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 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
Federal Reserve policy makers backed away from their year-old commitment to consider increasing interest rates when unemployment sags down under 6.5 percent. With unemployment declining faster than assumed even as other labor-market indicators show weakness, policy makers agreed it would “soon be appropriate” to revise their guidance about how long the era of record-low interest […]
Janet Yellen is discovering that when it comes to offering financial stimulus, the Federal Reserve is damned by emerging markets when it does and damned when it doesn’t. Sixteen months after she utilized a Tokyo assembly of global policy makers to defend her institution versus criticism it was buying too many assets, Fed Chair Yellen […]
U.S. stocks sagged down with Treasuries while the dollar bolstered as Federal Reserve meeting minutes signaled stimulus slashes would likely continue in measured steps and the International Monetary Fund warned of risks to global development. Ukraine’s bonds plummeted while U.S. natural gas spiked up. The Standard and Poor’s 500 Index relinquished 0.7 percent by 4:43 […]
General overview for 20/02/2014 11:10 CET Five impulsive waves to the downside has been finished and now the first leg of the corrective cycle is in progress. Judging by the shape of the correction, it looks like a ZigZag pattern and the key level to the upside here is at the level of 1.1024. Any […]
General overview for 20/02/2014 10:30 CET The blue impulsive bullish count has been invalidated and now the alternate count is developing. This count indicates more complex and time consuming wave (ii) green as the overall impulsive structure has not been finished. It is still possible that wave c green is in progress now and further […]
February 20th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as dismal Chinese manufacturing data, broadly hawkish FOMC minutes and the IMF’s downbeat assessment of emerging economies weighed on market sentiment. Meanwhile, investors await a slew of economic data from the US and European economies due later in […]
AUDUSD has been in a downtrend since October 23 until January 24 (more-than 3 ½ year low) when it bounced back up to retrace 38.2% of the downleg from 0.9756 to 0.8659. Following this rally from the January low, the market has consolidated between the 23.6% (0.8916) and 38.2% (0.9076) Fibonacci levels this month, with […]
Slowdown fears spook markets Morning Report: 08.45 London • This morning, financial markets are on the back foot after Chinese, French and then German manufacturing figures all came in below expectations. The S&P 500 fell heavily last night and is seeing some follow through selling, while the dollar index is bidding higher. • The big movers […]
The Japanese gained versus all of its 16 major currencies but Asian stocks drove lower on Thursday, as China’s manufacturing Purchasing Managers’ Index declined to a seven-month low. Japan’s currency was also backed prior to a report today that may report US inflation lagged, adding to worry recovery in the world’s largest economy is weakening. The Australian […]
The US dollar held firm versus a basket of major currencies on Thursday, backed by Federal Reserve’s minutes which cited policymakers would keep cutting down its stimulus at its present phase. The euro was settled at $1.3731, moved back from seven-week highs of $1.3773 versus the greenback after the release of the Fed minutes on Wednesday. Fed’s policy […]
Natural gas futures plunged on Thursday, as investors await data which may reflect a fall in weekly supply. March natural gas dropped 12 cents or 1.9%, to $6.03 per million British thermal units in the electronic transactions. The US Energy Information Administration is due to release today its weekly natural gas supply data. Analysts polled by Platts anticipated a […]
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The US Federal Reserve decided to take further gradual reductions in their stimulus as the economy continues to improve. Officials emphasized to investors their short-term interest rate would stay close to zero, based on the minutes of its January 28-29 meeting released on Wednesday. But the Fed couldn’t agree on how to change their commitment to retain the […]
Overview: The price of the USD/CHF pair is supposedly going to form strong support at the level of 0.8856. As well as, it should be noted that the price is going to form double bottom at this level in H1 chart. Accordingly, we expect this spot will form the last bearish wave this week. […]
The Dollar index has made a double bottom as expected at the important support of 79.95. The Dollar index was in oversold area as we mentioned in our previous analysis. This justified the bounce we were expecting. The Dollar index is rising again above 80 and is targeting the 38% Fibonacci retracement at 80.45. This […]
Intraday trading recommendations: To identify the resistance or support levels, it should be used historic rates to determine future prices. Therefore, the level of 1.3760 will indicate strong resistance on February 20, 2014. Moreover, we expect that the level of 1.3772 is going to form double top at this spot in H1 chart. Furthermore, according […]
EUR/USD: It is essential that this market stays above the price line at 1.3750 for the bulls to continue to maintain their supremacy. A probable sharp pullback does not mean the end of the bulls’ supremacy, as long as it is transient. It is still possible for the market to reach the resistance line at […]
There was a flurry of news during the Asian session as well as overnight during the US session, which were generally downbeat and dampened risk appetite in the currency markets. This led to safe haven flows into the yen. The flash reading of the HSBC China Purchasing Managers’ Index (PMI) fell in February to a […]
Overview As it was expected, we should wait for breaking the Resistance area of 172.00-171.50 before making a decision to continue the bullish move. Yesterday, as it is shown in the H4 chart, the pair failed to break this Resistance level to trade below this area and above the Support level of 169.75. Currently, it […]
The Fed released the minutes from its January meeting. They like to further reduce its monthly bond purchases. Now the outcome was clear, which makes the US dollar stronger. As a result, gold dropped and stocks were lower at Wednesday’s trading session. In the last couple of reports, we recommended that USD would move up. […]
Crude has remained in a trading range of 77-110 for 3 years. Now it is trading at the level of 103.70, near the 61.8 fib level. In the charts, daily and hourly, the RSI stood at overbought levels, and the price is trading at the level of crucial resistance at 103-105. It is not a […]
When the European market opens, some economic news will be released such as German PPI m/m, French CPI m/m, French Flash Manufacturing PMI, French Flash Services PMI, German Flash Manufacturing PMI, German Flash Services PMI, Flash Manufacturing PMI, Flash Services PMI, Spanish 10-y Bond Auction, Consumer Confidence.The US will release the economic data too such […]
In Asia, Japan will release the Trade Balance, and the US will release some economic data such as US-Core CPI m/m, US-Unemployment Claims, US-CPI m/m, US-Flash Manufacturing PMI, US-Philly Fed Manufacturing Index, US-Mortgage Delinquencies, US-CB Leading Index m/m, US-Natural Gas Storage, US-Crude Oil Inventories. So there is a big probability the USD/JPY will move with […]
Technical outlook and chart setups: 1. The EUR/JPY remains structurally unchanged for now. It is recommended to remain short for now, risk remains at 143.00/50. Trend line support is at 135.00 for now. 2. Immediate resistance is at 143.50, followed by 145.50, while supports are spread through 136.00 (intermediary), followed by 134.00/135.00 and 131.00 respectively. […]
Technical outlook and chart setups: 1. The GBP/CHF pair is stalling ahead of 1.4700 levels as seen here. Considering the fact that the pair is still in buy zone, the probability of a rally still remains from current levels, to challenge 1.5120/30. It is recommended to exit short positions taken at 1.4950/60 for now. 2. […]
Daily chart: The GBP/USD has failed to make a breakout in the support level of 1.6663. This support level is shown quite strong, and that on two occasions, this pair has tried to make a breakout there without success. If this pair takes a bullish rebound at current levels, it is expected to rise to […]
Daily chart: The USDX has made a strong bullish rebound on the support level of 80.11. However, these movements could be the formation of a higher low pattern. Furthermore, the USDX could change its current trend, so we must be pending before any formation of a fractal. If the bullish rebound gets prolonged, one would […]
The EUR/GBP was virtually unchanged in the late European session, as investors size the latest data release from the UK Office for National Statistics. In the Eurozone, meanwhile, the data wire was relatively calm ahead of several high profile releases in the second half of the week. Ahead of the North American session, the EUR/GBP […]
The USD/CAD resumed its bullish ascent despite a mixed bag of data from the United States. Recovery in the US has been uneven this winter, with severe weather having cooled economic activity across several sectors. Ahead of the North American session, the USD/CAD pair was trading at 1.1007. This represents a gain of 52 pips. […]
