Overview: USD/JPY is expected to consolidate. Buoyed by positive dollar sentiment (ICE spot dollar index last 80.68 versus 80.63 early Wednesday) after Federal Reserve Chairwoman Yellen in her Congressional testimony on Tuesday indicated the central bank will continue reducing its monthly bond purchases. USD/JPY is also supported by the higher U.S. Treasury yields, ultra-loose Bank […]
Good afternoon eTorians! We are almost at the end of the week and close to Valentine’s Day – have you thought about the present you are going to give or what you’d like to receive? We have! We are running a Valentine’s Day competition with an amazing gift; if you want to know more about it read our latest blog […]
Good afternoon eTorians! We are near the weekend and close to Valentine’s Day – have you thought about the present you are going to give or what you’d like to receive? We have! We are running a Valentine’s Day competition with an amazing gift; if you want to know more about it read our latest blog post: Love is in the Air! Hurry though, you only have […]
Today’s Support and Resistance Levels: R3: 1.6525 R2: 1.6460 R1: 1.6430 Current Spot: 1.6388 S1: 1.6351 S2: 1.6299 S3: 1.6253 Technical Summary: We do think the triangle X-wave ended with the test of 1.6253, but we do need more evidence in form of a break above resistance at 1.6525. Short-term break above resistance at 1.6388 […]
February 13, 2014 – Indices News Asian markets have dropped after experiencing 6 previous days of expansion. The main cause of decline in indices today is due to profit taking. Equity markets across the globe gained after worse than expected Nonfarm Payrolls Data in America and Janet Yellen’s unexpectedly dovish sentiments. Now, many investors want […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting its four-day high at 0.9038 Wednesday. It is supported by the positive dollar sentiment and franc sales on soft CHF/JPY cross and on buoyant GBP/CHF cross. Daily chart is mixed as MACD is bearish, but stochastics is in bullish mode. Trading recommendation: The pair […]
Today’s Support and Resistance levels: R3: 140.24 R2: 139.89 R1: 139.66 Current Spot: 139.08 S1: 138.88 S2: 138.17 S3: 137.54 Technical Summary: The decline from 140.30 is not the ideal fit that we would like, but we will give the downside the benefit of the doubt and look for more downside pressure as long as […]
Overview: The NZD/USD is expected to trade in higher range. It is undermined by the positive dollar sentiment, Kiwi sales on soft NZD/JPY cross amid waning investor risk appetite and on buoyant GBP/NZD cross. But teh NZD/USD losses are tempered by hawkish Reserve Bank of New Zealand’s monetary policy stance and buoyant commodity prices. The […]
It seems as if we had reached 50 million trades only a moment ago, and here we are already at the 100 million mark! Check this out, it took us 6 years to get to 50 million trades, and less than a year to get from there to 100 million trades! What a crazy ride… […]
Overview Based on today’s H4 chart, after failing to break the intersection point yesterday between the lower limit of upward trend line with the Support level of 168.50, the pair reversed its bearish movement taking an upward move and managed to break the Resistance level of 169.75. Currently, the pair is approaching the Resistance level […]
Overview In the today’s H4 chart, the metal is still trading below the Resistance level of 20.20 and above the lower limits of the bullish channel keeping its move inside it. Currently, silver is testing these boundaries to start its bearish movement. So we should wait for breaking the support boundaries to create a new […]
The main theme of the currency markets today was dollar weakness, which built up throughout the European session and culminated with the release of soft US retail sales data as well as disappointing weekly jobless claims numbers. Retail sales fell 0.4% in January, led by a drop in automobile sales. They were expected to remain […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
The Australian dollar dropped against the US dollar on Thursday, following the reports from the statistics office which showed the Australian labour market worsened, with the jobless rate rising to its highest in ten years. The AUD/USD currency pair was trading around $0.9029, but later dropped 0.98% to $0.8937 after the report was released. Australian […]
Crude prices slid from a four-month high on Thursday as reports from the Energy Information Administration (EIA) revealed the US oil stockpiles climbed. Futures for the West Texas Intermediate (WTI) for March delivery dropped 0.67% lower at $99.70 per barrel on the New York Mercantile Exchange at the time of writing, while the European benchmark […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6424 on high volume. We can observe buying climax (strong demand) like reaction on selling climax in the background. The area of 1.6300-1.6280 is major support since we’ve got major Fibonacci expansion 61.8% (1.6300) […]
Overview: Since our last analysis, gold has been trading upwards, the price tested the level of 1,296.31 on lower volume. Our previous analysis is still valid. We got large buying climax in the background and also we are in major resistance area (1,292.00-1,300.00). Since the price has tested the level of 1,296.31, we almost reached […]
General overview for 13/02/2014 08:50 CET The corrective cycle in wave 4 red looks like it has been finished and now breakout below the level of 1.0975 is needed to confirm that corrective cycle is over. The first target for wave 5 red is at the level of 1.0955 but the decline might extend much […]
General overview for 13/02/2014 08:05 CET The decline in price on this pair has not been finished yet and more lower prices are expected. The golden channel should provide healthy resistance and if the level of 139.17 is not broken, then downside should accelerate. The weekly pivot at the level of 138.87 should be violated […]
Gold price got very close to our first target of $1,300 yesterday. Gold price made a high at $1,296,75 and pulled back lower. We could see a new higher high today towards $1,300, but the form of the rise and the angle prices is rising that makes me believe that we may see soon an […]
The Dollar index started an upward bounce from the 76.4% Fibonacci retracement and the 80.40 support area, but it did not manage to break above the downward sloping trend line resistance. The index was rejected at the resistance trend line yesterday and pulled back to its recent lows. Will it make a double bottom at […]
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 […]
food company Nestle (NESN.VX) has issued a statement today saying they expect another challenging year ahead amidst emerging market slowdowns. In 2013 Nestlé’s sales increased by 2.7% to CHF 92.2 billion, impacted by negative foreign exchange of 3.7%. Organic growth was 4.6%, composed of 3.1% real internal growth and 1.5% pricing. Acquisitions, net of divestitures, added 1.8% […]
The Australian dollar is on tracked to reverse its increase to a one-month high versus the yen, trading patterns suggest, after the currency pair tracked a recovery in investor appetite for riskier assets. The Aussie has bolstered 3.6 percent against its Japanese counterpart this month as of yesterday, the largest surge among 31 major currencies […]
On the menu for the lunch French President Francois Hollande is hosting today for the chiefs of the likes of Facebook Inc. and Google Inc.: sticks and carrots. In the first official trip by a French president to San Francisco in 30 years, Hollande will look to pursue Twitter Inc.’s Jack Dorsey, Facebook’s Sheryl Sandberg […]
Societe Generale SA, France’s second-biggest bank, more than doubled a dividend payout to shareholders as fourth-quarter earnings surpassed analysts’ projections, aided by profits at consumer banking units. The shares bolstered the most in more than six months. Net income was 322 million euros ($439 million), compared with a loss of 471 million euros a year […]
Mercedes-Benz is out to prove that a less costly and smaller sport-utility vehicle can still deliver powerful driving and loads of technology. To underscore the point, Mercedes this week is unveiling the GLA, its most compact and cheapest priced SUV, in the rugged terrain around Granada in southern Spain. The crossover, mixing features of a […]
U.S. stocks sagged down after the best four-day surge in a year for the Standard & Poor’s 500 Index. Treasuries pulled back amid comments from Federal Reserve officials signaling continued stimulus trims, while Chinese data triggered an advance in copper. The S&P 500 retreated less than 0.1 percent at 4 p.m. in New York after […]
February 13, 2014 – Stock Market News Today’s Hot Asset – Barclays Stocks in Europe are currently trading slightly lower. Part of this movement is being caused by investors cashing in on their profits from yesterday’s session. However, investors within the region are awaiting the results of key U.S. economic data due to be released […]
February 13th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors preferred to book profits following a week-long rally and ahead of earnings release from several big European companies. Earlier today, the Royal Institution of Chartered Surveyors (RICS) revealed that the house price balance index in the […]
