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 […]
EUR/USD: The bullish outlook on this pair is still extant, plus the resistance line at 1.3950 would easily be tested, even breached to the upside. The support line at 1.3800 is a long-term barrier to any pullbacks along the way. The bullish outlook is valid as long as the price remains above that support line. […]
Technical outlook and chart setups: 1. The GBP/CHF pair remains below the support trend line for now. The minimum target is seen towards 1.4400/1.4300 for now. The support turned resistance line should cap any intraday rallies towards 1.4600/1.4700. Recommendations are to remain short for now. Resistance is at 1.4700. 2. Immediate resistance is at 1.4600/1.4700 […]
In Asia, Japan will not release any economic data’s for today and the US will release some economic data such as US-Building Permits, US-Core CPI m/m, US-CPI m/m, US-Housing Starts, US-TIC Long-Term Purchases. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: 102.29. […]
When the European market opens, some economic news will be released such as German WPI m/m, Italian Trade Balance, German ZEW Economic Sentiment, ZEW Economic Sentiment, Trade Balance.The US will release the economic data too such as the US-Building Permits, US-Core CPI m/m, US-CPI m/m, US-Housing Starts, US-TIC Long-Term Purchases, so amid the reports, EUR/USD […]
The pair is in a downtrend from the 105.44 levels, consolidating and taking support between 100.75 and 101.20. For the last two weeks, the pair is taking support at the 101.20 levels. If the pair breaks the level of 101.20, the immediate support comes at 100.75 and 100.0. Until the price breaks the support levels […]
The pair is in a downtrend from the high of 1.2700. It made a double top on March 03, and consolidating near the support level of 1.2603. The pair is still in upward direction, consolidating before further up move. In the daily chart, the pair is trading below all the short- and medium-term moving averages. […]
The German DAX breaks the H&S pattern on intraday basis. It breaks the yearly rising trendline and the neckline as well. During Friday’s trading session, DAX broke the neck and 200EMA moving averages on intraday basis, and well managed to close above the 200EMA level. Now it is reaching towards the breakdown level at 9,285. […]
The US dollar index is trading in a weak trend. The pair is in a consolidation phase with strong support between 79.27 and 79.0. The RSI gives positive divergence indications in the hourly chart. A move below the 79 mark leads to more dramatic fall in coming days. On the upside, a move above the […]
Daily chart: The GBP/USD continues to make quite slow movements, so this pair has not defined a trend for the next few days in this chart. For now, this pair is forming a higher low pattern below the resistance level of 1.6663. If the pair manages to make a bearish rebound at current levels, it […]
Daily chart: The USDX is approaching the support level of 79.19. The bearish bias remains very strong, so it is very likely that the USDX start making corrective movements as the USDX is oversold on low charts. However, if the USDX does make a breakout in the support level of 79.19, it’s expected to fall […]
Weekly technical levels of the USD/CHF pair. Notes: We expect a range about 70 pips today. The risk of 70 pips must make a profit of 105 pips. The value of 50% Fibonacci retracement levels is 0.8751. The level of 0.8751 will confirm the bullish market. Volatility on March 27, 2014 is 92.76. As a […]
Weekly technical levels of the NZD/USD pair: Trading recommendations: As it is known, history will probably repeat itself at this level again. So, according to the previous events, the NZD/USD pair is still moving between 0.8600 and 0.8530. Additionally, it should be noted that the minor support is going to set at the level of […]
As depicted on the chart, the next demand level is located around 50% Fibonacci at 1.6540. As long as 1.6820 remains the highest level for the month, the price level of 1.6540 remains the target for the bears. Another scenario is that a Double Top pattern is being established with the neckline located around 1.6600-1.6580. […]
The new week started off with a clear vote from the Crimean population in favor for Russia. How does this influence the markets, esp. the EURUSD and Gold? Gold seems to always be a safe haven when times may get rough, but is it a long term solution or only a short term reaction to […]
The USD/JPY pair rebounded strongly at the beginning of the week. The pair closed the previous week on the downside, as escalating conflict in the Ukraine’s Crimea region weighed on risk sentiment. Following Crimea’s vote to join the Russian Federation, the markets could face more volatility, which would support the Japanese yen. The week’s most […]
The North American pair opened the week in negative territory, trading well below the 1.11 threshold. As the week progresses, investors will have the opportunity to gauge the relative performance of the US and Canadian economies, as several high profile data releases are scheduled. Statistics Canada will report on manufacturing shipments, wholesale sales, retail sales […]
The EUR/GBP opened up the week in positive territory, despite weaker than forecast Eurozone inflation data. The pair faces an active and potentially volatile week, headlined by economic data and monetary policy. Eurozone data largely disappointed the markets at the beginning of the week. The Eurozone Consumer Price Index eased to 0.3% in February. At […]
The GBP/USD faces an active and potentially volatile week of trade, as policymakers on both sides of the Atlantic coalesce to discuss monetary stimulus and interest rates. In the background several high profile data releases will make the rounds, giving investors a chance to size the fundamentals of the US and UK economies. The Bank […]
The EUR/USD opened the week slightly above the 1.39 handle, as investors grappled with the latest Eurostat data release. Eurozone consumer price inflation eased to 0.7% in February, raising concern the currency region was succumbing to inflationary pressures. The so-called core measure of consumer inflation, which controls for volatile elements such as energy and food, […]
How The Ukraine Crisis Affects Your Money As Ukraine sits rather uncomfortably between Russia and Europe, most energy resources, food and commodities costs rose during this period of time as the country is in turmoil for more than a few months. At this point, investors and world leaders are taking into consideration the way in […]
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. […]
From the 4H chart, last week the pair failed to break the support level of 167.85 to reverse downward trend and take an upward move. From today’s 4H chart, the pair bounced from the support level and started to take an upward movement approaching the resistance level of 169.75 which is tested right now. Currently […]
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 possible Double Top reversal pattern. Price levels of 1.0950 and 1.0850 correspond not only to a previous congestion zone but also to the uptrend […]
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. On the short-term prospective, the pair remains bullish as long as the newly established bottom at 1.5315-1.5300 remains defended by the bulls. A bearish Head and Shoulders pattern […]
