EUR/USD is trading near key support at the level of 21EMA at 1.3816. Today in Asia, the pair has broken the level and made a low at 1.3814 as of now. As we recommended earlier, hold shorts until the pair crosses the level of 1.396. In the daily chart, the RSI is showing a sell […]
When the European market opens, some economic news will be released such as German PPI m/m, EU Economic Summit. The US will release the economic data too such as the US-Unemployment Claims, US-Existing Home Sales, US-Philly Fed Manufacturing Index, US-CB Leading Index m/m, US-Natural Gas Storage, so amid the reports, EUR/USD will move with low […]
In Asia, today there is no significant economic data to be released in Japan, but the BOJ Gov Kuroda will speak today. The US will release some economic data such as US-Unemployment Claims, US-Existing Home Sales, US-Philly Fed Manufacturing Index, US-CB Leading Index m/m, US-Natural Gas Storage. So there is a big probability the USD/JPY […]
Daily chart: The USDX rose to the resistance level of 80.11 after reacting positively to the news that appeared from the US Federal Reserve. If the USDX does make a breakout at that level, it would be expected to rise to the level of 80.62. On the other hand, if the USDX makes a bearish […]
Daily chart: The GBP/USD has had a fall to the support level of 1.6540 and now this pair is trying to consolidate below that level. However, it is expected that the GBP/USD start forming a higher low pattern. It should be noted that near the support level of 1.6447, there is a bullish trend line […]
Successive ascending bottoms were established on the daily chart. This means the uptrend line established in September 2013 is still intact. As expected, the ongoing bullish impulse succeeded in hitting the price level of 1.3900. This level corresponds to 100% Fibonacci Expansion. A Shooting Star daily candlestick was expressed on Thursday after topping at 1.3965. […]
On February 13, the bulls expressed a bullish breakout above the upper limit of the previous bearish channel. This took place when the bears showed obvious weakness. Since then, 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 […]
Previous congestion zone between 1.0850 and 1.0960 provided a considerable support at retesting on February 19. This led again towards 1.1190 where the USD/CAD pair topped on February 21 establishing a double-top reversal pattern. Price levels of 1.0950 and 1.0850 correspond not only to a previous congestion zone but also come to meet the uptrend […]
To learn more about foreign exchange trading, please visit: https://pepperstone.com/ Currency Analyst Joel Murphy talks about the Federal Reserve and GDP data out of New Zealand. Related Posts:Analysis of EUR/USD. April 5th. There is still no positive… April 7, 2024 The wave analysis of the 4-hour chart for the EUR/USD…EUR/USD. November 6th. The bulls received […]
The USD/JPY was relatively steady in the early US session, as investors continued to track latest developments in the Crimea region, while keeping their eyes glued on the Federal Open Market Committee policy meetings. Escalating tensions in the Black Sea Peninsula could create a volatile trade environment in the global financial markets. This could make […]
The North American pair was back in the driver’s seat in the mid-week session, as investors reacted to the latest comments from Bank of Canada Governor Stephen Poloz. Speaking on St. Patrick’s Day, Governor Poloz warned the markets the Canadian economy still faces prolonged headwinds. Poloz said slower than normal growth may be the new […]
The GBP/USD rebounded sharply in the mid-week session, as investors reacted to the latest employment report courtesy of National Statistics. Unemployment levels in the UK declined by 34.6K in January, official data showed. This follows a decline of 33.9K the previous month. Economists in a Reuters poll said unemployment levels would likely decline by 25K […]
The EUR/GBP had its two-day winning streak snapped amid signs the UK labour market continued to advance in January. The pair was well bid earlier in the week despite weaker than forecast ZEW sentiment data, which showed institutional investor sentiment in Germany and the broader euro area was waning due to the Crimea situation. Unemployment […]
The EUR/USD was trading to the downside in the mid-week session, as investors grapple with escalating tensions in the Black Sea Peninsula. Risk aversion is in the air, as the markets realign amid Russia’s latest declaration of Crimean independence. The pair managed to hold support above the 1.39 region. Ahead of the North American session, […]
Overview In 4H chart, the pair failed to break the Support level of 167.75 more than once. It has been trading above it since yesterday. Today the 4H chart shows that the pair bounced from the Support area again and started to take a slightly upward move approaching the Resistance level of 169.20. Currently, it […]
Investing Like Warren Buffet – The CopyTrader Way What do people like Bill Gates, Carlos Slim, Benjamin Graham, Charlie Munger and Warren Buffet have in common ? As much as we would love it, the answer is not eToro. What these people have in common their continued success in the investment landscape. A closer look […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, the price tested the level of 1.6190 on average volume. Our previous analysis is still active. Be careful with selling since we’ve got selling on very high volume, according to the daily chart. We can observe rejection from the level of 1.6083, which […]
The market’s focus is on the Federal Reserve which concludes a two-day policy meeting later today. All eyes will be on the policy statement. The Fed is expected to cut another $10 billion from its monthly asset-purchase program, lowering its stimulus to $55 billion a month. While tapering is widely expected, what is important to […]
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 […]
The Dollar index has not made much progress neither to the downside nor the upside yesterday. Short- and long-term trend remain downward. Short-term resistance is found at 79.60-85 and short-term support is found at 79.30. For a larger degree trend reversal, the Dollar index will need to break above the Ichimoku cloud and the downward […]
The number of people claiming unemployment benefits in the United Kingdom fell in February by much more than expected. According to data from the Office of National Statistics, the claimant count change was down by 34,600 last month, more than the 25,000 decrease that was forecast, bringing the number of jobless Britons to 1.17 million […]
Crude prices were seen trading lower on Wednesday as the tension in Ukraine eases, reducing the negative impact on the market. The North American West Texas Intermediate (WTI) for April delivery came in 0.42% lower trading at $98.49 per barrel on the New York Mercantile Exchange at the time of writing, while the Brent crude […]
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:Video market update for April 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe material has been…GBP/USD. April 11th. The US inflation report shocked the… April 11, 2024 […]
In this downtrodden economy, where only remnants of the markets’ former glory stand, it’s easy to become overwhelmed when things don’t go our way. Investments we make oftentimes get the better of us; it’s happened with the rise and fall (and then rise again, like a crypto-phoenix from the virtual ashes) of Bitcoin and it […]
European markets have opened mixed today, ahead of the outcome of Janet Yellen’s first monetary policy meeting as chairperson of the US Federal Reserve due later today wherein the central bank is expected to further scale back its monthly bond purchases programme. Closer home, the Bank of England is set to publish minutes of its […]
Traders Wait On Fed and Russia Morning Report: 08:45 London • This morning, financial markets have a slight positive edge as is often the case on the morning of a Fed day. At the very least, the market’s resilience in the face of the Crimea situation is impressive even as the first shots were fired […]
Overview: The price of GBP/USD pair is going to turn to bullish sentiment from the level of 1.6566. Additionally, the price of 1.6566 is coinciding with the double bottom and the ratio of 00% Fibonacci retracement levels in H1 chart. Accordingly, it will a good sign to buy above 1.6566 with the first target of […]
Overview: The market has opened below the daily resistance today. The resistance has already set at the level of 1.3970, a strong level, on March 19, 2014. Additionally, the double top is also coinciding with the same price (1.3970). Moreover, the EUR/USD pair reached the weekly pivot point yesterday and today the price is still […]
General overview for 19/03/2014 09:20 CET This pair is still in the range zone and the consolidation in this zone is getting more tight, complex and time consuming. The golden trendline is still providing the dynamic support for the price, so a breakout below this trendline is the key to the downside. Next green impulsive […]
The US dollar stood near its lowest level in more than four months versus a basket of currencies on Wednesday, on some anxiety before Federal Reserve Chief Janet Yellen’s inaugural policy review. Worldwide markets took a deep sigh of relief following Russian President Vladimir Putin said he did not plan to capture other regions of Ukraine, a […]
