Archive for Forex & Financial Market News

AUDUSD bounced strongly from 0.9321

AUDUSD bounced strongly from 0.9321, suggesting that the pair remains in uptrend from 0.9208, the fall from 0.9437 would possibly be consolidation of the uptrend. Further rise to test 0.9437 resistance is possible, a break above this level will signal resumption of the uptrend, then next target would be at 0.9500 area. Support is now […]

AUDUSD broke below channel support

AUDUSD broke below the lower line of the price channel on 4-hour chart, and is now facing 0.9349 support, a breakdown below this level will indicate that the uptrend from 0.9229 had completed at 0.9437 already, then deeper decline to 0.9250 area could be seen. On the upside, as long as 0.9349 support holds, the […]

Nigeria holds rate, concerned over upward price trend

By CentralBankNews.info     Nigeria’s central bank maintained its policy rate at 12.0 percent, as widely expected, saying core inflation has continued to send conflicting signals since January and “if the upward trend continues as observed in April 2014, it could be a major factor in the upward trend in prices.”    The Central Bank […]

Stocks Market Report 20th May

By HY Markets Forex Blog Stocks – Asia Stocks in the Asian region were seen traded higher on Tuesday, bouncing back from the previous losses. Japan’s benchmark Nikkei 225 index climbed 0.49% higher ending the session at 14,075.25, while Tokyo’s Topix index rose 0.29% closing at 1,153.38. Yahoo Japan climbed by 13% on Tuesday after […]

Gold Prices Trades below $1,300; Ukraine Elections in Focus

By HY Markets Forex Blog Gold futures were seen trading slightly lower on Tuesday, during the Asian trading session as traders focus on Ukraine’s upcoming presidential election scheduled for May 25. Gold futures edged 0.29% lower at $1,290.10 an ounce on the comex in New York at the time of writing, while futures for silver […]

Pressure On the Euro, Pound and Franc Remains

The EURUSD Is In A Narrow Range Again The EURUSD continues trading in a tight range where it has already been for a week except falling to 1.3648. Yesterday, it rose above 1.3720 and tested 1.3734 and after that it returned to 1.3706. Thus, a forecast is the same – growth attempts encounter interest to […]

Gold Range Tightens; Break-Out Scenarios in Play

Technical Sentiment: Consolidation Key Takeaways Gold’s trading range will continue to narrow until a break-out occurs; 50-Day Moving Average provides resistance at $1307; Support extends as low as $1282-$1284 While intraday traders may be focusing too much on “gold strengthening above $1300” / “gold weakens below $1300”, this large round number is not the real level […]

Bill Williams’ Indicators Analysis 20.05.2014 (USD/CAD, NZD/USD)

Article By RoboForex.com Analysis for May 20th, 2014 USD CAD, “US Dollar vs Canadian Dollar” At H4 chart of USD CAD, Alligator is going to sleep; D Alligator is still moving southwards. Indicators are in green zone; price is forming bullish fractal; there is Squat bar on the MFI. Bullish fractal may reach Alligator’s jaw […]

Wave Analysis 20.05.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY)

Article By RoboForex.com Analysis for May 20th, 2014 EUR USD, “Euro vs US Dollar” Possibly, Euro finished the second “leg” C of (D) of ascending zigzag (D) of [B] in the form of diagonal triangle. In this case, later price is expected to start forming final descending zigzag (E) of [B]. Probably, price started forming […]

EUR/USD Heading For 200-Day Moving Average

Technical Sentiment: Bearish   Key Takeaways German Producer Price Index decreases by 0.1% Euro remains pressured as ECB readies for action; EUR/USD fails to correct upwards, eyes 200-Day Moving Average. Traders were uneasy to push EUR/USD over the 1.3730 handle in recent sessions as Euro pressure mounts in direct correlation with the likelihood that ECB will […]

Individuals who trade gold might be interested in recent climb above $1,300 per ounce

By HY Markets Forex Blog Individuals who trade gold might be interested in the precious metal’s recent climb above $1,300 per ounce, as well as the factors that helped drive this appreciation. Spot gold rose to $1,301.76 an ounce by 14:03 GMT on May 19, which represented a 0.7 percent gain for the session, according […]

Central Bank News Link List – May 20, 2014 – Australian interest rates to stay on hold, RBA minutes show

By CentralBankNews.info Here’s today’s Central Bank News’ link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Australian interest rates to stay on […]

Sri Lanka holds rate, wants banks to pass on lower rates

By CentralBankNews.info     Sri Lanka’s central bank maintained its monetary policy stance, as expected, saying pointedly that it expects commercial banks to pass on the benefits of its rate cuts since December 2012 “without further delay.”    The Central Bank of Sri Lanka left its Standing Deposit Facility Rate (SDFR) at 6.50 percent and […]

Central Bank News Link List – May 19, 2014 – Draghi as committed as a central banker gets

By CentralBankNews.info Here’s today’s Central Bank News’ link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Draghi as committed as a central […]

Stocks Market Report 19th May

By HY Markets Forex Blog Stocks – Asia Stocks in Asia began the trading week lower as equities in China head towards two-day low while data from the world’s second-largest economy revealed that the slowdown in the nation’s housing market is deepening. The Japanese benchmark Nikkei 225 index lost 0.64% closing at 14,006.44 points, while […]