FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Markets look ahead to FOMC for clues on monetary policy – 19 March 2014 Written by the easy-forex team Currencies The euro (EUR) failed to break above 1.3946 against the US dollar (USD) while currently trading below 1.3926. Over the past week the single currency […]
The Dollar index has not made much progress neither to the downside nor the upside yesterday. Short- and long-term trend remain downward. Short-term resistance is found at 79.60-85 and short-term support is found at 79.30. For a larger degree trend reversal, the Dollar index will need to break above the Ichimoku cloud and the downward […]
The number of people claiming unemployment benefits in the United Kingdom fell in February by much more than expected. According to data from the Office of National Statistics, the claimant count change was down by 34,600 last month, more than the 25,000 decrease that was forecast, bringing the number of jobless Britons to 1.17 million […]
Crude prices were seen trading lower on Wednesday as the tension in Ukraine eases, reducing the negative impact on the market. The North American West Texas Intermediate (WTI) for April delivery came in 0.42% lower trading at $98.49 per barrel on the New York Mercantile Exchange at the time of writing, while the Brent crude […]
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 May 10, 2024 May 10, 2024 Potential for the further rally on USDJPYThe material has been…Weekly Forex Outlook: 10/05/2024 – US inflation numbers to… May 10, 2024 […]
In this downtrodden economy, where only remnants of the markets’ former glory stand, it’s easy to become overwhelmed when things don’t go our way. Investments we make oftentimes get the better of us; it’s happened with the rise and fall (and then rise again, like a crypto-phoenix from the virtual ashes) of Bitcoin and it […]
European markets have opened mixed today, ahead of the outcome of Janet Yellen’s first monetary policy meeting as chairperson of the US Federal Reserve due later today wherein the central bank is expected to further scale back its monthly bond purchases programme. Closer home, the Bank of England is set to publish minutes of its […]
Traders Wait On Fed and Russia Morning Report: 08:45 London • This morning, financial markets have a slight positive edge as is often the case on the morning of a Fed day. At the very least, the market’s resilience in the face of the Crimea situation is impressive even as the first shots were fired […]
Overview: The price of GBP/USD pair is going to turn to bullish sentiment from the level of 1.6566. Additionally, the price of 1.6566 is coinciding with the double bottom and the ratio of 00% Fibonacci retracement levels in H1 chart. Accordingly, it will a good sign to buy above 1.6566 with the first target of […]
Overview: The market has opened below the daily resistance today. The resistance has already set at the level of 1.3970, a strong level, on March 19, 2014. Additionally, the double top is also coinciding with the same price (1.3970). Moreover, the EUR/USD pair reached the weekly pivot point yesterday and today the price is still […]
General overview for 19/03/2014 09:20 CET This pair is still in the range zone and the consolidation in this zone is getting more tight, complex and time consuming. The golden trendline is still providing the dynamic support for the price, so a breakout below this trendline is the key to the downside. Next green impulsive […]
The US dollar stood near its lowest level in more than four months versus a basket of currencies on Wednesday, on some anxiety before Federal Reserve Chief Janet Yellen’s inaugural policy review. Worldwide markets took a deep sigh of relief following Russian President Vladimir Putin said he did not plan to capture other regions of Ukraine, a […]
Oil prices surged down slightly on Wednesday as energy markets awaited for the latest US crude and fuel stockpiles figures. Benchmark U.S. crude to be delivered in April dipped 20 cents at $99.50 per barrel in the electronic trading on the New York Mercantile Exchange. The contract profited $1.62 to $99.70 on Tuesday following the sturdy US factory […]
General overview for 19/03/2014 09:00 CET The five wave impulsive movement to the upside has been finished just above the grey rectangle zone as anticipated yesterday. Currently, the price is at the key level of resistance and just about 60 pips from the top of the supply zone at the level of 1.1192. Any breakout […]
Asian stocks plunged, with the regional benchmark index rebounded after increasing by most in almost two weeks yesterday, as investors leaned on the prospect of additional sanctions on Russia and anticipated the Federal Reserve’s policy statement. Japan Display Inc. slipped 16% on its first trading day in Tokyo following the supplier of screens for Apple Inc. devices […]
The US shares escalated for two straight sessions on Tuesday, with the S&P 500 within obvious distance of its record following the statements from Russian President Vladimir Putin eased anxiety that turmoils in Ukraine could elevate. Profits were wide, with nine out of 10 primary S&P 500 sector indexes were higher for the day. An S&P technology sector […]
The S&P is in a broad underlying uptrend. This is confirmed by the market being above an uptrend line (from 9 October 2013) and above three moving averages (50, 100 and 200-day moving averages). Prices briefly turned lower after hitting an all-time high (1887.00) on March 7 but found support at 1830.25. This is the […]
The U.S. government spots no evidence of “widespread” utilization of virtual currencies such as Bitcoin to avoid penalties or finance terrorism, the Treasury Department’s top official aiming money laundering said. “Terrorists generally need ‘real’ currency, not virtual currency, to pay their expenses -– such as salaries, bribes, weapons, travel, and safe houses,’ David S. Cohen, […]
China begins direct trading between the yuan and New Zealand’s dollar today as the world’s second-biggest economy advertises the usage of its currency in global trade and finance. The action will aid trim down foreign-exchange deal expenditures between the two nations, the People’s Bank of China published on its website yesterday. The central bank set […]
The pound slash down the largest pullback in a week against the dollar as President Vladimir Putin said Russia had no plan to split Ukraine, easing concern the standoff in Crimea would curb the U.K. economy. Sterling cut down a decline against the euro, after sagging down to the worst in three months, before jobless […]
The dollar hits a four-month low versus its counterparts amid bets the Federal Reserve will bring down its unemployment rate threshold today and adopt qualitative guidance for signaling when it will boost interest rates. Traders’ expectations of future currency fluctuations stayed near the weakest since 2012 after President Vladimir Putin said Russia isn’t seeking to […]
The dollar managed to post slight gains ahead of the decision from the Federal Reserve later in the day. Still, the dollar’s trade-weighted index against a basket of currencies was near a 4-month low. The dollar was trading at 101.56 against the yen, relatively close to 100.75 which was its low for the year. The […]
EUR/USD: The price is above the support line at 1.3900. There is another support line at 1.3850, which can serve as a real barrier to any bearish attempts. There are still signs of bullish determination on the EUR/USD, and our target at 1.4000 remains unchanged. The EUR/USD is thus capable of trending further upwards, first […]
GBP/USD stays in a downward price channel in the chart, and remains in downtrend from 1.6822. Deeper decline could be expected, Resistance is at the upper line of the channel, only a clear break above the trend line resistance could trigger another rise towards 1.7000. Bank of England’s Governor Mark Carney yesterday unveiled a radical […]
The FTSE has been in a large volatile range from 6,500-6,900, moving 10% up and down every two months. Currently, it’s declining with the lower end of 6,416. In the daily chart, the index is trading below the short-term moving averages. At yesterday’s trading session, the index was closed above the 200 EMA level, which […]
The euro has risen in what could turn out to be an ending pattern. Based on the wave count below, we are in wave c of E up with the upper line at 1.396. Will it stop there or not? Will it take a European intervention to stop it? The Dollar index broke below the […]
When the European market opens, some economic news will be released such as German 10-y Bond Auction.The US will release the economic data too such as the US-Current Account, US-Crude Oil Inventories, US-Federal Funds Rate, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’s TECHNICAL LEVELS: Breakout BUY […]
Daily chart: USDX continues bearish movements, so the next target for USDX would be the support level of 79.19. If the USDX makes a breakout at that level, it would be expected to fall to the level of 78.12. On the other hand, if the USDX makes a bullish rebound at the support level, it […]
In Asia, Japan will release the Trade Balance, All Industries Activity m/m, BOJ Gov Kuroda Statement. The US will release some economic data such as US-Current Account, US-Crude Oil Inventories, US-Federal Funds Rate. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium […]
Daily chart: The GBP/USD fell to the support level of 1.6540, but the pair made a bullish rebound above that level, and now it is close to the level of 1.6600. However, the GBP/USD is forming a higher low pattern in this chart and if this pair manages to make a breakout at the 1.6540 […]
