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 […]
The risk environment improved in the currency markets today as the threat of armed conflict in the Ukraine began to ease, especially after Russian President Putin said that Russia doesn’t need further division in the Ukraine. His comments helped eased fears that were in the air as to how Putin would react to sanctions imposed […]
Overview:GBP/JPY is expected to trade in lower range. It is buoyed by the positive investor risk appetite, demand from Japan importers and loose BOJ’s monetary policy. But GBP/JPY gains are tempered by the Japan exporter sales and caution before Wednesday’s Federal Reserve monetary policy decision. Daily chart is mixed as positive MACD histogram bars are […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested the level of 1.6128 on ultra high volume (selling climax). Be careful with selling since we’ve got selling on very high volume. We can observe testing the level of 1.6130 (Fibonacci expansion 61.8%). The EUR/NZD is in short- and mid-term […]
Overview: NZD/USD is expected to trade in a higher range. It is underpinned by the Kiwi demand on NZD/JPY cross amid reduced risk aversion and weaker dollar sentiment, reduced concerns over China and hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the caution before Wednesday’s Federal Reserve monetary […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar jittery ahead of FOMC statement tomorrow – 18 March 2014 Written by the easy-forex team Currencies The euro (EUR) continues to strengthen having reached 1.3946 before correcting to 1.3927 against the US dollar (USD) this morning. The single currency may be tested this morning […]
Overview: USD/CHF is expected to trade with risks skewed lower. It is undermined by the weaker dollar sentiment, reduced safe-haven appeal of CHF and franc demand on buoyant CHF/JPY cross. But USD/CHF losses are tempered by the caution before Wednesday’s Federal Reserve monetary policy decision and franc sales on rebounding EUR/CHF cross. Daily chart is […]
Bitcoin has been in the news a lot lately, mainly due to the unfortunate hacking incident that took down the biggest Bitcoin exchange, MtGox, in a matter of weeks. In a case of formidable foresight, our trading department had decided to switch to Bitstamp as our official Bitcoin provider, and thus succeeded in avoiding any […]
Crude prices were dragged lower on Tuesday by the ongoing tensions between Ukraine and Russia as the market speculates the US and European Union sanctions against Russia may weigh on oil shipments. While the Northern American benchmark WTI fell for a second day in a row on forecasts that the US stockpiles climbed in the […]
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 […]
Gold Tumbles On Russian Declaration Morning Report: 08:45 London • This morning, as Russia recognises Crimea’s independence, financial markets are pulling back from yesterday’s relief rally. The referendum passed without incident and while the long term situation is still unclear, markets seem to only be concerned about the prospect of military action – something that […]
The Dollar index remains in downtrend. The index continues to make lower lows and lower highs. Short-term support remains at 79.15-20. Short-term resistance is found at 79.50-60. Breaking short-term resistance could push the index towards the next resistance at 79.90. Breaking support could push the index towards 79 which was our bearish flag target from […]
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General overview for 18/03/2014 08:50 CET The market is currently trading in the range zone and yesterday’s bar was an inside candle. From Elliott Wave perspective, there are two possible wave scenarios here: main and alternate. The main scenario assumes the completion of the regular flat correction at the level of 1.1108 (1.1128 max) and […]
General overview for 18/03/2014 08:30 CET The market is currently trading in the range zone and traders should wait for a breakout in either direction. Two levels are here to keep an eye on them. To the upside the most important intraday level is in the 142.20 – 142.30 zone and a breakout above this […]
Technical outlook and chart setups: 1. The EUR/JPY pair has responded well on the trend line support. A bullish bounce is produced with a morning star trade signal. Please also note that the bullish bounce has appeared at past resistance turned support region 140.60/141.00. It is recommended to remain long from yesterday, risk remains below […]
The underlying trend for EURUSD is up however the pair is due for a short-term correction after a rally to a high of 1.3966 on Thursday. This level was rejected and the pair has since declined. Support is seen at key Fibonacci retracement levels of the upleg from Feb 27 low (1.3642) to the March […]
European stocks slide lower, after recording the largest increase in two weeks, as Federal Reserve officials starts a two-day assembly to finalize on stimulus policy. U.S. index futures were slightly altered, while Asian shares soared higher. Scania AB relinquished 3.5 percent after a board committee recommended turning down Volkswagen AG’s takeover offer. J Sainsbury Plc […]
The Asian shares surged up, with the regional benchmark rebounded from a five-week low, as improved US factory output figures bolstered optimism in the world’s largest economy. LG Electronics Inc., the second largest maker of televisions, ascended 3.7% in Seoul. Mitsubishi Electric Corp. advanced 3.4% in Tokyo following the manufacturer of industrial machinery and electronics equipment predicted a […]
The Australian dollar kept its gain versus major counterparts following the Reserve Bank policy makers reiterated a period of firm borrowing costs was possible. The Aussie shortly increased 0.3% of a three-month peak against the greenback after the RBA released today the minutes from its meeting last month, when the central bank held its benchmark rate at […]
The safe-haven Japanese yen nurses its latest peak versus the dollar while the euro stood sturdy on Tuesday as worries on the Ukraine crisis eased temporarily. Economic sanctions imposed by the United States and the European Union versus Russia after Crimea’s weekend vote to join Russia were viewed as too modest to dramatically rise near-term tensions on the […]
The US shares advanced on Monday, with the S&P 500 leaping from its worst weekly fall in the past seven days, as worries alleviated over the situation in Crimean region, while economic data implied the economy had improved following a winter slowdown. The 97% vote in Crimea, in favor of quitting Ukraine, was denounced as illegal by […]
Treasuries cut down a two-day slide as President Vladimir Putin said he supported a request from Ukraine’s breakaway region of Crimea to join Russia, threatening to intensify a diplomatic standoff with the West. Benchmark 10-year yields moved lower as investors sought havens. Russia should inked a treaty accepting Crimea’s accession, based from an order signed […]
The Federal Reserve will possibly dismiss its 6.5 percent jobless rate threshold and change to qualitative guidance for signaling when it will consider boosting the main interest rate, according to economists in a survey. The Federal Open Market Committee will declare on March 19 that it will connect policy to a scope of economic indicators, […]
Nikkei bounced back on Tuesday, taking heart from advances on Wall Street on the back of relief that Crimea’s vote to join Russia passed without major violence and on fairly positive U.S. data. The Japan stocks share average rallied 1.2 percent to 14,452.33, re emerging from a six-week closing low hit on Monday, though it […]
U.S. stocks revive from the weakest weekly drop since January and Treasuries backslide as better-than-estimated economic data overshadowed concern over Ukraine. Russian shares advanced with the ruble. The Standard & Poor’s 500 Index increased 1 percent to 1,858.83 following last week’s 2 percent decline. Ten-year Treasury yields rallied four basis points to 2.69 percent by […]
Australia’s dollar continued an upbeat note versus all its major counterparts after Reserve Bank policy makers reiterated a period of steady borrowing costs was likely. The Aussie exchanged 0.5 percent from a three-month high against the greenback after the release today of minutes from this month’s meeting, when the central bank held its benchmark rate […]
The yen dropped down for the first time in six days versus the dollar as increases in Russian stocks and the ruble damped concern that Crimea’s vote to leave Ukraine would immediately lead to further turmoil in the region. China’s yuan backslide to an 11-month low against the dollar after the central bank widened its […]
The dollar clinch surges from yesterday against the yen before the Federal Reserve begins a two-day assembly at which policy makers are expected to slash asset purchases which tend to bring down the USD. The yen stayed down versus most of its 16 major counterparts on easing concern that Crimea’s vote to secede from Ukraine […]
Risk sentiment has held up well and safe haven assets have been unwound after the easing of geopolitical risk. The yen weakened 0.7% against the dollar since Monday while the euro rallied back above the key 1.39 level. Markets participants were relieved that the threat of immediate military conflict in Ukraine receded and the West’s […]
