Hello eTorians!! The most interesting fact in the last week was the interest rate by the Royal Bank of New Zeland, which push NZD to the sky. The USD seems to be quite weak on all other currencies. Most of the Social Investors in eToro are busy protecting their old positions, managing their account and […]
The USD/JPY pair received a sharp boost in the mid-week session, as rate hike expectations in the United States broadened support for the greenback. The Federal Open Market Committee wrapped up its two-day policy meetings by announcing further stimulus cuts. The Fed will ease the pace of monthly asset purchases by $10 billion, bringing the […]
The North American pair soared in the mid-week session, as an expected decision by the Federal Reserve firmed up support for the US dollar. The pair set a fresh 52-week high in the latter half of the week, as investors continued to pour into the greenback at the expense of most other currencies. The Canadian […]
Europe’s top pair fell to the lowest level in more than a week, as the markets continue to correct from a three-month high. The pair broke below the 10-day simple moving average in the latter half of the week, as the euro continued to weaken across the board. The forex market received a heavy dose […]
The GBP/USD continued to pare gains in the latter half of the week. The pair strengthened in the mid-week session after the UK posted strong employment data. However, the gains were short-lived, as the pair began backtracking following the Federal Open Market Committee press conference. The UK claimant count rate fell by 34,600 in January, […]
The EUR/USD was backtracking in the latter half of the week, as investors continued to react to the Federal Open Market Committee’s decision to taper asset purchases by $10 billion. The decision followed two months of disappointing economic data, a sign the central bank plans to taper bond purchases consistently throughout the year. Fed Chair […]
Overview Today, 4H chart show that yesterday’s closing below the resistance level of 169.75 gives the price an opportunity for a bearish move. As shown here, currently, the price is reversing its bullish trend of yesterday trying to continue its bearish move by breaking the support level of 168.50 and closing below it. In that […]
The dollar maintained its strength on Thursday after Fed Chair Janet Yellen’s comments on Wednesday. The prospect of tighter monetary policy in the US sooner- than- thought, resulted in a sell-off in equity markets, hurting risk appetite. During a post-FOMC statement press conference, Yellen made specific reference to when she thought the Fed would begin […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Markets look ahead to FOMC for clues on monetary policy – 19 March 2014 Written by the easy-forex team Currencies The euro (EUR) failed to break above 1.3946 against the US dollar (USD) while currently trading below 1.3926. Over the past week the single currency […]
Technical outlook and chart setups: 1. The EUR/JPY seems to be testing the recent low formed at sub 140.00 levels. It is recommended to remain long for now, risk remains at 140.00. A break of 140.50 should prove to be further bearish. 2. Immediate resistance is at 144.00 levels, followed by 145.50, while supports are […]
Technical outlook and chart setups: 1. The GBP/CHF pair has rallied back to test the support turned resistance line as expected. A turn lower is expected from 1.4650/70 levels now. It is recommended to initiate short positions and also look to add further at current level. Risk remains above 1.4700 at least. 2. Immediate resistance […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, the price tested the level of 1.6227 on average volume. 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 EUR/NZD is […]
General overview for 20/03/2014 12:00 CET On H4 time frame we can still see the golden ascending price channel that keeps the price action in the range. The breakout is needed here to confirm the farther market move. For the bears, the most important level is the invalidation line at the level of 140.21 because […]
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 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the daily updated section of Forex…Video market update for April 09, 2024 April 9, 2024 Potential […]
EURUSD: With EUR extending its sell off during Thursday trading session today, further weakness is expected in the days ahead. On the downside, support lies at the 1.3700 level and then the 1.3631 level. Below here will aim at the 1.3561 level. Further down, support comes in at the 1.3500 level. Its daily RSI is […]
General overview for 20/03/2014 11:00 CET Due to wave overlaps the main count is indicating the top for wave 5 navy at the level of 1.1220 has been invalidated and new count has been made. This new count indicates more bullish wave progression from wave (B) purple low, but still shows the possibility of a […]
The Federal Reserve concluded a two-day policy meeting on Wednesday with an announcement that it will taper stimulus by a further $10 billion to $55 billion a month. While this was widely expected by the markets, what came as a surprise were comments by Fed Chair Janet Yellen. During her press conference, Yellen implied that […]
The psychological level: 0.8525. Notes: It should be noted that the key level is set at the level of 0.8525. Moreover, the 0.8525 level is coinciding with the weekly pivot point on March 20, 2014. We expect a range about 130 pips from today until tomorrow. Equally important, the resistance had already formed at the […]
Overview: The resistance has broken at the level of 0.8766. Moreover, the level of 0.8766 is going to become support on March 20, 2014. So, according to previous events, the price of the USD/CHF pair has still been moving between the price of 0.8773 and the 0.8803 price. Additionally, the psychological level has set at […]
Yeswterday, I mentioned in my analysis that there are signs of an expected trend reversal in the dollar index. 79 was important support and I suggested that bulls that believe the low was in should open long positions with the 79.20 stop and target at 80. The dollar index was mainly influenced by Janet Yellen’s […]
Messy Markets Post Fed Morning Report: 08:45 London • After a volatile reaction to yesterday’s Fed meeting and Yellen press conference, markets are messy this morning. Stocks are recovering from the morning lows and yesterday’s sell off while, the dollar index holds yesterday’s monster gains. […]
European markets have opened lower today, tracking losses on Wall Street and Asian markets, after the US Federal Reserve decided to continue scaling back its bond buying programme and indicated that interest rates could rise sooner than expected. Closer home, investors will focus on the Confederation of British Industry’s industrial trends survey for selling prices […]
The Canadian dollar plunged immensely on Wednesday to end below 89 cents US for the first time since mid-2009, as markets understood the comments by Federal Reserve Chair Janet Yellen that meant the US central bank might increase interest rates sooner than expected. Speculations on Fed intentions emerged a day following Bank of Canada Governor Stephen […]
The Asian stocks dropped, with the regional benchmark is heading towards a six-week low, following the Federal Reserve implied it might escalate US interest rates in the middle of next year. Newcrest Mining Ltd., Australia’s largest gold producer, tumbled 6.6% after bullion dived the most in three months as the Fed’s announcement tamed demand for haven assets. […]
The US dollar held massive gains in Asia on Thursday as investors weighed with the risk the US interest rates might escalate sooner and faster than previously predicted, pushing stock and bond prices. Short-term US bond yields leaped by the most in about three years following Federal Reserve Chair Janet Yellen said the central bank might conclude […]
Being the top performer among major currencies last year, the pound strengthened following the Bank of England noted additional gains are likely as Britain’s economy stretched despite fall in unemployment. Sterling advanced versus all of its 16 major counterparts as the government showed higher growth predictions in its budget address today. The pound profited 10% in the last […]
The US stocks dived for the first time in three days, as Federal Reserve Chairwoman Janet Yellen said the central bank’s stimulus program might conclude this fall and benchmark interest rates might increase in six months. Walt Disney Co., General Electric Co., and Boeing Co. wiped out 1.4% to lead the Dow Jones Industrial Average lower. Consolidated Edison […]
Canadian stocks slumped, after soaring to a five-year high yesterday, as U.S. Federal Reserve Chair Janet Yellen said central bank stimulus could close down this fall and benchmark interest rates could skyrocket six months later. Air Canada rallied 1 percent after Standard & Poor’s improved its debt rating on the airline yesterday. Athabasca Oil Corp. […]
The Currency market analysis for Mar 20, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Mar 20, 2014 4:28AM GMT Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3831 Moving Averages: Sell Sell Sell Neutral Indicators: Strong Sell Strong Buy Strong Sell Sell Summary: […]
U.S. stocks pullback for the first time in three days as Federal Reserve Chair Janet Yellen said the central bank’s stimulus program could expire this fall and standard interest rates could bolster six months later. Boeing Co., Walt Disney Co. and General Electric Co. gave up at least 1.4 percent to lead the Dow Jones […]
