Forex Market Analysis - Page 87

Euro stuck in range, Yen at 2-month low

The European session was relatively quiet as would be normal for a Friday, with most currency pairs consolidating the past couple of days’ moves. There was a lot of volatility yesterday as a result of news flow and economic data...

NZD: Head and shoulders, or is it?

The New Zealand Dollar has recently fallen after touching on 0.85 cents compared to the USD, and this has sparked calls from a lot of technical analysts of a head and shoulders pattern forming in the market, and for the most part they are right...

Midweek UK Market Analysis

The UK market is one of the most active and fast markets globally, and markets are starting to feel the effects and move accordingly...

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Yen weak on Japan FinMin remarks, dollar in focus ahead of Yellen speech

The yen weakened during the Asian session against most major counterparts as markets reacted to comments made by Japanese Finance Minister Taro Aso today...

No Common Direction on Markets Once Again

Yesterday world financial markets posted the following results the British FTSE 100 fell 1.44 percent down to 6,630 points, the German DAX 30 shed 0.24 percent down to 9,054.83 points, and the French CAC 40 dropped 0.56 percent down to 4,239.94 points...

Dollar eases slightly after hitting 100 yen, Yellen in focus

The US dollar finally hit the key psychological level of 100 yen today, rallying 0.2% in the European session as the yen extended weakness on the back of comments from Japan finance minister today...


Forex Technical Analysis 14.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro continues forming ascending structure; market is moving inside the third wave. We think, today price may fall down to test 1.3443 from above and then continue growing up to reach 1.3565...

The ECB Surprise Card

Last week, the ECB shocked the markets with a surprise interest rate cut. According to Bloomberg, just 3 out of 70 economists expected such a move. Only the Bank of America, UBS and the Royal Bank of Scotland predicted that an interest rate adjustment was a possibility...

The Yen: Opportunities Abound

Japan is a global economic powerhouse, and also one of my most favourite currencies to watch as a trader and researcher...

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US Dollar Holds Near 2-Month High Vs Yen

The US dollar retraced slightly against the yen in the Asian session but is still hovering near a two-month high. The greenback is being broadly supported by renewed views of Fed tapering after a series of strong economic data. The dollar is also drawing strength from a surge in US bond yields...

Forex Technical Analysis 13.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro continues forming ascending structure; right now market is consolidating inside its third wave. We think, today the price may reach local target at 1.3554 and then fall down again to break this descending channel...

Sterling boosted by UK jobs data and upbeat BOE growth forecasts

Sterling jumped against the dollar after the Bank of England Inflation Report increased the growth outlook for the UK economy...


Forex Technical Analysis 12.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro reached upper border of consolidation triangle and right now is moving towards lower one. We think, today the price may continue consolidating inside this triangle...

Pound Tumbles To 2-Month Low After UK Inflation Falls

Sterling tumbled to a two-month low against the US dollar today on the back of UK inflation unexpectedly falling to its lowest rate for more than a year in October...

Dollar Keeps Rising Against Yen

The yen weakened against most major counterparts today on low safe haven demand as investor confidence has been bolstered by improved US economic data...

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Weekly Outlook. November 11, 2013

The Aussie dollar continued its fall in the previous week after markets punished the Australian dollar after its jobless report come in much weaker than expected, with -28k full time jobs in the previous month...

The hidden worry behind the impressive US GDP

On Thursday, the ECB may have attracted the headlines with a surprise interest rate cut, but what crept under the radar was the news that the US GDP expanded in the 3rd quarter, growing annually at 2.8%...

Euro edges higher but finds resistance at $1.34

The euro edged higher against the US dollar during a relatively quiet European session. There was little in the way of economic data or news due to the public holiday in the US and France for Veteran Day holiday today, resulting in low trading volumes...


Forex Technical Analysis 11.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro continues falling down; pair is expected to extend and reach 1.3265. Previous descending movement from 1.3544 may be considered as five-wave structure...

Friday Closed Mixed

Last Friday world financial markets closed with mixed index changes. As such, in Europe the British FTSE 100 grew 0.17 percent up to 6,708.42 points, the German DAX fell 0.03 percent down to 9,078.28 points, and the French CAC 40 shed 0.48 percent down to 4,260.44 points...

Yen Edges Higher After Japan Surplus Grows

The Asian session was relatively calm and most major currency pairs were consolidating after much volatility on Friday following the US jobs report...


Too late to long the Kiwi?

Last month, the Blackwell Global research team composed an article regarding the impending opportunity to go long on the NZDUSD. Since then, the currency pair has continued the bullish trend...

S&P 500: Room to move still?

Overnight the US received a major boost for the economy, as GDP for the year exceeded expectations coming in at 2.8%; this despite the recent government shutdown which was forecast to have a major impact on GDP of roughly 0.6% for the quarter...

ECB Lowered Interest Rates

Yesterday world financial markets closed mixed once again. Yesterday the ECB cut its interest rate to a record low of 0.25%...


Forex Technical Analysis 08.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro, influenced by news, reached new minimums; this decline is considered as correction. We think, today the price may form consolidation channel between 1.3457 and 1.3374. Later, in our opinion, the pair may break 1.3457 upwards and form reversal pattern...

Nikkei 225: Buying Opportunity or Buyer Beware?

The Nikkei 225 has been climbing now for some time, and for a lot of commentators and market watchers, it has run out of steam. But is that really the case...

Aussie Falls on Soft Jobs & Euro Calms Ahead of ECB

Currency markets were calm during the Asian session, with most currency pairs consolidating as markets await key policy decisions by two major central banks today...


ECB Rate Cut Leads To Euro Sell-Off

After being stuck in a trading range for the past couple of days, the euro finally broke out to the downside and fell hard against the dollar after the ECB rate announcement...

Forex Technical Analysis 07.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

Euro is forming the second ascending impulse. We think, today the price may continue growing up to reach 1.3605 and then form a correction towards 1.3525...

All Eyes on the Euro Dollar

Currently, the EURUSD is experiencing a downtrend. The currency pair has depreciated by over 300 pips in the past week, as we are witnessing a sell-off in risk appetite currency pairs...


  


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