Today traders eye G20 meeting. The Group of 20 major economies have promised to target a two percentage point increase in the global growth rate over five years and create tens of millions of jobs worldwide. While geopolitical risks emanating from the Ukraine crisis will be discussed, growth will top the agenda at the meeting. […]
The dollar sag down to the worst position in more than five months against a basket of counterparts after several Federal Reserve policy makers said estimates for an interest-rate hike were overstated in minutes from its last meeting. Turkey’s lira backslide against all but one of its 31 major peers as the government of Prime […]
Australia’s unemployment rate fell to 5.8% in March from 6.1% in February, official figures showed.The total number of people with jobs rose 18,100 (seasonally adjusted) to 11.55 m, the Australian Bureau of Statistics figures showed just. Full-time employment fell 22,100 to 8.02 m in March and part-time employment was up 40,200 to 3.52 m. Chinese […]
The dollar slide lower to a five-month low against a basket of counterparts before a Federal Reserve policy maker speaks after central-bank minutes diminish prospects for a hike in interest rates. Australia’s dollar bounced back. The U.S. currency reached a two-week low against the euro after minutes of the March policy assembly yesterday displayed the […]
Australia’s dollar achieved an over the four-month high mark against the U.S dollar after the administration reported jobless surprisingly sag down for the first time since September. The Aussie trimmed down advances after data showed China’s exports and imports surprisingly retreat. New Zealand’s dollar reached the best performing mark since August 2011 after a gauge […]
The pound achieved the best performing mark in a month versus the dollar and euro after a government report revealed that the U.K. trade deficit narrowed in February. Sterling has skyrocketed 4.8 percent in the past six months, the best mover of 10 developed-nation currencies recorded by Bloomberg Correlation-Weighted Indexes, in the middle of indications […]
The Canadian dollar achieved the best performing position in almost three months as minutes from the Federal Reserve’s last policy assembly proposed the Bank of Canada may maintain pace with its U.S. counterpart in bolstering interest rates. The currency empowered for a fourth day after minutes of the U.S. Federal Open Market Committee’s March 18-19 […]
Daily chart: The USDX continues falling and strengthening the current bearish bias. Now, it is very likely that the USDX will fall to the support level of 79.19. If the USDX does make a breakout at that level, it would be expected to fall to the level of 78.12. For now, the USDX remains below […]
In Asia, Japan will release the Core Machinery Orders m/m, Bank Lending y/y, Prelim Machine Tool Orders y/y and the US will release some economic data such as Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance. So there is a big probability the USD/JPY will move with low to […]
EUR/USD: The rally that started on this pair has eventually resulted in a ‘buy’ signal in the chart. That signal has been sustained. The price has succeeded in reaching our target at 1.3850 and is going beyond it. The price would now go upwards towards the resistance line at 1.3900. That is the next target. […]
Daily chart: This pair has consolidated above the support level of 1.6766 after the GBP/USD has successfully performed a breakout at that level. It is very likely that this pair will rise to the resistance level of 1.6851. If GBP/USD manages to make a breakout at that level, it would be expected to rise to […]
When the European market opens, some economic news will be released such as French Industrial Production m/m, French CPI m/m, ECB Monthly Bulletin, Italian Industrial Production m/m.The US will release the economic data too such as the Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance, so amid the reports, […]
Daily Forex Market Analysis with Michael Florentiades – Chief Economist – Head of Investment Research at XM.COM. (Euro keeps gains, yen rises on risk aversion and BOJ inaction) Related Posts:Outlook for EUR/USD on May 10. The euro went up for no… May 10, 2024 Analysis of EUR/USD 5M EUR/USD edged up on Thursday. The…The euro […]
Overview: USD/JPY is expected to consolidate with bearish bias after hitting three-week low at 101.55 on Tuesday. It is undermined by the positive yen sentiment after the Bank of Japan held steady on its policy Tuesday and BOJ Gov. Kuroda said he wasn’t contemplating any additional easing steps because he is “as convinced as before” […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting four-day low at 0.8823 on Tuesday. CHF sentiment is boosted by the drop in Switzerland March unemployment rate to 3.3% in March from 3.5% in February. USD/CHF is also undermined by the broadly weaker dollar undertone and franc demand on soft EUR/CHF cross. But […]
Overview: NZD/USD is expected to consolidate with bullish bias after hitting one-week high at 0.8681 on Tuesday. It is underpinned by the improved investor risk appetite and broadly weaker dollar undertone, buoyant commodity prices, hawkish Reserve Bank of New Zealand’s monetary policy stance and hopes of further stimulus in China. But NZD/USD gains are tempered […]
Overview: GBP/JPY is expected to consolidate with bearish bias. It is undermined by the positive yen sentiment and the Japanese exports sales. But EUR/JPY losses are tempered by the improved investor risk appetite and demand from Japan’s importers. Daily chart is negative-biased as MACD and stochastics are bearish, 5-day moving average is falling below 15-day […]
Daily Forex Market Analysis with Michael Florentiades – Chief Economist – Head of Investment Research at XM.COM. (Euro remains depressed on ECB’s QE thoughts, yen gains on risk-off) Related Posts:Outlook for EUR/USD on May 10. The euro went up for no… May 10, 2024 Analysis of EUR/USD 5M EUR/USD edged up on Thursday. The…The euro […]
Daily Forex Market Analysis with Michael Florentiades – Chief Economist – Head of Investment Research at XM.COM. (Dollar stabilizes after broad sell-off; yen stays strong on Kuroda’s ‘stay the course’ comments) Related Posts:The US dollar stumbled again May 10, 2024 The European and British currencies simultaneously began to rise on…Technical Analysis – NZDUSD bulls face […]
Strategy is a buzz word. Every expert, both in financial trading and in affiliate marketing, will tell you that you have to pick a strategy and stick to it no matter what. But what if your strategy is not working? Just like financial or social traders, you shouldn’t be afraid to change your own strategies […]
EURUSD: Although EUR is bullish, it is now seen hesitating ahead of its key resistance located at the 1.3820 level. Unless it decisive breaks and holds above that level, the risk is for it to trigger a pullback lower. However, above here will turn focus to the 1.3900 level. Further out, resistance comes in at […]
Overview In H4 chart, the pair failed to break the Support level of 170.50 more than once. It has been trading above it since yesterday. Today the H4 chart shows that the pair bounced from the Support area again and started to take a slightly upward move approaching the Resistance level of 171.50. Currently, it […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – UK Manufacturing may move the sterling – 08 April 2014 Written by the easy-forex team Currencies The euro (EUR) gained more than 50 pips and climbed up to 1.3748 against the US dollar (USD). The euro rose as the policy makers of the European Central […]
Past performance aside, why else did you copy the people currently in your portfolio? Was it their instruments of choice; perhaps they invest in all the same markets that interest, albeit baffle you? Maybe you like to keep it local and chose to support a compatriot. How big of a role did the activity on […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.5831 on the average volume . According to the daily chart, we can observe supply bar on the volume just below the average, which is a sign that we may see possible smaller bullish […]
Crude oil were seen trading lower on Wednesday, after climbing to a one-month high on Tuesday as the ongoing tension between Ukraine and Russia continues. On Tuesday, crude prices rallied on tensions between Russia and Ukraine and Russia and the weaker dollar, while traders are expecting the resumption of Libyan crude exports to weigh on […]
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:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…Video market update for April 17, 2024 April […]
Technical outlook and chart setups: 1. The GBP/CHF pair is stalling ahead of 1.4850/60 levels for now. Please note that this region is also a fibonacci ratios convergences as seen here. If the pair reverses from current levels, 1.4800, bears could take back control and push it further low towards 1.4450 at least. Recommendations are […]
I mentioned in previous analysis that since the Dollar index got rejected at 80.60-70 resistance, we should expect the index to challenge the Ichimoku cloud at 80.10 and if broken it would challenge the support at 79.70. Weakness in Dollar has pushed the index lower. The rejection was an important bearish sign that we noted […]
Technical outlook and chart setups: 1. The EUR/JPY pair remains locked within cone consolidation as seen here. The pair is seen to produce a bullish bounce at the support trend line, around 140.00 levels for now. This could again drag prices higher up to 143.00/50 and higher. It is recommended to exit short positions for […]
