Start Trading Now

Your invested capital is at significant risk

Forex trading with easy-forex in the UK

Online currency trading with easy-forex in the UK offers forex traders 24 hour trading, five and a half days a week on their choice of trading platform. Trade the pound and all other major currencies including gold, silver and oil. Professional tools, market news and trading insights from the easy-forex dealing room give our traders an edge to their forex deals.

  • Forex education and seminars by our UK office
  • Daily market outlooks and video news
  • Security of funds and CySEC regulated

Daily technical and fundamental analysis for EURUSD, USDJPY and Oil.

Written by Imran Allana

Forex Analysis - 6th January 2015

EURUSD technical analysis

EUR/USD opened the Asian trading session at 1.1932 after recovering from 1.1887 overnight as long-dated treasury yields fell sharply and as USD/JPY led USD broadly lower. Dipping to 1.1927 early, it grinded higher still to 1.1955 with the move higher in AUD/USD keeping the USD on the defensive. Sentiment remains decidedly bearish however, with uncertainties surrounding the Greek election on January 25th and ECB policy on January 22nd.

Click here to view the rest of this article

Financial Calendar

United Kingdom & Euro Zone

Sunday 19th April 2015

Time Location Indicator Period Unit Forecast Previous Actual
00:45 New Zealand High indicator importanceConsumer Price Index (CPI) q/q April %   -0.2  
  An inflationary indicator that measures the quarterly change in the cost of a fixed basket of products and services, including housing, electricity, food, and transportation. Importance:
High indicator importanceHigh

EUR/USD grabs the opportunity to surge after soft NFP result

Written by easy-forex team

Weekly Outlook - 6th April 2015

If you asked traders before Good Friday about the upcoming Nonfarm Payrolls (NFP) data for March, you would be surprised to find that they would not be particularly optimistic about the U.S. dollar’s ongoing strengthening. In fact, some would say that a possible result under the previous month’s 201,000 would urge them to buy the EUR/USD. And that’s exactly what happened. The U.S. dollar lost ground against many of its trading peers after the NFP data showed that only 126,000 new jobs were filled, and that most probably nullified any slim hopes by market participants that the Federal Reserve (Fed) would consider increasing interest rates by June. On the contrary, it is most likely that the Fed will proceed to an interest rate hike after September of this year now that it has a solid reason to hold on to its hesitations.

The markets moved in an interesting manner after the NFP results because although there was an obvious depreciation of the U.S. dollar against a lot of major currencies, gold and oil markets were closed on Good Friday and so there was no reaction by the yellow shiny metal nor the ‘black gold’. And while the discouraging NFP result was an opportunity for the world’s most popular currency pair to surge even further, Good Friday was an opportunity for many traders to spend some time with friends and family instead of opening new trading positions and so the currency pair once more remained below the stubborn 1.10 level. Is there a technical and psychological ceiling being created at that level? If the answer to that is yes, then it may be interesting to see whether a possible breakthrough above that level would possibly push even more EUR/USD bulls to place more trading positions.

Click here to view the rest of this article

Important note: These technical and research reports are provided to easy-forex as a subscriber of third party providers. They are provided for informative purposes only and in no way can they be considered as a recommendation by easy-forex to you to engage in any trade. Hence, easy-forex shall not be held responsible for any outcome of trading decisions, in regards with these reports or similar reports. You hereby acknowledge that using the information entailed in these reports is at your sole responsibility and you will have no claims with regards to these reports against easy-forex. If you do not agree to this, you are strongly advised not to use these reports.