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 this breakout, the bulls have been defending 1.6250 as a prominent support. Another successful retesting took place in mid-December that pushed the pair again to the upside. Based on the above-mentioned […]
For sure it’s happened to you before. You look at something from far away thinking that it’s one thing, then as you get closer it turns out it was really something else entirely. Or, that it was what you thought but maybe different then you first perceived. Well, it works both ways really. Sometimes the […]
For sure it’s happened to you before. You look at something from far away thinking that it’s one thing, then as you get closer it turns out it was really something else entirely. Or, that it was what you thought but maybe different then you first perceived. Well, it works both ways really. Sometimes the […]
Overview: USD/JPY is expected to consolidate with bearish bias after hitting seven-week low 101.77 this morning.It is undermined by the flows to haven yen and unwinding of JPY-funded carry trades amid elevated risk aversion (VIX fear gauge spiked 31.74% to 18.14, S&P tumbled 2.09% Friday) on fears over emerging markets, Chinese economic slowdown and further […]
Overview: GBP/JPY is expected to consolidate with bullish bias. It is гndermined by the increased investor risk aversion and Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is negative-biased as MACD is bearish, stochastics is reverting from bearish mode at oversold, 5 and 15-day moving averages are falling. […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting near-one-month low 0.8901 on Friday. It is undermined by flows to haven franc amid elevated risk aversion and Swiss franc demand on soft EUR/CHF cross. But USD/CHF losses are tempered by franc sales on soft CHF/JPY cross. Daily chart is negative-biased as MACD and […]
Overview: NZD/USD is expected to trade with bearish bias.It is undermined by Kiwi sales on soft NZD/JPY cross on amid increased investor risk aversion. But NZD/USD losses are tempered by the hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is negative-biased as MACD and stochastics are bearish; five day moving average is […]
Currency markets began to digest the big moves occurring earlier in the day due to the emerging market sell-off and nervousness began to subside a little, allowing the dollar to recover from 2-month lows against the yen. The Japanese currency typically benefits from safe haven flows during times of risk aversion in the financial markets. […]
The bulls managed to reach new price levels (around 1.1170) that haven’t been reached since 2009. This bullish momentum is purely fundamental-induced due to the positive data from the United States. Expectations that Federal Reserve would cut the cash facilities at the next meeting enhanced the USD strength against major currencies. However, the USD failed […]
A breakout above 1.3450 allowed the bulls to push within the bullish channel to hit higher levels around 1.3650 then 1.3750. This bullish momentum was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Instead, breakdown of the depicted bullish channel took place shortly after (January […]
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 on Friday. This brought the pair back below 1.6600 extending down to 1.6475 (the recent top […]
West Texas Intermediate (WTI) traded slightly higher at the start of the trading week during the Asian trading session, as the freezing weather in the US increased the demand for heating oil. The North American crude oil for March Delivery was up 0.07% at $96.71 per barrel, on the New York Mercantile Exchange at the […]
The Japanese yen dropped from its two-day gain against the greenback and Europe’s common currency on Monday after reports from the Japanese government revealed that the nation’s trade deficit increased to a record last year. The yen dropped from a seven-week high against the US dollar as Treasury yields in the US advanced, while investors […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6685 on high volume. Currently, we can observe demand on the market and selling looks very risky. The price has reached our target level at 1.6690, and our next upper station is 1.6800 (Fibonacci […]
Following a week that emerging markets started to face serious market pressure, a number of events is likely to have a major influence on foreign exchange trading this week. First of all, the Federal Reserve will announce on Wednesday the result of its two days of deliberations. This will be interesting for a number of […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Kiwi climbs as country’s inflation accelerates – 21 January 2013 Written by the easy-forex team Currencies The euro (EUR) advanced from its two month low at 1.3507 up to 1.3567 against the US dollar (USD). On the calendar, the German ZEW Economic Sentiment due at […]
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:Powell made a bold point, and Bailey did not report anything… April 18, 2024 Tuesday was interesting not only with a whole series of…Market continues to price in a plethora of […]
The Dollar index is below the important support at 80.40. As we mentioned in previous analysis, important support was 80.40. Once the upward sloping trend line was broken, prices moved lower towards 80.40 support where the initial decline made a pause. Now trend continues lower as selling pressures have come back. Bulls seem weak and […]
AUDUSD: Despite its attempts at recovering higher, it continues to hold on to its broader medium term downside bias. With that said, we expect its current recovery attempts to fade at the 0.8755 level or maximum at the 0.8822 level if it does continue. Support lies at the 0.8659 level followed by the 0.8600 level […]
Markets withstand Asian decline Morning Report: 08.45 London • Asian and emerging markets took a slide over the weekend, but so far, US futures are resolute, putting in early gains. • The Australian pairs are seeing the biggest movement, with the AUD/JPY up 0.58% and the AUD/USD up 0.42%. • The […]
Risk aversion continues to buoy the yen while a less-hawkish BOE Governor Mark Carney last Friday has put sterling under pressure. This allowed for some pound weakness over the course of two sessions on Friday, following through to early Monday where GBPJPY reached a 1-month low of 167.73. After the over 400-pip plunge since Friday’s […]
January 27, 2014 – Forex News Hot asset for today: EUR/USD On Friday the EUR/USD the pair moved sideways between 1.3665 and 1.3735 without high volatility. Today we might see some good trading opportunities as the German Ifo Business Climate is coming out at 9.00AM (GMT). The expectation is to see the highest figure since July 2011 […]
General overview for 27/01/2014 07:50 CET The last five waves to the downside has been finally made and the complex and time consuming correction in wave 4 purple has been finished at the level of 139.11. Currently the market is bouncing up from this level and it is about to break out higher above the […]
Overview In the H4 chart, the pair reversed its downward move taking an upward move due to the strong Support level of 167.75. Today as shown in the H4 chart, the pair bounced from the Support area breaking the Resistance level of 168.50, and currently it is approaching the Resistance level of 169.50 trying to […]
Technical outlook and chart setups: 1. The metal is retracing towards $19.00/50.00 levels before resuming its next bull run. Recommendations are to remain flat for now and look to go long again at sub $19.00 levels. 2. Immediate resistance is above the $21.00 level, while supports are at $19.40/50, followed by $19.00/10, $18.75 and lower […]
General overview for 27/01/2014 07:30 CET After making the top last week, the market is slowly developing a downside move with the target at the level of 1.1017. Break below the technical support level will expose the next weekly support at the level of 1.0942. From technical point of view there is one more shoulder […]
Overview In the today’s H4 chart, the metal is trading between the Support level of 19.75 and below the Resistance level of 20.00 after its failure to break the Resistance level of 20.20 last week and the bounced from it to take a slightly downward move and currently is re-testing the Support level of 19.75. […]
Technical outlook and chart setups: 1. The EUR/JPY drifts further low towards 140.00 region for now. It is indicating that the downfall could further extend to lower levels, but recommendations are to initiate short positions at 143.00/50 region. 2. Immediate resistance is at 143.00, followed by 145.50, while supports are spread through 139.20/30, followed by […]
Technical outlook and chart setups: 1. Finally, the GBP/CHF pair reverses from 1.5120/30, taking out the first measured support at 1.4700. It is recommended to hold on the short positions taken last week (Friday) for now. Furthermore, expect a rally towards 1.4900/50, before further downside. Risk on short positions for now is at 1.5150. 2. […]
The sell – off in emerging markets continued to dominate market sentiment as the new trading week got underway. Last week’s risk aversion flowed to today’s Asian session, helping the yen gain on safe haven demand. Meanwhile, the public holiday in Australia today resulted in thin trading volumes. Soft data from China is also keeping […]
