February 3, 2014 – Binary Options Monthly News There are many important financial events which are scheduled to take place this month. Keeping an eye on the following data will help bring successful binary options trading. This month’s main events – Monday February 3 – Friday February 28: 02/03/2014 Japan Vehicle Sales YoY 02/03/2014 IT PMI Manufacturing 02/03/2014 […]
General overview for 03/02/2014 11:00 CET The ending diagonal formation in wave (v) blue has been finished and market rejected higher prices by making sudden sell-off. We can count five impulsive waves from the top and the support for the wave 5 red is at the level of 1.1029. This is the level of technical […]
General overview for 03/02/2014 11:00 CET The ending diagonal formation in wave (v) blue has been finished and market rejected higher prices by making sudden sell-off to the downside. We can count five impulsive waves from the top and the support for the wave 5 red is at the level of 1.1029. This is the […]
After U.S. stocks bolstered 30 percent last year and almost everything went up, measures of Standard & Poor’s 500 Index price momentum are declining just as concern mounts that emerging markets will snuff out the increase. Almost 160 companies in the benchmark gauge for American equities exchanged under their average level over the past 200 […]
The Dollar index has managed to reach the important resistance at 81.50 once again, but in the short-term we witness another rejection at this important resistance level. It is not a good sign for bulls that prices get rejected once again. However the Dollar index has visited the 81.50 resistance level twice in a short […]
Hedge funds raised bullish gold wagers by the most since July and merchandised copper holdings as emerging-market turmoil increased concern the global economy will slow and boosted demand for precious metals as a haven. The net-long position in gold climbed 40 percent to 60,672 futures and options in the week ended January 28, U.S. Commodity […]
Even as Bill Gates weighs giving up his title of chairman of Microsoft Corp., he’s on track to remain involved at the firm he co-founded in an area of its deepest need: crafting must-have products. As the board prepares to appoint Satya Nadella as Microsoft’s next chief executive officer, it’s considering replacing Gates as board […]
Gold price is now near the critical support of $1,238-33. Short-term trend is down as the price pattern from recent highs at $1,279 is making lower lows and lower highs. This reversal from $1,270 area was expected since the longer-term resistance at $1,270-80 had been very strong. We expect Gold price to continue this downward […]
February 3, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD finished below 1.3500 last week (it’s lowest price since November 22nd). The price was pushed down by the stronger U.S. Dollar and the uncertain EU economic outlook. The EU CPI showed a 0.7% increase instead of the expected 0.9%. This increased speculation […]
Ben S. Bernanke’s decision to start withdrawing unprecedented policy stimulus is gifting Australian counterpart Glenn Stevens the looser conditions he wants without bringing down the interest rates at a time of accelerating inflation. The Aussie has relinquished 7.1 percent in the past three months, the most among Group of 10 currencies. A 10 percent decline […]
USDJPY: The pair remains vulnerable to the downside following its last week losses. A follow through lower is snow underway suggesting further decline with eyes on the 101.50 level a possibility. A cut through here will call for a run at the 101.00 level where a breach will turn attention to the 100.00 level, its […]
The euro was 0.1 percent from its weakest point in more than two months on concern weakening inflation pressures in the region will trigger the European Central Bank to ease financial policy. The yen pulled back against all 16 major counterparts after official Chinese data on February 1 showed manufacturing expanded in line with the […]
February 3, 2014 – Commodities News Hot Asset For Today: Gold Price of Gold slid to $1,238/ounce on Thursday and again on Friday as the physical demand from China calmed down due to New Year’s holidays. Today we might see less volatile market influenced mainly by stock market. We saw last week that bearish sentiment […]
The euro is close to a 10-week low versus dollar on Monday, following a dull euro zone inflation data revitalized speculation the European Central Bank (ECB) may ease policy to turn away deflation. Concerns on capital flight from emerging economies also kept traders away from risk assets, bolstering the yen over growth-sensitive and high-yielding currencies. […]
The Rupee turned minimally lower as state-run banks were seen purchasing dollar in order to meet defence needs, foreign banks shield prior to Reserve Bank of India’s (RBI) reference rate setting. “There was some initial front-running on the mobile auction payment-related inflows that are expected in the next few days. However, subsequently dollar demand rose,” […]
Key currency pairs traded slightly changed on Monday in Asia, with the US dollar settling a little higher than its level late last week. The ICE dollar index, which monitors the US unit against six other currencies, advanced 81.283 from 81.247 late Friday. Also, the WSJ Dollar Index went up 74.46 from 74.44. The euro […]
February 3, 2014 – Daily Market News Today’s Hot Assets: EUR , USD US stocks fell on Friday after weak fourth quarter earnings. Markets are also still reacting to the Federal Reserve’s decision to further cut the monetary stimulus. At the close of U.S. trading, the Dow Jones Industrial Average was 0.94% lower and the […]
The US crude futures plummeted in early Asian trade on Monday about worries over oil demand, following a factory growth in China, the top 2 oil consumer in the world, loosened in January to a six month low. US oil missed 31 cents to $97.18 per barrel in thin trade with Chinese markets closed for […]
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Asian stocks dropped as the regional benchmark gauge extended its sharpest monthly slack since May, following the slowdown in Chinese manufacturing growth, which added concern to a worldwide economic recovery, is unsteady. Hokkaido Electric Power Co. (9509) fell 8.4%, the major loss in the MSCI Asia Pacific Index, as the Japanese index predicts a whole […]
Hedge funds increased bullish gold wagers by the most since July and sold copper possessions as emerging market turmoil accelerated concern the worldwide economy will slow down and raised demand for precious metals as a harbor. The net-long position in gold bounced 40% to 60,672 futures and options last January 28, as per the US […]
AUDUSD has been range- bound since reaching a more-than 3-year low of 0.8659 on January 24. The pair is consolidating ahead of a key risk event on Tuesday, when the Reserve Bank of Australia is expected to keep rates on hold. The reduction of easing expectations is keeping the pair supported above this 0.8659 level. […]
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February 3, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD finished last week below 1.3500 – the lowest price since November 22nd. The price was pushed down by stronger U.S. Dollar and uncertain EU economic outlook. The EU CPI showed 0.7% increase instead of expected 0.9%. That increase speculation over possible further […]
Today’s Support and Resistance levels: R3: 1.6748 R2: 1.6713 R1: 1.6670 Current spot: 1.6623 S1: 1.6560 S2: 1.6493 S3: 1.6419 Technical summary: Black wave iii ended slightly earlier than expected 1.6792 (the high of wave iii came in at 1.6748). We are now in black wave iv, which ideally will meet support at 1.6560 for […]
Today’s Support and Resistance levels: R3: 139.23 R2: 138.66 R1: 138.24 Current spot: 137.89 S1: 137.39 S2: 136.97 S3: 136.67 Technical summary: We have finally seen a break below the base channel support line, which heralds acceleration lower. In the short term we will be looking for minor resistance at 138.32 to protect the upside […]
Last week’s risk-off tone filtered through to the start of the new trading week while caution is also keeping markets subdued ahead of a risk-filled week. The Bank of England and European Central Bank both hold policy meetings on Thursday. Meanwhile, the Reserve Bank of Australia is also having a policy meeting on Tuesday. One […]
February 3, 2014 – Weekly News WEEKLY REPORT 03/02-07/02 EUR/USD Last week the EUR/USD pair decreased by 1.73%. The pair mainly fell on Thursday – the day after Fed announced another cut in monetary stimulus (from $75 billion/month to $65 billion/month). On Thursday and on Friday we saw that German and EU CPI came out […]
Trepidation in European equity markets on first trading day of the month as investors in the region await PMI manufacturing data out of the euro zone, UK and the US. The euro zone PMIs should confirm an encouraging picture of manufacturing activity in the region since the start of the year. Stronger business confidence out […]
European markets have opened slightly higher today, as investors awaited a slew of economic data from the European countries, due today, to gauge the direction of the market momentum. However, gains were limited as China reported a slowdown in its manufacturing activity on Friday and a drop in its services activity earlier today. Closer home, […]
