Overview: NZD/USD is expected to consolidate in lower range after hitting its six-week high 0.8425 on Friday. It is undermined by the kiwi sales on soft NZD/JPY cross amid increased investor risk aversion on events in Ukraine and concerns over economic slowdown in China. But NZD/USD losses are tempered by the negative dollar sentiment and […]
Overview: USD/CHF is expected to consolidate with bearish after hitting its two-year low of 0.8775 on Friday. It is undermined by the negative U.S. dollar sentiment, flows to safe-haven CHF as Russia-Ukraine tensions mount and stronger-than-expected Switzerland February KOF economic barometer (came in at 2.03 versus 2.0 forecast) and franc demand on soft EUR/CHF cross. […]
Overview: GBP/JPY is expected to trade in lower range. It is undermined by the increased investor risk aversion as Russia-Ukraine tensions escalate and Japan exporter sales. But EUR/JPY losses are tempered by the diminished expectations for ECB rate cut on Thursday after higher-than-expected euro-zone February flash CPI and demand from Japan importers and loose BOJ’s […]
The USD/CAD pair lost momentum last week, after disappointing US GDP data reminded the markets that a third Federal Reserve asset taper could take a while to materialize. In the week ahead, several high profile data releases make the rounds, putting the focus back on Canadian and US fundamentals. The ADP Institute is scheduled to […]
The EUR/USD pair opened the week treading water, after gaining a quarter of a percent the previous week. The markets were absorbing Eurozone manufacturing PMI in the European session, while at the same time looking ahead to an active data wire. Eurozone manufacturing PMI rose at a faster pace than forecast in February, according to […]
Overview From the today’s H4 chart, we find that the pair opened this week above the Support level of 168.50 and below the Resistance level of 169.75. Currently, it is testing the Resistance level of 168.50 to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the Resistance level, […]
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Upbeat Eurozone PMI data kept the euro steady against the dollar and prevented the single currency from falling lower due to tensions in Ukraine. The Eurozone’s manufacturing PMI rose to 53.2 while Germany’s ticked up to 54.8. Spain’s PMI rose to 52.5 and France’s was up to 49.7. This series of positive data in combination […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – The aussie tumbles down to its monthly low – 28 February 2014 Written by the easy-forex team Currencies The euro (EUR) moved even lower touching the level of 1.3642 before the rebound up to 1.3726 against the US dollar (USD). The pair moved lower after […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6511 on volume above the average. We can observe rejection from our major support zone at the price of 1.6308, which is a good sign for potential bullish continuation phase. The price got stopped […]
The 18-bloc euro remained lower against the US dollar on Monday. The currency bloc released a set of manufacturing data for February as the largest economy in region, Germany; released its final manufacturing data for February, showing that activity in the country contracted compared to the previous month. Germany’s final manufacturing Purchasing Managers’ Index (PMI) […]
GBPUSD: Though seen hesitating, we still look for the pair to resume its bullish strength triggered off the 1.6583 level. Note that the fact that it has reversed most of intra day losses suggests that its broader upside bias remains intact and trend resumption is imminent. Immediate resistance resides at the 1.6768 level, its Feb […]
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:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated section of Forex…What’s next for markets amid Israel-Iran tensions? – Special… April 16, […]
Hedge Funds bolstered their bullish bets on West Texas Intermediate oil to a record as increasing flows of domestic crude to Gulf Coast refineries trim down demand for more expensive foreign grades. Money managers increased net-long positions, or wagers on surging financial values, on the U.S. benchmark by 2.2 percent in the week ended February […]
Two Chinese manufacturing indexes plummeted last month, adding to challenges for development as Premier Li Keqiang discusses the government’s technique to the nation’s legislature this week in Beijing. The purchasing managers’ index from HSBC Holdings Plc and Markit Economics sagged down to a seven-month low of 48.5, the firms announced today. A similar gauge from […]
Fast Retailing Co.’s Tadashi Yanai, who establish his father’s tailor shop into Asia’s largest clothing retailer and along the way became Japan’s wealthiest man, is marching up his push into the U.S. market. The Japanese owner of Uniqlo is in discussions about a possible acquisition of J.Crew Group Inc., the U.S. retailer possessed by TPG […]
The yen and the dollar spiked up while commodity and emerging-market currencies sagged down with U.S. Secretary of State John Kerry preparing to visit Kiev as Russia seized control of Ukraine’s Crimea region, intensifying one of the most serious standoffs since the Cold War ended. The U.S. dollar will outperform amid increasing volatility, while there’ll […]
The world’s second largest economy is still indicating signs of struggling to expand as data released over the weekend showed slowing momentum in the manufacturing sector. There were two separate reports on China’s Purchasing Managers Index (PMI) – one was official from the Chinese government and the other was a private survey by HSBC/Markit. The […]
Weekly technical levels: Forecast: According to the previous events, the price of GBP/USD pair has still been trapped between 1.6768 and 1.6697. The level of 1.6768 is representing the double top and the weekly pivot point is set at 1.6697. Buy above 1.6700 in the short term with the first target of 1.6768, it might […]
The technical picture of the Dollar index is very bearish. The index has not managed to stage any sizeable upward move above 80.60 and it continues to make lower lows and lower highs. The sideways consolidation from 79.95 to 80.50 has been broken downwards and we expect this downward move to continue lower as important […]
Weekly technical levels: Overview: The EUR/USD pair has rebounded from the minor support at the level of 1.3756, and it is now approaching its support in order to test it. Moreover, it should be noted that the price of 1.3756 is representing the weekly pivot point for March 3-7, 2014. So it will probably […]
Ukraine Tensions Push Gold to Five Month High Morning Report: 08.45 London • This morning, escalating tensions in the Crimea and Ukraine have pushed gold to its highest level for five months. As Russian forces essentially occupy the Crimean peninsula, diplomatic tensions are rising as the US warn of consequences, while Russia looks after its strategic […]
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Natural gas futures gained on the second day despite speculation a winter storm that surge from the US Midwest to Northeast will amplify heating demand and as Russia’s irruption into Ukraine hyped geopolitical tension. Futures for delivery in April escalated 2.8% to $4.736 per million British thermal units on the New York Mercantile Exchange and were trading at […]
Oil and other energy prices rose on Monday as investors reached to seek safer assets as upheaval between Western powers and Russia surged last weekend. Russian forces are reported to be in full control of the Crimean region and the political situation is regressing with US and European allies committing to insulate Russia and castigate it for […]
Hyping political tensions in Ukraine pressured Asian shares on Monday, driving troubled investors to trim down their exposure to speculative assets in favor of conventional safe haven currencies such as Japanese yen and Swiss franc. Ukraine marshaled for war on Sunday and Washington threatened to insulate Russia economically, as President Vladimir Putin asserted he had the right to […]
The US Stocks dived on Monday, after Russia bloodlessly took over a portion of Ukraine, intensifying turbulence between Russia and the West to a level unnoticed since the end of the Cold War. US stock futures plunged 0.7% from a record high hit on Friday while Japan’s Nikkei average stumbled 1.3%. MSCI’s widest index of Asia-Pacific shares […]
General overview for 03/03/2014 03:30 CET There is one more wave to the downside needed to complete wave B green of the correction before the upside trend will resume. The most important area right now is the grey rectangle zone between the levels of 1.1016 – 1.1027, marked as supply breakthrough zone or the key […]
Crude oil hit a 5-month high early on Monday as geopolitical tensions between Russia and Ukraine escalated. Threats of sanctions on Russia could disrupt supplies to Europe which receives a third of its supply from there. Oil prices opened on Monday with a gap higher at 103.14 compared to Friday’s close of 102.65 and hit […]
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