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 […]
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. […]
The GBP/USD eased off its highs in mid-week trading, as the Office for National Statistics posted mixed employment numbers for the UK. The UK’s claimant count change fell by 27,600 in January, beating forecasts. This means there were 27,600 fewer people unemployed in the UK last month. Economists forecast unemployment to decline by 20,000. Despite […]
Overview: USD/JPY is expected to range-trade as markets await 19:00 GMT Federal Open Market Committee meeting minutes. USD/JPY is undermined by the weaker dollar sentiment (ICE spot dollar index last 80.00 versus 80.13 early Tuesday) on surprise plunge in the U.S. NAHB housing market index to 46 in February from 56 in January (versus forecast […]
Overview: GBP/JPY is expected to trade in a lower range. It is supported by the buoyant EUR/USD undertone, demand from the Japanese importers and Bank of Japan’s extension and expansion of two bank-lending programs. But the GBP/JPY gains are tempered by Japan’s exports sales. Daily chart is positive-biased as the MACD and stochastics are bullish. […]
Overview: NZD/USD is expected to trade in a higher range. It is undermined by the kiwi sales on rising AUD/NZD cross and diminished investor risk appetite. But NZD/USD losses are tempered by the weaker dollar sentiment abd buoyant commodity prices, and hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is mixed as […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting its seven-week low at 0.8868 on Tuesday. It is undermined by the weaker dollar sentiment and franc demand on buoyant CHF/JPY cross. Daily chart is negative-biased as MACD and stochastics are bearish, although latter oe is at oversold zone, 5 and 15 day moving […]
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The dominant theme during the European session was sterling weakness as the currency was hit by an unexpected drop in the UK unemployment rate. The official ILO headline unemployment figure edged up to 7.2% in the October- December period from a previous reading of 7.1%. The reading was forecast to remain unchanged. Meanwhile, the claimant […]
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 […]
Crude prices traded flat on Wednesday, dropping from its highest level in four months on Chinese credit growth data and speculation that inventories in Cushing Oklahoma, declines in the previous week. West Texas Intermediate (WTI) added 0.03% to $102.14 per barrel on the New York Mercantile Exchange at the time of writing, while Brent crude […]
The world of finance is a roller coaster ride and so are the emotions that accompany it. You certainly need patience and to always keep your wits about you. I personally believe that a sense of humour is key – in most areas of life, really. With that, let’s take a look at why I […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
Tuesday’s weaker-than-expected inflation report for January as well as today’s higher-than-expected unemployment rate signaled that those looking for an interest rate hike by the end of the year could be disappointed. First of all, January’s inflation fell to its lowest since November 2009 at 1.9% against analyst expectations of inflation at 2.0%. The Bank of […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6617 on average volume. We can observe strong demand on the market on the very high volume in the background so selling looks risky . The EUR/NZD tested our first major upper station FE […]
Trading recommendations: According to the previous events, the AUD/USD pair has still been moving between 0.9061 and 0.8990. As it is known, history will probably repeat itself at this level again. Equally important, the resistance has set at the price of 0.9113 and the support at the 0.8990 price. Accordingly, if the trend fails to […]
Overview: It should be noted that the resistance (1.6773) and the support (1.6510) are considered to be clear indicators of the maximum range of extreme volatility on February 19, 2014, though it is possible to pass them through. Therefore, according to the previous events, the GBP/USD pair has still been trapped between 1.6750 and the […]
Intro Recent research by Bollen, Mao and Zeng (2010) highlights how social media (e.g. Twitter) can assist in forecasting and impacting the financial markets. Their reasons for this have come from monitoring the social media sites that are used by millions of people worldwide. Technology has had a rapid and revolutionary impact on financial markets. […]
Bitcoin Accepted Here Volatility is, generally speaking, a measure of how price variation influences certain financial instruments over time. Due the wide range and constantly growing acceptance of Bitcoin all over the world, the effects in its pricing volatility have been clearly manifested, especially throughout 2013 and, just recently, at the start of 2014, after […]
February 19th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened lower today, as investors opted to remain on the sidelines before central banks from the US and the UK release minutes of their latest policy meetings. Closer home, investors will also keep a close eye on the release of job […]
EURJPY is in an uptrend since the February 4 low of 136.21 until today’s high of 141.02. Yesterday the pair breached the key psychological level of 140.00 to gain strong upward momentum. Adding to the bullish bias is the fact that the market action is above the Ichimoku cloud. After hitting 141.04, prices met resistance […]
Dollar pairs slip back Morning Report: 08.45 London • . This morning, financial markets generally have a negative bias after the effect of the US storms start to be revealed. Stock markets are just about holding gains, while the dollar index continues its down swing. • Commodities are on the back foot, with Silver experiencing some major […]
The Dollar index was rejected at the short-term resistance level of 80.20 and is now back testing the recent lows. Is a double bottom forming? The index was rejected at the upward sloping black trend line resistance. This made the index pull back towards its recent low and short-term support at 79.95-90. The Dollar index […]
We’ve all seen the Weekly Drawdown figure featured in our own and other investors’ eToro OpenBook profiles. But what is the weekly drawdown exactly? Drawdown can be defined as the decline in an investment, usually represented as a percentage. As with many other statistics, there isn’t just one way to calculate weekly drawdown, as there […]
The Japanese yen advanced in Asia on Wednesday after it slipped on the Bank of Japan’s move to enhance lending to commercial banks, as investors look at US housing figures and minutes from the Federal Reserve’s last meeting. In the Tokyo trade, the dollar purchased ¥102.21, previously ¥102.40 on Tuesday. The euro dived ¥140.67 from ¥140.89, while it […]
Asian stocks declined, touching a three-day rally in the regional index, while Thailand baht led slipped in higher-yielding currencies. The MSCI Asia Pacific Index missed 0.3% by 11:32 a.m. in Tokyo and Standard & Poor’s 500 Index (SPX) futures dropped 0.1%. A benchmark of Chinese shares in Hong Kong receded 0.8% and the yuan plunged to the lowest level […]
Natural gas futures bounced to a three-week high in New York, as storms and cold weather hyped heating demand, trimming stockpiles to the least in 10 years. Gas surged 6.5% as the second storm in three days dragged snow to the Northeast. Natural gas to be delivered in March increased 33.7 cents to $5.551 per million British thermal […]
The euro was clinging to broad-based gains on Wednesday, surging higher versus the yen and sterling, while the dollar got injured from dull economic data and news the foreign investors had been heavy dealers of US assets. The euro went up $1.3758 in Asian trade, prolonging at $1.3769 overnight, its highest level in seven weeks and breaking a […]
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