Comments and forex-analytics from FBS Brokerage Company
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#1
02-24-11, 02:15 PM
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Comments and forex-analytics from FBS Brokerage Company
Dear Traders!
I'm glad to present in this thread the analytics of FBS brokerage company. Analytical support is one of our strongest advantages. FBS has a large in-house analytical department, gathering top level professionals in market research. Our analysts provide round-the-clock analytical support based on over 120 local markets news sources, comments, opinions and predictions. Our analysts also provide comments for several business broadcasting companies and TV shows. 
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#2
02-24-11, 02:16 PM
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Analysts on the efficiency of G20 finance ministers’ summit
Group of 20 finance chiefs convinced China in the necessity of developing an early warning system to detect when economic fault lines are opening that may affect global growth. Among the yardsticks to monitor there are, for example, budget deficit levels, the external imbalance and private savings rates. The officials signaled concern over the new threat by noting some emerging markets are displaying “signs of overheating” and agreed to study the forces behind surging commodity prices. The G-20’s statement maintained last year’s decision to enhance currency flexibility trying to avoid at the same time volatile movements in exchange rates. The economists have different estimates of the summit’s results. Analysts at UBS claim that the statement of G20 finance ministers’ meeting brought nothing new. In their view, the group itself is losing relevance as there's no sign of the establishment of a binding global imbalances supervisory system anytime soon. In their view, the currency markets are still driven mainly by policy normalization, the sovereign debt crisis and global inflationary pressures. Strategists at Goldman Sachs Group note that there’s slow but steady progress towards better international policy coordination aiming at reduced global imbalances. Economists at TD Securities believe that the list of indicators will give the rich countries an alternative to telling emerging markets to stop manipulating currencies.
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#3
02-24-11, 02:16 PM
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LB: strong franc in the first half of the year
Analysts at Bayern LB believe that in the first half of 2011 Swiss franc will keep being strong as the political turmoil in the Middle East and the euro zone’s debt crisis increase investors’ risk aversion, while Switzerland has trade surplus and franc is regarded as the safe haven. When the mentioned factors supporting franc’s rate disappear, Swiss currency will weaken and lose attraction due to the country's low interest rates, the specialists say.
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#4
02-24-11, 02:17 PM
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Demand for franc and yen keeps growing
As the tensions situation in the Middle East escalate, investors keep buying so-called safe haven currencies – Japanese yen and Swiss franc. Analysts at Bank of Tokyo-Mitsubishi UFJ underline that the uncertainty is now too high and it's unknown what will happen from now. The specialists say that if Libyan leader Moammar Gaddafi steps down, the situation may briefly return to normal. However, the things may get even worse if oil refinery equipment is destroyed, note the strategists. According to Bank of Tokyo-Mitsubishi, the pair USD/JPY may fall below 82, but it's unlikely to deviate from the recent range between 81 and 84. Currency strategists at Commerzbank believe that as the pair USD/CHF fell below the key support at 0.9309, it’s poised for further declines lowering to 0.9120 and then possibly 0.9000.
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#5
02-24-11, 02:17 PM
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WestLB: Aussie will gain on carry trades
Analysts at WestLB note that Australian dollar performed surprisingly well despite the natural disasters that were tormenting the continent since the end of last year. The specialists believe that even though RBA assistant governor Philip Lowe claimed that the country’s GDP could be about 1% lower this quarter, the total 2011 growth will still be almost 4.25% – more than in other developed nations. WestLB underlines that such growth will be obtained while the Reserve bank of Australia’s benchmark rate is already at 4.75%, that’s 450 basis points above the Fed’s one, 425 bps above British rates and 375 bps above ECB’s rate. It’s also necessary to note that the Bank of Japan is unlikely to tighten its policy and lift the rates from current 0.1% level. As a result, the analysts expect that Aussie is going to strengthen getting strong stimulus from the carry trades: investors will borrow in countries with lower interest rates investing in higher-yielding Australian assets.
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#6
02-24-11, 02:18 PM
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BNP Paribas: EUR, GBP, AUD and CAD will grow
Currency strategists at BNP Paribas note that Brent crude is positively correlated with the value of euro, British pound, Australian dollar and Canadian dollar. As the technical outlook for Brent is bullish, the specialists believe that the pair EUR/USD may reach 1.3950/1.4000, the pair GBP/USD can go up towards 1.6460, the pair AUD/USD will come back to resistance in the 1.0200/55 area and the pair USD/CAD may retest strong support at 0.9820/00.
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#7
02-24-11, 02:19 PM
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Commerzbank: short-term GBP outlook
The pair EUR/GBP managed to get above resistance in the zone between 0.8448 and 0.8482. Technical analysts at Commerzbank note that downside momentum for the single currency is decreasing. Euro’s trying to recover versus sterling and resistance is found at 0.8530 and 0.8588.
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#8
02-24-11, 04:20 PM
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RBC: USD/CAD is trapped between 0.98 and 1.00
Currency strategists at RBC Capital Markets note that the pair USD/CAD had peaked on Wednesday just below 0.9960 before falling back to last week's minimums in the 0.9817 area. The specialists think the greenback will find firm support at these levels. According to RBC, the range between 0.98 and 1.00 within which US dollar is trading versus its Canadian counterpart this year seems hard to break.
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#9
02-24-11, 04:21 PM
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MIG Bank: USD/CHF under bearish pressure below 0.9506
Technical analysts at MIG Bank note that as the greenback dropped below 0.9400 versus Swiss franc it lost the support of practically all positive technical factors. The specialists believe that only if the pair USD/CHF manages to rise above the week’s maximum at 0.9506, it will be able to experience some sort of rebound. According to the bank, as long as US currency’s trading below this level, it risks slumping to 0.9100 and 0.9000.
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#10
02-24-11, 04:22 PM
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Mizuho: GBP/USD may rise to 1.6500
British pound went down from 1.6255 to the support at 1.6140 and then rose back to 1.6200. Technical analysts at Mizuho Corporate Bank note that sterling’s consolidating below November maximums at 1.6300. The specialists claim that the pair GBP/USD will get support from the 9-day MA. According to Mizuho, pound’s rate will get higher before a significant short-covering occurs. The bank advises investors to buy on the rate’s decline to 1.6160 stopping below 1.6100 and expecting pound to climb to 1.6260/1.6300 and then to 1.6500.
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