EURGBP- With a third day of decline now underway, the cross looks to weaken further in the days ahead. Support lies at the 0.8250 level where a break will expose the 0.8230 level. Further down, support resides at the 0.8200 level where a break will pave the way for a run at the 0.8157 level, […]
Technical outlook and chart setups: 1. The GBP/CHF pair has stopped us out at 1.47. At the moment prices are testing the line of resistance at 1.4740/50. A break here, would further push prices towards 1.4850/60 and higher. It is better to watch out for the reaction here before committing a direction position. 2. The […]
Technical outlook and chart setups: 1. The EUR/JPY pair breaks counter trend, support line as seen here. Still it is required to break below138.50 to accelerate further downside. Aggressive short positions can be held, risk remains at 144.00 levels for now. 2. Immediate intermediary support is at 138.50, followed by 136.00, 134.00 and lower, while […]
Crude prices were seen climbing towards a week high on Thursday as reports released showed that US crude stockpiles declined, while demand for gasoline advanced to its highest in three months. The North American West Texas Intermediate (WTI) crude for May delivery added 7 cents, trading at $100.33 a barrel on the New York Mercantile […]
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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 […]
General overview for 27/03/2014 11:50 CET The five wave impulsive decline has been finished and now it is correction time. The first target level for the corrective wave a green is at the level of 1.1121, but the key level is little higher, at the level of 1.1141-1.1152. Only a sustained breakout above this level […]
General overview for 27/03/2014 11:30 CET The pair is making first attempts to break out from the congestion area and any downside extension below the level of 140.00 is the first confirmation of further losses in this pair. Any upside rally should be capped by red trendline that should provide a dynamic resistance. The key […]
Daily pivot point: 1.3796 Trading recommendations: The EUR/USD pair is in the short term. The price of the EUR/USD pair is going to turn to bearish sentiment from the level of 1.3830. Also, it should be noted that the level of 1.3830 is representing the weekly pivot point on March 27, 2014. Accordingly, it will […]
Forecast: According to the previous events, the USD/CAD pair is still moving between 1.1210 and 1.1003. It should be noted that the trading recommendations today will give its effect in the long term. Also, we should remember that history will probably repeat itself at this level again. Sell below the level of 1.1210 with the […]
The Dollar index continues to trade above short-term support levels and continues to move sideways after the big spike up from 79.20. The short-term resistance at 80.40 if broken is a good buy signal with 80.70-80 next target. The index trades above the Ichimoku cloud and above the broken trend line. The retracement towards 79.80 […]
UK retail sales data beat forecasts to rise in February, sending the British pound to a 3-week high against the euro. According to data from the Office of National Statistics sales volumes jumped 1.7% month-on-month in February and 3.7% year-on-year. The monthly figure showed a rebound from January’s 2.0 % drop. Forecasts were for retail […]
Hey everyone, My name is Eyal, I’m the new Product Manager here at eToro and happy to join the team. This is my first of many blog posts intended to communicate how my department and I are helping to build and improve this amazing social investment network. And now, for the big news! The new […]
Hey everyone, My name is Eyal, I’m the new Product Manager here at eToro and happy to join the team. This is my first of many blog posts intended to communicate how my department and I are helping to build and improve this amazing social investment network. And now, for the big news! The new […]
Trade Balance Lifts Kiwi Morning Report: 08:30 London • This morning, markets are decidedly mixed after the US Federal reserve rejected the capital plans of five banks last night. Markets slumped at the close, but are staging something of a fight back this morning. […]
The Asian markets were in fragile mood on Thursday after a late dive on Wall Street. Tokyo stocks tumbled as investors leaned on increase in sales tax that is anticipated to bust consumer spending and test the market’s confidence in Abenomics. The Nikkei dropped 1.2% to endanger key chart support about 14,203, a break of which could […]
The US stocks dived on Wednesday, topped by losses in technology and materials sectors, as geopolitical worries escalated following the United States and the European Union agreed to work hand in hand to impose tougher sanctions on Russia. Trading was still choppy with US shares mostly optimistic in the morning after US economic figures pointed to enhancing conditions. […]
Oil futures ended over the $100 level for the first time in almost two weeks as gasoline prices marked their first profit in three sessions. A US government report unveiled a weekly plunge in gasoline stockpiles that was close to three times more than the market anticipated and reflected the demand for the fuel climbed over the […]
EURUSD has retreated from a more-than 2-year high of 1.3966 hit on March 13 and is trading a range for the past week. The pair is consolidating around the 38.2% Fibonacci retracement of the upleg from February 3 (1.3476) to March 13 (1.3966). The pair fell below the uptrend line on the daily chart from […]
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European markets have opened lower today, tracking overnight losses on Wall Street and as geopolitical tensions over Ukraine escalated after US President Barack Obama warned of deeper sanctions against Russia. Closer home, investors will eye economic data which is widely expected to show that the nation’s annual retail sales increased 2.5% in February, compared to […]
New Zealand’s dollar, the best-moving major currency this year, is too powerful and presents a challenge for the nation’s exporters, according to Finance Minister bill English. “It’s a bit too high,” he said yesterday in an interview in Hong Kong, while attending the Credit Suisse Asian Investment Conference. “It makes it difficult for our economy […]
Brazil’s currency jumped to a four-month high as the central bank held a second auction of foreign-exchange swaps today after failing for the first time this year to place all of the given contracts. The currency briefly deletes its advances after the central bank merchandised only 2,400 foreign-exchange swap contracts out of 4,000 and then […]
The euro slide lower for a second day versus the dollar as traders evaluates whether European Central Bank policy makers will add financial stimulus in the middle of uneven economic indications. Australia’s dollar spiked up after Reserve Bank Governor Glenn Stevens said there are early indications that the nation is in a changeover from mining-led […]
The pound skyrocketed the most in six weeks versus the euro after Bank of England policy maker Martin Weale stated that U.K. interest rates should bolster as the economy bounces back. Sterling moved higher for a third day against the dollar as Weale told the Reading Post that “as the economy returns to normal, interest […]
The yen bolster to a one-week high against the dollar amid concern Western nations will increase pressure on Russia after U.S. President Barack Obama warned versus indifference over the annexation of Crimea. Japan’s currency continued a two-day surge versus the euro and is set for the first quarterly hike in six periods before the Asian […]
The yen pulled back from a one-week high against the dollar as risk sentiment improved and Japanese equity markets moved higher. Meanwhile, US consumer sentiment data released on Wednesday hit a six-year high in March and added an additional boost to the dollar. The dollar recovered from a one-week low of 101.71 and climbed to […]
Investors who participate in forex trading should be tracking the actions of the European Central Bank, as it could have a major impact on the direction of the euro against the U.S. dollar. According to Investing.com, EUR/USD showed stability despite comments from the ECB that were meant to keep the single currency down. EUR/USD has […]
EUR/USD: The EUR/USD remains in thea bear market. The price rallied into the EMA 56, after which it has started coming down a little. Now trading below the resistance line at 1.3800, the price has the possibility of reaching the support line at 1.3750. It should also be noted that the market has been volatile […]
Retail clothing sales rose again in the year to March, even though at a slower pace than the month before – but growth next month is expected to rebound strongly, new figures suggest. Expected sales volumes for next month rose to their highest level since December 2010, a survey showed. In the next month Mother’s […]
