Easy Forex Trading

Technical Analysis Daily: EUR/USD

admin — Thu, 09 Sep 2010 05:30:02 +0000

On Wednesday the Euro/Dollar traded within nearly 100 pips range. The European appreciated from 1.2665 to 1.2757 yesterday, matching the positive Interbank sentiment projection, at around +6%, closing the day at 1.2719. This morning trading is neutral for now. On the 1 hour chart trading is still within wide range,

Daily Financial Market Outlook

admin — Thu, 09 Sep 2010 04:30:08 +0000

The main economic event today is the Bank of England’s interest rate announcement, at noon. We expect both the level of the bank rate and the size of the QE programme to be left unchanged at 0.5% and £200bn, respectively. However, the recent run of poor data, such as the

Stocks Resume Rally

admin — Thu, 09 Sep 2010 04:30:08 +0000

U.S. Dollar Trading (USD) risk was put on after concerns about the Eurozone faded on solid auction from some European Countries and US stocks rallied new stimulus proposals from Obama ahead of the US Mid-term elections. In US stocks, DJIA -10378 points closing at 10387, S&P +7 points closing at

FX Technical Commentary

admin — Thu, 09 Sep 2010 04:30:05 +0000

Euro 1.2730 Initial support at 1.2588 (Aug 24 low) followed by 1.2434 (61.8% retrace of 1.1877-1.3334). Initial resistance is now located at 1.2933 (Aug 12 low) followed by 1.3000 (Big figure Resistance)

Foreign Exchange Market Commentary

admin — Thu, 09 Sep 2010 04:30:03 +0000

EUR/USD closed higher on Tuesday but remains below the 10-day moving average crossing signalling that the corrective rally off August’s low appears to have ended. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are turning neutral to bearish hinting that additional weakness

Fed’s Beige Book Unveiled Deceleration In US Growth

admin — Thu, 09 Sep 2010 04:30:02 +0000

The Fed’s Beige Book shows that US’ economic growth moderated further during the period from mid-July to end-August. While the recovery continued to expand, it has shown ‘widespread signs of a deceleration’. Of the 12 districts, 5 saw growth at ‘a moderate pace’, 5 pointed to ‘positive developments or net

Market Morning Briefing

admin — Thu, 09 Sep 2010 04:00:05 +0000

The Euro (1.2729) has risen above 1.2700. However, the Resistance in 1.2750-75 region is continuing to hold and is retaining the downside pressure. The 100-DMA (currently at 1.2660) is the Support seen on the downside. Dollar-Yen (83.78) has come off from yesterday’s high of 84.04 and is keeping up the

The Daily Wave Analysis

admin — Thu, 09 Sep 2010 04:00:05 +0000

At present, the Wave Structure of the Swiss, supposes not one possible variant of a counting. Nevertheless, attempt to co-ordinate its movement with expectation of short-term growth of US dollar concerning euro and cable does not exclude the presented variant. Presumably the price has started formation of a correctional wave

The Daily Forecaster: GBPUSD

admin — Thu, 09 Sep 2010 04:00:04 +0000

Yesterday didn’t see the initial dip but direct gains that even broke above the 1.5491-07 to end at 1.5532 which was a higher resistance area. In spite of that I feel this completed a complex correction that should now trigger losses. The early structure is a bit messy but we

Forex and Dow Jones Recommended Levels

admin — Thu, 09 Sep 2010 04:00:03 +0000

EUR/USD Today’s support: - 1.2653(main), where correction is possible. Break would give 1.2626, where correction also may be. Then follows 1.2590. Break of the latter would result in 1.2576. If a strong impulse, we would see 1.2552. Continuation will give 1.2530 and 1.2512.