The EUR/USD was treading water in the early North American session, holding steady near two-week lows. The pair tumbled sharply in the mid-week session after the US Federal Open Market Committee laid the groundwork for a rate hike. The pair has lost nearly 1% since then. A dearth of economic data in the United States […]
Overview:The NZD/USD is expected to consolidate after hitting six-day low at 0.8499 on Thursday. It is undermined by the positive dollar sentiment and Kiwi sales on the rebounding AUD/NZD cross. But the NZD/USD downside is limited by the Kiwi demand on the NZD/JPY cross amid reduced risk aversion, hawkish Reserve Bank of New Zealand’s monetary […]
Currency markets were relatively quiet on Friday in the absence of major economic data releases. The dollar is set to end the week higher against most majors but gave up some post-FOMC gains. The euro moved further off a two-week low hit on Wednesday to rise higher against the dollar today. Data showing a record […]
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 […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading sideways, around the price of 1.6150, we are still waiting for larger movement. Our previous analysis is still active. According to the daily chart we can observe weak supply on high volume, which is a sign that we may see further bullish movements. The […]
Technical outlook and chart setups: 1. The EUR/JPY pair has bounced back after testing lows at 140.50. It looks like the pair is preparing to rally further towards 144.00 and 145.50, with the recent lows holding well. Recommendations are to hold long positions taken earlier, risk remains at 140.00. 2. Immediate support is at 140.50 […]
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Reversal Double-Top pattern was expressed at 1.6800 which led to the current bearish swing down to 1.6470. Breakdown of 1.6530 (50% Fibonacci level) which took place Yesterday exposed 1.6470 (61.8% Fibonacci) immediately. Mild bullish pull-back is taking place at 1.6470. Price level 1.6535 remains the nearest Intraday resistance for the pair. On the other hand, […]
Technical outlook and chart setups: 1. The GBP/CHF pair is moving exactly as per expectations at the moment. The pair has reversed from 1.4650 levels for now. This region is the support turned resistance as seen here. It is recommended to remain short for now, risk remains at 1.4700. 2. Immediate resistance is seen at […]
Since February 4, the EUR/AUD pair has been moving sideways with a slightly bullish tendency. This movement was maintained within the depicted bullish channel. On March 12, the bulls failed to establish an ascending top. Instead, a double-top reversal pattern was established at 1.5500. The neckline is located at 1.5200-1.5170 ( being tested today ). […]
Daily Fixation below 1.3850 gathered significant bearish pressure enough to breakdown the lower limit of the daily bullish channel. Today, there is a minor reversal expressed at 1.3750 of the recent slide from 1.3965. Four-Hour candlestick fixation above 1.3790 signals a temporary bottom that will target at 1.3850. Price Level 1.3850-1.3870 remains a significant supply […]
As depicted on the chart, the nearest demand level comes to meet the pair around 1.6475 (61.8% Fibonacci). The Double-Top pattern scenario is being executed with the neckline located around price zone of 1.6540-1.6580. Daily fixation below this neckline will enable the pair to reach 1.6350 as a projection target. The recent achieved low at […]
Following the seminar on the 8th March and due to popular demand, the XM team returned to Lagos, Nigeria on Monday 17th March to participate in the NYSC orientation camp. This provided a perfect opportunity to invite attendees to enrol in a special 5 week free forex training course. The event proved to be a […]
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, […]
Crude prices were seen rounding up the trading week in the negative territory on Friday, as it heads for a third weekly loss and US crude supplies advanced to the highest level since November. The North American WTI crude lost 0.59% to $98.31 per barrel on the New York Mercantile Exchange at the time of […]
European markets have opened higher today, mirroring gains in US and Asian markets. Meanwhile, the US extended sanctions against Russia and Fitch Ratings cut its outlook on the country, shifting market focus to news flows emanating from Russia. Closer home, traders will keep a close eye on UK public sector net borrowings figures due later […]
Asian currencies marching towards the sharpest weekly decline in nine months after the federal Reserve boosted its 2015 interest-rate projection. China’s yuan led the retreat doubling in its exchanging band. The Fed, while signaling this week that the goal rate will remain at zero to 0.25 percent in 2014, said it may touch 1 percent […]
Janet Yellen’s welcome in monetary markets during her first press conference as Federal Reserve leader features the risks of too much communication, investors stated. Merchandising accelerated in equities and bond yields climbed just after 3 p.m. New York time yesterday as Yellen told reporters that the interval between the end of quantitative easing and the […]
Janet Yellen declared that the Federal Reserve wasn’t changing policy when it overhauled the method it signals alterations in borrowing costs. Investors didn’t doubt it. In her first press conference as Fed chair yesterday, Yellen discussed that relinquishing a 6.5 percent jobless threshold for acknowledging an interest-rate hike “does not indicate any change in the […]
The dollar bolstered to the best performing mark in two weeks versus the euro after Federal Reserve policy makers signaled they’ll possibly boost interest rates by the middle of next year. The U.S. dollar rallied against 14 of 16 major counterparts after Fed officials bolster interest-rate projections yesterday and Chair Janet Yellen stated that borrowing […]
Soon, we will know if the breakout of the Dollar index above 80 towards 80.50 was real or a false breakout. The Dollar index is pulling back down towards its break out area and this backtest is very important. Previous resistance area at 80-79.95 is now support. If this support holds, we should expect another […]
The climax of the week was without a doubt the Federal Reserve policy meeting as well as Fed Chair Janet Yellen’s press conference. As was widely expected the Federal Reserve Open Market Committee (FOMC) announced its decision to maintain its scaling back of monthly bond buying by a further $US10 billion a month to bring […]
Markets Firm As Rally Holds Morning Report: 08:45 London • Markets have recovered after new Fed Chair Yellen’s difficult first week in the spotlight. Markets rallied into the evening and that sentiment is carrying over this morning. • Stock markets look set for a second straight day of gains, while the dollar index is holding […]
EUR/USD: At last, the EUR/USD was able to trade below the resistance line at 1.3800, leading to the awaited Bearish Confirmation Pattern in the chart. The support line at 1.3750 has been tested and could be re-tested again. Should it be broken to the downside, the price would go to the next support line at […]
AUDUSD has been consolidating above the 23.6% Fibonacci retracement (0.8916) of the downleg from Oct 23 (0.9756) to Jan 24 (0.8659). The pair is currently trapped between its 200-day and 50-day moving averages. There is immediate resistance at the 38.2% Fibonacci at 0.9078 while the key psychological level at 0.9000 is an important support level […]
The Asian stocks soared, with a regional index of shares outside Japan bounced back from the largest loss yesterday since August. Li & Fung Ltd. surged 17% in Hong Kong following the world’s biggest supplier of clothes and toys to retailers listed profit that outmatched analysts’ estimates and suggested to kick off its branding and licensing business. GOME […]
Oil prices prolonged losses on Friday as seasonal upkeep of refineries crimped US demand and a firmer dollar makes the commodity more expensive. Benchmark US crude to be delivered in May went down 58 cents at $98.32 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 27 cents to set at $98.90 […]
The US ascended on Thursday, following a set of economic figures led to an improving economy and investors reevaluated Federal Reserve Chair Janet Yellen’s statements which ignited speculation of an earlier than hoped rate increase by the central bank. After several weeks of mild economic data accredited by many investors to severe winter weather conditions, labor market data […]
The US dollar glided close to three-week peak versus a basket of major currencies on Friday, but might struggle to prolong gains as investors anticipated more clarity on the Federal Reserve’s policy path. Fed officials including Richard Fisher, James Bullard, and Narayana Kocherlakota will talk on Friday, following Fed Chair Janet Yellen shocked markets mid-week by proposing […]
The key focus of the market during the Asian session was the continued drop in the value of the Chinese yuan, but as risk assets had regained favor overnight, the impact was muted. The Chinese yuan fell to a 13-month low earlier in the session at 6.2370 against the US dollar although it managed to […]
