Overview: It should be noted that the price of the GBP/USD pair was not stable because the trend has been moving between 1.6630 and 1.6710 since February 17, 2014. Accordingly, it is of the wisdom to be careful in this area. So, the first step is waiting in this spot before investing. As a result, […]
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GBPJPY – The cross remains biased to the upside in the medium and long terms but now faces corrective downside. In order for it to resume its uptrend, it will have to break above the 171.15/87 levels. A breach could force further upside towards the 172.50 level. Further out, resistance resides at the 173.64 level. […]
The EUR/USD was back on the offensive in the second half of the week, as disappointing data from Markit Economics set the pace. The pair appeared poised to test 1.38 earlier in the week, as the markets absorbed a plethora of data from both sides of the Atlantic. The Eurozone manufacturing industry expanded at a […]
The USD/CAD pair broadened its gains amid signs the Canadian economy will face headwinds getting back to full capacity. The pair soared in the mid-week session despite several pieces of disappointing US data. Weak US housing starts and building permits data were overshadowed by a rapid decline in Canadian wholesale sales. While not a high […]
Relative idleness didn’t harm the British pound toward the end of the week, as investors assessed a steady stream of Eurozone data. Markit Economics’ gauges of Eurozone services and manufacturing disappointed forecasts, suggesting the currency region still has hurdles to clear before achieving economic stability. Ahead of the North American session, the EUR/GBP pair was […]
Overview: USD/JPY is expected to trade in a lower range. It is underpinned by the positive dollar sentiment (ICE spot dollar index last 80.19 versus 80.00 early Wednesday) after the Federal Reserve meeting minutes showed support for the current pace of cutbacks to its bond-buying program and the Fed’s officials also started to debate when […]
Overview: GBP/JPY is expected to trade with risks skewed lower. It is undermined by the increased investor risk aversion and Japan’s export sales. But GBP/JPY losses are tempered by the demand from the Japanese importers. Daily chart is still positive-biased as MACD and stochastics are in bullish mode. Trading recommendation: The pair is trading below […]
Overview: NZD/USD is expected to trade in a higher range with limited upside. It is undermined by the positive dollar sentiment, kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion, kiwi sales on buoyant AUD/NZD cross and 0.7% on-quarter drop in New Zealand 4Q producer input prices and 0.4% drop in output […]
Overview: USD/CHF is expected to trade in a higher range after hittingits near eight-week low at 0.8854 on Wednesday. It is underpinned by the positive dollar sentiment, drop in Switzerland’s ZEW-Credit Suisse indicator of economic sentiment to 28.7 in February from 36.4 in January and franc sales on soft CHF/JPY cross. But USD/CHF gains are […]
What incredible news! In the small hours of this morning there was a huge announcement that took us by surprise: Facebook, the world’s largest social network – a pioneer amongst others – bought WhatsApp for $19 Billion…Yes I told you incredible news! So let’s see what the community has to say about it. Facebook bought WhatsApp […]
Preliminary Eurozone PMI data were disappointing today and hurt sentiment for the euro. According to flash estimates released by Markit Economics, both of France’s services and manufacturing PMI numbers remained in contraction territory (below 50) this month. Germany – Europe’s engine of growth – experienced a bigger slowdown than expected in its manufacturing sector this […]
Eurozone flash Purchasing Manager Indices (PMIs) for February gave mixed signals regarding the region’s economic performance. The indices were worse than expected, both with respect to services as well as manufacturing. Manufacturing output actually dropped to 53 in February from January’s 54, whereas services actually managed to rise slightly to 51.7 from 51.6. Economists had […]
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 […]
Trading Harmony Trading harmony and harmony with the markets is essential in financial trading as with any other aspect in life. The reason is that being well aware of what this type of technical analysis method (harmonic patterns in the currency markets) is about can prove crucial in building a proper trading plan and related […]
This is the second part of my two part Technology & Social Media’s Impact on Markets article. You catch up on Part 1 here. Technology and Social Media Impact Even though many would argue that social media would not affect the financial markets Carl Icahn’s actions on 13th August 2013 have proved otherwise. While working at […]
Hi everybody, Let’s continue with this article series “Top Investors are like Hedge Funds” with a third installment! If you want to check out the previous articles, just go to my author page, clicking on my name at the top of this page Alright, we’re all set. So this time around I want to discuss […]
February 19, 2014 – Indices News The Asian session received mixed data today as traders were tracking the BOJ monthly report. The government of Japan described it`s consumer spending as positive, stating that they are in progress to fight deflation. This caused the JPY to rally against USD. As a result stocks dropped causing the […]
USD/CAD Elliott Wave After two weeks of trading in the strong downtrend, the USD/CAD pair found support yesterday at the 1.0905 level, and we can currently see the price trading around the 1.1070/80 area. In the 1-hour chart of the pair, we can see that upper channel line has been broken after an ascending move […]
AUD/USD Elliott Wave For the last couple of days, the AUD/USD pair has been trading downwards, we looked first at this pullback as the FLAT correction inside the (ii) wave, but since our short term invalidation gave up according to our rules, we have slightly adjusted our primary elliott wave count for the pair. In […]
Overview: Since our last analysis, gold has been trading downwards, the price tested the level of 1,308.46 on average volume. This bearish movement may signal the end of the major bullish corrective phase. We saw decreasing volume on upper leg, which casued the price to start bearish phase. The price rejected from our FR 61.8% […]
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Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price rejected from the level of 1.6668 on ultra high volume (selling climax). We can observe selling climax at the price of 1.6511, so selling at this stage looks risky. The EUR/NZD tested our first major upper station FE […]
West Texas Intermediate (WTI) futures were seen trading lower on Thursday, dropping from a four-month high seen in the previous session. Crude prices were dragged lower by China’s manufacturing data which dropped to a seven-month low. Crude traders will focus on the release of the US crude stockpiles report due later in the day. The […]
The euro traded lower against the US dollar on Thursday after reports revealed that Germany’s manufacturing sector slowed more than expected in February. The 18-bloc currency fell 0.27% lower at $1.37 against the US dollar at the time of writing, after the euro opened around $1.3730. Euro – Germany’s PMI The manufacturing sector for the […]
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 […]
Federal Reserve policy makers backed away from their year-old commitment to consider increasing interest rates when unemployment sags down under 6.5 percent. With unemployment declining faster than assumed even as other labor-market indicators show weakness, policy makers agreed it would “soon be appropriate” to revise their guidance about how long the era of record-low interest […]
February 20, 2014 – Forex News Hot asset for today: EUR/USD Despite the very important Meeting Minutes report the EUR/USD pair did not move significantly. The pair remained between 1.3725 and 1.3765 the whole day. The pair traded around 1.3765 before the FOMC Meeting Minutes report where traders expected some changes to monetary policy with […]
Janet Yellen is discovering that when it comes to offering financial stimulus, the Federal Reserve is damned by emerging markets when it does and damned when it doesn’t. Sixteen months after she utilized a Tokyo assembly of global policy makers to defend her institution versus criticism it was buying too many assets, Fed Chair Yellen […]
U.S. stocks sagged down with Treasuries while the dollar bolstered as Federal Reserve meeting minutes signaled stimulus slashes would likely continue in measured steps and the International Monetary Fund warned of risks to global development. Ukraine’s bonds plummeted while U.S. natural gas spiked up. The Standard and Poor’s 500 Index relinquished 0.7 percent by 4:43 […]
