Overview: USD/CHF is expected to consolidate with bullish bias after hitting one-week low at 0.8812 on Tuesday. It is undermined by the franc demand on the buoyant CHF/JPY cross and softer dollar sentiment. But CHF sentiment is dented by the worse-than-expected drop in Switzerland PMI to 54.1 in March from 57.6 in February (versus 56.3 […]
Overview: GBP/JPY is expected to consolidate with bullish bias. It is supported by the positive risk appetite, weak yen sentiment as well as demand from Japan importers and loose monetary policy of the Bank of Japan. But the GBP/JPY gains are tempered by the Japan’s exports. Daily chart is positive-biased as stochastics is bullish and […]
Overview: NZD/USD is expected to trade in lower range after hitting its two-and-a-half year high at 0.8701 on Tuesday. It is undermined by the kiwi sales on buoyant AUD/NZD cross. But NZD/USD losses are tempered by the kiwi demand on NZD/JPY cross amid positive risk appetite and weak yen sentiment, hawkish the Reserve Bank of […]
Overview In the 4H chart, today’s closing below the resistance level of 172.75 gives the price an opportunity for a new bearish trend. As shown here, currently, the price may reverse its bullish trend of last week to start its bearish move by breaking the support level of 171.50 and closing below it. In that […]
Crude oil prices were seen falling on Wednesday, following the previous drop of 2% dragged by the news that the Libyan rebels said that they agreed to re-open vital ports in the country. Meanwhile oil traders are awaiting data on the US stockpiles for the last week from the Energy Information Administration. Futures for the […]
Copper prices were seen climbing on Wednesday, rising towards a three-week high as worries over supplies could have dropped following Tuesday’s earthquake in Chile, the world’s largest producer of metal. However, some mining companies said their sites suffered no damage. The three-month copper contract edged 0.5% higher to $6,694 a metric ton on the Metal […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Gold slides amid stronger dollar – 31 March 2014 Written by the easy-forex team Currencies The euro (EUR) continues to weaken against the US dollar (USD). The single currency has retraced from 1.387 last week to a low of 1.3708 before correcting to 1.3753. The […]
General overview for 02/04/2014 13:30 CET The recent last leg up in this pair looks like a completed ZigZag wave (c) and it is very possible now that the overall corrective wave structure in wave X black has been done. The first confirmation comes with the golden trendline breakout to the downside. Secondary confirmation comes […]
General overview for 02/04/2014 14:00 CET The correction looks like finished sooner than expected and price has already started developing wave 3 green to the downside. The current labeling is correct only if we assume that the wave 2 or B green correction was a simple abc regular flat structure. Please notice that the correction […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, the price tested the level of 1.6103 on volume above the average. According to the daily chart, we can observe demand bar on volume just below the average, which is a sign that we started larger bullish correction. Our levels of 1.5940 and […]
Doesn’t it sometimes feel like that? Like things could really just go either way and you may as well toss a coin and pick – heads or tails? It’s particularly true of the markets, some days. Today may just be one of those days. Starting with the currencies, Mirangi is torn on whether to take […]
USDCAD: With USDCAD continuing to hold above the 1.0000/1 levels, we look for it to trigger a recovery higher following its recent weakness. Support comes in at the 1.1000/1 levels where bulls may come in and push it higher but if violated further weakness could occur towards the 1.0950 level. Further down, support is located […]
Technical outlook and chart setups: 1. The GBP/CHF pair seems to be on cross roads at the moment. The pair has to come back into the sell zone of the resistance line below 1.4700 levels to confirm further bearish setup. A push above the 1.4790 levels, would confirm that bulls remain in control for now. […]
The weekly pivot point: 1.6585. Trading recommendations: According to the previous events, the GBP/USD pair has still been trapped between 1.6675 and 1.6610. First outlook: Sell below 1.6705 (the weekly resistance 1) with the first target at the 1.6630 price, then It will call for downtrend in order to continue its bearish movement towards 1.6585 […]
Technical outlook and chart setups: 1. The EUR/JPY pair seems to be pulling back from the 143.50 level on the 8H chart view here. A bearish engulfing candlestick signal is appearing at the moment, indicating a possible reversal or pullback on cards. It is recommended to remain short for now, risk remains at 144.00. 2. […]
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:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
Technical analysis of the NZD/USD pair. Resistance: 0.8625 (sell below this level). Support: 0.8520 (buy above this level for retesting this level for a short period). Trend: downtrend in tha H1 chart. We expect a daily range of 76 pips and the weekly will be about 153 pips. Weekly pivot point: 0.8623 Trading recommendations: […]
The Dollar index continues to trade sideways between 80 and 80.40. If support at 80 fails, then we should expect a downward push in the index to bring it near 79.70-79.80. If however the index breaks above 80.40, we should expect a move towards 80.70 at first. Short-term trend is neutral. The index has no […]
EUR/USD: This pair has managed to go above the support line at 1.3800, which means it is no longer sensible for the speculator to go short, for a bullish signal has been established. The Williams’ % Range is already in an overbought situation and the EMA 11 is almost crossing the EMA 56 to the […]
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For third consecutive sessions, US stocks escalated on Tuesday as the S&P 500 finished at a record close, following an optimistic data on factory activity signaled economic growth was obtaining traction after a severe weather. Gains were wide, with areas of the market tightly bounded to the pace of economic progression among the day’s leaders. Consumer discretionary stocks […]
European markets have opened higher today, in line with overnight gains on Wall Street, after data showed an improvement in the US manufacturing activity. Later today, ADP’s US private-sector employment report will garner market attention. Closer home, data from Nationwide indicated that UK house prices increased at the fastest annual pace since May 2010 in […]
Asian shares added to their latest gains on Wednesday as investors decided to magnify the optimistic in a blended bag of worldwide economic figures, pushing the safe haven yen to a 10-week trough. Even lagging in China was regarded favorably since it added to the case for stimulus, and there were clues Beijing is accelerating infrastructure disbursement […]
The US dollar accelerated against Australian and New Zealand dollars prior to a private report today that may report a stronger US jobs growth. The greenback reached a two-month peak versus the Japanese yen before figures tomorrow that may show a gauge of service industries, the biggest portion of the world’s largest economy, amplified at a faster pace […]
U.S. stocks rallied for a third straight session, with the S&P 500 closing at a record close, after upbeat data on factory activity signify economic development was obtaining momentum after the harsh winter. Advances were broad, with areas of the market closely connected to the pace of economic progress among the day’s leaders. Consumer discretionary […]
Asian share markets added to their current advance on Wednesday as investors chose to accentuate the positive in a mixed bag of global economic data, pressuring the safe haven yen to a 10-week sag down. Even sluggishness in China is now considered favorably since it provides more to the case for stimulus, and there are […]
The euro bolstered for a third day versus the dollar after a German report revealed jobless rate sag down more than economists projected, providing more to indications that the region’s recovery is gaining momentum. The 18-nation common currency soared to a two-week high against the yen as a measure of Spanish manufacturing also hiked, damping […]
The disturbed yen found little relief of blame in Asia early on Wednesday trading action, the only major currency displaying a clear trend as risk appetite remained buoyant and investors continued to bet on more stimulus from China and perhaps even Japan. The dollar purchased 103.66, having reach a 3-1/2 week topmost mark of 103.71 […]
The dollar rallied to the topmost performing mark in more than two months versus the yen before a private report today that may reveal stronger U.S. jobs development. The greenback poised for its largest one-day hike in two weeks against the New Zealand dollar before numbers tomorrow that may reveal service industries, the biggest part […]
The Currency market analysis for Apr 02, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Apr 02, 2014 01:20AM (GMT -4:00, DST On) Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3805 Moving Averages: Buy Strong Buy Strong Buy Strong Buy Indicators: Strong Buy […]
