Overview: USD/JPY is expected to consolidate with bearish bias after hitting seven-week low 101.77 this morning.It is undermined by the flows to haven yen and unwinding of JPY-funded carry trades amid elevated risk aversion (VIX fear gauge spiked 31.74% to 18.14, S&P tumbled 2.09% Friday) on fears over emerging markets, Chinese economic slowdown and further […]
Overview: GBP/JPY is expected to consolidate with bullish bias. It is гndermined by the increased investor risk aversion and Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is negative-biased as MACD is bearish, stochastics is reverting from bearish mode at oversold, 5 and 15-day moving averages are falling. […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting near-one-month low 0.8901 on Friday. It is undermined by flows to haven franc amid elevated risk aversion and Swiss franc demand on soft EUR/CHF cross. But USD/CHF losses are tempered by franc sales on soft CHF/JPY cross. Daily chart is negative-biased as MACD and […]
Overview: NZD/USD is expected to trade with bearish bias.It is undermined by Kiwi sales on soft NZD/JPY cross on amid increased investor risk aversion. But NZD/USD losses are tempered by the hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is negative-biased as MACD and stochastics are bearish; five day moving average is […]
Currency markets began to digest the big moves occurring earlier in the day due to the emerging market sell-off and nervousness began to subside a little, allowing the dollar to recover from 2-month lows against the yen. The Japanese currency typically benefits from safe haven flows during times of risk aversion in the financial markets. […]
January 27, 2014 – Stock Market News Today’s Hot Asset – Apple Stocks in Europe are currently trading lower. Investors are starting the week focusing their attention on currencies and this neglecting of stocks is causing the drop in values. Stocks usually rebound quite quickly which should create some great call positions within binary options. […]
A breakout above 1.3450 allowed the bulls to push within the bullish channel to hit higher levels around 1.3650 then 1.3750. This bullish momentum was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Instead, breakdown of the depicted bullish channel took place shortly after (January […]
The bulls managed to reach new price levels (around 1.1170) that haven’t been reached since 2009. This bullish momentum is purely fundamental-induced due to the positive data from the United States. Expectations that Federal Reserve would cut the cash facilities at the next meeting enhanced the USD strength against major currencies. However, the USD failed […]
Shares in Vodafone (VOD.L) fell this morning as US telecoms giant ruled out any bid for the company for now. The company had been thought to be interested in a bid for Vodafone after speculating in October that Vodafone may present a great opportunity for entry into the European market. AT&T was asked to clarify […]
Punch Taverns (PUB.L) the Pub Landlord group today released a statement in response to fresh opposition to its recent restructuring plan released on the 15th January. A group of creditors including funds managed by Oaktree Capital Management, Angelo Gordon Europe and Warwick Capital Partners have pledged to oppose Punch Taverns proposals in their current form and say the […]
The GBP/USD pair successfully achieved its projection target around 1.6600 after the bullish breakout above 1.6252 took place on November 27. Further bullish movement took place towards the recent high at 1.6666. However, bearish engulfing daily candlestick was expressed on Friday. This brought the pair back below 1.6600 extending down to 1.6475 (the recent top […]
West Texas Intermediate (WTI) traded slightly higher at the start of the trading week during the Asian trading session, as the freezing weather in the US increased the demand for heating oil. The North American crude oil for March Delivery was up 0.07% at $96.71 per barrel, on the New York Mercantile Exchange at the […]
The Japanese yen dropped from its two-day gain against the greenback and Europe’s common currency on Monday after reports from the Japanese government revealed that the nation’s trade deficit increased to a record last year. The yen dropped from a seven-week high against the US dollar as Treasury yields in the US advanced, while investors […]
January 24, 2014 – Stock Market News Today’s Hot Asset – McDonalds Stocks in Asia traded mixed during today’s early session. Investors within Japan started to look for safer investment opportunities and that combined with the disappointing manufacturing data released in China yesterday did not give investors much reason for optimism. Stocks in Europe are […]
Overview: Since our last analysis, gold has been trading upwards, as we expected, the price reached our major target level at 1,279.10 on lower volume. We can observe rejection from our FR 38.2% and volume leveling off at 1,279.00 which is sign that buying at this stage looks risky. Since the price has met our […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6685 on high volume. Currently, we can observe demand on the market and selling looks very risky. The price has reached our target level at 1.6690, and our next upper station is 1.6800 (Fibonacci […]
Insurer Royal Sun alliance Plc (RSA.L) needs to raise capital following the recent scandal in Ireland and fill a hole in its balance sheet to cover the extra capital pumped into its Irish business. The company needs to raise an estimated £500M and part of this will be covered by the proposed sale of its […]
January 27, 2014 – Daily Market News Today’s Hot Assets: WTI Crude Oil, USD US stocks plummeted on Friday, following global concerns over emerging markets. This sparked a risk-off trading session that sparked demand for safe-haven currencies and commodities, such as the Japanese yen and gold. Weak Chinese data supported a decline in emerging markets, […]
Following a week that emerging markets started to face serious market pressure, a number of events is likely to have a major influence on foreign exchange trading this week. First of all, the Federal Reserve will announce on Wednesday the result of its two days of deliberations. This will be interesting for a number of […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Kiwi climbs as country’s inflation accelerates – 21 January 2013 Written by the easy-forex team Currencies The euro (EUR) advanced from its two month low at 1.3507 up to 1.3567 against the US dollar (USD). On the calendar, the German ZEW Economic Sentiment due at […]
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:Powell made a bold point, and Bailey did not report anything… April 18, 2024 Tuesday was interesting not only with a whole series of…Market continues to price in a plethora of […]
The Dollar index is below the important support at 80.40. As we mentioned in previous analysis, important support was 80.40. Once the upward sloping trend line was broken, prices moved lower towards 80.40 support where the initial decline made a pause. Now trend continues lower as selling pressures have come back. Bulls seem weak and […]
Gold price has continued higher towards $1,277 as weakness in emerging markets is being transferred to the European and US stock markets. Gold price is making higher highs and higher lows and at the same time the downward sloping trend line that connect $1,433 and $1,360 is broken. As shown in the chart below, Gold […]
AUDUSD: Despite its attempts at recovering higher, it continues to hold on to its broader medium term downside bias. With that said, we expect its current recovery attempts to fade at the 0.8755 level or maximum at the 0.8822 level if it does continue. Support lies at the 0.8659 level followed by the 0.8600 level […]
Markets withstand Asian decline Morning Report: 08.45 London • Asian and emerging markets took a slide over the weekend, but so far, US futures are resolute, putting in early gains. • The Australian pairs are seeing the biggest movement, with the AUD/JPY up 0.58% and the AUD/USD up 0.42%. • The […]
Citigroup this morning downgraded broadcaster ITV (ITV.L) to sell from neutral naming it as its least preferred share in the sector. Despite some positive commentary “For the past three years we have consistently argued that ITV has been on a positive trajectory in terms of quality, every metric we monitor or care about: audience share, […]
BG Group (BG.L) issued disappointing revise output targets for 2014 and 2015 this morning along with a profit warning, citing Egyptian turmoil. the company relies on Egypt for about 1/5 of its earnings. The news prompted a heavy sell off of the shares this morning. BG said it expected to produce between 590,000 and 630,000 […]
Risk aversion continues to buoy the yen while a less-hawkish BOE Governor Mark Carney last Friday has put sterling under pressure. This allowed for some pound weakness over the course of two sessions on Friday, following through to early Monday where GBPJPY reached a 1-month low of 167.73. After the over 400-pip plunge since Friday’s […]
Today’s Support and Resistance levels: R3: 1.6752 R2: 1.6690 R1: 1.6629 Current spot: 1.6600 S1: 1.6564 S2: 1.6516 S1: 1.6492 Technical summary: We have seen the expected correction into the correction area of 1.6462 – 1.6493 with a low at 1.6492. It looks as the ongoing red wave iv correction is a flat correction; therefore, […]
January 27, 2014 – Forex News Hot asset for today: EUR/USD On Friday the EUR/USD the pair moved sideways between 1.3665 and 1.3735 without high volatility. Today we might see some good trading opportunities as the German Ifo Business Climate is coming out at 9.00AM (GMT). The expectation is to see the highest figure since July 2011 […]
