Long-term trading success depends on more than the right trading method: adequate capitalization, money management skills and emotional discipline are also vital. Yet it isn’t always easy to put your finger on which elements of trading success may cause you to struggle in the markets. Elliott Wave Junctures editor Jeffrey Kennedy shares some of his […]
Long-term trading success depends on more than the right trading method: adequate capitalization, money management skills and emotional discipline are also vital. Yet it isn’t always easy to put your finger on which elements of trading success may cause you to struggle in the markets. Elliott Wave Junctures editor Jeffrey Kennedy shares some of his […]
Sterling lost ground against the dollar on Tuesday after weaker-than-expected Confederation of British Industry’s (CBI) realized sales data. Figures showed that a survey of 118 UK businesses, including 69 retailers, found that retail sales volumes in the year until March 2013 was flat.Their business outlook was grim, given the underlying ongoing economic weakness in the […]
Overview The H4 chart demonstrates today that yesterday silver failed to break the strong Support area of the downward trend line with the Support level 28.45 and is still trading between the Support level 28.45 and the Resistance level 29.00. If the pair manages to break this Support area and closes 4H below it, it […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair was trading upwards, impulsive wave 5 (coloured blue) of the bigger wave (3) (coloured green) was developing. During the Monday’s Asian and European sessions we could observe strong ascending movement from 1.0431 towards 1.0479 level (daily high).Therefore, during the New York session this currency […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair was trading downwards and our invalidation point was broken, so we must change our primary wave count a little bit. Yesterday, during the Asian and European sessions we could observe descending movement from 1.0233 towards 1.0187 level and we can consider this move as the […]
FOREX Daily Outlook by Easy-Forex.com Cyprus deal pushes euro lower The euro (EUR) saw its largest drop in weeks against the US dollar (USD) moving from a high of 1.3047 to 1.2829. The single currency, currently moving just above 1.287 has come under pressure after yesterday’s deal on Cyprus. The “Cyprus Precedent”, as the press […]
In March 2009, stock prices were at a 12-year low, and the Dow Industrials were down 54% from the 2007 peak. You’d have needed to search far and wide to find someone calling for a rebound. Most investors feared that more of the same was ahead for stocks. But on the very day the Dow […]
Once again the British pound was stable amid the situation in the European Union. At the end of the trading session it dropped 60 points. Bank of England Governor Mervyn King delivered speech at London School of Economics and it contained general information. Today at 14:00 GMT+4 George Osborne, Chancellor of the Exchequer, speaks. At 15:00 […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro stable despite continued bank closureMorning Report: 08.30 London • This morning, markets are stable after some late session volatility in the US last night. Cyprus still dominates the news flow, with banks now expected […]
Asian currency markets were subdued on Tuesday following risk off sentiment from yesterday. Euro fell to a four month low of $1.2829 in the US session on concerns over the euro zone debt crisis. During the Asian trade the pair consolidated losses, currently trading at $1.2870. The euro had initially risen on Monday to $1.3047 […]
During the whole week most of the markets were quite calm, but this is just the hush before the storm. Fundamental trends’ breakthroughs are coming in the major currency markets! The USDX market According to the Commitments of Traders report published on Friday 22nd hedgers continued aggregating lower net positions. Despite the fact the USD […]
The euro is flat against the dollar as it goes into the US trading session. The euro had made a 0.4 percent gain in the Asian trade after markets reacted positively to a Eurogroup deal on Cyprus overnight, that eased fears of another crisis in the euro zone. EURUSD hit a high of $1.3047 into […]
On Friday IFO Business Climate Index in Germany in March was 106.7 vs. expectations for 107.4. Data on the 3-year LTRO was published and it was 1.936 billion euros against 6.815 billion in the previous week. The drop in number may be regarded as the banks are preparing for possible low liquidity amid the situation […]
On Friday the British pound grew moderately amid the trends on the market. Meanwhile, continuation of growth is expected today amid positive pertaining to solution of Cyprus’ problem. Today at 13:30 GMT+4 data on UK BBA Loans for House Purchase in February is issued, forecast is 33.6K against 32.3K. Britain places 10-year and 30-year yields. […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro nudges higher as Cyprus bailout confirmedMorning Report: 08.30 London • This morning a new Cyprus bailout has been confirmed with small depositors now protected. The news has been greeted with a lukewarm response from […]
EUR/USD: In spite of what is happing in the eurozone, this pair has been able to shrug off its bearish pull. In tandem with some other currency instruments, the pair is poised for a long-term recovery journey to the upside. But I would wait for the EMA 11 to cross above the EMA 56 before […]
The euro rose against the dollar briefly breaking above $1.30 on Friday on optimism that a crisis in Europe may be averted. The US trading session was clearly more upbeat, also helped by a rally in equity markets. There is relief that the contagion will be contained in Europe and there is confidence that the […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair was trading upwards, just like we expected, impulsive wave (3) (coloured pink) of the bigger wave 3 (coloured blue) was developing. Yesterday, during the Asian and European sessions we could observe strong descending movement from 1.0257 towards the 1.0197 level and we can consider this […]
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 the eurozone and the US was worse than expected. In the eurozone in March PMI Manufacturing was 46.6 vs. forecast for 48.2, PMI Services was 46.5 vs. expectations for 48.2. The US flash manufacturing purchasing managers index rose to a 54.9 reading in March from 54.3 in February. US Existing home sales […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen rebounds as Cyprus drama continuesMorning Report: 08.30 London • This morning, markets are neutral with a negative bias as the yen comes in for some buying speculation. The Cyprus situation is still without resolution […]
EURUSD: On this pair, the dominant trend on this pair has been bullish. In spite of the turbulent situation on the market, it is probable that the pair would continue to move downwards. There is still a bearish indication on the chart, and if continues as expected, the price may touch the support line at […]
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 bearish channel at 1.2960 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 1.3040. Technical indicators provide sell signals and until the resistance is not broken the assumption of a […]
Markets were calmer in the Asian session as the weekend looms and investors are unwilling to enter new positions ahead of uncertainty. The yen extended gains from yesterday as the concerns in the euro zone debt crisis fuelled appetite for the safe haven Japanese currency. Also helping support yen was few details from the Bank […]
Today’s support and resistance levels: S1: 122.02 R1: 122.92 S2: 121.83 R2: 123.44 S3: 121.56 R3: 123.98 Technical overview: The decline from 124.50 has become much bigger than we anticipated and that is, of course, a concern, […]
Risk was off during the US session on Thursday, as investors waited on the sidelines for developments in the euro zone where renewed concerns over the debt crisis have been ignited. Meanwhile weak economic data from the region earlier in the day weighed heavily on the single currency. The purchasing managers’ (PMI) index for both […]
Overview: NZD/USD is trading with positive bias. The rate is underpinned by stronger-than-expected 1.5% on-quarter growth in New Zealand 4Q GDP (vs +0.9% forecast); Kiwi demand on softer AUD/NZD cross after NZ GDP data; positive risk sentiment; NZD-USD yield gap. But NZD/USD gains tempered by New Zealand Finance Minister Bill English’s comment that the drought […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair was trading sideways, so we adjust our primary count a little bit. Yesterday during the Asian and European sessions we could observe ascending movement from 1.0368 towards the 1.0404 level and we can consider this move as the end of the sub-wave (D) (coloured […]
