Gold prices dropped from its highest level since November as advance in stocks reduced the demand for the metal. Stocks were seen trading to its highest level in over two weeks, as the Federal Reserve’s (Fed) new Chairwoman Janet Yellen made her first speech before congress on Tuesday in which she hinted the Fed will […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
Crude prices advanced to its highest level on Wednesday after China released its upbeat trade data for January and reports showed distillate stockpiles dropped last week in the US, the world’s biggest oil consumer. WTI for March delivery rose 0.55% higher to trade at $100.49 per barrel on the New York Mercantile Exchange at the […]
Markets extend Yellen bounce Morning Report: 08.30 London • Financial markets are on the rise this morning after Janet Yellen confirmed her commitment to Quantitative Easing. • The risk-on currencies of the Australian and New Zealand dollars are also performing well after Chinese imports and exports came in above estimates. • Precious metal commodities by […]
February 12, 2014 – Stock Market News Today’s Hot Asset – Daimler AG Stocks in Europe are currently trading higher today. Stocks were trading higher following the Janet Yellens testimony yesterday combined with upbeat Chinese trade data. This gave investors a huge boost of confidence and allowed them to start investing in stocks more freely […]
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Gold price continued its upward trend towards our $1,300-$1,320 target. The trend remains up. Gold price makes higher highs and higher lows. Support trend line remains below Gold price confirming bullish trend. Ichimoku cloud in the 4 hour chart remains support. Gold price has reached $1,293 only $7$ away from our target. We believe that […]
The Dollar index remains in downtrend but has found support above the 76.4% Fibonacci retracement at 80.40-45 which was also a previous consolidation area. If prices continue to trade above 80.40, then the index will increase chances of making another upward move towards 81. Short-term resistance is found at 80.80-85. Breaking above this level will […]
EUR/USD: This is a bull market and it is understood that it would not go in a straight line. The price is projected to go northwards. There is now a temporary pullback on the EUR/USD, but there is a target at the resistance level of 1.3700. The support level at 1.3600 is a ready hurdle […]
February 12th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, after China reported a surprise widening in its January trade surplus and as investors cheered the US Federal Reserve Chair Janet Yellen’s reassurance of a supportive US monetary policy. Closer home, investors await the release of the UK […]
General overview for 12/02/2014 09:00 CET: Complex corrective structure looks finished and impulsive wave development can be noticed from the level of 1.1090. This progression has not been finished yet and there is two more wave needed to complete the cycle. The nearest resistance is at the level of 1.1001 and the target for wave […]
Today’s Support and Resistance levels: R3: 1.6476 R2: 1.6419 R1: 1.6348 Cureent spot: 1.6309 S1: 1.6287 S2: 1.6238 S3: 1.6214 Technical summary: The break below support at 1.6344 indicates that a more complex correction is unfolding, than we expected. Wave E is allowed to decline to support at 1.6214 but it can not break below […]
Today’s Support and Resistance levels: R3: 140.54 R2: 140.30 R1: 139.93 Current spot: 139.78 S1: 139.28 S2: 138.72 S3: 138.17 Technical summary: Support at 139.50 did protect the downside for one last rally higher towards 140.30 (just 5 small pips above our 140.25 target). We are now looking for a break below support at 139.28 […]
February 12, 2014 – Daily Market News Today’s Hot Assets: EUR, GBP Janet Yellen testified yesterday for the first time as Chairwoman of the Federal Reserve. She stated that the Fed will most likely continue to taper the monetary stimulus if incoming information supports the expectation of continued improvement in the labor market conditions and […]
The Toyota Motor Corp. will revoke its 1.9 million Prius hybrid vehicles worldwide to fix the software glitch on Wednesday. The Japan-based automaker said the faulty software could slow down or halt the car. The affected vehicles are the third generation of the Prius, the company’s flagship gasoline-electric powered car, that was produced since March 2009. The material has […]
On the sixth day, Asian stocks soared high while the Australian dollar strengthened to its highest peak in a month. The copper led profits in base metals after the Chinese trade outdone postulations. The South Korean won and Malaysian ringgit also ascended. The MSCI Asia Pacific Index gained 1.2% as of 12:44 p.m. (Tokyo time). A benchmark […]
The natural gas climbed on the second day despite speculation the US inventories of the heating fuel dropped more than its average last week, as cold hyped demand. Futures increased 4.2% in New York, prolonging its 5.4% profit yesterday. Analysts predicted supplies would drop by 232 billion cubic feet in the week ended February 7 prior to the […]
The latest winning streak in gold was in peril on Wednesday, with prices for the precious metal broke out after having surged 7% so far this year. Gold to be delivered in April delivery sank $3.80 or 0.3%, to $1,285.90 per ounce, while Silver to be delivered in March missed a nickel to $20.11 per ounce. Standard Bank’s […]
The dollar plunged against the British pound and the Australian dollar on Tuesday, following the data that amplified growth in the UK and Australia, while investors assessed the report from the US Federal Reserve Chairwoman Janet Yellen. Her testimony also cited the Fed would trim its monthly bond buying if the economy would keep on improving in line […]
European stocks bolster for a fifth day as Federal Reserve Chairman Janet Yellen promised to continue trimming down stimulus as the economy strengthens. Car makers logged the largest increase among 19 industry groups in the Stoxx 600 after Goldman Sachs Group Inc. boosted its progress estimate for auto sales in western Europe. Michelin & Cie. […]
U.S. stocks soared a fourth day and Treasuries slumped as comments from Federal Reserve Chairman Janet Yellen fired up bets the economy is powerful and stable enough to weather further stimulus trims. Gold extended an advance to five days. The Standard & Poor’s 500 Index skyrocketed 1.1 percent at 4 p.m. in New York, capping […]
Gold is looking bullish and has formed a rising channel. The market appears to have carved out a base at the December 31 low of 1182.16. The daily chart indicates there has been a relatively strong upside momentum since the bounce off this low. A catalyst for the upside-move occurred when prices broke above the […]
Federal Reserve Chairman Janet Yellen committed to maintain her predecessor’s policies by scaling back stimulus in “measured steps” and indicated that the bar is high for a change in that plan. Only a “notable change in the outlook” for the economy would trigger policy makers to trim down the pace of tapering, Yellen said in […]
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General overview for 12/02/2014 08:30 CET: After hitting 78%Fibo at the level of 140.17, the price has declined fast and this leg down might be labeled as wave c of the overall corrective cycle in wave (ii). Currently the most important is the golden trend line breakout as this line has been providing good resistance […]
USD/CAD Elliott Wave The USD/CAD pair found resistance yesterday, and we see some downward movements in the b wave (coloured blue) of the bigger wave (a) (coloured red) that is currently developing. In the 1-hour chart, we can see that corrective wave b (coloured blue) has completed developing at 1.1091 and from there we are […]
AUD/USD Elliott Wave Yesterday, the AUD/USD pair has continued trading upwards, just like we expected, impulsive wave (v)/(iii) (coloured black) of the bigger wave [i] (coloured green) has been developing. In the 1-hour chart of the AUD/USD pair, we can see that we are currently in the final wave v of (v) that is taking […]
Market focus was on strong trade data from China on Wednesday, which helped lift risk sentiment as the slowdown in growth in the second largest global economy was not as bad as feared. China reported the widest trade surplus since January since 2009, as its exports beat expectations by far and rose 10.6% compared to […]
WM Morrison’s owners have been on the ringer to private equity firms to see if any of them are interested in taking the food retailer private – reported names include CVC Capital and Carlyle Group – two of the most likely candidates. WM Morrison shares respond well to the reports by moving higher early Wednesday […]
Technical outlook and chart setups: 1. Silver continues to trade within the discussed range of $19.00 and $20.00 respectively. A push above $20.50 is required to accelerate higher towards sub $22.00 and $24.00 levels. It is still recommended to remain long and also look to buy on dips towards range bottom. 2. Immediate support is […]
