Concerns about China’s economic situation have had a bad impact on the European and US markets, which are looking bearish. Bad news for some means good ones for others and Australia and New Zealand would not complain. Allow me to elaborate on what really happened today, but first lets take a look at our March […]
On Friday, after the GBP/USD pair breached the price level of 1.6785, the market expressed a Shooting Star daily candlestick indicating strength of the bearish momentum on these levels. As depicted on the chart, the next demand level is located around 50% Fibonacci at 1.6540. This is the next destination for the bears. As long […]
Successive ascending bottoms were established on the daily chart. This means the uptrend line established on September 2013 is still intact. As expected, the ongoing bullish impulse succeeded in hitting price level of 1.3900. This level corresponds to 100% Fibonacci Expansion. Daily closure above 1.3900 will enable the pair to reach its next destination at […]
The GBP/USD rebounded sharply in the latter half of the week, as investors continued their sell-off of the US dollar. The US dollar index, which tracks the performance of the greenback against six major peers, was down 0.3% to 79.40. The British pound was a prime benefactor of the greenback’s prevailing weakness. The pound traded […]
The EUR/USD continued its upward climb in the second half of the week, as investors shrugged off upbeat US data. The pair continues to be supported by upbeat sentiment from the European Central Bank, which announced last week it was not going to lower interest rates. At the same time, ECB policymakers have been relatively […]
The North American pair unexpectedly fell amid disappointing Chinese industrial and retail sales data. As a commodity currency, the Canadian dollar is usually sensitive to negative releases from the world’s second-largest economy, as this implies declining demand for commodities such as oil, of which Canada is a prime exporter. Industrial production in China rose at […]
The AUD/USD pair was back in the driver’s seat after falling below the 0.90 handle in the mid-week session. The pair was supported by unusually strong Australian employment figures, which soared above expectations. Australian employers added 47,300 workers last month, according to the government’s Bureau of Statistics. The gains were led by a surge in […]
It’s a dream shared by millions: make a few savvy trades from the comfort of your home and enjoy the benefits of a secondary revenue stream. Of course, the void between wishing for it and making it happen seems to be a pretty big one, to say the least, but would-be online options traders have […]
Overview: USD/JPY is expected to consolidate after hitting four-day low at 102.55 on Wednesday. It is undermined by the broadly weaker dollar undertone (ICE spot dollar index last 79.60 versus 79.80 early Wednesday),lower U.S. Treasury yields and Japan export sales. But the USD/JPY losses are tempered by the demand from Japan importers, loose monetary policy […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting two-year low at 0.8731 on Wednesday. It is undermined by the broadly weaker dollar undertone and franc demand on the buoyant CHF/JPY cross and on the soft EUR/CHF cross. Daily chart is negative-biased as MACD and stochastics are bearish, although latter is at oversold […]
Overview: The NZD/USD is expected to trade in higher range. It is supported by the Reserve Bank of New Zealand decision increased its key interest rate by 25 basis points to 2.75% and RBNZ Gov. Wheeler said that the pace of hikes won’t change just because the central bank thinks the Kiwi is overvalued, while […]
The dollar was broadly weaker until US data on jobless claims and retail sales gave it a small boost. During the European session the euro hit a new 2-1/2-year high against the dollar, buoyed by comments from ECB Governing Council member Jens Weidmann. He said that the ECB’s accommodative monetary policy in the Eurozone was […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price rejected from our Fibonacci retracement 61.8% at the price of 1.6478 on very high volume and tested the level of 1.6223 on high volume (selling climax). Our previous analysis is still valid. Be careful with selling since we’ve got selling climax […]
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 […]
Overview: The GBP/JPY is expected to trade in higher range. It is supported by the improved risk tolerance and positive euro sentiment, demand from Japan importers and loose BOJ’s monetary policy. But the GBP/JPY gains are tempered by the Japan exporter sales. The daily chart is mixed as the MACD is bullish, but stochastics is […]
Overview In 4H chart, the pair failed more than once to break the support level of 170.50 and is still trading above it since yesterday. From the today’s 4H chart, the pair bounced from the support area again and started to take a slightly upward move approaching the resistance level of 171.50 which is tested […]
EURUSD: With EUR following through higher on the back of its Wednesday gains, further strength is likely. Resistance resides at the 1.4000 level where we may see the bears come in and push the pair lower. However, if this fails to occur, further strength could build up towards the 1.4050 level, its psycho level. Further […]
Crude prices were seen climbing on Thursday, boosted by the ongoing tension in Ukraine and the higher global demand for 2014, according to OPEC. Gains were trimmed by concerns over China’s economy, following the release of the industrial output figures which came lower than expected. The report showed signs of the world’s second largest economy […]
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 19, 2024 April 19, 2024 Potential for the further drop on NAS100The material has been…Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision… April 19, […]
The Reserve Bank of New Zealand delivered a widely expected interest rate hike on Thursday, raising its benchmark cash rate by a quarter of a percentage point to 2.75 percent. The RBNZ takes the lead at exiting from record low interest rates ahead of other major central banks in the developed world, as the United […]
The trend in the Dollar index remains down. The index continues to make lower lows and lower highs. The Dollar index was rejected at 79.80-90 resistance and turned lower to make new lows towards our target of 79. A few days ago, we mentioned that the bearish flag pattern was giving a target near the […]
General overview for 13/03/2014 10:50 CET The complex correction in wave (iv) green looks finished as the market is trying to resume the upward trend. The red trendline is broken now but the whole move upward lacks an impulsive wave progression, so there might still be a possibility that wave (iv) has not been completed […]
General overview for 13/03/2014 10:30 CET The count has been slightly changed due to the recent price action. The top for wave 2 green might be in place now as the full five wave progression can be labeled. An alternate count suggests that the current structure is an abc irregular flat correction that might end […]
Forecast: According to previous events, The AUD/USD pair has still been trapped between 0.9090 and 0.9030. Strong resistance will be formed at the level of 0.9140 providing a clear signal for sell deals with the target seen at 0.9030. Stop-loss is to be placed above 0.9175. Strong level (support) will be formed at the level […]
Overview: As expected, the support has broken and turned to resistance at the same key level (1.1150), so the resistance of the USD/CAD pair has already set at the price of 1.1150. Equally important, the price set below the resistance fifteen days ago. Furthermore, the price has still been moving between 1.1130 and 1.1066. Therefore, […]
Markets Climb Wall Of Worry Morning Report: 08:30 London • It is often said that bull markets climb a wall of money and if this is the case, it augurs well for the state of the current market. The S&P 500 is inching higher while commodities and commodity related currency push on despite poor Chinese […]
A relief rally for Asian markets overnight helped European equities at the open on Thursday but markets fell shortly after as the continued run of poor China economic data keeps market participants anxious about global growth prospects this year. China’s data overnight showed slow credit growth denting economic activity — industrial output, retail sales and […]
The Japanese yen held a three-day advance against the dollar prior to the US figures and China that emerges despite worries the world’s most economic giants are slowing down. The kiwi dollar escalated to a record versus the currencies of its trading partners, as New Zealand became the first developed economy to surge interest rates since 2011. […]
The US shares ended little changed on Wednesday, with the Nasdaq advanced for the first session in five, as investors kept abreast with the developing situation in Ukraine but brushed off worries about weakness in China’s economy. The EU agreed a model for its first sanctions on Russia since the Cold War, a more powerful response to the […]
Oil price dived to $98 per barrel on Wednesday, as the probability of a more profound economic deceleration in China implied anticipations of weaker demand and a report exhibited an increase in US oil supplies. Benchmark US crude to be delivered in April dipped $2.04 or 2%, at $97.99 per barrel in New York, the first close below […]
