When the European market opens, only one economic news will be released – the Italian Industrial Production m/m. The US will release only one economic data too. It is the US-Federal Budget Balance, so amid the reports, EUR/USD will move with low to medium volatility during this day.В TODAY’s TECHNICAL LEVELS: Breakout BUY level: 1.3731. […]
In Asia, Japan today will not release any economic data because of a bank holidayВ and the US will release only one economic data В – the US-Federal Budget Balance. So there is a big probability the USD/JPY will move with low volatility. В TODAY’s TECHNICAL LEVELS: Resistance. 3 : 103.93. Resistance. 2 : 103.73. Resistance. 1 : […]
Daily chart shows the USD/CHF dropped to the low of 0.9004, the lowest point since the January 3, and closed at 0.9024, with a drop of 0.49% during the day. This reverse was about to touch the level of 50.00 of Fibonacci, the same that is very close to the 3/8 line (green line). Therefore, […]
Technical outlook and chart setups: 1. The metal has rallied from sub $19.00 levels as expected last week. It is recommended to remain long at the moment since further rally could be expected after a correction. Risk remains at the $18.50/60 levels. 2. Immediate resistance is at $20.50, while support is spread through $19.20/30 (intermediary), […]
Technical outlook and chart setups: 1. The EUR/JPY has been drifting sideways since several trade sessions as seen here. Implications from here, should be a rally towards 144.00 atleast. Going long now with a risk of 141.00 would remain an aggressive trade strategy. 2. Immediate resistance is at 145.50, while support is at 141.00, followed […]
Technical outlook and chart setups: 1. The currency pair has retraced down up to 1.4850 as expected and discussed last week. Please note that this level is the past resistance having turned support now. It is recommended to initiate long positions at the current price (1.4880). Risk remains at 1.4800. 2. Immediate resistance is the […]
EUR/USD: В After moving sideways for most of the last week, this pair was able to break out upwards, thus rendering the recent bearish bias almost invalid. The bearish bias is not yet completely invalid. What would make it invalid is a situation in which the pair trades above the resistance line at 1.3700, which would […]
Daily chart: This pair has formed a doji candlestick, which might imply that the GBP/USD is in a stage of indecision in its trend, as this pair is within the range between the levels of 1.6540 and 1.6447. Now, the GBP/USD is trying to form a bullish pattern to continue rising. If this pair manages […]
Trading recommendations and outlooks for today:В The weekly technical levels of the EUR/USD pair on January 13, 2014. Besides, the market was trapped between the level of 1.3600 and the 1.3725 level, consequently it expects:В First outlook: Buy (buy limit) above 1.3630 with the first target of 1.3690, it might resume to 1.3730.В Second outlook: […]
The weekly technical levels of the GBP/USD pair. В Overview:В As it is known, historic rates should be used to determine future prices. According to the previous events of the last week, the GBP/USD pair has still been moving between 1.6405 and 1.6550 for five days. It should be also noticed that the price has […]
Daily chart: The USDX has fallen to the support level of 80.62, after it has found dynamic resistance in 200 SMA near the level of 81.05. Now, the USDX is forming a higher low pattern. If the USDX managed to break the support level of 80.62, it’s expected to fall to a level of 80.11 […]
The U.S. Dollar Index is battling hard with the important resistance area of 81-81.50 we are mentioning for so long. This is good for traders as it cofirms how important a resistance level is. There are two ways to treat such a situation. Either wait for the confirmation of the break out and go long, […]
Bullish movement above 1.3450 within the depicted bullish channel allowed the pair to reach further supply levels around 1.3650 and 1.3750, respectively. This was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Few days later, the bulls managed to break down the lower limit of […]
(click to enlarge) The announcement of much lower-than-expected nonfarm payrolls for December caused a temporary upset for the markets but its longer-term significance might prove questionable. Payrolls for December came in at only 74 thousand versus economists’ expectations of gains of 196 thousand. On a positive note, November’s nonfarm payroll figure was revised upwards to […]
Breakthrough above 1.6240-1.6300 took place at the end of November. Another consolidation range was established between 1.6240-1.6450. The last bullish impulse was initiated towards 1.6570-1.6600 in an attempt of bulls to record new highs in 2013. The last bearish rejection took place on Thursday (January, 2) when bearish pressure was applied near the level of […]
By the end of 2013, the bulls managed to record a new annual high at 1.6576. This was achieved after stabilization of 1.6250 as a support level. Bearish pressure was applied at price level of 1.6590 to get the pair back again below 1.6460-1.6500 after the bulls managed to break through this zone for a […]
The USD/CAD pair has been strongly bullish since September 16. The current Bullish momentum started when obvious bullish rejection was expressed on testing of 1.0250 (shown on the depicted chart). Daily fixation above 1.0575 enabled the pair to reach 1.0660 then 1.0700. A consolidation zone was established between 1.0575-1.0700 (the upper limit of which applied […]
The main event of the day was the release of the all-important US nonfarm payrolls report which missed forecasts and caused the dollar to tumble. The December figure came in at a mere 74,000, contrary to predictions for a number of at least 197,000. There were even some predictions for a 250,000 increase in jobs […]
Overview: USD/JPY is consolidating with risks skewed lower as markets await 1,330 GMT U.S. December nonfarm payrolls (expected to have increased by 200,000) and unemployment rate (expected to stay unchanged at 7%). A very strong jobs report would raise worries that the Federal Reserve could wind down its bond buying at a faster pace and […]
Overview:В NZD/USD is trading in a range as markets await U.S. nonfarm payrolls report. NZD/USD is supported by weaker dollar sentiment. But NZD/USD upside is limited by Kiwi sales in rebounding AUD/NZD cross, weak China economic outlook, soft commodity prices, positions adjustment before weekend. Daily chart is mixed as MACD is bullish, but stochastics is […]
Overview: USD/CHF is consolidating in a higher range as markets are awaiting the U.S. nonfarm payrolls report. USD/CHF is undermined by the weaker dollar sentiment, the franc demand in the soft EUR/CHF cross. But the USD/CHF losses areВ tempered by positions adjustment before the weekend. Daily chart isВ mixed as MACD is bullish, but stochastics turned bearish […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upward movement, as like we expected, price tested level of 1.6526 on average volume .As you can see on the 1H chart, price has been break our FE 38.2 % at 1.6500, so we may expect testing of next Fibonacci 61.8 % around the […]
Overview: GBP/JPY is consolidating as markets await U.S. nonfarm payrolls report. GBP/JPY is undermined by Japan exporter sales. But GBP/JPY downside is limited by buoyant EUR/USD undertone; demand from Japan importers; positions adjustment before weekend. Daily chart is mixed as MACD bearish, but stochastics is turning bullish near oversold area. Trading recommendation: The pair is […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Canadian dollar reached its two and a half year low – 08 January 2014 Written by the easy-forex team Currencies The euro (EUR) dropped down to 1.3596 and lost almost 60 pips against the US dollar (USD), after worse than expected inflation data came out […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
January 10th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as investors anticipated that the upcoming US nonfarm payrolls data would confirm strength of the US economic recovery. Closer home, investors awaited the release of UK industrial output which is forecasted to grow 0.4% MoM in November, the […]
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В General overview for 10/01/2014 09:35 CET The corrective cycle in wave (ii) green is still in progress; however, the first clues of a possible end of this cycle are visible and a an intraday downtrend might show up soon. Currently, in intraday time frame there are two possible counts for the corrective cycle and the […]
В General overview for 10/01/2014 CET The Very Strong Confluence Zone lower boundary at the level of 1.0871 has been hit, but higher prices has been rejected so far. This would mean, the top for the whole impulsive wave progression to the upside might be in place, because the rejection from the level of 1.0871 to […]
Commodities rise ahead of Payrolls. Morning Report: 08.15 London • Markets are generally subdued this morning ahead of US Non Farm Payrolls at 13.30. The dollar index is on the back foot, helping dollar pairs to rise and commodities to find some buyers. • Silver is up 0.92%, with gold up 0.52%. […]
