FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – The single currency touched its two and a half year high – 13 March 2014 Written by the easy-forex team Currencies The euro (EUR) climbed up to its two and a half year high at 1.3948 against the US dollar (USD). The single currency rose […]
Technical outlook and chart setups: 1. The EUR/JPY pair is on track towards 130.00 levels at the moment. It is testing the line of support at 140.50 levels. A clear break is required to instill further confidence in the bearish setup. It is recommended to remain short, bring risk to break even levels.(143.00) 2. Immediate […]
Technical outlook and chart setups: 1. The GBP/CHF pair is drifting lower towards 1.4350 levels now. Please note that a any bullish bounce here should remain well capped below the 1.4650/1.4700 level. It is recommended to remain short for now, risk remains at 1.4700. 2. Immediate resistance is at 1.4850/60, followed by 1.4950/60 and 1.5120/30 […]
European Central Bank (ECB) President Mario Draghi said on Thursday his forward guidance may help to drag the 18-bloc euro currency lower and reduce interest rates, which could help inflation return to the goal set by policymakers. “Our forward guidance … creates a de facto loosening of policy stance, as real interest rates are set […]
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 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Why is gold defying gravity? – Special Report April 7, 2024 Gold […]
The Dollar index bounced once it touched the lower wegde boundaries but still remains in downtrend. Lower highs is not a good sign for bulls. Short-term trend remains down as the index trades below the Ichimoku cloud and has not broken above the previous high at 79.93. For the trend to change to up, we […]
The most important event of next week will be the Federal Reserve policy announcement on Wednesday following a two-day meeting. Investors will look out to see if the Fed will scale back its current bond buying program further. The current pace of purchases is at $65 billion a month after the Fed trimmed the original […]
European equity investors are setting more orders by means of computers than through flesh-and-blood traders for the first time as new market policies push more money managers to go high-tech and low expenditure. The widespread regulatory alterations, outlined to make exchanging more secured, more transparent and better worth, have hit brokers and asset managers alike […]
Investments by Honda Motor Co. and Nissan Motor Co. that look set to make Mexico the largest car exporter to the U.S. are offering Japanese banks a chance to avoid the world’s lowest yields. The median interest rate set by 34 banks for commercial loans in peso in Mexico was 8.1 percent in January, according […]
Japanese stocks slided 2.7 percent to a one-month low on Friday trading action as concerns over Ukraine and slowing development in China distract investors, underpinning the safe-haven yen and punishing exporters. The Nikkei share average sagged down 395.04 points to 14,420.94 in mid-morning exchange after declining to a low of 14,408.62 earlier, the lowest since […]
Safe-haven currencies like the Japanese Yen and the Swiss franc were on fire in Friday trading action, having bolstered overnight as tensions in Ukraine flared up and worries about the status of the Chinese economy continued to intensify. Russia launched new military exercises near its border with Ukraine on Thursday, displaying no indication of pulling […]
General overview for 14/03/2014 09:00 CET The five wave impulsive progression to the downside from wave 2 green high has been finished and market is in the corrective cycle of lower degree correction. The target for now is the key level area between the levels of 1.1120 – 1.1128. Any breakout above the zone means […]
EUR/USD: Our target at 1.4000 has not been reached because the price pulled back from the resistance line at 1.3950. The bullish bias is still valid on the EUR/USD, and therefore, that drop is seen as a transient sale in the price. The price could thus rally massively again. Only a drop below the support […]
General overview for 14/03/2014 08:30 CET There is an interesting situation on H4 time frame as the price, after a sudden sell-off, almost hit the golden channel lower trendline. This wave progression can still be considered as a wave (4) correction in shape or abc irregular flat, but any breakout below the golden channel and […]
Overview: It should be noticed that the price of the GBP/USD pair has opened below the weekly support 1 at the level of 1.6650. Additionally, the market was in downtrend three days ago. Therefore, the market will probably indicate a bearish opportunity at the level of 1.6650 in the short term. Also, the weekly […]
Overview: The strong support will be set at the price of 0.8444 on March 14, 2014. Moreover, the resistance has already set at 0.8624 in H1 chart. So, we expect a range about 75 pips today. According to the previous events, the NZD/USD pair has still been moving between 0.8590 and 0.8520. It should be […]
Markets Steady After Sell-Off Morning Report: 08:45 London • This morning, markets are steady with a positive edge after heavy selling on stock markets & certain FX pairs. •The Australian and New Zealand dollars are still showing signs of stress however, after pulling hard back from the highs on Thursday. […]
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The underlying long-term trend for EURUSD is bullish. The pair rallied strongly from the end of January to a 2 ½ year high of 1.3966 on Thursday after breaching a key resistance level at 1.3914. Prices have since pulled back sharply towards support at 1.3833. Studies on the daily time frame show the market is […]
Negative risk sentiment was the key theme in today’s trading, which benefited safe havens such as the yen, while the euro also retreated after ECB’s Draghi said the central bank had been preparing for action if inflation becomes ‘unanchored’. As stock markets from New York to Tokyo sold off, the yen was the main beneficiary. […]
The Wall Street skidded on Thursday, with the Dow and the S&P 500 enduring their worst day since early February, on elevating worries about Ukraine and Russia, as well as new hints of an economic slowdown in China. Selling ascended in afternoon trading following Russia commenced military drills close to its border with Ukraine, showing no cue of […]
The Japanese yen headed for its largest five-day advance against the US dollar in seven weeks, as investors pursued haven assets despite continuous tension before a referendum that may result to Crimea’s withdrawal from Ukraine. The Bank of Japan kept record stimulus this week, holding ammunition despite speculation a sales-tax increase in April will harm the economy. Goldman […]
Asian stocks plummeted to a three-week low on Friday, as intensified standoff in Ukraine before a weekend referendum agitated investors to slack riskier assets. Firm US retail sales and employment data also strengthened expectations the US Federal Reserve will stick to its plan of slowly withdrawing its asset-buying stimulus. Thursday’s disappointing Chinese economic figures hyped the blues. MSCI’s […]
When the European market opens, some economic news will be released such as German Final CPI m/m, Employment Change q/q.The US will release the economic data too such as the US-PPI m/m, US-Core PPI m/m, US-Prelim UoM Consumer Sentiment, US-Prelim UoM Inflation Expectations, so amid the reports, EUR/USD will with move low to medium volatility […]
In Asia, Japan will release the Monetary Policy Meeting Minutes, Revised Industrial Production m/m and the US will release some economic data such as US-PPI m/m, US-Core PPI m/m, US-Prelim UoM Consumer Sentiment, US-Prelim UoM Inflation Expectations. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but […]
Daily chart: The USDX continues bearish patterns forming below the resistance level of 80.11. Now, the USDX is trying to fall to the support level of 79.19, and almost succeeded when fell to the level of 79.25. However, if the USDX makes a bullish rebound at current levels, it is expected to rise to the […]
Daily chart: The GBP/USD attempted to consolidate above the resistance level of 1.6663. However, this pair remains below that level and still forming a higher low pattern, so it is very likely that this pair will try to drop the support level of 1.6540. On the other hand, if the pair manages to consolidate above […]
The pair has been trying to cross the resistance level of 0.9085. If the pair closes above the level of 0.9085, then we can see a huge momentum upside towards the targets at 0.9205, 0.9246, 0.9450, and 0.9516. The pair did multiple attempts to cross the 0.9085 level from its daily high made on January […]
The pair is trading near the resistance level. The pair is in an upmove from the lows at 1.0955 and moved higher towards 1.1154. In the H4 chart, the pair is trading between 1.1078-1.1038, either side breakout will lead further move. The pair has broken the inverted head and shoulder pattern in a downtrend from […]
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