Gold bulls should be very cautious as price stalls near the $1,340 resistance. The trend remains bullish but bulls should raise their stops to $1,330. Short-term support is at $1,330 and short-term resistance at $1,340. Gold price remains above the upward sloping trend line and support and above the Ichimoku cloud support. The RSI is […]
General overview for 25/02/2014 08:40 CET The overall impulsive wave development in wave (iii) blue has not been finished yet and there are some missing waves to the downside so more decline is being expected here. First the market must finish the wave (iii) blue impulsive progression as there is one sub-wave to the downside […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested the level of 1.6455. Our previous analysis is still active. We can observe selling climax at the price of 1.6470. Our upper stations still valid, so major upper station is a level around the price of 1.6790 (FE 100%). We […]
General overview for 25/02/2014 08:00 CET Not much has happened since yesterday’s analysis but this pair has been making more complex correction in wave b purple that looks like a triangle formation now. There is one more wave to the downside left, wave c purple, and when this wave is completed the overall correction will […]
Today’s Support and Resistance levels: R3:141.87 R2: 141.29 R1: 141.04 Current Spot: 140.67 S1: 140.30 S2: 139.59 S3: 139.59 Technical summary: Over the last couple of days, a minor b-wave triangle has been unfolding locking the price action into an ever more narrowing range. However, the triangle is likely to be close to terminating and […]
Crude prices were seen trading lower on Tuesday, dropping from its five-month high as investors wait for government report for hints over the US crude stockpiles. The American Petroleum Institute is expected to report later in the day, while further data will be released by the Energy Information Administration (EIA) on Wednesday. The West Texas […]
Forex trading resulted in the EUR/USD pair declining on Feb. 20, as global market participants responded to data that pointed to weak economic conditions in Europe. The common currency dropped to as little as $1.3685, according to Reuters. This was the second day when the euro declined against the greenback, after it rose to was […]
Gold prices dropped from its sixteen-week week high on Tuesday while the crisis in Ukraine continues to weigh on the metal, slowing bullion demand at higher prices. Gold for immediate delivery declined 0.1% to $1,335.83 an ounce at the time of writing. The precious metal climbed to its highest since October 31, reaching $1,340.04 earlier […]
When once a year the whole Mobile technology industry meets at one place, you have to be careful because you can run out of adjectives very fast. Awesome is the first one that comes to my mind. Huge companies showing the last in their design tables, the biggest names lecturing about their visions, newest, coolest […]
When once a year the whole Mobile technology industry meets at one place, you have to be careful because you can run out of adjectives very fast. Awesome is the first one that comes to my mind. Huge companies showing the latest innovations from their design labs, the biggest names lecturing about their visions, newest, […]
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:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
UBS AG attempting to reprise its success in limiting fines in an investigation of interest-rate rigging, is looking for immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said. UBS saved itself billions of euros in fines in December by disclosing […]
BlackBerry Ltd. shares marched higher after its QNX software was said to be favored by Ford Motor Co. for its next-generation Sync system. Ford, struggling with in-car technology flaws, will no longer use Microsoft Corp.’s Windows for Sync, instead basing the system on QNX, according to people briefed on the matter. Using QNX will be […]
Boeing Co. is having a hard time in looking for purchasers for 11 of its earliest 787 Dreamliners valued at $1.1 billion after two airlines dropped orders for the holdover models from the jet’s troubled birth, people briefed on the plans said. The partially completed planes, which are heavier than new 787s and can’t fly […]
Facebook Inc’s purchase of WhatsApp Inc. for $19 billion is increasing the allure of other fledgling businesses, some of them little known in the U.S., that specialize in letting users send messages. At least one company, Tango, has fielded takeover advances, according to Eric Setton, Tango’s co-founder. Naver Corp.’s Line has received an offer from […]
HSBC Holdings Plc, Europe’s biggest bank, logged a full-year earning that fell short analyst projections as a cost-cutting drive missed goals and revenue decrease. The stock sagged down in London and Hong Kong. Pretax earnings for 2013 skyrocketed 9 percent to $22.6 billion from $20.7 billion in the year-earlier period, the London-based bank said in […]
February 25, 2014 – Forex News Today’s Hot Asset: EUR/USD The euro edged slightly lower against the dollar yesterday despite a solid German Business sentiment report. The euro gained some support after the German IFO said its business climate Index came in high. Although German firms are benefiting from high export demand, emerging market volatility concerns […]
EURUSD: Though maintaining its broader upside, it requires a break and hold above the 1.3772 level to trigger that trend. Above here will turn attention to the 1.3800 level, its psycho level. Further out, resistance comes in at the 1.3893 level, its Dec 27 2013 high. A turn above here will pave the way for […]
Chinese Currency Slumps For Sixth Straight Day Morning Report: 08.45 London • This morning, China is under renewed pressure as its currency slides for the sixth straight day. The move is putting pressure on commodities and commodity related currencies. • Silver is down 0.77%, while the gold is off by 0.18%. • The Aussie dollar is also […]
February 25, 2014 – Daily Market News Today’s Hot Assets: USD, Gold, Oil Yesterday, mergers and acquisitions activity and a positive German confidence data sent stocks higher. Regulators also proposed cutting Medicare rates which was bullish news for healthcare stocks and insurance companies. After reaching a record during mid-trade, the S&P 500 lost some of […]
The S&P hit an intra-day record high on Monday at 1856.25. Prices fell back below key resistance of 1845.75 which is a level that has been retested several times and has been difficult for the market to stay above. The long-term trend is bullish as indicated by the moving averages. The 50, 100 and 200-day […]
February 25th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. Wall Street’s advance overnight thanks to Fed chair Yellen reiterating her pledge to support her predecessor’s stimulus policies. Despite some poor US economic data [poor weather still being blamed] the S&P500 index rose to 1847, about a point away from its record close registered […]
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Natural gas futures slumped the most in six years in New York, as meteorologists expected milder weather that could trim down demand for the heating fuel following a polar blast this week. Gas slipped 11%, the largest fall since August 20, 2007, after touching a five-year peak in intraday trading. A midday update to the National Weather […]
The dollar stood firm versus its peers in early Asian trade on Tuesday. Traders sought for clearer pace of the US economic recoup following a series of soft figures released in the last few weeks. The dollar index was sturdy at 80.21, close to the center of its range last week between 79.93 and 80.42, with riskless […]
Hello eToro community! I had been meaning to mention this for quite some time now, but things got the best of my time and so, here we go! I’ve been watching the Bitcoin for quite some time from the sidelines with a lot of interest and recently invested in Bitcoin. Now I don’t necessarily believe […]
The euro clenched the largest fall in more than a week versus the pound on speculations the European Central Bank may accrue monetary stimulus next week. The 18-nation currency stayed lower against the yen yesterday, before the ECB will released its inflation projection for 2016 on March 6. Norway’s krone and the Australian and New Zealand dollars topped […]
Asian share markets regained some momentum on Tuesday courtesy of a tailwind from Wall Street which paced to historic peak despite more mergers frenzy. The optimistic mood among investors in the United States and Europe also aided calm nerves on China, following talk of credit tightening banged property shares yesterday. MSCI’s widest index of Asia-Pacific shares outside Japan […]
For two straight days, copper plunged on woes the yuan’s weakness and lags in loans to the real estate market will damp demand for the metal in China, the world’s largest user. The contract for delivery in three months on the London Metal Exchange bounced 0.7% to $7,053.50 per metric ton and was settled at $7,062 by […]
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