Crude prices were seen dropping lower as futures for the West Texas Intermediate (WTI) dropped on the last day of the trading week, dragged lower by the downbeat US retails sales in January and weekly jobless claims. WTI for March delivery dropped 0.41% trading at $99.94 per barrel on the New York Mercantile Exchange at […]
Today’s Support and Resistance levels: R3: 140.30 R2: 140.07 R1: 139.99 Current spot: 139.45 S1: 139.21 S2: 138.88 S3: 138.17 Technical summary: We are still not impressed with the wave behavior, but we are getting close to an important decision point, which will determine whether we are looking at red wave (iii) lower towards 132.13. […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested the level of 1.6324 on average volume. Our previous analysis is still valid. We can observe weak supply on the market and testing of our Fibonacci retracement sub major 61.8% around the price of 1.6320. The area of 1.6300-1.6280 is […]
Today’s Support and Resistance levels: R3: 1.6525 R2: 1.6477 R1: 1.6430 Current spot: 1.6370 S1: 1.6350 S2: 1.6305 S3: 1.6253 Technical summary: I’m still looking for support at 1.6350 to protect the downside for a break above resistance at 1.6430 confirming a move higher towards 1.6525 and a break here will confirm that wave E […]
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 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated section of Forex…What’s next for markets amid Israel-Iran tensions? – Special… April 16, […]
Most Asian stock markets rally on Friday, with Hong Kong shares on track to finish their best week since November, though Japanese stocks shot lower as the yen bolstered versus the dollar. Sentiment in Asia on Friday was aided by a positive session on Wall Street, where stocks advanced despite weaker-than-assumed readings on retail sales […]
Australian stocks climbed higher in early Friday trading action, helped by some strong profits results locally and increases for U.S. equities. The S&P/ASX 200 progressed by 0.4% to 5,330.60, with Rio Tinto Ltd. recorded a 1.3% uptrend after reporting a steep swing to yearly earnings in 2013 and raising its dividend. Some of its rivals […]
Hong Kong stocks slashed down earlier advances Friday after China reported a slightly faster-than-expected consumer inflation of 2.5% in January. The Hang Seng Index rallied 0.5% to 22,308.39, after exchanging as much as 1% greater in the open. China’s biggest residential developer Vanke Property Overseas Ltd. relinquished 0.3% after the company’s influential Chairman Wang Shi […]
Japanese stocks bolster at the opening of trading Friday, lifted after U.S. stocks recorded an increase on upbeat corporate profits and deal developments. The Nikkei Stock Average rallied 0.8% to 14,644.42, and the broader Topix edged 0.7% higher to 1,207.46, with the local equity market also helped by slight recovery in the U.S. dollar versus […]
India raised almost $10 billion from a bidding of wireless spectrum that saw billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. emerge as a possible competitor to Vodafone Group Plc and Bharti Airtel Ltd.. The government got 375.7 billion rupees ($6 billion) of bids for the 1,800 megahertz band in 22 regional zones and 235.9 billion […]
The world needs to adjust to the Federal Reserve’s tapering, Australian Treasurer Joe Hockey said, backing a stimulus trim down by the U.S. that triggered market turmoil and emergency measures in some emerging markets. “It’s not something that hasn’t been foreshadowed,” Hockey said in an interview in Canberra yesterday. “The world can no longer rely […]
European stocks slide lower, ending their longest winning streak of the year, as firms from Rolls-Royce Holdings Plc to BNP Paribas SA reported results. Rolls-Royce sagged down the most since August 2000 after predicting sales will decline and will not be able to advance this year for the first time in a decade. BNP Paribas […]
Argentine bonds will possibly continue this month’s largest advance in emerging markets after the government revealed a new inflation index that’s the most concrete indication so far that it’s ready to move away from policies that have alienated investors for more than a decade. Consumer financial values bolstered 3.7 percent in January from a month […]
Traders are betting the Canadian dollar decline too far, too fast in its weakest opening to a year in more than four decades, as surging commodities prices and a projection budget surplus damp speculation for interest-rate trims. The cost to insure versus the loonie weakening further decline to the worst in three years, and analysts […]
U.S. stocks march higher, after the Standard & Poor’s 500 Index ended a four-day rally yesterday, as profits and a $45.2 billion takeover of Time Warner Cable Inc. overshadowed a surprising decrease in retail sales. Treasuries soared and natural gas appreciated. The S&P 500 rose 0.6 percent to the topmost performing mark since January 22 […]
The bank, Lloyds banking Group (LLOY.L) received a boost this morning, which may help stem the falls after yesterdays results release after an upgrade by JPMorgan. Lloyds was upgraded to overweight from neutral and JPmorgan says it sees further upside despite the recent lowered forecast released by Lloyds when releasing their results, saying the results […]
Gold price has continued higher towards our $1,300 target and has even reached $1,310 getting closer to our second target of $1,320. Gold is now getting some overbought signals and has reached intermediate-term resistance. Chances have increased now for a potential pullback. The trend remains up and we still have no sell signal in any […]
The Dollar index has broken its important short-term support at 80.40 that we mentioned and moved towards our target of 80.10-20. Now it stands right on top of a major trend line support that if broken could push the index towards 79. The rejection at 80.80 was important as it signalled more weakness and confirmed […]
Trading recommendations: According to previous events, the price of the USD/CHF pair has still been moving between the price of 0.8970 and the 0.8880 price. Psychological level has set at the 0.9025 price. Therefore, sell deals are recommended below the 0.9025 level with targets at the level of 0.8903 in order to form a double […]
February 14, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD pair jumped up to 1.3685 after the ECB Monthly Report was released yesterday at 9.00AM (GMT). The Report pointed to an upward impact on annual inflation. The pair remained high after the U.S. Retail Sales showed lower-than-expected figures and hurt the U.S. […]
EURUSD broke a resistance level at 1.3691 on Friday to reach 1.3712, opening the path for a move higher towards the next resistance level (R1) at 1.3738 (January 24 high). Failure to breach this level would reinstate the downside bias the pair has in the long term. In the past 3 weeks, the pair has […]
Last fall, the editor of Elliott Wave International’s Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms, offers a very clear outlook for the market. What is a triangle? It’s a corrective pattern, meaning that it moves in the […]
Last fall, the editor of Elliott Wave International’s Currency Pro Service, Jim Martens, observed a beautiful pattern in the chart of the Japanese yen. This pattern, called a triangle in Elliott wave terms, offers a very clear outlook for the market. What is a triangle? It’s a corrective pattern, meaning that it moves in the […]
Our friends at Elliott Wave International have just announced the start of a rare, free event for forex traders at elliottwave.com: Forex FreeWeek, Feb. 11-19 Now through noon on Feb. 19, test-drive their trader-focused Currency Pro Service — at no cost to you. You get 100% free access to all the charts, forecasts (intraday and […]
Our friends at Elliott Wave International have just announced the start of a rare, free event for forex traders at elliottwave.com: Forex FreeWeek, Feb. 11-19 Now through noon on Feb. 19, test-drive their trader-focused Currency Pro Service — at no cost to you. You get 100% free access to all the charts, forecasts (intraday and […]
Silver Hits Winning Streak Morning Report: 08.30 London • Markets have a slight negative bias this morning, though are generally holding recent gains thanks to in line Chinese inflation figures. • Commodities are doing very well this morning thanks to an off colour US dollar. Silver has reached its highest level since November, while gold continues […]
February 14, 2014 – Daily Market News Today’s Hot Assets: USD US data disappointed the market again yesterday. Retail sales and Initial Jobless Claims were both below expectations. Stocks fluctuated throughout the session but after positive company earnings. At the close of the US session the S&P 500 had gained 0.58% and the Dow Jones […]
February 14, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued its movement up for the 5th day in a row and again touched new 3-months maximum and finally broke its $1,300/ounce psychological level. It might be the biggest weekly increase since October 2013. Bad weather condition in U.S. […]
Gold futures extended its biggest gains since November in electronic trading on Friday, as the US economic report increased haven demand. Gold to be delivered in April gained $5.60 or 0.4%, to 1,305.70 per ounce, incurring to Thursday’s $5.10 profit on the Comex of the New York Mercantile Exchange. The surge came as SPDR Gold Trust assets expanded […]
Natural gas advanced on Friday, heading to a win for the week after a bigger decline in supplies of the commodity. In electronic trade, natural gas in March accrued 7 cents or 1.3%, to $5.29 per million British thermal units. That prolonged the 40-cent rally or 8.3% on last Thursday’s regular session in the New York Mercantile Exchange. The […]
