The main developments during the European session were weakness in the euro and strength in the British pound as a result of key fundamental news releases today. The euro tumbled against the dollar as European Central Bank Executive Board member Benoit Coeure signaled the ECB may impose negative deposit rates. In an interview with Reuters, […]
Overview Based on today’s H4 chart and according to our yesterday’s expectations, the pair might take new bullish signals in case of closing 4H above the resistance level of 168.50 after it was tested yesterday. Today, the pair took an upward movement and managed to break the strong resistance area keeping its move above the […]
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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 […]
Aerospace company Rolls Royce (RR.L) today announced a new deal with Lockhead Martin to supply 600 engines for C-130J Hercules aircraft. The agreement secures the Rolls-Royce AE 2100 as the engine of choice for all variants of the C-130J to 2025. The engine agreement will service US Government and International contract requirements between 2014 and 2018. […]
Overview: Since our last analysis, gold has been trading upwards, like we expected, the price tested the level of 1,293.82 on ultra high volume (buying climax). Since the price has tested the level of 1,293.82, we have got our upper station at the price of 1,292.00 (FR 61.8 %). If the price breaks the level […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested the level of 1.6275 on ultra high volume (selling climax). We can observe selling climax at the price of 1.6275 which is sign that selling at this stage looks risky. The area of 1.6300-1.6280 is major support since we’ve got […]
Almost 300 people in total attended the seminars in Malaysia on the 8th February in Kuala Lumpar and the 9th February in Petaling Jaya. The attendees comprised of both traders and introducing brokers. The seminars were presented by Tradepedia’s Avramis Despotis, a certified instructor and portfolio manager with a rich background in the forex industry. […]
One can only assume that as he rested against the trunk, sheltering himself beneath the mighty oak’s shade, it hit him – maybe even literally. An educated guess; we know how constricting old timey clothes were and while England isn’t exactly famous for its warm climate, a rest is always welcome after a long day […]
February 12, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold moved up and touched its new 3-months highs. The price turned on $1,293.5/ounce and slightly decreased to $1,285/ounce. The price was reacting on the Fed testimony. First it dropped as the investors saw the actual report and did not find […]
February 12, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD pair strongly reacted on the yesterday’s testimony of Janet Yellen before U.S. lawmakers. The pair first erased the previous movement up which was made by speculation. Traders awaited more dovish report and due to worse-than-expected labor data maybe even change in a […]
Crude prices advanced to its highest level on Wednesday after China released its upbeat trade data for January and reports showed distillate stockpiles dropped last week in the US, the world’s biggest oil consumer. WTI for March delivery rose 0.55% higher to trade at $100.49 per barrel on the New York Mercantile Exchange at the […]
Gold prices dropped from its highest level since November as advance in stocks reduced the demand for the metal. Stocks were seen trading to its highest level in over two weeks, as the Federal Reserve’s (Fed) new Chairwoman Janet Yellen made her first speech before congress on Tuesday in which she hinted the Fed will […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
Markets extend Yellen bounce Morning Report: 08.30 London • Financial markets are on the rise this morning after Janet Yellen confirmed her commitment to Quantitative Easing. • The risk-on currencies of the Australian and New Zealand dollars are also performing well after Chinese imports and exports came in above estimates. • Precious metal commodities by […]
February 12, 2014 – Stock Market News Today’s Hot Asset – Daimler AG Stocks in Europe are currently trading higher today. Stocks were trading higher following the Janet Yellens testimony yesterday combined with upbeat Chinese trade data. This gave investors a huge boost of confidence and allowed them to start investing in stocks more freely […]
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Gold price continued its upward trend towards our $1,300-$1,320 target. The trend remains up. Gold price makes higher highs and higher lows. Support trend line remains below Gold price confirming bullish trend. Ichimoku cloud in the 4 hour chart remains support. Gold price has reached $1,293 only $7$ away from our target. We believe that […]
The Dollar index remains in downtrend but has found support above the 76.4% Fibonacci retracement at 80.40-45 which was also a previous consolidation area. If prices continue to trade above 80.40, then the index will increase chances of making another upward move towards 81. Short-term resistance is found at 80.80-85. Breaking above this level will […]
EUR/USD: This is a bull market and it is understood that it would not go in a straight line. The price is projected to go northwards. There is now a temporary pullback on the EUR/USD, but there is a target at the resistance level of 1.3700. The support level at 1.3600 is a ready hurdle […]
Today’s Support and Resistance levels: R3: 1.6476 R2: 1.6419 R1: 1.6348 Cureent spot: 1.6309 S1: 1.6287 S2: 1.6238 S3: 1.6214 Technical summary: The break below support at 1.6344 indicates that a more complex correction is unfolding, than we expected. Wave E is allowed to decline to support at 1.6214 but it can not break below […]
Today’s Support and Resistance levels: R3: 140.54 R2: 140.30 R1: 139.93 Current spot: 139.78 S1: 139.28 S2: 138.72 S3: 138.17 Technical summary: Support at 139.50 did protect the downside for one last rally higher towards 140.30 (just 5 small pips above our 140.25 target). We are now looking for a break below support at 139.28 […]
General overview for 12/02/2014 09:00 CET: Complex corrective structure looks finished and impulsive wave development can be noticed from the level of 1.1090. This progression has not been finished yet and there is two more wave needed to complete the cycle. The nearest resistance is at the level of 1.1001 and the target for wave […]
February 12, 2014 – Daily Market News Today’s Hot Assets: EUR, GBP Janet Yellen testified yesterday for the first time as Chairwoman of the Federal Reserve. She stated that the Fed will most likely continue to taper the monetary stimulus if incoming information supports the expectation of continued improvement in the labor market conditions and […]
The Toyota Motor Corp. will revoke its 1.9 million Prius hybrid vehicles worldwide to fix the software glitch on Wednesday. The Japan-based automaker said the faulty software could slow down or halt the car. The affected vehicles are the third generation of the Prius, the company’s flagship gasoline-electric powered car, that was produced since March 2009. The material has […]
On the sixth day, Asian stocks soared high while the Australian dollar strengthened to its highest peak in a month. The copper led profits in base metals after the Chinese trade outdone postulations. The South Korean won and Malaysian ringgit also ascended. The MSCI Asia Pacific Index gained 1.2% as of 12:44 p.m. (Tokyo time). A benchmark […]
The natural gas climbed on the second day despite speculation the US inventories of the heating fuel dropped more than its average last week, as cold hyped demand. Futures increased 4.2% in New York, prolonging its 5.4% profit yesterday. Analysts predicted supplies would drop by 232 billion cubic feet in the week ended February 7 prior to the […]
The latest winning streak in gold was in peril on Wednesday, with prices for the precious metal broke out after having surged 7% so far this year. Gold to be delivered in April delivery sank $3.80 or 0.3%, to $1,285.90 per ounce, while Silver to be delivered in March missed a nickel to $20.11 per ounce. Standard Bank’s […]
The dollar plunged against the British pound and the Australian dollar on Tuesday, following the data that amplified growth in the UK and Australia, while investors assessed the report from the US Federal Reserve Chairwoman Janet Yellen. Her testimony also cited the Fed would trim its monthly bond buying if the economy would keep on improving in line […]
European stocks bolster for a fifth day as Federal Reserve Chairman Janet Yellen promised to continue trimming down stimulus as the economy strengthens. Car makers logged the largest increase among 19 industry groups in the Stoxx 600 after Goldman Sachs Group Inc. boosted its progress estimate for auto sales in western Europe. Michelin & Cie. […]
