In Asia, Japan will not release any economic data, but the US will release some economic data such as US-S&P/CS Composite-20 HPI y/y, US-HPI m/m, US-CB Consumer Confidence, US-New Home Sales, US-Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: […]
Daily chart: The USDX has found strong resistance at the 80.11 level, and now the USDX is trying to make a corrective movement towards the bullish trend. If the USDX does make a breakout at the support level of 79.50, it’s expected to fall to the level of 79.19. On the other hand, if the […]
Daily chart: This pair has made a bullish rebound on the trend line near to the 1.6450 level. It is very likely that the GBP/USD rises to the resistance level of 1.6540. If the pair manages to make a breakout at that level, it would be expected to rise to the resistance level of 1.6663. […]
AUDUSD: With AUDUSD following through higher on the back of its Friday gains, the challenge is for it to break and hold above the 0.9132/5 levels. That zone has held on many occasions and it will be difficult for the pair to break but if that occurs, further strength should build up towards the 0.9166 […]
The USD/JPY was well supported above the 102 mark at the start of the week, despite ongoing tensions in the Crimean Peninsula. Escalating conflict between Russia and the West could trigger risk aversion in the markets, a trend that has supported the Japanese yen in recent weeks. Against a backdrop of uncertainty in Crimea, the […]
The USD/CAD pair will have the opportunity to extend its gains this week, as a dearth of economic data in Canada will keep the markets fixated on several important US releases. This week will decide whether the greenback is sensitive to fundamentals, or whether rate-hike expectations supercede any potential downfall in the economy. In the […]
The EUR/USD faces an active week of traded, headlined by several batches of economic data. The pair will attempt a rebound after falling sharply the previous week on the heels of the Federal Open Market Committee’s latest policy decision. Eurozone manufacturing PMI eased slightly to 53 in March, Markit Group reported. The gauge of service […]
The EUR/GBP faces an active week of trade, as several economic indicators will circulate through the financial markets. The euro opened the week in negative territory after Markit Group reported a broad-based decline in manufacturing and services throughout the Eurozone. The IFO Business Climate survey will make headlines in the early half of the week. […]
The GBP/USD was treading water at the beginning of the week, as the markets looked forward to several economic releases from both sides of the Atlantic. The pair tumbled sharply in the latter half of the previous week after the Federal Reserve announced a tentative timeline for rate hikes. The pair has yet to recover […]
Things are not what they used to be and I’m talking about only a month ago. Russian troops are storming Ukrainian military bases in Crimea; the manufacturing sector in China fails to provide for a second month in a row. People should be running in despair; even safe assets keep falling. That’s correct. Both Gold […]
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Overview:Since our previous analysis, the EUR/NZD pair has been trading upwards. As we expected, the price tested and rejected from the level of 1.6229 on average volume. Our previous analysis is still valid. According to the daily chart, we can observe weak supply on high volume, which is a sign that we may see further […]
Major currencies took their direction from fundamental stories on Monday, as markets focused on a series of Purchasing Managers’ Index (PMI) reports from various countries. The euro was weaker against the dollar after being weighed down by disappointing German PMI data. After a brief rally to a European session high of 1.3824 following stronger-than-forecast French […]
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 seems to be unable to hold higher levels. The counter support trend line has been probed for the 3rd time, around the 140.50 mark. It is recommended to exit long positions now. A break here would encourage bears to further push towards 139.00 and lower levels. […]
Technical outlook and chart setups: 1. The GBP/CHF pair is testing support turned resistance line again for now around 1.4630/50 levels. Till the time prices are below 1.4700, bears should remain in control. It is hence recommended to remain short, risk remains just above 1.4700. 2. Immediate resistance is at 1.4850 (interim), followed by 1.4950/60 […]
Crude prices were seen trading lower on Monday, dragged lower by China’s HSBC Flash Purchasing Managers Index (PMI). The weak data indicates a further slowdown in the world’s second largest oil consumer. The North American WTI edged 0.35% lower to $99.12 a barrel on the New York Mercantile Exchange on Monday. At the same time […]
A series of Purchasing Managers’ Index (PMI) reports were released on Monday by Markit for the month of March for the Eurozone. Particular attention was paid to the German and French PMIs. France’s manufacturing and services flash PMI readings both rose back above the 50 level which demarcates expansion from contraction. The preliminary reading of […]
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:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated section of Forex…What’s next for markets amid Israel-Iran tensions? – Special… April 16, […]
Weekly technical levels of the GBP/USD pair. Trading recommendations: As it is known, sellers are asking for a high price as well as buyers are bidding at a lower price. Therefore, the first key level will set at the level of 1.6610 and the second key level will set at the 1.6420 level for March […]
Weekly technical levels: Tips: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets as the prices are most likely to be between the R1 and S1 lines. Within a strong trend, the […]
The Dollar index is in a short-term up trend and as can be seen in the chart below a bullish flag is being formed. The sharp rise from mid 79.00 to 80.40 has now been paused and price is moving sideways creating a bullish flag. The trend has reversed to up, and we expect another […]
General overview for 24/03/2014 09:30 CET There are two possible counts present on this pair, and the key level to the upside is a small intraday supply zone between the levels of 1.1255 – 1.1262. Breakout higher would mean that the main count is invalidated and the alternate count is in play. The target for […]
General overview for 24/03/2014 09:00 CET The abcde green triangle idea is still possible and the key level for that count would be intraday resistance at the level of 141.98. Any breakout higher above this level means that grey rectangle area between the level of 142.21- 142.30 will be tested. Please notice the red descending […]
European markets have opened in the red today, tracking Friday’s losses on Wall Street and after preliminary data indicated that China’s manufacturing activity dropped for a fifth consecutive month in March. With no release of major domestic economic data during the day, investors would eye Eurozone and US manufacturing PMI data for further cues. Related […]
Markets Push Higher Despite China Slowdown Morning Report: 08:30 London • This morning, financial markets are making early gains despite signs of a slowdown in China. HSBC Chinese Manufacturing PMI came in well below estimates, but stocks and commodity related currencies have shrugged this off to show some fight. […]
The US dollar clung to decline versus the euro and yen at the end of last week as investors counted on prospects for US growth against hints the Federal Reserve will escalate borrowing costs next year. Demand for the greenback was restrained prior to a private report today that economists say the proliferation in US manufacturing is […]
Asian shares surged lower on Monday, as investors were shackled by continuous upheaval in Ukraine, uncertainty on US Federal Reserve policy, and concerns on slowing growth in China. The euro climbed from a recent low versus the dollar as traders kept on recalibrating expectations around US monetary policy following Fed Chair Janet Yellen elevated the prospect of […]
Treasuries are the largest giving up government bonds in March before U.S. reports this week economists said will display new home sales were near a five-year high and orders for durable products bolster. U.S. government debt due in more than a year slide lower 0.5 percent this month, the largest decline of 26 bond markets, […]
Brent oil plunges from a one-week high in London and West Texas Intermediate dropped following a benchmark of factory production in China shrank for third consecutive months. European and US futures slipped 0.4%. A preliminary China purchasing managers’ index for March from HSBC Holdings Plc. and Markit Economics dipped 48.1. Germany, the euro zone, and the US also […]
