Overview: USD/JPY is expected to consolidate after hitting its six-day high of 102.65 on Monday as markets await the Federal Reserve Chairwoman Janet Yellen’s first semiannual testimony before the U.S. House Financial Services Committee. Ms. Yellen is expected to deliver a message of continuity in U.S. monetary policy. Liquidity was thin in Asia today as […]
Overview: NZD/USD is expected to range-trade. It is undermined by the Kiwi sales on NZD/JPY cross amid waning investor risk appetite. But NZD/USD downside is limited by the negative U.S. dollar sentiment, the Kiwi demand on soft AUD/NZD cross and hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is still positive-biased as […]
Overview: USD/CHF is expected to trade with risks skewed lower. It is undermined by the negative U.S. dollar sentiment. But the USD/CHF downside is limited by the franc sales on soft CHF/JPY cross. Daily chart is negative-biased as MACD and stochastics are bearish. Trading recommendation: The pair is trading below its pivot point. It is […]
Overview: GBP/JPY is expected to consolidate. It is supported by buoyant EUR/USD undertone. But GBP/JPY upside is limited by subdued risk sentiment before the congressional testimony of Fed Chairwoman Janet Yellen. Daily chart is still positive-biased as stochastics is bullish, MACD is staging bullish crossover against its exponential moving average. Trading recommendation: The pair is […]
The bulls managed to hit fresh highs (around 1.1220) that haven’t been visited since 2009. Recently, the USD is failing to keep its gains against CAD, and the USD/CAD pair was pushed to the downside indicating weakness of the ongoing bullish momentum. This is manifested in the previous weekly candlestick that came as bearish engulfing […]
Travel group, Thomas Cook Group (TCG.L) was downgraded by Numis Securities today as the company continues to struggle to cut its losses and return to profit. Numis changed its recommendation to ‘hold’ from ‘add’ after Thomas Cook revealed that although its losses have been cut for the last quarter, revenue is down as fewer people […]
Communications company Cable & Wireless (CWC.L) announced third quarter results and said it continued to have confidence in its outlook for 2014 with mobile revenue up 4% across the group and particularly strong sales in Monaco and the Carribean. Also having an impact is the companies current cost reduction program. The highlights of their interim […]
The previous multiple tops as well as a recent bottom were established around 1.6250. That’s why a considerable support was provided around this price level. The 4H chart reveals an inverted bullish Head and Shoulders pattern which was expressed around 1.6220 aiming towards a 1.6470-1.6500 “prominent resistance zone.” A valid SELL position can be taken […]
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There were no fundamental data releases during the European session on Tuesday so the anticipation of Fed Chair Yellen’s testimony was the main market focus. The dollar was predominantly weaker leading into Yellen’s first testimony since she took office on February 3, and was to appear in front of the House Financial Services Committee at […]
Obvious bearish rejection was expressed at 1.3850 thus the pair failed to reach 100% Fibonacci Expansion at 1.3904. Instead, a strong bearish impulse was expressed to reach 1.3520 then 1.3475. Recently, the pair expressed a false breakdown of the demand zone of 1.3550-1.3500 (long-term uptrend line). This opened the way directly towards 1.3475 which pushed […]
As shown in the today’s H4 chart, the metal failed again to break the Support level of 20.00 and is still trading above the Support level and inside its bearish channel. Currently silver is bouncing from the Support level and starting for the bullish move. So we still suggest waiting for closing above the Resistance […]
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 GBP/USD pair successfully achieved its projected target around 1.6600 after the bullish breakout above 1.6250 was initiated. Obvious bearish rejection was expressed off 1.6666 after brief consolidation above 1.6600 took place on January 25. The GBP/USD Pair established a descending bottom at 1.6470 which is considered an Intraday Supply for the pair. The breakdown […]
Overview: Since our last analysis, gold has been trading upwards, like we expected, the price tested the level of 1,287.53 on average volume. We can observe strong demand and weak supply in the past two days. Selling at this stage looks risky because of strong demand in the background. We may see possible testing the […]
Overview According to our expectations yesterday, more bullish signals would be expected in case of closing above the Resistance area of 167.00-167.60 which is keeping its movement above the upward trend line. Today, as it is shown in the H4 chart, the pair has already managed to break the Resistance level and close 4H above […]
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Crude Prices were seen trading higher on Tuesday, with the West Texas Intermediate (WTI) trading towards a six-week high. While market participants focus on the Fed’s chairwoman Janet Yellen’s first testimony on the monetary policy before the Congress later today. Analysts are also expecting the US stockpiles data from the Energy Information Administration on Wednesday, […]
The Australian dollar climbed above the $0.90 threshold on Tuesday, it’s highest in four weeks; driven by the optimistic business confidence and house prices which advanced at the fastest pace since 2010. Meanwhile, the Federal Reserve’s (Fed) new Governor Janet Yellen is expected to give her speech and deliver her first semi-annual monetary policy testimony […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading sideways, around the price of 1.6400. Our previous analysis is still active. We can observe selling climax at the price of 1.6400 and weak supply after that huge reaction. Be careful with selling this pair since we have got strong demand in the background […]
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:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated section of Forex…What’s next for markets amid Israel-Iran tensions? – Special… April 16, […]
Automakers have been making cars in Australia since Ford Motor Co. started assembling Model Ts in a converted wool store near Melbourne. That’s on track to be finished in three years, when Toyota Motor Corp. shuts its production lines in Altona about 60 kilometers (37 miles) away. About 50,000 jobs in the country’s auto and […]
Australian policy makers looks at the slight evidence of a decline in China’s economic growth, defying global pessimism that helped wipe $1.6 trillion from stocks this year. The Reserve Bank of Australia and the nation’s Treasury projection the world’s second-biggest economy will expand 7.5 percent this year. The view is underpinned by a 21 percent […]
Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years increased demand and trim down U.S. supply to the weakest in a decade. Money managers bolstered net-long positions, or wagers on surging financial values, by 29 percent in the week ended February 4, the third consecutive […]
Governments from the U.S. to Italy are increasing sales of inflation-linked bonds, wagering consumer financial values will remain in check even after central banks inundated the world with cheap cash. Thirty-five nations issued $1 trillion of the securities in the past three years, the most on record, according to data gathered by Bloomberg. The total […]
Arizona was disregarded by Apple Inc. in 2012 when the iPhone maker chose Texas to establish a new operations hub. Scott Smith, the mayor of the Phoenix suburb of Mesa, was determined to keep history from repeating itself. So last year, when Apple was looking for a place to house a factory that makes a […]
February 11th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as investors await the first testimony to US lawmakers by Janet Yellen, the new chair of the US Federal Reserve, to get clearer views on how committed she is to wind down the Fed’s quantitative easing. Earlier today, […]
February 11, 2014 – Commodities News Hot Asset For Today: Gold The price of Gold extended its gains from previous days and broke its resistance at $1,279/ounce. The price then climbed all the way to $1,288.2/ounce which is the highest price in almost 3 months. We can see that markets are betting that Janet Yellen’s […]
Johnson Matthey (JMAT.L) the chemicals company has today announced a replacement for Robert Mcleod who recently moved to the role of Chief Executive. The new finance director will be Den Jones who has many years experience working at board level with fellow FTSE company BG group. Chief Executive McLeod commented ”I am delighted that Den will […]
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