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: 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 […]
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 […]
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%. […]
Gold started the New Year on a firmer footing after bouncing off 6-month lows (1182.16) hit on December 31. Looking at the daily chart, gold has spent the last 10 days consolidating and hovering around the 23.6% retracement Fibonacci level of the move down from the October 28 high (1361.60) to the December 31 low […]
EUR/USD: В On this pair, the outlook that was seen yesterday remains unchanged. In the market, the current surge (upturn) in the price simply means that it is rising in the context of a downtrend. The downtrend is still a valid thing, and the price is not expected to go above the resistance line of 1.3650. […]
The US dollar regained its bullish momentum against the yen as markets look ahead to the nonfarm payrolls report due later in the trading day. The dollar had a volatile day on Thursday as focus switched from the European Central Bank and Bank of England policy announcements, and then US jobless claims data. As expected, […]
Daily chart: The USDX found dynamic resistance in the 200 SMA, which could mean a change in the trend of the USDX, because the 200 SMA is a fairly strong level. However, the USDX is forming a bullish pattern, so we must be alert to any signs to place buy orders. On the other hand, […]
Daily chart: The GBP/USD is being prepared for the volatility that comes in a few hours, when will be published some important economic indicators in the United States, as this pair has been making very slow movements in the past hours. It should be noted that the GBP/USD is forming a bullish pattern, so it […]
When the European market opens, some economic news will be released such asВ French Industrial Production m/m, Final GDP q/q. The US will release the most important economic data such as theВ US-Non-Farm Employment Change, and the US-Unemployment Rate, so amid the reports, EUR/USD will В move with medium to high volatility during this day. TODAY’s В TECHNICAL В LEVELS:В […]
In Asia, Japan will release theВ Leading IndicatorsВ and the US will release the most important economic data such as US-Non-Farm Employment Change, and the US-Unemployment Rate. So there is a big probability the USD/JPY will move with low volatility during the AsianВ session, but with high volatility during the US session.В TODAY’s В TECHNICAL В LEVELS: Resistance. 3 : […]
Daily chart As we mentioned in our analysis on Thursday, В the USD/CHF has fallen below the 5/8 line (green line), so the picture becomes bearish in the short term. As we know the line 5/8 comes to be the top line of its trading range, now it comes to be a resistance to take into […]
Technical outlook and chart setups: 1. Silver is preparing to initiate a rally from the current levels of $19.50/60. As seen here, the metal is testing the backside of the broken resistance line. It is recommended to remain long from positions initiated yesterday. 2. Immediate resistance is at $20.50, while support is at $18.70/80, followed […]
Technical outlook and chart setups: 1. Prices have remained seemingly unchanged since yesterday. After breaking the immediate support line, the EUR/JPY has consolidated for a while now. Aggressive trade setup would be to initiate long positions now at 142.70/80. Risk remains at 141.50. 2. Immediate resistance is at 145.50, while supports are spread through 141.50 […]
Technical outlook and chart setups: 1. As seen here, GBP/CHF has taken out resistance at 1.5000 levels recently. Yesterday’s fall can be termed as corrective yet. It is recommended to remain flat for a while and allow the correction to complete. 2. Immediate temporary resistance is at 1.5020, while supports are spread through 1.4800 followed […]
В The NZD/USD pair “Kiwi Dollar”:В Resistance: 0.8340 (sell below this level).В Support: 0.8173 (buy above this level for retesting this level for a short period). Expect a new range around 80 pips on January 10, 2013. Trading Recommendations: According to the previous events, the price is still between the levels of 0.8295 and 0.8175.В […]
В Overview:В According to the previous events, the price of the USD/CHF pair has still been movin between the levels of 0.9115 and 0.9003. In the same away, the range of the pair was around 60 pips today. Volatility was only 54,56; therefore, the market indicates lower volatility, so we expect medium volatility on January […]
Daily Chart After the last bounce this morning, USD/CHF appears to be forming the figure. Closing the day above 0.9094, it is confirmed that we would be faced correction of 5 consecutive days to the upside. This possible correction could find its support on the neutral line of 4/8 (blue line) after that it would […]
Overview As 4H chart shows, closing below the resistance level of 172.75 gives the price an opportunity for a slightly bearish move again. As it is shown here, currently, the price is trying to continue its bearish move by breaking the support level of 171.50 and closing 4H below. In that case, we may […]
The U.S. Dollar Index has broken above 81 and this is the first good bullish sign. Short-term resistance is found at 81.30 and at 81.50 as shown in the 4 hour chart below. Breaking above these levels will be bullish for the intermediate-term trend and it gives us 82.5 as the first target. If the […]
Overview: The USD/JPY is in range-trade underpinned by positive dollar sentiment (ICE spot dollar index last 81.07 versus 80.86 early Wednesday) after ADP reported that U.S. private-sector jobs rose more-than-expected 238,000 in December (versus +200,000 forecast), its strongest increase in 13 months. The USD/JPY was also supported by higher U.S. Treasury yields; demand from Japan […]
