Technical outlook and chart setups: 1. The GBP/CHf pair is still struggling ahead of the 1.4850 resistance for now. A bearish reversal is possible from current level which could still drag prices towards 1.4450 levels. It is recommended to remain short for now, risk remains at 1.4850/60. 2. Support is at 1.4650, followed by 1.4450, […]
Technical outlook and chart setups: 1. The EUR/JPY pair produces a morning star bullish reversal candlestick signal right at the cone support line seen here around 140.00 levels yesterday. This indicates that next leg is possibly higher from here on. If this count is true, the pair should rally towards at least 143.00 levels, which […]
Aussie Advance Held By China Morning Report: 08:30 London • This morning, the Australian dollar is pushing higher after better than expected Aussie employment data. Gains here and across the board are held in check however by Chinese import and export data contracting in March. […]
Asian stocks advanced on Thursday following the recent Federal Reserve minutes alleviated worries of an imminent interest rate hike but trade may be guarded before a key Chinese economic figures. Major US averages surged above 1%, with the Nasdaq Composite finishing almost 2%, after minutes from the Federal Reserve’s last session signaled the members were slated to […]
Oil prices ascended to a five-week peak on Wednesday as geopolitical worries and the dollar’s plunge outmatched a greater than anticipated rise in US crude-oil stockpiles. Light, sweet crude to be delivered in May on the New York Mercantile Exchange climbed $1.04 or 1%, to $103.60 per barrel, the highest since March 3. Brent crude on ICE […]
The Australian dollar hit a more than four-month peak against the US dollar following the government reported unemployment dropped for the first time since September. Australia’s dollar cut back profits after data showed China’s exports and imports plunged. Aussie gained on the third day versus its US counterpart after today’s figures followed reports yesterday reflecting home loans climbed […]
Copper climbed for the first time after three days following the Federal Reserve’s minutes slacked worries over the time frame for higher US interest rates. The contract for delivery in three months on the London Metal Exchange gained 0.6% to $6,656 per metric ton and settled at $6,638 at 10:02 a.m. in Tokyo. The metal remained down […]
US stocks stretched its gains, Treasury bonds snipped losses, and the dollar receded as investors took a dovish stance of the minutes of the Federal Reserve’s policy meeting last month. The S&P 500 equity index ended 1.1% higher, 1.3% down from intraday record high of 1,897 struck on Friday. The Nasdaq Composite index leaped 1.7%. Also, US government […]
Daily Forex Market Analysis with Michael Florentiades – Chief Economist – Head of Investment Research at XM.COM. (US dollar stays low post Fed minutes, Chinese exports slow) Related Posts:EUR/USD. May 10th. Traders continue to torment the dollar May 10, 2024 The EUR/USD pair reversed in favor of the European currency…Bitcoin finds support from a weaker […]
European markets have opened higher today, after the minutes of the US Federal Reserve’s latest policy meeting eased worries about an early interest rate hike in the US. Closer home, investors will keep an eye on the Bank of England’s monetary policy meeting due later today. Earlier, data from the Royal Institution of Chartered Surveyors […]
The Currency market analysis for Apr 10, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Apr 10, 2014 02:45AM (GMT -4:00, DST On) Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3840 Moving Averages: Strong Sell Sell Buy Strong Buy Indicators: Strong Sell Strong […]
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The Federal Reserve officials worried about inflation and the signals they were sending about interest rates at their two day policy meeting March 18-19. Some officials argued they needed to send a stronger signal that they wanted to see inflation moving up toward the Fed’s 2% objective. Some also worried that their interest rate projections […]
Today traders eye G20 meeting. The Group of 20 major economies have promised to target a two percentage point increase in the global growth rate over five years and create tens of millions of jobs worldwide. While geopolitical risks emanating from the Ukraine crisis will be discussed, growth will top the agenda at the meeting. […]
The dollar sag down to the worst position in more than five months against a basket of counterparts after several Federal Reserve policy makers said estimates for an interest-rate hike were overstated in minutes from its last meeting. Turkey’s lira backslide against all but one of its 31 major peers as the government of Prime […]
Australia’s unemployment rate fell to 5.8% in March from 6.1% in February, official figures showed.The total number of people with jobs rose 18,100 (seasonally adjusted) to 11.55 m, the Australian Bureau of Statistics figures showed just. Full-time employment fell 22,100 to 8.02 m in March and part-time employment was up 40,200 to 3.52 m. Chinese […]
The dollar slide lower to a five-month low against a basket of counterparts before a Federal Reserve policy maker speaks after central-bank minutes diminish prospects for a hike in interest rates. Australia’s dollar bounced back. The U.S. currency reached a two-week low against the euro after minutes of the March policy assembly yesterday displayed the […]
Australia’s dollar achieved an over the four-month high mark against the U.S dollar after the administration reported jobless surprisingly sag down for the first time since September. The Aussie trimmed down advances after data showed China’s exports and imports surprisingly retreat. New Zealand’s dollar reached the best performing mark since August 2011 after a gauge […]
The pound achieved the best performing mark in a month versus the dollar and euro after a government report revealed that the U.K. trade deficit narrowed in February. Sterling has skyrocketed 4.8 percent in the past six months, the best mover of 10 developed-nation currencies recorded by Bloomberg Correlation-Weighted Indexes, in the middle of indications […]
The Canadian dollar achieved the best performing position in almost three months as minutes from the Federal Reserve’s last policy assembly proposed the Bank of Canada may maintain pace with its U.S. counterpart in bolstering interest rates. The currency empowered for a fourth day after minutes of the U.S. Federal Open Market Committee’s March 18-19 […]
Daily chart: The USDX continues falling and strengthening the current bearish bias. Now, 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 the level of 78.12. For now, the USDX remains below […]
Daily chart: This pair has consolidated above the support level of 1.6766 after the GBP/USD has successfully performed a breakout at that level. It is very likely that this pair will rise to the resistance level of 1.6851. If GBP/USD manages to make a breakout at that level, it would be expected to rise to […]
When the European market opens, some economic news will be released such as French Industrial Production m/m, French CPI m/m, ECB Monthly Bulletin, Italian Industrial Production m/m.The US will release the economic data too such as the Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance, so amid the reports, […]
In Asia, Japan will release the Core Machinery Orders m/m, Bank Lending y/y, Prelim Machine Tool Orders y/y and the US will release some economic data such as Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance. So there is a big probability the USD/JPY will move with low to […]
EUR/USD: The rally that started on this pair has eventually resulted in a ‘buy’ signal in the chart. That signal has been sustained. The price has succeeded in reaching our target at 1.3850 and is going beyond it. The price would now go upwards towards the resistance line at 1.3900. That is the next target. […]
Daily Forex Market Analysis with Michael Florentiades – Chief Economist – Head of Investment Research at XM.COM. (Euro keeps gains, yen rises on risk aversion and BOJ inaction) Related Posts:Outlook for EUR/USD on May 10. The euro went up for no… May 10, 2024 Analysis of EUR/USD 5M EUR/USD edged up on Thursday. The…The euro […]
Overview: USD/JPY is expected to consolidate with bearish bias after hitting three-week low at 101.55 on Tuesday. It is undermined by the positive yen sentiment after the Bank of Japan held steady on its policy Tuesday and BOJ Gov. Kuroda said he wasn’t contemplating any additional easing steps because he is “as convinced as before” […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting four-day low at 0.8823 on Tuesday. CHF sentiment is boosted by the drop in Switzerland March unemployment rate to 3.3% in March from 3.5% in February. USD/CHF is also undermined by the broadly weaker dollar undertone and franc demand on soft EUR/CHF cross. But […]
Overview: NZD/USD is expected to consolidate with bullish bias after hitting one-week high at 0.8681 on Tuesday. It is underpinned by the improved investor risk appetite and broadly weaker dollar undertone, buoyant commodity prices, hawkish Reserve Bank of New Zealand’s monetary policy stance and hopes of further stimulus in China. But NZD/USD gains are tempered […]
Overview: GBP/JPY is expected to consolidate with bearish bias. It is undermined by the positive yen sentiment and the Japanese exports sales. But EUR/JPY losses are tempered by the improved investor risk appetite and demand from Japan’s importers. Daily chart is negative-biased as MACD and stochastics are bearish, 5-day moving average is falling below 15-day […]
