We are happy to announce the acquisition of XM.COM, the short name for XEMarkets, which stands for our global thinking without boundaries across five continents. “The foreign exchange market, to which we provide direct access to our clients, has practically no boundaries – nor does XM.COM”, said Constantinos Cleanthous, Founder and CEO, at the press […]
FOREX Weekly Outlook by Easy-Forex.com Weekly Outlook – 11th March 2013 USD/JPY soaring as US Data Improves Last week’s currency trading review USD/JPY persistently strong US data is helping the Yen pair tofresh multi year highs with February US Nonfarm payrolls beating expectationsat 236k vs. 160k forecast and the Unemployment Rate dropping sharply to 7.7%vs. […]
Overview Proceeding from the today’s H4 chart, the pair is still trading between the Support level 150.50 and the Resistance level 151.50 and currently the pair fails again to break the Support level. If the pair bounces from it to take an upward movement, it may continue its bullish trend and we will get […]
Overview: NZD/USD is consolidating with bearish bias after hitting one-year low of 0.7710 on Thursday. The rate is undermined by weak commodity prices; broadly strong demand for U.S. dollar; fears over China economic slowdown; weaker-than-expected New Zealand 1Q GDP growth. But NZD/USD losses are tempered by positions adjustment before weekend. Daily chart is negative-biased as […]
Overview The H4 chart demonstrates today that silver has failed to break the Support level 19.75 and closed 4H above. Currently the metal is trading between it and the Resistance level 20.50. Given that silver tried again and managed to close 4H below the Support level 19.75 and takes a downward move till reaching […]
Overview: GBP/JPY is trading with risks skewed lower. The rate is undermined by flows to haven yen amid increased risk aversion; Japan exporter sales; positions adjustment before weekend. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is mixed as MACD is bearish; but stochastics is in bullish mode, bullish parabolic stop-and-reverse […]
Overview: USD/JPY is consolidating after hitting seven-day high 98.29 Thursday. The rate is underpinned by broadly stronger demand for dollar as U.S. Treasury yields rose sharply after Federal Reserve Chairman Bernanke said Wednesday bond-buying by the U.S. central bank could be slowed this year and end altogether around middle of next year. Dollar sentiment was […]
Overview: USD/CHF is trading in lower range. Swiss National Bank on Thursday left its monetary policy unchanged as widely expected, keeping its minimum exchange rate at CHF1.2000 per euro. USD/CHF is undermined by flows to haven franc amid negative global risk sentiment. But USD/CHF losses are tempered by broadly strong demand for dollar; positions adjustment […]
The USDCAD pair was declining for the second week except for recovery observed on the last three trading days. Daily closure above 1.0260 that took place on Wednesday allowed a strong bullish impulse to take place. The pair recorded a new high today at 1.0487. Bearish pressure is expected to be present at 1.0510 (the […]
On the daily chart, we find that daily closure at 1.5409 (June 5) opened the way towards 1.5580, 1.5680, and 1.5750 (this week’s high). The pair consolidated above 1.5603 (the high of May). This leads to another significant bullish impulse towards 1.5680-1.5700 (backside of the broken channel and upper limit of the depicted triangle on 4H […]
The GBP/USD pair expressed quick decline towards 1.5450 after US dollar gained much strength affected by Federal Statement on Wednesday. Technically, the pair reacted bearishly towards mentioned supply zone extending between 1.5680 and 1.5750 (61.8% Fibonacci) that leads to this decline towards 1.5420 (SMA 100). Due to this steep decline, we expect some recovery takes […]
After the EUR/USD pair recorded a new high at 1.3415 this week, significant bearish pressure was appliead enhanced by the Federal statement that gave US dollar much strength against most other currencies. This events activated the other scenario of reversing off 1.3425-1.3450 and heading towards 1.3180 for retesting. Price Zone 1.3425-1.3450 corresponded to backside of […]
The Australian dollar does no show any signs of recovery. Although the fact that it is above 0.9181 adds strength to the bullish outlook, but economic data from China does not help the local economy either, and an ounce of gold is still less. Therefore, this area could be violated and continue until the fall […]
Yesterday the pound sterling could rebound to the 1.5550 area. However, it trades below 1.55 and moves to the level of 1.5402, very strong support level. Given that the 1.54 level has been a key to the decision of the pair, it is bullish or bearish. Therefore, it is recommended to buy above 1.5402 […]
The euro was unable to recover the losses occurred on Wednesday. Yesterday it closed right at the level of 1.3219, the first weekly support level. Now in the morning during the American session, it is located at the level of 1.32. It is very likely that there is imminent fall of the pair, because if […]
We are very pleased to report that on 15th June 2013 XM, official patron of the London School of Economics, had the privilege to host their first forex seminar on the university premises in London, UK. Avramis Despotis, worldwide acknowledged Certified Instructor and Portfolio Manager, presented the topic Learn to Earn Intraday Trading on a […]
We are very pleased to report that on 15th June 2013 XEMarkets, official patron of the London School of Economics, had the privilege to host their first forex seminar on the university premises in London, UK. Avramis Despotis, worldwide acknowledged Certified Instructor and Portfolio Manager, presented the topic Learn to Earn Intraday Trading on a […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading downwards, impulsive sub-wave 3 of the bigger wave 3 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9312 towards the 0.9164 level and we can consider this move as the end of […]
USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading upwards, impulsive wave 3 (coloured blue) of the bigger wave [1] (coloured red) has been developing. Yesterday, during the Asian and European sessions we could observe strong ascending movement from 1.0261 towards the 1.0330 level. Therefore, during the New York session […]
Overview: Since our last analysis Gold has been trading in downward moves like we expected, we tested level 1,268.00 on very high volume. We are now heading to test FE 100% at price 1,221.00 (second short-term target), according to the daily chart. I saw decreasing volume in the previous move up which is a good […]
Overview: Since our last analysis the EUR/NZD pair has been trading upwards like we expected, price tested level of 1.7108 (previous up swing). I placed Fibonacci expansion level for future up and I got FE 61.8% at price 1.7500. Since we broke level 1.7106 (previous swing high), we may expect future up. Current situation on […]
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 […]
Yesterday data on the UK was rather optimistic to limit the pound from falling amid the drop on the market. UK Retail Sales in May grew 2.1% vs. forecast for 0.8% and revised upwardly to -1.1% in April. CBI Factory orders in June was lower than forecast (-18 vs. -15), however, that was better than […]
Yesterday the euro fell 175 points, S&P 500 dropped 2.5%. Macroeconomic news were mixed and could not manage to limit effect produced by the Fed’s decision announced on Wednesday. Manufacturing PMI in Germany was lower than expected (48.7 vs. 49.9), Manufacturing PMI in the eurozone surpassed the expectations (48.7 vs. 48.6). US Initial Jobless Claims […]
FOREX Daily Outlook by Easy-Forex.com Gold on bearish outlook The euro (EUR) continues to slide against the US dollar (USD) as the pair trades at just above 1.3080. The single currency has found strong resistance at 1.3140 after it had risen from a 6 month low. The pair is heavily influenced by fundamentals such as […]
Today’s Support and Resistance levels: R3: 1.7189 R2: 1.7113 (New top) R1: 1.7050 Current Spot: 1.7004 S1: 1.6970 S2: 1.6918 S3: 1.6881 Technical overview: We saw a new top at 1.7113 yesterday, so from an Elliott Wave Perspective we now have a five wave rally since the 1.5080 low. That does not mean we think […]
Today’s Support and Resistance levels: R3: 129.91 R2: 129.50 R1: 128.92 Current Spot: 128.82 S1: 128.09 S2: 127.58 S3: 127.04 Technical overview: As we broke above resistance at 129.34 the only line of defence we had back was the falling channel resistance line near 129.90. This resistance line has so far protected the upside and […]
Daily chart: The GBPUSD pair continues forming a higher low pattern below the 200-day moving average and the support level 1.5506. In yesterday’s session, the pair fell again to touch the support level at 1.5407, but quickly the cable backed up to the level of 1.5506. If the GBPUSD pair rebounds at this level, we […]
Daily chart: The USDX consolidated above the resistance level at 81.50 and above the SMA 200. It is very possible that this is the beginning of a bullish trend in the medium-long term, due to this consolidation. It is very possible that the USDX will make very slow movements in today’s session, because in smaller […]
Overview: The EUR/USD’s resistance (1.3180) has broken and it turned to support last week, therefore the pair has already formed a strong support at 1.3180. Moreover, after it could not close above 00% Fibonacci retracements levels and start signing for bullish market, and the price has placed above 23.6% Fibonacci. It should also be […]
