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:Video market update for April 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
European markets have opened marginally higher. In a noteworthy development, the preliminary results from Crimea’s referendum held over the weekend indicated that over 96% voters expressed their willingness to leave Ukraine and join Russia. Closer home, Rightmove indicated that house prices in the UK increased 1.6% MoM in March, slower than the 3.3% rise reported […]
Hello eToro Community! I write this on the eve of the Referendum in Crimea, and I suspect this week should be one of the most volatile weeks of 2014. Today I am going to write about what I believe to be the three traits that make up a winning trader. 1. Acceptance of Responsibility: You […]
There has been a subdued start to the new trading week, despite headlines over the weekend that Crimea voted in a referendum to join the Russian Federation. Markets were mixed in Asia on Monday but foreign exchange markets were remarkably calm going into the European session. The usual gauge of risk aversion in forex is […]
Markets Solid Despite Crimea Referendum Morning Report: 08:45 London • This morning, financial markets are putting in a good performance, with equities rallying and ‘risk-on’ FX pairs rising. The referendum in Crimea was almost a full gone conclusion and the result came in as expected. What markets were wary of what an explosive political reaction […]
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Asian stocks plunged, with the regional benchmark prolonging its worst weekly loss since May 2012, as Western countries denounced Crimea’s vote to be annexed by Russia and China loosened controls on yuan. Aeon Co. tumbled 4.4% in Tokyo following the Japan’s largest retailer reported earnings that traced estimates. Softbank Corp., a Japanese phone carrier that owns portion of […]
West Texas Intermediate (WTI) crude traded close to the highest price in three days despite speculation the Crimea’s vote to be separated from Ukraine may escalate upheaval between Russia and the West. Brent was firm in London. Futures were slightly changed in New York after increasing on the second day on March 14. The US and the […]
The underlying long term trend for cable has been bullish. GBPUSD has been in an uptrend since July 2013 and the pair has gained 12% since then. The daily chart analysis shows GBPUSD has been mostly range-bound in the past four weeks, trading sideways between lows of 1.6567 and highs of 1.6821. Technical indicators shows […]
The US dollar surged higher on Monday on dwindling worries by investors over Ukraine, following initial results of Sunday’s referendum reflected Crimeans voted to join Russia. The dollar increased to ¥101.62 versus ¥101.40 late Friday. The yen drove higher last week as upheaval elevated before the Crimea vote. The ICE dollar index, which monitors the US unit […]
Copper in London traded close to 44-month low as China doubled the yuan’s trading range against the US dollar. The metal for delivery in three months was slightly changed at $6,466.75 per metric ton at 10:39 a.m. in Hong Kong following it rose 0.3% and dived 0.4%. The contract ended at $6,415 on March 13, the lowest point […]
Russian stocks traded higher in early activity on Monday, in the light of initial results of Sunday’s referendum that reflected an overpowering positive vote by Crimeans to join Russia. The blue-chip MICEX index escalated 1% to 1,253.86 on Monday. But last week saw the index close with a 7.4% loss, as tensions intensified before the said referendum. […]
The Japanese yen started the week by being at the summit of its latest range on Monday as global markets were on the brink following the Crimean citizens voted to be adjoined by Russia, which prodded risk-wary investors to search for conventional safe-haven stakes. Above 90% of Crimeans decided to break with Ukraine and join Russia on […]
West Texas Intermediate crude rallied for a third day in the middle of floating assumptions that Crimea’s vote to split from Ukraine may fires up tensions between Russia and the West. Brent was steady in London. Futures spiked up as much as 0.5 percent in New York. The U.S. and the European Union warned Russia […]
U.K. stocks sagged down a sixth day, the longest streak since November 2011, before Crimea holds a referendum on whether to leave Ukraine and join Russia. Bank of Georgia Holdings Plc pulled back 7.3 percent as an investor pulled a share sale. J Sainsbury Plc. increased 2.9 percent, bouncing back from its largest decline since […]
Hong Kong investors’ condition seems to have been damped by surging disputes in Ukraine, although declines are capped today by a bounce back in Shanghai markets. The Hang Seng Index is currently exchanging 0.1% lower at 21,522.41, while the Shanghai Composite is spiked 0.5% up to 2,013.80. Internet giant Tencent Holdings is pulling back further […]
After shortly tickling upbeat area, the Nikkei Average is exchanging on a flat note, re emerging from its opening decline of 0.5%. Aiding hold the Japanese blue-chip benchmark over water is Softbank: The telecom clinches a heavy weighting on the Nikkei Average, and it’s currently up a rocking 6%. The increase comes as shareholders stand […]
Asian stocks sagged down, continuing the regional index’s sharpest weekly decline since 2012, while bond risk hiked as western nations disputed Crimea’s vote to rejoin Russia. China’s yuan retreated after the government widened its trading band. The MSCI Asia Pacific Index relinquished 0.4 percent by 11:03 a.m. in Tokyo, led by shares in Japan. Standard […]
The yuan slide lower to its worst performing mark of the month and options traders become more bearish on the currency as China’s central bank doubled trading ceilings against the dollar. The onshore spot rate depreciated as much as 0.2 percent to 6.1624 per dollar in Shanghai China Foreign Exchange Trade System prices showed. One-year […]
The yen held advances, following last week’s sharpest increase since January, as the West prepares to impose penalties versus Russia after a referendum in Crimea, aiding demand for safer assets. European Union foreign ministers will have an assembly in Brussels today to talk about travel bans and asset freezes on some Russian officials aa Vladimir […]
Risk aversion was back in the markets after news over the weekend that Crimea chose to secede from the Ukraine and voted in a referndum on Sunday to join the Russian Federation. The EU and the US threatened to impose sanctions if Russian President Putin goes ahead with annexing Crimea. Official results early on Monday […]
There has been much to do about how tensions in Ukraine are impacting equity markets, but certain factors in the U.S. are also causing fluctuations. For example, consumer confidence recently decreased to a four-month low, which led to the U.S. dollar to posting losses against the euro, according to Daily Forex. The Thomson Reuters/University of […]
Technical outlook and chart setups: 1. The EUR/JPY pair seems to be bouncing off right from the trend line support as seen here. Please note that this region is also the past resistance turned support area. It is recommended to book profits from short positions taken earlier. Aggressive trade setup would be to go long […]
AUD/USD is trading in an uncomfortable zone. The RBA kept the benchmark interest rate unchanged at its March meeting. We have seen numerous efforts from the RBA to weaken its currency, which it believes has become too strong and is damaging the economy. Traders are paying lots of attention towards the monetary policy meeting minutes […]
The pair moves in a 6-week continuous downtrend. Last Thursday, the pair made a low at the level of 0.8699. The pair will face stiff resistance at the R1 level in the H4 chart. If the pair crosses the R1, it will climb up to R2 at the level of 0.87705, and there it will […]
Technical outlook and chart setups: 1. The GBP/CHF pair is heading down towards 1.44 and 1.4350 levels for now. Please note that pullbacks towards 1.4600/50 should be used as opportunity to again initiate short positions. It is recommended to hold short positions for now. 2. immediate resistance is at 1.4850/1.4950/60, followed by 1.5120/30, while supports […]
In Asia, Japan will not release any economic data today and the US will release some economic data such as US-Empire State Manufacturing Index, US-TIC Long-Term Purchases, US-Capacity Utilization Rate, US-Industrial Production m/m, US-NAHB Housing Market Index. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY’s TECHNICAL […]
The pair is moving between the sidelines of 1.0955-1.1090. In Asia, the pair is trading at the level of 1.1096. As of now, the pair has been unable to cross the Friday’s high, making lower highs formation. In the bullish front the pair is trading above all short- and medium-term moving averages. Further movement in […]
When the European market opens, some economic news will be released such as CPI y/y, Core CPI y/y, German Buba Monthly Report. The US will release the economic data too such as the US-Empire State Manufacturing Index, US-TIC Long-Term Purchases, US-Capacity Utilization Rate, US-Industrial Production m/m, US-NAHB Housing Market Index, so amid the reports, EUR/USD […]
EUR/USD: The bias on this pair is bullish, and the price is expected to trend higher this week. The possibility of pullbacks cannot be ruled out, but the threats should be contained at the support lines of 1.3850 and 1.3800 respectively. Meanwhile, the resistance line at 1.4000 is a valid target for this week. USD/CHF: […]
