Overview: GBP/JPY is expected to consolidate. It is undermined by waning investor risk tolerance and Japan’s export sales. But EUR/JPY losses are tempered by the demand from the Japanese importers and loose BOJ monetary policy. Daily chart is still positive-biased as MACD is bullish, stochastics stays elevated at overbought zone, five-day moving average is above […]
Overview: USD/CHF is expected to trade with risks skewed lower. It is undermined by the weaker U.S. dollar sentiment and franc demand on soft EUR/CHF cross. But USD/CHF downside is limited by the franc sales on retreating CHF/JPY cross. Daily chart is negative-biased as MACD is bearish, stochastics is reverting to the bearish mode at […]
Overview: NZD/USD is expected to trade with risks skewed lower. It is undermined by subdued investor risk appetite, but NZD/USD losses are tempered by the weaker U.S. dollar sentiment and hawkish Reserve Bank of New Zealand’s monetary policy stance and kiwi demand on soft AUD/NZD cross. Daily chart is mixed as MACD is in bullish […]
Overview From the today’s H4 chart and as it was expected last week, we should wait for breaking the resistance area of 171.50-172.00 before making the decision to continue the bullish move. Today and as shown from the H4 chart, the pair failed to break this resistance area and bounced from it to stabilize below […]
Overview Last week we expected that the metal takes an upward move in case of closing above the resistance level of 21.75 Today, as it is shown in the H4 chart, the metal took a slightly upward move after breaking the Resistance level and managed to close 4H above it. Currently, it is approaching the […]
An unexpected rise in German business morale gave a boost to the euro which rallied close to a 7-week high versus the dollar. Gains were capped after Eurozone annual inflation came in well below the European Central Bank’s target. The February German Ifo business climate index reached its highest level since July of 2011, hitting […]
General overview for 24/02/2014 14:20 CET The upside correction for wave 2 green has been developed in a form of abc ZigZag structure and it looks like it is finished. Currently, the market has broken down below the intraday golden trend line and it looks like the impulsive decline is in progress here. The most […]
Once you try it you won’t leave it. Mobile makes really easy to make great investment decisions, and you can enjoy the etoro OpenBook, CopyTrader and WebTrader from your mobile device. All this weeks we have had so many news coming from Mobile Users and you will be happy to know that today began the […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – UK unemployment to shake sterling – 19 February 2014 Written by the easy-forex team Currencies The euro (EUR) continues to rise against the US dollar (USD) as the pair moves above 1.37616. The single currency has risen above a one month high as the dollar […]
News that the German IFO business climate index in February reached its highest level since July of 2011 was further evidence that the German economy was on a steady path of recovery during the course of 2014. The business climate index came in at 111.3, versus 110.6 the previous month and also 110.6 that economists […]
General overview for 24/02/2014 13:30 CET Starting from the weekly time frame there are two possibilities of further market movements as the main and alternative count. The main count still indicates a possible one more wave upside, with target above the level of 145.64. This scenario is valid as long as the level of 135.50 […]
Since January 24, the EUR/AUD pair has been moving to the downside within the depicted bearish channel. On February 13, the bulls expressed a bullish breakout above the upper limit indicating weakness of the ongoing bearish momentum. Simultaneously, the bulls established an inverted Head and Shoulders pattern off 1.5000. The neckline is roughly located at […]
A considerable support was provided around 1.6250. This price level corresponds to the previous multiple tops as well as recent bottom. A breakthrough above the price zone of 1.6590-1.6660 opened the way directly towards the upper limit of the depicted channel around 1.6820 where the bulls established a recent top around. As expected, a bearish […]
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 […]
Fresh highs (around 1.1220) have been recently visited after long-time absence. Recently, USD failed to keep its gains against CAD, and the USD/CAD pair was pushed to the downside indicating weakness of the ongoing bullish momentum. It’s important to note that the pair has an established consolidation zone between 1.0850 and 1.0960. This renders the […]
Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,334.16 on volume above the average. The Gold is on critical resistance area and the levels of 1,335.00 (FE 100%) and 1,337.00 (FR 61.8%) are very important. We can observe decreasing volume on upper leg, which is potential sign […]
China drive developing markets in hitting back at the U.S. as India and South Africa kept up pressure on the Federal Reserve to deal with the spillover effects of tapering its bond-purchasing program. A day after Treasury Secretary Jacob J. Lew questioned the pace of China’s economic opening, Chinese Finance Minister Lou Jiwei stated yesterday […]
Volkswagen AG’s 6.7 billion-euro ($9.2 billion) bid for the rest of Scania AB is key to increasing earnings at its three truck brands by sharing technology and components in the same way that VW’s passenger-car brands have already successfully done. The Wolfsburg, Germany-based manufacturer argues that using similar parts at its commercial-vehicles operations is critical […]
Janet Yellen, in her first global forum as Federal Reserve chairman, won praise for helping smooth emerging-market concerns as the Group of 20 nations promised to be mindful of international repercussions of financial policy. In the lead up to the concluding communique released yesterday in Sydney, India and South Africa were among nations calling for […]
The bullish impulse managed to bypass the upper limit of the bearish channel. The upper limit of the bearish channel also corresponded to 50% Fibonacci level that got broken too. This opened the way towards 1.3730 (61.8% Fibonacci Level). Breakthrough above which opened the way directly towards 1.3770. Continuous fixation above 1.3730 is a must […]
The pair remains in the bearish impulse initiated off its peak around 1.6820. On Friday, the pair had reached 1.6724 before prominent bearish rejection was expressed to achieve daily closure at 1.6615 resulting in a “Shooting-Star” daily candlestick. Breakdown of 1.6600 handle is essential to confirm reversal and trigger a stronger pullback, which will pause […]
The U.S. and fellow industrial countries turned the tables on emerging nations by demanding they do more to aid economic development after some blamed the Federal Reserve for roiling currency markets. On the eve of discussions among Group of 20 finance chiefs in Sydney, U.S. Treasury Secretary Jacob J. Lew and U.K. Chancellor of the […]
The Masters of the Universe immortalized by Tom Wolfe in his 1987 novel “The Bonfire of the Vanities” are feeling like mere mortals. The Wall Street banks known as main dealers because they get to exchange with the Federal Reserve and provides the money that the U.S. government needs to manage are concerned that they […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards like we expected, the price tested the level of 1.6620. Our previous analysis is still active. We saw selling climax at the price of 1.6517, so selling looks risky. Our upper station is still valid, so major upper station is a level around […]
February 24, 2014 – Forex News Hot Asset For Today: EUR/USD The euro ratified daily losses against the greenback on Friday. This was due mainly to the slump in sales of US homes which lead to greater concerns that the severe weather conditions, to a certain extent, may have hindered the growth of the US […]
The Dollar index has reached our upward target of 80.40 and reversed. Resistance at 80.40 proved strong for bulls and prices got rejected and the trend reversed downwards once again. Short-term support is found at 80 where the previous bounce started. Short-term resistance is found at 80.35-40. The current upward bounce could have completed the […]
Mobile trading hasn’t been around for very long, but for many of us it has already become an inextricable part of the investment experience. Anyone who’s ever stepped away from the computer with an open position in a volatile market can tell you that the levels of stress you experience in those moments are almost […]
February 24, 2014 – Daily Market News Today’s Hot Asset: EUR Following weak US Existing Home Sales data on Friday, US stocks moved lower; The S&P 500 and Dow Jones both declined 0.19%. The Federal Reserve have continually stated that they will pay close attention to data when deciding the pace at which it will […]
Markets slip on Chinese lending slowdown fears Morning Report: 08.45 London • This morning, financial markets have a slight negative edge on fears that Chinese banks are pulling back lending to the real estate sector. The S&P 500 is caught in a trading range, not helped by ongoing uncertainty in Ukraine. • On FX markets, the […]
February 24th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, tracking losses in major Asian markets and on Wall Street. Meanwhile, ECB president Mario Draghi reiterated the central bank’s willingness to introduce further stimulus if Eurozone’s inflation outlook worsens. With no release of major domestic economic data during […]
