Appearances by central bankers such as Yellen, Draghi and Carney together with Eurozone GDP will likely prove the highlights of next week. Traders will focus on whether the markets can stabilize following a rocky start to 2014. Janet Yellen, having just succeeded Ben Bernanke as chair of the Federal Reserve, will testify before the US […]
The event-filled week culminated with the US jobs report which unexpectedly reported a lower-than-expected result. Some analysts blame the extreme weather conditions that hit the United States as a reason behind the soft employment numbers. The nonfarm payrolls (NFP) report showed that 113,000 jobs were created in January, missing forecasts for a 185,000 print, with […]
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 […]
So it’s time for yet another NonFarm Payroll! But what makes this event so special, and this one in particular? And why doesn’t it include the Farm sector? The question occurred to me yesterday, so I thought I’d do a little research. Here’s what I found. When the Bureau of Labor Statistics began studying payrolls […]
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:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…Video market update for April 17, 2024 April […]
Were January Payrolls a Blip? Morning Report: 08.45 London • Markets are generally subdued this morning ahead of US Non Farm Payrolls at 13.30. Expectations have been diminished factoring in the extreme January weather, but coming on the back of a poor reading last months, traders will be looking for some good news. • […]
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: […]
Financial market discovery phase As a relatively new trader joins the market, the first sentiment will always be that of entering a new business or discovering a new opportunity that may change one’s life forever. The first few trades are always done on a simulation account (as it seems that everybody recommends that to start […]
Kazuo Hirai, who took the helm at Sony Corp. two years ago to reestablish the Japanese icon, is losing credibility with investors that he’s up to the job. The chief executive officer promised when he came in to turn around Sony’s ailing consumer-electronics business and generate a earnings at the television unit after $7 billion […]
The Reserve Bank of Australia hiked its economic growth and inflation projections, reflecting a weaker currency, and reiterated its shift to a neutral policy stance. “Over the past few months, there have been further signs that very stimulatory monetary policy is working to support economic activity,” the RBA said in its quarterly monetary policy statement […]
U.S. stocks advanced the most this year amid better-than-projected profits and unemployment claims, while the euro rallied and German bonds sagged down as the European Central Bank left interest rates unaltered and refrained from adding stimulus. Gasoline, nickel and zinc led commodity increases. The Standard & Poor’s 500 Index bolstered 1.2 percent at 4 p.m. […]
China’s stocks decline as mainland markets resumed trading after a week-long holiday. Financial and consumer firms led pullbacks as manufacturing and services data indicated a slowdown and retail sales growth decelerated. Suning Commerce Group Co., the biggest electronics retailer, relinquished 2.2 percent, dragging down a gauge of consumer companies reliant on economic growth. Ping An […]
GBPUSD: While GBP continues to hold above its horizontal at the 1.6259 level, further upside risk is envisaged. This leaves the pair threatening further upside towards the 1.6398 level as the next upside. Further out, resistance resides at the 1.6440 level, its Feb 03 2014 high where a breach will aim at the 1.6500 level. […]
The daily trend of the EURUSD is to the downside as the pair has been carving out lower peaks since December 27. Technical indicators are providing bearish signals – the RSI is showing falling momentum while the MACD has fallen below the zero level. The Bollinger band is edging lower and price action is capped […]
It was a mostly quiet session in Asia, as traders looked forward to the release of the US employment report for January later in the day. The euro was little changed against the US dollar, trading down a mere 0.02% at 1.3585. The euro rallied strongly following the inaction by the European Central Bank the […]
AUDUSD: With the pair holding above the 0.8887 level, its Jan 22’2014 high there is risk of further upside in the days ahead. A turn above this level if seen will aim at the 0.9000 level, its big psycho level. Where a break will aim at the 0.9050 level and then the 0.9100 level. Its […]
The euro rallied strongly against other majors, following the outcome of the ECB meeting, while the pound dropped slightly following the Bank of England announcement. The euro gained 0.53% against the dollar to trade at 1.3591, while it managed to gain 0.41% against the Japanese yen to trade at 137.68. The session was dominated by […]
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 […]
A new year is a chance to start over, to open a new page, to learn from last year’s mistakes and to make resolutions to avoid making them again. That is why the 1st quarter of the fiscal year is a great time to take a fresh look at the business landscape and see which […]
Crude prices climbed on Thursday after the report from the US which revealed the demand for distillates dropped due to the freezing weather. Futures for the WTI for March delivery rose 0.31% higher to $97.69 per barrel on the New York Mercantile Exchange at the time of writing. At the same futures for the Brent […]
Forex trading resulted in the AUD/USD pair rising by more than 2 percent on Feb. 4, as global market participants were impacted by the latest information provided by the Reserve Bank of Australia. The currency pair gained 2.2 percent during the day, according to Reuters. This happened after lackluster economic conditions and the policies of […]
GBPUSD: With GBP still maintaining above its horizontal at the 1.6259 level, upside risk is envisaged. This leaves the pair threatening further upside leaving the 1.6398 level as the next upside. Further out, resistance resides at the 1.6440 level, its Feb 03 2014 high where a breach will aim at the 1.6500 level. On the […]
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 19, 2024 April 19, 2024 Potential for the further drop on NAS100The material has been…Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision… April 19, […]
Weekend is near, before this though we have the smell of the upcoming NFP. Both the markets and our traders are preparing for the main event of the month. Tomorrow we will have plenty of time to talk about this, in the meantime as evening approaches, we have a very interesting ECB meeting that can […]
Australia produced some upbeat economic releases on Thursday, giving some welcome relief to the nation’s currency as the data bolsters the view that the Reserve Bank of Australia would keep rates steady for now and will not lower them further. According to Australia’s statistics bureau, the economy reported its biggest trade surplus in 2 years […]
February 6th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, ahead of the outcome of monetary policy meetings of the Bank of England (BoE) and the European Central Bank (ECB) due later in the day. Both central banks are set to leave their monetary policy intact. With no […]
Everybody is here for the ride Did you know that in high volatility (uncertain) times most investors are choosing to avoid certain currency markets, in an attempt to conserve capital ? As capital returned to the market after a bumpy winter holidays time, January was no different in terms of surprises as corrective counter-trends are […]
Bank of Japan policy makers trying to push investors into riskier assets to spark economic growth are meeting a new problems: a global equity rout that has driven local bonds to a record start to the year against stocks. Japan’s sovereign debt maturing in more than a year has bolstered 1.07 percent this year, while […]
Traders who expected a year when riskier bets would pay off are overhauling their foreign-exchange positions after an emerging markets rout led to the largest currency-fund declines to open the year since 2004. Hedge funds and other huge speculators shuffled holdings of the dollar, yen, pound, Mexican peso and four other major currencies by a […]
The foreign-exchange trading business was in a huge disturbance across Wall Street as senior executives resigned and others were fired amid an expanding investigation of possible currency manipulation. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, asked more than a dozen companies including Deutsche Bank AG, Goldman Sachs Group Inc. and Citigroup Inc. […]
