Overview: USD/JPY is expected to trade in lower range after hitting two-month low 100.76 Tuesday.It is underpinned by yen-funded carry trades amid improved investor risk sentiment (VIX fear gauge eased 10.87% to 19.11, S&P rose 0.76% overnight) on rise in U.S. ISM-NY current business conditions index to 64.4 in January from 63.8 in December, smaller-than-expected […]
Bulls have managed to hit fresh highs (around 1.1220) since 2009. Temporarily, USD failed to keep its gains against CAD, and the USD/CAD pair was pushed to the downside, thus indicating weakness of the ongoing bullish momentum. This is manifested in the recent weekly candlestick closures depicted in the chart. The prominent resistance zone is […]
Trading recommendation: The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 0.8255 and the second target at 0.83. […]
Overview: GBP/JPY is expected to trade in lower range. It is underpinned by reduced investor risk aversion and demand from Japan importers. But GBP/JPY gains are tempered by the Japan exporter sales. Daily chart is still negative-biased as MACD is bearish; stochastics stays suppressed at oversold zone, 5 and 15-day moving averages are declining. Trading […]
The GBP/USD pair failed to fixate above 1.6600 on January 24. Instead, a strong bearish impulse initiated quickly pushing the pair towards 1.6250 . Around 1.6250, previous multiple tops were established. That’s why a considerable support is expected to be found there. Near 1.6250 extending down to 1.6200, the lower limit of the ongoing bullish […]
Fundamental news headlines played a role in currency moves today as some key economic data from all regions were released, including the Eurozone, the UK and the US. The British pound was the main currency that was impacted by data and was one of the worst performing currencies during the European session. Sterling fell against […]
A breakout above the previous resistance level of 1.3450 allowed bulls to higher levels around 1.3650, and then 1.3750 within the bullish channel. Later on, obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Instead, a breakdown of the lower limit of the depicted bullish channel took place on […]
Overview: USD/CHF is expected to range-trade. It is and supported by the reduced safe-haven appeal of franc as risk aversion recedes. But USD/CHF upside is limited by the franc demand on buoyant CHF/JPY cross. Daily chart is mixed as stochastics is neutral, MACD is in bearish mode, inside-day-range pattern was completed on Tuesday. Trading recommendation: […]
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 […]
RSA insurance announced late yesterday the appointment of their new CEO, the new man to front the company will be Stephen Hester, the former boss of RBS and the man credited with helping its turn around in fortunes after the credit crunch. RSA removed a number of senior staff and executives late last year after finding “financial […]
The volume of retail sales in the Eurozone fell by more-than-forecast in December, as the Christmas shopping season failed to tempt shoppers to spend more. The drop in sales marked the biggest fall since May 2011. According to the EU’s statistics office Eurostat, the volume of retail trade in the 17-member euro area fell 1.6 […]
The GBP/USD pair successfully achieved its projection target around 1.6600 after the bullish breakout above 1.6250. This price level is acting as a daily resistance for the pair until now. Last bullish movement exceeded 1.6600 rendering 1.6666 as the highest price in January. However, bearish engulfing daily candlestick was immediately expressed off these high levels […]
February 5, 2014 – Stock Market News Today’s Hot Asset – Twitter Stocks in Europe are currently trading mixed during a very turbulent session so far today. Investors are keenly awaiting the U.S. jobs data due to be released later in the session and this is causing uncertainty. The data will be released whilst the […]
West Texas Intermediate (WTI) climbed during the Asian trading session on Wednesday amid the cold weather in the US, the world’s biggest oil consumer. Futures for the North American WTI crude for March delivery added 0.60% higher to $97.88 per barrel on the New York Mercantile Exchange at the time of writing, while the Brent […]
The services sector for the 18-bloc eurozone expanded in January, showing an improvement for the sixth month in a row, data from Markit Economics confirmed on Wednesday. Eurozone’s final Purchasing Managers’ Index (PMI) for the services sector expanded by 51.6 points in January, slightly higher than the reading of 51 seen in the previous month […]
Overview: Since our last analysis, gold has been trading upwards. The price tested the level of 1,252.20 on lower volume. Our previous analysis is still valid and if the price breaks the area of 1,266.00 on higher volume, we may expect further bullish movement and continuation of the bullish corrective phase. Otherwise, if the price […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, we tested the level of 1.6363 on ultra high volume (selling climax). We can observe selling climax at the price 1.6363 and also testing of our Fibonacci Retracement 61.8 % (1.6432).. Be careful with selling this pair since we got selling climax and […]
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 […]
February 5, 2014 – Commodities News Hot Asset For Today: Gold After the price of Gold sharply increased to $1,266/ounce on Monday afternoon the price reversed and dipped to $1,248/ounce as the U.S. Factory Orders came out slightly better than expected. The price of Gold also reacted to the good performance of U.S. stocks and declined […]
February 5, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD has been moving sideways between 1.3495 and 1.3540 since the pair reacted to the very disappointing U.S. ISM Manufacturing PMI. Yesterday the Spanish Unemployment change again showed a serious problem for the Spanish labor market. Contrarily U.S. Factory orders showed a better […]
Initial read of GlaxoSmithKline numbers; just had a quick read of GlaxoSmithKline FY numbers; slightly better than expected with EPS at 31.1p versus estimates of 30.8p – markets were looking for flat EPS. Revenues in at £26.51billion, in line with estimates, up 1% on the year. Q4 revs better than expectations at 6.91billion versus expectations […]
USDCAD: With its corrective weakness triggered off the 1.1223 level yet to be over, further decline is the likely scenario. USDCAD may be retaining its long term uptrend but its immediate outlook remains to the downside. Nearby support comes in at the 1.1040 level where a violation will aim at the 1.1000 level. Further down, […]
February 5, 2014 – Forex News Hot asset for today: GBP/USD The EUR/USD has been moving sideways between 1.3495 and 1.3540 since the pair reacted on very disappointing U.S. ISM Manufacturing PMI. Yesterday the Spanish Unemployment change again pointed on serious problem on Spanish labor market. Contrarily the U.S. Factory orders showed better than expected […]
Yen dampens rebound Morning Report: 08.45 London • After a muted recovery yesterday, markets are once again looking shaky this morning. There is not movement to speak of on stock markets, but the lack of a compelling rebound could be telling. • The biggest mover is the AUD/JPY, as the Aussie’s post rally sell off […]
Toyota Motor Corp. President Akio Toyoda has put the firm his grandfather established on the road to record profits after years of battling one crisis after another. The shares bolstered the most in seven months. The carmaker yesterday reported earnings quintupled last quarter and increased its projection for the fiscal year ending March 31 to […]
House Republican leaders haven’t ruled out a “clean” U.S. credit ceiling hike as a last option to avoid default unless lawmakers can agree on what conditions to look for in exchange, a party aide said. The party aide sought anonymity to characterize the private transactions. Several Republicans stated today they haven’t lined up enough votes […]
Emerging-market stocks sagged down, extending the worst opening to a year on record, on concern the global economic recovery will wane. Lenovo Group Ltd. drove a selloff in technology firms after five analysts depreciates. The MSCI Emerging Markets Index relinquished 1 percent to 917.74, a five-month low. The pullback brought this year’s retreat to 8.5 […]
Panic is making an enemy of telephones for Catherine Yeung, the director for equities at Fidelity Investment Management Ltd. in Hong Kong. “My children hate that BlackBerry,” said Yeung, whose clients have been calling amid two weeks of declines that erased $3 trillion from global stocks. She’s advising calm, noting that profits are rising and […]
February 5th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as persisting concerns over further cuts to the Fed’s bond buying size overshadowed a rise in US factory orders excluding transportation. Closer home, the British Retail Consortium revealed tough trading conditions as UK retailers slashed prices at the […]
Weakness to overcome resistance at 81.40-50 will eventually bring the index back to its support levels at 80.40. This weakness sign makes us prefer short positions at current levels with 81.50 as a stop reverse. Short-term support is found at 80.60-40 and this is the first area we could see the decline pause. The short-term […]
