Today is Tue, November 25, 2014 17:25:33 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Currencies EUR USD News

Chart Of The Day For November 25th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2360, 1.2213, 1.1974 Resistance:1.2549, 1.2599, 1.2770 The Euro may have resumed its longer-term decline against the US Dollar after prices completed a Flag continuation chart pattern last week. A daily close below the 14.6% Fibonacci expansionat 1.2360 exposes the 23.6% level at 1.2213. Alternatively, a reversal above falling trend line resistance at […]

Aussie and NZ Dollars Rise, Yen Drops as China Expands Stimulus

Talking Points: Aussie and Kiwi Dollars Rise, Yen Drops as China Expands Stimulus Effort Euro Unlikely to Find a Lasting Catalyst in German IFO Survey Outcome See Economic Releases Directly on Your Charts with the DailyFX News App The Australian and New Zealand Dollars outperformed in overnight trade after China expanded monetary stimulus efforts, cutting […]

Chart Of The Day For November 24th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2334, 1.2272, 1.2194 Resistance:1.2397, 1.2494, 1.2559 The Euro looks to have resumed its decline against the US Dollar after prices recoiled from trend line resistance set from mid-October. Near-term support is at 1.2334, the 50% Fibonacci expansion, with a break below that on a daily closing basis exposing the 61.8% level at […]

Week in FX Europe – Draghi Hands Ammo to Euro Bear

Draghi’s Dovish Remarks Suffocate EUR Market expects ECB to announce new measures in December Greater Euro/U.S rate divergence needs to be priced The euro bear got a subtle hint yesterday to consider “not” booking any EUR profits just yet, all because the EUR bull happened to be blinded by flash purchasing mangers’ index (PMI) numbers. […]

EUR/USD Breaks Channel from November Low, AUD/USD Skewed by PBoC

Talking Points: EURUSD slides after Draghi’s comments on a QE program. AUDUSD jumps after PBoC announces surprise rate cut. See the ‘high’ importance events on the DailyFX Economic Calendar. The People’s Bank of China’s decision today to cut its key interest rates in an effort to liberalize the exchange rate and boost consumption (their words, […]

Top Trade Idea For November 21st, 2014 – EUR/AUD

The Euro is forming a Gartley 222 pattern against the Aussie Dollar. The Gartley is a 3 part correction “A” to “B”; “B” to “C” and finally “C” up to “D”. The move being corrected is usually labelled XA In this case the CD swing has arrived at a 78.6% Fibonacci correction of XA  My […]

Chart Of The Day For November 21th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2482, 1.2397, 1.2334 Resistance:1.2559, 1.2621, 1.2684 The Euro advanced against the US Dollar as expected after prices put in a bullish Piercing Line candlestick pattern. A daily close above the intersection of a falling trend line and the 38.2% Fibonacci retracementat 1.2559 exposes the 50% level at 1.2621. Alternatively, a reversal below rising trend […]

EUR Bull Blinded by Flash Numbers

Fed reinforces “normalization” China flash manufacturing PMI dips to 6-month low Weak Flash numbers has EUR hobbling Federal Reserve announcements usually end up having the largest market impact, and yesterday’s release of the Federal Open Market Committee’s October meeting minutes were not to be the exception. However, the data ended up being a “non-event” as […]

EURAUD resistance likely to hold at 200 dSMA

The EURAUD pair has been trading within a range over the past month and a half. On a long term outlook, it looks like we could be within a head and shoulders formation, yet for the time being, it looks like we could get some downside following a move to the upper end of the […]

USDOLLAR Continuation as EUR/USD, GBP/USD Fail at Resistance

Talking Points: USDOLLAR continues broadly higher thanks to AUD, JPY. EUR/USD, GBP/USD channels/flags near breaking points. See the ‘high’ importance events on the DailyFX Economic Calendar. The FOMC minutes yesterday spurred the USDOLLAR Index’s push to fresh 2014 highs, but it will take more than words to keep the greenback’s bull trend going. One of […]

Chart Of The Day For November 20th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2471, 1.2397, 1.2334 Resistance:1.2582, 1.2621, 1.2684 The Euro moved higher against the US Dollar as expected after producing a bullish Piercing Line candlestick pattern. Near-term resistance is in the 1.2559-82, marked by a falling trend line and the 38.2% Fibonacci retracement, with a break above that on a daily closing basis exposing the 50% […]

Top Trade Idea For November 20st, 2014 – EURGBP

This week I would like to take a look at the eurgbp pair as from my point of view there is still room to go to the upside and therefore would favor a move above 0.81, having 0.8104 and 0.8194 targets while 0.7900 would be the invalidation level. The thing is that the 0.800 level […]

Will FOMC Minutes Stray from the Beaten Path?

FOMC expected to make some noise “Old Lady” sets sterling alight BoJ attempting to save face In today’s economic climate, central banks are never too far away from the heart of any forex move, and again overnight has been no exception. Monetary policy guidance, economic reassessment, and policymakers’ outright voting results are influencing forex price […]

Chart Of The Day For November 19th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2457, 1.2374, 1.2312 Resistance:1.2559, 1.2621, 1.2684 The Euro advanced against the US Dollar as expected after prices put in a bullish Piercing Line candlestick pattern. A daily close above the 38.2% Fibonacci retracementat 1.2559 exposes the 1.2594-1.2621 area marked by a falling trend line set from mid-October and the 50% level. Alternatively, a reversal […]

Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes

Talking Points: Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes British Pound Fails to Regain Traction after CPI Uptick Yen Crosses Steady after Snap Election Call, Will the BoJ Help Soothe Uncertainty? Dollar Traders Whether FOMC Minutes Will Keep the March Towards Hikes The Dollar put in for a mixed session Tuesday […]

Chart Of The Day For November 18th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2374, 1.2312, 1.2249 Resistance:1.2451, 1.2559, 1.2621 The Euro may be readying to turn lower anew against the US Dollar following the formation of a Bearish Engulfing candlestick pattern. A narrow close below 23.6% Fibonacci expansion at 1.2451 appears to have exposed the 38.2% level at 1.2374, with a further drop below that […]

Week in FX Americas – Bullard and G20 Beat Down Dollar

U.S Retail Sales provided a brief dollar “bid” Bullard and G20 makes investors nervous Modest market participation provides choppy FX session The near global equity meltdown last month (later reversed) was not able to seriously damage Friday’s U.S. retail sales report for October. Overall, retail sales rose +0.3% on the month and managed to just […]

Chart Of The Day For November 17th,2014 – EUR/USD

By Ilya Spivak EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2482, 1.2434, 1.2357 Resistance:1.2559, 1.2621, 1.2684 The Euro advanced against the US Dollar as expected after prices put in a bullish Piercing Line candlestick pattern. A daily close above the 38.2% Fibonacci retracementat 1.2559 exposes the intersection of a falling trend line and the 50% level at 1.2621. Alternatively, a reversal below the 23.6% […]

Week in FX Europe – Sterling Bulls Burned by Carney

Pound pummeled by bears’ license to roam U.K.’s first rate hike delayed Political uncertainty weighs on pound The sterling bear got a license to roam after Governor Mark Carney at the Bank of England (BoE) delivered some dovish expectations in the most recent Quarterly Inflation Report released midweek. The pound has hit a multiyear low […]

Strong US Advanced Retail Sales Data Fuels More Dollar Strength

Talking Points: US Advance Retail Sales beat expectations modestly. Core consumption figure beats too, with positive revisions to priors. EURUSD falls to $1.2398 after report. October US Advance Retail Sales beat analyst estimates of +0.2% with a headline reading of +0.3% today, helping propel the USDOLLAR Index to fresh 2014 highs. This is a large […]

Powered by DayLife

Complete Calendar
ArabicChinese (Simplified)EnglishGermanItalianJapaneseRussianSpanish