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 […]
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 […]
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 […]
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 […]
Good Morning eTorians, Are you ready for some fun? Once again the NFP is coming up, so we thought we’d bring back an old classic competition that most of you already know: “Guess the Rate of the Upcoming NonFarm Payrolls!” BUT, this time we’re adding a new mobile twist to the mix. In honor of […]
General overview for 03/03/2014 08:40 CET The blue wave (b) turned up to be a ZigZag correction to the upside instead of a simple abc purple that I labeled last Friday. Now it looks completed and another leg down in this corrective sequence may be in progress. The gap that traders can see is a […]
Flows were to the safe haven yen on Monday due to geopolitical risks as Russia threatens to invade the Ukrainian region of Crimea. Europe could be affected by a disruption of oil and gas supplies from Russia if sanctions are imposed on Russia. One third of Europe’s natural gas supplies come from Russia. In other […]
The pair broke the strong support at the level of 0.8800 on Friday. It made a low at 0.8878. The pair is trading in a descending pattern for more downward. During the Asia’s trading session, the pair is trading at the level of 0.8795. More downside action is expected below 0.8770 towards 0.8648 and 0.8568.The […]
The pair broke a 2-month support trend line, but managed to close above the trend line. The pair is trading at the level 1.1058 in Asia. In the hourly chart the RSI gives a positive indication, expect some pullback towards 1.1084 and 1.109. If the pair breaks below 1.1055, more panic is expected towards 1.0968 […]
The US government revised its economic growth for the fourth quarter as consumer spending and exports were less than calculated earlier. The annual GDP expanded 2.4%, down from 3.2%. The US dollar fell to 79.69, a one-year low. In Friday’s trading session, USD made a low at the level of 79.69, taking support from October […]
In Asia, Japan will release the Capital Spending q/y and the US will release some economic data such as US-Core PCE Price Index m/m, US-Personal Spending m/m, US-Personal Income m/m, US-Final Manufacturing PMI, US-ISM Manufacturing PMI, US-Construction Spending m/m, US-ISM Manufacturing Prices, US-ISM Total Vehicle Sales. So there is a big probability the USD/JPY will move with […]
EUR/USD: The market was able to skyrocket from the support line at 1.3650 towards the resistance line at 1.3800. That was a movement of at least, 150 pips. The resistance line at 1.3800 itself is under furious attack, and it is currently giving way for the price to move further north. It is possible that […]
When the European market opens, some economic news will be released such as Spanish Manufacturing PMI, Italian Manufacturing PMI, Final Manufacturing PMI, and the ECB President Draghi Speaks. The US will release the economic data too such as the US-Core PCE Price Index m/m, US-Personal Spending m/m, US-Personal Income m/m, US-Final Manufacturing PMI, US-ISM Manufacturing […]
