Forex trading resulted in the AUD/USD recovering on Jan. 27, after it recently dropped to its lowest point in three-and-one-half years. The currency pair managed to appreciate during the day, as the downward pressure on the Aussie – that was created by concerns about emerging markets – started to dissipate, according to Investing.com. The AUD/USD was valued […]
When the European market opens, some economic news will be released such as GfK German Consumer Climate, M3 Money Supply y/y,Private Loans y/y,German 10-y Bond Auction.The US will release the most important economic data such as the US-Crude Oil Inventories, US-FOMC Statement & US-Federal Funds Rate, so amid the reports, EUR/USD will move with medium […]
In Asia, Japan will not release economic data,’s but the US will release some economic data such as US-Crude Oil Inventories,US-FOMC Statement & US-Federal Funds Rate. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with medium to high volatility during the US session. Resistance. 3: […]
Apple is one of the prime stocks. It made a good rally from June’s lows. Correcting itself after an upmove. In yesterday’s trade, there was a big gap down. Apple announced financial results for the fourth quarter of 2013. It posted the revenue of $57.6 billion and a net profit of $13.1 billion. On January […]
EUR/USD broke the seven-month lower trend line. Oscillators gave a negative divergence indication. The index of consumer confidence improved to 80.7 from 77.5 in December. The pair is trading at the level of 1.3651, the lowest point on January 29, 2014. From the last Friday the pair has been trading in a bearish phase, making […]
Overview: USD/JPY is expected to consolidate with bullish bias as markets await 1900 GMT FOMC interest rate announcement, this is the last meeting for Ben Bernanke as the chairman of the Federal Reserve. The Fed is expected to continue scaling back its monthly bond-buying program by another $10 billion to $65 billion. USD/JPY is underpinned […]
Overview: USD/CHF is expected to consolidate with bullish bias as markets await U.S. FOMC interest rate decision. USD/CHF is supported by the franc sales on buoyant EUR/CHF cross and reduced in safe-haven appeal of franc as worries receded over emerging-market countries. But USD/CHF gains are tempered by the franc demand on buoyant CHF/JPY cross. Daily […]
Overview: NZD/USD is expected to consolidate with bullish bias as markets await 1900 GMT U.S. FOMC interest rate decision and 2000 GMT (9 am Thursday NZ Time) RBNZ official cash rate announcement. Money markets see a 38% chance that the RBNZ will raise rates from 2.5% where it has stayed for nearly three years. NZD/USD […]
Overview: GBP/JPY is expected to consolidate with bullish bias as markets await U.S. FOMC interest rate decision. GBP/JPY is supported by improved investor risk sentiment and demand from the Japan importers. But EUR/JPY gains are tempered by Japan’s exporter sales. Daily chart is mixed as MACD is bearish, five and 15-day moving averages are declining; […]
Daily chart: The USDX is trying to take again the bullish trend which was missing forming for a couple of weeks. Now, the USDX is heading up to the 200-day moving average, as this is making a breakout in the resistance level of 80.62. However, if the USDX makes a bearish rebound at current levels, […]
Daily chart: During yesterday’s session, the pair had no significant movements, as it moved within a low range without forming patterns that could confirm a change in trend. Our bullish outlook is still very much alive in this pair, since the fractal formed near the level of 1.6447 offers very good support. Anyway, if this […]
Overview: The NZD/USD pair movement will be continued directly from the resistance at the level of 0.8390 in H1 chart (127.2% of Fibonacci retracement levels). therefore, the price of the NZD/USD pair is showing signs of weakness, following the break of the lowest level of 0.8350, hence it will be a good sign to sell […]
Overview: The EUR/USD pair resistance was broken and it turned support at the level of 1.3544 last week, as well as the same level is coinciding with the first weekly support on January 29, 2014. Therefore, the pair has already formed a strong support at the 1.3544 level. But it should be noticed that a […]
January 28, 2014 – Indices News Asian markets are down today for the fourth straight day due to concerns about the tapering and slower profit growth in Chinese industry. Investors are worried that any tightening of US monetary policy will lead to a drop in demand for Asian goods. Considering the importance of the American […]
USDCAD: With the pair ending its one–day weakness and strengthening for two days in a role, further bullish offensive is envisaged. However, it will have to break and hold above the 1.1172 level, its Jan 23’2014 high to trigger that trend. A turn above here will activate additional strength towards the 1.1200 level where a […]
Once a year, the President of the United States of America has to face his destiny and share, in front of congress, his victories and defeats of the last year, as well as his plans for the future. He gathers all these points in a speech that analyzes the state of the American Union and […]
Hello eTorians! Last week was a contradictory week for our trading and for our group too. We had a good week for USD until Wensday, then, on Thursday and Friday we had a little earthquake that started from Argentina and then spread all over the markets around the world. USD crashed against Euro, GBP, CHF […]
The EUR/GBP edged lower in the European session after UK GDP data matched forecasts. The pair is on a two-day losing streak after putting up impressive gains last week. Investor sentiment supported the British pound, after the Office for National Statistics said the UK economy accelerated at a strong pace in the fourth quarter. UK […]
The EUR/USD was in consolidation mode, as investors size the Federal Reserve’s forthcoming policy decision. The Federal Reserve will kick off its first policy meetings of 2014 this week. Although the benchmark lending rate is expected to remain unchanged, investors are weighing the likelihood of another bond taper. Labour market data continue to support that […]
The GBP/USD accelerated for the second consecutive session, as economic data continued to support the pound ahead of the Federal Open Market Committee policy meetings. UK gross domestic product expanded 0.7% in the fourth quarter and at annual rate of 2.8%, matching forecasts. The UK economy has been in expansion mode for 4 consecutive quarters. […]
What comes to mind when you hear the word “Windows?” For most people this one word does not mean a square shaped pane of glass that you would find in a house, but Microsoft’s renowned operating system! Click to invest in Microsoft stock Needing no introduction, Microsoft Corp., is the world’s leading developer of personal […]
Overview: USD/JPY is expected to consolidate after hitting its seven-week low of 101.77 on Monday. It is undermined by the flows to the safe-haven yen amid weaker risk appetite (S&P fell 0.49% overnight) on lingering concerns over emerging markets and prospect of further scaling down of the Federal Reserve’s stimulus program. USD/JPY is also weighed […]
Overview: NZD/USD is expected to consolidate after hitting its three-week low of 0.8194 Monday. It is undermined by lower investor risk appetite, falling commodity prices, and the kiwi sales on rebounding AUD/NZD. But NZD/USD downside move is limited by the hawkish Reserve Bank of New Zealand’s monetary policy stance and trader’s cautious moves before the […]
Overview: USD/CHF is expected to range-trade. It is supported by the franc sales on rebounding EUR/CHF and soft CHF/JPY crosses. But the USD/CHF upside move is limited by flows to the safe-haven franc amid concerns over emerging markets, traders are cautious before the Fed’s policy announcement on Wednesday. Daily chart is still negative-biased as MACD […]
Overview: GBP/JPY is expected to consolidate. It is undermined by diminished investor risk appetite and Japan’s exports volumes. But GBP/JPY downside move is limited by the demand from the Japanese importers and position adjustments of traders ahead of the Fed’s policy announcement Wednesday. Daily chart is still negative-biased as MACD and stochastics are bearish,5 and […]
(click to enlarge) The announcement of 4th quarter GDP growth for the United Kingdom was encouraging as it showed the economy growing by 0.7% quarter-on-quarter and 2.8% year-on-year. The quarterly growth rate of 0.7% was a touch lower than 0.8% of the previous quarter but right in line with economists’ expectations. The UK economy posted […]
Economic news dominated currency moves today, with UK GDP data being the main driver of sterling while US durable goods orders put a dent in the dollar’s strength. Early optimism in the pound quickly faded after fourth quarter 2013 GDP data showed that the UK economy grew at a 0.7% rate. While this was in […]
The bulls managed to reach new price levels (around 1.1170) that haven’t been reached since 2009. This bullish jump is purely fundamental-induced due to the positive data from the United States that was released during the past few weeks. Temporarily, The USD failed to keep its gains against the CAD, and the USD/CAD pair was […]
GBP/USD had been moving within a wide-ranged price zone extending between 1.5900 and 1.6250 until November 27 when a bullish breakout took place. Since then, the bulls have been defending 1.6250 as a prominent support. Another successful bullish retesting took place in mid-December that pushed the pair again to the upside. Based on this bullish […]
The GBP/USD pair successfully achieved its projection target around 1.6600 after the bullish breakout above 1.6252 took place on November 27. Further bullish movement took place towards the recent high at 1.6666. However, bearish engulfing daily candlestick was expressed off these high levels (1.6666) on Friday. This brought the pair back below 1.6600 extending down […]
