Unemployment in the Euro zone has hovered above 12% since the beginning of this year. Data released by Eurostat today show that the jobless rate fell in October to 12.1% from the prior month’s record high 12.2%. This was slightly below expectations for the rate to remain unchanged. This is the first time in three […]
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:Is there a possibility of no Fed rate cuts this year? –… April 10, 2024 A summer rate cut by the Fed hangs in the…Forex forecast 04/10/2024: EUR/USD, NZD/USD, USD/CAD and […]
General Overview for 29/11/2013 10:00 CET The price has broken above the Supply Breakthrough Zone and stays close to the last swing high but wave progression is far from impulsive so far. The overall wave progression has been finished in wave C green according to main count BUT there is a possibility that the last […]
Nothing has changed to Dollar index. Trend remains down and bulls are weak for now. There is no sign of a possible trend reversal but prices continue trading above critical support levels. Breaking below 80,50-45 then will push prices towards its next important support at 80,15. The big sideways move has reached its lower boundaries […]
General Overview for 29/11/2013 09:40 CET Target zone indicated yesterday has been hit and now price has broken out of the blue channel. Five waves in alternate count also looks completed but please remember “round number magic” still works on forex and 140.00 might be hit IF last high is broken. Currently price is testing […]
As mentioned yesterday, there is increased probability that prices will move towards 1260$ again and maybe higher towards 1290$. The upward move from 1226 is impulsive and the decline from 1258 to 1233 is corrective. We have a move of 5 waves up and 3 waves down. Thus we should at least expect another 5 […]
AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading downwards, ending diagonal inside the last .v wave (coloured black) of the bigger c wave (coloured blue) has been developing. Yesterday, during the Asian session we could obesrve ascending movement from 0.9112 towards the 0.9148 level and we can consider this move as […]
USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading sideways, Triangle iv wave (coloured purple) of the bigger wave .v (coloured black) has been developing. Yesterday, during the Asian and European session we could observe small descending movement from 1.0594 towards the 1.0569 level. Therefore, during the early New York session this commodity pair […]
Sentiment on EURGBP is bearish, after successive lower peaks and lower troughs since February. The pair is currently at 0.8330 in mid- European session trading on Friday after breaking below the 38.2% Fibonacci level of the move from the July 22,2012 low at 0.7755 to the February 24,2013 high at 0.8814 based on the weekly […]
Markets stable as US gets shopping Morning Report: 08.30 London • So far markets are playing out the Thanksgiving pattern as expected as they rise slightly following yesterday’s Thanksgiving celebrations. Today is also Black Friday, the day that markets the beginning of US Christmas shopping and early signs are that shoppers are not disappointing. Markets are […]
EURUSD: This is a bull market, with a Bullish Confirmation Pattern on the chart. Although the upwards journey so far has been tardy, the price has been able to move by around 90 pips. Trading above the support line of 1.3600, the price is headed for the resistance line of 1.3650. USDCHF: This is a […]
The euro ticked up to a 5-year high against the yen in Friday’s Asian session and is set to end the week as one of the best performing currencies. The yen has lost over 4% against the euro on the month. The dollar hit a fresh 6-month high versus the yen early in the session. […]
Today’s Support and Resistance Levels: R3: 1.6970 R2: 1.6890 R1: 1.6843 Current Spot: 1.6799 S1: 1.6749 S2: 1.6710 S3: 1.6637 Technical Summary: With the clear break above 1.6733, the green wave v is extending and the next target for green wave v is at 1.6970, where green wave v is 100% of the distance traveled […]
Today’s Support and Resistance Levels: R3: 139.89 R2: 139.70 R1: 139.55 Current Spot: 139.22 S1: 138.88 S2: 138.31 – Break below this support will be the first indication of a top in place S3: 137.77 Technical Summary: With a high at 139.70 (just 19 pips below the ideal target at 139.89) we could have the […]
At the European market open there will be release of some economic data’s from the wurozone such as German Retail Sales m/m, French Consumer Spending m/m, Italian Monthly Unemployment Rate, Italian Quarterly Unemployment Rate, CPI Flash Estimate y/y, Unemployment Rate, Italian Prelim CPI m/m, but at the US market today they are already closed because […]
The USD/JPY seems to move in slow to moderate volatility during the Asian session but will move in a slow condition in the US market as long as there is no intervention from the “big player” during the quite US market session because many of the market participant from the US and Canada take their long holiday […]
Daily chart: The USDX is breaking the support level of 80.62, which could give way to a next target at 80.11 level. However, these current bullish movements could produce a rebound to go up to the 200 day moving average near the 81.10 level. Furthermore, the USDX has been rather weak in recent days, although […]
Daily chart: The GBPUSD is still consolidating in bullish trend and now this pair is trying to reach resistance level at 1.6447, after it has made a breakout at the level of 1.6326. However, if the pair manages to break the support level at 1.6326, it’s expected to fall to the level of 1.6235. On […]
Intraday pivot point: 1.0572 Overview: The market continues showing signs of strength following the break at 1.0521 (resistance has become support). Therefore, the USD/CAD’s resistance has been broken and it was turned to support two weeks ago (November 21, 2013). Moreover, the pair has already formed a strong support at the level […]
Forecast (GBP/USD): According to the previous events, the price has still been trapped between 1.5360 and 1.6306. Buy above 1.6280 with the first target of 1.6280, it might resume to 1.5280. Stop loss should be set below 1.5025. Below 1.6356 (100% of Fibonacci retracement levels) look for further downside with targets at 1.6340 and 1.6416. […]
European markets have opened lower today, following weak German retail sales reading for October. Investors would eye the Eurozone consumer price inflation data due today to gauge the European Central Bank (ECB) policy outlook. Closer home, data from mortgage lender Nationwide showed that UK house prices rose at their fastest rate in more than three […]
Most major currency pairs were trading in a range in holiday-thinned US markets which were closed for the Thanksgiving holiday on Thursday. Sterling was the only currency that moved to break its previous session highs, reaching a new 11-month high of 1.6356. The pound gained 0.3% on the day on news that the Bank of […]
Five months ago, a prominent bottom was established around 1.0260. This happened after the intensive bearish momentum that led to 1.0254. An important key level was located around 1.0505. This was the key level for the previous weeks movement as the re-closure below it enabled the pair to break down 1.0455 as well, where the […]
Daily chart Looking at the daily chart we can see that the USD/CHF after the previous day had seen a small rebound, and currently maintains its bearish bias and fixing a pip lower from the yesterday’s session. With the U.S. dollar asleep for the holidays, it is possible that the Swiss franc would gain ground […]
Daily chart Crude oil fell again during Wednesday’s session and scored a new low of 0.9177. Today and tomorrow the U.S. markets will be almost flat due to Thanksgiving celebrations and therefore there will be other factors to move the market. Crude oil may continue to fall slowly taking the yellow line next target of […]
There are no major changes in the dollar index as prices continue to slide downwards in a downward sloping triagnle. Support is found at 80.45-50 and resistance is found at 80.65-75. Current price action is corrective and we believe we should remain neutral until we receive a bullish signal. This bullish signal will be given […]
Overview: Since our last analysis, gold has been trading sideways, around the price level of 1,244.00. We expect more bearish continuation. In the daily chart, we can observe a supply bar on volume below the average and rejection of the previous swing low at 1,252.00, which means that gold may continue with bearish continuation. We […]
Gold prices have risen in 5 waves from the 1,226 lows to 1,258. The decline is in 3 waves. The bigger move from 1,360, as we mentioned in previous analysis, is a complete 5 wave pattern. So now it is time for a bigger upward corrective move. So the gold prices are expected to move […]
Overview From the today’s H4 chart and as it was expected yesterday, the p =air might take the new bullish signals in case of closing 4H above the Resistance level 166.00 after it was tested yesterday. Today, the pair took an upward movement and has managed to break the strong resistance level, but it bounced […]
Intraday trading recommendations: According to the previous events, the price has still been trapped between 1.3622 and 1.3580. Below 1.3680, look for further downside with 1.3622 (the weekly resistance 1) and 1.3515 targets. Stop loss should be placed at 1.3713. The level of 1.3511will indicate a strong support, moreover, this price will form a […]
