Here are the latest developments in global markets: FOREX: The US dollar index outperformed on the day against a basket of currencies, falling to 89.97 (-0.22%) as the euro and the pound strengthened. Dollar/yen was gaining positive momentum in the face of uncertainties surrounding the Japanese finance minister and ahead of the FOMC rate decision on Wednesday, with […]
This week, traders will continue to focus on global politics especially in the United States, UK, and the EU. In the United States, the Mueller investigation will continue focusing on Donald Trump and his business. As it was reported a while ago, Mueller had subpoenaed the Trump Organization for documents related to Russia. As Trump […]
This weekend, traders continued to focus on Washington and Trump’s embattled presidency. Late Friday evening, Attorney General Jeff Sessions fired the former FBI Director, Andrew McCabe, a few hours before he was to retire. The firing came from a yet-to-be released report by the Inspector General of the FBI showed that McCabe lied to the […]
DAX is one of the leading market indices in the world. It is comprised of the biggest companies listed in the Frankfurt Stocks Exchange by market cap. In other words, it is the Dow Jones Industrial Average of Germany. The biggest companies in the index are SAP, Siemens, Allianz, and BASF which have a market […]
Gold has been underperforming in the past three days, breaking back below the key level of 1312.50. When looking at the bigger picture the precious metal lacks a clear trend, while in the short-term, technical indicators support a bearish structure. In the 4-hour chart, momentum indicators are pointing to a negative bias with the RSI indicator approaching the […]
Here are the latest developments in global markets: FOREX: The US currency traded less than 0.1% higher versus a basket of currencies on Monday, though it was losing ground versus the yen as those promoting weaker-yen policies were seen as losing public support in Japan. STOCKS: US markets closed mostly higher on Friday, with the Dow […]
EURUSD ended last week slightly lower where it started, while it was sold-off three out of five trading days. The pair remains under significant pressure and risk is still to the downside as prices continue to post bearish days. It is worth mentioning that in the short-term the price has been developing within a sideways channel since January […]
GBPAUD has been on a remarkable rally since yesterday, putting strong efforts into exiting the range-bound trading started in early February. The pair managed to touch the 1.8010 handle today, a level last seen in June 2016, but in the four-hour chart, momentum indicators suggest that the market could be overstretched. Positive sentiment dominates in the market as long as prices hold above their […]
This week, politics in the United States and in Europe dominated the markets. In the UK, Theresa May’s government entered into a conflict with Russia following the poisoning of a former Russian spy. Theresa and the West believe that Russia’s government is responsible for the assassination. As a result, the country expelled Russian diplomats and […]
Today, we received inflation data from the European Union. The data showed that inflation grew less than what analysts were expecting. The data from Eurostat showed that inflation grew by 1.1%. This was down from the analysts’ forecast of 1.3%. A year ago, this inflation data was at 2.0%. The Year on Year core inflation […]
Japanese trade data for February will be made public on Sunday at 2350 GMT. Exports are anticipated to grow for the 15th straight month on a yearly basis, albeit at a much slower pace relative to previous months, and imports are expected to expand for the 14th consecutive month. Yen pairs will be gathering attention as […]
It will be a crucial week for the greenback and sterling next week as the Federal Reserve and Bank of England meet to decide on monetary policy. It will also be an important week for the UK in terms of data as inflation, jobs and retail sales figures are released. Employment numbers are expected out […]
Major US stock market indices have performed very differently in recent days. The Nasdaq recovered all its losses to reach fresh all-time highs, but the Dow Jones is still negative in March. The divergence may be owed to the fact that industrial firms stand to lose more than technology companies in a “trade war” scenario, […]
Join James Trescothick, easyMarkets Senior Global Strategist where he will teach you about candlestick patterns and help you understand how to spot potential entry or exit points. James will also review the FED base rate decision happening on the 21st March REGISTER HERE Date: 20th March Time: 5:00pm – 6:00pm GMT The post […]
The US 30 index has been developing within a symmetrical triangle since January 29 in the 4-hour chart as it failed several times to create higher highs and lower lows. The prices completed numerous days with weak momentum and are trading slightly above the lower boundary of the triangle. Support was met around the 24665 region, forcing […]
GBPJPY has reversed back down again after finding resistance at the two-week high of 149.37 achieved this week. This top is just below the 38.2% Fibonacci retracement level of the downleg from February’s high of 156.60 to March’s low of 145.00. Momentum indicators are pointing to a bearish bias in the short term with the […]
Here are the latest developments in global markets: FOREX: Safe-haven currencies continued to benefit from risk aversion, with dollar/yen diving below the 106 key level near one-week lows, last trading at 105.64 (-0.65%). From the one hand, political turmoil in the US was pressuring the dollar after the Washington Post newspaper reported yesterday that the […]
Here are the latest developments in global markets: FOREX: The dollar traded lower against a basket of currencies on Wednesday on the back of reports suggesting that the White House personnel shakeup would continue. The safe-haven perceived yen was the biggest beneficiary from these reports. STOCKS: US markets ended mixed yesterday, as political uncertainty and […]
Dow Jones Industrial Average is one of the oldest indices in the world. It is made up of 30 of the largest firms in the United States. While the index is closely followed, it does not always give a clear picture of the economy. In addition, the companies that make the index are so large […]
USDCAD has advanced considerably over the last four trading days, hitting an almost 9-month high of 1.3071 during today’s European session. Price action at the moment is taking place not far below this peak, having successfully surpassed the 1.3000 strong psychological level. The technical picture supports that the bullish bias is likely to continue in the short-term. Having a look in the […]
EURNOK declined fiercely after it touched a nine-year high of 9.9912 on December 21. Then in early February, the market managed to recoup some of its losses, but its efforts were not sustainable, and prices reversed direction again to reach a four-month low of 9.4709 today. The RSI is currently increasing negative momentum in bearish […]
While OPEC and its allies have been restricting their output in order to rebalance the oil market, other major producers like the US have taken the opportunity to increase their own production. If this pattern continues, OPEC would likely see a substantial chunk of its market share taken over by the US. The last time […]
Copper futures are challenging the 23.6% Fibonacci retracement level of the upleg at 3.1163 from the low on May 2017 to the high in December 2017. Prices remain under pressure as the 20 and 40 simple moving averages on the daily timeframe are acting as significant resistance levels near 3.1700. Technically, momentum indicators are pointing […]
Sugar is one of the most popular commodities in the world. Every day, it is consumed in its pure form or as a derivative by more than 6 billion people. In the past decades, the number of people who consume sugar has been on the rise in line with the growing population. Asian and African […]
Here are the latest developments in global markets: FOREX: Dollar/yen hovered near one-week lows, last trading at 105.90 (-0.35%) as investors continued to look for safer assets amid worries that the incoming economic adviser, Larry Kudlow, who previously criticized US-China trade relations could back Trump’s plans to impose further import tariffs to China. This comes […]
USDCHF has advanced is recent weeks, distancing itself from the near three-year low of 0.9187 hit on February 16. Last Friday, the pair posted a seven-week high of 0.9534. The short-term bias is looking cautiously positive, with the RSI continuing to rise. The pair has managed to marginally exceed the 50-day moving average line at […]
NZDUSD has been developing within an ascending trend since March 1 after the strong rebound on the 0.7185 support level. Although the pair hit several times the 0.7350 resistance barrier yesterday it failed to have a successful run above it and is currently moving near the 0.7310 price level and below the 20-simple moving average in […]
Here are the latest developments in global markets: FOREX: The dollar was roughly flat versus a basket of currencies on Thursday, though it was losing ground versus the safe-haven perceived yen as risk sentiment was dented on worries over rising trade tensions. Elsewhere, the kiwi came under pressure after New Zealand’s growth numbers fell short […]
USDJPY fell as low as 105.77 during today’s European session and is recording another negative day. The drop below the 108.20 strong resistance level has pushed the price further lower, creating a 16-month low of 105.23. When looking at the bigger picture, in the weekly timeframe, the price has been trying to break the aforementioned level over the last […]
Statistics New Zealand will issue GDP growth figures for the final quarter of 2017 on Wednesday at 2145 GMT. Under a new government and an expansion in monetary mandates, the economy is expected to have grown at the highest pace in over a year, putting a strong foot forward. While this will sound a music […]
