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Technical Analysis Reports

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GOLD & Crude OIL Intraday: Elliott Wave Analysis

10:02am yesterday

GOLD remains trapped in range so our view remains unchanged; we are still looking at a triangle that can be taking place in wave (iv). If we are correct then current wave e), final leg of the pattern »

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Forex majors approach key crossroads against the dollar

8:14am yesterday

Market Overview Weak European economic data drove European markets lower, whilst positive US economic data was able to push Wall Street to a 44th record closing high of the year. However the moves co »

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Dollar strengthening once more ahead of the key US inflation data

20/11/2014 08:19

Market Overview The FOMC meeting minutes last night failed to give any further clues over the timing of the first rate hike by the Fed. There is an expectation for inflation to rise towards the 2% ta »

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GOLD and OIL Intraday: Elliott Wave Analysis

19/11/2014 13:06

As long the market is making higher highs and higher lows the trend is up. As such, gold remains in uptrend with possible extensions above 1205 today, while 1181 support is in place. A sharp break thr »

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Dollar finding support again in front of key FOMC meeting minutes

19/11/2014 08:17

Market Overview General market sentiment has turned more positive in the past day or so. The encouraging German ZEW economic sentiment helped to drive European markets higher yesterday, whilst the de »

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Sentiment remains uncertain ahead of the key German ZEW data

18/11/2014 08:13

Market Overview Yet another day of sideways trading on Wall Street has seen the S&P 500 complete a 42 record all-time closing high, albeit with the S&P 500 posting a gain of just +0.1% on the day. It »

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GBPUSD and GOLD Intraday: Elliott Wave Analysis

17/11/2014 12:36

GBPUSD found a support on Friday and bounce exactly from our highlighted Fibonacci region. But keep in mind that larger trend is still down and that current rise on hourly chart is only in three legs, »

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EUR/GBP Weekly Outlook!

17/11/2014 10:13

The pound fell for a fourth consecutive day against the euro and gave all of its gains made the last month. Technically and according to the daily chart the EUR/GBP pair is moving in a sideways channe »

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Japan moves into recession to put pressure back on markets

17/11/2014 08:21

Market Overview Japan has once more fallen back into recession. With an annualised decline of 1.6% (which was forecast to gain by 2.1%) in Q3 this is a second successive quarter of negative growth an »

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EUR/JPY Long-Term Outlook!

14/11/2014 09:21

  From a technical perspective, the EUR/JPY pair rebounded pretty aggressively from the 134.00 level and regained in a month and half period the temporary retracement from 146.00 to 134.00. A mo »

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French growth should support Eurozone GDP but the dollar remains strong

14/11/2014 08:25

Market Overview The Eurozone GDP data for the individual countries announced early this morning have been positive. Data for the currency bloc’s two largest economies have come in slightly ahea »

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Inflation data to drive sentiment on the euro today whilst equities look for support

13/11/2014 08:24

Market Overview With a lack of tier 1 economic announcements from the US, investor sentiment has been rather neutral for the first half of this week. This is reflected in the price action of Wall Str »

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FTSE MIB still on retracing mode

13/11/2014 08:07

FTSE MIB index fell sharply after several unsuccessful attempts to break the strong resistance level at 19,788. As a result the index plunged below some significant obstacles including the psychologic »

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A Dovish Carney Is Likely To Drive Sentiment In Forex Markets Today

12/11/2014 08:17

Market Overview With a lack of economic data and the US on Veterans Day public holiday which saw bond markets closed, Wall Street crept quietly to further all-time highs on an especially unspectacula »

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GBP/USD Ready for Further Correction Ahead of UK’s Inflation Report

12/11/2014 06:57

The British pound is trading higher the last couple of days against the US dollar, as it looks to make its way back towards the 1.6020 level, following its unsuccessful attempt to break below the 1.58 »

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Nikkei 225 index bullish trend to continue!

11/11/2014 08:41

Nikkei 225 index is continuing to push higher, after finding a strong support once more on the 16640 hurdle, which coincides with the 50-period simple moving average. Going forward, we are continuing »

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With little on the economic calendar volatility could be quite low

11/11/2014 08:15

Market Overview The bulls will be hoping that the market is not once more slipping back into the (slightly concerning) trend of gradual gains. This is a concern because often it is a build-up of smal »

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Markets looking for direction still as the hangover from a tepid payrolls report continues

10/11/2014 08:19

Market Overview A rather tepid Non-farm Payrolls report on Friday failed to inspire any further bullish move, with Wall Street all but unchanged into the close. This rather flat mood has continued in »

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EUR/USD after the US NFP Report

10/11/2014 07:19

The EUR/USD edged lower to 1.2358 during Friday’s session, its lowest point against the dollar in more than two years, despite a weaker-than-expected U.S. Nonfarm payrolls report. U.S. employers »

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Daily Report: Draghi pushes EURUSD to new two-year low

07/11/2014 10:22

ECB President Mario Draghi wasted little time in sending the Eurodollar to a new two-year low (1.2364) on Thursday afternoon. Draghi slammed the 1.24 door shut and left the entrance to 1.23 wide open »

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EUR/AUD holds a neutral bias ahead of ECB

06/11/2014 08:58

The euro is continuing to push higher against the Australian dollar, although it’s continuing to struggle near the psychological level of 1.4700. The channel that the pair has been trading since »

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Market sentiment turns more cautious with all eyes on Mario Draghi once again

06/11/2014 08:21

Market Overview Statistics suggest that the next 12 months following mid-term elections in the US are very positive for equities, and so it began yesterday with Wall Street posting record highs for t »

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Dollar begins to strengthen as US mid-terms uncertainty begins to clear

05/11/2014 08:12

Market Overview The mid-term elections in the US have delivered both houses of Congress to the Republicans which will now mean that President Obama (Democrat) has a rather tricky final two years in t »

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GOLD and Crude OIL Intraday: Elliott Wave Analysis

04/11/2014 10:32

GOLD and Crude OIL Intraday: Elliott Wave Analysis Gold is also looking bearish, now forming a triangle in a fourth wave which is bullish for the USD as lower price of metals equals to higher buck. »

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Signs Of Caution Continues As Minor Profit-Taking Hits The Dollar

04/11/2014 08:36

Market Overview Investor sentiment is once more looking rather cautious as the announcement of the crucial ECB and US Non-farm Payrolls data begins to loom on the horizon. Despite a big jump in the I »

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Sentiment Cautious Ahead of PMIs As The Dollar Remains Strong

03/11/2014 09:50

Market Overview The sentiment remained strong going into the weekend, but there is an element of caution that has taken hold as the first week of the month beckons. This can be understandable with su »

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GBP/USD Levels to Watch Ahead of BoE Meeting

03/11/2014 07:18

In addition to the ECB meeting there is also a Bank of England meeting on Thursday. GBP/USD is moving in a tight range over the last couple of months as the pair is still struggling in a battle betwee »

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USD/CNH Bearish Trend to Continue

31/10/2014 07:08

USD/CNH is looking quite bearish over the short term, as it managed to hold positions below the key resistance level of 6.1275, today’s first resistance level. Also providing resistance near thi »

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EUR/JPY fails the 138.00; what is next?

30/10/2014 07:34

The euro is looking bullish against the yen over the last couple of weeks, following the brief retracement over the last couple of days below the psychological level of 138.00. Today’s and Frida »

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AUD/USD Levels to Watch Ahead of Fed Policy Meeting

29/10/2014 05:29

AUD/USD is moving in a tight range over the last couple of weeks, as the pair is struggling in a battle between both market forces (bulls and bears) near the psychological level of 0.8900 (R1) and the »

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EUR/USD Bulls Could Take the Lead

27/10/2014 11:17

EUR/USD collapsed during Friday’s trading session, drilling through some strong support levels as well as below the 50-period SMA and the 200-period SMA on the 4-hour chart. In addition the sell »

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Expect a downside break of consoldation above key supports on Euro and Sterling

24/10/2014 08:23

Market Overview The instance of another Ebola case, this time in New York could give nervous markets an excuse for a flight into safe haven plays today. This has already taken Wall Street markets bac »

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Forex Pairs Continue To Test Key Levels As Flash PMIs Are Due

23/10/2014 08:12

Market Overview After four straight days of considerable gains on Wall Street that has already retraced to the 61.8% Fibonacci level of the sell-off, the S&P 500 has undergone a near term correction »

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FXSnip:GBP/USD Interest Rate Hike Not Imminent

23/10/2014 08:04

For the 24 hours to 23:00 GMT, the GBP fell 0.40% against the USD and closed at 1.6046, after the minutes of the BoE’s latest policy meeting revealed that majority of the policymakers voted to k »

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CAC40 index under pressure near 4120

23/10/2014 07:36

CAC40 index has been moving in a short-term uptrend since mid-October after rebounding from the key support level of 3786. The index is still struggling to break above the key resistance level of 4120 »

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Elliott Wave Analysis For AUDUSD and NZDUSD

22/10/2014 12:34

We are still bearish on AUDUSD, but still waiting on that strong break to the downside before market may final start moving on the bearish side. Pair moved recently beneath the channel line that is no »

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Forex Trading Becomes Increasingly Uncertain As The Equities Rebound Continues To Surge

22/10/2014 08:30

Market Overview As the recovery in equities has taken off, the outlook for forex has become somewhat more muddied in the past day. I have spoken at length about the tendency for key market bottoms to »

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AUD/CAD Daily Outlook Ahead of BoC

22/10/2014 06:46

The AUD is looking a little bearish against the CAD on the 1-hour chart, following an aggressive sell-off the last couple of days. The AUD/CAD pair struggled to push on after hitting highs around the »

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Cable and Gold Breaking Higher As The Dollar Comes Under Pressure

21/10/2014 08:27

Market Overview In the past 24 hours there has been a real sense of a shift in sentiment away from the US dollar. This has resulted in key moves being seen on forex pairs such as Cable and Dollar/Yen »

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EUR/GBP finds support from 200-SMA ahead of significant data

21/10/2014 07:10

The euro is looking quite bearish against the sterling following the retracement from the 0.8040 level few days ago. It should be noted that this the fourth week in a row that the euro is trading high »

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Yahoo Daily Outlook

20/10/2014 10:51

The Yahoo stock (SYM:YHOO) is looking quite bearish on the 4-hour chart following the aggressive sell-off below the 40.00, resistance level. Technically speaking, this enabled the stock to form a lowe »

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Markets Starting Off The Week With Mixed Sentiment As The Dollar Starts To Gain

20/10/2014 08:23

Market Overview The significant improvement in market sentiment on Friday that saw the DAX close 3% higher and Wall Street up around 1.5% seems to have been held over the weekend. Positive corporate »

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Dollar Beginning To Strengthen Again Although Volatility Remains High

17/10/2014 08:24

Market Overview Calling the bottom is a risky game. The slightest signs of support and people jump in to suggest the lows have been seen and all is clear to buy once more. That is how it seemed with »

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Elliott Wave Analysis For DAX and GOLD Intraday

16/10/2014 11:31

The USD sold-off sharply yesterday following weak US data that also caused a new leg down on stocks. However, we still see USD in larger corrective set-back, so traders need to realize that this is no »

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After Yesterday’s Rout, The Dollar Begins To Fight Back

16/10/2014 08:19

Market Overview What an amazing day for the financial markets yesterday. Huge volatility across asset classes with bonds, forex and equities alike all feeling the pressure. There was a confluence of »

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Signs Of A Turnaround In Sentiment As Gold And Yen Threaten A Correction

15/10/2014 08:20

Market Overview Has there been a subtle shift in the market sentiment in the past 24 hours? Previously there has been significant selling pressure on equities, coupled with a preference for safe have »

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USD/RUB Higher Despite Central Bank Intervention

14/10/2014 12:03

The US dollar moved higher for seventh consecutive day against the Ruble despite the Russian Central Bank intervention. The Central Bank of the Russian Federation is spending at least 40 billion dolla »

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Seemingly No Let-Up In Equities Selling With The Dollar Volatility Continuing

14/10/2014 08:17

Market Overview Investor sentiment remains under pressure as the preference for safe haven assets continues. However there is also a sense that the dollar rally that had been such a feature of tradin »

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Investor Sentiment Continues To Be Battered As Safe Havens Benefit From Rout In Equities

13/10/2014 08:27

Market Overview The sell-off on the global markets went deep into the close on Friday and there seems to be little sign of downside pressure abating on Monday. The S&P 500 closed the session off 1.2% »

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German DAX 30 Collapsed!

13/10/2014 06:31

DAX 30 index collapsed during the European day on Friday, breaking below the psychological level of 8900. This is the third consecutive week of losses for the index and the second negative month follo »

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Volatility Spikes As The Bears Roar Again

10/10/2014 08:17

Market Overview Volatility has been increased incredibly in the past few days as traders and investors have struggled to come to terms with an unexpectedly dovish Federal Reserve and the ongoing econ »

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Euro Breaking Higher To Complete A Near Term Bullish Reversal

09/10/2014 08:25

Market Overview The expectation of the minutes from the latest FOMC meeting has been one of the factors this week that has been driving the concern of investors. A fear of a hawkish leaning has helpe »

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USD/CHF Correction Under Way

09/10/2014 07:15

The US dollar pair fell sharply after posting a 15-month high against the Swiss Franc, as the bulls were unable to hold onto the gains above the key level of 0.9600. However, the pair is still in a cl »

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USD/JPY and AUD/USD still threatening a turnaround despite early dollar strength today

08/10/2014 08:22

Market Overview The sentiment amongst global investors is increasingly concerning. Rallies are being sold into and the safe haven plays such as US Treasuries, the Japanese yen and gold are seeing pos »

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AUD/JPY Bulls Vs Bears near 95.00

08/10/2014 06:56

The AUD has been looking a little weak against the JPY over the past couple of days, even though there is a clear battle going on around the 95.00 area, as highlighted on the 4-hour chart but it&rsquo »

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Still Seeing The Rally On EUR/USD and GBP/USD As A Chance To Sell... For Now.

07/10/2014 08:19

Market Overview As we move towards the minutes from the latest FOMC meeting, traders are becoming more cautious. Add into the mix, uncertainty over how to be positioned for the upcoming earnings seas »

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USD/TRY struggling near 2.3000

07/10/2014 07:24

The dollar moved aggressively higher versus the Turkish Lira after rebounding from the key support zone of 2.0600 – 2.0850 and more recently from another key support of 2.1550, which includes th »

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Equity Markets Stronger As The Dollar Bulls Take A Quick Breather

06/10/2014 08:11

Market Overview The legacy of Friday’s strong Non-farm Payrolls data is still playing out on Monday morning. Friday afternoon saw strong equity market gains and an ever stronger dollar. Wall St »

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Swiss Market Index Recovers and Rises Above 8700

06/10/2014 07:39

The Swiss Market index (SMI) is looking quite bullish on the 4-hour chart following the aggressive upward move from the key support level at 8611, which includes the 200-period SMA. Technically speaki »

Are Major Forex Pairs Such As The Euro, Yen and Aussie Set To Reverse Recent Weakness?

03/10/2014 08:14

Market Overview Is this dollar run showing signs of creaking? For weeks the dollar has pushed higher almost without stopping, but now there are the first signs of a potential reversal. Still in the v »

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USD/CAD Rises as Market Awaits NFP Report

03/10/2014 07:18

USD/CAD moved slightly higher after rebounding from the key support level of 1.0985, but the advance was halted by the strong resistance level of 1.1225. However, we could see further consolidation in »

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EUR/JPY Levels to Watch Ahead of ECB

02/10/2014 07:54

EUR/JPY plunged lower, after the short-term retracement which took place slightly above the key level at 138.00 (R1), which includes the 200-period SMA, as well as the 61.8% Fibonacci Retracement leve »

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Dollar strength and equities under pressure ahead of key manufacturing data

01/10/2014 08:20

Market Overview Whether it was a bit of end of month/end of quarter window dressing, the early gains on Wall Street were lost into the close, leaving the S&P 500 down 0.3% on little newsflow. With th »

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US dollar finally under a little pressure as crucial economic data approaches

30/09/2014 08:19

30/09/2014: US dollar finally under a little pressure as crucial economic data approaches

  Market Overview Equity markets rebounded fairly positively yesterday to leave the glass half full as we approach a crucial few days of economic data. Wall Street having traded over a percent »

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Markets slightly dollar positive with gains for equities in front of a crucial week of data

29/09/2014 08:16

Markets slightly dollar positive with gains for equities in front of a crucial week of data

 

  • Investors appear to be circumspect as the new week begins
  • LIttle real movement in early European session
  • WATCH FOR: German CPI and US Pending Home Sales

  Market Overview Markets are starting off an incredibly important week in a reflective mood, coming on the back of a strong end to the week on Wall Street. Asian markets were mixed overnight w »

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FTSE100 Retreats Further

29/09/2014 06:31

FTSE100 is continuing to look bearish on the 4-hour chart, following the break below both, the key support zone of 6744 – 6760 and the 200-period SMA, few days ago. The index is still pushing lo »

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Dollar continues to strengthen as equities come under pressure

26/09/2014 08:14

26/09/2014: Dollar continues to strengthen as equities come under pressure

 

  • Wall Street woes flow into Asian trading, with European markets also lower again
  • US dollar strength continues to impact on forex majors
  • WATCH FOR : Final readings for US Q2 GDP and Michigan sentiment

  Market Overview Selling pressure is taking hold on global equity markets, as Wall Street had its worst session since 31st July. The S&P 500 fell 1.6% leaving it at a 5 week low and at risk of »

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Ford Motor Stock Sell on Failure Swing

26/09/2014 07:44

Ford Motor Co. stock (F) has been moving in a short-term downtrend since beginning of August when the stock posted a record high at 18.10. Despite numerous attempts over the last month, the stock has »

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The Dollar Bulls Return With Force To Reverse Earlier Losses In The Week

25/09/2014 09:00

25/09/2014: The dollar bulls return with force to reverse earlier losses in the week

 

  • European equities open mixed despite teh strong Wall Street rebound
  • Dollar strengthening significantly as the European session gets going to put big pressure on the euro, sterling and gold
  • WATCH FOR: US Durable GOods, Weekly Jobless Claims

Market Overview With dovish comments from Mario Draghi, sentiment on the equity markets has turned around again. The S&P 500 and the Dow both closed just under a percent higher as there was also a po »

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Brent Crude Oil still Looking Bearish

25/09/2014 07:30

Brent Crude oil surged on heavy buying during yesterday’s trading session, as the price managed to break above the key level of 96.38, as well as above the 50-period moving average on the 30-min »

Euro consolidating as Sterling and Yen look to strengthen again

24/09/2014 14:43

Euro consolidating as Sterling and Yen look to strengthen again

 

  • European equities slightly weaker today after Wall Street declines
  • Dollar again under pressure, driving a gold price recovery
  • WATCH FOR: German Ifo, US New Home Sales

  Market Overview A series of concerns have hit investors on financial markets in recent days to result in a flow into safe haven trades such as US Treasuries, gold and the yen. Whether this mo »

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WTI to Remain Under Pressure this Week

24/09/2014 06:29

WTI Crude oil has been moving in a strong downtrend as is confirmed by the descending trend line and by the fact that the 50-period moving average lies below the 200-period moving average. In addition »

Signs of a dollar correction against both the yen and sterling

23/09/2014 08:11

Signs of the yen potentially joining sterling in a rally against the dollar

 

  • Equity markets under pressure again
  • US dollar rally beginning to creak with yen consolidating and sterling also finding support
  • WATCH FOR: Eurozone flash PMIs, US flash PMIs

  Market Overview A difficult start to the week has curbed the bulls on Wall Street, after indications from China are that monetary policy stimulus would not be knee jerk to disappointing data. »

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FTSE100 Retreats from 6900!

23/09/2014 06:48

FTSE100 rebounded from strong support zone of 6744 – 6760 and made a sharp move upwards successfully penetrating our suggested target at 6860 and nearing the 6897 level, ending the day with good »

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DAX Index is Rapidly Losing Ground below Recent Highs

22/09/2014 07:28

German Index (DAX) ran out of momentum the last couple of days after several unsuccessful attempts to break the strong resistance level at 9888 (R1), easing back towards the 9750 areas. The index is b »

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Relief Rally On UK Assets As Scotland votes “No” to independence

19/09/2014 08:18

19/09/2014: Relief rally on UK assets as Scotland votes “No” to independence


  • Scotland rejects independence by 55% to 45%
  • Cable rallies, FTSE 100 rallies, volatility remains high
  • Dollar remains strong and is weighing on the euro and gold
  • Watch for: Canadian CPI and US Lead Indicators

Market Overview Scotland has voted and the UK remains intact. Investors in UK can assets can breathe a big sigh of relief, with further rebound gains on Cable and a strong open on the FTSE 100. This »

Post-FOMC dollar strength unwinding slightly as the Scottish polls open

18/09/2014 08:26

18/09/2014: Post-FOMC dollar strength unwinding slightly as the Scottish polls open

 

  • UK focused traders looking nervously towards Scotland
  • Dollar remains extremely strong, although Sterling is holding up well ahead of the Scottish independence result
  • Equitiy markets consolidating
  • Watch for: SNB, UK Retail Sales, TLTRO, US housing data

Market Overview It was clearly an FOMC meeting for everyone. Equities, Treasuries and the dollar all rallied with record highs on Wall Street and major forex pairs such as Euro/Dollar and Dollar/Yen »

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AUD/CAD Bears Eyeing 0.9820

17/09/2014 07:18

AUD/CAD collapsed drilling through some strong support levels as well as below the 50-day SMA and the 200-day SMA on the daily chart. Despite the several attempts to break above the psychological leve »

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Gold Traders Cautious Ahead of Fed Meeting

16/09/2014 06:37

Over the last couple of months the yellow metal has established and traded within a symmetrical triangle formation roughly around the key level of 1280, whilst moving down to the psychological support »

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British Pound Heads into Critical Week

15/09/2014 07:36

It’s a busy week ahead with a raft of releases and interest rate decisions in the U.S. and Switzerland. Aside from the Fed Policy Meeting on Wednesday, there is plenty of other event risk this w »

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USD/PLN in a Bullish Flag Pattern

12/09/2014 06:26

We are seeing a bit of recovery in the USD/NOK pair the last couple of days, following six consecutive winning months! The price has been moving in a short-term downtrend since the beginning of this w »

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Sterling Resists the Negative Pressure near 1.6060 Ahead of BoE Inflation Report Hearings

10/09/2014 06:49

Sterling is continuing to push lower (-2.91%) against the dollar since the opening of this month, although it’s continuing to struggle around the 1.6064 barrier. All eyes will now shift to the I »

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Pound hurts by Polls, BoE Carney is next

09/09/2014 06:35

GBP/CHF has been moving in a short-term downtrend as is confirmed by the descending trend line and by the fact that the 50-hour SMA lies below the 200-hour SMA on the 4-hour chart. However, during the »

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EUR/GBP picking itself off the floor

08/09/2014 07:55

The euro gapped higher during the Asian morning versus the sterling, amid worries about political uncertainty after an opinion poll showed supporters of Scottish independence from Britain taking the l »

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GBP/USD Keeps the Downtrend Intact Ahead of BoE Meeting

04/09/2014 06:37

The Sterling is looking quite bearish against the US dollar following the aggressive sell-off after a mixed UK and US data, including a drop in manufacturing growth and Mortgage Approvals. In addition »

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EUR/CAD Levels to Watch Ahead of the BoC Meeting

03/09/2014 06:20

Yesterday, the Euro was finally able to recover against the Canadian dollar and is currently pursuing its course this morning with a high at 1.4360. The longer term bias in the market certainly appear »

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Week Ahead: Commodities Analysis - GLD, SLV, USO

02/09/2014 08:49

Precious metals markets have been showing weakness in recent trading sessions and both the SPDR Gold Trust ETF (NYSE: GLD) and iShares Silver Trust ETF (NYSE: SLV) have fallen to new quarterly lows in »

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AUD/USD under Bearish Pressure after RBA

02/09/2014 06:44

The Australian dollar fell against the US dollar after the Reserve Bank of Australia held its key interest rate unchanged at 2.5%. The AUD/USD pair came under pressure during the Asian session and fel »

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EUR/USD Levels to Watch Ahead of ECB and NFP

01/09/2014 09:43

The single currency is trading slightly higher the last couple of days against the US dollar, as it looks to make its way back towards the 13170 area. Nonetheless, there is important economic data fro »

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Monday 1st Sept Two In Two

01/09/2014 07:20

Here is Monday's review of the two most popular currencies in 2 minutes. Bought to you by Kym Watson, EzeeTrader 1) EUR/USD 2) GBP/USD  »

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NZD/USD adds more pressure to the upside

28/08/2014 07:13

The NZD is still struggling to break above the psychological level of 0.8400 against the US dollar, where the 50-period SMA, previous support level and the descending trend line combine to provide sig »

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USD/JPY Bulls Take a Brief Pause above 103.75

27/08/2014 07:06

The dollar remains stuck in a range versus the yen between the strong resistance level of 104.30 and the 103.50 barrier. Last week we saw a break attempt on both sides, but both failed highlighting th »

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CAC40 Keeps a Clear Bullish Trend

26/08/2014 07:55

CAC40 rebounded from the 50-period moving average on the 4-hour chart, slightly below the descending trend line, and made a sharp move upwards successfully penetrating our target at 4300, ending the w »

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EUR/AUD Still Looking Bearish

25/08/2014 09:43

The Euro is looking bearish trading lower against the Australian dollar on the daily chart, after finding strong resistance from the descending trend line near the key resistance level of 1.4565. &nbs »

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USDJPY and GOLD Intraday: Elliott Wave Analysis

22/08/2014 10:02

USD/JPY is in nice uptrend in this week, trading higher stocks, so it may be a time to join the uptrend after any corrective retracement. A new set-back is already here it seems; we are looking at wav »

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USD/CHF Rebounds within a Bullish Formation

19/08/2014 09:22

USD/CHF moved higher the last couple of days, while remaining in the downward sloping channel as you can see on the 4-hour chart. This channel, can be translated as a technical correction of the trend »

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DAX index picking itself off the floor

18/08/2014 07:38

DAX index is continuing to push higher after rebounding from the psychological support level of 8900. Following the strong sell-off on the index few days ago from the 9630, it managed to pick itself o »

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EUR/USD remains under pressure ahead of CPI

14/08/2014 08:00

The euro remains under strong pressure against the dollar, and if Eurozone GDP and CPI readings miss expectations, we could see further pressure towards the psychological level of 1.3000. Eurozone GDP »

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EUR/USD & USD/CHF Intraday Analysis

13/08/2014 11:49

The markets are slow again, so nothing has changed. We see USD in uptrend that can extend more against the EUR and CHF in the sessions ahead. Commodity currencies are in some bigger corrections, but a »

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WTI to Resume or Reverse?

11/08/2014 08:47

West Texas Intermediate crude has been trading within a clear negative trend, establishing clear lower lows and lower highs since it reached the 108.00 level, dated back on June 25. However, last week »

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Weekly Dollar Update – August 04-08, 2014

08/08/2014 05:41

Markets will be seeing some important macro data during the middle part of the week.  In the US, we will see more evidence on the state of the manufacturing sector.  In other areas, the ofte »

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EUR/USD Key Levels to Watch Ahead of ECB Meeting

07/08/2014 07:01

Yesterday, the Euro was finally able to recover against the US dollar and is currently pursuing its course this morning with a high at 1.3391. The longer term bias in the market certainly appears to b »

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Facebook in a Bull-Flag Pattern Correction

06/08/2014 07:25

The Facebook stock moved lower the last couple of days, closing the gap that opened on June 24. However, the stock is still in a clearly defined uptrend in the long term. Furthermore on the 1-hour cha »

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CAC40 fails to hold above 4260; weakness may extend

05/08/2014 07:56

The CAC40 is looking weak at the moment as the index is moving in a downward sloping channel since the middle of June 2014. The rally after testing the upper boundary of the channel was very aggressiv »

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NZD/CHF positioned for a rally!

04/08/2014 17:06

For our today’s article we have chosen to present you the NZD/CHF currency cross. What we could see on a daily basis is very well formed bullish channel structure and currently the quotes are re »

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The Week Ahead: NZD/USD A Pause In Selling

04/08/2014 10:41

Bearish movement in the NZDUSD cooled down last week. The week prior, RBNZ Governor Graeme Wheeler expressed that the value of the New Zealand Dollar was unjustifiable and unsustainable. This encourag »

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The Week Ahead: USD/JPY Unsuccessful Attempt To Surpass 103

04/08/2014 09:38

The USDJPY was the surprise mover last week. The USD recorded ten days of successive gains against the JPY, surpassing the nine days of consecutive gains last seen in March 2005.  The major econ »

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The Week Ahead: GBP/USD Declining Further

04/08/2014 09:35

Last week, the GBPUSD continued its recent decline. Both the announcement that UK Mortgage Approvals increased more than forecast, and UK house prices rising by around an annualised 10% encouraged fur »

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The Week Ahead: EUR/USD

04/08/2014 09:30

As last week commenced, the EURUSD continued to move towards the downside and recorded another yearly low (1.3366) in the process. This occurred shortly after the United States Q2 GDP estimate surpass »

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AUD/NZD facing solid resistance!

31/07/2014 20:12

AUD/NZD currency cross is presenting very good bearish opportunity on the daily chart. The quotes are confirming a serious horizontal resistance represented by the level 1.1033. Furthermore on a daily »

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Crude OIL and USDCAD Elliott Waves: Lower OIL Supports For Higher USDCAD.

31/07/2014 11:36

The USD is up across the board, but not so much against the EUR and CHF, while commodity currencies are the weakest as expected. We can also see a sharp wave down on crude oil that goes against the CA »

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NZD/JPY rebounds from major support!

30/07/2014 17:27

Today we have chosen to present to you the NZD/JPY currency cross daily chart. From our point of view the pair presents very strong opportunity for bullish rally. Fundamentally the RBNZ hiked its main »

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Daily Stock Analysis: S&P 500, FTSE 100, DAX

29/07/2014 18:33

DAX (Chart Source:  CornerTrader) After forming a high of 10048 a couple of weeks, the index has consistently been drifting lower forming a series of lower lows and lower highs in the process »

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EUR/RUB close to major resistance!

29/07/2014 15:08

For our today analysis we have decided to present the exotic EUR/RUB currency cross. This is very conflict pair and traders tend to stay away from it due to the political situation in Ukraine and the »

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AUD/USD climbing up!

28/07/2014 15:04

AUD/USD currency pair is rebounding once again from the major diagonal support on a daily basis and the price action suggest for further continuation of the bullish push. We can clearly see quotes str »

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Nikkei 225 to break 15500; made three attempts to break higher

24/07/2014 09:22

Nikkei 225 index remained trapped in a tight range, roughly around 15300, whilst moving down to the key support of 15020 and up to 15500. Over the last couple of months, the index has moved aggressive »

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NZD/USD levels to watch ahead of RBNZ Policy Meeting

23/07/2014 06:39

The New Zealand dollar is looking pretty strong against the US dollar ahead of the RBNZ Policy meeting. The market expects the Reserve Bank of New Zealand to increase the Official Cash Rate (OCR) by 0 »

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Gold & German DAX IntraDay

22/07/2014 10:02

We see US stocks indices in bullish mode so looking down on gold makes sense based on the latest negative correlation. Metal has turned nicely down from 1324 at the end of last week and then continued »

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Are USD/TRY Bulls Back?

22/07/2014 08:12

The US dollar is continuing to grind higher against the Turkish lira the last couple of months, although it is still struggling to break back above the strong resistance zone of 2.1565 – 2.1715. »

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AUD/JPY Going to Rally!

21/07/2014 15:22

AUD/JPY currency pair is rebounding from major diagonal support on a daily basis. We can clearly see the quotes rebounding from 94.40 and this combined with the strong bullish candle is a signal for f »

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GBP/AUD forming a 'Flag'!

18/07/2014 16:56

It seems like the GBP/AUD currency cross is finishing a flag formation and today’s daily price action suggests fr continuation of the bearish trend. We can clearly see the range/bullish channel »

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Elliott Wave Intraday Swings For EURUSD & German DAX

17/07/2014 11:04

Below we have the EURUSD which is also in a fourth wave that may found resistance around 1.3550/1.3560 area. Be aware of a new leg down from there into wave v of iii). Invalidation level is around 1.3 »

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WTI Crude oil well supported, attempting 105.00

17/07/2014 09:21

WTI Crude oil found strong support at the 98.80 level and rebounded higher moving aggressively above the 101.55 level. In addition, crude oil managed to move above the 200-period moving average on the »

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USD/CHF Rallying Up!

16/07/2014 16:57

USD/CHF currency pair is trading in a bullish channel formation and the quotes have confirmed the horizontal support located around 0.8920. From technical point of view the quotes have confirmed a fla »

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Gold reverse and falls below $1332

15/07/2014 08:48

The yellow metal collapsed during Monday’s trading session marking the biggest one-day drop for a nearby futures contract since December 2013. Gold plunged 2.5% to 1303 an ounce. The metal is ed »

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EUR/USD rebounds from resistance once again!

14/07/2014 19:09

From one of our prior articles we have talked about the EURUSD trend and currently we see a signal for confirmation of the bearish bias for the cross. The price has rebounded for a fourth time of the »

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AUD/USD Going Down

11/07/2014 16:18

For our today analysis we have chosen to present you the AUD/USD currency cross. We can clearly see that the price has been forming a bearish channel formation and based on the price action there is h »

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Weak AUD or Strong CAD

10/07/2014 08:33

The Australian dollar fell against the Canadian dollar after official data showed the unemployment rate in Australia rose more than expected, to 6.0% in June. This morning’s sell-off came follow »

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EUR/USD Daily Overview

09/07/2014 17:08

For our today analysis we have chosen to present the EUR/USD currency pair. What we can see is that on a daily basis the price is trying to build a bearish channel formation and as long as the quotes »

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FTSE MIB Ready For Pullback

08/07/2014 06:33

FTSE MIB fell sharply after posting an all-time high at 22570, as the bulls were unable to hold onto the gains above the key support level of 21900. However, the index is still in a clearly defined up »

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Strong bearish wave for EUR/NOK!

07/07/2014 16:34

For our today’s article we have chosen to present the EUR/NOK currency pair because the cross presents very strong technical patterns for bearish wave coming on the way. As we all know the bigge »

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Could US CPI Drive Gold Higher?

05/07/2014 19:52

Could US CPI Drive Gold Higher? Since 2008, we have seen evidence of a consistent economic recovery both in the US and around the world.  These positive trends have some drastic implications for »

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AUD/JPY presents strong bullish opportunity!

02/07/2014 16:16

For this article we have chosen to present you an analysis based on the daily AUD/JPY chart. We have chosen this particular pair because there is an opportunity for a big trendy move. Looking at the d »

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DJIA still in bullish bias!

30/06/2014 15:23

On a daily basis the Dow Jones Industrial Average has formed a very well structured bullish channel and as long as the quotes are trading above the support located at 16750 we expect the up movement t »

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NZD/JPY presents Opportunity!

24/06/2014 08:30

NZD/JPY currency cross is hitting solid daily resistance and based on the price action we expect a bearish push to be coming on the way.  Fundamentally last night Kuroda kept the enthusiasm high »

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EUR/USD well supported, attempting the 1.3675 and 1.3780 hurdles

19/06/2014 09:04

The single currency has risen for a second consecutive day against the US dollar, after rebounding from the key support level of 1.3500 (S1). Currently, the euro is trading close to a weekly high, sli »

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The Japanese Yen's Surprising Stall

17/06/2014 13:53

  • Economic Situation More Palatable For Policy Makers
  • Japan Faces a minor impediement
  • Tensions Sour Relations Between Major Economies

The Japanese Yen’s purported demise coming into 2014 has yet to play out writes Christopher Vecchio, DailyFX Analyst. Even as global equity markets around the world streak to fresh all-time »

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Gold under Pressure Ahead of FOMC Meeting

17/06/2014 09:08

The precious metal has fallen for a second day retreating from a 3 week-high, with the bulls finding a temporary support at the 1263 (S1) level. The yellow metal slipped -0.98% (XAU/USD) after most As »

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EURO Confirms Bullish Bias!

16/06/2014 19:20

EUR/USD currency pair is confirming the bullish rebound on a daily basis. Last week we saw quotes dropping down close to the 1.3500 major horizontal support. However, the support halted the move and c »

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DJIA close to important support!

13/06/2014 16:38

Today’s article would be devoted to Dow Jones Industrial Average and the technical situation on the 4h chart.  Last week we saw a new all-time high for the index after good NFP report from »

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Brent Crude Oil Squeezed in a Triangle Formation

12/06/2014 09:32

The Brent Crude Oil has been trading in a symmetrical triangle formation since April 2012, following the aggressive sell-off in early part of 2012. However, the commodity remains stuck in a range the »

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EUR/USD Bullish Opportunity!

11/06/2014 16:02

We devote our today analysis on the EUR/USD currency pair due to an opportunity which we see the chart is providing.  First of all we would like to point that the European Central Bank lowered i »

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GBP/USD well supported, attempting the 1.6845 hurdle

10/06/2014 07:16

GBP/USD moved higher during the early European morning session, while remaining in the downward sloping channel as you can see on the 4-hour chart. This channel, can be translated as a flag formation »

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GBP/USD Daily Overview

09/06/2014 14:42

Daily Overview of GBP/USD currency cross: The pair has been trading in a bullish channel like structure for the last couple of months but recently the quotes have dropped and broke the main diagonal »

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Basics of Online Options Trading

06/06/2014 10:39

Basics of Online Options Trading In recent years, positive trends in consumer credit activities have helped create major shifts in the tendency to place retail investment trades online, rather than o »

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Markets Morning Report

05/06/2014 08:09

05/06/2014: The calm before the storm as traders wait on ECB day

 

  • Despite very slight new all-time highs on Wall Street, European trading is very flat as traders sit on their hands ahead of the ECB
  • Slight dollar weaknes as the yen starts to gain once more
  • Watch for ECB rates and Draghi's press conference, Bank of England rates and Weekly Jobless Claims

Market Overview So finally the day arrives that the markets have seemingly spent much of the past fortnight waiting for. The ECB today announces its latest monetary policy and hopefully with it, the »

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EUR/USD Key Levels Ahead of ECB

05/06/2014 06:47

The pair remains stuck in a range between 1.3585 (S1) and 1.3650 (R1). Last week we saw a break attempt on both sides but both failed, highlighting the fact that the markets are cautious ahead of the »

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Markets Morning Report

04/06/2014 08:11

04/06/2014: Caution starting to erode equities as the dollar remains in favour

 

  • Equities losing upside momentum as investors become increasingly cautious - Wall Street slightly lower, with Asia markets mixed and European markets opening lower
  • US dollar continues to strengthen against major forex currencies
  • Watch for UK Services PMI, US ISM Non-manufacturing and also the ADP employment report

Market Overview Markets have become increasingly cautious as the week has progressed. This is in front of what could be a potentially profound ECB monetary policy meeting and not forgetting Non-farm »

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GBP/USD Keeps the Downtrend Intact for now Ahead of BoE Meeting

03/06/2014 08:45

The Sterling is looking quite bearish against the dollar following the aggressive sell-off a week ago after the disappointing UK mortgage data in April. Technically speaking, this enabled the pair to »

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Markets Morning Report

03/06/2014 08:13

03/06/2014: Traders option for caution ahead of the crucial Eurozone flash CPI

 

  • Chinese services PMI at a 6 month high, whilst the RBA keeps rates on hold in Australia
  • Wall Street creeps to another all time high, helping Asian markets higher, but caution the more taking over European trading
  • Watch out for the Eurozone Flash CPI at 10:00BST

  Market Overview Yet another closing high on Wall Street last night (albeit only slight gains) has encouraged traders in Asia once again. The Nikkei 225 was also buoyed once again by the susta »

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Markets Morning Report

02/06/2014 09:45

02/06/2014: Chinese manufacturing data boosts indices, with the dollar bulls in early control

 

  • China official Manufacuring PMI beats expectations qith equity markets reacting positively
  • Dollar bulls are fighting back today after Friday's correction
  • Gold remains under pressure
  • Watch for Manufacturing PMIs throughout the day

Market Overview Sentiment already buoyed by Wall Street closing at record highs on Friday was given a further boost over the weekend with the announcement of better than expected Chinese manufacturin »

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Markets Morning Report

30/05/2014 08:17

30/05/2014: Another cautious day beckons as the month draws to a quiet close

 

  • Wall Street closes at another all time high leading to gains in Asia. European markets are starting with a cautious tone.
  • Dollar Index beginning to fall away as Sterling recovers and yen continues to strengthen again.
  • Watch for Canadian GDP and Michigan sentiment this afternoon

Market Overview Wall Street posted new all-time highs once more yesterday, despite the disappointing GDP revision for the first quarter. These new highs helped Asian markets to post gains overnight. »

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Markets Morning Report

29/05/2014 08:15

29/05/2014: Equity markets still cautious as US dollar and Treasuries break key levels

 

  • Equity markets continue to struggle to make big ground, held back by the preference of US Treasuries
  • Dollar Index breaks out but is showing a slight retracement today
  • Watch for US GDP, weekly jobless claims and Pending Home Sales

Market Overview Following a day light on economic data, equity markets remain very cautious as Wall Street indices closed lower across the board. The apprehension filtering through to Asian markets w »

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EUR/JPY Trading in a Triangle Formation on the Daily Chart

27/05/2014 08:55

The euro has risen for a fifth day out of the last six versus the Japanese yen, after rebounding from the key support level of 138.15 (S1), ahead of some significant data out of the Eurozone and Japan »

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Markets Morning Report

23/05/2014 08:12

23/05/2014: Trading is cautious once again as the bank holiday weekend approaches

 

  • Wall Street struggles to gain momenutm, leaving Asian markets mixed and European trading also very cautious
  • Euopean elections and a flare up in tensions in Ukraine are also seeing forex markets uncertain
  • Watch for German Ifo, Canadian GDP and US New Home Sales

Market Overview Wall Street failed to really capitalise on a strong previous session and closed with only minor gains yesterday. The VIX index is now becoming something to keep an eye on as although »

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Markets Morning Report

22/05/2014 08:15

22/05/2014: A dovish Fed and positive Chinese manufacturing sees investor sentiment improve


  • Wall Street and Asian markets wpositive overnight with European indices also showing gains after dovish FOMC meeting minutes and Chinese flash PMI jumps to a five month high.
  • Forex trading shows slight dollar strength today with the exception of a stronger Aussie
  • Watch for teh Eurozone PMIs, a second reading of UK GDP and US wekly jobless claims

Market Overview Investor sentiment has taken a double shot in the arm overnight as first a dovish set of Fed meeting minutes was followed up by the improved  HSBC China manufacturing PMI data. W »

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Markets Morning Report

21/05/2014 08:08

21/05/2014: Confidence in equities continues to ebb away as the yen strengthens on BoJ

 

  • Wall Street decline and Asian caution leads to early weakness in European trading
  • Bank of Japan stands pat which has strengthened the yen in early European trading
  • Watch for BoE and FOMC meeting minutes, plu UK retail sales

  Market Overview With US treasury yields continuing to fall away, a disappointing close on Wall Street which saw the Dow Jones Industrial Average, S&P 50 and NASDAQ all in decline was driven b »

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Markets Morning Report

20/05/2014 08:36

20/05/2014: Markets continue to consolidate, with an eye on UK inflation

 

  • Consolidation takes hold of the markets with little economic data to drive
  • Equity markets trading flat today despite gains on Wall Street
  • Forex trading is also fairly mixed today, although Sterling is firmer ahead of UK inflation today

Market Overview There was another day of light gains on Wall Street which also came with light volume. This gave Asian markets a slightly positive outlook, despite the declaration of martial law in B »

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DAX 4h Overview

16/05/2014 14:14

DAX is rebounding from major horizontal support level on an hourly basis and from technical point of view we expect the bulls to continue pushing. Today is the last trading day of the week but the sol »

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Markets Morning Report

16/05/2014 08:10

16/05/2014: Markets looking relatively calm after yesterday’s reversal, but can it last?

 

  • Bond markets increasingly being looked at for clues on market direction
  • Equity markets showing only minor losses in early trading, while forex pairs are also fairly calm with only the Aussie and Kiwi dollars showing slight losses
  • Focus on US housing data and Michigan sentiment

Market Overview Markets had a huge reversal of sentiment yesterday as disappointing growth numbers in Europe was followed by a weaker than expected housing market index in the US. Positive weekly job »

Markets Morning Report

15/05/2014 08:09

Morning Report: Traders are cautious ahead of key Eurozone and US inflation data

 

  • Investor sentiment takes a step back as bond yields continue to fall away
  • European equities are mixed at the open, with FTSE 100 breaking to a 14 year high
  • Forex trading shows the dollar strengthening as European trading takes over
  • Watch for European GDP data throughout the morning, with Eurozone CPI and US CPI both being in focus.

Market Overview Investor sentiment retreated yesterday with Wall Street indices pulling back from their all-time highs with the S&P 500 around half a percent lower, and the VIX index of volatility pu »

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Markets Morning Report

13/05/2014 08:16

13/05/2014:  Indices breaking to new high ground as investors look past the geopolitics

 

  • Wall Street closing at all time highs, helping Asia higher, with European markets als positive
  • Positive sentiment in forex also as major pairs trade higher, only exception being the weaker Aussie dollar
  • Watch for German ZEW Economic Sentiment and US Retail Sales

  Market Overview Almost in a manner just to confirm that equity markets are now in apparent denial of any interest in geopolitical events in Ukraine, Wall Street markets closed at all time hig »

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WTI made three attempts to break higher

13/05/2014 07:19

We are seeing a bit of recovery in the WTI in the last couple of days, following an aggressive sell off from 14 April to 29 April when the price fell from 105.00 to 99.80. The price rebounded from the »

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Markets Morning Report

12/05/2014 08:09

12/05/2014: Traders start the week with a positive outlook despite divisive Ukrainian vote

 

  • Traders currently taking the vote for independence in Donetsk in their stride
  • Improved risk appetite in forex pairs with equity markets also higher
  • No major economic data due

  Market Overview Once more on Friday, Wall Street managed to eek out very minor gains to push indices higher, but the tentative nature of trading suggests caution still remains. The geopolitic »

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Markets Morning Report

09/05/2014 08:12

09/05/2014: Trading sentiment once more cautious as divisive referendum in Ukraine approaches

 

  • Selling pressure on the Euro continues after Draghi's dovish comments yesterday
  • Investors seem cautious ahead of what could be a crucial referendum in eastern Ukraine appears set to go ahead
  • Watch for UK Manufacturing Production

  Market Overview Wall Street posted a subdued close last night with concerns that Putin’s apparent pullback on rhetoric will not be enough to stop a referendum in eastern Ukraine from ta »

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Markets Morning Report

08/05/2014 08:11

08/05/2014: Traders to focus on whether Draghi can jawbone the Euro lower

 

  • Investor sentiment has improved with supportive comments from Yellen, calming comments from Putin and positive Chinese trade data
  • US dollar is under a bit of pressure again this morning, whilst European stock markets are showing slight gains
  • Focus will be on Mario Draghi's press conference this afternoon, with the Bank of England rates and weekly jobless claims also on the agenda

  Market Overview A series of positive key macro news has given investor sentiment a lift in the past 24 hours, with supportive comments from Janet Yellen, a conciliatory tone from Putin and un »

Markets Morning Report

07/05/2014 09:11

07/05/2014: Janet Yellen back in the spotlight as flight to safety grips investors once more

 

  • Japanese yen continues to strengthen amid a flight to safety
  • European equities open just under half a per cent lower
  • Watch for Janet Yellen's testimony today at 15:00BST

Market Overview The prospect of all out civil war in Ukraine appears to be growing ever more possible by the day now and investors looked to lock in profits on Wall Street last night. This attitude o »

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Markets Morning Report

06/05/2014 08:13

06/05/2014: The dollar is once again under pressure as stocks show minor gains

 

  • The Dollar is under pressure once more this morning with Euro and Sterling making good gains
  • Equity markets flat to slightly higher
  • Watch for Services PMIs from the Eurozone and UK, along with the US trade balance.

  Market Overview After the jump in Non-farm Payrolls on Friday, investors on Wall Street were yesterday able to put aside the concerning aspects of the payrolls report (lack of progress in hou »

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Markets Morning Report

02/05/2014 08:09

02/05/2014: Traditional consolidation takes over as traders wait for the Payrolls data

 

  • Slight dollar strength in front of crucial Non-farm Payrolls
  • Equity markets with a slight negative bias, but basically consolidating
  • Watch for EUrozone PMIs, UK Construction PMI and Non-farm Payrolls

  Market Overview Once more there has been a mixed trading session in Asia, after trading on Wall Street gave very little steer. The Nikkei  traded slightly lower, despite the slight weakn »

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Markets Morning Report

01/05/2014 08:10

01/05/2014: Traders turn to PMIs with markets still choppy and data driven

 

  • Dollar remains weaker as risk appetite improves, Euro and Sterling driving higher. Gold and silver under pressure again
  • FTSE 100 slightly higher, DAX and CAC closed.
  • Many markets closed for May Day

  Market Overview Last night saw a record close on the Dow Jones Industrial Average as investors put aside the disappointment of the weaker than expected (and backward looking) US GDP data to l »

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Markets Morning Report

30/04/2014 08:07

30/04/2014: Yen strength and lower equities suggests caution ahead of a big day of data

 

  • Slight yen strength with the US dollar also slightly positive in forex trading today
  • Equity markets cautious with slight losses
  • Traders appear to be waiting for the huge data releases today with Eurozone inflation, US GDP and FOMC the highlights

  Market Overview With a round of solid gains and another decline in the VIX index of volatility, Wall Street served up a reasonable handover. However Asian markets have been unable to decisive »

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Markets Morning Report

29/04/2014 08:04

29/04/2014: Traders get ready for increased volatility as UK GDP begins a string of key macro announcements

 

  • Euro and Sterling make ground against the Dollar
  • Stock markets pushing higher 
  • Watch for UK GDP in addition to EUrozone and US consumer confidence

  Market Overview The increase in sanctions thrust upon Russian individuals and companies resulted in a cautious session on Wall Street resulted in just tentative gains for the S&P 500. This mo »

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Markets Morning Report

25/04/2014 08:07

25/04/2014: Traders faced with choppy markets as geopolitical events once more take over


  • Tensions in eastern Ukraine escalating as Russia engages in military exercises near the border
  • Equity markets are under pressure again, while forex pairs are broadly flat
  • Watch for UK Retail Sales and University of Michigan consumer sentiment 

 

Market Overview Wall Street endured another struggle into the close last night as tensions in Ukraine continue to drag on markets. Trading in the Asian session was mixed with geopolitical concerns ma »

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Markets Morning Report

24/04/2014 10:00

24/04/2014: Dollar recovery seems to have run out of steam as the yen strengthens

 

  • Wall Street drags, but Apple and Facebook both beat expectations after hours to boost equities.
  • Dollar rally has lost momentum and is now threatening a correction again
  • Watch for German Ifo and weekly jobless claims 

Market Overview After an uninspiring session yesterday, last night’s slightly negative handover from the Wall Street on the back of weaker than expected housing data suggests more of the same t »

Markets Morning Report

23/04/2014 09:09

23/04/2014: Forex and indices flat after Chinese manufacturing slightly better than expected

 

  • Chinese flash Manufacturing PMI slightly improves, Aussive CPI lower than expected
  • European indices flat to slightly lower as investors pause for breath after strong recent moves
  • Watch for BoE meeting minutes, Eurozone flash PMIs and RBNZ rates this evening

Market Overview Wall Street has once again given a positive handover after a sixth consecutive higher close amid a series of strong M&A news from the pharmaceuticals sector. Despite this, Asian marke »

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Markets Morning Report

22/04/2014 08:08

22/04/2014: Traders return from the Easter break with a cautious skew to forex trading

  • Yen regains some ground with the dollar under a bit of pressure early on
  • European markets playing catch-up today
  • US housing data watched


Market Overview Despite the slight gains on Wall Street last night, driven by positive results for Netflix, Asian trading was extremely cautious overnight with a mixture of flat to slight losses. The »

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Markets Morning Report

15/04/2014 08:13

15/04/2014: Dollar continues to improve with focus turning to inflation data, as equities find some support

 

  • US Dollar making gains against the Euro and Sterling today
  • Equity markets slightly weaker in early trading
  • Forex trading to be impacted by the CPI data from the UK and US today
  • Asian markets mixed ahead of the crucial Chinese growth data overnight tonight

Market Overview Investors were given some respite from the recent selling pressure on Wall Street as a minor recovery was seen yesterday. US retail sales of +1.1% for March was the strongest month on »

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Markets Morning Report

14/04/2014 08:24

14/04/2014: Geopolitical tensions in Ukraine threaten a flight to safety once more with the dollar finding support.

 

  • Tensions in the Ukraine mounting once more
  • Dollar is beginning to find support and break its trending sell-off against major currencies
  • Equities markes continue to decline
  • Watch for: US Retail Sales (13:30BST)

Market Overview After yet more losses on Wall Street on Friday, Asian markets were mixed on Monday. The S&P 500 lost almost another per cent with weak results from JP Morgan, the first of the big ban »

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Hantec Markets Morning Report

11/04/2014 08:02

11/04/2014: Weakness on Wall Street is a concern, while the dollar shows tentative signs of support

  • Equities remain under significant pressure
  • US dollar is showing signs of support
  • No major data this morning until University of Michigan sentiment at 14:55BST

Market Overview The significant sell-off on Wall Street yesterday does not bode well for risk appetite for the European session. The S&P 500 fell over 2%, while a 3.1% decline on the NASDAQ was its b »

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Trading outlook ahead of the US session

10/04/2014 12:31

  • Dollar remains under pressure
  • Euro/Dollar and Cable are now buys into weakness
  • Indices are fluctuating today but should still be medium term buys.

It has been a mixed morning for the US dollar as traders look to re-assess following the Fed meeting minutes yesterday evening. Whilst it remains weak against the euro, the yen, Swiss franc and Aussie »

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Euro/Dollar outlook

10/04/2014 10:11

  • A big turnaround for the Euro in recent days
  • Dollar weakens on Fed minutes.
  • STRATEGY: Look to buy a correction into the support band $1.3820/$1.3835

The outlook for the Euro has now changed from one where rallies were being sold into, to now be one where the rate is advancing on a near to medium term basis. EUR/USD has continued to significantly i »

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Video Analysis: GOLD - Big Moves Yesterday

05/12/2013 08:05

Reversal pattern in Gold this week, signals a short term recovery to unwind oversold stochastic.... »

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Video Analysis: Cable Drops Below 2.5yr Trend Line

21/11/2013 10:26

GBP/USD analysed by Jason Sen, as cable drops below the 2 & a half year trend line as expected & should start to trend lower. »

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Elongated Flats

19/11/2013 19:43

- early signs of triangular consolidation - Under the corrective waves, flats are one of the most common types of correction. There are many types of flats (common, irregular, with the c wave failure »

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FXSnip: GBP/AUD To Rise To Buy Target At 1.7500

06/09/2013 07:12

  • GBP/AUD Rises Inside Extended -wave
  • Next Buy Targets At: 1.7500 And 1.8000
  • Long Entries Can Be Protected With The Stop-loss Below 1.7000.

GBP/AUD Rises Inside Extended Ⓒ-wave GBP/AUD continues to rise inside the extended Ⓒ-wave of the primary ABC correction from the start of 2012. This ABC correction follows the clearly formed long »

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FXSnip:AUD/JPY to rise to buy target at 92.70

04/09/2013 08:50

  • AUD/JPY Completes Primary ABC Correction
  • Next Buy Targets At: 92.70 And 97.50
  • Buy Stop-loss Can Be Placed Below 88.50.

AUD/JPY Completes Primary ABC Correction AUD/JPY continues to rise after the recent completion of the primary ABC correction to the predominant uptrend visible on the daily and the weekly charts. The »

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FXSnip: AUD/NZD to fall to 1.1200

02/09/2013 08:53

  • AUD/NZD Completes Minor ABC Correction
  • Next Sell Target At 1.1200
  • Protect Short Entries With The Stop-loss At 1.1600

AUD/NZD Completes Minor ABC Correction AUD/NZD continues to fall in line with the strong long-term downtrend that can be seen on the daily and the weekly AUD/NZD charts. The pair recently corrected d »

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FXSnip:EUR/AUD Reverses From Resistance Level 1.5000

30/08/2013 09:07

  • EUR/AUD Reverses Down From Strong Resistance At 1.5000
  • Next Sell Target At 1.4200
  • Close Sell Stop-loss Can Be Placed Above 1.5000

EUR/AUD Reverses Down From Strong Resistance At 1.5000 EUR/AUD recently reached the target level 1.5000 that was set in our earlier report on this currency pair. Due to the strength of the resistance »

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FXSnip: GBP/CHF to Fall to Sell Target 1.4000

28/08/2013 08:54

  • GBP/CHF Reverses From Strong Resistance Area Near 1.4600
  • Next Sell Target At 1.4000
  • Short Entries Can Be Protected With The Stop-loss Above 1.4600

GBP/CHF Reverses From Strong Resistance Area Near 1.4600 GBP/CHF continues to fall inside the third intermediate impulse wave (3) – In line with the predominant downtrend visible on the daily a »

FXSnip: USD/SGD to rise to 1.2860

26/08/2013 09:07

  • USD/SGD Breaks Minor ABC Correction
  • Next Buy Targets: 1.2860 And 1.3000
  • Buy Stop-loss Can Be Placed Below 1.2760

USD/SGD Breaks Minor ABC Correction USD/SGD continues to rise inside the C-wave of the extended weekly ABC correction from the end of last year. After having recently reached the forecast price 1.280 »

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FXSnip:GBP/JPY Breaks Daily Triangle

23/08/2013 08:28

  • GBP/JPY Breaks Daily Triangle
  • Next Buy Targets: 157.00 And 163.00
  • Strong Support Area Around 147.50

GBP/JPY Breaks Daily Triangle GBP/JPY continues to rise after the recent breakout of the two consecutive resistance levels – the downward sloping resistance trendline of the daily Triangle from »

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FXSnip:CHF/JPY to rise to 107.00

21/08/2013 08:23

  • CHF/JPY Rises After Completing Intermediate ABC Correction
  • Next Buy Targets: 107.00 And 108.00
  • Strong Support Area Around 104.00

CHF/JPY Rises After Completing Intermediate ABC Correction CHF/JPY continues to rise after the recent completion of the clear intermediate ABC correction. The C-wave of this ABC correction stopped re »

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FXSnip:NZD/JPY Breaks Daily Triangle

19/08/2013 09:00

  • NZD/JPY Breaks Daily Triangle
  • Next Buy Targets: 80.50 And 86.00
  • Strong Support At 76.70

NZD/JPY Breaks Daily Triangle NZD/JPY has just broken up above the resistance trendline of the daily Triangle from April of this year – as you can see on the next NZD/JPY chart below. This Tria »

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EUR/JPY Completes Intermediate ABC Correction

16/08/2013 10:04

  • EUR/JPY Completes Intermediate ABC Correction
  • Next Buy Target At 134.00
  • Protect Long Entries With The Stop-loss Below 128.50

EUR/JPY Completes Intermediate ABC Correction After recently nearly reaching the target level 134.00 that was given in the earlier report on this currency pair – EUR/JPY recently corrected down »

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FXSnip: SGD/JPY to Rise to 80.00

14/08/2013 09:58

  • SGD/JPY Rises After Completing Intermediate ABC Correction
  • Next Buy Targets: 80.00 And 82.5
  • Place Buy Stop-loss Below 75.00

SGD/JPY Rises After Completing Intermediate ABC Correction SGD/JPY continues to rise after the recent completion of the intermediate corrective wave (2) of the currently active third primary impulse »

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FXSnip:EUR/GBP to rise to 0.8750

12/08/2013 08:28

  • EUR/GBP Trades Close To Support Level 0.8600
  • Next Buy Target At 0.8750
  • Buy Stop-loss Can Be Placed Below 0.8600

EUR/GBP Trades Close To Support Level 0.8600 EUR/GBP is currently trading close to the top of the previous congestion zone set between price levels 0.8470 and 0.8600 (which has previously contained t »

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FXSnip: USD/HKD to Fall to 7.7530

09/08/2013 08:58

  • USD/HKD Falls After Completing Primary ABC Correction
  • Next Sell Targets: 7.7530 And 7.7500
  • Sell Stop-loss Can Be Placed Above 7.7600

USD/HKD Falls After Completing Primary ABC Correction USD/HKD continues to fall after the recent reversal from the combined resistance area (encircled on the daily USD/HKD chart below) made out of th »

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USD/JPY to Fall to Sell Target 96.00

07/08/2013 07:40

  • USD/JPY Falls Inside Intermediate ABC Correction
  • Next Sell Targets: 96.00 And 94.00
  • Strong Resistance At 100.00

USD/JPY Falls Inside Intermediate ABC Correction USD/JPY continues to fall within the daily Triangle from February of this year.  The top of this Triangle formed when the previous first primary »

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FXSnip:EUR/CAD Trading Near Resistance Level 1.3800

05/08/2013 08:46

  • EUR/CAD Trades Close To Resistance Level 1.3800
  • If 1.3800 Is Broken - Next Buy Targets: 1.4000 And 1.4300
  • If 1.3800 Holds - Possible Retest Of Support Zone Around 1.3400

EUR/CAD Trades Close To Resistance Level 1.3800 EUR/CAD has been rising in the last few trading sessions – after the reversal from the support zone close to support level 1.3400 (which is the b »

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FXSnip:AUD/USD to fall to 0.8500

02/08/2013 09:24

  • AUD/USD Reverses Down From Resistance Level 0.9300
  • Next Sell Targets: 0.8500 And 0.8000
  • Short Entries Can Be Protected By Close Stop-loss Above 0.9300

AUD/USD Reverses Down From Resistance Level 0.9300 After a few days of consolidating below the strong resistance level 0.9300 (which has previously reversed the pair down multiple times from the end »

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