Overview: USD/JPY is expected to trade with bearish bias. Liquidity is thin as financial markets in several countries in Asia and Europe were shut today for a holiday. USD/JPY is undermined by the negative dollar sentiment (ICE spot dollar index last 79.50 versus 79.81 early Wednesday) on much weaker-than-expected 0.1% annual rate expansion in U.S. […]
Overview: USD/CHF is expected to trade in lower range. As financial markets in Switzerland were shut today for holiday. USD/CHF is undermined by the negative dollar sentiment. But CHF sentiment are dented by the surprise drop in Switzerland KOF economic barometer to 102.0 in April (versus forecast for rise to 107.2) from an upwardly revised […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the positive risk appetite, negative dollar sentiment, kiwi demand on soft AUD/NZD cross and NZD-USD interest differential. But NZD/USD gains are tempered by the concerns over China’s economy and weaker commodity prices. Daily is chart mixed as MACD is bearish, but stochastics […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Volatility picks up ahead of the FOMC statement -30 April 2014 Written by the easy-forex team Currencies The euro (EUR) retraced from its high at 1.3878 all the way down to 1.3800 against the US dollar (USD). The single currency lost previous gains after the […]
Labor Day is an annual holiday to celebrate the achievements of workers. For many countries, “Labor Day” is synonymous with, or linked with, International Workers’ Day, which occurs on 1 May. Today most of the stock markets are closed… And yet, we still have several major events coming from the U.S. Market, we will be following them closely with you. So welcome to our […]
You might remember our good friend Professor Sandy Pentland of MIT from the study he and his colleague Dr. Yaniv Altshuler conducted on eToro back in 2011, as well as from the live video hangout on sustainable trading that Professor Pentland did with us in 2013. A few months ago, Professor Pentland published yet another article […]
Overview Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.6067 on volume above the average. We can observe that our Fibonacci expansion level of 100% at the price of 1.6244 held successfully and that caused price to go downwards. According to the daily […]
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:Video market update for May 10, 2024 May 10, 2024 Potential for the further rally on USDJPYThe material has been…Weekly Forex Outlook: 10/05/2024 – US inflation numbers to… May 10, 2024 […]
USDCHF: With USDCHF turning lower on the back of a loss of upside momentum, further downside is likely. It now eyes a return to the 0.8769 level where a break will turn focus to the 0.8750 level. A cut through here will set the stage for a run at the 0.8700 level and subsequently the […]
Dollar Slipping Lower On Taper Talk Morning Report: 08:00 London • This morning, the dollar index continues to dip after the FOMC confirmed it would continue to taper its asset purchase program as the economy picks up. This has been bad news for the US dollar, but so far has had a mild positive effect on […]
Trading recommendations: According to the previous events, the NZD/USD pair has still been moving between 0.8630 and 0.8603. Sell at 0.8660 (the weekly resistance 2) with the first target at the 0.8630 price, then it will call for downtrend in order to continue its bearish movement towards 0.8590 in order to test this strong support […]
Overview: The support has broken at the level of 0.8812. The last weekly pivot point has set at the same price (0.8817). So, the level of 0.8817 is going to become resistance on May 1, 2014. Additionally, the psychological level has set at the 0.8812 price because it is representing teh weekly pivot point. Also, […]
The Dollar index has broken below short-term support at 79.50 and is heading lower towards its lows at 79.20. In previous posts we mentioned that short positions were preferred at current levels than long ones. The trend is down also in the short term as the price has fallen below the Ichimoku cloud and continues […]
General overview for 01/05/2014 09:20 CET The price is moving inside of a corrective channel in wave ii black and if the labeling is correct, this upward, overlapping corrective cycle is about to be finished and a downward trend should resume. The key resistance zone is between the levels of 141.14 – 141.79. Any breakout […]
General overview for 01/05/2014 09:00 CET The market is currently in a corrective cycle of wave 4 red. The possible shape for this cycle looks like a triangle for now and the according labeling has been provided on chart. The most important intraday resistance is at the level of 1.0982 and only a breakout higher […]
EUR/USD: By all means, this is a bull market and short trades would be illogical at present. The price is staying above the support line at 1.3850, going towards the resistance line at 1.3900. The aforementioned support line is thus a barrier to any possible southward pulls along the way. USD/CHF: In reality, this pair […]
Yesterday after the fed announcement, Wall Street closed at a new highest level. Today, Euronext will be closed, only the FTSE will be open, but we will continue to quote most of the major European indices. The FTSE should open slightly higher today following the enthusiasm of the fed announcement, and the new all time […]
On a daily basis IronFX Head of Global FX strategy Marshall Gittler comments on the world economies and speaks about the forex calendar of economic announcements. Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: […]
Daily chart: The USDX has made a bearish rebound at the 79.75 level, so it is very likely that the USDX will fall to the support level of 79.19. If the USDX does make a breakout at that level, it would be expected to fall to a support level of 78.55. For now, the bearish […]
Daily chart: GBP/USD has made a breakout at the resistance level of 1.6851. Now, the next target for this pair is the resistance level of 1.7000. However, this pair is expected to form a bullish pattern to continue rising. The bullish bias in the GBP/USD is very strong, so it is advisable to keep putting […]
Today, some European markets are closed because of a Bank Holiday, but the US will release the economic data such as the Fed Chair Yellen Speech, Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Natural Gas Storage, Total […]
In Asia, today Japan will not release any economic data, but the US will release some economic data such as Fed Chair Yellen Speech, Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Natural Gas Storage, Total Vehicle Sales. […]
USD/CAD The pair has been in a downtrend at 1.1053 levels. We recommended yesterday buying at cmp and on dip. The same strategy we are following today. As of now, the pair opened today on a bullish note. In Asia’s trading session the pair is trading at 1.0970 levels. On the down side, the level […]
Technical outlook and chart setups: 1. The EUR/JPY is bouncing off the new channel created just below the consolidation (Cone). The pair has again bounced off the support, just ahead of 141.00. Expectations from here is a re-test of 142.50 levels. A break higher, would want to again test 143.50/144.00 levels. Recommendations are to remain […]
Technical outlook and chart setups: 1. The GBP/CHF pair produces a doji yesterday. The pair is stalling around the 1.4860/80 mark for now. Until the 1.4905 level remains intact, bears should remain in control. High probability is for intermediary downswing to resume from current levels. Recommendations are to remain short, risk is at 1.4950/60. 2. […]
USD/JPY Review- BOJ MEETING The Bank of Japan policymakers yesterday lowered their growth expectations for the economy, as tepid data and a sales tax rise fueled fears about the strength of the nation’s recovery. Central bank policymakers will expect the world’s No. 3 economy to expand by 1.1 percent in the fiscal year to next […]
EUR/USD Review Euro zone inflation rose in April, reducing chances the European Central Bank will act soon to ward off deflation, but the pace of price rising was below forecast and still within the ECB’s “danger zone” of under 1 percent. April’s reading takes inflation back to where it was in February but it is […]
Overview: GBP/JPY is expected to consolidate in higher range as markets await the FOMC announcement. GBP/JPY is weighed by the weak euro sentiment after softer-than-expected German inflation data and Japan’s exports sales. But GBP/JPY losses are tempered by the demand from the Japanese importers and positive risk sentiment. Daily chart is still positive-biased as MACD […]
Overview: USD/JPY is expected to consolidate with bearish bias after hitting its three-week high at 102.79 on Tuesday as markets await the Bank of Japan’s interest rate announcement (BOJ is not expected to implement further monetary easing so soon after the April 1 consumption-tax increase), 12:30 GMT U.S. 1Q advance estimate real GDP and 18:00 […]
Overview: USD/CHF is expected to consolidate in a lower range as markets await the FOMC announcement. USD/CHF is supported by the contagion from weak euro on CHF and dovish Swiss National Bank’s monetary policy stance. But USD/CHF gains are tempered by the soft dollar sentiment. Daily chart is positive-biased as MACD and stochastics both are […]
