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 […]
The dollar edged higher against major currencies Tuesday after U.S. inflation data encouraged investors to think the Federal Reserve could raise interest rates sooner than expected. Overall, growth in Australia’s major trading partners looked to have remained around average in the early months of 2014, although there were signs that growth in China has eased. […]
Japanese shares rallied higher a second day, with the Topix index on track for its biggest surge in seven weeks, as technology firms including SoftBank Corp. advanced. SoftBank skyrocketed 8.3 percent after Alibaba Group Holding Ltd., China’s biggest e-commerce firm, recorded its fifth consecutive quarterly earnings increase. SoftBank possess about 37 percent of Alibaba. Yahoo […]
Germany is facing a broad-based, domestic-driven economic upswing, official data indicated yesterday, with forecasted growth hitting 1.8 per cent this year and 2 per cent in 2015. After growth of just 0.4 per cent in 2013, Federal Minister for Economic Affairs and Energy said he was optimistic the “solid upturn” in the economy would not […]
In Asia, Japan will release the Revised Industrial Production m/m, BOJ Gov Kuroda Speaks, and the US will release some economic data such as Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, Crude Oil Inventories, Beige Book. So there is a big probability the USD/JPY will move with low volatility during the Asian […]
When the European market opens, some economic news will be released such as Italian Trade Balance, CPI y/y, Core CPI y/y, German 10-y Bond Auction. The US will release the economic data too such as the Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, Crude Oil Inventories, Beige Book, so amid the reports, […]
EUR/USD: This pair still remains in bulls’ market, although the situation now is precarious. The support line at 1.3800 has already been tested by the pullback that has been happening so far this week. The price did not close below the support line; otherwise the bullish outlook on the market would have been rendered useless. […]
Daily chart: The USDX continues bullish movements above the support level of 79.19, but it is still part of a corrective movement in favor of the current bearish trend. However, it is expected to rise to the level of 80.62 if the USDX makes a breakout on the resistance level of 80.11, which would jeopardize […]
Daily chart: During yesterday’s session, the GBP/USD fell to the support level of 1.6663 where the pair made a bullish rebound to try and consolidate back above that level. If the pair manages to make a breakout at the resistance level of 1.6766, it’s expected to rise to the level of 1.6851. The MACD indicator […]
Harry heard himself say, “What the heck is happening?” He was watching the YM E-mini price action on the 5 minute chart as it surged upward, appearing about to take him out of his trade and he felt an overwhelming anxiety-driven urge to move his stop-loss. Harry had identified a significant fresh supply zone on […]
Overview: NZD/USD is expected to trade in lower range. It is supported by the kiwi demand on NZD/JPY cross amid reduced risk aversion and hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the positive dollar sentiment and concerns about the growth outlook in China; the kiwi sales on […]
Overview: USD/JPY is expected to trade with bearish bias. USD/JPY is buoyed by the positive dollar sentiment (ICE spot dollar index last 79.75 versus 79.60 early Monday) on stronger-than-expected 1.1% increase in the U.S. March retail sales, its biggest gain since September 2012 (versus +0.8% forecast). USD/JPY is also supported by the higher U.S. Treasury […]
Overview: USD/CHF is expected to trade in higher range. It is supported by the positive dollar sentiment and dovish Swiss National Bank’s monetary policy stance and franc sales on rebounding EUR/CHF cross. But USD/CHF gains are tempered by the franc demand on buoyant CHF/JPY cross. Daily chart is mixed as MACD is bearish, 5-day moving […]
Overview: GBP/JPY is expected to trade in higher range. It is supported by the positive risk sentiment and demand from the Japanese importers. But GBP/JPY gains are tempered by the Japanese exports sales, reduced expectations of further easing from the Bank of Japan and ECB officials’ jawboning against the euro strength. Daily chart is still […]
I’m neither referring to the TV sitcom nor to the expansion of the universe, but instead to something we see in the community every day. That would be the rise and fall of investors, as well as the momentum at which instruments are traded and sought after. Bitcoin, I think, is the best example – […]
AUDUSD: With AUDUSD remaining weak and vulnerable in a corrective mode after losing steam at the 0.9460 level the past week, further downside pressure is envisaged. Support lies at the 0.9334 level where a break will aim at the 0.9303/7 levels. A reversal of roles as support is likely to occur. Further down, support comes […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Monthly CPIs may set a new pace in the markets – 15 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 […]
Hello eTorians!! Second late post for me and I apologize for that again. Now the situation is come back normal and the future post will be on-line during the right week. As you know, most of our Emerging Social Investors are trading buying USD. And the United States Dollar seems to be on a swing: […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.5889 on the volume just below the average. According to the daily chart, we can observe rejection from our Fibonacci retracement 61.8% and that supply is overcoming demand on average volume, which is a […]
The 18-nation currency traded slightly lower on Tuesday, after reports showed that the eurozone’s number one economy worsened for the fourth consecutive month, as tensions from Ukraine and the stronger greenback continue to weigh on the euro. Germany’s ZEW Index, which shows the investor sentiment for the next six months, worsened for the fourth month […]
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, […]
Technical outlook and chart setups: 1. The GBP/CHF pair rallied close to 1.4750 levels yesterday before pulling back. Please note that the pair has bounced off the resistance turned support line and 50% fibonacci support and hence wave structure indicates further bullishness. Recommendations are to remain long, risk remains at 1.4500. 2. Support is at […]
Technical outlook and chart setups: 1. The EUR/JPY pair is seen breaking below the cone/consolidation again around the mid 140.00 handle. Bears need to push below 140.00 to confirm further weakness. It is quite possible that the pair is heading lower for a larger correction towards 130.00 levels. Recommendations are to remain short, risk remains […]
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 […]
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. 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). Daily closure […]
