The daily trend of the EURUSD is to the downside as the pair has been carving out lower peaks since December 27. Technical indicators are providing bearish signals – the RSI is showing falling momentum while the MACD has fallen below the zero level. The Bollinger band is edging lower and price action is capped […]
February 7, 2014 – Forex News Hot asset for today: EUR/USD The EUR/USD jumped up about 100 pips after 1.30PM (GMT) due to worse-than-expected Non-farm payrolls pre-data and due to European Central Bank President’s speech. Mario Draghi summed up the Euro outlook and potential downward risk. He said that ECB could take action next month […]
It was a mostly quiet session in Asia, as traders looked forward to the release of the US employment report for January later in the day. The euro was little changed against the US dollar, trading down a mere 0.02% at 1.3585. The euro rallied strongly following the inaction by the European Central Bank the […]
Subdued financial markets in Europe this Friday, a day after the ECB and BOE met to decide on policies. As expected, no change on policies by both central banks with the BOE likely to offer more clarity on forward guidance at next week’s Inflation Report while the ECB meeting yielded few surprises. ECB’s forward guidance […]
February 7, 2014 – Stock Market News Today’s Hot Asset – Boeing Stocks in Asia traded mixed today. Today marked the first working day following the Chinese Lunar New Year. Investors were cautious during today’s session, as they are look ahead to the upcoming NFP report that will be released in the U.S. later today. […]
European markets have opened higher today, extending the previous day’s sharp gains, as investors await the release of US non-farm payrolls data which is expected to show that hiring accelerated in January. Meanwhile, the National Institute of Social and Economic Research (NIESR), in its quarterly review, forecast that the UK economy would grow 2.5% in […]
AUDUSD: With the pair holding above the 0.8887 level, its Jan 22’2014 high there is risk of further upside in the days ahead. A turn above this level if seen will aim at the 0.9000 level, its big psycho level. Where a break will aim at the 0.9050 level and then the 0.9100 level. Its […]
February 6, 2014 – Indices News Asian markets mostly went up this morning after better than expected US ISM non-manufacturing PMI data reported growth in the service sector in one of Asia’s largest export markets. However, the worse than expected ADP Nonfarm Employment data still weighed down certain Asian Indices a little bit. All in […]
The major stock indexes started 2014 with losses of 5-7%. Many analysts say this is just a reaction to emerging markets’ weakness and that the U.S. economy is getting stronger. Don’t panic, in other words. But is this truly the case? Robert Prechter, president of Elliott Wave International, has released a new free report that […]
The major stock indexes started 2014 with losses of 5-7%. Many analysts say this is just a reaction to emerging markets’ weakness and that the U.S. economy is getting stronger. Don’t panic, in other words. But is this truly the case? Robert Prechter, president of Elliott Wave International, has released a new free report that […]
The euro rallied strongly against other majors, following the outcome of the ECB meeting, while the pound dropped slightly following the Bank of England announcement. The euro gained 0.53% against the dollar to trade at 1.3591, while it managed to gain 0.41% against the Japanese yen to trade at 137.68. The session was dominated by […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
A new year is a chance to start over, to open a new page, to learn from last year’s mistakes and to make resolutions to avoid making them again. That is why the 1st quarter of the fiscal year is a great time to take a fresh look at the business landscape and see which […]
Crude prices climbed on Thursday after the report from the US which revealed the demand for distillates dropped due to the freezing weather. Futures for the WTI for March delivery rose 0.31% higher to $97.69 per barrel on the New York Mercantile Exchange at the time of writing. At the same futures for the Brent […]
Forex trading resulted in the AUD/USD pair rising by more than 2 percent on Feb. 4, as global market participants were impacted by the latest information provided by the Reserve Bank of Australia. The currency pair gained 2.2 percent during the day, according to Reuters. This happened after lackluster economic conditions and the policies of […]
Shares in the Asian region advanced for a second day on Thursday as Australia reported an upbeat trade surplus on exports to China and comments from the deputy governor of the Bank of Japan (BoJ). Market participants are looking forward to the release of the US unemployment and payroll reports tomorrow and the European Central […]
GBPUSD: With GBP still maintaining above its horizontal at the 1.6259 level, upside risk is envisaged. This leaves the pair threatening further upside leaving the 1.6398 level as the next upside. Further out, resistance resides at the 1.6440 level, its Feb 03 2014 high where a breach will aim at the 1.6500 level. On the […]
February 6, 2014 – Stock Market News Today’s Hot Asset – Vodafone Stocks in Asia traded mixed throughout today’s early session. Investors were filled with caution, as they anticipate the upcoming U.S. data. They are also waiting for the outcome of the European Central Banks policy meeting to try and gain an idea regarding regional […]
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 April 19, 2024 April 19, 2024 Potential for the further drop on NAS100The material has been…Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision… April 19, […]
Weekend is near, before this though we have the smell of the upcoming NFP. Both the markets and our traders are preparing for the main event of the month. Tomorrow we will have plenty of time to talk about this, in the meantime as evening approaches, we have a very interesting ECB meeting that can […]
Australia produced some upbeat economic releases on Thursday, giving some welcome relief to the nation’s currency as the data bolsters the view that the Reserve Bank of Australia would keep rates steady for now and will not lower them further. According to Australia’s statistics bureau, the economy reported its biggest trade surplus in 2 years […]
February 6th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, ahead of the outcome of monetary policy meetings of the Bank of England (BoE) and the European Central Bank (ECB) due later in the day. Both central banks are set to leave their monetary policy intact. With no […]
Everybody is here for the ride Did you know that in high volatility (uncertain) times most investors are choosing to avoid certain currency markets, in an attempt to conserve capital ? As capital returned to the market after a bumpy winter holidays time, January was no different in terms of surprises as corrective counter-trends are […]
Bank of Japan policy makers trying to push investors into riskier assets to spark economic growth are meeting a new problems: a global equity rout that has driven local bonds to a record start to the year against stocks. Japan’s sovereign debt maturing in more than a year has bolstered 1.07 percent this year, while […]
Traders who expected a year when riskier bets would pay off are overhauling their foreign-exchange positions after an emerging markets rout led to the largest currency-fund declines to open the year since 2004. Hedge funds and other huge speculators shuffled holdings of the dollar, yen, pound, Mexican peso and four other major currencies by a […]
The foreign-exchange trading business was in a huge disturbance across Wall Street as senior executives resigned and others were fired amid an expanding investigation of possible currency manipulation. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, asked more than a dozen companies including Deutsche Bank AG, Goldman Sachs Group Inc. and Citigroup Inc. […]
Treasuries decline, sending 10-year yields up from almost a three-month low, and U.S. stocks closed in a downbeat statement as investors dissected reports showing progress in jobs and acceleration in service industries. Silver and gold paced advances in commodities. Ten-year yields skyrocketed four basis points to 2.67 percent while the S&P 500 backslide 0.2 percent […]
February 6, 2014 – Daily Market News Today’s Hot Assets: EUR, GBP, USD The US ADP Nonfarm Employment Change came out below expectations increasing uncertainty around the economic outlook. Markets are becoming increasingly cautious as it boosts speculation that tomorrows NFP report could also be a disappointment. Stocks declined but losses were limited as weak […]
The euro remains stable on Thursday, prior to European Central Bank (ECB)’s policy review. The Australian dollar escalated as strong data reinforce its dovish stance that the Reserve Bank of Australia (RBA) has already reduced interest rates. Most key currencies firmed to fairly slender ranges before key event risks such as the ECB’s policy decision […]
Sony Corp. warned it would now swing a ¥110 billion (or $1 billion) annual net loss for this year until March 31, instead of the ¥30 billion postulated profit more than three months ago. The Japanese electronics company, which has its credit rating placed to junk by Moody’s in January, also disclosed it would sell […]
