Most major currency pairs traded well within yesterday’s ranges, with few market moving news headlines today. There was economic data out today with regards to German consumer confidence and UK revised GDP but the market will likely take its direction from more important events such as Eurozone inflation data on Friday and Fed Chair Yellen’s […]
On Tuesday, 25th February, the Chinese Yuan dropped at a rate which drove it outside the plus or minus 1% level from a midpoint set by the People’s Bank of China. This was a relatively rare occurrence. The dollar rose by 1.3% compared to its mid-January low of 6.04 to reach 6.126 by the end […]
For a website to serve any purpose at all, it needs traffic. And in the exact same sense, a business can only survive if it has customers. This is precisely why the businesses of the world spend vast amounts of money trying to drive traffic in the direction of their websites and – perhaps most […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report -The Precious metal continues its rally – 26 February 2014 Written by the easy-forex team Currencies The euro (EUR) range bound between the levels of 1.3710 and 1.3768 against the US dollar (USD). The pair consolidates around the level of 1.3740 and anticipates for more news […]
February 26, 2014 – Stock Market News Today’s Hot Asset – Disney Stocks in Europe are currently trading lower today. Investors within the region are feeling slightly pessimistic today, as they consider the future of China’s economy. Even positive German consumer climate data being released was not enough to bring optimism back to the market. […]
February 26, 2014 – Forex News Hot Asset For Today: GBP/USD The EUR/USD traded choppy during Tuesday’s session with no real change in price by the end of the day. As of the beginning of the week the pairing has essentially not changed, and as a result, it appears that the market is simply grinding […]
Gold prices were seen trading flat on Wednesday; holding on to gains seen in the previous session, the US dollar edged lower following the release of the downbeat US consumer confidence reports. Traders are keeping an eye on the expected US housing report due later today, while a speech from Boston’s Federal Reserve (Fed) President […]
The North American WTI crude traded near the lowest price on Wednesday, dropping from its four-month high. While reports revealed Cushing stockpiles declined and market participants waits for reports from the Energy Information Administration (EIA) which will be released later in the day. West Texas Intermediate (WTI) for April delivery dropped by 0.20% to $101.59 […]
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 […]
