Overview: Since our last analysis, the EUR/NZD pair has been trading downwards the price tested the level of 1.6447 on lover volume volume. Currently, we are in progress of smaller bearish corrective phase. I placed Fibonacci levels to find potential end of bearish corrective phase and i got FR 61.8 % at price 1.6400, so […]
A breakout above the previous resistance level of 1.3450 allowed the bulls to push within the bullish channel to hit higher levels around 1.3650 then 1.3750. This bullish momentum took place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Instead, breakdown of the depicted bullish channel took […]
Overview: Since our last analysis, gold has been trading downwards, as we expected, the price reached our first target level at 1,260.00 (submajor FR 38.2 %) on average volume.Our next down station is FR 61.8 % at 1,250.00.We also got major FR 38.2 % at 1,243.00. We can observe rejection from our FR 38.2% and […]
FTSE100 and other european indices all inched higher this morning, rebounding slightly from their worst levels for almost 6 weeks. Sentiment is expected to remain fragile, however as investors await news from the Federal Open Market Committee meeting tomorrow. The Fed is expected to continue scaling back its asset purchases this month. The impact of […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – US Home Sales set the pace for Markets – 27 January 2013 Written by the easy-forex team Currencies The euro (EUR) remained buoyant against the dollar after rising from 1.3530 to 1.3693 before the weekend. The single currency remained range bound since. Today’s events, including […]
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, […]
January 28, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold returned down to $1,252/ounce during yesterday’s trading hours. The price has reacted to speculation over the FOMC meeting where we expect another cut in monetary stimulus to $65 billion/month. The physical demand also remained weaker as the price jumped to […]
January 28, 2014 – Daily Market News Today’s Hot Assets: GBP, USD US stocks fell yesterday amid concerns that emerging market economies may slow down. Uncertainty regarding Fed stimulus is also still present and affecting markets negatively. The Fed meeting is currently in progress and will conclude tomorrow. At the close of U.S. trading, the […]
January 28, 2014 – Forex News Hot asset for today: GBP/USD On the first day of the week the EUR/USD pair moved sideways without higher volatility. The pair slightly increased to 1.3715 after the better-than-expected German Ifo Business Climate results but fell afterwards to 1.3650. Today we should pay attention to U.S. Core Durable Goods […]
Markets shrug off Apple miss Morning Report: 08.45 London • Financial markets extended their losing run last night, after Apple missed earnings estimates. However, markets are putting in a good rebound this morning, erasing all of yesterday’s losses. • The main ‘risk on’ pairs of the AUD/JPY, AUD/USD and NZD/USD are performing well, with […]
The emerging market turmoil in recent days led to safe haven buying of the yen, putting USDJPY under pressure. As focus shifts away from EM to the Federal Reserve policy meeting this week, this is favouring the dollar again. USDJPY bounced off 7-week lows of 101.74 reached on Monday and climbed towards the key psychological […]
Landlord, British Land (BLND.L) rose this morning after a positive update. The company reported like-for-like occupancy rose 30 points to 97.1% for the quarter. The companies statement highlights include an improved position in both Offices and retail and a strong financial position. Chris Grigg, Chief Executive said: ”We have had a good third quarter and the business is […]
Gold price has been rejected at the important resistance of $1,270-80 we have been talking about for some time. If you see our previous analysis you will see we were targeting $1,270 as the target to end the upward corrective move from $1,180. The rise from the lows at $1,180 is not impulsive. Gold price […]
The Dollar index has almost reached our target of 80.10. The index made yesterday a low at 80.15 and bounced upwards towards the broken support at 80.40. Now trading above 80.50, the short-term trend has reversed to up and there are increased chances that we will see a test of the 81 price level. Short-term […]
General overview for 28/01/2014 08:30 CET The lack of an immediate bullish bounce to the upside above the area of 141.01 – 141.14 prevents from ruling out a more downside wave development possibility. Currently the market is at the very important key level zone and breakout higher is needed to confirm the low for wave […]
Today’s Support and Resistance levels: R3: 1.6643 R2: 1.6599 R1: 1.6558 Current spot: 1.6491 S1: 1.6492 S2: 1.6463 S3: 1.6410 Technical summary: We have seen the expected decline towards support at 1.6492 to finish the flat correction, which has developed the last couple of days. Once this flat correction is finished, we should expect a […]
Today’s Support and Resistance levels: R3: 141.43 R2: 141.03 R1: 140.70 Current Spot: 140.44 S1: 140.12 S2: 139.68 S3: 139.15 Technical summary: As expected the resistance in the 140.50 – 140.78 (the high has been 140.70) protected the upside, but we still need a break below support at 139.68 to confirm that a top is […]
January 28, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold returned down to $1,252/ounce during yesterday’s trading hours. The price has reacted on the speculation over the FOMC meeting where we expect another cut in monetary stimulus to $65 billion/month. The physical demand also remained weaker as the price jumped […]
January 28, 2014 – Forex News Hot asset for today: GBP/USD On the first day of a week the EUR/USD pair moved sideways without higher volatility. The pair slightly increased to 1.3715 level after better-than-expected German Ifo Business Climate results but fell afterwards to 1.3650. Today we should pay attention to U.S. Core Durable Goods […]
General overview for 28/01/2014 08:10 CET The idea of a price formation called head and shoulders yesterday did not work out really and it has been abandoned for now. Instead of that the count has been updated and now it suggest a possible top in this market. The downside reaction is not that much impulsive […]
The risk-off sentiment in the currency markets has dwindled as the emerging market worries have waned for now and focus shifts to the Federal Reserve policy meeting on Wednesday. Expectations of continuation of Fed tapering has provided support for the dollar. In its last meeting in December, the Fed announced it will trim its bond […]
EUR/USD: The Bullish Confirmation Pattern on the EUR/USD is still valid and the price would go further upwards after it leaves the current consolidation phase. The Williams’ % Range has retraced southwards a little that means there is a hidden weakness in the market – a good point from which the price can rise further. […]
The global deterioration of equity markets paused overnight in Asian markets, a day after stocks in the region fell to six-month lows. Slowing growth in China together with Fed’s tapering of QE prompted fresh fears about the outlook for emerging markets. Last week’s slide in the Argentinian peso after the central bank there halted policies […]
European markets have opened higher today, as investors mulled over corporate earnings from several European companies. However, investors mostly avoided taking big bets before the Federal Reserve monetary policy meeting that is scheduled to commence today. Closer home, investors eyed preliminary data that might show that the nation’s economic growth expanded 2.8% YoY in the […]
When the European market opens, some economic news will be released such as German Import Prices m/m. The US will release the most important economic data such as the US-Core Durable Goods Orders m/m, US-CB Consumer Confidence, US-Richmond Manufacturing Index, so amid the reports, EUR/USD will move with low to medium volatility during this day. […]
In Asia, Japan will release the CSPI y/y and the US will release some economic data such as US-Core Durable Goods Orders m/m, US-CB Consumer Confidence, US-Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session. TODAY’s […]
The biggest event yet to come on Wednesday through the Fed decision expecting for $10 billion tapering. The yellow metal has already factored it, rallied towards 2-month’s high. Chinese physical demand ahead of lunar New year celebrations and weakness in the US dollar makes gold more attractive. Gold made a 5-week upmove in the weekly […]
Technical outlook and chart setups: 1. At the moment, Silver remains unchanged, trading within $19.50 and $20.20/30. It is recommended to remain flat and look to initiate longs towards the sub $19.00 region. 2. Immediate resistance is at $22.00, while supports are spread through $19.30/40, followed by $19.00 and $18.75 respectively. 3. Structure reveals that […]
A slide in emerging forex markets was led by the Argentina’s peso and Turkish lira. Global macroeconomic data was mixed, with the euro zone PMI reading for January showing a recovery, while China’s GDP fell to a 14-year low of 7.7%. The biggest 1-day fall of Argentina’s peso on last Thursday was more than a […]
Technical outlook and chart setups: 1. The metal has retraced from its recent highs at $1,276.00/79.00. It is still expected to fall further in a corrective manner though, hence recommendations are to remain short for now. Risk remains a $1,283.00/84.00. 2. Immediate resistance is at the $1,290.00/95.00, while supports are spread through $1,230.00, followed by […]
