USD is generally stronger on the day after a long period of ranging markets due to the market holidays. EURUSD fell sharply to 1.0910 from nearly 1.10 despite data showing that USD trade deficit widened in November. For now, the main driver of markets continues to be the oil prices… read more
Daily
The following is a summary of the previous day’s foreign exchange market movements in the major currencies and the commodities markets. It is meant as an informative guide to the reasons underlying currency and commodity movements seen in the previous day’s foreign exchange trading. Together with a market snapshot at close of the New York session, indicators/events released during the session are outlined compared with their expected level of influence before release. This fundamental analysis summary also highlights upcoming data/events which may influence currency movements upon their release.
You will also find a technical analysis snapshot at time of release, highlighting support and resistances of each of the major currencies and gold. Coupled together with the reasons behind these important levels, traders can expect some support or resistance when these levels are reached.
Daily Outlook
December 29, 2015Trading since Monday has been thin due to holiday market closures. This is another quiet week with few headline evets (all times are GMT): 1. US: Advance Goods Trade Balance (Tuesday 13:30), Pending home sales MoM (Wednesday 15:00), Chicago PMI (Thursday 14:45) 2. UK: Nationwide House prices MoM (Wednesday 07:00)… read more
Daily Outlook
December 24, 2015Christmas is finally here. Easy-Forex wish everyone a Merry Christmas and a joyful holiday. The trading conditions is thin this week. The risk sentiment in the global market has been improving with the US data looks better than expected overnight. China is expected to inject more stimulus in 2016 and… read more
Daily Outlook
December 23, 2015Markets have been mixed today as it seems investors are winding down for the festive season. In Europe, stocks are mildly down on the day although the UK FTSE has posted small gains, up 0.67% at time of writing. EURUSD is set for its 3rd day of gains as it… read more
Daily Outlook
December 22, 2015Yesterday was a quiet start of the market for Christmas Week. Everyone has been turning into the holiday season mood and many desks has already thinning out until after New Year’s. The USD performance was mixed with the EUR underpinned by demand regardless of the Spanish election deadlock. Brent oil… read more
Daily Outlook
December 21, 2015Central banks have added considerable volatility to the Forex market recently. Last week, US made its first hike in nearly one decade—a reflection of the superior US economic growth. We are now entering a bit of post-decision lull period, and so far markets seems to take it pretty well. As… read more
Daily Outlook
December 18, 2015The market responded to the Fed hike gradually overnight, with USD strengthening across the board and other main currencies as well as commodities underperforming. It seems like investors are carrying out “buy the rumor, buy the fact” this time after the FOMC. Obviously the median dot point for 2016 has… read more
Daily Outlook
December 17, 2015The FOMC raised the target for Fed Funds Rate by 25bps to 25-50bps. It is the first time the Fed raises rates in nearly 10 years and today will be the day marked in the history book. This start of normalization from one of the biggest central banks in the… read more
Morning Dealing Room Technical Report
December 17, 2015So the day has arrived where investors around the world will learn if the US Federal Reserve is to lift interest rates for the first time in almost a decade. Whilst the probability that a hike will take place is high, it is by no means a certainty with the continued… read more
Morning Dealing Room Technical Report
December 15, 2015It’s a quiet start to the trading month, however there were some notable moves that should be mentioned. Once again OIL (-0.87%) made a new multiyear low after bottoming at 34.51. The post financial crisis low was $32.40 in December 2008. Brent crude LCOc1 also fell by 3.4% to below… read more
