Latest Story

E-mini Russell 2000 Index (TF) Futures Technical Analysis – April 23, 2014 Forecast

April 23, 2014
By
E-mini Russell 2000 Index (TF) Futures Technical Analysis – April 23, 2014 Forecast

June E-mini Russell 2000 Index futures are called lower this morning after the index failed to follow-through to the upside following Tuesday’s solid rally. Sellers came in to defend the Fibonacci level at 1152.80 and yesterday’s high at 1155.00. The main trend is down on the daily chart. The main trend will turn up on a trade through the April 10 main top at 1157.50. Daily June E-mini Russell 2000 Index The main range is 1191.10 to 1090.80. This range has created a retracement zone at 1141.00 to 1152.80. This index is currently testing this zone. Traders are going to either muscle their way through this zone and the last main top, or stop the rally and form a...

Read more »

Better Manufacturing and Services Data Underpins EUR/USD

April 23, 2014
By
Better Manufacturing and Services Data Underpins EUR/USD

The EUR/USD rose on Wednesday as manufacturing and services in the Euro Zone expanded more than economists forecast, leading speculators to decrease bets the European Central Bank will further ease monetary policy. The Euro rallied further against the dollar after sales of new U.S. homes unexpectedly declined in March to the lowest level in eight months. The report showed a 14.5 percent drop to a 384,000 annualized pace, lower than any forecast of economists surveyed. A dip in U.S....

Read more »

EUR/USD Mid-Session Technical Analysis for April 23, 2014

April 23, 2014
By
EUR/USD Mid-Session Technical Analysis for April 23, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is trading higher at the mid-session, but well off its high. On Tuesday, the market bottomed at 1.3784, a little below a key 50% level at 1.3788. Today, the surge began following a successful test of an uptrending angle at 1.3802. This triggered a breakout over a downtrending angle at 1.3825. The main range is 1.3672 to 1.3905. The retracement zone created by this range is 1.3788 to 1.3761. Support has...

Read more »

It’s PMI-day in the euro area – Danske Bank

April 23, 2014
By

<!–TITOL: Its PMI-day in the euro area Danske Bank FITITOL–> FXStreet (Edinburgh) – In the data front, today’s manufacturing and services PMI readings would be the most relevant events in Euroland, according to Pernille Nielsen, Analyst at Danske Bank. Key Quotes “Today focus will be on global PMIs. We...

Read more »

EUR/USD licked part of the wounds thanks to German PMI

April 23, 2014
By

<!–TITOL: EUR/USD licked part of the wounds thanks to German PMI FITITOL–> FXStreet (Moscow) – EUR/USD plunged to session low at 1.3800 after initial attempt to break above 1.3830; it trades at 1.3815 at the moment. First data of the week! Despite the initial optimism seen right before the...

Read more »

Asia EM Express: China’s HSBC Manufacturing PMI improves slightly but slowdown concerns remain

April 23, 2014
By

<!–TITOL: Asia EM Express: China’s HSBC Manufacturing PMI improves slightly but slowdown concerns remain FITITOL–> FXStreet (Łódź) – China announced on Tuesday that the reserve requirement ratio for rural commercial banks would be reduced by 200bp and for rural cooperative banks by 50bp, effective from April 25. The move,...

Read more »

EUR/GBP Fundamental Analysis April 22, 2014 Forecast

April 21, 2014
By
EUR/GBP Fundamental Analysis April 22, 2014 Forecast

Support for the EUR/GBP continues to erode. Even with an extended bank holiday on Monday, bearish traders continued to pound on the Forex pair. The main trend is down on the daily chart and upside momentum may be building for an eventual test of the late February bottom at...

Read more »

Gold Futures Fall as Longs Continue to Pare Positions

April 21, 2014
By
Gold Futures Fall as Longs Continue to Pare Positions

June Comex Gold futures continued to erode on Monday. The market has crossed into a major retracement zone, but with downside momentum. If the selling pressure increases then look for a near-term test of the recent bottom at $1277.40. Crossing back to the bullish side of a 50% level...

Read more »

EUR/USD Mid-Session Technical Analysis for April 21, 2014

April 21, 2014
By
EUR/USD Mid-Session Technical Analysis for April 21, 2014

Daily EUR/USD Technical Analysis Daily EUR/USD The EUR/USD is under pressure at the mid-session. Volume and volatility are down because of the extended Easter holiday, but that hasn’t stopped bearish traders from pressuring the market. The main range is 1.3672 to 1.3905. The retracement zone of this range and...

Read more »

Kiwi’s attempt at 0.8600 failed

April 21, 2014
By

<!–TITOL: Kiwi’s attempt at 0.8600 failed FITITOL–> FXStreet (Moscow) – NZD/USD is trading at 0.8568, down -0.10% on the day, having posted a daily high at 0.8603 and low at 0.8558. What goes up must come down RBNZ is expected to go on with its tightening cycle and to...

Read more »

EUR/USD outlook neutral

April 21, 2014
By

<!–TITOL: EUR/USD outlook neutral – OCBC FITITOL–> FXStreet (Bali) – Emmanuel Ng, FX Strategist at OCBC Bank, continues to hold a neutral bias on the EUR/USD. Key Quotes “We continue to stay neutral on the EUR-USD, mindful of the sustained jawboning from the ECB. In the neutral, the pair...

Read more »

GBP/JPY is up and rising; 172.00 is left behind

April 21, 2014
By

<!–TITOL: GBP/JPY is up and rising; 172.00 is left behind FITITOL–> FXStreet (Moscow) – GBP/JPY is trying to develop bullish dynamic as the cross opened at 172.00 and reached current Asian high at 172.40 It’s not in the bag yetBritish currency was a star perform during the previous week...

Read more »

GBP/USD Weekly Fundamental Analysis April 21 – 25, 2014 Forecast

April 19, 2014
By
GBP/USD Weekly Fundamental Analysis April 21 – 25, 2014 Forecast

Weekly Analysis and Recommendation:  The GBP/USD ended the week at 1.6802 gaining momentum after strong jobs data on Wednesday. There is now more possibility that the Bank of England will begin to increase interest rates. The British Pound was the only major currency to strengthen against the US Dollar...

Read more »

EUR/GBP Weekly Fundamental Analysis April 21 – 25, 2014 Forecast

April 19, 2014
By
EUR/GBP Weekly Fundamental Analysis April 21 – 25, 2014 Forecast

Weekly Analysis and Recommendations The EUR/GBP ended the week at 0.8223 as the pound outshined most of its crosses this past week. The pound strengthen this week after unemployment numbers fell and the euro eased as ECB members seemed to indicate that the Bank would offer more stimulus to...

Read more »

AUD/USD Weekly Fundamental Analysis April 21 – 25, 2014 Forecast

April 19, 2014
By
AUD/USD Weekly Fundamental Analysis April 21 – 25, 2014 Forecast

Weekly Analysis and Recommendation: The AUD/USD ended the week at 0.9332 coming off its weekly high of 0.9426 as the US dollar gained momentum this week. The Australian dollar has drifted lower as a boost from speculation of stimulus measures in China wore off, while activity was low ahead...

Read more »

EMEA EM Express: Pro-Russian separatists in Donetsk refuse to vacate occupied buildings

April 19, 2014
By

<!–TITOL: EMEA EM Express: Pro-Russian separatists in Donetsk refuse to vacate occupied buildings FITITOL–> FXStreet (Łódź) – The talks between Ukrainian, Russian, EU and US leaders in Geneva, aimed at finding a solution to the Ukraine crisis ended in an agreement that efforts will be made to reach a...

Read more »

Latin America EM Express: Chile’s central bank holds rates steady in April

April 19, 2014
By

<!–TITOL: Latin America EM Express: Chile’s central bank holds rates steady in April FITITOL–> FXStreet (Łódź) – Chile’s central bank held its monetary policy meeting on Thursday, during which it decided to keep the main interest rate unchanged at 4%, in line with forecasts. The recent pickup in inflation...

Read more »

EUR/USD ends the week lower

April 19, 2014
By

<!–TITOL: EUR/USD ends the week lower FITITOL–> FXStreet (Córdoba) – The EUR/USD corrected lower this week and is on track to close with losses, having retreated from levels above 1.3900 scored last Friday. The EUR/USD slowly pulled back from above 1.3900 to bottom out at 1.3789 and settle in...

Read more »

E-mini S&P 500 Index (ES) Futures Technical Analysis – April 17, 2014 Forecast

April 17, 2014
By
E-mini S&P 500 Index (ES) Futures Technical Analysis – April 17, 2014 Forecast

June E-mini SP 500 Index futures are trading better this morning. There is a slight upside bias, but the index is having trouble with retracement level resistance. Once this area is taken out, a strong bias will develop. However, a failure to move through resistance will be a sign...

Read more »

E-mini Dow Jones Industrial Average (YM) Futures Analysis – April 17, 2014 Forecast

April 17, 2014
By
E-mini Dow Jones Industrial Average (YM) Futures Analysis – April 17, 2014 Forecast

June E-mini Dow Jones Industrial Average futures are trading a little better shortly before the opening. The market is trading on the strong side of a retracement zone so there is an early upside bias. Investors just seem a little tentative about buying strength too early. The main trend...

Read more »

User Login