Good morning 2016. The forex market will likely to start with a similar themes carried forward from last year. 2015 was the year of the USD. Fed finally decided to gradually normalizing their monetary policy. Central bank divergence led by Fed will therefore remain in 2016. It is notable to… 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 31, 2015Gold is the big mover of the day on an otherwise flat trading session in Europe. As investors lock in profits, gold slipped from a session high of 1072 to just above 1062 at time of writing. Elsewhere, trading remains in a tight range as the world’s financial markets begin… read more
Daily Outlook
December 30, 2015USD 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 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
