Gold prices continue to trade below resistance levels. Short-term resistance is found at 1,279 and at 1,293. Short-term support is found at 1,268 and 1,263. Prices are trading in a downward slope and below trend line resistance. The trend remains downward in all time frames. We expect prices to break below short-term support and challenge […]
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, […]
EUR/USD, GBP/USD. Yesterday the major news turned out to be negative. ZEW Survey (Economic Sentiment) in the Eurozone in November was 60.2 vs. expectations for 63.1. OECD has slashed GDP forecast for the Eurozone in 2014 from 1.1% to 1.0%; the organization raised the forecast for Japan from 1.4% to 1.5%. After the news was […]
November 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Soft start to the European trading session as the market awaits high profile US economic data and the Fed’s meeting minutes from the October policy meeting for more clues over the health of the world’s largest economy. Overnight, we had a mixed session in […]
(click to enlarge) Euro / yen is an important currency pair that is often used as a proxy for risk sentiment. Rising risk appetite tends to favor the euro, while risk aversion tends to favor the yen. In line with rising risk assets, the euro has posted gains during the past 10 or so trading […]
Aussie snap reversal on producer woes Morning Report: 08.45 London • This morning, the Australian dollar is falling back severely after the country’s largest oil & gas engineer posted poor financial result. The AUD/JPY is down 0.62%, with the AUD/USD off by 0.42%. • The yen is performing well, with the USD/JPY off by 0.22% […]
EURUSD: The bullish signal on EURUSD is still a valid thing. The targets for this week are the resistance lines of 1.3600 and 1.3700 respectively. Should the price break the resistance line of 1.3600 to the upside, close above it while the buying pressure is still intact, the price may go towards the resistance line […]
In the ongoing World Tour, the XM management visited Ho Chi Minh and Hanoi in Vietnam over a period of 11 days. This was ample to time for the XM management and local representatives to meet with partners and clients in the region to discuss their business needs on a face to face basis. Special […]
The US dollar remained weak during Asian trading, with the euro ending the session unchanged at 1.3540 against the greenback having traded as high as 1.3584 earlier. The euro crossed a key technical level around 1.3547, after Ben Bernanke’s speech echoed the dovish comments of his nominated successor Janet Yellen. Bernanke said that there was […]
European markets have opened lower today, despite dovish comments from US Federal Reserve Chairman Ben Bernanke that the US central bank would maintain its ultra-easy monetary policy for as long as needed. A key focus would be on the minutes from the US Federal Reserve’s October meeting to get additional hints on the timing of […]
Daily chart: The USDX continues to fall below the 200-day moving average, and now this is prepared to break the support at the 80.62 level. If successful, it is expected to fall to the level of 80.11, which would strengthen the current bearish trend in the USDX. On the other hand, the USDX is likely […]
Daily chart: This pair continues to move slow enough and now, GBPUSD is forming a lower high pattern. Recall that the pair formed a fractal a couple of days ago, so we should be alert to any change in the trend in this pair. If this pair does break the support at the level of […]
Today some medium impact data such as Trade Balance, All Industries Activity m/m will be released; and during the US market session, some important news such as Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m, and Existing Home Sales are going to be announced. Also some medium impact data like US Business Inventories m/m and Crude […]
When the European market opens, data from German (PPI m/m) will be released, but when the US session starts, there will be some important news like US Core CPI m/m; US Core Retail Sales m/m; US Retail Sales m/m; and US Existing Home Sales, and some not very significant news like US Business Inventories m/m and US […]
The dollar was mixed as it rose against the yen but fell versus the euro, in a session during which the market had a chance to reflect on recent news and developments. One story that influenced the market was the news that China was planning to widen the trading band of its own currency so […]
Overview Proceeding from the today’s H4 chart, the pair is still trading between the Support level 160.50 and the Resistance level 161.40 and currently the pair fails again to break the Support level. If the pair bounces from it to take an upward movement, it may continue its bullish trend and we will get […]
Overview: USD/JPY is consolidating. The rate is undermined by unwinding of JPY-funded carry trades amid waning risk appetite (VIX fear gauge rose 7.47% to 13.1, S&P closed down 0.37% at 1791.53 after hitting record high 1802.33 overnight) as investors turned cautious ahead of Wednesday’s release of the Federal Open Market Committee meeting minutes. USD/JPY also […]
Overview: NZD/USD is trading in lower range after hitting eight-day high of 0.8405 on Monday. The rate is undermined by Kiwi sales on soft NZD/JPY cross amid receding investor risk appetite; weaker commodity prices; Kiwi sales on rebounding AUD/NZD cross. But NZD/USD losses are tempered by soft dollar sentiment. Daily chart is mixed as stochastics […]
Overview: GBP/JPY is trading with bullish bias. The rate is undermined by diminished investor risk appetite; Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is still positive-biased as MACD and stochastics are bullish, although latter is at overbought; five-day moving average is above 15-day MA and advancing. Trading […]
Overview: USD/CHF is consolidating after hitting two-week low of 0.9092 on Monday. The rate is undermined by soft dollar sentiment. But USD/CHF downside is limited by franc sales on weak CHF/JPY cross. Daily chart is mixed as MACD is bullish, but stochastics is falling from overbought. Trading recommendation: The pair is trading below its pivot […]
Daily chart Crude Oil, after yesterday’s session closed with a bearish candle, today continues to fall below 93.00 dollars a barrel. The increase in supplies is putting downward pressure on oil prices. Crude stocks in the U.S. rose for the eighth consecutive week as refinery output rose to a high of 24, according to the […]
Trading recommendations: NZD/USD: According to the previous events, the price has still been trapped between 0.8310 and 0.8395. Long buying: Buy above 0.8295 with the first target at 0.8345, it might resume to 0.8403. (short term) Short selling: Outlook -1-: Swing trade at 0.8413 in order to sell with a traget of 0.8320. Outlook […]
Overview: It should be noted that the price of the USD/CHF pair has still been trapped between 0.9133 and 0.92. The price has been set below strong resistance at the levels of 0.9230 (50% of Fibonacci retracement levels in H4 chart). Additionally, it is worth noting that these levels coincide between 61.8% and 38.2% […]
Daily chart USD/CHF struck a new low again during yesterday’s session, this time reaching 0.9095 before recovering. However, the outlook remains bearish and apparently the Swiss franc gained ground, because as we mentioned yesterday and our comment line 3/8 (green line) either to be the bottom line of its range of the trend or to […]
Overview: Since our last analysis, the EUR/NZD pair has been trading sideways, around the price of 1.6182. We are still waiting for the testing of the level of 1.6700. Since our major Fibonacci expansion 61.8% held, we may expect re-building of bullish strength. As you can see in the chart, we also got decreasing in […]
Overview: Since our last analysis, Gold has been trading downwards, like we expected. The price tested the level of 1,268.68 on high volume. We are still waiting for further bearish continuation. In the daily chart, we can observe supply bar on volume above the average, which means that Gold may start bearish continuation. We are […]
The dollar managed to post some gains during the European session. The market was digesting the sometimes conflicting signals sent by Federal Reserve policymakers. Fed President nominee Janet Yellen for example was quite dovish in her remarks during the previous week, whereas the previous day, New York Fed President William Dudley sounded relatively more upbeat […]
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 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe material has been…GBP/USD. April 11th. The US inflation report shocked the… April 11, 2024 […]
The Dollar index remains inside the downward sloping channel and in the support area where the downward correction could end. Today there is increased probability of an upward break. Short-term support is found at 80.50. Short-term resistance is found at 80.85-95. For the trend to change, prices will need to break above and out of […]
EURUSD: The slow and tardy bullish movement of the EURUSD has resulted in a clean bullish signal in the market. This is a result of the perpetual northward bias that has been resumed since the last week. The resistance line of 1.3600 could soon be breached to the upside – today or tomorrow. USDCHF: The […]
