Major headline-grabbing news will probably be absent from the week ahead, as a raft of economic data will illuminate the state of the Eurozone economy and whether Japanese inflation is on course for 1.5%. Revisions to the GDP data of the United States and the United Kingdom will also be closely watched. For the euro, […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested and rejected from the level of 1.6492 on an average volume. Our previous analysis is still active. We can observe selling climax at the price of 1.6517, so selling at this stage looks risky. Our first major target has been […]
In our previous analysis, we mentioned that the Dollar Index was oversold and made a double bottom and that there was increased chances of an upward bounce. We expected the Dollar Index to rise first towards 80,40 and then towards 80,60. The index has managed to hold above its recent lows and it is now […]
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 24, 2024 April 24, 2024 Potential for the downside movement on the NAS100The material has…Forex forecast 04/24/2024: EUR/USD, USD/CAD, Oil and Bitcoin… April 24, 2024 We […]
EUR/USD: In spite of the present bearish retracement on it, this market remains a bull market, unless the price closes below the EMA 56. The drop in the Williams’ % Range period 20 indicates an opportunity to buy long when there is a dip in the price in a context of an uptrend. USD/CHF: In […]
Global finance chiefs will use weekend discussions to recommend financial policy is carefully calibrated and clearly communicated as they try to settle a spat between the U.S. and emerging markets over the wind-down of Federal Reserve stimulus. The recommendation is contained in a draft communique for a meeting of Group of 20 policy makers scheduled […]
As delegates gather for the Mobile World Congress in Barcelona next week, they’ll see the smiling mug of keynote speaker – and Facebook Inc. boss – Mark Zuckerberg splashed across brochures and websites. Chema Alonso better represents the prevailing mood. The scruffy computer whiz oversees digital security for phone carrier Telefonica SA. While he won’t […]
Hewlett-Packard Co. reported fiscal first-quarter earnings and sales that surpassed analysts’ projections as the personal-computer maker won new orders for corporate machines and servers to run data centers. Earnings excluding certain costs in the period ended January 31 was 90 cents a share on revenue of $28.2 billion, the Palo Alto, California-based firm said today […]
A Chinese manufacturing slowdown fired up speculation that President Xi Jinping’s officials will switch its aim in upcoming months from taming credit growth and financial risks to supporting economic expansion. A factory gauge for February sagged down to a seven-month low, HSBC Holdings Plc and Markit Economics said yesterday. Barclays Plc said yesterday that the […]
The U.S. economy may prove more inclined to deflation than the Federal Reserve believes and that may present a reason to keep financial policy loose, according to a model made by Wells Fargo Securities LLC. Deflationary pressures have been “relatively high” since January 2010 and now have a 66 percent chance of prevailing in the […]
EURGBP – Loses Corrective Recovery Steam. EURGBP- Unless EURGBP resumes its corrective recovery triggered off the 0.8157 level, the risk is for it to return to the 0.8190 level. Below here if seen will open the door for a return to the 0.8157 level, its Feb 17 2014 low. Further down, support is seen at […]
Crude oil is hovering at a 4-month high around the 103 level. Prices rallied from a January 9 low of 91.23 to a high of 103.27 on Thursday. Prices are now consolidating near this high. The market is being capped by the 61.8% Fibonacci retracement of the down- leg from the September high (110.68) to […]
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Markets march on after volatile week Morning Report: 08.45 London • Markets are mixed this morning with various cross winds buffeting market dynamics, but ultimately the bull run in equities appears to be still in rude health. The S&P 500 is no set for its highest close since the end of January, while the dollar index […]
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Stocks advanced on Thursday, following the manufacturing activity reached the highest level in almost four years, while Facebook and Tesla propelled their shares to record highs. Major indexes swerved between little gains and losses in early trading but were certainly in the black after noon and did not look back. The S&P 500 finished less than 0.5% […]
Asian shares gained as the regional benchmark index rallied from its largest drop in two weeks, following a larger climb in US manufacturing gauge tempered fears about global growth. BHP Billiton Ltd. (BHP), the biggest mining company worldwide, proliferated 1.5% as raw-materials companies topped the regional advance. Samsung Electronics Co., which will reveal a high-end Galaxy phone next […]
Natural gas futures leaped on Friday following its losses in the last session, despite forecasts of further cold US weather. But oil prices dived, following the US crude inventories displayed a growth of 1 million barrels last week March natural gas profited 9 cents or 1.5%, to $6.16 per million British thermal units in electronic trading. Prices yesterday sank 8.5 […]
The dollar surged away from a seven-week peak versus the euro and moved higher versus the yen in the Asian trade on Friday, which was reinforced by upbeat US economic data. The number of Americans submitting new claims for unemployment benefits dropped last week, implying the labor market keeps on improving steadily amid severe cold weather. Investors […]
The absence of negative news today buoyed risk appetite slightly on Friday. The dollar was steady despite weak Philly Fed data yesterday. However the focus was mainly on the more upbeat Markit PMI numbers which rose to a 4-year high to 56.7 from a prior 53.7 and versus 53 expected. Other upbeat data included jobless […]
From the last weeks high at the level of 0.9038, it corrected towards the 2-month low at 0.8857, taking support of 0.8860 made on December 30, 2013. Within last 2 trading sessions the pair consolidated near support levels and moved a bit higher at the level of 0.8915. The pair struggled to cross above this […]
Unemployment benefit claims fell last week due to two consecutive months of weak hiring. In January CPI was up 0.01%. The Fed gave a clear picture of their further monetary policy. The USD gained more strength and rallied further. USD/CAD has done a great job. It rallied from 1.0910 to 1.1113. In the beginning of […]
Daily chart: The USDX continues bullish movements above the support level of 80.11, but remember that the USDX could be forming a higher low pattern. If the USDX makes a breakout at the level of 80.11, it’s expected to fall to the level of 79.19. Furthermore, if the USDX continues with the bullish bias, it’s […]
When the European market opens, there is no economic data news to be released today.The US will release the economic data as the US-Existing Home Sales, so amid the reports, EUR/USD will move with low to medium volatility during this day because this is the Third Friday in this month means many options will be […]
In Asia, Japan will release the Monetary Policy Meeting Minutes, and the US will release the economic data such as US-Existing Home Sale. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: 102.95. Resistance. 2: 102.75. Resistance. 1: 102.55. Support. 1: 102.30. Support. […]
Daily chart: This pair is trying to make a breakout at the support level of 1.6663, as the GBP/USD has been very weak this week, so it is very likely to fall last until the support level of 1.6540 in the medium term. However, remember that the GBP/USD is forming a lower high pattern, which […]
Trading recommendations: The NZD/USD pair is in the short term. It should be noted that the market will turn to bearish sentiment from the level of 0.8335. Additionally, the resistance will be set at the level of 0.8350. Also, we expect a new range of 66 pips today. Therefore, it will be a good sign […]
Overview: It should be noted that the price of the GBP/USD pair was not stable because the trend has been moving between 1.6630 and 1.6710 since February 17, 2014. Accordingly, it is of the wisdom to be careful in this area. So, the first step is waiting in this spot before investing. As a result, […]
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GBPJPY – The cross remains biased to the upside in the medium and long terms but now faces corrective downside. In order for it to resume its uptrend, it will have to break above the 171.15/87 levels. A breach could force further upside towards the 172.50 level. Further out, resistance resides at the 173.64 level. […]
