The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 124.60 suggesting a decline. However, a break of this level will allow it to reach the upper limit of its channel at 127.30. Technical indicators provide buy signals, but until the resistance is not broken the assumption of a […]
The yen edged higher against the dollar and euro in Thursday’s Asian session. The new Bank of Japan Governor Haruhiko Kuroda begins his new term in office today. Kuroda has pledged for more aggressive policy easing. More monetary stimulus will tend to weaken a currency, so in the longer term yen is bearish. USDJPY opened […]
Today’s support and resistance levels: S1: 123.87 R1: 124.50 S2: 123.48 R2: 124.85 S3: 123.16 R3: 125.36 Technical overview: We still need a break above 124.87 to confirm that wave iii of 5 is developing. As long […]
EUR/USD: This market has been very volatile this week. Irrespective of the current rally in the market, the EUR/USD would still fall further. The price is still moving below the resistance line at 1.3000, and when it does fall further, it would go lower to the support line at 1.2900. USD/CHF: Strictly speaking, the market […]
TODAY’s TECHNICAL LEVELS: Breakout buy level: 1.3000. Strong resistance: 1.2993. Original resistance: 1.2980. Inner sell area: 1.2967. Target inner area: 1.2937. Inner buy area: 1.2907. Original support: 1.2894. Strong support: 1.2881. Breakout sell level: 1.2874. DESCRIPTION: Today EUR/USD has support and resistance at 1.2894 and 1.2980. The rate is accompanied by strong support at 1.2881 […]
RECOMMENDATION: Buy stop (pending order) at 1.5126. Take profit at 1.5140. Stop loss at 1.5116. Alternative: Sell stop (pending order) at 1.5074. Take profit at 1.5060. Stop loss at 1.5084. Best regards, Arief Makmur Official Analyst of InstaForex Group InstaForex Group http://instaforex.com Email: [email protected] Yahoo Messenger & Skype: Arief.ifx_jakarta blog.mt5.com/arief http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer: Trading […]
Dollar traded lower against risk currencies in Wednesday’s North American trading session as markets were more upbeat today and the Federal Reserve helped support sentiment. Against the safe haven yen dollar surged. The Federal Reserve announced it will continue its bond-buying policy at $85 billion a month to prop up the US economy. The markets […]
EUR/USD: The EUR/USD has reiterated its bearish determination. The EMA 11 is below the EMA 56, and the Williams’ Percent Range has gone into the oversold area. The price is expected to trend further downwards; the support line at 1.2850 would eventually be breached to the downside. USD/CHF: The bias on this market points northwards. […]
The British pound was the biggest mover in the European session on Wednesday, outperforming against most major counterparts. Sterling jumped higher against the dollar and euro after much better-than-expected UK employment data showed the lowest claimant count level since June 2011. GBPUSD recovered losses made early in the London session when the pair fell to […]
Today’s Support and Resistance levels: S1: 122.03 R1: 122.75 S2: 121.83 R2: 123.21 S3: 121.64 R3: 123.71 Technical overview: The rally from 121.56 has already exhausted at 124.13 followed by a deep correction to 121.83. If wave […]
Sterling jumped higher against the dollar and euro after much better-than-expected UK employment data on Wednesday. Data showed the lowest claimant count level since June 2011, giving optimism for the British economy. The official unemployment rate remains steady at 7.8 percent. The data come ahead of a key budget announcement by UK Chancellor of the […]
Today’s Support and Resistance levels: S1: 1.5629 R1: 1.5655 S2: 1.5584 R2: 1.5689 S3: 1.5550 R3: 1.5730 Technical overview: The gap from 1.5776 down to 1.5704 has not been closed, that could be another sign of major […]
The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.2830 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1.2730. Technical indicators provide sell signals, but until the support is not broken the assumption […]
Yesterday data on UK Inflation was released. It accelerated to the fastest pace in 9 months in February. PPI Input was 3.2% against 1.3% in January and forecast for 1.7%, PPI Output was 0.8% vs. 0.2%. Core Consumer Price Index was 2.3% against forecast for 2.2%. Retail Price Index dropped from 3.3% to 3.2% and […]
FOREX Daily Outlook by Easy-Forex.com Euro rebounds after Cyprus bailout plans The euro (EUR) edged higher against the US dollar (USD) after dropping on news of the Cyprus bailout in which small depositors would be hit by a 6.75% tax on their deposits. The pair is currently trading above 1.2945 as it looks like the […]
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 […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets lift again ahead of FedMorning Report: 08.30 London • This morning, financial markets are on the rise again after a mixed session on Asian. The move comes despite Cyprus approaching Russia for formal assistance […]
Currency markets was calm during the Asian session, with most major currency pairs consolidating after much volatility on Tuesday due to renewed concern over the euro zone debt crisis. The euro hovered at a four-month trough against the dollar. EURUSD tumbled 0.8 percent yesterday to $1.2843, the lowest since November 22 last year. Sterling remained […]
The dollar index, which measures the dollar against a basket of six major currencies, rose to 82.893, up from 82.639 in late US session trading on Monday and well above 82.277 recorded late Friday. Risk averion in markets today helped prop up the safer US currency. Euro fell to a four-month low against the dollar […]
The British pound received a slight boost against the dollar and euro on Tuesday after UK inflation data showed an increase to a nine-month high in February . GBPUSD hit an intraday high of $1.5143 and EURGBP fell to 0.8551. Markets saw this rise in inflation as reason that the Bank of England may shy […]
Currency markets were calmer today with most currency pairs consolidating in yesterday’s ranges after a shock sell-off early Monday ignited by renewed euro zone debt crisis concerns. The bias is will for a stronger dollar which was supported by stronger US new home construction data today. New building permits were given to start construction on […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets slip back as Cyprus vote delayed againMorning Report: 08.30 London • Markets made a good stab at recovering some of yesterday’s losses, but momentum is stalling this morning. The parliamentary vote on the bank […]
FOREX Daily Outlook by Easy-Forex.com 19th March 2013 Euro tumbles after depositors hit by Cyprus bail-out The euro (EUR) dropped 150 pips against the US dollar (USD) opening at 1.2950 in the Asian session. The pair continues to slide moving below 1.2890 as European markets near opening time. The move comes after Friday night’s […]
Yen extended losses in Tuesday’s Asian session as risk aversion subsided as concerns over the euro zone that flared up on Monday are easing. Dollar-yen and other yen crosses continued to retrace from spike lows early in Asia yesterday. USDJPY climbed to a session high of 95.72 yen, up 0.4 percent in the session and […]
Data from the US showing confidence amongst home builders fell in March as there are expectations of sales of single-family homes to drop. A survey by the National Association of Home Builders (NAHB) reported a decline to 44 points in the index, the lowest level since October. This was a second straight monthly drop from […]
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 […]
March 18th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened sharply lower this morning, as investors reacted negatively to a surprise bailout agreement for Cyprus which forced depositors in Cypriot banks to pay a one-time tax on their savings. Meanwhile, Bank of England policy maker Ian McCafferty, in an interview […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro slumps, but off lows following Cypress bank levyMorning Report: 08.30 London • The euro dropped like a stone at the start of the Asian session on news that Cypress is to levy a deposit […]
After marathon talks at the Eurogroup meeting in Brussels that began on Friday, EU finance ministers reached a deal in early hours on Saturday morning on a bailout for Cyprus, the fifth euro zone member to require financial aid. International lenders agreed on a 10 billion euro aid package to help restructure the banking system […]
Dollar positions were unwound today, with many investors taking the opportunity for profit-taking ahead of the weekend after a sharp rally this week. Meanwhile a raft of US economic data during the New York session led to a dollar sell-off. CPI data showed US inflation is contained, giving the Federal Reserve scope to maintain its […]
