Overview: USD/CHF is expected to trade in a lower range. It is undermined by the negative U.S. dollar sentiment and franc demand on buoyant CHF/JPY cross. Daily chart is negative-biased as MACD and stochastics are bearish, five and 15-day moving averages are declining. Trading recommendation: The pair is trading below its pivot point. It is […]
Overview: NZD/USD is expected to trade in a higher range. It is supported by the negative U.S. dollar sentiment, positive investor risk appetite and buoyant commodity prices; hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the weaker-than-expected 1.2% on-quarter increase in New Zealand 4Q retail sales (versus +1.6% […]
Monday’s European Session was relatively quiet since there were no key announcements and the US markets were closed for the Presidents Day holiday. The main theme of the currency markets was dollar weakness, as US data from last week continued to weigh on the greenback. The euro retained gains made against the dollar in the […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
Weekly technical levels of the GBP/USD pair. Notes: Support: 1.6630 Resistance: 1.6870 New range: 85 pips. General overview about pivot points: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets, as the […]
Overview: Since our last analysis, gold has been trading upwards, like we expected, the price tested the level of 1,329.65 on volume below the average. Gold is sill in major bullish corrective phase. We can observe decreasing volume on upper leg, which is a sign that we may see possible bearish movement. We may expect […]
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Japanese economic growth numbers disappointed earlier in the day, as expectations of quarter-on-quarter GDP growth of 0.7% weren’t met. Growth came out at a much lower 0.3%. For 2013, economic growth averaged slightly more than 1.5%. There were two key reasons for the lower-than-expected growth. First of all, private consumption underperformed by rising 0.5% against […]
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:Video market update for April 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe material has been…GBP/USD. April 11th. The US inflation report shocked the… April 11, 2024 […]
The market for collateralize loan commitments in Europe is heading for the busiest opening since 2008 in the middle of indications issuers may be able to overcome new regulations that are crimping U.S. transaction packaging junk-rated buyout debt. At least 2.4 billion euros ($3.3 billion) of the securities have been merchandised or are being marketed, […]
The 18-block euro currency edged higher against the US dollar on Monday as market participants focus on the Eurogroup meeting in Brussels. The euro climbed to its highest level since in three weeks during the Asian trading hours, as it rebounded from $1.3724 to trade nearly flat at $1.3702 against the US dollar at the […]
Crude prices were seen trading slightly higher on the first day of the trading week as the West Texas Intermediate (WTI) climbed slightly higher for the first time in three days. The demand for heating oil in the US strengthened, while downbeat reports from the US such as retails sales and industrial production data weighed […]
The United Auto Workers could be unwillingly be reassess its efforts to organize at foreign-owned factories in the U.S., a labor expert said, as the union committed to keep fighting after missing a closely watched vote at Volkswagen AG’s Tennessee plant. Workers in Chattanooga voted 712-626 on February 14 versus joining the UAW after three […]
Janet Yellen and Mario Draghi have a new reason to regard what International Monetary Fund chief Christine Lagarde calls the “ogre” of deflation: deteriorating confidence in emerging markets. Weaker growth from Brazil to South Africa risks unleashing a “dis inflationary impulse through the global economy,” said Bruce Kasman, chief economist at JPMorgan Chase & Co. […]
The world’s largest retirement fund should put half its $1.2 trillion of assets in stocks and bolster its yearly return target to 5 percent, said the head of a panel that advised lawmakers on overhauling public pensions. Japan’s Government Pension Investment Fund should trim down its bond holdings to about 40 percent within two years, […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6390 on volume above the average. Our previous analysis is still valid. We can observe weak supply (high churn bar) on the market and rejection of our Fibonacci retracement sub major 61.8% around the […]
Weekly technical levels: Overview: It should be noticed that the gap of the EUR/USD pair has opened above the weekly pivot point at the level of 1.3710. Therefore, the market will probably indicate a bullish opportunity at the level of 1.3710 and the weekly pivot point will act as strong support on February 17, 2014. […]
February 17, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued to move up for a 6th day and has again reached a new 3 1/2-month high and climbed up to almost $1,330/ounce. The price is high due to speculation over the Fed’s decision surrounding tapering. With more and […]
February 17, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD pair started the new week very high (above 1.3700) as the U.S. Dollar weakened against most of its peers. The Greenback depreciated due to fears about future tapering. The U.S. market is suffering because of the bad weather which has slowed the […]
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February 17, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold has continued its movement up for the 6th day in a row and again touched new 3 1/2-months maximum and climbed up almost to $1,330/ounce. The price is so high due to speculation over Fed decision over tapering. With more […]
February 17, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD pair started new week very high above 1.3700 as the U.S. Dollar weakened against most of the peers. The Greenback depreciated due to fears about future tapering. The U.S. market suffers because of the bad weather which slowed the economic recovery. Most […]
GBPUSD hit a new 4-year high of 1.6821 on Monday. Bullish sentiment on the 4-hour chart remains strong as prices crossed above the 20, 50 and 200 period moving averages. A buy signal was given February 12 when the 20-period moving average crossed above the 200-period moving average. MACD is rising and in bullish territory. […]
The Dollar index has broken its short-term support at 80.15-20 and has now moved below 80. The index continues to trade within the downward sloping trend channel and continues to make lower lows and lower highs. However, the index is oversold and we believe that a strong upward bounce should be expected soon. Short-term resistance […]
General overview for 17/02/2014 09:45 CET The impulsive wave progression for wave (iii) blue looks finished and now the market is in corrective cycle in wave (iv) blue. The golden trend line is providing the resistance so far, but the overall corrective cycle has not been finished yet. The weekly pivot at the level of […]
The buying strength in Gold has pushed prices above our main price target of $1,320. This target fulfilled our short- and intermediate-term target levels, and we now look for a pullback. Our longer-term view in Gold has now changed a bit. We may first see a move towards $1,400 before resuming downwards towards our longer-term […]
General overview for 17/02/2014 09:17 CET The corrective cycle in current wave is getting more complex and time consuming. The overall shape is being as some kind of a flat correction but there is a possibility, that wave b green might be a triangle formation. Currently, the market is in the daily range area and […]
February 17, 2014 – Daily Market News Today’s Hot Asset: GBP/USD Bad weather in the US continues to slow the economic recovery and to affect data negatively. Mixed data was again released on Friday but a positive consumer sentiment report surprised many investors. After opening lower, stocks regained some ground as investors dismissed other pieces […]
February 17, 2014 – Weekly News WEEKLY REPORT 17/02-21/02 EUR/USD Last week the EUR/USD pair moved sideways first two days between 1.3640 and 1.3680 however once on Wednesday Benoit Coeure (European Central Bank’s member) said that negative interest rates are seriously discussed the pair dropped to 1.3560. However, the sentiment changed almost immediately after and […]
