CRUDE OIL: With Crude Oil halting its two-day weakness and recovering higher on Tuesday, the risk is for a retake of the 98.58 level, its Jan 30 2014 high to occur. Further out, resistance comes in the 99.38 level, representing its Dec 31 2013 high. A turn above here will set the stage for more […]
The EUR/USD was back on the defensive, as investors shifted their attention to the European Central Bank policy meetings. The pair was supported in early week trading after Eurozone manufacturing PMI beat forecasts. Powered by Germany, the Eurozone manufacturing economy expanded at the fastest pace in 32 months. Better than forecast Eurozone data continued to […]
Hello eTorians! Last week was a quite good one for our group. The fear of the earthquake in emerging countries seems to have quelled. After 2 weeks ago USD crashed on most of the crosses, during the past week the buck recovered again, becoming a bit stronger every day. Our Social Investors made good profits […]
The USD/CAD was back on the defensive after recouping its previous losses. The pair has been stuck around the 1.11 barrier for the past several sessions, as investors anticipate the greenback’s next bullish move. In Canada, there were no major data releases to report. Earlier in the week the Canadian dollar responded positively to stronger […]
Dear Community, My name is Ronen Assia, one of eToro’s founders and a member of eToro’s board. I have just recently been appointed to jointly head all of the R&D and product efforts of eToro, focusing on quality first. Over the last two weeks, we have seen several technical issues which have hurt our system […]
The GBP/USD emerged from its recent lows, stabilizing around the 1.63 mark after UK construction PMI beat forecasts. The pair has lost more than 1.5% over the past five sessions, as investors reevaluate their positions on the British pound. The US dollar was supported in early-week trading despite disappointing manufacturing PMI, courtesy of the Institute […]
February 4, 2013 – Indices News Asian markets are down due to yesterdays worse than expected ISM Manufacturing data coming out of the United States. Though the data still showed an expansion, the extent of growth in the manufacturing sector was below expectations and investors panicked at the prospect of a slow recovery in one […]
February 4, 2014 – Stock Market News Today’s Hot Asset – Microsoft Stocks in the U.S. have opened trading slightly higher today. Investors in the U.S. pounced on some oversold assets caused by yesterday’s slides. Investors are still trading with caution as they await economic data due to be released later in the day. This […]
Overview: USD/JPY is expected to trade in lower range undermined by selling of the yen crosses amid elevated risk aversion (VIX fear gauge spiked 16.46% to 21.44, S&P tumbled 2.34% overnight) as much-bigger-than-expected drop in the U.S. ISM manufacturing PMI to 51.3 in January from 56.5 in December (versus 56.0 forecast) following weak official manufacturing […]
Overview: NZD/USD is expected to trade with bearish bias undermined by the Kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion and Kiwi sales on buoyant AUD/NZD cross. But NZD/USD losses are tempered by the negative dollar sentiment and hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is negative-biased […]
Overview: GBP/JPY is expected to trade in a lower range undermined by elevated investor risk aversion and Japanese exports sales. But GBP/JPY losses are tempered by the demand from the Japan’s importers. Daily chart is negative-biased as MACD is bearish, stochastics stays suppressed at an oversold zone, 5 and 15-day moving averages are declining. Trading […]
Overview: USD/CHF is expected to consolidate. It is undermined by the negative dollar sentiment, flows to the Swiss franc amid elevated risk aversion, stronger-than-expected Switzerland January PMI (came in at 56.1 versus expecrtations for 55.4), and franc demand on weak EUR/CHF cross. But USD/CHF losses are tempered by the franc sales on soft CHF/JPY cross. […]
Most major currency pairs moved off lows reached after the dismal US ISM manufacturing data on Monday and became steadier going into Tuesday’s US session. There were moves higher by the euro and the pound during the European session based on some data releases, although the market focus will primarily be on the European Central […]
EURUSD: While recovery attempts may be seen, EUR remains weak and susceptible to the downside. This leaves the risk of a recapture of the 1.3476 level on the cards. Further down, a break will aim at the 1.3400 level, its psycho level followed by the 1.3350 level and subsequently the 1.3300 level. On the other […]
Looking at it in perspective, seems incredible that it has only been among us for 10 years. Seems to me that it has been there forever. The project that started at Mark Zukerberg’s dorm room, was not the pioneer, but the most determinant in changing the concept of “Social” forever. Does somebody remember today the […]
USD/CAD Elliott Wave Last week, the USD/CAD pair found the top at the 1.1220 level. From there on, this commodity pair has been trading lower, just as we expected. In the 1-hour chart of the USD/CAD pair, we can observe that we are tracking descending movements from 1.1220 towards 1.070 as potential A-B-C pattern inside […]
AUD/USD Elliott Wave The AUD/USD pair has been trading downward for more than a year, we are approaching some critical areas for long term trading at the moment and that’s why we want to look for some long term trade in this pair today. In the 1-week chart, we can see that from the high […]
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 […]
Overview Based on the H4 chart, silver is stabilizing below the Resistance level of 19.50 after its rebound from the Support level of 19.00 yesterday. If silver reverses its bullish move due to this Resistance level and manages to break the Support level of 19.20, this will give a strong indicator for the downward move and […]
Overview As it was expected yesterday, the pair would reverse its downward move taking an upward move due to the fact thar the Support area consists of the lower boundary of the bearish channel with the strong Support level of 163.80. Today and as shown in the H4 chart, the pair bounced from the Support […]
(click to enlarge) The release of the January ISM Manufacturing survey delivered a negative surprise both for risk assets and for the US dollar. Instead of backing off only slightly from December’s 56.5 figure, the index fell all the way to 51.3. Economists were expecting a drop to 56.0. The reading was the lowest since […]
Crude oil prices bounced back from its lowest closing level in almost a month on Tuesday, driven by the downbeat Chinese and US data, signaling signs that demand may drop in the future. The North American West Texas Intermediate (WTI) climbed 0.18% higher to $96.90 per barrel on the New York Mercantile Exchange. At the […]
The Australian dollar climbed against the US dollar on Tuesday after the Reserve Bank of Australia (RBA) kept its cash-rate target at 2.5%, indicating stronger economic growth. Investors digested the statement released by the bank, which showed that the Australia’s central bank signaled the end to its easing cycle and approving the exchange rate decline. […]
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:Powell made a bold point, and Bailey did not report anything… April 18, 2024 Tuesday was interesting not only with a whole series of…Market continues to price in a plethora of […]
Overview: Since our last analysis, gold has been trading upwards. The price rejected from our corrective FE 161.8% at 1,266.00 and tested the level of 1,252.20 on high volume. If the price breaks the level of 1,238.00 on higher volume, we may see the testing of the level of 1.222.00 (FE 161.8%). Anyway, if the […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, we tested the level of 1.6553 on higher volume. We can observe that supply has entered the market at the price of 1.6690 which triggered bearish corrective movement. I have placed Fibonacci levels to find possible end of the bearish corrective phase and […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, we tested the level of 1.6553 on higher volume.We can observe that supply has entered the market at the price of 1.6690 which caused price to start bearish corrective movement. I have placed Fibonacci levels to find possible end of the bearish corrective […]
The Dollar index got rejected once again at 81.50 resistance and we said in our last analysis that a pull back was to be expected. The index pulled back towards 81 and is being pulled by our MA towards 80.85. We believe that more downside pressures are to be expected and we could see the […]
February 4, 2014 – Commodities News Hot Asset For Today: Gold Price of Gold sharply increased to $1,266/ounce after the U.S. ISM Manufacturing PMI came out very low and show just 51.3 instead of expected 56.2. We saw the price jumping by $15/ounce immediately after the release. The price has been ranging since that between […]
On 1st February the XM team was in Rome to host a live seminar on the Basics of Forex Trading that was presented by instructors Massimo Golfarelli and Roberto Pesce. The event had a special focus on the most efficient trading strategies used for manual and automated forex trading. As always, the seminar was free […]
