eToro Blog

EUR/JPY Technical Analysis

hmunawer1 — Thu, 20 Jun 2013 08:42:29 +0000

EUR/JPY was down more than 45 pips during Wednesday’s European trade, remaining capped in negative territory as eurozone construction data showed only modest MoM improvements. This pair’s technical cross stalled at 127.40, and has since declined ahead of key US monetary announcements. Below we size up the market vitals for this pair and look at [...]

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Daily Equity Prices and Market Overview 19.06.2013

Marek Pjevic — Thu, 20 Jun 2013 08:40:17 +0000

U.S. equities slipped on Wednesday as sharp drop occurred after FED released its economic projection. FED’s chairman Bernanke pointed out that the U.S. economy is recovering and improvements were achieved but still not enough for immediate change of the pace of bond buying program. FED expects to moderate the bond buying program in the next [...]

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USD/CAD edges higher, but gains capped under daily resistance

samehsaadfx — Wed, 19 Jun 2013 20:59:57 +0000

The Canadian dollar failed to make any headway ahead of Wednesday’s FOMC announcement, as the markets consolidated in anticipation of the Fed’s next policy decision. On Tuesday the loonie moved with the ebb and flow of US dollar trade, reacting to the mixed bag of US data. US CPI data rose by a seasonally adjusted [...]

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EUR/JPY sinks following EMU data

samehsaadfx — Wed, 19 Jun 2013 20:58:09 +0000

The euro’s gains were capped on Wednesday following the release of the EMU Construction Output report. The data showed a year-over-year decline of 6.6% in April, compared to a loss of 7.3 % previously. Following a mild recovery attempt, EUR/JPY was down 44 pips ahead of the North American session, ticking in at 127.3125. Year-to-date, [...]

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Daily Community News: Do you think copying should be kept in the family?

Lea Krans — Wed, 19 Jun 2013 16:22:11 +0000

And it is Wednesday. The week is not too young but not finished yet. I wanted to share with you the posts I personally liked. You probably have noticed that we at eToro we have Evangelists. Our Evangelists help other users and are active on the OpenBook. I found this example great. Here is @hagge1966 [...]

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Daily Equity Prices and Market Overview 18.06.2013

Marek Pjevic — Wed, 19 Jun 2013 07:48:53 +0000

U.S. equities rose on Tuesday as markets were expecting that the Federal Reserve would not lower its current bond buying stimulus program to support the demand in the world’s largest economy. FED’s meeting started today and the statements will come out on Wednesday followed by a news conference where Ben Bernanke will explain FED’s future [...]

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USD/CAD Outlook

hmunawer1 — Tue, 18 Jun 2013 20:51:01 +0000

The Canadian dollar kicked off the week in rebound mode, building off the momentum of improving investor sentiment toward the Canadian economy. On Monday the loonie was also supported by a rise in oil prices, which helped push USD/CAD down below the 1.02 level. Despite the loonie’s recent spike, which saw it hit fresh one-month [...]

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Daily Community News:Gold Story

Herman Dermer — Tue, 18 Jun 2013 17:15:51 +0000

Hello eTorians: Today was marked by Draghi’s warm speech (this is becoming a tradition), nice data on the UK CPI, the US building permits, but specially, by the dramatic drop on gold prices. Do you realy think that after today, Gold will make a triumphal comeback in the next days? please give your opinion to TorAndreasNilsen [...]

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S&P500 is recovering

Andrea Carnimeo — Tue, 18 Jun 2013 13:20:57 +0000

The Standard & Poor’s 500 Index (SPX) had a pretty positive opening on Monday just like almost all the other american indexes. I already said that the S&P500 index was paving a channel contained between two levels: the 1650 and 1600, and as expected this index still hasn’t managed to break downwards nor upwards. The [...]

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Outlook on EUR/USD: A closer look at the economic calendar

samehsaadfx — Tue, 18 Jun 2013 09:56:58 +0000

The range-bound EUR/USD broke free from its 1.28-1.32 band last week, hitting a high of 1.3383, before consolidating in the mid-1.33 region. Since the Thursday high, the pair has been range-bound, with the mid-1.33 level defining the new mark for this pair. Ahead of the North American session, EUR/USD was trading at 1.3358, a modest [...]

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