Overview: USD/JPY is expected to consolidate after hitting four-day low at 102.55 on Wednesday. It is undermined by the broadly weaker dollar undertone (ICE spot dollar index last 79.60 versus 79.80 early Wednesday),lower U.S. Treasury yields and Japan export sales. But the USD/JPY losses are tempered by the demand from Japan importers, loose monetary policy […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting two-year low at 0.8731 on Wednesday. It is undermined by the broadly weaker dollar undertone and franc demand on the buoyant CHF/JPY cross and on the soft EUR/CHF cross. Daily chart is negative-biased as MACD and stochastics are bearish, although latter is at oversold […]
Overview: The NZD/USD is expected to trade in higher range. It is supported by the Reserve Bank of New Zealand decision increased its key interest rate by 25 basis points to 2.75% and RBNZ Gov. Wheeler said that the pace of hikes won’t change just because the central bank thinks the Kiwi is overvalued, while […]
The dollar was broadly weaker until US data on jobless claims and retail sales gave it a small boost. During the European session the euro hit a new 2-1/2-year high against the dollar, buoyed by comments from ECB Governing Council member Jens Weidmann. He said that the ECB’s accommodative monetary policy in the Eurozone was […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price rejected from our Fibonacci retracement 61.8% at the price of 1.6478 on very high volume and tested the level of 1.6223 on high volume (selling climax). Our previous analysis is still valid. Be careful with selling since we’ve got selling climax […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – The single currency touched its two and a half year high – 13 March 2014 Written by the easy-forex team Currencies The euro (EUR) climbed up to its two and a half year high at 1.3948 against the US dollar (USD). The single currency rose […]
Overview: The GBP/JPY is expected to trade in higher range. It is supported by the improved risk tolerance and positive euro sentiment, demand from Japan importers and loose BOJ’s monetary policy. But the GBP/JPY gains are tempered by the Japan exporter sales. The daily chart is mixed as the MACD is bullish, but stochastics is […]
Overview In 4H chart, the pair failed more than once to break the support level of 170.50 and is still trading above it since yesterday. From the today’s 4H chart, the pair bounced from the support area again and started to take a slightly upward move approaching the resistance level of 171.50 which is tested […]
EURUSD: With EUR following through higher on the back of its Wednesday gains, further strength is likely. Resistance resides at the 1.4000 level where we may see the bears come in and push the pair lower. However, if this fails to occur, further strength could build up towards the 1.4050 level, its psycho level. Further […]
Crude prices were seen climbing on Thursday, boosted by the ongoing tension in Ukraine and the higher global demand for 2014, according to OPEC. Gains were trimmed by concerns over China’s economy, following the release of the industrial output figures which came lower than expected. The report showed signs of the world’s second largest economy […]
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 19, 2024 April 19, 2024 Potential for the further drop on NAS100The material has been…Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision… April 19, […]
The Reserve Bank of New Zealand delivered a widely expected interest rate hike on Thursday, raising its benchmark cash rate by a quarter of a percentage point to 2.75 percent. The RBNZ takes the lead at exiting from record low interest rates ahead of other major central banks in the developed world, as the United […]
The trend in the Dollar index remains down. The index continues to make lower lows and lower highs. The Dollar index was rejected at 79.80-90 resistance and turned lower to make new lows towards our target of 79. A few days ago, we mentioned that the bearish flag pattern was giving a target near the […]
General overview for 13/03/2014 10:50 CET The complex correction in wave (iv) green looks finished as the market is trying to resume the upward trend. The red trendline is broken now but the whole move upward lacks an impulsive wave progression, so there might still be a possibility that wave (iv) has not been completed […]
General overview for 13/03/2014 10:30 CET The count has been slightly changed due to the recent price action. The top for wave 2 green might be in place now as the full five wave progression can be labeled. An alternate count suggests that the current structure is an abc irregular flat correction that might end […]
Forecast: According to previous events, The AUD/USD pair has still been trapped between 0.9090 and 0.9030. Strong resistance will be formed at the level of 0.9140 providing a clear signal for sell deals with the target seen at 0.9030. Stop-loss is to be placed above 0.9175. Strong level (support) will be formed at the level […]
Overview: As expected, the support has broken and turned to resistance at the same key level (1.1150), so the resistance of the USD/CAD pair has already set at the price of 1.1150. Equally important, the price set below the resistance fifteen days ago. Furthermore, the price has still been moving between 1.1130 and 1.1066. Therefore, […]
Markets Climb Wall Of Worry Morning Report: 08:30 London • It is often said that bull markets climb a wall of money and if this is the case, it augurs well for the state of the current market. The S&P 500 is inching higher while commodities and commodity related currency push on despite poor Chinese […]
A relief rally for Asian markets overnight helped European equities at the open on Thursday but markets fell shortly after as the continued run of poor China economic data keeps market participants anxious about global growth prospects this year. China’s data overnight showed slow credit growth denting economic activity — industrial output, retail sales and […]
The Japanese yen held a three-day advance against the dollar prior to the US figures and China that emerges despite worries the world’s most economic giants are slowing down. The kiwi dollar escalated to a record versus the currencies of its trading partners, as New Zealand became the first developed economy to surge interest rates since 2011. […]
The US shares ended little changed on Wednesday, with the Nasdaq advanced for the first session in five, as investors kept abreast with the developing situation in Ukraine but brushed off worries about weakness in China’s economy. The EU agreed a model for its first sanctions on Russia since the Cold War, a more powerful response to the […]
Oil price dived to $98 per barrel on Wednesday, as the probability of a more profound economic deceleration in China implied anticipations of weaker demand and a report exhibited an increase in US oil supplies. Benchmark US crude to be delivered in April dipped $2.04 or 2%, at $97.99 per barrel in New York, the first close below […]
Asian stocks ascended, led by a retreat in Hong Kong and Shanghai, and emerging market currencies moved forward along with metals before Chinese factory report. The MSCI Asia Pacific Index gained 0.6% by 12:18 p.m. in Tokyo following its largest loss since February 4 yesterday. The Hang Seng China Enterprises Index profited 1.7% in Hong Kong as […]
The West Texas Intermediate traded close to one-month low following the data reported sluggish growth in factory output in China, the world’s second biggest oil consumer. In London, brent remained steady. Futures were slightly changed in New York after dropping the most since in two months yesterday. Chinese industrial production amplified by 8.6% in January-February period from last […]
EUR/USD: The EUR/USD is now challenging the resistance level at 1.3950, which ought to be breached soon. Our target at the resistance level of 1.4000 remains unchanged. In addition, there are some economic figures that would be released today, and they will have impact on this market. USD/CHF: This pair is now trading below our […]
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NZDUSD is in a strong uptrend, with sights set on a test of next key resistance at 0.8600. The pair rallied strongly following the RBNZ rate announcement, bouncing from a pre-data low of 0.8437 to 0.8575 in the early Euroepan session. Bullish momentum is strong, with prices riding the upper Bollinger Band and RSI rising […]
Australia’s jobless rate remained steady at a decade high last month despite a steep surge in the amount of full time workers, official data Thursday revealed. The country provided 80,500 extra full time jobs in February from January, the bureau of statistics declared, with the amount of people employed increasing by 47,300 overall– surpassing the […]
There was a flurry of developments in financial markets during Thursday’s Asian trading and the overall effect was to push the dollar lower while safe haven currencies gained. The euro made fresh 2 ½ year highs at 1.3948, with the 1.40 level now looking increasingly likely if the euro continues to rally. According to traders […]
The Australian dollar bolstered versus all 16 major counterparts after data showed employers added more than three times the jobs economists projected. Government bonds sagged down, pushing the benchmark 10-year yield to a one-month high, as full-time payrolls increased by the most in more than 22 years. New Zealand’s dollar leaped to a record on […]
