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: 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 […]
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 […]
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 […]
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 […]
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 […]
Gold has broken its short-term upward sloping trend line from 1,260, and although it reached the downward sloping trend line resistance at 1,293, it could not break above it. Rejection at the resistance levels was not good for long positions. Moreover, prices have taken a downward turn as the pressure from the resistance trend line […]
The first day of new week was flat. Current Account in the Eurozone in September was weaker than expected, 13.7 billion euros vs. forecast for 18.3 billion euros. Trade Balance was in line with the forecast 14.3 billion euros, nevertheless, the export grew 3% annually. The single currency was bought intentionally, which was not a […]
USD/CAD Elliott Wave Since our last analyses the USDCAD pair has continued trading downwards, corrective wave .iv (coloured black) of the bigger wave c (coloured blue) has been developing. Yesterday, during the Asian and European sessions, we could observe descending movements from 1.0440 towards the 1.0414 level. Therefore, during the early New York session, this commodity pair did not manage to hold […]
AUD/USD Elliott Wave Since our last analyses the AUDUSD pair has been trading upwards, just like we expected, impulsive wave iii (coloured blue) of the bigger wave [a] (coloured black) has been developing. During Monday’s Asian and European sessions, we could observe ascending movements from 0.9358 towards the 0.9417 level, and we can consider them as the end of the […]
(click to enlarge) Following the 1.3295 low on November 7th, the euro has been rallying and trying to reverse the sell-off that drove it all the way down from 1.3830 (October 25th). Currently the euro has been in an uptrend, making higher highs and higher lows since the November 7th low. This uptrend would be […]
Aussie charges higher despite hedge fund warning Morning Report: 08.45 London • This morning, the Australian dollar is leading markets higher as traders speculate on extensive market reforms to come from China. The Kiwi also performing well on the back of this move. • Stock markets don’t share this enthusiasm, with the S&P 500 futures […]
November 19th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Stocks again this morning on the soft side as Asian markets tick lower overnight, adding some of the pressure. Overnight in the US, the Dow and S&P500 rose to fresh highs, above the 16,000 and 1800 levels respectively but settled lower. Worth noting that […]
General overview for 19/11/2013 07:35 CET: Corrective cycle wave iv has not been finished yet and there is a possible upside wave progression before the trend will resume to the downside to complete wave v of this cycle. The first level for wave iv is intraday Resistance grey rectangle zone at 1.0438 – 1.0441. If […]
The exhibition took place in Frankfurt, Germany over 15th and 16th November. The event was open to all traders and other interested parties. The XM team was on hand at our official booth, providing visitors with the opportunity to talk with the team in person and discover the numerous advantages of trading with XM. Throughout […]
General overview for 19/11/2013 07:25 CET A labeling has been a little bit changed just to indicated a possible longer wave W brown, so this upward wave development has been relabeled to (a)(b)(c) navy cycle. Nevertheless the oveall overview remains the same: more higher prices in view. Currently, the price is in corrective cycle wave […]
The dollar posted modest losses versus both the euro and the yen during Tuesday’s Asian session. A possible reason behind the dollar’s weakness was the market’s expectation that the Federal Reserve would keep pumping monetary stimulus at the same pace it has been doing during the past months. The yen managed to keep the dollar […]
During the European trading session, some news will be released. It is the German ZEW Economic Sentiment, and ZEW Economic Sentiment; and in the US market session there will be the US Employment Cost Index q/q released, which does not affect the market significantly. TODAY’s TECHNICAL LEVELS: Breakout BUY level: 1.3574. Strong Resistance:1.3566. Original Resistance: 1.3553. […]
