Bullish movement above 1.3450 within the depicted bullish channel allowed the pair to reach further supply levels around 1.3650 and 1.3750, respectively. This was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Few days later, the bulls managed to break down the lower limit of […]
A breakthrough above 1.6240-1.6300 took place at the end of November. A wide consolidation range was established between 1.6240-1.6450. The last bullish impulse was initiated towards 1.6570-1.6600 in an attempt of bulls to record new highs in 2013. Bearish pressure was applied near the level of 1.6600 (the upper limit of the expanding wedge) resulting […]
Overview In the today’s H4 chart, the metal is still trading below the Resistance level of 20.50 and above the upward trendline which is tested now with the Support level of 20.20. So we should wait for closing 4H below the upward trendline to create a new bearish opportunities. In that case the metal might […]
Royal Dutch Shell (RDSA.L) is on the move after rumours that the company plans to sell $15Bln worth of assets, possibly including some of its Oil fields in the North Sea. The company has been critised recently for over spending and poor returns to investors compared to others in the sector. Recent quarterly results have […]
(click to enlarge) Following the disappointing employment report, today’s advance retail sales for December was the most important indicator of the current week concerning the US economy. Specifically, the question is whether the much weaker-than-expected nonfarm payrolls is an indication of a weakening US economy or if other indicators are pointing to a decent economic […]
Dow Jones Industrial Average (US30) opened up as December retail sales came in above expectations. This brought a halt to the steep drop experienced yesterday and if the DOW finishes up today it will break a 4 session losing streak. also contributing to the rise was JP Morgan (JPM) results which cheered investors and revealed […]
Moss Bros (MOSB.L) has recieved a boost after the company announced it was increasing dividend after full year profits beat forecasts. Like-for-like sales also jumped 12.9% in the five weeks to January 11th and rose 7.3% in the 24 weeks to the same day. Chief Executive Brian Brick said “The improved sales performance and continued […]
Positive newsflow from the Eurozone kept the euro buoyed while the pound recovered after UK inflation data. In other news, US retail sales helped the dollar against the yen but otherwise had little impact. The main data release during the European session was UK CPI data for December, which showed a slower pace in inflation […]
Overview: Since our last analysis, the EUR/NZD pair has been trading downward, the price tested the level of 1.6218 on high volume. As you can see in the chart, FR 61.8 %В did not В holdВ at 1.6330. We may see the testing of major Fibonacci Expansion level at 1.6150, before major bullish continuation phase. In case that […]
Overview: Since our last analysis, gold has been trading upwards, as we expected, the price tested again the level of 1,254.79 on average volume.We can alsoВ observe that demand has entereted the market at 1,244.00 which is a sign that selling at this stage looks risky. If the price breaks the level of 1,256.00 (FE […]
British Sky Broadcasting (BSY.L) has recieved a boost after bank UBS upgraded their rating to BUY from Neutral. UBS said: “We think trading at Sky (BSkyB) will remain resilient despite competition from the new BT Sport channel. We do not think the economics for BT Sport stack up and expect Sky to agree a wholesale […]
Mears Group (MER.L) releases favourable trading update stating they expect full year performance to be inline with management expectations and also that they will have strong cash performance. The current order book stands at £3.8 billion and the bid pipeline remains at £3.0 billion. The Group has 90% visibility of consensus revenue forecast for 2014 […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Markets edgy ahead of core retail sales – 14 January 2014 Written by the easy-forex team Currencies The euro (EUR) remained range bound around 1.3665 after moving higher last week on weak US jobs growth. The single currency has found temporary support around 1.3637. The […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the negative dollar sentiment and buoyant commodity prices.The NZIER 4Q quarterly survey of business opinion showed that net 52% of New Zealand firms are now expecting business conditions to improve over the next six months, up from a net 33% in 3Q. […]
Today’s Support and Resistance levels: R3: 142.02 R2: 141.78 R1: 141.49 Current spot: 141.31 S1: 141.09 S2: 140.79 S3: 140.49 Technical summary: We are clearly in wave iii lower and should see resistance at 141.49 protect the upside for the next decline lower towards 139.89. Looking at the larger picture (please see the chart below), […]
Nothing much new with the Dollar index today. Prices remain weak below important resistance area of 81-81.50. There is no clear upward or even downward impulsive move. Prices make overlapping formations in both ways and things remain unclear. This is indicative of the sideways move we remain. That is why we prefer to remain neutral […]
The upward bounce in GOLD was incomplete that is why we saw a higher high yesterday. Prices where expected in our previous analysis to test $1,260 after breaking above $1,245. The rise from the intermediate low atВ $1,218 seems now as a complete 5 wave upward move and I think this is the end of […]
Overview:В GBP/JPY is expected to trade in higher range. It is undermined by the increased investor risk aversion and Japan exporter sales. But GBP/JPY losses are tempered by the demand from Japan importers. Daily chart is negative-biased as MACD and stochastics are bearish, although latter at oversold zone, five-day moving average is below the 15-day […]
Overview: USD/CHF is expected to trade in lower range. It is undermined by the negative dollar sentiment and the franc demand in the soft EUR/CHF cross. But USD/CHF losses are tempered by the franc sales in weak CHF/JPY cross. Daily chart is mixed as MACD is bullish, but stochastics is falling from overbought zone.В Trading […]
Today’s Support and Resistance levels: R3: 1.6403 R2: 1.6363 R1: 1.6340 Current spot: 1.6310 S1: 1.6268 S2: 1.6223 S3: 1.6187 Technical summary: Red wave v extended its decline, but after one more new low closer to 1.6223 we should see a correction higher to just below resistance at 1.6575. Looking at the larger picture, we […]
At XM social responsibility is more than an ideal, it is an active reality. We feel it is our duty to give back to the communities we serve, particularly in their most dire times of need. Such an opportunity presented itself last month when more than 5,000 people had to be evacuated from their homes […]
IG Group (IGG.L) posted strong earnings figures for the first half this morning. the group announced a 17 per cent rise in pre-tax profit of 95.1m pounds. Highlights of the announcement include: Pre-tax profit up 17 per cent Revenue boosted by growth in UK and Europe Dividend in line with prior year (5.75p per share) in […]
Ashmore group (ASHM.L) fell sharply after the company said it recorded a USD3.5 billion net outflow in the second-quarter due to investor uncertainty over emerging markets. Ashmore is the biggest faller on the FTSE250 this morning losing over 51p or 13%. Mark Coombs, chief executive, said “Market performance and, to some extent, investor behaviour during […]
Yen wins following overnight sell-off Morning Report: 08.45 London • Last night US stock markets experienced their worst sell off since November, though thankfully things are a little more cautious this morning. • The yen pairs are seeing the biggest movements this morning and big sell offs yesterday. The GBP/JPY is leading the […]
USDJPY underlying upside momentum in the long term remains bullish but in the short-term there is some consolidation of the recent strong rally that took the pair to 5-year highs. Friday’s weak nonfarm payrolls pushed the pair to retreat to 102.84 on Monday, the lowest since December 18 and off the 5-year high of 105.43 […]
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В General overview for 14/01/2014 08:00 CET The five impulsive waves to the downside look to be done and now corrective cycle is on. The shape of the correction looks like a ZigZag pattern and it should be terminated between the golden trend line resistance level somewhere around 1.0900 OR at the level of 1.0927. Any […]
General overview for 14/01/2014 07:40 CET The range indicated yesterday has been broken to the downside as anticipated. Currently, the main count indicates one more low possibe as long as the level of 142.16 is not violated. If it is, then the level of 140.48 is the low for wave C green. Please notice that […]
USD/CAD Elliott WaveВ The USD/CAD pair traded upwards last week, corrective wave (a) (coloured red)В of the bigger wave [y] (coloured blue) was developing. Yesterday’s descendingВ movement from 1.0944 toward 1.0840 was enough to confirmed that we are in the (b) waveВ right now and while we stay below the Friday’s high we are going to look for […]
