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, […]
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 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 […]
General overview for 09/04/2014 09:30 CET The five wave impulsive structure has been finished and now it is a correction time for this pair. As long as the key level provides the support, the outlook is to the upside for intraday traders. The intraday golden trendline breakout is the first clue the correction is developing […]
Wall Street’s rally Tuesday inspired most Asian bourses overnight, lifting European equities early Wednesday. US stocks rebounded in the previous session following three-consecutive days of losses — the S&P500 rose 0.4% to snap its three-day losing streak and more encouragingly, the tech-heavy Nasdaq index gained 0.8% after the index took a beating amid panic in […]
empty Related Posts:Outlook for EUR/USD on April 17. A boring Monday seamlessly… April 17, 2024 Analysis of EUR/USD 5M EUR/USD did not show any interesting…Analysis for GBP/USD on April 16th. The pound should not… April 16, 2024 The wave analysis for GBP/USD remains quite complex but may…Analysis for EUR/USD on April 16th. The southern trend […]
The March Indices Competition is over, we have counted up and verified all the results, and we have our list of winners! Ninety two people from our eToro OpenBook community have qualified for the prizes, with the big $20,000 prize going to ZamOpusStrategy from Malaysia. We want to sincerely congratulate all our winners and thank […]
General overview for 09/04/2014 09:00 CET The current labeling indicates two possible scenarios here and the difference is in wave iii black bottom placement. The main count indicates that wave v black has been finished at the level of 1.0909 and now it is time for a corrective cycle to the upside. The resistance for […]
Forecast: According to the previous events, the price of GBP/USD pair has still been trapped between 1.6750 and 1.6683. The level of 1.6763 is representing the strong resistance on April 9, 2014. It should be noted that the price of 1.6763 is coinciding with the ratio of 161.8 Fibonacci. The minor resistance has set at […]
Back in the early 90s most people were just hearing about the Internet for the first time, even though it was invented back in the 70s. It had very few practical uses and was incredibly difficult to access. But only a few years later, most of us already couldn’t go an hour without checking our emails. […]
Overview: The EUR/USD pair has rebounded from the minor support at the level of 1.3731, and it is now approaching its support in order to test it. Moreover, it should be noted that the price of 1.37316 is representing the weekly pivot point for April 9, 2014. Equally important, the weekly pivot point is coinciding […]
Investors who trade forex need to pay attention to markets that impact certain currencies, as the EUR/USD rebounded recently with U.S. equities on the decline. This means that indicators that forecast decreases to stocks could help traders predict currency market volatility, which could provide information to help them profit. According to FX Street, the EUR/USD […]
