Crude prices were dragged lower on Tuesday by the ongoing tensions between Ukraine and Russia as the market speculates the US and European Union sanctions against Russia may weigh on oil shipments. While the Northern American benchmark WTI fell for a second day in a row on forecasts that the US stockpiles climbed in the […]
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:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…Video market update for April 17, 2024 April […]
Gold Tumbles On Russian Declaration Morning Report: 08:45 London • This morning, as Russia recognises Crimea’s independence, financial markets are pulling back from yesterday’s relief rally. The referendum passed without incident and while the long term situation is still unclear, markets seem to only be concerned about the prospect of military action – something that […]
The Dollar index remains in downtrend. The index continues to make lower lows and lower highs. Short-term support remains at 79.15-20. Short-term resistance is found at 79.50-60. Breaking short-term resistance could push the index towards the next resistance at 79.90. Breaking support could push the index towards 79 which was our bearish flag target from […]
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General overview for 18/03/2014 08:50 CET The market is currently trading in the range zone and yesterday’s bar was an inside candle. From Elliott Wave perspective, there are two possible wave scenarios here: main and alternate. The main scenario assumes the completion of the regular flat correction at the level of 1.1108 (1.1128 max) and […]
General overview for 18/03/2014 08:30 CET The market is currently trading in the range zone and traders should wait for a breakout in either direction. Two levels are here to keep an eye on them. To the upside the most important intraday level is in the 142.20 – 142.30 zone and a breakout above this […]
Technical outlook and chart setups: 1. The EUR/JPY pair has responded well on the trend line support. A bullish bounce is produced with a morning star trade signal. Please also note that the bullish bounce has appeared at past resistance turned support region 140.60/141.00. It is recommended to remain long from yesterday, risk remains below […]
The underlying trend for EURUSD is up however the pair is due for a short-term correction after a rally to a high of 1.3966 on Thursday. This level was rejected and the pair has since declined. Support is seen at key Fibonacci retracement levels of the upleg from Feb 27 low (1.3642) to the March […]
European stocks slide lower, after recording the largest increase in two weeks, as Federal Reserve officials starts a two-day assembly to finalize on stimulus policy. U.S. index futures were slightly altered, while Asian shares soared higher. Scania AB relinquished 3.5 percent after a board committee recommended turning down Volkswagen AG’s takeover offer. J Sainsbury Plc […]
The Asian shares surged up, with the regional benchmark rebounded from a five-week low, as improved US factory output figures bolstered optimism in the world’s largest economy. LG Electronics Inc., the second largest maker of televisions, ascended 3.7% in Seoul. Mitsubishi Electric Corp. advanced 3.4% in Tokyo following the manufacturer of industrial machinery and electronics equipment predicted a […]
The Australian dollar kept its gain versus major counterparts following the Reserve Bank policy makers reiterated a period of firm borrowing costs was possible. The Aussie shortly increased 0.3% of a three-month peak against the greenback after the RBA released today the minutes from its meeting last month, when the central bank held its benchmark rate at […]
The safe-haven Japanese yen nurses its latest peak versus the dollar while the euro stood sturdy on Tuesday as worries on the Ukraine crisis eased temporarily. Economic sanctions imposed by the United States and the European Union versus Russia after Crimea’s weekend vote to join Russia were viewed as too modest to dramatically rise near-term tensions on the […]
The US shares advanced on Monday, with the S&P 500 leaping from its worst weekly fall in the past seven days, as worries alleviated over the situation in Crimean region, while economic data implied the economy had improved following a winter slowdown. The 97% vote in Crimea, in favor of quitting Ukraine, was denounced as illegal by […]
Treasuries cut down a two-day slide as President Vladimir Putin said he supported a request from Ukraine’s breakaway region of Crimea to join Russia, threatening to intensify a diplomatic standoff with the West. Benchmark 10-year yields moved lower as investors sought havens. Russia should inked a treaty accepting Crimea’s accession, based from an order signed […]
The Federal Reserve will possibly dismiss its 6.5 percent jobless rate threshold and change to qualitative guidance for signaling when it will consider boosting the main interest rate, according to economists in a survey. The Federal Open Market Committee will declare on March 19 that it will connect policy to a scope of economic indicators, […]
Nikkei bounced back on Tuesday, taking heart from advances on Wall Street on the back of relief that Crimea’s vote to join Russia passed without major violence and on fairly positive U.S. data. The Japan stocks share average rallied 1.2 percent to 14,452.33, re emerging from a six-week closing low hit on Monday, though it […]
U.S. stocks revive from the weakest weekly drop since January and Treasuries backslide as better-than-estimated economic data overshadowed concern over Ukraine. Russian shares advanced with the ruble. The Standard & Poor’s 500 Index increased 1 percent to 1,858.83 following last week’s 2 percent decline. Ten-year Treasury yields rallied four basis points to 2.69 percent by […]
Australia’s dollar continued an upbeat note versus all its major counterparts after Reserve Bank policy makers reiterated a period of steady borrowing costs was likely. The Aussie exchanged 0.5 percent from a three-month high against the greenback after the release today of minutes from this month’s meeting, when the central bank held its benchmark rate […]
The yen dropped down for the first time in six days versus the dollar as increases in Russian stocks and the ruble damped concern that Crimea’s vote to leave Ukraine would immediately lead to further turmoil in the region. China’s yuan backslide to an 11-month low against the dollar after the central bank widened its […]
The dollar clinch surges from yesterday against the yen before the Federal Reserve begins a two-day assembly at which policy makers are expected to slash asset purchases which tend to bring down the USD. The yen stayed down versus most of its 16 major counterparts on easing concern that Crimea’s vote to secede from Ukraine […]
Risk sentiment has held up well and safe haven assets have been unwound after the easing of geopolitical risk. The yen weakened 0.7% against the dollar since Monday while the euro rallied back above the key 1.39 level. Markets participants were relieved that the threat of immediate military conflict in Ukraine receded and the West’s […]
EUR/USD: The bullish outlook on this pair is still extant, plus the resistance line at 1.3950 would easily be tested, even breached to the upside. The support line at 1.3800 is a long-term barrier to any pullbacks along the way. The bullish outlook is valid as long as the price remains above that support line. […]
Technical outlook and chart setups: 1. The GBP/CHF pair remains below the support trend line for now. The minimum target is seen towards 1.4400/1.4300 for now. The support turned resistance line should cap any intraday rallies towards 1.4600/1.4700. Recommendations are to remain short for now. Resistance is at 1.4700. 2. Immediate resistance is at 1.4600/1.4700 […]
In Asia, Japan will not release any economic data’s for today and the US will release some economic data such as US-Building Permits, US-Core CPI m/m, US-CPI m/m, US-Housing Starts, US-TIC Long-Term Purchases. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: 102.29. […]
When the European market opens, some economic news will be released such as German WPI m/m, Italian Trade Balance, German ZEW Economic Sentiment, ZEW Economic Sentiment, Trade Balance.The US will release the economic data too such as the US-Building Permits, US-Core CPI m/m, US-CPI m/m, US-Housing Starts, US-TIC Long-Term Purchases, so amid the reports, EUR/USD […]
The pair is in a downtrend from the 105.44 levels, consolidating and taking support between 100.75 and 101.20. For the last two weeks, the pair is taking support at the 101.20 levels. If the pair breaks the level of 101.20, the immediate support comes at 100.75 and 100.0. Until the price breaks the support levels […]
The pair is in a downtrend from the high of 1.2700. It made a double top on March 03, and consolidating near the support level of 1.2603. The pair is still in upward direction, consolidating before further up move. In the daily chart, the pair is trading below all the short- and medium-term moving averages. […]
The German DAX breaks the H&S pattern on intraday basis. It breaks the yearly rising trendline and the neckline as well. During Friday’s trading session, DAX broke the neck and 200EMA moving averages on intraday basis, and well managed to close above the 200EMA level. Now it is reaching towards the breakdown level at 9,285. […]
The US dollar index is trading in a weak trend. The pair is in a consolidation phase with strong support between 79.27 and 79.0. The RSI gives positive divergence indications in the hourly chart. A move below the 79 mark leads to more dramatic fall in coming days. On the upside, a move above the […]
