General overview for 19/02/2014 08:30 CET The count has been slightly changed as the momentum is slowing and the market might be in final stages of the ending diagonal wave (v) pattern. Any breakout above the level of 1.0938 is bullish, and the bottom for the whole blue impulsive cycle might be in place. On […]
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Australia’s bid to sell state-owned infrastructure to support new projects fund, will form a centerpiece of its Group of 20 agenda as the nation bets its plan to trigger jobs is as relevant in Moscow, Mumbai and Michigan as it is in Melbourne. Australia is targeting to coordinate techniques and methods for debt-laden nations across […]
A decade and a half of good housekeeping is prompting Asian currencies from Indonesia’s rupiah to Thailand’s baht as investors increasingly differentiate between emerging-market assets. Of more than 20 developing-nation exchange rates tracked by Bloomberg, the rupiah, baht and Singapore dollar were the only ones to have advanced this year through yesterday, while options prices […]
Standard & Poor’s 500 Index firms are surpassing analyst sales projections by the most since 2012, an indication increasing consumer demand is firing up economic development as the bull market approaches its sixth year. Led by banks, utilities and drugmakers, sales topped analyst estimates by 1.2 percent this profits season, the topmost margin in almost […]
The Federal Reserve passed new standards for foreign banks that will require the largest to hold more capital in the U.S., uniting with other countries in erecting walls around domestic monetary systems. Banks with $50 billion of assets in the U.S. will have to reach the standard under a revised policy passed yesterday, which raised […]
It took 11 months and the sale of his 2008 Ford Focus to pay the bills before Nuno Silva found a job as a supervisor at a food warehouse in southern Portugal. The pay isn’t great — about 15,000 euros ($20,600) a year — and sub-zero inside temperatures turn his workplace in one of Europe’s […]
General overview for 19/02/2014 08:00 CET One more wave to the upside is missing if the main count is the correct one. The momentum is diminishing and the supply zone between the levels of 141.06 – 141.25 should provide the resistance and will act as a target zone for wave (v) blue. The key level […]
EUR/USD: This pair is now trading above the support line at 1.3750. The price could go further upwards, but a possibility of a pullback cannot be ruled out. When there is a pullback, it would be temporary (giving another great long opportunity). The price could thus reach the resistance line at 1.3800. USD/CHF: This pair […]
The euro extended its rally to reach the highest level so far this year against the dollar, hitting a 7-week high of 1.3772 in Asia today. Data yesterday showing the Eurozone’s record current account surplus of 216 billion euros in 2013 helped buoy the euro. In contrast, the US posted a deficit of around $400 […]
In Asia, Japan will release the All Industries Activity m/m, BOJ Monthly Report, and the US will release some economic data such as US-Building Permits, US-PPI m/m, US-Core PPI m/m, US-Housing Starts. So there is a big probability the USD/JPY will move with low to medium volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: […]
In the hourly chart, EUR/USD is trading at 1.3760. RSI gives an overbought indication. Prices are holding above the 21 and 40 DEMA that is a bull factor. If the price breaks 1.3742, weakness persists in the intraday trading session towards downside. We can expect the selling pressure to start soon. R1 1.3813 R2 1.3820 […]
Technical outlook and chart setups: 1. The EUR/JPY has broken out higher from the recent trading range between 139.00 and 140.00 levels. Please note that the 142.00 region is the fibonacci 0.618 resistance where a bearish reaction could be expected. It is recommended to remain short and also initiate further short positions around 142.20/30, risk […]
Technical outlook and chart setups: 1. The GBP/CHF pair is on track to hit fresh lows in the coming week, bears seem to be in control after hitting 1.4950/60 resistance. It is recommended to remain short and also sell on intraday rallies. A meaningful top is in place at the 1.5120/30 levels, which should hold. […]
The US dollar was weakened by softer economic data. The Federal Reserve Bank of NY said that the general business conditions index came at 4.48 for the current month vs 12.51 in January. USD is volatile ahead of FOMC minutes. Traders are waiting for the monetary policy outlook. During this year, the US disappointed economic […]
Japan’s central bank maintained its policy stance. Japan will continue to ease in order to achieve the inflation rate at 2%. They extended and doubled the size of its bank lending. Under the growth support facility, the central bank’s maximum provision of funds was doubled to 7 trillion yen from 3.5 trillion yen. They doubled […]
When the European market opens, there will be released the German 10-y Bond Auction.The US will release the economic data too such as the US-Building Permits, US-PPI m/m, US-Core PPI m/m, US-Housing Starts, so amid the reports, EUR/USD will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3832. Strong Resistance:1.3823. […]
Daily chart: USDX is consolidating below the resistance level of 80.11 with a higher low pattern, so USDX is likely to continue falling below this level, reaching the support level of 79.19 in the long term. However, USDX formed a fractal near the level of 79.85, so USDX may perform a bullish rebound and achieve […]
Daily chart: GBP/USD has fallen to the support level of 1.6663 and this is part of the corrective movements for bullish bias on this pair, since the GBP/USD is overbought in this chart. However, if this pair makes a breakout at the support level, it is expected to fall to the level of 1.6540, which […]
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EURJPY- Having rallied and broken through the 140.29 level during early trading today, further upside is likely. Further out, the 141.27 level, its Jan 29 2014 high comes in as the next upside objective where a violation will aim at the 142.00 level and subsequently the 142.41 level, its Jan 23 2014 low. Converse, support […]
Market sentiment appears to be favouring the euro in the early part of the week. The euro was bolstered after European Central Bank Executive Board member Peter Praet said Eurozone growth may “surprise on the upside.” The EUR/GBP pair strengthened following Praet’s vote of confidence, despite mostly weaker than expected ZEW data. The ZEW Economic […]
The GBP/USD was non-eventful in the first European session following the US President’s Day holiday. The pair is eying a breakout following the release of UK claimant counts later in the week. Ahead of the North American session, trade was subdued, as investors reacted to several pieces of disappointing data. In the UK, consumer inflation […]
The EUR/USD pair was trading higher in the early part of the week, as US investors made their way back to the trade table after the President’s Day holiday. The pair rose despite mostly weak ZEW Survey data from the Eurozone. The ZEW Economic Sentiment Index, a measure of institutional investor sentiment, declined from 61.7 […]
Overview From the today’s H4 chart and as it was expected yesterday, the pair might take a new bullish signals in case of closing 4H above the resistance level of 170.50 after it has been tested yesterday. Today the pair took an upward movement and managed to break the strong resistance area of 170.50 then […]
The Bank of Japan’s regular monetary policy meeting contained few surprises as the bank retained its pace of asset purchases at around 60-70 trillion yen a year (589-687 billion dollars) or 6-8 trillion yen a month. What the Bank did decide was an increase in a bank lending facility to 7 trillion yen – roughly […]
News releases out of the Eurozone and the UK caused some volatility in the currency markets today. German ZEW investors’ confidence data had an initial weakening effect on the euro as the February figure fell to 55.7, down from January’s 61.7 and recorded the second straight monthly drop. Investors in Europe’s largest economy were likely […]
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 […]
General overview for 18/02/2014 12:15 CET The corrective cycle wave (iv) blue is getting more complex and so far the most accurate corrective price formation would be a triangle. That means the market might stay within the treading range between the levels of 1.0944 – 1.0987 for some time now and only a breakout would […]
Monday syndrome (being bored and lazy because it’s the beginning of the week and you must get out of the warm sheets and start bringing back some bread to put on the table) is not only a fact, but if you don’t take it seriously it can be extended to tuesday. That’s why we have […]
