Overview: NZD/USD is expected to consolidate with bullish bias after hitting near-two-month high at 0.8432 on Wednesday.It is Supported by the weaker dollar sentiment and Kiwi demand on soft AUD/NZD cross and hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the concerns over economic slowdown in China. Daily […]
Let’s get straight to the point guys: today and tomorrow are two really importants trading days! The ECB is set to make an important economic policy decision and following it, the ECB President will give a press conference regarding monetary policy. His comments may influence the volatility of the EUR and determine a short-term positive or […]
The main event of the day was the inaction of the ECB as during its scheduled policy meeting it decided to keep both the key refinancing and the deposit rates unchanged at 0.25% and 0% respectively, while employing no new tools to provide additional liquidity. The ECB’s staff forecasts saw slow growth and slow inflation […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – ADP Non-Farm Payrolls set to shake the market – 05 March 2014 Written by the easy-forex team Currencies The euro (EUR) tested support twice over the past 24 hours at 1.3725 against the US dollar (USD). The single currency is tested throughout the morning as […]
General overview for 06/03/2014 14:00 CET The anticipated level of 61%Fibo at 1.1016 has been hit and the overall correction in wave B green turned out to be in the shape an abcde triangle. This kind of wave developing would suggest a possible upside breakout from a triangle. This is in line with my count […]
Due to popular demand, the XM team returned to Budapest on the 1st March to host another live seminar for Hungarian traders. Professional forex trader and instructor, Zsolt Sándor, presented the seminar to over 140 attendees. Zsolt Sándor provided considerable insight on various aspects of intraday trading including: How to choose what instruments to trade […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested the level of 1.6212 on very high volume (selling climax). Be careful with selling since we got selling climax on the low new ground. EUR/NZD is in short- and mid-term bullish trend, so watch for buying opportunities on the dips […]
Prices for the North American West Texas Intermediate (WTI) extended losses for a third day in a row as US government data revealed distillate and crude stockpiles climbed, while the tension in the Ukraine eased. Crude prices were dragged to its lowest level in two weeks, clearing previous gains seen on Monday as Russian troops […]
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 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
AUDUSD: A fourth day of upside gain is now underway as AUDUSD looks to retake the 0.9080/5 levels. This if seen will pave the way for a push higher towards the 0.9150 level where a break will set the stage for a run at the 0.9200 level and subsequently the 0.9250 level. Its daily RSI […]
Forecast in the long term: According to previous events, the USD/CHF pair has still been trapped between 0.8900 and 0.8873. Strong resistance will be formed at the level of 0.8900 providing a clear signal for sell deals with the targets seen at 0.8875 nad 0.8834. Stop-loss is to be placed above 0.8935. Strong support will […]
The yen pulled back to a one-week low against the dollar on trimmed down demand for safer assets as Russian and U.S. diplomats met in Paris to address issues clouding the political problems in the Ukraine. The dollar depreciated versus the majority of its 16 major counterparts after less-than-projected employment data added to concern the […]
Emerging-market stocks soared a second day as the European Union promised emergency support to Ukraine while U.S. and Russian diplomats held discussions. The Standard & Poor’s 500 Index held near a record while oil slumped. The MSCI Emerging Markets Index inched up 0.3 percent by 4:32 p.m. in New York, even as Russian shares dropped. […]
The Federal Reserve stated that the economy in most areas progressed last month even as harsh winter weather slowed hiring, disturbed supply chains and kept clients away from stores and auto dealerships. Eight of the Fed’s 12 districts “reported improved levels of activity, but in most scenarios the hikes were characterized as modest to moderate,” […]
Bank of England officials learn the issues regarding the foreign-exchange market was being manipulated as early as July 2006, more than seven years before regulators opened proper investigations into the so called rate-manipulation. The BOE yesterday issued minutes of central bank meetings with traders from some of the world’s largest banks where they discussed issues […]
Daily pivot point: 1.3730. Overview: The daily pivot point of the EUR/USD pair will set at the level of 1.3730. Also, the weekly pivot point set at the 1.3756 price for March 3-7, 2014. Consequently, the market has still been calling for downward because the price has set below the weekly pivot point at 1.3756 […]
Australian Dolla Surge Morning Report: 08:45 London • This morning, the Australian dollar is blithely ignoring the tension in Ukraine and surging higher this morning after Australian retail sales and trade balance came in above estimates. The move has also seen the Kiwi dollar lift itself back towards multi month highs. • Elsewhere, stock markets […]
(click to enlarge) After hitting a fresh 4-year high in the middle of February (1.6821 on 17 February), pound versus dollar has been consolidating between roughly the 1.66 and 1.68 levels. The pound has recently managed to move away from the 1.66 level towards 1.67 – close to the middle of the range. If the […]
As Asian shares and US futures increased, the European stock-index futures ascended before European Central Bank’s interest rate decision and US data on jobless claims. Deutsche Telekom AG might surge following a prediction for free cash flow and the sale of T-Mobile US Inc. is less probable in the near term. Vivendi SA might be active after […]
The US crude oil futures stretched their losses in electronic trade on Thursday although London-traded Brent crude pulled off to elevate. Crude oil to be delivered in April dropped 44 cents, or 0.4%, to $101.01 per barrel, prolonging Wednesday’s 1.8% fall. However, Brent crude for April increased 18 cents or 0.2%, to $107.94 per barrel, cutting a fraction […]
Asian shares could savor a reprieve on Thursday as diplomatic endeavors taper the conflict in Ukraine, while euro is pressured as investors assume if the European Central Bank (ECB) will alleviate policy today. Any measure the ECB takes to back the still fragile euro zone economy could serve some assets although gains could be restricted before the US […]
The US stocks ended a bumpy trading day on Wednesday mostly dwindling with blue-chips dropping the most, as investors reacted mildly to generally disappointing economic data. The key indexes traded in a slender range following a huge rally on Tuesday which pushed the S&P 500 and the Russell 2000 to record levels. S&P 500 closed around where it […]
The Dollar index has EURUSD as its major component. So we expect to see an increase in volatility today after the ECB meeting. The Dollar index is fighting to break above short-term resistance at 80.40-60. It is a positive sign that prices have moved back above 80 as this is not only technical support but […]
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The main theme dominating markets was the anticipation of the European Central Bank meeting later in the day as there has been a lot of debate whether the ECB will provide stimulus and what kind of stimulus or if it will choose to wait following the uptick in February inflation last Friday. One possible measure […]
The pair broke out of the triangle in Thursday’s Asian trading session. The pair hit a high at the level 102.60, where it is facing resistance at 102.61. We could see a move up, if the pair crosses the 102.61 level. Further rise could be expected above 102.61 , and next target would be at […]
EUR/USD: Unlike what is happening on the JPY pairs, the EUR/USD has not really assumed any significant directional bias, although it is more likely that the price would go north when momentum does return to the market. It is safe to assume a possible northward move as long as the price is above the support […]
When the European market opens, some economic news will be released such as Retail PMI, French 10-y Bond Auction, Spanish 10-y Bond Auction, German Factory Orders m/m, Minimum Bid Rate.The US will release the economic data too such as the US Unemployment Claims, US revised Non-farm Productivity q/q, US revised Unit Labor Costs q/q, USF […]
The Bank of Canada yesterday announced that it is maintaining its target for the overnight rate at 1%. In Canada, economic growth in the fourth quarter of 2013 was slightly stronger than the bank estimated. Exports have been a little stronger than previously thought. The Monetary Policy Report says that both total CPI and core […]
In Asia, Japan will release the30-y Bond Auction and the US will release some economic data such unemployment claims, revised nonfarm productivity q/q, revised unit labor costs q/q, factory orders m/m, natural gas storage. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to […]
