

Commodity block currencies remain under slight bearish pressure despite the increased expectations for monetary stimulus in China. AUD/USD remains supported at 0.7760 (short-term bullish trend line). Break lower would open the way to 0.7700. Watch Westpac consumer sentiment and new loans data tomorrow. NZD/USD holds in the 0.7445/7340 sideways range with the risks still skewed to the downside.

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MARKET NEWS
Feb. 11: FOREX NEWS

FXBAZOOKA.com - Asian session was quite because Japanese markets are closed for a public holiday.

EUR/USD is flat just above 1.1300. The single currency remains under pressure because of uncertainty over a new debt deal for Greece. The nation didn’t manage to reach a new debt agreement without the austerity program. Euro area’s finance ministers meet later today in Brussels to discuss Greece’s problems ahead of the EU summit on Thursday. You can read more about the meeting here.

USD/JPY hit 1-month high at 119.66 yen. US currency was supported by gains in Treasury yields: 10-year yield rose above 2% on Tuesday for the first time in a month on the expectations that the Federal Reserve will raise interest rates by the middle of the year. In addition, the Bank of Japan Governor Haruhiko Kuroda said there was no criticism from the G20 of Japan’s aggressive easing that had driven the yen lower.

AUD/USD is trading on the upside, just below 0.7800. Australian currency strengthened after domestic data showed strong consumer confidence and a robust housing market.

Here are the events to watch today (see more in the economic calendar):
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 11: FOREX NEWS - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 11

Open positions:

EUR/USD: Hold SHORT at 1.1310, TAKE PROFIT 1.1098, STOP LOSS 1.1401

USD/JPY: Hold LONG at 117.35, TAKE PROFIT 120.43, STOP LOSS 118.29 (revised)

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168

AUD/USD: Hold LONG at 0.7773, TAKE PROFIT 0.7942, STOP LOSS 0.7723

USD/CAD: Hold LONG at 1.2470, TAKE PROFIT 1.2775, STOP LOSS 1.2350

EUR/JPY: Hold LONG at 134.30, TAKE PROFIT 137.31, STOP LOSS 133.40

EUR/GBP: Hold SHORT at 0.7500, TAKE PROFIT 0.7307, STOP LOSS 0.7520

EUR/CAD: Hold LONG at 1.4225, TAKE PROFIT 1.4645, STOP LOSS 1.4125

GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 183.35, STOP LOSS 180.15

NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7320 (revised)

Trade ideas:

GBP/USD: SELL at 1.5320, TAKE PROFIT 1.5139, STOP LOSS 1.5380

EUR/CHF: SELL

__________________________________________________ ________

*Danske Bank applies trailing stop orders (moved together with the price)

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MARKET NEWS
Key option levels

11 February 2015

FXBAZOOKA.com - 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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1250 (EUR 223m), 1.1295 (EUR 509m), 1.1300 (EUR 304m), 1.1450 (EUR 269m), 1.1470 (EUR 433m);

GBP/USD: 1.5100 (GBP (1.6bln), 1.5225 (GBP 308m), 1.5300 (GBP 833m), 1.5400 (GBP 290m);

USD/JPY: 118.50 (USD 272m), 119.00 (USD 1.6bln), 119.50 (USD 452m), 120.00 (USD 380m);

USD/CAD: 1.2300 (USD 1bln), 1.2445/50 (USD 630m);

AUD/USD: 0.7750 (AUD 200m);

EUR/JPY: 135.00 (EUR 554m).

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Key option levels - FX BAZOOKA

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Forex Analytics
Forex trading plan for Feb. 12

Elizaveta Belugina

On Wednesday US dollar remained supported with the US yields near 1-month highs. USD/JPY rose above 120.00. Next resistance levels are at 120.80 and 121.80. Support is in the 119.20/00 area.

AUD/USD is testing support at 0.7720. Below this level the pair can test 0.7600/0.7590. Watch Australian employment data at 00:30 GMT tomorrow: the forecasts are negative. Resistance is at 0.7850.

GBP/USD is making another test of the 7-month downtrend resistance line supported by the decline of EUR/GBP. Pound looks resilient despite lower than expected data from the UK on Tuesday. The Bank of England will release inflation report tomorrow commented by Governor Mark Carney. If the central bank forecasts negative inflation, sterling will get seriously hit.

At the moment of writing EUR/USD is consolidating in a very narrow range around 1.1300 preparing for a violent move as traders get more nervous. Support is at 1.1210 and resistance is at 1.1440. The EU economic summit will take place on Thursday. Here you can read more on the schedule of the Greek talks.

Later in the day on Thursday watch the US retail sales data: according to the forecasts, the figures will be better than in the previous release, but the indicator will still decline. This should limit the strength of the USD bulls.

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MARKET NEWS
Feb. 12: FOREX NEWS

FXBAZOOKA.com - The market remains in the situation of great uncertainty. Euro initially jumped on CNBC headlines that a Greece agreement had been reached 'in principle'. Further information showed, however, that no deal was reached between Greece and other euro zone governments on Wednesday. EUR/USD is in the 1.1300/1355 area. The European Council’s meeting is to take place later on Thursday, and the market participants await comments from the European political leaders on the Greek question.

Risk sentiment also depends on geopolitical developments as France, Germany, Russia and Ukraine negotiated in Belarus through Wednesday night and into Thursday morning in order to defuse the escalating conflict in eastern Ukraine. However, there are fears that the peace deal wouldn’t last long. USD/JPY edged down a bit after rising almost to 120.50 on Wednesday, but is still trading above the 120 handle.

Crude oil rebounded as Saudi Arabia and Russian energy giant Gazprom discussed cooperation between OPEC and its non-OPEC oil producers. US crude oil rose by 1.3% to $49.45 a barrel after dropping as much as 3% overnight as US stockpiles hit record highs.

AUD/USD fell below 0.7650 after weak jobs data increased prospects for further easing by the Reserve Bank of Australia. The nation’s unemployment rate jumped from 6.1% to 6.4%.

Here are the main economic events for today:
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 12: FOREX NEWS - FX BAZOOKA

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MARKET NEWS
Key option levels

12 February 2015

FXBAZOOKA.com - 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 (15:00 GMT).

Here are the key options expiring today:

EUR/USD: 1.1335 (EUR 876m);

GBP/USD: 1.5000 (GBP 300m);

USD/JPY: 119.00 (USD 2.3bln), 119.25/30 (USD 515m), 120.75/80 (USD 1.25bln), 121.00 (USD 2.6bln);

AUD/USD: 0.7700 (AUD 3.4bln), 0.7800 (AUD 2.6bln);

NZD/USD: 0.7700 (NZD 402m);

EUR/GBP: 0.7400, 0.7475 (EUR 216m).

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Key option levels - FX BAZOOKA

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Forex Analytics
Danske Bank: trade signals for Feb. 12

Open positions:*

EUR/USD: Hold SHORT at 1.1310, TAKE PROFIT 1.1098, STOP LOSS 1.1401

USD/JPY: Hold LONG at 117.35, TAKE PROFIT 121.00, STOP LOSS 119.15 (revised)

USD/CHF: Hold LONG at 0.8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168

USD/CAD: Hold LONG at 1.2470, TAKE PROFIT 1.2775, STOP LOSS 1.2445 (revised)

EUR/JPY: Hold LONG at 134.30, TAKE PROFIT 137.31, STOP LOSS 134.02

NZD/USD: Hold LONG at 0.7330, TAKE PROFIT 0.7495, STOP LOSS 0.7320

EUR/CAD: Hold LONG at 1.4225, TAKE PROFIT 1.4645, STOP LOSS 1.4125

GBP/JPY: Hold LONG at 175.85, TAKE PROFIT 184.40, STOP LOSS 181.95

Trade ideas:

GBP/USD: SELL at 1.5310, TAKE PROFIT 1.5139, STOP LOSS 1.5380

AUD/USD: SELL at 0.7725, TAKE PROFIT 0.7580, STOP LOSS 0.7800 (revised)

EUR/GBP: SELL

EUR/CHF: BUY

__________________________________________________ ________

*Danske Bank applies trailing stop orders (moved together with the price)

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Danske Bank: trade signals for Feb. 12 - FX BAZOOKA

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Forex Analytics
Forex trading plan for Feb. 13

EUR/USD sits tight in the 1.1355/1.1270 area. The Greek debt deal is put off until the next week. The main questions are whether the bailout is extended and on what conditions as well as what happens to Greek banks. As there’s a hope for compromise, euro’s holding its ground. There’s a risk of a short squeeze to the upside on positive news about Greece. On Friday watch the releases of French, German and the euro area GDPs (06:30-10:00 GMT). So far euro didn’t react much to the economic data releases, and Friday may be no different.

USD/JPY didn’t stay above 120 for a long time and spiked down to 118.72 before once again recovering to the 119.50 area. The pair fluctuated on the news about the Ukraine. There also were some reports that Bank of Japan’s officials are concerned about the negative effects of additional stimulus. Plus US retail sales data was a big disappointment. Still, USD/JPY has breached a big wedge/triangle to the upside, so the medium-term outlook is bullish. If the support at 119.20 and 118.70 (55-day MA) holds, it will be a good sign.

GBP/USD jumped to 1.5365 as the Bank of England’s Governor Mark Carney said that the next move of the central bank will likely be to raise interest rates. For now traders have turned optimistic about GBP. As long as support at 1.5185/1.5200 holds, the odds will be of sterling rising to 1.5475. Note that pound faces resistance at 1.5380 (55-day MA, bottom of the bearish daily Cloud).

AUD/USD was hit as the worries that the Reserve Bank of Australia will cut interest rates in March have returned. It would be interesting to see what the RBA’s Governor Stevens has to say about the unexpected surges in Australian unemployment as he speaks tonight. Aussie can fall towards 0.7550 if he sounds dovish. Resistance is at 0.7700 and 0.7786.

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Forex trading plan for Feb. 13 - FX BAZOOKA

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MARKET NEWS
Feb. 13: FOREX NEWS

FXBAZOOKA.com - Risk sentiment is positive on news of a ceasefire accord in Ukraine, hopes of a close deal between Greece and its creditors and the rate cut in Sweden.

EUR/USD rose to 1.1440. The euro area will release GDP for Q4 at 10:00 GMT: economists expect a stagnant growth of 0.2%. Concerns about the future of Greece eased as the nation agreed to begin technical talks with its euro zone partners ahead of the decisive meeting on Monday in attempt to find a compromise solution of the bailout problem.

Oil prices were firm after gains steered by deeper industry spending cuts and lower USD. Brent crude futures held at $59.10 per barrel.

USD/JPY found some support at 118.40. The level of 119.10 is now a resistance. GBP/USD is trying to hold above 1.5400. AUD/USD rose to 0.7790 as the RBA’s Governor Glenn Stevens said nothing really new and didn’t provide additional verbal pressure on the national currency.

The economic calendar for today:
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 13: FOREX NEWS - FX BAZOOKA

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Forex Analytics
Danske Bank: signals for Feb. 13

OPEN POSITIONS*:

EUR/CHF: LONG AT 1.0510, TAKE PROFIT 1.0800, STOP LOSS 1.0525

EUR/CAD: LONG AT 1.4225, TAKE PROFIT 1.4645, STOP LOSS 1.4150

USD/JPY: LONG AT 119.30, TAKE PROFIT 121.86, STOP LOSS 118.29

USD/CHF: LONG AT .8755, TAKE PROFIT 0.9445, STOP LOSS 0.9168

AUD/USD: SHORT AT .7725, TAKE PROFIT 0.7580, STOP LOSS.7800

EUR/JPY: LONG AT 135.55, TAKE PROFIT 137.64, STOP LOSS 134.59

TRADE IDEAS:

EUR/USD: BUY at 1.1363, TAKE PROFIT 1.1499, STOP LOSS 1.1298

USD/CAD: SELL at 1.2545, TAKE PROFIT 1.2314, STOP LOSS 1.2650

GBP/JPY: BUY at 182.00, TAKE PROFIT 187.30, STOP LOSS 180.15

NZD/USD: BUY at 0.7400, TAKE PROFIT 0.7551, STOP LOSS 0.7350

GBP/USD: BUY

EUR/GBP: SELL

______________________________________

*Traders apply trailing stop orders

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MARKET NEWS
Feb. 16: FOREX NEWS

FXBAZOOKA.com - EUR/USD edged up as traders hope that by the end of the day the euro zone finance ministers will find solution of the Greek financial problems. In the US today is the bank holiday (the Presidents’ Day).

USD/JPY is trading in the 118.55 area after touching levels above 120.00. According to the data released on Sunday, Japanese GDP increased by 0.6% in the final 3 months of 2014 after sliding by 0.5% in the previous quarter. Such improvement made investors reduce bets on additional monetary stimulus from the Bank of Japan.

GBP/USD edged up to 1.5440. Pound is supported by the recent hawkish-sounding comments of the Bank of England’s policymakers. Both Governor Mark Carney and his deputy, Ben Broadbent, have said the next move in interest rates is likely to be up. Martin Weale, a policymaker at the central bank, added that the central bank will need to start raising interest rates sooner than investors expect as inflation recovers from current low levels.

Among commodity currencies, the Canadian dollar strengthened a bit as USD/CAD declined on signs of a bottom in oil prices. On Friday Brent crude hit a 2015 high above $60 a barrel.

The main events for today:
http://fxbazooka.com/upload/tiny/Ana...20calendar.jpg

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Feb. 16: FOREX NEWS - Forex Analytics

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Forex Analytics
Danske Bank: trade signals for Feb. 16

Open positions*:

USD/CHF: Hold LONG from 0.8750, TAKE PROFIT 0.9445, STOP LOSS 0.9168

AUD/USD: Hold SHORT from 0.7725, TAKE PROFIT 0.7580, STOP LOSS 0.7800

EUR/JPY: Hold LONG from 135.55, TAKE PROFIT 137.64, STOP LOSS 134.59

EUR/CHF: Hold LONG from 1.0510, TAKE PROFIT 1.0800, STOP LOSS 1.0525

EUR/CAD: Hold LONG from 1.4225, TAKE PROFIT 1.4645, STOP LOSS 1.4150

Trade ideas:

EUR/USD: BUY at 1.1383, TAKE PROFIT 1.1534, STOP LOSS 1.1298

GBP/USD: BUY at 1.5350, TAKE PROFIT 1.5500; STOP AT 1.5265

GBP/JPY: BUY at 182.00, TAKE PROFIT 187.30, STOP LOSS 180.15

NZD/USD: BUY at 0.7450, TAKE PROFIT 0.7609, STOP LOSS 0.7405

USD/JPY: BUY at 117.90/80

USD/CAD: SELL

EUR/GBP: SELL

__________________________________________________ ___________

Danske Bank applies trailing stop orders (moved together with the price)

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Danske Bank: trade signals for Feb. 16 - Forex Analytics

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Forex Analytics
Forex trading plan for Feb. 17

By Kira Iukhtenko

EUR/USD consolidates above 1.1400 on Monday. Euro is supported by expectations that the euro zone finance ministers will find a solution of the Greek financial problems by the end of the day. There is hope that even if a compromise can't be reached - the ECOFIN meeting on Tuesday is another chance. You should also watch the February ZEW economic indices for euro zone (51.3 expected) and Germany (56.2 expected) tomorrow (10:00 GMT). Next bullish targets for EUR/USD are seen at 1.1500/30 and at 1.1670 and could be hit on the positive news from Greece or strong ZEW indices. On the other hand, a decline below the intraday support of 1.1360 would open the way down to 1.1280.

https://www.youtube.com/watch?v=4KPOFDhCl-A

GBP/USD holds above the 55-day MA (1.5360), but is trading in the red zone. The cable is trying to enter the daily Ichimoku, supported by the BOE’s Carney hawkish speech delivered last week. Don’t miss the UK inflation figures tomorrow at 9:30 GMT. CPI is expected to have slowed from 0.5% to 0.3% in January, so the release contains a bearish risk for the pound inside. Next resistance lies at 1.5475 (23.6% Fibo), while support – at 1.5350 and 1.5200. The nearest future will show how sustainable the current rally is.

USD/JPY stopped dead in the 118.30/70 range. Today we’ve got some upbeat news from Japan: GDP increased by 0.6% in Q4 2014 after sliding by 0.5% in the previous quarter. Expectations for additional monetary stimulus from the Bank of Japan declined. Tomorrow there are no releases on the Japan’s agenda. The BOJ monthly meeting takes place on Wednesday.

NZD/USD was a big mover on Monday, gapping higher on upbeat New Zealand Q4 retail sales figures. Kiwi approached 50% Fibo from the late-January decline (0.7520). Break higher would open the way to 0.7600/20. AUD/USD consolidates around 0.7780 following the last week’s dip below the 0.7700 figure. Watch the RBA monetary policy meeting minutes at 00:30 GMT on Tuesday – we’ll see how dovish the regulator sounds. The release will impact both the Aussie and the kiwi.

Monday is a bank holiday in the United States. On Tuesday the Empire State Manufacturing Index will be released (forecast - downbeat). On Wednesday markets will focus on FOMC meeting minutes. This publication will likely define the market sentiment towards the US dollar more clearly.

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Forex trading plan for Feb. 17 - Forex Analytics