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


Cheap gold for sale!! Tensions ease, as does demand for the precious metal.

Written by Jay Elliott-Purdy

Forex Analysis - 15th April 2014

USDNOK forex analysis

The USDNOK has not moved much in the last 24 hours since breaking the 5.956 resistance level. The pair has retested that level to confirm support and also found resistance on two occasions at 5.971. Tomorrow morning sees a trade balance announcement out of Norway, with the Norge Bank hoping for increases in both exports and imports to give an indication of increased growth potential. Janet Yellen is talking during the early hours of the New York trading session today and although she is new to the job, her speeches so far have sparked some big moves. Both traders and economic forecasters analyse every word for any indication as to future monetary action.

GBPUSD forex analysis

GBP/USD eased with EUR/USD on weak BRC retail sales data from 1.6730 to 1.6713. Early European activity saw a break of the support at 1.6713, only to rally again on the morning release of inflation data that came out as expected (1.6%).

Click here to view the rest of this article



Financial Calendar

United Kingdom & Euro Zone

Wednesday 16th April 2014

Time Location Indicator Period Unit Forecast Previous Actual
02:00 United States Medium indicator importanceFOMC Member Speaks April        
  No Description Given Importance:
Medium indicator importanceMedium
04:00 China High indicator importanceGDP Q2 qq March % 7.4 7.7 7.4
  Measures the quarterly value of goods and services produced within a country. GDP is the most comprehensive overall measure of economic output. Importance:
High indicator importanceHigh
04:00 China High indicator importanceIndustrial Production March % 9.1 8.6 8.8
  An index measuring changes in the volume of output produced by the manufacturing, mining, and utility sectors. Importance:
High indicator importanceHigh
04:00 China Fixed Asset Investment ytd/y March % 18.1 17.9 17.6
  No Description Given  
04:00 China Medium indicator importanceNBS Press Conference April        
  The press conference has 2 parts - first a prepared statement is read which announces the key economic numbers, then the conference is briefly open to press questions. The questions sometimes lead to unscripted answers that can have a significant market i Importance:
Medium indicator importanceMedium
04:00 China High indicator importanceRetail Sales March % 11.9 11.8 12.2
  A government index that measures the total receipts of retail stores. The changes in retail sales are widely followed as the most timely indicator of broad consumer spending patterns. Importance:
High indicator importanceHigh
08:15 Japan High indicator importanceBoJ Governor Speaks April        
  The BoJ Governor is the voice of the bank and his speeches provide the international investment community with insight into the BoJ's monetary policy. When the Governor speaks, market participants pay close attention to a number of areas. Importance:
High indicator importanceHigh
10:30 United Kingdom High indicator importanceClaimant Count March k -30 -34.6  
  The report measures the number of people who claim unemployment benefits, but actively seeking work. The Claimant Count serves as a barometer for the health of the labor market. Importance:
High indicator importanceHigh
10:30 United Kingdom High indicator importanceUnemployment Rate February % 7.1 7.2  
  Percentage of total work force that is unemployed and actively seeking employment during the previous month. Importance:
High indicator importanceHigh
10:30 United Kingdom Low indicator importanceAverage Earnings February % 1.8 1.4  
  Change in the price businesses and the government pay for labor, including bonuses. Importance:
Low indicator importanceLow
11:00 Switzerland Medium indicator importanceZEW Investor Sentiment April   23 19  
  ZEW Investor Sentiment Importance:
Medium indicator importanceMedium
11:00 Euro Zone High indicator importanceInflation Ex Food and Energy mm March %   0.4  
  An inflationary indicator that measures the monthly change in the cost of a fixed basket of products and services, including housing and transportation, excluding food and energy. Measured on a monthly basis Importance:
High indicator importanceHigh
11:00 Euro Zone Medium indicator importanceInflation Ex Food and Energy yy March % 0.8 1.1  
  An inflationary indicator that measures the monthly change in the cost of a fixed basket of products and services, including housing and transportation, excluding food and energy. Measured on a yearly basis Importance:
Medium indicator importanceMedium
14:30 United States Medium indicator importanceBuild Permits March Mln 1.008 1.014  
  The number of new building projects authorized for construction. Because receiving a Building Permit is the first step in the construction process, the figure is used as the earliest indicator for developments in the housing market. Importance:
Medium indicator importanceMedium
14:30 Canada Medium indicator importanceSecurities C$ mm February Bln   2.34  
  Securities C$ mm Importance:
Medium indicator importanceMedium
15:15 United States High indicator importanceIndustrial Output m/m March % 0.5 0.6  
  Measures changes in the volume of output produced by the manufacturing, mining, and utility sectors. Measured on a monthly basis Importance:
High indicator importanceHigh
16:00 Canada High indicator importanceBoc Rate   % 1 1  
  The decision to increase, decrease, or maintain the bank set interest rate. A decision to lower rates can spur economic growth while inciting inflationary pressures, whereas rate increases tend to slow down inflation but stymie growth. The Bank of Canada has an inflation target of one to three percent and they change interest rates accordingly to meet that goal. Importance:
High indicator importanceHigh
16:30 United States High indicator importanceCrude Oil Inventories w/e Mln   4  
  Change in the number of barrels of crude oil held in inventory by commercial firms during the past week Importance:
High indicator importanceHigh


U.S. policymakers project concerns in FOMC minutes data

Written by Niki Nikolaou

Weekly Outlook - 14th April 2014

Minutes of the latest Federal Open Market Committee (FOMC) meeting, which took place in March 19 and released last Wednesday, were viewed as weak by the markets as the U.S. dollar recorded significant losses against the euro. On that day, it lost 0.4% against the euro after earlier losses on Monday and Tuesday, and had weekly losses of 1.3%. The meeting minutes revealed the policymakers’ concerns on low inflation rate. Even though there were comments and predictions on a stronger U.S. economy and inflation increase from 1% towards 2%, there were also concerns about the economic damage done due to the heavy winter conditions. Moreover, they expressed their concerns on potential overreactions of the markets to Fed expectations on raising interest rates, and therefore remained vague on that prospect with no specific schedule on raising them.

The weak FOMC minutes data and U.S. dollar’s weakening coincided with a string of better than expected economic indicators about the Australian economy and resulted to the strengthening of the AUD/USD to its highest level of the last five months. A release of housing market data by the Australian Bureau of Statistics last Wednesday showed that home loans for February increased by 2.3%, and exceeded analysts’ expectations of a 2% increase. On the same day further Australian data, this time by the Melbourne Institute, on consumer confidence helped to strengthen the Aussie even further as it showed that the index for April increased by 0.3% in relation to a -0.7% reading in the previous month.

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.