General overview for 24/02/2014 13:30 CET Starting from the weekly time frame there are two possibilities of further market movements as the main and alternative count. The main count still indicates a possible one more wave upside, with target above the level of 145.64. This scenario is valid as long as the level of 135.50 […]
Since January 24, the EUR/AUD pair has been moving to the downside within the depicted bearish channel. On February 13, the bulls expressed a bullish breakout above the upper limit indicating weakness of the ongoing bearish momentum. Simultaneously, the bulls established an inverted Head and Shoulders pattern off 1.5000. The neckline is roughly located at […]
A considerable support was provided around 1.6250. This price level corresponds to the previous multiple tops as well as recent bottom. A breakthrough above the price zone of 1.6590-1.6660 opened the way directly towards the upper limit of the depicted channel around 1.6820 where the bulls established a recent top around. As expected, a bearish […]
The latest daily video report from easyforex.com, includes all the latest fx market moving news and pairs to watch in the forex markets. Related Posts:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,334.16 on volume above the average. The Gold is on critical resistance area and the levels of 1,335.00 (FE 100%) and 1,337.00 (FR 61.8%) are very important. We can observe decreasing volume on upper leg, which is potential sign […]
Fresh highs (around 1.1220) have been recently visited after long-time absence. Recently, USD failed to keep its gains against CAD, and the USD/CAD pair was pushed to the downside indicating weakness of the ongoing bullish momentum. It’s important to note that the pair has an established consolidation zone between 1.0850 and 1.0960. This renders the […]
China drive developing markets in hitting back at the U.S. as India and South Africa kept up pressure on the Federal Reserve to deal with the spillover effects of tapering its bond-purchasing program. A day after Treasury Secretary Jacob J. Lew questioned the pace of China’s economic opening, Chinese Finance Minister Lou Jiwei stated yesterday […]
Volkswagen AG’s 6.7 billion-euro ($9.2 billion) bid for the rest of Scania AB is key to increasing earnings at its three truck brands by sharing technology and components in the same way that VW’s passenger-car brands have already successfully done. The Wolfsburg, Germany-based manufacturer argues that using similar parts at its commercial-vehicles operations is critical […]
Janet Yellen, in her first global forum as Federal Reserve chairman, won praise for helping smooth emerging-market concerns as the Group of 20 nations promised to be mindful of international repercussions of financial policy. In the lead up to the concluding communique released yesterday in Sydney, India and South Africa were among nations calling for […]
The bullish impulse managed to bypass the upper limit of the bearish channel. The upper limit of the bearish channel also corresponded to 50% Fibonacci level that got broken too. This opened the way towards 1.3730 (61.8% Fibonacci Level). Breakthrough above which opened the way directly towards 1.3770. Continuous fixation above 1.3730 is a must […]
The pair remains in the bearish impulse initiated off its peak around 1.6820. On Friday, the pair had reached 1.6724 before prominent bearish rejection was expressed to achieve daily closure at 1.6615 resulting in a “Shooting-Star” daily candlestick. Breakdown of 1.6600 handle is essential to confirm reversal and trigger a stronger pullback, which will pause […]
The U.S. and fellow industrial countries turned the tables on emerging nations by demanding they do more to aid economic development after some blamed the Federal Reserve for roiling currency markets. On the eve of discussions among Group of 20 finance chiefs in Sydney, U.S. Treasury Secretary Jacob J. Lew and U.K. Chancellor of the […]
The Masters of the Universe immortalized by Tom Wolfe in his 1987 novel “The Bonfire of the Vanities” are feeling like mere mortals. The Wall Street banks known as main dealers because they get to exchange with the Federal Reserve and provides the money that the U.S. government needs to manage are concerned that they […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards like we expected, the price tested the level of 1.6620. Our previous analysis is still active. We saw selling climax at the price of 1.6517, so selling looks risky. Our upper station is still valid, so major upper station is a level around […]
February 24, 2014 – Forex News Hot Asset For Today: EUR/USD The euro ratified daily losses against the greenback on Friday. This was due mainly to the slump in sales of US homes which lead to greater concerns that the severe weather conditions, to a certain extent, may have hindered the growth of the US […]
The Dollar index has reached our upward target of 80.40 and reversed. Resistance at 80.40 proved strong for bulls and prices got rejected and the trend reversed downwards once again. Short-term support is found at 80 where the previous bounce started. Short-term resistance is found at 80.35-40. The current upward bounce could have completed the […]
Mobile trading hasn’t been around for very long, but for many of us it has already become an inextricable part of the investment experience. Anyone who’s ever stepped away from the computer with an open position in a volatile market can tell you that the levels of stress you experience in those moments are almost […]
February 24, 2014 – Daily Market News Today’s Hot Asset: EUR Following weak US Existing Home Sales data on Friday, US stocks moved lower; The S&P 500 and Dow Jones both declined 0.19%. The Federal Reserve have continually stated that they will pay close attention to data when deciding the pace at which it will […]
Markets slip on Chinese lending slowdown fears Morning Report: 08.45 London • This morning, financial markets have a slight negative edge on fears that Chinese banks are pulling back lending to the real estate sector. The S&P 500 is caught in a trading range, not helped by ongoing uncertainty in Ukraine. • On FX markets, the […]
Gold price has broken the short-term downward sloping red trend line resistance as we noted in our last analysis. This helped Gold price form a short-term bottom and reversal pattern that suggested the price would reach previous highs. We mentioned in our last post that Gold price was supported by the Ichimoku cloud indicator and […]
February 24, 2014 – Forex News Hot Asset For Today: EUR/USD The euro ratified daily losses against the greenback on Friday. This was due mainly to the slump in sales of US homes which lead to greater concerns that the severe weather conditions to a certain extent may have hindered the growth of the US […]
February 24, 2014 – Commodities News Hot Asset For Today: Gold On Friday Gold prices traded higher by 0.13% against the USD towards the end of the session, at $1323.95/ounce, as a lackluster housing data from the US and violence in Ukraine bolstered the safe-haven appeal Gold. Following the G20 meeting in Australia on the […]
February 24, 2014 – Weekly News WEEKLY REPORT 24/02-28/02 EUR/USD Last week the EUR/USD pair slightly increased by 0.6%, however the movement is more consider to be sideways then upwards. The pair kept the whole week its price between support and resistance and despite several important fundamental releases the pair did not move significantly. The […]
Natural gas futures leaped to the highest price in five years, as forecasters cautioned of more chilling US weather. Hedge funds raised bullish stakes on the heating fuel as inventories plunged to the lowest in a decade. Natural gas to be delivered in March profited 5.6% to $6.478 per million British thermal units in electronic trading on the […]
The euro held stable versus the dollar on Monday, holding its gains it made last week as political restlessness in Ukraine showed clues of subsiding for the time being. After a week of battling in the streets of the capital, Ukraine’s parliament agreed on Saturday to oust President Viktor Yanukovich and also release his arch-nemesis, former prime […]
Asian shares plunged following the benchmark regional index reported two straight weekly gains, as Group of 20 finance heads backed obliging monetary policy and China’s central bank signaled country’s economy can uphold growth of 7% to 8%. The MSCI Asia Pacific Index missed 0.1% to 137.30 as of 9:03 a.m. in Tokyo, before Hong Kong and China markets […]
Gold futures dived after its three-week peak as a technical gauge waved a reversal and on worries the higher prices will wound physical demand in Asia. Silver, platinum, and palladium dropped. Bullion to be delivered immediately missed 0.4% to $1,318.79 per ounce and was set at $1,321.57 at 10:07 a.m. in Singapore. Prices touched $1,332.45 on February […]
Bullish sentiment on gold has returned after prices crossed back above the key 1300 level on February 14. The market remains above the 200-day moving average which is acting as an important support level around the 50% Fibonacci retracement level (1307.40) of the move from the August high (1433.51) down to the December low (1182.16). […]
Today’s Support and Resistance levels: R3: 1.6725 R2: 1.6673 R1: 1.6624 Current spot: 1.6588 S1: 1.6558 S2: 1.6496 S2: 1.6445 Technical summary: The wave 2 correction we are looking for is still unfolding. In the short term we expect minor resistance at 1.6624 to protect the upside for one more impulsive decline in wave c […]
Today’s Support and Resistance levels: R3: 141.87 R2: 141.29 R1: 141.04 Current spot: 140.69 S1: 140.30 S2: 139.99 S3: 139.59 Technical summary: We are still looking for the ongoing correction to hit resistance at 142.26 to end the X wave that began at 136.23. Once this X wave is finished, we should see renewed downside […]
