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 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Why is gold defying gravity? – Special Report April 7, 2024 Gold […]
On Friday, the pound dropped 100 points amid the strength of the US dollar. 1.5205/35 is the range of support of market orders, which as we noted in the Friday’s review, was broken and the price reached the last target level 1.5157. On the daily chart this downward movement was expressed by the break of […]
Silver prices fell to the lowest level since September 2010 on Monday morning, reaching as low as $20.30 an ounce before steadying at around $21.40, down 4 percent. On the year, the precious metal has fallen 30 percent. Silver held in exchange-traded products dropped to a four-month low on May 17. Weighing on silver are […]
Published on Friday US data surpassed the expectations, Michigan Sentiment index in May was 83.7 vs. expectations for 77.9. US Leading Index in April was 0,6% vs. forecast for 0.3%. S&P 500 grew 1.00%, Stoxx 600 added 0.33%, however the euro dropped 43 points as it was influenced by strong bearish trend. Today is a […]
XEMarkets will be hosting their first forex seminar at the premises of the London School of Economics, UK, on 15th June 2013. The high-profile joint project of XEMarkets will be presented by Internationally Certified Instructor and Portfolio Manager Avramis Despotis on the university premises in London. The upcoming event, due on 15 June 2013 and […]
FOREX Daily Outlook by Easy-Forex.com Gold on bearish outlook The euro (EUR) continues to slide against the US dollar (USD) as the pair trades at just above 1.3080. The single currency has found strong resistance at 1.3140 after it had risen from a 6 month low. The pair is heavily influenced by fundamentals such as […]
Read the Daily Market Report from Dave Evans, Professional Trader Dollar peels back from highs Morning Report: 08.00 London • This morning, the dollar index is pulling back from the highs, helping the NZD/ USD and AUD/ USD to push up from multi month lows. Click […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 103.36. Resistance 2: 103.16. Resistance 1: 102.95. Support 1: 102.71. Support 2: 102.50. Support 3: 102.30. DESCRIPTION: Please pay attention to the levels of support 3 (102.30) and resistance 3 (103.36). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but […]
TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.2892. Strong Resistance: 1.2885. Original Resistance: 1.2872. Inner Sell Area: 1.2859. Target Inner Area: 1.2829. Inner Buy Area: 1.2799. Original Support: 1.2786. Strong Support: 1.2773. Breakout SELL Level: 1.2766. DESCRIPTION: Today EUR/USD has support and resistance at 1.2786 and 1.2872. The rate is accompanied by strong support at 1.2773 […]
Daily chart: The EURUSD pair is approaching a very strong support level 1.2768. There we expect this pair will make a consolidation before continuing its bearish road. There is the possibility that the EURUSD pair will do a bullish rebound on this support at the level of 1.2768 for touch the resistance level at 1.2883. […]
The yen was the big story today, being the biggest mover in the start of the new trading week after jumping on remarks made by Japan’s Economy Minister. Akira Amari signalled that the recent sharp decline in the yen could pose certain risks. The Japanese minister also said that the yen’s past strength has “been […]
Daily chart: On Friday, the loonie had a very bullish session, climbing over 100 pips, closing the weekly price near the 1.0281 resistance level. Because of this large rise, this pair may do a consolidation during the first days of the week to form a lower high pattern to continue rising, but we must be […]
RECOMMENDATIONS: Buy stop (pending order) at 132.01. Stop loss at 131.91. Take profit at 132.15. Alternative: Sell stop (pending order) at 131.74. Stop loss at 131.84. Take profit at 131.60. Best regards, Arief Makmur Official Analyst of InstaForex Group InstaForex Group http://instaforex.com Email: [email protected] Yahoo Messenger & Skype: Arief.ifx_jakarta blog.mt5.com/arief http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer: Trading […]
EUR/USD: The EUR/USD dropped by close to 150 pips last week, leading to the perpetual Bearish Confirmation pattern in the chart. Last Friday, the price closed at 1.2837: it may reach the support line of 1.2800 very soon. There could be some hesitation around that support line, but it should be violated to the downside […]
The dollar rallied strongly against the yen, breaking the key 103 level after upbeat US data fueled speculation the Federal Reserve will consider cutting back on stimulus measures which have been weakening the dollar. The University of Michigan consumer sentiment report was released on Friday, giving the best results since July 2007. The preliminary reading […]
FOREX Weekly Outlook by Easy-Forex.com Weekly Outlook – 11th March 2013 USD/JPY soaring as US Data Improves Last week’s currency trading review USD/JPY persistently strong US data is helping the Yen pair tofresh multi year highs with February US Nonfarm payrolls beating expectationsat 236k vs. 160k forecast and the Unemployment Rate dropping sharply to 7.7%vs. […]
Overview: GBP/JPY is in range-trade. The rate is undermined by euro sales from Japan exporters. But GBP/JPY downside is limited by Bank of Japan’s aggressive easing measures to help reach its 2% inflation target; euro demand from Japan importers; positions adjustment before weekend. Daily chart is mixed as MACD is bullish, but stochastics is bearish […]
Overview: USD/JPY is in range-trade. The rate is supported by renewed speculation that U.S. Federal Reserve might wind down its quantitative easing measures after Fed’s John Williams said he is open to tapering the central bank’s bond-buying program in coming months if the economy continues to improve, suggesting the Fed could begin trimming its $85 […]
Overview: USD/CHF is in range-trade. The rate is undermined by soft U.S. economic data; franc demand on retreating EUR/CHF cross. But USD/CHF downside is limited by renewed speculation that Federal Reserve might taper its bond-buying program in coming months; positions adjustment before weekend. Daily chart is mixed as MACD is bullish, 5- and 15-day moving […]
Today’s Support and Resistance levels: R3: 1.5970 R2: 1.5924 R1: 1.5894 Current spot: 1.5871 S1: 1.5857 S2: 1.5814 S3: 1.5770 Technical overview: There was no time for red wave ii to develop into a deeper correction and the break above the top of red wave i indicated, that red wave iii was developing. We should […]
Overview: NZD/USD is consolidating with bearish bias after hitting near-six-month low of 0.8137 on Thursday. The rate is undermined by contagion from weak Aussie; renewed speculation that Federal Reserve might taper its bond-buying program in coming months. But NZD/USD losses tempered by soft U.S. economic data; NZD-USD yield gap; positions adjustment before weekend. Daily chart […]
Overview From the today’s H4 chart, the metal is still trading above the Support level 22.00 and below the Resistance level 23.00 after it bounced from the Support level 22.00 yesterday. The bullish move is still expected in case of closing above that Resistance level with first target few pips below the next Resistance level […]
Today’s Support and Resistance levels: R3: 132.77 R2: 132.44 R1: 132.08 Current spot: 131.76 S1: 131.28 S2: 131.18 S3: 130.79 Technical overview: We are still looking for the final wave higher towards the ideal target near 134.47. We think the entire rally since the 94.10 low will end wave I and wave II will take […]
The EUR/USD pair continues its downward move. This morning it has been trading below 1.2879 daily fractal. Given the downward pressure is latent, we recommend selling below 1.2879 fractal, more you can sell now at current price levels. It is the nearest target, so you are at the area of support of 1.2730. On the […]
Being sustained above the daily fractal 1.5210, this morning the pound sterling has reversed to test the strength of the support. So we expect a bounce in this area. If it happens it is recommended to buy with targets at 1.5300 and 1.5395. In the previous months, 1.52 has served as support and resistance. A […]
The Australian dollar influenced by interest rate cut from the RBA, and some fundamentals of Australia that do not favor, has contributed to making this pair to fall to weekly support levels S2. It is likely that at this level the pair finds a fund that in the short term drives it the level of […]
Overview The pair is still trying to break the Support level 155.80 since yesterday and trading below the downward trendline, as shown on the today’s H4 chart. Breaking this Support level creats a new bearish move and may give us more opportunities for sell signals, but in that case the price would have to break […]
The Canadian dollar weakened sharply against the US dollar after data showed that Canada’s annual inflation rate fell to 0.4 percent in April from the previous month’s 1.0 percent . This is the lowest since October 2009 and well below the Bank of Canada’s target range of 1 to 3 percent. Core CPI on a […]
Technical outlook and chart setups: Silver is attempting a bounce back just ahead of 22.00 level for now. It is recommended to book full profits on short positions taken earlier and await for a clear bounce (to go long) or a break down (for aggressive short), to re-enter. Immediate resistance for silver is seen at […]
Technical outlook and chart setups: The metal is attempting to rally here at the moment after it bounced off 1,369.00 level yesterday. A failure to do so would bring focus again towards 1,365.00 or lower. It is recommended to book full profits on short positions taken earlier and wait for either a bounce back or […]
