Hello eTorians! We are already more than halfway through March Madness, but it doesn’t mean that we can’t still have some fun! Are you ready to rock another amazing competition? If I’ve learnt anything about the eToro community is that you guys are always looking for action. So fasten your seat belt, and let’s begin! […]
Despite on-going geopolitical risks with regards to Crimea, the foreign exchange market has been quite complacent. Crimea has formally applied for union with Russia after 95% of voter backed the idea in a referendum on Sunday. US President Obama issued a new executive order to authorize sanctions on certain Russian government officials. The EU issued […]
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: Since our previous analysis, the EUR/NZD pair has been trading upwards, the price rejected from previous swing lows (1.6177) and tested the price of 1.6230 on higher volume. Our previous analysis is still valid. Be careful with selling since we’ve got selling climax in the background, weak supply near the price of 1.6200 and […]
Overview: USD/JPY is expected to consolidate with bearish bias after hitting a five-week low 101.15 this morning. It is undermined by the selling of yen amid increased risk aversion (VIX fear gauge rose 9.86% to 17.82, S&P fell 0.28% Friday) amid ongoing jitters about Ukraine-Crimeans voted on Sunday to break away from Ukraine and join […]
Overview: USD/CHF is expected to trade with bullish bias. It is undermined by the weaker dollar sentiment and flows to haven franc amid increased investor risk aversion. But franc sentiment is dented by the 0.8% on-year drop in Switzerland February import price index and 0.4% on-year drop in February PPI. USD/CHF losses are also tempered […]
AUDUSD: With the pair rallying, the risk is for more strength to occur towards the 0.9102 level, its Mar 13 2014 high. A break and hold above here will turn focus to the 0.9132 level, representing its Mar 07 2014 high. Further out, resistance resides at the 0.9200 level, its psycho level. Its daily RSI […]
Overview: NZD/USD is expected to trade in a higher range. It is undermined by the Kiwi sales on soft NZD/JPY cross amid increased investor risk aversion, concerns over economic slowdown in China and soft commodity prices. But NZD/USD losses are tempered by the hawkish Reserve Bank of New Zealand’s monetary policy stance, weaker dollar sentiment […]
Overview: GBP/JPY is expected to trade with bullish bias. It is undermined by the increased investor risk aversion and Japan exporter sales. But GBP/JPY losses are tempered by the demand from Japan importers and loose BOJ’s monetary policy. Daily chart is negative-biased as stochastics is falling from overbought, MACD histogram bars is turning negative. Trading […]
General overview for 17/03/2014 11:30 CET The market is still in a range zone, but there is a possibility to count the recent wave progression as impulsive, as long as the key level is not broken. This scenario has been indicated on the chart as red impulsive alternate count that might be the first stage […]
General overview for 17/03/2014 11:11 CET The bullish impulsive count has almost been invalidated due to the very deep retrace in wave (iv) green in shape of irregular flat (a)(b)(c) pattern. Currently, the market is trying to bounce higher and test the key level of recent support breakout at the level of 142.20. In case […]
The 18-bloc common currency was seen trading lower against the US dollar on Monday, dragged lower by the disappointing CPI data, which revealed a downward movement in February. The euro dropped under $1.3900 per US dollar at the opening of the Asian trading session; following Sunday’s Crimean referendum which showed the Crimea peninsula backed leaving […]
The Dollar index remains in downtrend. The previous high at 79.70 has not even been challenged. Bulls to reverse trend will need to break at least above 80. Short-term support at 79.25 has given bulls a small upward bounce but it seems that it is weak. Bulls will need to show more strength and break […]
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 May 09, 2024 May 9, 2024 Potential for the rally on Dollar Index… The material has…Forex forecast 05/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… May 9, 2024 We […]
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 […]
