Easy Forex Daily Forex Report 30-05-2013
May 30, 2013 9:45 amVideo
Latest News
- Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA – 3/8 Murray) April 25, 2024
- Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray) April 25, 2024
- Analysis of GBP/USD on April 25th. The dollar suffered a local defeat to win the war April 25, 2024
- USD/JPY: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- EUR/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: trading plan for the US session on April 25th (analysis of morning deals). The pound continued its recovery April 25, 2024
- EUR/USD: trading plan for the US session on April 25th (analysis of morning deals). The dollar is ready for GDP data April 25, 2024
- Euro turns to GDP and inflation data for a lifeline – Preview April 25, 2024
- Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA April 25, 2024
- Technical Analysis – NZDUSD advances after bounce off 5-month low April 25, 2024
- Midweek Technical Look – GBPUSD, EURJPY, Gold April 25, 2024
- Amazon earnings set for AI-driven cloud and ads boost – Stock Markets April 25, 2024
- EUR/USD. April 25th. Bulls continue to advance and expect a weak US GDP report April 25, 2024
- GBP/USD. April 25th. Bulls take advantage of weak US statistics April 25, 2024
- Overview of the GBP/USD pair on April 25, 2024 April 25, 2024
- Overview of the EUR/USD pair on April 25th. The dollar may start to get cheaper at the end of the year, after the arrival April 25, 2024
- Technical Analysis – EURUSD creates bullish channel in near term April 25, 2024
- Forex forecast 04/25/2024: EUR/USD, USDX, Gold and Bitcoin from Sebastian Seliga April 25, 2024
- Market Comment – Yen tumbles to fresh lows, dollar awaits GDP April 25, 2024
Gold on bearish outlook
The euro (EUR) continues to slide against the US dollar (USD) as the pair trades at just above 1.3080. The single currency has found strong resistance at 1.3140 after it had risen from a 6 month low. The pair is heavily influenced by fundamentals such as the Cyprus bailout which has set forth a new agenda for managing country’s in debt.
Gold (XAU) dropped a whole 150 dollars per troy ounce since Friday as the market re-evaluates its value. The yellow metal is now trading just above 1447 after news that the Central Bank of Cyprus may sell a large amount of its gold as part of a bailout deal with international lenders; such moves are incorporated in pricing in any possible effects of a Portuguese or Spanish bailout.
The US dollar (USD) is losing against a strengthening Japanese yen (JPY) as the US treasury urged Japan to refrain competitive devaluation. The pair, currently at 98.02 is expected by any analysts to strengthen further as Japan goes ahead with monetary easing.
Weekly option volatilities for the EURUSD have dropped to 8.00 as fear leaves the market amid thin news and option premiums edge lower. A good opportunity to bet on the market moving sideways.
Stay in tune throughout the day with foreign exchange bullets !
Movers & Shakers
USDCAD
The US dollar (USD) spiked up in yesterday’s opening against the Canadian dollar (CAD) moving above 1.0190 from 1.0135 on Friday’s close. The pair, which is on a bearish trend for the past month, does not miss a chance to give traders another chance to enter.
Outlook
EURUSD Pivot Point 1.3070 with a preference to go LONG at 1.3070.
Sentiment is 40% of deals to buy EUR
USDJPY Pivot Point 98.85 with a preference to go SHORT at 98.85.
Sentiment is 43% of deals to buy USD
GBPUSD Pivot Point 1.5385 with a preference to go SHORT at 1.5385.
Sentiment is 59% of deals to buy GBP
AUDUSD Pivot Point 1.0475 with a preference to go SHORT at 1.0475.
Sentiment is 51% of deals to buy AUD
GOLD Pivot Point 1495 with a preference to go SHORT at 1495.
Sentiment is 66% of deals to buy GOLD
OIL Pivot Point 91.30 with a preference to go SHORT at 91.30.
Sentiment is 50% of deals to buy OIL
US 500 Pivot Point 1530 with a preference to go LONG at 1530.
Sentiment is 12% to buy US 500
UK 100 Pivot Point 6373 with a preference to go SHORT at 6373.
Sentiment is 37% to buy UK 100
Calendar
EUR – Trade Balance at 09:00 (GMT) Forecast 9.9B
USD – Empire State Manufacturing at 12:30(GMT) Forecast 7.2
USD – TIC Long Term Purchases at 13:00(GMT) Forecast 41.3B
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