Daily chart: The USDX has had a strong fall below the resistance level of 80.11, so it is very likely that the USDX to fall to the support level of 79.19 soon. If the USDX manages to consolidate below the 79.55 level, this fall might happen. On the other hand, if the USDX makes a […]
Daily chart: This pair found resistance at the level of 1.6766, but the GBP/USD remains strong in the bullish bias. If the pair manages to consolidate above this level, it would be expected to rise to the resistance level of 1.6851. On the other hand, it is very likely that the GBP/USD makes a corrective […]
Overview: The USD/CAD pair rebounded at the level of 1.0910, and it showed signs of strength following the level of 1.1060. As expected, the resistance was broken and turned to support at the same key level (1.0910). Another thought, the price set above the support seven days ago. Consequently, the pair has already formed a […]
Trading recommendations: According to the preceding events, the GBP/USD pair is going to move between 1.6795 and 1.6730. Sell at the level of 1.6810 with the first target at the 1.6768 price in order to test the minor support, then it will call for downwards pressure in order to continue its bearish movement towards 1.6700 […]
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The AUD/USD pair extended its rally to four days, after Australian retail sales and trade data beat forecasts. The Aussie has been under considerable pressure lately, unable to break the 90 cent plateau. The Australian dollar reacted positively to GDP data, which was released earlier this week. The Australian economy expanded 0.8% in the fourth […]
The USD/CAD was under pressure in the second half of the week, as strong Canadian data reinforced the Bank of Canada’s latest decision to maintain interest rates. As the Canadian economy continues to show signs of progress, the BOC will be less compelled to lower interest rates. Canada’s benchmark lending rate has been pegged at […]
Europe’s top pair soared amid key rate decisions from the European Central Bank and Bank of England. Additionally, positive data from Europe’s largest economy reinforced the view that the Eurozone economy is indeed in recovery mode. The European Central Bank felt no need to adjust its monetary policy, opting instead to hold interest rates at […]
The GBP/USD was unable to sustain its momentum, as investors reacted to an expected decision from the Bank of England. The Monetary Policy Committee opted to maintain the bank rate at 0.5% and the size of the asset purchase facility at 375 billion pounds. Having failed to manage rate hike expectations previously, the BOE shifted […]
The EUR/USD edged higher, as investors reacted to the latest batch of economic data and weighed the European Central Bank’s latest policy decision. German factory orders soared in January, according to the National Statistics Office. Factory orders, which include shipments, inventories and new/unfilled orders, rose 1.2% in January, compared to a 0.2% decline the previous […]
The pair remains in the bearish impulse initiated off its peak price around 1.6820 as long as this highest price doesn’t get broken through. The breakdown of 1.6600 is essential to confirm reversal and trigger a stronger pullback, which will pause the short-term bullish momentum and open the way towards 1.6536 (50% Fibonacci Level of […]
Overview: USD/JPY is expected to consolidate after hitting one-week high at 102.55 on Wednesday. USD/JPY is undermined by the weaker dollar sentiment (ICE spot dollar index last 80.09 versus 80.15 early Wednesday) after worse-than-expected drop in U.S. ISM non-manufacturing PMI to 51.6 in February, the lowest since February 2010 –from 54.0 in January (versus 53.5 […]
Successive ascending bottoms were established on the daily chart. This means the uptrend line established on September 2013 is still intact. The ongoing bullish impulse is probably targeting at 1.3900 corresponding to 100% Fibonacci Expansion as long as the depicted uptrend line remains defended by the bulls. Through the fundamental point of view, The ECB […]
Overview: USD/CHF is expected to consolidate in a lower range after hitting a four-day high at 0.8895 on Wednesday. It is undermined by the weaker dollar sentiment and franc demand on retreating EUR/CHF cross. Daily chart is mixed as MACD is bearish, but stochastics is rising from oversold zone. Trading recommendation: The pair is trading […]
Hello eToro traders and investors! Today’s lesson is your psychology 101 course when it comes to the school of trading and investing. They are very simple and should be common sense to the experienced members of the community, however, I do believe they present a lot of value for people getting their feet wet in […]
General overview for 06/03/2014 15:50 CET Wave (c) blue has been finished sooner than expected and the overall wave (2) blue has been finished as well. Unfortunately our target level has not been hit this time. On bigger time frame count we can see the low for wave 4 purple being in place and now […]
Overview: GBP/JPY is expected to consolidate after hitting a three-day high 140.78 on Wednesday. GBP/JPY is undermined by the subdued investor risk appetite and Japan exporter sales. But GBP/JPY losses are tempered by the demand from Japan importers and loose BOJ’s monetary policy. Daily chart is turnting positive as MACD is in bullish mode and […]
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. […]
