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 […]
The GBP/USD pair successfully achieved its projected target around 1.6600 after the bullish breakout above 1.6250 was initiated. Obvious bearish rejection was expressed off 1.6666 after brief consolidation above 1.6600 took place on January 25. The GBP/USD Pair established a descending bottom at 1.6470 which is considered an Intraday Supply for the pair. The breakdown […]
Overview According to our expectations yesterday, more bullish signals would be expected in case of closing above the Resistance area of 167.00-167.60 which is keeping its movement above the upward trend line. Today, as it is shown in the H4 chart, the pair has already managed to break the Resistance level and close 4H above […]
By now, we’re all aware of social media as part of our daily lives. And yet, no matter how much time we spend tweeting about traffic on our way to work, posting Instagram pics of our lunch on Facebook, sharing articles on G+ and LinkedIn or chatting with friends over Whats App and Facebook messenger, […]
Crude Prices were seen trading higher on Tuesday, with the West Texas Intermediate (WTI) trading towards a six-week high. While market participants focus on the Fed’s chairwoman Janet Yellen’s first testimony on the monetary policy before the Congress later today. Analysts are also expecting the US stockpiles data from the Energy Information Administration on Wednesday, […]
The Australian dollar climbed above the $0.90 threshold on Tuesday, it’s highest in four weeks; driven by the optimistic business confidence and house prices which advanced at the fastest pace since 2010. Meanwhile, the Federal Reserve’s (Fed) new Governor Janet Yellen is expected to give her speech and deliver her first semi-annual monetary policy testimony […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading sideways, around the price of 1.6400. Our previous analysis is still active. We can observe selling climax at the price of 1.6400 and weak supply after that huge reaction. Be careful with selling this pair since we have got strong demand in the background […]
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:Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated section of Forex…What’s next for markets amid Israel-Iran tensions? – Special… April 16, […]
Automakers have been making cars in Australia since Ford Motor Co. started assembling Model Ts in a converted wool store near Melbourne. That’s on track to be finished in three years, when Toyota Motor Corp. shuts its production lines in Altona about 60 kilometers (37 miles) away. About 50,000 jobs in the country’s auto and […]
Australian policy makers looks at the slight evidence of a decline in China’s economic growth, defying global pessimism that helped wipe $1.6 trillion from stocks this year. The Reserve Bank of Australia and the nation’s Treasury projection the world’s second-biggest economy will expand 7.5 percent this year. The view is underpinned by a 21 percent […]
Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years increased demand and trim down U.S. supply to the weakest in a decade. Money managers bolstered net-long positions, or wagers on surging financial values, by 29 percent in the week ended February 4, the third consecutive […]
Governments from the U.S. to Italy are increasing sales of inflation-linked bonds, wagering consumer financial values will remain in check even after central banks inundated the world with cheap cash. Thirty-five nations issued $1 trillion of the securities in the past three years, the most on record, according to data gathered by Bloomberg. The total […]
Arizona was disregarded by Apple Inc. in 2012 when the iPhone maker chose Texas to establish a new operations hub. Scott Smith, the mayor of the Phoenix suburb of Mesa, was determined to keep history from repeating itself. So last year, when Apple was looking for a place to house a factory that makes a […]
February 11th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as investors await the first testimony to US lawmakers by Janet Yellen, the new chair of the US Federal Reserve, to get clearer views on how committed she is to wind down the Fed’s quantitative easing. Earlier today, […]
On a daily basis IronFX Head of Global FX strategy Marshall Gittler comments on the world economies and speaks about the forex calendar of economic announcements. Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: […]
Tell me about January and I will tell you about the year Most investors say that a good year for the financial markets has to kick-in with a growth in January in terms of value for most common equities. As it was shown in recent days, 2014 had a rather bumpy start on Wall Street […]
EURUSD: With the pair extending its past week gains on Monday and today, further strength is likely. This development now leaves the pair aiming at the 1.3700 level where a breach will target further upside towards the 1.3739 level followed by the 1.3800 level, its psycho level. This view is consistent with its long term […]
Confidence in Australia’s business sector appears to be on the rise while the housing sector is also showing signs of improvement. This was welcome news, especially since the important mining sector has been on the decline and putting a dent in the economy. According to the National Australia Bank (NAB) monthly business conditions survey, overall […]
The Dollar index continues its bearish trend as it has not managed to break above short-term resistance levels at 81. We are bearish this index since it was above 81.20 and got rejected at 81.40-50 once again. Our target was the lower support trend line near 80.15-20. The index has now fallen below the 61.8% […]
The dollar bode almost a two-week low versus a basket of key currencies on Tuesday after the US session trade subdued, as markets lowered down before the congressional testimony by new Federal Reserve Chairman Janet Yellen today. The dollar index last listed at 80.640, having dropped to 80.590, a low not noticed since January 30. […]
Oil futures creep higher in electronic trade on Tuesday, as investors’ attention are on the congressional testimony of US Federal Reserve Chairwoman Janet Yellen. Yellen’s report might shed further light about the US policy outlook. Benchmark US March crude oil gained 3 cents higher to $100.09 per barrel, adding marginally to an 18-cent advance in […]
The pound touched the strongest high in one week versus the dollar prior to an industry report set tomorrow, which the economists postulated will report retail sales accrued in January, adding to evidence the recovery is generating momentum. The UK currency has increased against all except the Swiss franc among its 16 main counterparts in […]
Markets rise ahead of Yellen Morning Report: 08.30 London • Risk markets are on the front foot this morning ahead of Janet Yellen’s first testimony as head of the US Federal reserve. The S&P 500 is pushing higher for the fourth straight session, while the main risk-on FX pairs are enjoying a strong start to […]
The S&P paused its long-term rally after reaching all-time highs at 1845.75 on January 2. This level proved to be tough resistance to breach and after stalling around this level for a few weeks, prices fell, breaking below the 50-day moving average and below the key 1800 psychological level. The S&P found strong support around […]
Overview: USD/JPY is expected to trade in higher range. It is underpinned by yen-funded carry trades amid positive investor risk sentiment (VIX fear gauge eased 11.26% to 15.29; S&P gained 1.33% Friday) as lower-than-expected 113,000 increase in U.S. January non-farm payrolls (versus +189,000) raised hopes the Federal Reserve would slow its tapering of its stimulus […]
Technical outlook and chart setups: 1. The GBP/CHF pair remains unchanged from what was discussed yesterday. Trading around 1.4700 levels at the moment, one can expect a break below 1.4500 soon. All counter trend rallies should be well capped below 1.4950/60. It is recommended to hold short positions, and also look to sell rallies from […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting six-day low 0.8956 Friday. It is undermined by franc demand on buoyant CHF/JPY cross and weaker dollar sentiment. But USD/CHF downside is limited by the reduced safe-haven appeal of CHF amid improved investor risk appetite and franc sales on buoyant EUR/CHF cross. Daily chart […]
Crude oil is trading above $100.0. Traders eye today’s Fed chairwoman first semi-annual monetary policy report and Wednesday’s inventory report from the US Energy Information Administration. These are the key triggers for the further move. Oil production of the Organization of the Petroleum Exporting Countries framed higher to 29.87 million barrels a day. Libyan production […]
Overview: NZD/USD is expected to traded in higher range.It is supported by Kiwi demand on NZD/JPY cross amid positive investor risk appetite, Kiwi demand on soft AUD/NZD cross, weaker dollar sentiment and hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is positive-biased as stochastics is bullish, MACD histogram bars are turning positive […]
Daily chart: The USDX has touched the support level of 80.62, so it is very likely that the USDX will start forming a bearish pattern for a breakout at that level. If successful, it is expected to fall to the level of 80.11. However, remember that this support level is very strong and could slow […]
