The Federal Reserve concluded a two-day policy meeting on Wednesday with an announcement that it will taper stimulus by a further $10 billion to $55 billion a month. While this was widely expected by the markets, what came as a surprise were comments by Fed Chair Janet Yellen. During her press conference, Yellen implied that […]
The psychological level: 0.8525. Notes: It should be noted that the key level is set at the level of 0.8525. Moreover, the 0.8525 level is coinciding with the weekly pivot point on March 20, 2014. We expect a range about 130 pips from today until tomorrow. Equally important, the resistance had already formed at the […]
Overview: The resistance has broken at the level of 0.8766. Moreover, the level of 0.8766 is going to become support on March 20, 2014. So, according to previous events, the price of the USD/CHF pair has still been moving between the price of 0.8773 and the 0.8803 price. Additionally, the psychological level has set at […]
Yeswterday, I mentioned in my analysis that there are signs of an expected trend reversal in the dollar index. 79 was important support and I suggested that bulls that believe the low was in should open long positions with the 79.20 stop and target at 80. The dollar index was mainly influenced by Janet Yellen’s […]
Messy Markets Post Fed Morning Report: 08:45 London • After a volatile reaction to yesterday’s Fed meeting and Yellen press conference, markets are messy this morning. Stocks are recovering from the morning lows and yesterday’s sell off while, the dollar index holds yesterday’s monster gains. […]
European markets have opened lower today, tracking losses on Wall Street and Asian markets, after the US Federal Reserve decided to continue scaling back its bond buying programme and indicated that interest rates could rise sooner than expected. Closer home, investors will focus on the Confederation of British Industry’s industrial trends survey for selling prices […]
The Canadian dollar plunged immensely on Wednesday to end below 89 cents US for the first time since mid-2009, as markets understood the comments by Federal Reserve Chair Janet Yellen that meant the US central bank might increase interest rates sooner than expected. Speculations on Fed intentions emerged a day following Bank of Canada Governor Stephen […]
The Asian stocks dropped, with the regional benchmark is heading towards a six-week low, following the Federal Reserve implied it might escalate US interest rates in the middle of next year. Newcrest Mining Ltd., Australia’s largest gold producer, tumbled 6.6% after bullion dived the most in three months as the Fed’s announcement tamed demand for haven assets. […]
The US dollar held massive gains in Asia on Thursday as investors weighed with the risk the US interest rates might escalate sooner and faster than previously predicted, pushing stock and bond prices. Short-term US bond yields leaped by the most in about three years following Federal Reserve Chair Janet Yellen said the central bank might conclude […]
Being the top performer among major currencies last year, the pound strengthened following the Bank of England noted additional gains are likely as Britain’s economy stretched despite fall in unemployment. Sterling advanced versus all of its 16 major counterparts as the government showed higher growth predictions in its budget address today. The pound profited 10% in the last […]
The US stocks dived for the first time in three days, as Federal Reserve Chairwoman Janet Yellen said the central bank’s stimulus program might conclude this fall and benchmark interest rates might increase in six months. Walt Disney Co., General Electric Co., and Boeing Co. wiped out 1.4% to lead the Dow Jones Industrial Average lower. Consolidated Edison […]
Canadian stocks slumped, after soaring to a five-year high yesterday, as U.S. Federal Reserve Chair Janet Yellen said central bank stimulus could close down this fall and benchmark interest rates could skyrocket six months later. Air Canada rallied 1 percent after Standard & Poor’s improved its debt rating on the airline yesterday. Athabasca Oil Corp. […]
The Currency market analysis for Mar 20, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Mar 20, 2014 4:28AM GMT Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3831 Moving Averages: Sell Sell Sell Neutral Indicators: Strong Sell Strong Buy Strong Sell Sell Summary: […]
U.S. stocks pullback for the first time in three days as Federal Reserve Chair Janet Yellen said the central bank’s stimulus program could expire this fall and standard interest rates could bolster six months later. Boeing Co., Walt Disney Co. and General Electric Co. gave up at least 1.4 percent to lead the Dow Jones […]
The pound, the best moving major currency in the past year, empowered after the Bank of England said further hikes are possible as Britain’s economy progress in the middle of declining unemployment. Sterling spiked up versus all of its 16 major counterparts as the government presented higher growth projections during today’s budget address. The pound […]
The Canadian dollar diminished to its weakest mark in four and a half years after the Federal Reserve boosted its interest rate projections, firing up speculation it will tighten financial policy in a more rapid pace than the Bank of Canada. The currency slide lower versus the majority of its most-exchanged counterparts after Bank of […]
The dollar clinches its largest increase in seven months against a basket of its counterparts after Federal Reserve policy makers signaled they’ll possibly hike interest rate by the middle of next year. New Zealand’s dollar led pullbacks in major currencies versus the greenback after data showed the South Pacific nation’s economic development slowed in the […]
EURUSD fell below the key 1.3900 support level on Wednesday and stopped just above the 1.3800 psychological level to rebound at 1.3808 early on Thursday. On the 4-hour chart, EURUSD broke below its 20 and 50 period moving averages to currently find support at the 100-period moving average. In the short-term, further bearishness remains as […]
The dollar rallied broadly overnight, although it did give back some of those gains during the Asian session, as Janet Yellen, the new Chair of the Federal Reserve predicted that US interest rates could rise about 6 months following the end of tapering. The US central bank reduced its monthly bond-buying program by an additional […]
EUR/USD: The sudden drop in the EURUSD has resulted in a serious violation of the extant bullish bias. Should the price trade below the support line at 1.3800, the action would lead to a Bearish Confirmation Pattern in the chart. The price is currently trying to rally that may be halted at the resistance line […]
The Fed said it will reduce bond buying to $55 billion per month, split as $25 billion MBS and $30 billion Treasuries. As some had expected, the central bank dropped the 6.5 percent jobless rate threshold as a factor in determining future interest rate path. The Fed said it will assess its progress toward reaching […]
The pair is trading between the trend lines. Yesterday, after the Fed met, the pair was beaten hardly to support levels. During yesterday’s trading session, the pair held the 21EMA level at 0.9142. Within today’s Asia’s trading session, the pair has broken the 21EMA and is trading near another short-term support level at 0.8993. As […]
EUR/USD is trading near key support at the level of 21EMA at 1.3816. Today in Asia, the pair has broken the level and made a low at 1.3814 as of now. As we recommended earlier, hold shorts until the pair crosses the level of 1.396. In the daily chart, the RSI is showing a sell […]
When the European market opens, some economic news will be released such as German PPI m/m, EU Economic Summit. The US will release the economic data too such as the US-Unemployment Claims, US-Existing Home Sales, US-Philly Fed Manufacturing Index, US-CB Leading Index m/m, US-Natural Gas Storage, so amid the reports, EUR/USD will move with low […]
In Asia, today there is no significant economic data to be released in Japan, but the BOJ Gov Kuroda will speak today. The US will release some economic data such as US-Unemployment Claims, US-Existing Home Sales, US-Philly Fed Manufacturing Index, US-CB Leading Index m/m, US-Natural Gas Storage. So there is a big probability the USD/JPY […]
Daily chart: The USDX rose to the resistance level of 80.11 after reacting positively to the news that appeared from the US Federal Reserve. If the USDX does make a breakout at that level, it would be expected to rise to the level of 80.62. On the other hand, if the USDX makes a bearish […]
Daily chart: The GBP/USD has had a fall to the support level of 1.6540 and now this pair is trying to consolidate below that level. However, it is expected that the GBP/USD start forming a higher low pattern. It should be noted that near the support level of 1.6447, there is a bullish trend line […]
Successive ascending bottoms were established on the daily chart. This means the uptrend line established in September 2013 is still intact. As expected, the ongoing bullish impulse succeeded in hitting the price level of 1.3900. This level corresponds to 100% Fibonacci Expansion. A Shooting Star daily candlestick was expressed on Thursday after topping at 1.3965. […]
On February 13, the bulls expressed a bullish breakout above the upper limit of the previous bearish channel. This took place when the bears showed obvious weakness. Since then, the EUR/AUD pair has been moving sideways with a slightly bullish tendency. This movement was maintained within the depicted bullish channel. On March 12, the bulls […]
Previous congestion zone between 1.0850 and 1.0960 provided a considerable support at retesting on February 19. This led again towards 1.1190 where the USD/CAD pair topped on February 21 establishing a double-top reversal pattern. Price levels of 1.0950 and 1.0850 correspond not only to a previous congestion zone but also come to meet the uptrend […]
