Investments by Honda Motor Co. and Nissan Motor Co. that look set to make Mexico the largest car exporter to the U.S. are offering Japanese banks a chance to avoid the world’s lowest yields. The median interest rate set by 34 banks for commercial loans in peso in Mexico was 8.1 percent in January, according […]
Japanese stocks slided 2.7 percent to a one-month low on Friday trading action as concerns over Ukraine and slowing development in China distract investors, underpinning the safe-haven yen and punishing exporters. The Nikkei share average sagged down 395.04 points to 14,420.94 in mid-morning exchange after declining to a low of 14,408.62 earlier, the lowest since […]
Safe-haven currencies like the Japanese Yen and the Swiss franc were on fire in Friday trading action, having bolstered overnight as tensions in Ukraine flared up and worries about the status of the Chinese economy continued to intensify. Russia launched new military exercises near its border with Ukraine on Thursday, displaying no indication of pulling […]
Overview: It should be noticed that the price of the GBP/USD pair has opened below the weekly support 1 at the level of 1.6650. Additionally, the market was in downtrend three days ago. Therefore, the market will probably indicate a bearish opportunity at the level of 1.6650 in the short term. Also, the weekly […]
Overview: The strong support will be set at the price of 0.8444 on March 14, 2014. Moreover, the resistance has already set at 0.8624 in H1 chart. So, we expect a range about 75 pips today. According to the previous events, the NZD/USD pair has still been moving between 0.8590 and 0.8520. It should be […]
General overview for 14/03/2014 09:00 CET The five wave impulsive progression to the downside from wave 2 green high has been finished and market is in the corrective cycle of lower degree correction. The target for now is the key level area between the levels of 1.1120 – 1.1128. Any breakout above the zone means […]
EUR/USD: Our target at 1.4000 has not been reached because the price pulled back from the resistance line at 1.3950. The bullish bias is still valid on the EUR/USD, and therefore, that drop is seen as a transient sale in the price. The price could thus rally massively again. Only a drop below the support […]
General overview for 14/03/2014 08:30 CET There is an interesting situation on H4 time frame as the price, after a sudden sell-off, almost hit the golden channel lower trendline. This wave progression can still be considered as a wave (4) correction in shape or abc irregular flat, but any breakout below the golden channel and […]
Markets Steady After Sell-Off Morning Report: 08:45 London • This morning, markets are steady with a positive edge after heavy selling on stock markets & certain FX pairs. •The Australian and New Zealand dollars are still showing signs of stress however, after pulling hard back from the highs on Thursday. […]
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The underlying long-term trend for EURUSD is bullish. The pair rallied strongly from the end of January to a 2 ½ year high of 1.3966 on Thursday after breaching a key resistance level at 1.3914. Prices have since pulled back sharply towards support at 1.3833. Studies on the daily time frame show the market is […]
Negative risk sentiment was the key theme in today’s trading, which benefited safe havens such as the yen, while the euro also retreated after ECB’s Draghi said the central bank had been preparing for action if inflation becomes ‘unanchored’. As stock markets from New York to Tokyo sold off, the yen was the main beneficiary. […]
The Wall Street skidded on Thursday, with the Dow and the S&P 500 enduring their worst day since early February, on elevating worries about Ukraine and Russia, as well as new hints of an economic slowdown in China. Selling ascended in afternoon trading following Russia commenced military drills close to its border with Ukraine, showing no cue of […]
The Japanese yen headed for its largest five-day advance against the US dollar in seven weeks, as investors pursued haven assets despite continuous tension before a referendum that may result to Crimea’s withdrawal from Ukraine. The Bank of Japan kept record stimulus this week, holding ammunition despite speculation a sales-tax increase in April will harm the economy. Goldman […]
Asian stocks plummeted to a three-week low on Friday, as intensified standoff in Ukraine before a weekend referendum agitated investors to slack riskier assets. Firm US retail sales and employment data also strengthened expectations the US Federal Reserve will stick to its plan of slowly withdrawing its asset-buying stimulus. Thursday’s disappointing Chinese economic figures hyped the blues. MSCI’s […]
When the European market opens, some economic news will be released such as German Final CPI m/m, Employment Change q/q.The US will release the economic data too such as the US-PPI m/m, US-Core PPI m/m, US-Prelim UoM Consumer Sentiment, US-Prelim UoM Inflation Expectations, so amid the reports, EUR/USD will with move low to medium volatility […]
In Asia, Japan will release the Monetary Policy Meeting Minutes, Revised Industrial Production m/m and the US will release some economic data such as US-PPI m/m, US-Core PPI m/m, US-Prelim UoM Consumer Sentiment, US-Prelim UoM Inflation Expectations. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but […]
Daily chart: The USDX continues bearish patterns forming below the resistance level of 80.11. Now, the USDX is trying to fall to the support level of 79.19, and almost succeeded when fell to the level of 79.25. However, if the USDX makes a bullish rebound at current levels, it is expected to rise to the […]
Daily chart: The GBP/USD attempted to consolidate above the resistance level of 1.6663. However, this pair remains below that level and still forming a higher low pattern, so it is very likely that this pair will try to drop the support level of 1.6540. On the other hand, if the pair manages to consolidate above […]
The pair has been trying to cross the resistance level of 0.9085. If the pair closes above the level of 0.9085, then we can see a huge momentum upside towards the targets at 0.9205, 0.9246, 0.9450, and 0.9516. The pair did multiple attempts to cross the 0.9085 level from its daily high made on January […]
The pair is trading near the resistance level. The pair is in an upmove from the lows at 1.0955 and moved higher towards 1.1154. In the H4 chart, the pair is trading between 1.1078-1.1038, either side breakout will lead further move. The pair has broken the inverted head and shoulder pattern in a downtrend from […]
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Concerns about China’s economic situation have had a bad impact on the European and US markets, which are looking bearish. Bad news for some means good ones for others and Australia and New Zealand would not complain. Allow me to elaborate on what really happened today, but first lets take a look at our March […]
On Friday, after the GBP/USD pair breached the price level of 1.6785, the market expressed a Shooting Star daily candlestick indicating strength of the bearish momentum on these levels. As depicted on the chart, the next demand level is located around 50% Fibonacci at 1.6540. This is the next destination for the bears. As long […]
Successive ascending bottoms were established on the daily chart. This means the uptrend line established on September 2013 is still intact. As expected, the ongoing bullish impulse succeeded in hitting price level of 1.3900. This level corresponds to 100% Fibonacci Expansion. Daily closure above 1.3900 will enable the pair to reach its next destination at […]
The GBP/USD rebounded sharply in the latter half of the week, as investors continued their sell-off of the US dollar. The US dollar index, which tracks the performance of the greenback against six major peers, was down 0.3% to 79.40. The British pound was a prime benefactor of the greenback’s prevailing weakness. The pound traded […]
The EUR/USD continued its upward climb in the second half of the week, as investors shrugged off upbeat US data. The pair continues to be supported by upbeat sentiment from the European Central Bank, which announced last week it was not going to lower interest rates. At the same time, ECB policymakers have been relatively […]
The North American pair unexpectedly fell amid disappointing Chinese industrial and retail sales data. As a commodity currency, the Canadian dollar is usually sensitive to negative releases from the world’s second-largest economy, as this implies declining demand for commodities such as oil, of which Canada is a prime exporter. Industrial production in China rose at […]
The AUD/USD pair was back in the driver’s seat after falling below the 0.90 handle in the mid-week session. The pair was supported by unusually strong Australian employment figures, which soared above expectations. Australian employers added 47,300 workers last month, according to the government’s Bureau of Statistics. The gains were led by a surge in […]
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