Japan’s Nikkei share average marched higher on Thursday morning trading action after declining to a one-week low on the previous day as strong machinery data aided sentiment as far as metal shares, which stayed pressured on persistent concern about Chinese demand. Japan’s core machinery orders rallied in January at the most rapid pace in almost […]
Japan’s Topix Index moved back and forth between increases and declines, after declining the most in five weeks yesterday, as glassmakers rallied while shippers pulled back. NGK Spark Plug Co. soared 2.7 percent, leading advances by a Topix gauge tracking glass and ceramic-product makers. Teijin Ltd. leaped 2.3 percent on a report the carbon-fiber maker […]
Japan’s core machinery orders increased 13.4% in January from the previous month, the government declared Thursday, signaling that firms may be willing to increase their capital expenditures even after a sales tax hike in April. The huge hike on month follows a record decline in orders in December, but still came out close to twice […]
The yen moved higher for a third day versus the dollar as indications that development is slowing in China’s economy, the second-largest in the world, increased demand for haven assets. New Zealand’s dollar rallied against all of its 16 major counterparts after the central bank boosted interest rates in the first exit of record-low borrowing […]
The yen clinched a three-day surge against the dollar before reports in the U.S. and China that come in the middle of concern the world’s biggest economies are trimming its pace. The kiwi dollar soared to a record versus the currencies of its exchanging partners as New Zealand became the first developed economy to hike […]
When the European market opens, some economic news will be released such as French CPI m/m, ECB Monthly Bulletin.The US will release the economic data too such as the US-Core Retail Sales m/m, US-Retail Sales m/m, US-Unemployment Claims, US-Import Prices m/m, US-Business Inventories m/m, US-Natural Gas Storage, US-30-y Bond Auction, so amid the reports, EUR/USD […]
In Asia, Japan will release the Core Machinery Orders m/m, and the US will release some economic data such as US-Core Retail Sales m/m, US-Retail Sales m/m, US-Unemployment Claims, US-Import Prices m/m, US-Business Inventories m/m, US-Natural Gas Storage, US-30-y Bond Auction. So there is a big probability the USD/JPY will move with low volatility during […]
Technical outlook and chart setups: 1. The EUR/JPY pair has been off the recent highs (sub 144.00) for now. But the fall is expected to find intermediary support around 141.00 levels as a short term rising trend line is passing through. It is recommended to remain short for now, risk remains above 144.00. 2. Immediate […]
Technical outlook and chart setups: 1. The GBP/CHF pair has broken the rising trend line support on a daily chart as seen here. This shall prove to be further bearish and lower levels of 1.44 and 1.43 are expected. Please note that the back side of this trend line is now resistance, around 1.4650/1.4700 region. […]
EUR/USD remains in uptrend from 1.3477, the fall from 1.3915 could be treated as consolidation of the uptrend. Key support is at the upward trend line in 4-hour chart. As long as the trend line support holds, the uptrend could be expected to resume, and the next target would be in the 1.4000 area. Only […]
USD/JPY fell during the session on Wednesday, testing the 50.0 Fib level. This level, of course, has been an intraday high made on March 05, 2014, so it makes sense that it would be supportive now. It represents a fairly significant breakout, and we believe that it opens the door to the 105+ levels. However, […]
GBP/USD’s downward movement from 1.6785 extended to as low as 1.6596. A deeper decline would be likely seen in a couple of days, and the target would be at the 1.6500 area. Resistance is at 1.6710, only a break above this level could trigger another rise to re-test the 1.6822 resistance level. In the daily […]
Daily chart: The USDX made a bearish rebound near the 79.85 level and now it is very likely that the USDX will fall to the support level of 79.19. However, we must consider the USDX formed a fractal near the 79.35 level, which could give a lot of strength to the area to prevent future […]
Daily chart: The GBP/USD continues to fall in the current bullish bias as this pair stays below the 1.6663 level; therefore, the GBP/USD is forming a bearish pattern. If the pair manages to make a breakout at the 1.6590 level, it’s expected to fall to the support level of 1.6540. On the other hand, it […]
AUD/USD is trading at the level of 0.8995 in Asia. The pair is witnessing selling some resistance at the 0.9008 level. Daily momentum indicators are giving a buy signal. We recommend to buy this pair on a hourly basis only above 0.9008 for the targets at 0.9045, 0.9072, and 0.9133. More strength is above the […]
The last thing you want is to have the markets go berserk on you. Your alarm clock rings for the second time, making Snooze redundant. You rub your eyes and reach for your phone – because it’s 2014 and doing so is our first instinct every morning – to check on your trades. You’re looking […]
Overview According to today’s 4H chart, yesterday’s breaking of the support level at 171.50 gave the price an opportunity to keep its bearish move after closing below it. As shown here, currently the price is trying to continue its bearish move and is approaching support level of 170.50 to test it. In that case, we […]
Overview: USD/JPY is expected to trade in a lower range. It is undermined by unwinding of JPY-funded carry trades and flows to safe-haven yen amid increased risk aversion (VIX fear gauge rose 4.23% to 14.8, S&P fell 0.51% overnight) as concerns persist over the crisis in Ukraine. Crimea is due to hold a referendum on […]
The USD/JPY was trading to the downside in the mid-week session, as risk aversion made its way back into the global financial markets. The yen was supported last week by escalating conflict in the Crimea region of the Ukraine. In the mid-week session, however, investors were concerned about China, which has posted soft data throughout […]
The North American pair gained momentum in the mid-week session, amid news Canada and South Korea had reached a free trade agreement. The deal is expected to boost Canada’s export of agricultural products and South Korea’s exports of automobiles, while reducing tariffs over a multi-year period. The deal is expected to support the loonie over […]
Overview: NZD/USD is expected to consolidate with bullish bias. NZD/USD is undermined by the fears of economic slowdown in China and kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion. But the NZD/USD losses are tempered by the expectations that the RBNZ would increase the official cash rate to 2.75% from 2.5% […]
Europe’s common currency was stronger across the board, after annualized industrial output for the month of January topped forecasts. The EUR/GBP continued to strengthen, as a dearth of economic data in the UK kept the markets fixated on the euro. Eurozone industrial output in the euro area fell 0.2% in January, but rose 2.1% annually, […]
The GBP/USD pair was consolidating in the mid-week session, after slipping to a multi-week low amid comments from Bank of England policymakers. BOE Deputy Governor Charles Bean said earlier this week that a stronger pound could harm the UK’s export recovery. According to Bean, British exports failed to gain traction even when the pound was […]
The EUR/USD continued its upward ascent in mid-week trade after Eurozone industrial production data beat forecasts. The pair has been supported since the European Central Bank opted to leave the benchmark lending rate unchanged at 0.25%. The decision was accompanied by uplifting comments from ECB President Mario Draghi, who reaffirmed the central bank’s favourable view […]
Overview: USD/CHF is expected to range-trade. It is buoyed by the franc sales on soft CHF/JPY cross and broadly firmer USD undertone. But USD/CHF upside is limited by the flows to safe-haven CHF amid increased investor risk aversion and franc demand on soft EUR/CHF cross. Daily chart is still negative-biased as MACD and stochastics are […]
Overview: GBP/JPY is expected to trade in a lower range. It is weighed by the increased investor risk aversion and Japan’s exports sales. But EUR/JPY losses are tempered by the demand from the Japanese importers and loose BOJ’s monetary policy. Daily chart is mixed as MACD is bullish, 5- and 15-day moving averages are advancing, […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6432 on high volume. Our previous analysis is still active and in progress. Be careful with selling since we’ve got strong demand in the background starting from the level of 1.6191. EUR/NZD is in […]
News of China’s first bond default dampened risk sentiment in markets today, including currencies. The broad risk-off tone led to a demand of safe haven assets which helped strengthen the yen. The only economic data of note today was Eurozone industrial output. The data was mixed and did not really impact the euro. On an […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Gold climbed up to its highest level since September – 12 March 2014 Written by the easy-forex team Currencies The euro (EUR) range bound between the levels of 1.3833 and 1.3897 against the US dollar (USD). The single currency consolidates around 1.3855 awaiting for more […]
USDJPY: The pair has triggered a correction and looks to extend it further in the days ahead. On the downside, support comes in at the 102.26 level, its Feb 26’2014 high. Further down, support stands at 101.50 level and then the 101.00 level with a turn below here switching focus to the 100.75 level, its […]
