As diverse as our community typically is, eToro OpenBook has one central theme today. Rather than telling you what that is, let’s take a look below at how we meet your five a day nutritional and investment needs. Before we do that though, I’m sure you’re ready to get your March Indices Competition fix! You […]
Overview As shown in the H4 chart, the pair has failed more than once to break the Support level of 168.50 and is still trading above it since yesterday. The pair bounced from the Support area again and started to take a slightly upward move approaching the Resistance level of 169.75. Currently, it is preferred […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price has broken our support zone at the level of 1.6085 and tested the level of 1.5996 on average volume. According to the daily chart, we can observe supply on average volume, which is a sign that we may see more downward […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Geopolitical implications push oil volatility higher – 21 March 2014 Written by the easy-forex team Currencies The euro (EUR) broke lower against the US dollar (USD) down to 1.3762 before correcting overnight to 1.3788. The euro may be tested today ahead of consumer confidence. The […]
Technical outlook and chart setups: 1. The EUR/JPY pair is still testing the counter trend line as seen here around 141.00 levels. A break below, in the sell zone is required to confirm further downside towards 130.00 levels. It is recommended to remain short (aggressive trade setups), risk remains at 144.00. 2. Immediate support is […]
Technical outlook and chart setups: 1. The GBP/CHF pair is raising past the line of resistance towards 1.4700 at the moment. The sloping line resistance is just around the 1.4720/30 mark, and also the expected of reversal. It is recommended to remain short with risk at 1.4700.A break above the trend line would be discouraging […]
Eurozone deflation risks have been a concern to several European Central Bank policy makers recently and have led to suggestions that further policy measures could be taken if necessary in order to combat deflation. ECB governing council members including Jozef Makuch, Governor of the Slovak National Bank, told reporters on Tuesday after presenting a new […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
USDJPY: The pair remains trapped in a range as it looks to create directional moves. This development leaves it vulnerable to the downside possibly towards the 101.27 level. Below here will expose the 100.75 level with a violation aiming at the 100.00 level and subsequently the 99.50 level. Its daily RSI is bearish and pointing […]
Trading recommendations: According to the previous events, the USD/CHF pair has still been moving between 0.8803 and 0.8893. It should be noted that the key level is set at the level of 0.8803 because is representing a strong support and it is coinciding with the weekly pivot point. Equally important, the double top will be […]
The US shares ascended following a two-day plunge as commodity and health-care shares marshaled and economic data reflected consumer confidence at a six-year peak. International Business Machines Corp., Cisco Systems Inc., and Johnson & Johnson surged higher than 2.2%, topping gains in the Dow Jones Industrial Average. Health-care firms climbed 0.8% as biotechnology stocks crippled a four-day dive. […]
Euro, stable after ECB explains monetary policy stand The euro was firm in early Asian trade on Wednesday, bouncing off lows after comments from European Central Bank officials assisted temper some of their earlier dovish stance. The single currency touched a three-week low on Tuesday following the ECB governing council member and Bundesbank chief Jens Weidmann said negative […]
Copper dived from a two-week peak despite concern the economic growth is slowing down and default risks are escalating in the largest-user China at a time when worldwide supplies are rising. The contract for delivery in three months on the London Metal Exchange moved back 0.7% to $6,554.25 per metric ton and settled at $6,574 at 10:41 […]
Overview: The GBP/USD pair movement will be continued directly from the level of 1.6420 in H4 chart. Moreover, this level was confirmed by the bullish market two months ago. Additionally, the price of the GBP/USD pair has been showing an upward trend at the same price which represents the weekly resistance 1 on March […]
Oil futures established with a loss on Tuesday as traders stake the future reports will reflect another weekly increase in US crude inventories, while escalating demand prospects ignited a rally in natural gas futures to their highest peak in almost a week. Crude to be delivered in May slacked 41 cents or 0.4%, to close at $99.19 […]
Asian shares marshaled to two-week peak on Wednesday, with investor confidence got a much needed lift from optimistic US figures and tarrying hopes China may take measures to stimulate its withering economy. MSCI’s widest index of Asia-Pacific shares outside Japan climbed 0.8% to its highest peak since March 11 while Japan’s Nikkei rose 0.1%. US consumer confidence escalated more […]
The Dollar index continues to trade sideways. Short-term trend is neutral but could easily change to up as the momentu from the big upward movement from 79.20 to 80.40 is strong. My preferred scenario is that Dollar will strengthen and the index will break resistance levels. Short-term support at the 61.8% Fibonacci retracement has held […]
Confidence Returns As Crimea Goes Quiet Morning Report: 08:30 London • This morning, markets are holding yesterday’s gains after US consumer confidence hit a six year high and tensions in Crimea eased further. Moscow has for now got what it wanted – the Crimean peninsula and more importantly has done so in the face of […]
On a daily basis IronFX Head of Global FX strategy Marshall Gittler comments on the world economies and speaks about the forex calendar of economic announcements. Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: […]
The Currency market analysis for Mar 26, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Mar 26, 2014 01:21AM (GMT -4:00, DST On) Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3810 Moving Averages: Strong Sell Strong Sell Strong Sell Neutral Indicators: Strong Sell […]
European markets have opened higher today, extending their previous session gains, amid speculation that the ECB and the People’s Bank of China will provide additional stimulus measures to support economic growth. With no release of major domestic macroeconomic data, market participants would keep a close eye on US durable goods orders data to gauge further […]
General overview for 26/03/2014 08:00 CET Yesterday’s intraday analysis worked very well and the pair declined to the anticipated target levels, but there is still no decision here and the market continues to trade in a range. Due to the correction getting more complex, I have labeled one more alternate count in shape of a […]
General overview for 26/03/2014 07.30 CET Yesterday’s recommendations were correct, the price fell to the target level, and currently is at the key level of 1.1152. From now on, the market might continue to retrace even deeper to the level of 1.1121 or bounce intraday to perform a weekly pivot test at the level of […]
In the long term picture, the long term up trend in gold has likely reversed. Gold has declined over 38% from the all-time-high of 1920.80 on 4th September 2011 to a low of 1180.11 in June 2013. The market is below the 100 and 200-week moving averages, which is a bearish sign. Since the June […]
Risk sentiment was turning positive once again as geopolitical concerns over Crimea receded and Chinese economic stimulus was anticipated in the coming months. Asian stock indices climbed to 2-month highs but the foreign exchange majors mostly remained within their recent ranges. In the crisis over Ukraine, both Russia and the West signaled they would not […]
EUR/USD Fundamental factors- The German Ifo business confidence index fell for the first time for five months in March, data showed on Tuesday, as the Crimea crisis hurts the sentiment in Europe’s biggest economy. The Ifo economic institute’s closely watched business climate index fell to 110.7 points this month from 111.3 points in February. The […]
The USD/JPY moved sideways in a narrow range between 102.01 and 102.50. Resistance is at 102.50, a break above this level will trigger another rise to test the 103.76 resistance. Support is at 102.01, a break down below this level will signal completion of the uptrend from 101.20, then the following downward movement could bring […]
The data released on Tuesday showed U.S. Consumer confidence touching a six-year high in March and house prices rising in January. The majority of the FOMC members expect the first rate hike in 2015, which is a bullish note. The US Dollar Index has made a Double Bottom near 79 and reversed up. With Positive […]
EUR/USD: This is a bear market, and it is expected that the price would continue to go bearish in spite of the current turbulence in the market (plus the fact that there is a serious battle between the bulls and the bears). The support line at 1.3750 was tested last week, and this week; it […]
When the European market opens, some economic news will be released such as GfK German Consumer Climate, Italian Retail Sales m/m, Italian Prelim CPI m/m. The US will release the economic data too such as the Core Durable Goods Orders m/m, Durable Goods Orders m/m, Flash Services PMI, Crude Oil Inventories, Bank Stress Test Results, […]
