Daily chart: The USDX fell to a critical level, as the support level of 80.11 was quite strong and served as strong support for the USDX for several weeks. However, if the USDX does make a breakout at that level, it would be expected to fall to the level of 79.19. On the other hand, […]
Daily chart: GBP/USD consolidated above the support level of 1.6663, after a fairly positive week, within which the bullish bias strengthened sharply. The next target for this pair is the resistance level of 1.6851, but it is very likely that the GBP/USD will start forming a bullish pattern to continue rising. However, we must be […]
GOLD: With GOLD bullish and rallying through the 1,279.12 level the past week, further strength is expected into the new week. Resistance resides at the 1,350.00 level with break of here turning focus to the 1,400.00 level. Further out, resistance comes in at the 1,450.00 level, its psycho level and possibly higher towards the 1,480.00 […]
EURUSD: EUR looks to extend its bullish offensive with eyes on the 1.3739 level. A cut through here will aim at further upside towards the 1.3800 level, its psycho level. Further out, resistance is seen at the 1.3850 level and then the 1.3900 level. Its weekly RSI is bullish and pointing higher supporting this view. […]
USDCHF: With a follow-through on the back of its previous week losses occurring at the end of the week, further downside is expected. As long as USDCHF trades and holds below the 0.9156/0.9079 levels this view remains valid. Minimum support lies at the 0.8902 level, its Jan 24 2014 low where a violation will push […]
The EUR/USD was trading higher at the end of the week, as stronger than forecast German GDP data extended the pair’s gains. The pair soared in mid-week trade after a survey administered by the European Central Bank showed professional forecasters were upbeat about Eurozone growth prospects in 2014 and 2015. According to experts, the Eurozone […]
The EUR/GBP pair wrapped up a tough week on the downside, as investors continued to prop up the much more attractive pound. Sterling received a boost earlier in the week after the Bank of England hinted at a rate hike as early as 2015, while acknowledging that the unemployment rate would fall to 7% by […]
The USD/CAD was in consolidation mode, after a subdued week of trade saw the pair decline by half a percent. The Canadian dollar has been mildly stronger over the past two weeks, as an improving business climate and five consecutive months of GDP growth in Canada reduced the likelihood of a rate cut in 2014. […]
February 14, 2014 – Indices News Asian markets aside from Japan have climbed today on better than expected performance in the healthcare sector. Japan however, is dealing with a stronger yen that is hurting the income that many of its companies receive through exports. All in all, analysts are noting that equity markets will remain […]
Overview: USD/CHF is expected to trade in lower range. It is undermined by the negative dollar sentiment and franc demand on the buoyant CHF/JPY cross and on the soft EUR/CHF cross. But the USD/CHF losses are tempered by the positions adjustment before weekend. Daily chart is negative-biased as the MACD is in bearish mode, stochastics […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the negative dollar sentiment, positive investor risk appetite, buoyant commodity prices, hawkish Reserve Bank of New Zealand’s monetary policy stance and kiwi demand on the soft AUD/NZD cross. But the NZD/USD gains are tempered by the positions adjustment before weekend. Daily chart […]
Looking ahead it will be a relatively busy week, with important events and releases for the Japanese yen, the British pound and the euro. Strangely enough it will perhaps not be as important for the US dollar although some US events will need to watched. The week will start relatively quietly as Monday is a […]
Hello eTorians, Are you ready for Valentine’s? You surely prepared for it in one way or the other and probably did not forget to check the markets. The eToro community shared their thoughts (and videos) about Valentine’s on the eToroExperience wall. You still can join the promotion or watch and enjoy the wonderful videos and […]
The euro and the sterling were the best performers during the week, rallying against a broadly weaker dollar which came under pressure as a result of soft US data this week. The dollar only got temporary relief earlier in the week following new Fed Chair Janet Yellen’s testimony at a Congressional sub-committee hearing in which […]
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 […]
Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,319.29 on average volume. 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. Anyway there is a space for more upward […]
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 […]
Stocks in the European market were seen little changed on Friday as market participants awaits gross domestic product (GDP) reports from Germany, France, Italy and the rest of the countries in the eurozone. The European Euro Stoxx 50 dropped 0.01% lower at 3,098.50, while the French CAC 40 declined 0.07% to 4,310.80. The German DAX […]
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: 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. […]
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 […]
