Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,345.33. The Gold is around critical resistance area at the price of 1,338.00. We got FR 61.8% at the price of 1,338.00 and that level is critical. According to daily chart, we can see average volume and low range […]
February 26, 2014 – Commodities News Hot Asset For Today: Gold Gold and prices ended the day solidly up and scored four-month highs. The markets were boosted by slowly improving technical pictures. Gold saw increasing safe-haven demand amid geopolitical concerns, gold still continues to be seen as a safe trade. The situation in the Ukraine […]
Overview: Since our previous analysis,the EUR/NZD pair has been trading downwards, the price tested the level of 1.6458. Our previous analysis is still active. We can observe selling climax at the price of 1.6470. Our upper stations still valid, so major upper station is a level around the price of 1.6790 (FE 100%). We also […]
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:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…Video market update for April 17, 2024 April […]
February 26, 2014 – Forex News Hot Asset For Today: GBP/USD The EUR/USD went up and down during the session on Tuesday, but to a larger extent no real change in price by the end of the day. As of the beginning of the week the pairing has essentially ended of unchanged, and as […]
The Dollar index has not moved much since yesterday, so we have no new signals to post. The index remains inside a neutral zone, with equal distance between resistance and support. We prefer to be neutral. If prices close at support at 80-79.90, we can try and go long in case a bounce occurs. If […]
The rise in Gold price has continued above $1,340 as well as the divergencies in RSI as can be seen in the 4-hour chart below. The trend remains up. The negative divergencies can continue for more time as Gold price rises and breaks above resistance levels. Next upward target is $1,360. Short-term support is found […]
February 26, 2014 – Daily Market News Today’s Hot Assets: USD, Oil Stocks fluctuated after mixed US data and after companies reported higher than expected earnings. Macy’s and Home Depot rose more than 2.4 percent and Tesla Motors Inc. gained 18% as Morgan Stanley more than doubled its projected price for the stock. At the […]
The stock market’s current big picture price pattern has never before been seen in 300 years of stock market history. Learn why you need to prepare to batten down the hatches. Learn more with our just-introduced two-week trial of EWI’s Financial Forecast Service, including instant access to the December, January and February Theorists. Get started […]
The stock market’s current big picture price pattern has never before been seen in 300 years of stock market history. Learn why you need to prepare to batten down the hatches. Learn more with our just-introduced two-week trial of EWI’s Financial Forecast Service, including instant access to the December, January and February Theorists. Get started […]
EURCAD has been in a strong uptrend in recent months, climbing to a more-than 4-year high. The market has stalled after reaching the 1.5300 area. The upper Bollinger band is also capping the market around this area. After breaching 1.5200 the pair accelerated higher to form a top at 1.5303 before falling back to find […]
The US stocks slipped on Tuesday as weak data on home prices and consumer confidence subdued the mood. Report on home prices showed a drop in December, with the longer trend implying a downturn in price recovery. The US consumer confidence index plunged by more than foreseen, showing lower expectations on the economy. The S&P 500 index finished 2.49 […]
Natural gas futures plummeted for the third day in New York, prolonging the steepest decrement in more than six years on speculation the warmer US weather will cut down demand for heating fuel. The contract for March delivery, to expire today, fell 5.2% to $4.832 per million British thermal units in electronic trading on the New York […]
The Australian dollar dropped versus its major counterparts as iron ore prices reached a seven-month low. A gauge of trader anticipations of future currency swings sank to the lowest in more than a year prior to US Federal Reserve Chair Janet Yellen’s testimony tomorrow. Investors are looking for the central bank’s perspective about the economic impact of winter weather. […]
Gold prices relaxed just fractionally on Wednesday, taking a little breather from the metal’s stable attempt on higher ground despite relentless economic concerns. The most recent call to buy came from sluggish home price profits in December. Gold to be delivered in April sank $1.70 to $1,341.00 per ounce in electronic trade, still precise on where it was […]
The US dollar plunged versus a basket of major currencies on Tuesday as mild US consumer confidence data pushed bond yields lower but remained strong against the Yuan, following China’s currency posted its largest fall in three years. The Conference Board’s index of consumer attitudes dropped 78.1 in February, from 79.4 in January. The yield on the benchmark […]
Chinese uncertainty contains markets Morning Report: 08.45 London • This morning, financial markets are still subdued after a lack lustre session on wall street and uncertainty over the direction that Chinese policy makers may be taking. The Chinese renminbi has now fallen for the seventh straight day despite the controls apparently placed on it by officials. […]
Prime Minister Shinzo Abe is making inroads in his push to create connections with Southeast Asian nations as he looks to find a buffer versus Chinese assertiveness while complementing Japan’s alliance with the U.S. In recent months Cambodia sealed a defense transaction with Japan and secured $135 million in infrastructure loans, Singapore expressed understanding for […]
The yen increased the most in more than three weeks versus the dollar as a decline in China’s currency and its stock market stoked concern development in the world’s second-largest economy is slowing. Japan’s currency advanced against most of its 16 major counterparts on demand to unwind carry trades while the Yuan plummeted the most […]
China’s credit-market gauges are triggering alarm bells, as banks grow cautious in lending to each other while investors choose the safest government bonds. The spread between the two-year sovereign yield and the similar-maturity interest-rate swap, a gauge of financial stress, touched 121 basis points on February 19, the widest in Bloomberg data going back to […]
Credit Suisse Group AG supported American clients in hiding as much as $10 billion in assets from the Internal Revenue Service, more than double the amount previously known, according to a U.S. Senate committee. A report by the Senate Permanent Subcommittee on Investigations criticized the Zurich-based bank for failing to discipline any senior executives in […]
Treasuries bolster and the Standard & Poor’s 500 Index pulled back after reaching an intraday record yesterday on indications U.S. consumer confidence is flagging. The yen spiked up amid concern a weaker Chinese yuan will hurt development while natural gas led commodities down. Yields on 10-year Treasuries retreated four basis points to 2.70 percent by […]
USD/CAD Elliott Wave The USD/CAD pair has been trading upwards after the wave [b] (coloured black) completed the down cycle from 1.1193 yesterday at the 1.1048 level. In the 1-hour chart of the pair, we can see that we are tracking this short-term uptrend as sub-waves i and ii (coloured black) of the the bigger […]
Today’s Support and Resistance levels: R3: 1.6567 R2: 1.6538 R1: 1.6498 Current spot: 1.6477 S1: 1.6460 S2: 1.6445 S3: 1.6410 Technical summary: The failure to break clearly above 1.6509 keeps the 1.6445 target alive. Short-term minor resistance at 1.6498 should protect the upside for the last decline towards the 1.6445 target to end wave 2 […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has continued trading upwards, that is why we have adjusted our primary elliott wave count, and we are now looking at the corrective wave B (coloured blue) as the double three correction instead of simple A-B-C pattern. In the 1-hour chart of the AUD/USD pair […]
Today’s Support and Resistance levels: R3: 141.87 R2: 141.29 R1: 140.83 Current spot: 140.62 S1: 140.37 S2: 140.13 S3: 139.74 Technical summary: The minor triangle broke towards the downside for a test of support at 140.13 before renewed upside pressure emerged. Besides the small detour has changed nothing, and we are still looking for a […]
General overview for 26/02/2014 08:15 CET The corrective wave progression to the upside has been temporary labeled as wave (iv) blue and currently another leg to the downside is anticipated to complete the overall impulsive structure. The invalidation line for blue impulsive count is at the level of 1.1111 and any breakout above this level […]
General overview for 26/02/2014 08:00 CET The anticipated wave c purple has been finished and the overall corrective structure in wave (ii) blue might be finished now. Currently, the key level to the upside is at the level of 140.72, where the descending golden intraday trend line provides the dynamic resistance so far. Any breakout […]
EUR/USD: There is still a Bullish Confirmation Pattern in the chart. The price is trading under the resistance line at 1.3750, and above the support line at 1.3700. The EUR/USD is currently consolidating, but a breakout in the direction of the dominant bias is soon expected. USD/CHF: The USD/CHF remains in the bear market in […]
Cautious financial markets in Europe; equities drop again, gold weakens and core government bonds in favour. FX markets steady with US stable and EUR holding ground. Market participants unenthused by performance of Asian and US markets overnight – on Wall Street, the S&P500 failed to make further big moves to the upside. Data out of […]
