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. […]
The EUR/USD was back on the offensive in the second half of the week, as disappointing data from Markit Economics set the pace. The pair appeared poised to test 1.38 earlier in the week, as the markets absorbed a plethora of data from both sides of the Atlantic. The Eurozone manufacturing industry expanded at a […]
The USD/CAD pair broadened its gains amid signs the Canadian economy will face headwinds getting back to full capacity. The pair soared in the mid-week session despite several pieces of disappointing US data. Weak US housing starts and building permits data were overshadowed by a rapid decline in Canadian wholesale sales. While not a high […]
Relative idleness didn’t harm the British pound toward the end of the week, as investors assessed a steady stream of Eurozone data. Markit Economics’ gauges of Eurozone services and manufacturing disappointed forecasts, suggesting the currency region still has hurdles to clear before achieving economic stability. Ahead of the North American session, the EUR/GBP pair was […]
Overview: USD/JPY is expected to trade in a lower range. It is underpinned by the positive dollar sentiment (ICE spot dollar index last 80.19 versus 80.00 early Wednesday) after the Federal Reserve meeting minutes showed support for the current pace of cutbacks to its bond-buying program and the Fed’s officials also started to debate when […]
Overview: GBP/JPY is expected to trade with risks skewed lower. It is undermined by the increased investor risk aversion and Japan’s export sales. But GBP/JPY losses are tempered by the demand from the Japanese importers. Daily chart is still positive-biased as MACD and stochastics are in bullish mode. Trading recommendation: The pair is trading below […]
Overview: NZD/USD is expected to trade in a higher range with limited upside. It is undermined by the positive dollar sentiment, kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion, kiwi sales on buoyant AUD/NZD cross and 0.7% on-quarter drop in New Zealand 4Q producer input prices and 0.4% drop in output […]
Overview: USD/CHF is expected to trade in a higher range after hittingits near eight-week low at 0.8854 on Wednesday. It is underpinned by the positive dollar sentiment, drop in Switzerland’s ZEW-Credit Suisse indicator of economic sentiment to 28.7 in February from 36.4 in January and franc sales on soft CHF/JPY cross. But USD/CHF gains are […]
What incredible news! In the small hours of this morning there was a huge announcement that took us by surprise: Facebook, the world’s largest social network – a pioneer amongst others – bought WhatsApp for $19 Billion…Yes I told you incredible news! So let’s see what the community has to say about it. Facebook bought WhatsApp […]
Preliminary Eurozone PMI data were disappointing today and hurt sentiment for the euro. According to flash estimates released by Markit Economics, both of France’s services and manufacturing PMI numbers remained in contraction territory (below 50) this month. Germany – Europe’s engine of growth – experienced a bigger slowdown than expected in its manufacturing sector this […]
Eurozone flash Purchasing Manager Indices (PMIs) for February gave mixed signals regarding the region’s economic performance. The indices were worse than expected, both with respect to services as well as manufacturing. Manufacturing output actually dropped to 53 in February from January’s 54, whereas services actually managed to rise slightly to 51.7 from 51.6. Economists had […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – UK unemployment to shake sterling – 19 February 2014 Written by the easy-forex team Currencies The euro (EUR) continues to rise against the US dollar (USD) as the pair moves above 1.37616. The single currency has risen above a one month high as the dollar […]
Trading Harmony Trading harmony and harmony with the markets is essential in financial trading as with any other aspect in life. The reason is that being well aware of what this type of technical analysis method (harmonic patterns in the currency markets) is about can prove crucial in building a proper trading plan and related […]
This is the second part of my two part Technology & Social Media’s Impact on Markets article. You catch up on Part 1 here. Technology and Social Media Impact Even though many would argue that social media would not affect the financial markets Carl Icahn’s actions on 13th August 2013 have proved otherwise. While working at […]
