(click to enlarge) Having received a significant boost from the December retail sales report last Friday, the pound benefitted from a big drop in UK unemployment today. Specifically, the ILO definition of the unemployment rate fell to 7.1% in the three months to November from 7.4% the previous period. It was the lowest unemployment rate […]
Bitcoin, the digital currency was not too long ago a matter associated with computer geeks and speculators, in the last few months has broken into the general public, gaining more press coverage and popularity worldwide. But what is Bitcoin, how it can be used and how can you buy and sell the digital currency. What is […]
Bullish movement above 1.3450 within the previous bullish channel allowed the pair to hit further supply 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). A breakdown of the depicted bullish channel took place shortly after (January […]
Gold futures extended declines seen on Tuesday as speculations on the US central bank’s next move may hurt the commodity market. Gold futures traded 0.21% lower at $1,239.10 per ounce. The yellow metal is expected to extend declines this year as gains in the stock markets lower the need for the metal, according to Morgan […]
The Australian dollar climbed to its highest level in a week against the US dollar during the Asian trading session on Wednesday, after the nation’s inflation data for the fourth-quarter accelerated higher than expected. The aussie added 0.59% to $0.8859 against the US dollar at the time of writing, while the Consumer-price inflation advanced 0.8% […]
GBPUSD: With GBP remaining bullish in the medium term and breaking above the 1.6516 level, its Jan 10 2014 high, the risk is for it to recapture the 1.6603 level, its Jan 02’2014 high. Further out, a breach of this level will open the door for additional strength towards the 1.6650 level with a turn […]
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 […]
Today’s Support and Resistance levels: R3: 1.6334 R2: 1.6307 R1: 1.6284 Current spot: 1.6263 S1: 1.6238 S2: 1.6190 S3: 1.6129 Technical summary: The correction we expected to end at 1.6310 became slightly more complex and ended at 1.6334. However, in the short term we are looking for minor resistance at 1.6284 to protect the upside […]
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 […]
Today’s Support and Resistance levels: R3: 141.77 R2: 141.49 R1: 141.29 Current spot: 141.25 S1: 140.92 S2: 140.60 S3: 140.32 Technical summary: With the break below support at 141.34 we knew that red wave ii was in place at 141.85 (just below the ideal target at 141.92). In the short term we will be looking […]
General overview for 22/01/2014 08:30 CET This pair is keeping making new higher highs and that is why I decided to take a look at the higher time frames like H4 to analyse the possible wave development. There is some evidence, that a termination pattern in shape of Ending Diagonal triangle is being formed on […]
(click to enlarge) As can be seen from the chart, the pound has performed particularly strongly against the US dollar during the last 6 months following the 1.47 low in early July 2013. Following a 2-year high at 1.6592 on the first trading day of 2014 (January 2nd), the pound has corrected somewhat, making a […]
Markets head for five year high Morning Report: 08.30 London • This morning, European stock markets are heading for their highest levels for five years as liquidity fears ease across Asia. The S&P 500 futures are currently just below right levels after a volatile session yesterday. • The Australian dollar is the […]
General overview for 22/01/2014 08:15 CET The yesterday’s labeling has been slightly changed and the top for wave (i) blue has been moved higher to the level of 141.82. The following price action is a corrective cycle wave (ii) blue and still more upward price progression is expected when the correction is finished. The first […]
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The dollar was well supported during today’s Asian trading but there was some volatility with respect to yen crosses following the announcement from the Bank of Japan. The Bank of Japan kept its policy unchanged and gave no hints about further loosening, which might have disappointed some market participants who were hoping for promises of […]
EUR/USD: In this market, since the EMA 11 is below the EMA 56 and the price action is showing weakness of the market, it would be likelier for the price to keep on going downwards. The upward swing of the Williams’ % Range testifies to the good chance to go short when the price rallies […]
Now that 2013 is behind us and we’re officially back from the holiday break, it’s time to get all our ducks in a row for 2014. But if there’s anything we can take away from 2013, it’s that preparation is all well and good, until a big old surprise comes out of the blue and […]
European equities march higher Wednesday morning after the IMF’s upgrade of global growth on Tuesday provided comfort to investors. Asian markets were trading mostly lower overnight, after the Bank of Japan lowered Japan’s median economic growth forecast. However, losses were subdued, as the Bank of Japan also pledged to maintain economic stimulus. Emerging market nations […]
European markets have opened higher today, after the International Monetary Fund (IMF) revised higher its 2014 global growth forecast. However, investors are expected to refrain from taking larger bets ahead of earnings updates from several European companies. Closer home, investors await the release of the minutes of the Bank of England’s previous month policy meeting, […]
Those who trade gold caused the precious metal to rise to it highest price in six weeks on Jan. 20, as global market participants became more optimistic about the commodity. Gold futures scheduled for February delivery rose to as much as $1,261.30 per ounce on the Comex division of the New York Mercantile Exchange, according […]
Crude oil trading resulted in the commodity falling in price on Jan. 20, as global market participants responded to data pointing to lackluster economic conditions in China. February U.S. crude futures reached $93.70 per barrel during the day on the New York Mercantile Exchange, according to The Associated Press. In addition, March Brent crude contracts […]
Daily chart After several days of indecision Crude Oil finally was picking up Tuesday with a large candle of decision. Although it was not sufficient to break the top line of its trading range as the 5/8 (green line), however, it shows us that the force is on the side of buyers. Therefore, we can […]
There is no economic data to be released from Euro Zone and the US. That is why we predict this pair today to move with low volatility. TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3634. Strong Resistance:1.3626. Original Resistance: 1.3613. Inner Sell Area: 1.3600. Target Inner Area: 1.3568. Inner Buy Area: 1.3536. Original Support: 1.3523. Strong […]
In Asia, Japan will release the Monetary Policy Statement, All Industries Activity m/m, BOJ Press ConferenceВ and the US will not release any economic data. So there is a big probability the USD/JPY will move with low volatility during this day.В TODAY’s TECHNICAL LEVELS:В Resistance. 3 : 104.86. Resistance. 2 : 104.66. Resistance. 1 : […]
Gold rallies on inconsistent economic growth in the US and Festival demand in China. Traders eye at the January 28-29 Fed meeting. On the other hand, Chinese seasonal demand increased, due to the Spring festival that will begin on January 31. In India the wedding season has started, due to which the demand for physical […]
The German economy grew 0.4% in the previous year and is expected to show better performance in the current year of 2014. The euro zone is showing a good sign of recovery led by increase domestic demand. Strong domestic demand plays a vital role in the German recovery. In the year of 2013, GDP stretched […]
Trading recommendations: According to previous events, the price of the GBP/USD pair has still been trapped between 100% of Fibonacci retracement and 61.8% in H1 chart. Long Buying: Buy above 1.6387 with the first target of 1.6466, it might resume to 1.6515. Short Selling: Outlook -1-: Swing trade at 1.6520 in order to sell with […]
The EUR/USD pair for swing trade on January 22, 2014. The last four strong levels: Swing bearish trade = (Sum of Resistances ) / (Total of Resistances) Swing bearish trade = (1.3471 + 1.3585 + 1.3653 + 1.3767) / 4 Swing bearish trade = 1.3619 The market will indicate a bearish opportunity at the level […]
Daily chart: The USDX has made a bearish rebound that could indicate a change in trend, as the USDX could be finding dynamic resistance in the 200 SMA. Now, the USDX is approaching consolidate below the 200 SMA, so it is very likely that the USDX to fall to the support level of 80.62. However, […]
