Lack of the bullish steam seemed to exist during the last few weeks and the pair seems to be under negative pressure which was manifested on March 26 in the massive bearish daily candlestick. Bearish rejection around 1.0300 was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair gave […]
Looking at 1.5060 which was tested on Thursday, the GBP/USD pair expressed quite significant bullish price action leading towards 1.5230 which represents the upper limit of the depicted movement range. Today few hours ago, the GBP/USD pair challenged Friday’s high at 1.5362 failing to consolidate above. Instead, it is showing some bearish rejection which […]
Ex-British Prime Minister, Margaret Thatcher, died on Monday at the age of 87 years old. Thatcher was the first female British Prime Minister and was named the “Iron Lady” due to her tough and outspoken policies during her term in office from 1979 to 1990. She won three election victories as leader of the UK […]
The European Session was quiet on Monday with the absence of key economic data releases during the session. Most currency pairs consolidated after high activity on Friday following the US nonfarm payrolls. However, most of the focus today was on the Japanese yen. The yen reached its weakest in nearly four years as a result […]
On Friday the pound followed the euro’s growth. US Unemployment Rate dropped to 7.6%, data on Nonfarm Payrolls was weak; it was only 88K. We (as well as many columnists from Wall Street) consider the data will once again be revised upwardly, even though the size of economically active population steady decreases every month (the […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
On the whole, Friday’s data on the US was strong and the markets moved upwards. US Trade deficit in February shrank to $43 billion vs. $44.5 billion in January. Non-Farm Employment Change in March was 88K, the lowest for the last 9 months. The unemployment rate fell, 7.6% against 7.7% in February. However, data on […]
AUD/USD Elliott Wave Last week the AUD/USD pair was trading downwards, corrective wave C (coloured blue) of the bigger wave (4) (coloured green) was developing. During the Friday’s Asian and European sessions we could observe descending movement from 1.0436 towards 1.0353 level. Therefore, during the early New York session this currency did not manage […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading upwards, just like we expected, impulsive wave 1 (coloured blue) of the bigger wave (5) (coloured green) has been developing. During the Friday’s Asian and European sessions we could observe strong ascending move from 1.0129 towards the 1.01235 level and we can […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen extends slumpMorning Report: 08.30 London • This morning the yen pairs have gapped higher after the Bank of Japan started to implement its long term purchases. Aside from this, markets are generally positive, though […]
The yen began the new trading week by extending losses against most major currencies as investors continued the sell off in the currency due to the Bank of Japan’s pledge to ease monetary policy. The central bank announced that it would expand its bond purchases within two years to fight deflation, and reports have emerged […]
In the rest of this 23-minute video packed with charts, figures and commentary, Prechter explains: How the impact of social and financial events like 9/11 and the Enron scandal on stocks is shocking in a different way than you think. The surprising relationship between interest rates and stocks. Why oil prices have zero predictive value […]
EUR/USD: The EUR/USD has now carried a long signal on it. Following a serious battle between the bear and the bull, the market went upwards by roughly 280 pips last week. There is a Bullish Confirmation pattern in the chart, and the price could go as far as the resistance line at 1.3100 in this […]
This week, the AUD/USD will try to test the support at 1.0354. If this level is breached by this currency, then it will be going to test the 1.0316, although there is still a small probability that this currency will try testing a strong resistance at 1.0384-1.0388. Best regards, Arief Makmur Official Analyst […]
Weekly technical levels: Note: Use the M15 time frame to determine the low and the high price of today, yesterday or the day before yesterday, because it is more precise. The best indicator to use in this case is ZigZag’s indicator. In order to be able to insert ZigZag in your chart, you should follow […]
The dollar weakened against the euro and other currencies after a dismal US jobs report on Friday, disappointing markets which had expected a higher number than the 88,000 jobs created in March. Expectations were for at least 190,000. Meanwhile, February’s numbers were revised up to a 268,000 gain, that was higher than the first estimated […]
FOREX Weekly Outlook by Easy-Forex.com Weekly Outlook – 11th March 2013 USD/JPY soaring as US Data Improves Last week’s currency trading review USD/JPY persistently strong US data is helping the Yen pair tofresh multi year highs with February US Nonfarm payrolls beating expectationsat 236k vs. 160k forecast and the Unemployment Rate dropping sharply to 7.7%vs. […]
Looking at 1.5250 which was tested on Monday, the GBP/USD pair expressed quite significant bearish price action followed by the bearish engulfing candlestick that lead the pair towards 1.5150. Breakdown of support level around 1.5150 allowed a quick movement towards the major support around 1.5070 that expressed quite strong bullish reaction. Today few hours […]
Lack of the bullish steam seemed to exist during the last few weeks and the pair seems to be under negative pressure which was manifested on March 26 in the massive bearish daily candlestick. Bearish rejection around 1.0300 was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair […]
Yesterday the euro managed to recover positions after it was under the downward pressure that led the U.S. dollar to 1.2730 level, finding strong support in the daily fractal. However, at the end of the day it closed above the 200 day moving average periods (blue) which increases the probability of an upward movement of […]
The Australian dollar shows a bearish signal on the daily charts. Recently we had noticed that this pair should fall, believe that the decline is not over as the Aussie should stop performing in support of daily fractal 1.03. In view that now the pair is below the 1.0445 fractal it increases the likelihood that […]
Yesterday the British pound managed to recover from the downward pressure that led it until support levels of short-term bullish channel. This pair has a strong resistance in the 1.5278 area, daily fractal level. If you look at the chart, this pair is still below the long-term bearish channel. Therefore, it will be hard to […]
Overview Proceeding from today’s H4 chart, the pair took a strength bullish trend yesterday and managed to trade out of the bearish channel after breaking the Resistance area 142.00-142.50 and currently is testing the Support level 145.85. If the pair bounces from this support level and continues its bullish movement, we will get a good […]
Overview The H4 chart demonstrates today that silver is still trading around the Support level 27.00 and currently is trying to break it through to continue its bearish trend. If silver manages to close 4H below it, it provides a good opportunity to sell below the Support level 27.00 with a level target of 26.60. After […]
Overview: USD/JPY is consolidating with bullish bias as markets await U.S. March Non-Farm payrolls (expected to have increased by 200,000) and unemployment rate (expected to have stayed at 7.7%). USD/JPY surged three-and-a-half yen on Thursday to 96.42 after Bank of Japan exceeded market expectations with the scale and pace of expansion in its asset-purchase program […]
The dollar weakened sharply against most major counterparts after a huge disappointment in US jobs data. The much anticipated nonfarm payrolls report showed that only 88,000 jobs were created last month, the smallest in nine months, much lower than forecasts of 200,000 jobs. Meanwhile, February’s numbers was revised up to a 268,000 gain, that was […]
Overview: USD/CHF is consolidating with bearish bias after hitting eight-day low of 0.9379 on Thursday as markets await U.S. March Non-Farm Payrolls (expected to have increased by 200,000) and unemployment rate (expected to have stayed at 7.7%). USD/CHF is undermined by negative USD sentiment. But USD/CHF losses tempered by positions adjustment before weekend. Daily chart […]
Overview: GBP/JPY is consolidating with bullish bias as markets await U.S. Non-Farm Payrolls report. GBP/JPY is supported by more-aggressive-than-expected BOJ asset-purchase program aimed at achieving its 2% inflation target; positive global risk sentiment; demand from Japan importers. But GBP/JPY gains tempered by Japan exporter sales; positions adjustment before weekend. Daily chart is positive-biased; MACD and […]
Technical outlook and chart setups: As seen here, after printing fresh lows since last few trading sessions, the metal has finally produced a bullish reversal signal (Tweezer Bottom) around sub 26.00 level. Considering this region as the support band for several months, it is recommended to initiate fresh long positions now (26.90/95). Support is just […]
Short overview: The price is probably going to form a strong support at 0.9400 (23.6% of Fibonacci retracement levels in the H1 to H4 chart). The saturation is likely to take place around 0.9400. Therefore, it is possible that the market will start showing bullish signs. The daily pivot point is set at the level […]
