Oil prices surged slightly lower on Tuesday as dull factory data from China and the US evened the danger of sanctions versus Russia after annexing the Crimean Peninsula. Benchmark oil to be delivered in May plunged 6 cents to $99.54 in electronic trading on the New York Mercantile Exchange. The contract climbed 14 cents to end at […]
Copper advanced for the second time in three days on potentiality China will take steps to amplify growth and despite worry supplies from a mine in Chile will be disrupted. In London Metal Exchange, the contract for delivery in three months gained 0.3% to $6,494.25 per metric ton and settled at $6,485 at 11:29 a.m. in Tokyo. […]
The euro held gain against most of its major counterparts prior to a report today that may show business confidence in Germany, the region’s largest economy, held close to a 2 1/2-year peak. Europe’s shared currency was still higher against its US fellow before European Central Bank President Mario Draghi speaks today and following the data yesterday […]
Asian stocks plunged, snipping the largest run in a month for the regional benchmark yesterday, as figures reported a slowdown in US manufacturing and investors counted the possible recession in Russia. The MSCI Asia Pacific Index dived 0.1% to 134.19 as of 11:09 a.m. in Tokyo, following it rose 1.2% yesterday, the steepest profit since February 21. Six […]
Hello eTorians!! Finally good news from the FED and FOMC. Another cut to the QE during last week and the USD found new stamina to get a bit stronger, recovering on all other currencies. The result is a week full of good results for all our Emerging Social Investors. This is the Emerging Social Investors […]
Warren Buffett is to investing what Albert Einstein is to science, or what Usain Bolt is to running. When you think about successful investors, he is probably the first person you think of. Buffett famously made his immense, almost $60 billion fortune by investing in stocks, starting with the Berkshire Hathaway textile company in 1962 and […]
European markets have opened higher today, rebounding from their previous session losses. Market participants await a slew of economic data across Europe and the US to gauge market direction. Closer to home, investors would focus on the release of UK inflation data due today which is expected to show that the nation’s consumer prices rose […]
The Dollar index as mentioned yesterday has paused its upward move and is making a sideways correction. Yesterday the Dollar index pulled back lower to back test the broken wedge that was once resistance. It touched the upper wedge boundaries and bounced upwards. The Dollar index reached the 50% Fibonacci retracement at 79.80 is now […]
The Currency market analysis for Mar 25, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Mar 25, 2014 01:24AM (GMT -4:00, DST On) Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3827 Moving Averages: Strong Sell Sell Neutral Buy Indicators: Strong Sell Strong Sell […]
EUR/USD: The southward outlook on the EUR/USD is currently in a serious jeopardy. The present rally in the chart may be a short-selling opportunity, as long as the price does not go further northward in a determined fashion. Should the price test the resistance line at 1.3900, the bearish outlook would be over. USD/CHF: Yesterday, […]
Overview: The NZD/USD pair is moving sideways since last week. Thus, according to prior events, the price of NZD/USD pair has still been moving between the ratio of 76.8% Fibonacci retracement levels at the level of 0.8570 and 38.2% Fibonacci retracement at the 0.8503 level. Furthermore, the price opened below the ratio of 76.8% Fibonacci […]
Hong stocks decline, with the city’s benchmark index retreating after its largest increase since November yesterday, as data revealed a slowdown in U.S. manufacturing development. The Hang Seng Index pulled back 0.4 percent to 21,770.37 as of 10:05 a.m. in Hong Kong. The Hang Seng China Enterprises Index, also known as the H-share index, relinquished […]
Asian stocks decline, trimming down the largest surge in a month for the regional benchmark index yesterday, as data displayed a slowdown in U.S. manufacturing and investors weighed the prospect of a recession in Russia. The MSCI Asia Pacific Index inched down 0.1 percent to 134.19 as of 11:09 a.m. in Tokyo after bolstering 1.2 […]
Weekly technical levels: Observations: If the trend is upward, then the strength of the currency will be defined as following: USD is in an uptrend and CHF is in a downtrend. Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci is […]
UBS AG, Switzerland’s largest bank, lifted its projections for the franc versus the euro as the Swiss currency’s world-beating advances in the past six months confound those expecting it to decline. UBS made a forecast that the franc will exchange with a slight alteration at 1.22 in a month. That compares with its past projection […]
The euro rallied the most in over than two weeks versus the dollar amid speculation technical indications prompted automatic orders to purchase the 18-nation currency, and on bets tension over Ukraine won’t rise into military movement. The yen decline against the euro as traders weighed prospects the Bank of Japan will boost stimulus to ease […]
Silver Lining As Precious Metals Recover Morning Report: 08:30 London • Markets are extremely quiet this morning despite some overnight weakness from Asian markets. Stock markets are making no move to recover yesterday’s losses, while the Dollar Index is stable after reversing course yesterday. […]
The long term trend for USDJPY is bullish as seen by the uptrend line and prices are above the Ichimoku cloud. However the upward momentum has weakened as indicated by the RSI which has fallen but still remains above 50 in bullish territory. USDJPY performed a strong rally from 77.11 (Sept 2012) to reach a […]
Purchasing Managers Index data dominated the markets’ focus. There was particular attention on the US data which showed manufacturing activity in the world’s largest economy slowed in March after nearing a 4-year high in February. The dollar was softer and US equity markets on Wall Street were lower in reaction to the disappointing data. The […]
USDCAD broke above the prior 1.1224 high and reached as high as 1.1279, indicating that the uptrend from 1.0182 has resumed. Further rise could be expected, and the next target would be in the 1.1500 area. Key support is at the upward trend line in the daily chart, only a clear break below the trend […]
The pair is trading near the crucial descending trendline. AUS/USD is trading in an uncomfortable zone. Between 0.9152 and 0.9166, there is a resistance zone, above that, 0.9246 is the target. On the weekly chart, the pair gave a breakout. But in the daily chart, the breakout action is still pending, may be today it […]
When the European market opens, some economic news will be released such as German Ifo Business Climate.The US will release the economic data too such as the US-S&P/CS Composite-20 HPI y/y, US-HPI m/m, US-CB Consumer Confidence, US-New Home Sales, US-Richmond Manufacturing Index, so amid the reports, EUR/USD will move with low volatility during this day. […]
In Asia, Japan will not release any economic data, but the US will release some economic data such as US-S&P/CS Composite-20 HPI y/y, US-HPI m/m, US-CB Consumer Confidence, US-New Home Sales, US-Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: […]
Daily chart: The USDX has found strong resistance at the 80.11 level, and now the USDX is trying to make a corrective movement towards the bullish trend. If the USDX does make a breakout at the support level of 79.50, it’s expected to fall to the level of 79.19. On the other hand, if the […]
Daily chart: This pair has made a bullish rebound on the trend line near to the 1.6450 level. It is very likely that the GBP/USD rises to the resistance level of 1.6540. If the pair manages to make a breakout at that level, it would be expected to rise to the resistance level of 1.6663. […]
AUDUSD: With AUDUSD following through higher on the back of its Friday gains, the challenge is for it to break and hold above the 0.9132/5 levels. That zone has held on many occasions and it will be difficult for the pair to break but if that occurs, further strength should build up towards the 0.9166 […]
The USD/JPY was well supported above the 102 mark at the start of the week, despite ongoing tensions in the Crimean Peninsula. Escalating conflict between Russia and the West could trigger risk aversion in the markets, a trend that has supported the Japanese yen in recent weeks. Against a backdrop of uncertainty in Crimea, the […]
The USD/CAD pair will have the opportunity to extend its gains this week, as a dearth of economic data in Canada will keep the markets fixated on several important US releases. This week will decide whether the greenback is sensitive to fundamentals, or whether rate-hike expectations supercede any potential downfall in the economy. In the […]
The EUR/USD faces an active week of traded, headlined by several batches of economic data. The pair will attempt a rebound after falling sharply the previous week on the heels of the Federal Open Market Committee’s latest policy decision. Eurozone manufacturing PMI eased slightly to 53 in March, Markit Group reported. The gauge of service […]
The EUR/GBP faces an active week of trade, as several economic indicators will circulate through the financial markets. The euro opened the week in negative territory after Markit Group reported a broad-based decline in manufacturing and services throughout the Eurozone. The IFO Business Climate survey will make headlines in the early half of the week. […]
