Today is Tue, September 16, 2014 6:48:52 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Currencies EUR USD News

Top Trade Idea For September 15th, 2014 – EUR/USD

Last week, we recommended a USD/CHF long towards 0.9350 on a fourth wave pullback. While our target was reached, price didn’t pull back enough to trigger the entry. This time, we’ve waited for a euro fourth wave pullback to end and have designed a short trade around it. This one-hour chart includes a simple Elliott […]

Chart Of The Day For September 15th,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104  The Euro may be carving out a near-term bottom against the US Dollar after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the […]

Week in FX Europe – Sterling Bulls and Russian Bears Remain Active

Scottish “No” picks up momentum Sterling tries to fill in plummeting gap Russian Bear is not endangered Sterling is closing out the week holding on to its late Thursday’s gains (£1.6250) after another poll on Friday morning revealed a stronger “No” count for Scottish independence. The September 11 Survation online poll for the Daily Record […]

Dollar Looks to Fed to Secure Strongest Run in Half a Century

Talking Points: Dollar Looks to Fed to Secure Strongest Run in Half a Century British Pound Edges Higher as Market Digests Shift in Scotland Sentiment Euro Focus Still on ECB Policy, But Sovereign Bond Yields are Rising… Dollar Looks to Fed to Secure Strongest Run in Half a Century Friday is opening once again green […]

Top Trade Idea For September 12th, 2014 – EUR/AUD

I love it when a triple signal comes together! EUR/AUD has rallied almost 5 big figures over the last 5 trading days. This looks like a stunning reversal of an established down trend: The rally brings the pair back to the 50 day moving average, the trend line, and previous support/resistance at 1.4275. Fundamentally, both […]

Chart Of The Day For September 12th ,2014- EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro may be preparing to correct higher against the US Dollar after prices completed a bullish Piercing Line candlestick pattern. Near-term resistance is at 1.2981, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 1.3057. Alternatively, a […]

Forex: 10 Market-Moving Events Overnight

Who Wants Independence? Scottish referendum fever continues to grip market price action. European bourses (Stoxx Euro 600 +0.4%, FTSE 100 +0.2%) have been thrown a lifeline, helped by the most recent poll on Scottish sovereignty which shows a lead for those in favor of remaining in the U.K. Gains for GBP (£1.6245) are expected to […]

Chart Of The Day For September 11th ,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro may be carving out a near-term bottom against the US Dollar after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the […]

It’s Sink or Swim for Sterling

This morning, European equities are on the back foot, taking their lead from the slide in Asia and North America in the overnight sessions. European bourses are on the verge of forgoing all recent gains earned after the European Central Bank (ECB) President Mario Draghi’s surprise rate cut last week. Not helping investors’ risk appetite […]

Top Trade Idea For September 11th, 2014 – EURUSD

After last week’s scenario being invalidated by an extremely bearish market, we’re coming back with an updated eurusd calling for lower values still to come most likely until the all important Fed meeting next week. The thing is that the whole move to the downside comes with a bottoming formation, and that is the running […]

Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals

Talking Points: Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals British Pound: Will BoE Testimony Do More Than Carney’s ‘Spring Hike’ New Zealand Dollar Paid Penance for a Mere Pause in RBNZ Hike Regime? Dollar Rally Shifting from Schadenfreude to Inherent Fundamentals Over the past few months, the Dollar’s fundamental landscape has developed unevenly. Yet, […]

Chart Of The Day For September 10th ,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2981, 1.3057, 1.3104 The Euro may be preparing to correct higher against the US Dollar after prices completed a bullish Piercing Line candlestick pattern. Near-term resistance is at 1.2981, the 14.6% Fibonacci retracement, with a break above that on a daily closing basis exposing the 23.6% level at 1.3057. Alternatively, a […]

Fed, ECB and Scotland Make FX Interesting

The mighty dollar is basking in glory right across the boards, egged on by investors speculating that the Federal Reserve will strike a less dovish tone in its next policy statement on September 17. Also aiding the buck’s cause is the uptick to risk-aversion trading sparked by uncertainty over Scotland’s upcoming independence vote taking place […]

USD/JPY May See 110.00, USD/CAD 1.1200 Over Coming Weeks

Talking Points: USDJPY breakout valid above NFP swing low of 104.65/70. USDCAD breakout, inv H&S begins above 1.1100. Euro Punished by ECB’s New Measures as QE Remains on Hold The US Dollar has mainly benefited against the European currencies the past several weeks – it may be time for gains to develop elsewhere. The most […]

Chart Of The Day For September 9th ,2014-EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2864, 1.2794, 1.2708 Resistance:1.2933, 1.3020, 1.3073 The Euro resumed its move lower against the US Dollar after a brief pause, sinking to a 14-month low. A daily close below the 50% Fibonacci expansion at 1.2864 exposes the 61.8% level at 1.2794. Alternatively, a turn above the 38.2% Fib at 1.2933 opens the door for […]

EUR Supported By Plummeting Pound

Fleet-footed Mario Draghi deserves the plaudits for the aggressive actions undertaken last week. The European Central Bank’s (ECB) surprise rate cut has led to some serious volume spikes in forex trading — volume and volatility provides opportunity, something that has been amiss for far too long with this asset class. More importantly, the ECB chief […]

Top Trade Idea For September 8th, 2014 – USD/CHF

Four weeks ago, we recommended a USD/CHF long trade (entry 0.9030) which worked as planned http://www.forexnews.com/blog/2014/08/11/trade-idea-august-11th-2014-usdchf/. In lieu of the ongoing US dollar rally and last week’s ECB rate cut, we’re going back to the well for another USD/CHF long. This three-hour chart includes a simple Elliott Wave count from the late August low of […]

Chart Of The Day For September 8th,2014 -EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at1.3644 Support: 1.2933, 1.2864, 1.2794 Resistance:1.3020, 1.3073, 1.3104  The Euro is in digestion mode after plummeting below the 1.30 figure against the US Dollar for the first time in over a year. Near-term support is at 1.2933, the 38.2% Fibonacci expansion, with a break below that on a daily closing basis exposing the 50% level at […]

Week in FX Europe – ECB’s Super Mario Cuts and Introduces ABS

The European Central Bank (ECB) came, delivered, and made a difference this week. Investors and dealers were positioned for further disappointment from eurozone policymakers, but what “Super Mario” (read: ECB chief Mario Draghi) did has had a far greater impact on the market. The ECB made a bold move to avert eurozone deflation and growth […]

Pre-NFP Setups Show Strong Yet Vulnerable USDOLLAR

Talking Points: USDJPY posting an inverted hammer against its yearly high. USDOLLAR Index support comes in at 10689, the 8-EMA. August NFPs: +230K exp vs +209K prior. The USDOLLAR Index is attempting to break through its yearly highs set in January, but an overextended bull run and softening technicals leave the greenback vulnerable to a […]

Powered by DayLife

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish