A breakout above the previous resistance level of 1.3450 allowed the bulls to push within the bullish channel to hit higher levels around 1.3650, and then 1.3750. Later on, obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Instead, a breakdown of the lower limit of the depicted bullish […]
A bullish breakout above 1.6250 took place on November 27. The GBP/USD pair successfully achieved its projection target around 1.6600. This price level is acting as a daily resistance for the pair until now. Last bullish movement exceeded 1.6600 rendering 1.6666 as the highest price in January. However, bearish engulfing daily candlestick was immediately expressed […]
Overview: USD/JPY is expected to trade in a lower range. It is undermined by the flows to the safe-haven JPY and unwinding of JPY-funded carry trades amid increased risk aversion (VIX fear gauge rose 6.48% to 18.41, S&P fell 0.65% Friday) as concerns over emerging markets still persist, exacerbated by signs of slowdown in China. […]
Overview: USD/CHF is expected to trade in a higher range. It is supported by the positive dollar sentiment and the franc sales on soft CHF/JPY cross. But USD/CHF gains are tempered by the flows to the safe-haven Swiss franc as concerns over emerging markets still persist and the franc demand on soft EUR/CHF cross. Daily […]
Overview: GBP/JPY is expected to trade in a lower range.It is undermined by the weak euro sentiment, 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 negative-biased as MACD is bearish; stochastics stays suppressed at oversold zone, five and 15-day moving […]
Overview: NZD/USD is expected to consolidate with bearish bias after hitting its near-five-month low of 0.8061 on Friday. Such dynamics is undermined by the contagion from turmoil in the emerging markets, the kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion, positive dollar sentiment and the kiwi sales on buoyant AUD/NZD cross. […]
The euro was briefly lifted above the key 1.3500 level following Eurozone PMI data today. The final figure for January came in at 54.0 versus a previous estimate of 53.9. Surprisingly better-than-expected readings from France and Germany acted as a catalyst of the move up to a session high of 1.3518, from a 2-month low […]
The week ahead is expected to be very busy, as many events will take place that are expected to have a significant impact on the foreign exchange market. By the end of the week, more will be known on the outlook for monetary policy in the Eurozone and the UK, on the outlook for manufacturing […]
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 […]
Any item is only worth as much as somebody is willing to pay for it. Usually we use some sort of currency as measurement. But what happens when the price of currency itself comes into question? This is the CopyTrader Gains Report for the week ending January 31st, 2014. Last Wednesday US Federal Reserve Chairman […]
Overview In today’s H4 chart, the pair failed to continue its bearish move and could not break the Support level of 166.00 and bounced from it to reverse its downward move taking an upward movement and managed to test the Resistance area of 167.00 then 167.75. Currently, the pair is approaching the Resistance area trying […]
Prices for West Texas Intermediate (WTI) crude oil dropped for a second day on the first day of the trading week, as investors express their worries over the oil demand from China and the slow growth in the world’s second-largest oil consumer due to the weak manufacturing data. The North American WTI for March delivery […]
The Australian dollar rose against the greenback on Monday, before members of the Reserve Bank of Australia’s (RBA) board assemble on Tuesday to discuss monetary policy. Market analysts are forecasting the bank to keep its interest rate unchanged after cutting its official cash rate by 25 basis points since November 2011 to its current record […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading sideways around the price of 1.6660, we are still waiting potential testing of the level of 1.6800 (major FE 61%).We can observe that strong demand has entered the market at the price of 1.6613 which is good sign of bullish strength. I have placed […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
Last week was pretty hectic. Great profit reports by Google, Facebook and Zynga; investors’ fears due to the emerging markets’ uncertainty; the new Corralito in Argentina; the fragile recovery of the European economy gave us a week packed with emotions and a mixed bag in sentiments. But if you think the excitement is over, take […]
General overview for 03/02/2014 11:30 CET There is the last wave to the downside missing before rebound should happen in this market. The target for wave (v) blue is at the level of 137.11 or a little bit lower at the level of 137.03. From that price area an intraday rebound is expected that should […]
General overview for 03/02/2014 11:00 CET The ending diagonal formation in wave (v) blue has been finished and market rejected higher prices by making sudden sell-off. We can count five impulsive waves from the top and the support for the wave 5 red is at the level of 1.1029. This is the level of technical […]
General overview for 03/02/2014 11:00 CET The ending diagonal formation in wave (v) blue has been finished and market rejected higher prices by making sudden sell-off to the downside. We can count five impulsive waves from the top and the support for the wave 5 red is at the level of 1.1029. This is the […]
After U.S. stocks bolstered 30 percent last year and almost everything went up, measures of Standard & Poor’s 500 Index price momentum are declining just as concern mounts that emerging markets will snuff out the increase. Almost 160 companies in the benchmark gauge for American equities exchanged under their average level over the past 200 […]
The Dollar index has managed to reach the important resistance at 81.50 once again, but in the short-term we witness another rejection at this important resistance level. It is not a good sign for bulls that prices get rejected once again. However the Dollar index has visited the 81.50 resistance level twice in a short […]
Even as Bill Gates weighs giving up his title of chairman of Microsoft Corp., he’s on track to remain involved at the firm he co-founded in an area of its deepest need: crafting must-have products. As the board prepares to appoint Satya Nadella as Microsoft’s next chief executive officer, it’s considering replacing Gates as board […]
Ben S. Bernanke’s decision to start withdrawing unprecedented policy stimulus is gifting Australian counterpart Glenn Stevens the looser conditions he wants without bringing down the interest rates at a time of accelerating inflation. The Aussie has relinquished 7.1 percent in the past three months, the most among Group of 10 currencies. A 10 percent decline […]
USDJPY: The pair remains vulnerable to the downside following its last week losses. A follow through lower is snow underway suggesting further decline with eyes on the 101.50 level a possibility. A cut through here will call for a run at the 101.00 level where a breach will turn attention to the 100.00 level, its […]
The euro was 0.1 percent from its weakest point in more than two months on concern weakening inflation pressures in the region will trigger the European Central Bank to ease financial policy. The yen pulled back against all 16 major counterparts after official Chinese data on February 1 showed manufacturing expanded in line with the […]
The euro is close to a 10-week low versus dollar on Monday, following a dull euro zone inflation data revitalized speculation the European Central Bank (ECB) may ease policy to turn away deflation. Concerns on capital flight from emerging economies also kept traders away from risk assets, bolstering the yen over growth-sensitive and high-yielding currencies. […]
The Rupee turned minimally lower as state-run banks were seen purchasing dollar in order to meet defence needs, foreign banks shield prior to Reserve Bank of India’s (RBI) reference rate setting. “There was some initial front-running on the mobile auction payment-related inflows that are expected in the next few days. However, subsequently dollar demand rose,” […]
Key currency pairs traded slightly changed on Monday in Asia, with the US dollar settling a little higher than its level late last week. The ICE dollar index, which monitors the US unit against six other currencies, advanced 81.283 from 81.247 late Friday. Also, the WSJ Dollar Index went up 74.46 from 74.44. The euro […]
The US crude futures plummeted in early Asian trade on Monday about worries over oil demand, following a factory growth in China, the top 2 oil consumer in the world, loosened in January to a six month low. US oil missed 31 cents to $97.18 per barrel in thin trade with Chinese markets closed for […]
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