The euro plummeted against most major counterparts after dismal economic data out of Europe on Thursday. Germany, which is the euro zone’s largest economy and seen as the region’s powerhouse, published weaker than expected data with regards to its manufacturing activity. German manufacturing purchasing managers’ (PMI) index fell to a seasonally adjusted 48.9 in March […]
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 […]
Yesterday data on Current Account in Eurozone was published. In January it was unexpectedly strong, 14.8 billion euros against forecast for 7.9 billion. The euro rose till the moment Ben Bernanke’s speech. The Chairman said the Federal Reserve would alter its monthly bond buying in response to gains in the job market, underscoring a need […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro dips on French economic dipMorning Report: 08.30 London • Markets had a mixed overnight session as stronger than expected Chinese manufacturing data rubbed up against continued confusion over Cyprus. This morning, markets have dipped […]
RECOMMENDATION: BUY stop (pending order) at 124.59. Take profit. 1 at 124.97. Take profit. 2 at 125.59 (optional). Stop loss at 123.98. Alternative: SELL stop (pending order) at 123.89. Take profit. 1 at 123.69. Take profit. 2 at 123.37 (optional). Stop loss at 124.22 Best regards, Arief Makmur Official Analyst […]
Today’s Support and Resistance levels: S1: 1.5620 R1: 1.5676 S2: 1.5584 R2: 1.5720 S3: 1.5550 R3: 1.5771 Technical overview: It was clear that we needed to fill the gap and now when it is more or less […]
The spot rate approaches the upper limit of its medium-term bearish channel at 1.3030 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators do not provide clear signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have […]
The spot rate approaches the upper limit of its medium-term bearish channel at 1.5180 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators provide sell signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened […]
Gold is currently testing the intermediate resistance of its medium-term bearish channel at 1,618 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 1,643. Technical indicators provide buy signals, but until the resistance is not broken the assumption of a decline is […]
The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 124.60 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 127.30. Technical indicators provide buy signals, but until the resistance is not broken the assumption of a […]
The yen edged higher against the dollar and euro in Thursday’s Asian session. The new Bank of Japan Governor Haruhiko Kuroda begins his new term in office today. Kuroda has pledged for more aggressive policy easing. More monetary stimulus will tend to weaken a currency, so in the longer term yen is bearish. USDJPY opened […]
EUR/USD: This market has been very volatile this week. Irrespective of the current rally in the market, the EUR/USD would still fall further. The price is still moving below the resistance line at 1.3000, and when it does fall further, it would go lower to the support line at 1.2900. USD/CHF: Strictly speaking, the market […]
TODAY’s TECHNICAL LEVELS: Breakout buy level: 1.3000. Strong resistance: 1.2993. Original resistance: 1.2980. Inner sell area: 1.2967. Target inner area: 1.2937. Inner buy area: 1.2907. Original support: 1.2894. Strong support: 1.2881. Breakout sell level: 1.2874. DESCRIPTION: Today EUR/USD has support and resistance at 1.2894 and 1.2980. The rate is accompanied by strong support at 1.2881 […]
RECOMMENDATION: Buy stop (pending order) at 1.5126. Take profit at 1.5140. Stop loss at 1.5116. Alternative: Sell stop (pending order) at 1.5074. Take profit at 1.5060. Stop loss at 1.5084. Best regards, Arief Makmur Official Analyst of InstaForex Group InstaForex Group http://instaforex.com Email: [email protected] Yahoo Messenger & Skype: Arief.ifx_jakarta blog.mt5.com/arief http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer: Trading […]
Today’s support and resistance levels: S1: 123.87 R1: 124.50 S2: 123.48 R2: 124.85 S3: 123.16 R3: 125.36 Technical overview: We still need a break above 124.87 to confirm that wave iii of 5 is developing. As long […]
Dollar traded lower against risk currencies in Wednesday’s North American trading session as markets were more upbeat today and the Federal Reserve helped support sentiment. Against the safe haven yen dollar surged. The Federal Reserve announced it will continue its bond-buying policy at $85 billion a month to prop up the US economy. The markets […]
EUR/USD: The EUR/USD has reiterated its bearish determination. The EMA 11 is below the EMA 56, and the Williams’ Percent Range has gone into the oversold area. The price is expected to trend further downwards; the support line at 1.2850 would eventually be breached to the downside. USD/CHF: The bias on this market points northwards. […]
The British pound was the biggest mover in the European session on Wednesday, outperforming against most major counterparts. Sterling jumped higher against the dollar and euro after much better-than-expected UK employment data showed the lowest claimant count level since June 2011. GBPUSD recovered losses made early in the London session when the pair fell to […]
Today’s Support and Resistance levels: S1: 122.03 R1: 122.75 S2: 121.83 R2: 123.21 S3: 121.64 R3: 123.71 Technical overview: The rally from 121.56 has already exhausted at 124.13 followed by a deep correction to 121.83. If wave […]
Sterling jumped higher against the dollar and euro after much better-than-expected UK employment data on Wednesday. Data showed the lowest claimant count level since June 2011, giving optimism for the British economy. The official unemployment rate remains steady at 7.8 percent. The data come ahead of a key budget announcement by UK Chancellor of the […]
Today’s Support and Resistance levels: S1: 1.5629 R1: 1.5655 S2: 1.5584 R2: 1.5689 S3: 1.5550 R3: 1.5730 Technical overview: The gap from 1.5776 down to 1.5704 has not been closed, that could be another sign of major […]
The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.2830 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1.2730. Technical indicators provide sell signals, but until the support is not broken the assumption […]
Yesterday data on UK Inflation was released. It accelerated to the fastest pace in 9 months in February. PPI Input was 3.2% against 1.3% in January and forecast for 1.7%, PPI Output was 0.8% vs. 0.2%. Core Consumer Price Index was 2.3% against forecast for 2.2%. Retail Price Index dropped from 3.3% to 3.2% and […]
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 […]
FOREX Daily Outlook by Easy-Forex.com Euro rebounds after Cyprus bailout plans The euro (EUR) edged higher against the US dollar (USD) after dropping on news of the Cyprus bailout in which small depositors would be hit by a 6.75% tax on their deposits. The pair is currently trading above 1.2945 as it looks like the […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets lift again ahead of FedMorning Report: 08.30 London • This morning, financial markets are on the rise again after a mixed session on Asian. The move comes despite Cyprus approaching Russia for formal assistance […]
Currency markets was calm during the Asian session, with most major currency pairs consolidating after much volatility on Tuesday due to renewed concern over the euro zone debt crisis. The euro hovered at a four-month trough against the dollar. EURUSD tumbled 0.8 percent yesterday to $1.2843, the lowest since November 22 last year. Sterling remained […]
The dollar index, which measures the dollar against a basket of six major currencies, rose to 82.893, up from 82.639 in late US session trading on Monday and well above 82.277 recorded late Friday. Risk averion in markets today helped prop up the safer US currency. Euro fell to a four-month low against the dollar […]
The British pound received a slight boost against the dollar and euro on Tuesday after UK inflation data showed an increase to a nine-month high in February . GBPUSD hit an intraday high of $1.5143 and EURGBP fell to 0.8551. Markets saw this rise in inflation as reason that the Bank of England may shy […]
Currency markets were calmer today with most currency pairs consolidating in yesterday’s ranges after a shock sell-off early Monday ignited by renewed euro zone debt crisis concerns. The bias is will for a stronger dollar which was supported by stronger US new home construction data today. New building permits were given to start construction on […]
