The EUR/USD held on to last week’s impressive gains, as investors look ahead to an active data wire. Trade was subdued in the early part of the week, as US investors paused to observe President’s Day. Several pieces of economic data make the rounds this week. In Europe, the ZEW Survey of Economic Sentiment will […]
The USD/CAD pair faces an active week of trade, as investors look to determine the outcome of several US data releases. The greenback has traded negatively in recent weeks, as a string of disappointing data releases have reaffirmed that the Federal Reserve won’t rush to scale back bond purchases. In the early North American session, […]
A considerable support was provided around 1.6250. This price level corresponds to the previous multiple tops as well as recent bottom established around 1.6250. A breakthrough above the price zone of 1.6590-1.6660 opened the way directly towards the upper limit of the depicted channel around 1.6820 where the bulls failed to fix above. The upper […]
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Hello eTorians!! What a incredible week has passed! The USD doesen’t seem to find the energy to recover and during last 7 days it lost quite a bit on all its crosses. GBP seem to be stronger than ever and in a few days gained more than 300 pips on the buck. In this kind […]
The bulls managed to hit fresh highs (around 1.1220) that haven’t been visited since 2009. Recently, USD failed to keep its gains against CAD, and the USD/CAD pair was pushed to the downside indicating weakness of the ongoing bullish momentum. Friday’s candlestick came as a bullish hammer. This indicates bullish presence around the price level […]
Overview From today’s H4 chart and as it was expected last week, we see that we should wait for breaking the Resistance level of 171.00 before making the decision to continue the bullish move. Today and as it is shown on the H4 chart, the pair failed to break this Resistance area and bounced from […]
On the daily chart we can see that the bulls found enough demand around 1.3570 to push again towards 1.3680-1.3700 for another retesting. A prominent top was established around the same price zone on January 24. This renders this price zone as a considerable supply for the pair. Initial bearish target for this possible bearish […]
Good afternoon eTorians!! How was your weekend? Did you travel? Did you relax with family or friends? You are more than welcome to pass by my profile to let me know how was it We have all kinds of major news coming from all around the world today, so let’s start: There seems to be […]
The GBP/USD pair established a recent demand level around the price level of 1.6250 where a prominent bottom was established on February 5. A strong bullish impulse was expressed shortly after opening the way towards 1.6575 then 1.6666. Both resistance levels have been broken through. Recently, the bulls failed to fix above 1.6800 which is […]
Overview: USD/JPY is expected to trade in a lower range. Liquidity is thin today as financial markets in the U.S. and Canada are shut for holiday. USD/JPY is undermined by the negative U.S. dollar sentiment (ICE spot dollar index last 80.10 versus 80.30 early Friday) after surprise 0.3% drop in the U.S. January industrial production […]
Overview: GBP/JPY is expected to trade with the risks skewed higher. It is supported by the positive investor risk appetite and demand from the Japanese importers. But GBP/JPY gains are tempered by the Japan’s exporter sales. Daily chart is positive-biased as MACD and stochastics are bullish. Trading recommendation: The pair is trading above its pivot […]
Overview: USD/CHF is expected to trade in a lower range. It is undermined by the negative U.S. dollar sentiment and franc demand on buoyant CHF/JPY cross. Daily chart is negative-biased as MACD and stochastics are bearish, five and 15-day moving averages are declining. Trading recommendation: The pair is trading below its pivot point. It is […]
Overview: NZD/USD is expected to trade in a higher range. It is supported by the negative U.S. dollar sentiment, positive investor risk appetite and buoyant commodity prices; hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the weaker-than-expected 1.2% on-quarter increase in New Zealand 4Q retail sales (versus +1.6% […]
Monday’s European Session was relatively quiet since there were no key announcements and the US markets were closed for the Presidents Day holiday. The main theme of the currency markets was dollar weakness, as US data from last week continued to weigh on the greenback. The euro retained gains made against the dollar in the […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
Weekly technical levels of the GBP/USD pair. Notes: Support: 1.6630 Resistance: 1.6870 New range: 85 pips. General overview about pivot points: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets, as the […]
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Japanese economic growth numbers disappointed earlier in the day, as expectations of quarter-on-quarter GDP growth of 0.7% weren’t met. Growth came out at a much lower 0.3%. For 2013, economic growth averaged slightly more than 1.5%. There were two key reasons for the lower-than-expected growth. First of all, private consumption underperformed by rising 0.5% against […]
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 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe material has been…GBP/USD. April 11th. The US inflation report shocked the… April 11, 2024 […]
The market for collateralize loan commitments in Europe is heading for the busiest opening since 2008 in the middle of indications issuers may be able to overcome new regulations that are crimping U.S. transaction packaging junk-rated buyout debt. At least 2.4 billion euros ($3.3 billion) of the securities have been merchandised or are being marketed, […]
The 18-block euro currency edged higher against the US dollar on Monday as market participants focus on the Eurogroup meeting in Brussels. The euro climbed to its highest level since in three weeks during the Asian trading hours, as it rebounded from $1.3724 to trade nearly flat at $1.3702 against the US dollar at the […]
Crude prices were seen trading slightly higher on the first day of the trading week as the West Texas Intermediate (WTI) climbed slightly higher for the first time in three days. The demand for heating oil in the US strengthened, while downbeat reports from the US such as retails sales and industrial production data weighed […]
The United Auto Workers could be unwillingly be reassess its efforts to organize at foreign-owned factories in the U.S., a labor expert said, as the union committed to keep fighting after missing a closely watched vote at Volkswagen AG’s Tennessee plant. Workers in Chattanooga voted 712-626 on February 14 versus joining the UAW after three […]
Janet Yellen and Mario Draghi have a new reason to regard what International Monetary Fund chief Christine Lagarde calls the “ogre” of deflation: deteriorating confidence in emerging markets. Weaker growth from Brazil to South Africa risks unleashing a “dis inflationary impulse through the global economy,” said Bruce Kasman, chief economist at JPMorgan Chase & Co. […]
The world’s largest retirement fund should put half its $1.2 trillion of assets in stocks and bolster its yearly return target to 5 percent, said the head of a panel that advised lawmakers on overhauling public pensions. Japan’s Government Pension Investment Fund should trim down its bond holdings to about 40 percent within two years, […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6390 on volume above the average. Our previous analysis is still valid. We can observe weak supply (high churn bar) on the market and rejection of our Fibonacci retracement sub major 61.8% around the […]
Weekly technical levels: Overview: It should be noticed that the gap of the EUR/USD pair has opened above the weekly pivot point at the level of 1.3710. Therefore, the market will probably indicate a bullish opportunity at the level of 1.3710 and the weekly pivot point will act as strong support on February 17, 2014. […]
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