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 […]
Asian stocks ascended, led by a retreat in Hong Kong and Shanghai, and emerging market currencies moved forward along with metals before Chinese factory report. The MSCI Asia Pacific Index gained 0.6% by 12:18 p.m. in Tokyo following its largest loss since February 4 yesterday. The Hang Seng China Enterprises Index profited 1.7% in Hong Kong as […]
The West Texas Intermediate traded close to one-month low following the data reported sluggish growth in factory output in China, the world’s second biggest oil consumer. In London, brent remained steady. Futures were slightly changed in New York after dropping the most since in two months yesterday. Chinese industrial production amplified by 8.6% in January-February period from last […]
EUR/USD: The EUR/USD is now challenging the resistance level at 1.3950, which ought to be breached soon. Our target at the resistance level of 1.4000 remains unchanged. In addition, there are some economic figures that would be released today, and they will have impact on this market. USD/CHF: This pair is now trading below our […]
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NZDUSD is in a strong uptrend, with sights set on a test of next key resistance at 0.8600. The pair rallied strongly following the RBNZ rate announcement, bouncing from a pre-data low of 0.8437 to 0.8575 in the early Euroepan session. Bullish momentum is strong, with prices riding the upper Bollinger Band and RSI rising […]
Australia’s jobless rate remained steady at a decade high last month despite a steep surge in the amount of full time workers, official data Thursday revealed. The country provided 80,500 extra full time jobs in February from January, the bureau of statistics declared, with the amount of people employed increasing by 47,300 overall– surpassing the […]
There was a flurry of developments in financial markets during Thursday’s Asian trading and the overall effect was to push the dollar lower while safe haven currencies gained. The euro made fresh 2 ½ year highs at 1.3948, with the 1.40 level now looking increasingly likely if the euro continues to rally. According to traders […]
The Australian dollar bolstered versus all 16 major counterparts after data showed employers added more than three times the jobs economists projected. Government bonds sagged down, pushing the benchmark 10-year yield to a one-month high, as full-time payrolls increased by the most in more than 22 years. New Zealand’s dollar leaped to a record on […]
Japan’s Nikkei share average marched higher on Thursday morning trading action after declining to a one-week low on the previous day as strong machinery data aided sentiment as far as metal shares, which stayed pressured on persistent concern about Chinese demand. Japan’s core machinery orders rallied in January at the most rapid pace in almost […]
Japan’s Topix Index moved back and forth between increases and declines, after declining the most in five weeks yesterday, as glassmakers rallied while shippers pulled back. NGK Spark Plug Co. soared 2.7 percent, leading advances by a Topix gauge tracking glass and ceramic-product makers. Teijin Ltd. leaped 2.3 percent on a report the carbon-fiber maker […]
Japan’s core machinery orders increased 13.4% in January from the previous month, the government declared Thursday, signaling that firms may be willing to increase their capital expenditures even after a sales tax hike in April. The huge hike on month follows a record decline in orders in December, but still came out close to twice […]
The yen moved higher for a third day versus the dollar as indications that development is slowing in China’s economy, the second-largest in the world, increased demand for haven assets. New Zealand’s dollar rallied against all of its 16 major counterparts after the central bank boosted interest rates in the first exit of record-low borrowing […]
The yen clinched a three-day surge against the dollar before reports in the U.S. and China that come in the middle of concern the world’s biggest economies are trimming its pace. The kiwi dollar soared to a record versus the currencies of its exchanging partners as New Zealand became the first developed economy to hike […]
When the European market opens, some economic news will be released such as French CPI m/m, ECB Monthly Bulletin.The US will release the economic data too such as the US-Core Retail Sales m/m, US-Retail Sales m/m, US-Unemployment Claims, US-Import Prices m/m, US-Business Inventories m/m, US-Natural Gas Storage, US-30-y Bond Auction, so amid the reports, EUR/USD […]
In Asia, Japan will release the Core Machinery Orders m/m, and the US will release some economic data such as US-Core Retail Sales m/m, US-Retail Sales m/m, US-Unemployment Claims, US-Import Prices m/m, US-Business Inventories m/m, US-Natural Gas Storage, US-30-y Bond Auction. So there is a big probability the USD/JPY will move with low volatility during […]
Technical outlook and chart setups: 1. The EUR/JPY pair has been off the recent highs (sub 144.00) for now. But the fall is expected to find intermediary support around 141.00 levels as a short term rising trend line is passing through. It is recommended to remain short for now, risk remains above 144.00. 2. Immediate […]
Technical outlook and chart setups: 1. The GBP/CHF pair has broken the rising trend line support on a daily chart as seen here. This shall prove to be further bearish and lower levels of 1.44 and 1.43 are expected. Please note that the back side of this trend line is now resistance, around 1.4650/1.4700 region. […]
EUR/USD remains in uptrend from 1.3477, the fall from 1.3915 could be treated as consolidation of the uptrend. Key support is at the upward trend line in 4-hour chart. As long as the trend line support holds, the uptrend could be expected to resume, and the next target would be in the 1.4000 area. Only […]
USD/JPY fell during the session on Wednesday, testing the 50.0 Fib level. This level, of course, has been an intraday high made on March 05, 2014, so it makes sense that it would be supportive now. It represents a fairly significant breakout, and we believe that it opens the door to the 105+ levels. However, […]
GBP/USD’s downward movement from 1.6785 extended to as low as 1.6596. A deeper decline would be likely seen in a couple of days, and the target would be at the 1.6500 area. Resistance is at 1.6710, only a break above this level could trigger another rise to re-test the 1.6822 resistance level. In the daily […]
Daily chart: The USDX made a bearish rebound near the 79.85 level and now it is very likely that the USDX will fall to the support level of 79.19. However, we must consider the USDX formed a fractal near the 79.35 level, which could give a lot of strength to the area to prevent future […]
Daily chart: The GBP/USD continues to fall in the current bullish bias as this pair stays below the 1.6663 level; therefore, the GBP/USD is forming a bearish pattern. If the pair manages to make a breakout at the 1.6590 level, it’s expected to fall to the support level of 1.6540. On the other hand, it […]
AUD/USD is trading at the level of 0.8995 in Asia. The pair is witnessing selling some resistance at the 0.9008 level. Daily momentum indicators are giving a buy signal. We recommend to buy this pair on a hourly basis only above 0.9008 for the targets at 0.9045, 0.9072, and 0.9133. More strength is above the […]
The last thing you want is to have the markets go berserk on you. Your alarm clock rings for the second time, making Snooze redundant. You rub your eyes and reach for your phone – because it’s 2014 and doing so is our first instinct every morning – to check on your trades. You’re looking […]
Overview According to today’s 4H chart, yesterday’s breaking of the support level at 171.50 gave the price an opportunity to keep its bearish move after closing below it. As shown here, currently the price is trying to continue its bearish move and is approaching support level of 170.50 to test it. In that case, we […]
Overview: USD/JPY is expected to trade in a lower range. It is undermined by unwinding of JPY-funded carry trades and flows to safe-haven yen amid increased risk aversion (VIX fear gauge rose 4.23% to 14.8, S&P fell 0.51% overnight) as concerns persist over the crisis in Ukraine. Crimea is due to hold a referendum on […]
The USD/JPY was trading to the downside in the mid-week session, as risk aversion made its way back into the global financial markets. The yen was supported last week by escalating conflict in the Crimea region of the Ukraine. In the mid-week session, however, investors were concerned about China, which has posted soft data throughout […]
