[FBS_Official]

Westpac advises to buy AUD/USD

Australian dollar once again renewed today the post-flow maximums versus the greenback at 1.0488. Aussie also strengthened to 30-month high against Japanese yen.

Australia’s currency was supported by the encouraging macroeconomic data: the unemployment level dropped in March from 5% to 4.9%. The number of jobs increased by 37,800, while the economists were looking forward only to 24,000 increase.

Currency strategists at Westpac claim, that for US dollar bears buying Aussie seems to be the best trading strategy. In March the pair AUD/USD gained 3.3%, while the pair AUD/JPY increased by 7.2%.

[FBS_Official]

BNP Paribas: comments on USD/JPY

Technical analysts at BNP Paribas claim that US dollar’s advance versus yen has slowed down as the pair USD/JPY approached resistance provided by the bottom of the weekly Ichimoku Cloud at 85.75. Today the greenback won’t be able to overcome this level.

In their view, upside momentum for US currency is declining. According to the bank, although yen will continue weakening during the coming weeks, the pair won’t be able to get above the top of the weekly Cloud at 87.94.

[Tams]

can you really trade from these info?
or are they merely promotional fillers?

[FBS_Official]

We just share our analytics with you.
Its up to you to decise.
We hope that it would be usefull for your trading.

[Tams]

Originally Posted by FBS_Official »

We just share our analytics with you.
Its up to you to decise.
We hope that it would be usefull for your trading.

I mean, do you actually believe there are substance to your analysis ?

[FBS_Official]

Originally Posted by Tams »

I mean, do you actually believe there are substance to your analysis ?

I wouldn't post it if I don't.

[FBS_Official]

Gaitame.Com: euro may weaken versus yen

Technical analysts at Gaitame.Com Research Institute Ltd. claim that the single currency doesn’t manage to close above 123 yen, it will fall below the trend line connecting its March 29 and April 7 minimums.

In their view, the pair EUR/USD may lose more than 4% easing down to the 12-day MA at 118.42 yen and the previous level of resistance at 116 yen.

Euro reached the highest level since May 5 at 122.94 yen on April 6. The last when the European currency traded below 116 yen was on March 29.

[FBS_Official]

Commerzbank: bullish outlook for EUR/USD

The single currency gained almost 400 pips versus its US counterpart during the last 2 weeks and managed to break above the 3-year downtrend line.

Technical analysts at Commerzbank claim that if the pair EUR/USD closes the week above 1.4285, the recent bullish breakthrough will be confirmed. In their view, the outlook for euro is positive as long as it’s trading above the 4-month uptrend that’s currently at 1.4157.

According to the bank, the key resistance levels are found at 1.4445 (long term double Fibonacci retracement) and 1.4535 (1995 maximum). The specialists expect that these levels will hold the initial attack of the bulls.