Overview: USD/JPY is expected to consolidate in a higher range. USD/JPY is buoyed by buying of yen crosses amid diminished risk aversion (VIX fear gauge eased 3.1% to 15.61) on positive cue from Wall Street overnight (S&P closed up 0.68% after volatile session) despite the escalating conflict in Ukraine, broadly firmer dollar undertone (ICE spot […]
In March, the failure of the bulls to fixate above 1.3870 allowed enough bearish pressure to be applied on the pair towards the recent demand zone around 1.3700. At retesting of 1.3700, significant bullish pressure was applied which paused the recent slide off 1.3965 which led to another ascending impulse towards 1.3880. Friday’s daily candlestick […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – US Dollar gains as the tensions in Ukraine are escalating – 16 April 2014 Written by the easy-forex team Currencies The euro (EUR) continued its drop against the US dollar (USD) and reached its new low at 1.3807. The single currency fell as Mario Draghi […]
Multinational semiconductor chip-maker, Intel Corp, second-quarter sales are expected to come in higher than analysts’ forecasts as the company’s improving corporate orders help to control the drop in the personal-computer market. According to the company’s official website, the company’s income will be $13 billion, plus or minus $500 million, while gross margin of sales will […]
The North American West Texas Intermediate (WTI) crude was seen trading higher on Wednesday after reports from China showed that the country’s economy was growing at a slower pace, while the escalating tensions in Ukraine continues to remain in focus. WTI crude for May delivery climbed 0.19% higher to $103.95 at the time of writing […]
Overview: NZD/USD is expected to trade in a lower range. It is undermined by the lower-than-expected New Zealand 1Q CPI (rose 0.3% on quarter versus +0.5% forecast) and concerns over the Chinese economy, broadly firmer dollar undertone and Kiwi sales on buoyant AUD/NZD cross. Daily chart is negative-biased as MACD and stochastics are in bearish […]
Overview: GBP/JPY is expected to trade in a higher range. It is supported by the reduced risk aversion and demand from Japan importers. But GBP/JPY gains are tempered by the Japan exporter sales and diminished expectations of further easing from the Bank of Japan. Daily chart is still negative-biased as MACD and stochastics is in […]
On March 12, the bulls failed to establish an ascending top. Instead, a Double Top reversal pattern was established at 1.5500. The neckline was located at 1.5170-1.5200 also corresponding to the lower limit of the depicted channel. By breakdown of 1.51750, the Double Top pattern could not only achieve its projection target at 1.4820-1.4800, but […]
The depicted chart shows that the USD/CAD bulls failed to show enough bullish momentum above 1.1200. This exposed price zone of 1.0910-1.0850 (50-61.8% Fibonacci levels). Last week, the USD/CAD pair returned to test the previous support zone around 1.0900 (50% Fibonacci level) which previously provided a considerable support at retesting on February 19. Daily closure […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, the price tested the level of 1.6117 on the volume just above the average. According to the daily chart (Tuesday bar), we can observe demand bar on the volume just above the average, which may be a sign for further bullish reaction. As […]
Forecast in the short term: Due to the previous events, the price of NZD/USD pair is still between the levels of 0.8579 and 0.8615. The resistance will be formed at the level of 0.8700 providing a clear signal for sell deals with the target seen at 0.8579 in order to to test the double bottom. […]
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 April 19, 2024 April 19, 2024 Potential for the further drop on NAS100The material has been…Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision… April 19, […]
GBPUSD: With GBP recovering higher and threatening the 1.3819/22 levels, further strength is envisaged. The pair needs to decisively break and hold above here to trigger further bullish offensive towards the 1.6877 level. Further out, resistance resides at the 1.6900 level where a break will aim at the 16950 level and then its big psycho […]
Technical outlook and chart setups: 1. The GBP/CHF pair is seen rising towards the 1.4800 levels as expected and discussed yesterday. Recommendations are to remain long, with risk at 1.4550 for now. Bulls are firmly in control at the moment and a push beyond 1.4830/40 would prove further bullish for the pair. Also note that […]
Technical outlook and chart setups: 1. The EUR/JPY pair continues to probe/test trendline support of consolidation zone. At the moment it is seen trading comfortably above the 141.00 region. Resistance should be around 142.50, the trendline resistance within consolidation. Recommendations are to continue holding short positions for now, look to sell failure at 142.00/143.00 levels. […]
Overview: The price of the GBP/USD pair has been not stable because the trend has been moving between 1.6590 and 1.6845 since April 4, 2014. Furthermore, it should be noted that the resistance has already set at the price of 1.6845 and the support is placed at 1.6590. Accordingly, it is of the wisdom to […]
The Dollar index bounced from 79.30 and reached our 79.85 target yesterday only to be rejected by the Ichimoku cloud once again. Strong resistance is found in the 79.90-80 area and bulls find it difficult to break above these levels. Today I believe it is more probable for the Dollar index to make a pull […]
General overview for 16/04/2014 09:10 CET The anticipated wave (c) to the upside is finally unfolding as the complex corrective cycle in wave (b) which has been finished now. There are two possibilities for this last corrective cycle to the upside to unfold: either the correction in wave (c) blue has been finished at the […]
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The Currency market analysis for Apr 15, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Apr 15, 2014 02:46AM (GMT -4:00, DST On) Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3816 Moving Averages: Strong Sell Strong Sell Strong Sell Buy Indicators: Strong Sell […]
Daily Forex Market Analysis with Michael Florentiades – Chief Economist – Head of Investment Research at XM.COM. (Chinese growth slightly better-than-expected; risk sentiment hurts yen) Related Posts:Growth continues: Wall Street in green for third day in a… May 7, 2024 American stock indices ended trading higher on Monday, marking their…Outlook for GBP/USD on April 30. […]
General overview for 16/04/2014 08:50 CET The upside wave progression has been finished, and the impulsive green count has been invalidated. The current wave A green top is just slightly above the supply zone and it marks an important resistance level now. Currently, the market should be developing wave B green of the larger upside […]
European markets have opened higher today, tracking gains in Asian markets, after data showed that China’s economy expanded slightly more than expected in the first quarter of 2014. Meanwhile, traders continue to track developments in Ukraine. Closer home, market participants will keep an eye on the nation’s labour market data which is expected to show […]
The increase in New Zealand’s currency versus the U.S. dollar to its topmost performing position in more than two years may be on tracked to falter as momentum studies indicates current advances are vulnerable. The kiwi, as the currency is called, reached 87.46 U.S. cents on April 10, the peak mark since August 2011. Technical […]
British inflation fell to its lowest in over four years in March, easing pressure on living standards and raising the prospect that prices may now be rising less than wages for the first time in years. Tuesday’s data showed that consumer price inflation dropped to 1.6 percent in March from February’s 1.7 percent – the […]
The dollar advance versus most of its 16 major peers as investors are looking for haven assets in the middle of dispute in Ukraine and before Federal Reserve Chair Janet Yellen speaks today. The greenback’s appeal as the world’s reserve currency was developed as deadly clashes in Ukraine triggered the U.S. and European Union to […]
West Texas Intermediate crude exchanged in almost a six-week high before data that will indicate the pace of economic development in China, the world’s second-largest oil consumer. Brent was firm in London. Futures were slightly altered from yesterday after closing April 14 at the peak financial value since March 3. China’s gross domestic product progressed […]
European stocks dropped, deleting their advances for the year, after a report that Russian troops entered towns in eastern Ukraine, and as German confidence data missed economists’ projections. SABMiller Plc missed 2.3 percent after saying it is considering options for the sale of its $1.04 billion stake in Tsogo Sun Holdings Ltd. Rio Tinto Group […]
Asian stocks rallied for the first time in four days, with the regional standard index surging from a two-week low, after China reported economic development that slowed less than strategists had projected. The Hang Seng China Enterprises Index of mainland shares recorded in Hong Kong inched up 0.5 percent. SoftBank Corp., which owns about 37 […]
Chinese shares in Hong Kong trimmed advances after the country reported economic development that was the slowest in six quarters as industrial output missed projections. Japanese shares leaped the most in seven weeks, New Zealand’s dollar slide lower on slower inflation and gold pulled back. The Hang Seng China Enterprises Index jumped 0.3 percent by […]
