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, […]
Automakers have been making cars in Australia since Ford Motor Co. started assembling Model Ts in a converted wool store near Melbourne. That’s on track to be finished in three years, when Toyota Motor Corp. shuts its production lines in Altona about 60 kilometers (37 miles) away. About 50,000 jobs in the country’s auto and […]
Australian policy makers looks at the slight evidence of a decline in China’s economic growth, defying global pessimism that helped wipe $1.6 trillion from stocks this year. The Reserve Bank of Australia and the nation’s Treasury projection the world’s second-biggest economy will expand 7.5 percent this year. The view is underpinned by a 21 percent […]
Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years increased demand and trim down U.S. supply to the weakest in a decade. Money managers bolstered net-long positions, or wagers on surging financial values, by 29 percent in the week ended February 4, the third consecutive […]
Governments from the U.S. to Italy are increasing sales of inflation-linked bonds, wagering consumer financial values will remain in check even after central banks inundated the world with cheap cash. Thirty-five nations issued $1 trillion of the securities in the past three years, the most on record, according to data gathered by Bloomberg. The total […]
Arizona was disregarded by Apple Inc. in 2012 when the iPhone maker chose Texas to establish a new operations hub. Scott Smith, the mayor of the Phoenix suburb of Mesa, was determined to keep history from repeating itself. So last year, when Apple was looking for a place to house a factory that makes a […]
February 11, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold extended its gains from previous days and broke its resistance at $1,279/ounce. The price then climbed all the way to $1,288.2/ounce which is the highest price in almost 3 months. We can see that markets are betting that Janet Yellen’s […]
Johnson Matthey (JMAT.L) the chemicals company has today announced a replacement for Robert Mcleod who recently moved to the role of Chief Executive. The new finance director will be Den Jones who has many years experience working at board level with fellow FTSE company BG group. Chief Executive McLeod commented ”I am delighted that Den will […]
Barclays Bank (BARC.L) reported a sharp fall in adjusted pretax profit showing a 32% drop overall after lower profits and restructuring costs. The company also reported lower adjusted income after falls in head office and investment bank divisions. The companies fourth quarter results were badly affected by exceptional items including a big hit for regulatory […]
Tell me about January and I will tell you about the year Most investors say that a good year for the financial markets has to kick-in with a growth in January in terms of value for most common equities. As it was shown in recent days, 2014 had a rather bumpy start on Wall Street […]
EURUSD: With the pair extending its past week gains on Monday and today, further strength is likely. This development now leaves the pair aiming at the 1.3700 level where a breach will target further upside towards the 1.3739 level followed by the 1.3800 level, its psycho level. This view is consistent with its long term […]
February 11, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold extended gains from previous days and broke its resistance at $1,279/ounce. The price then climbed all the way to $1,288.2/ounce which is the highest price in almost 3 months. We can see that markets bets on dovish testimony of Janet […]
Confidence in Australia’s business sector appears to be on the rise while the housing sector is also showing signs of improvement. This was welcome news, especially since the important mining sector has been on the decline and putting a dent in the economy. According to the National Australia Bank (NAB) monthly business conditions survey, overall […]
Gold price has held its support as noted yesterday and it continues its upward move towards our target of $1,300-$1,320. Gold price remains above the Ichimoku cloud support, continues to make higher highs and higher lows, has not broken any upward sloping trend line support and finally it has broken above its previous important high. […]
The Dollar index continues its bearish trend as it has not managed to break above short-term resistance levels at 81. We are bearish this index since it was above 81.20 and got rejected at 81.40-50 once again. Our target was the lower support trend line near 80.15-20. The index has now fallen below the 61.8% […]
The dollar bode almost a two-week low versus a basket of key currencies on Tuesday after the US session trade subdued, as markets lowered down before the congressional testimony by new Federal Reserve Chairman Janet Yellen today. The dollar index last listed at 80.640, having dropped to 80.590, a low not noticed since January 30. […]
Gold climbs to the highest level since November, as investors evaluated further cut down to US stimulus and Chinese buyers multiplied purchases to prolong last year’s consumption record. Silver, platinum, and palladium increased also. Bullion for immediate delivery incurred as much as 1% to $1,287.81 per ounce, the most since November 18, and settled at […]
Oil futures creep higher in electronic trade on Tuesday, as investors’ attention are on the congressional testimony of US Federal Reserve Chairwoman Janet Yellen. Yellen’s report might shed further light about the US policy outlook. Benchmark US March crude oil gained 3 cents higher to $100.09 per barrel, adding marginally to an 18-cent advance in […]
February 11, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD pair slightly increased yesterday and bounced at its resistance (1.3650)several times. During the Asian session, after the Australian results came out slightly above expectations, the pair jumped up 25 pips as the resistance was broken. We can see some speculation before Janet […]
The pound touched the strongest high in one week versus the dollar prior to an industry report set tomorrow, which the economists postulated will report retail sales accrued in January, adding to evidence the recovery is generating momentum. The UK currency has increased against all except the Swiss franc among its 16 main counterparts in […]
Markets rise ahead of Yellen Morning Report: 08.30 London • Risk markets are on the front foot this morning ahead of Janet Yellen’s first testimony as head of the US Federal reserve. The S&P 500 is pushing higher for the fourth straight session, while the main risk-on FX pairs are enjoying a strong start to […]
February 11, 2014 – Daily Market News Today’s Hot Assets: Gold, USD, WTI Crude Oil Today the new Fed chairwoman, Janet Yellen, will be speaking about the Semiannual Monetary Policy Report before the House Financial Services Committee. Although Yellen isn’t expected to bring anything new to the market, traders are eager to hear any clues […]
Today’s Support and Resistance levels: R3: 141.26 R2: 140.54 R1: 140.03 Current spot: 139.68 S1: 139.17 S2: 138.72 S3: 138.17 Technical summary: The rally from 136.23 extended and has forced us to change the short term count. Our new preferred count shows that a series of waves i-ii is developing. If this count is correct […]
Today’s Support and Resistance levels: R3: 1.6550 R2: 1.6527 R1: 1.6485 Current spot 1.6455 S1: 1.6390 S2: 1.6344 S3: 1.6310 Technical summary: There has been range trading between 1.6417 and 1.6527 since yesterday without much indication of the next direction. However, we still think that a break towards the upside is most likely and will […]
February 11, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD pair slightly increase yesterday and several times bounced on its resistance at 1.3650. During the Asian session after the Australian results came out slightly above expectation, the pair jumped by 25 pips as the resistance was broken. We can see some speculation […]
The S&P paused its long-term rally after reaching all-time highs at 1845.75 on January 2. This level proved to be tough resistance to breach and after stalling around this level for a few weeks, prices fell, breaking below the 50-day moving average and below the key 1800 psychological level. The S&P found strong support around […]
General overview for 11/02/2014 06:25 CET The corrective cycle continues on this pair and currently wave b purple is being made. The is one more wave to the downside left, wave c purple, and then the corrective cycle is over. The target level for wave c purple in regular flat correction is at the level […]
Weekly technical levels of the NZD/USD pair: The movement of pivot point among resistances and supports. If the price is at pivot point, watch for a move back to resistance 1 or support 1. If the price is at resistance 1, expect a move to resistance 2 or back towards pivot point. If the price […]
General overview for 11/02/2014 06:10 CET The golden trend line has been broken and the red bearish count has been invalidated. This means that wave (ii) purple will be either irregular or running correction and when it is finished the downtrend should resume. Only a new high would invalidate this scenario. The target level for […]
The GBP/USD pair failed to fixate above 1.6600 on January 24. Instead, a strong bearish impulse was initiated quickly pushing the pair towards 1.6250. Around 1.6250, previous multiple tops as well as a recent bottom were established. That’s why a considerable support was provided there. On the 4H chart, a price zone of 1.6250 – […]
