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Hotforex. Market Analysis and News.

  
Медаль
Сообщений: 858
EURUSD dropped yesterday and closed at 1.3611. A report released yesterday indicated that the Unemployment Claims in the largest economy in the world dropped by 2K to a reading of 312K during the last week. The positive sentiment for the USD was fuelled by the comments of the President of the United States Federal Reserve in Atlanta James Bullard. He expressed optimism on the growth of the US labor markets and opined that an interest rate hike might happen by the end of the first quarter of 2015. The Richmond Fed President Jeffrey Lacker hinted that the US central bank will start raising the interest rate even if the growth remains relatively subdued.

Support for the EURUSD is seen at 1.3572 and resistance is seen at 1.3650.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 2 раз (Последний: 27 июня 2014 в 19:27)
Медаль
Сообщений: 858
Date : 01 July 2014

EURUSD UNCHANGED AFTER THE MANUFACTURING PMI AND UNEMPLOYMENT DATA. ISM MANUFACTURING PMI FROM THE UNITED STATES ON FOCUS.

EURUSD rose yesterday and closed at 1.3691. The US Pending Home Sales rose to a 4-year high reaching 6.1 percent on a monthly basis in May. On the other hand the Chicago PMI dropped to a reading of 62.6 in June. Data released from the Eurozone showed that the inflation remained unchanged at 0.5 percent in June, remaining below the ECB target for a 9th consecutive month.

Data released today indicated that the unemployment level in the Eurozone remained unchanged at 11.6 percent. Another report indicated that the unemployment level in Germany unexpectedly rose by 9K for a second month.

Investors are now looking forward for the ISM Manufacturing PMI release due from the United States.

Support for the EURUSD is seen at 1.3609 and resistance is seen at 1.3696.

https://blog.hotforex.com/wp-content/uploads/2014/07/EURUSD-01-July-2014.jpg

Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 3 раз (Последний: 1 июля 2014 в 16:09)
Медаль
Сообщений: 858
Date : 02 July 2014

EURUSD TRADING LOWER AHEAD OF THE EUROZONE’S FINAL GDP REPORT.


EURUSD dropped yesterday and closed at 1.3678. Data released from the Eurozone showed that the Final Manufacturing PMI dropped to a 7 month low reading of 51.8 in June. Another report indicated that the number of unemployed people in Germany rose for a second consecutive month. On the other hand the Unemployment Rate in the Eurozone remained stable at 11.6 percent. Market had expected a rise to 11.7 percent. Data from the United States indicated that the ISM Manufacturing PMI dropped to a reading of 55.3 in June.



Investors are now looking forward for the final first quarter GDP report of the Eurozone and the ADP Non-Farm Employment Change report due from the United States. Later on the Fed Chair Janet Yellen speaks at the International Monetary Fund in Washington DC.

Support for the EURUSD is seen at 1.3609 and resistance is seen at 1.3696.

https://blog.hotforex.com/wp-content/uploads/2014/07/EURUSD-02-July-2014.jpg

Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 1 раз (Последний: 2 июля 2014 в 13:31)
Медаль
Сообщений: 858
Date : 03 July 2014

EURUSD TRADING LOWER AHEAD OF THE ECB MINIMUM BID RATE DECISION. BUSY DAY FOR THE FX MARKETS.


EURUSD dropped yesterday and closed at 1.3658. The French Prime Minister Manuel Valls urged the European Central Bank to take additional measures including asset-purchases to depreciate the value of the single European currency. According to him to Euro is still overvalued and the current rate has negative effect on the economy of the EU. The producer prices in the Eurozone dropped for a fifth consecutive month recording another drop in by 0.1 percent May. On the other hand the GDP in the Eurozone came in line with the market expectations at 0.2 percent. Data released from the United States indicated that the ADP Non-Farm Employment Change rose by 281K in June registering its highest level since November 2012.



Today is going to be a busy day for the FX Markets with lots of high-impact releases. Investors are looking forward for the Minimum Bid Rate of the European Cental Bank, the ECB Press Conference, The US Trade Balance, Unemployment Clams and Unemployment Level as well as the Non-Farm Payrolls which are going to be released today due to the bank holiday in the United States tomorrow. Banks in the United States will be closed due to the observance of the Independence Day.


Support for the EURUSD is seen at 1.3609 and resistance is seen at 1.3696.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 07 July 2014

EURUSD HOLDING BELOW THE 1.36 MARK IN THE EUROPEAN SESSION. EUROGROUP MEETINGS ON FOCUS.


EURUSD dropped on Friday and closed at 1.3593. The US dollar gained momentum after speculations that Fed will provide clear outlook of the interest rate rise perspective during the FOMC Meeting Minutes. The dollar was also boosted by the IMF Chief Christine Lagarde stated that the economic recovery in the US would eventually gain momentum. The ECB policymaker Christian Noyer stated on Sunday that the governments of the various EU countries are making no attempts to reduce their deficit. He also added that further deflation is avoided for the moment.





Data released today indicated that the German Industrial Production dropped -1.8 percent on a monthly basis in May.

Support for the EURUSD is seen at 1.3577 and resistance is seen at 1.3664.





Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 2 раз (Последний: 7 июля 2014 в 15:59)
Медаль
Сообщений: 858
Date : 08 July 2014

EURUSD TRADING LOWER AFTER THE SMALL GAINS YESTERDAY.


EURUSD rose yesterday and closed at 1.3603. The Sentix Investors Confidence in the Eurozone rose unexpectedly to a reading of 10.1 in July. On the other hand the German Industrial Production dropped 1.8 percent in May. Yesterday the German Finance Minister Wolfgang Schauble stated that the Eurozone needs structural reforms to fuel the growth in the single currency bloc.






Investors are looking for the outcome of the ECOFIN Meetings taking place Brussels today.

Support for the EURUSD is seen at 1.3580 and resistance is seen at 1.3638.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 1 раз (Последний: 8 июля 2014 в 17:25)
Медаль
Сообщений: 858
Date : 09 July 2014

EURUSD FLIRTING WITH THE 1.36 LEVEL AHEAD OF THE FOMC MEETING MINUTES.


EURUSD rose yesterday and closed at 1.3611. An official report released yesterday indicated that the German Trade Balance widened to 18.8B in May. The head of Bank of Spain and ECB Governing Council member Luis Maria Linde cautioned yesterday that the inflation rate in the Eurozone will remain below the 2 percent target for a prolonged period of time and the possibility of deflation still exists. In the United States the President of the Minneapolis Fed Narayana Kocherlakota stated that the inflation in the US will remain below the 2 percent for more years. On the other hand the Richmond Fed President Jeffrey Lacker stated that the inflation rate is moving towards its target with the moderate economic growth witnessed lately in the largest economy in the world.







Investors are now awaiting the outcome of the FOMC Meeting Minutes and the speech of the President of the European Central Bank Mario Draghi in London.

Support for the EURUSD is seen at 1.3580 and resistance is seen at 1.3638.



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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 1 раз (Последний: 9 июля 2014 в 15:37)
Медаль
Сообщений: 858
Date : 10 July 2014

EURUSD LOSING ITS YESTERDAYS GAINS DURING THE EUROPEAN SESSION. US UNEMPLOYMENT CLAIMS ON TAP.


EURUSD rose yesterday and closed at 1.3640. The United States dollar lost strength against its European counterpart after the FOMC Meeting Minutes failed to give a clear outlook of when Fed is planning to rise the interest rates in the largest economy of the world. On the other side the minutes revealed that the US Central bank is planning to end its QE program by October if the economy shows signs of recovery during the 2nd quarter of 2014. The President of the European Central Bank Mario Draghi stated during his speech in London that the risks to price stability in the Eurozone still persists and also reiterated his concerns on the strength of the single European currency.






Investors are now looking forward for the Unemployment Claims due from the United States.

Support for the EURUSD is seen at 1.3580 and resistance is seen at 1.3647.





Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 1 раз (Последний: 10 июля 2014 в 17:25)
Медаль
Сообщений: 858
Date : 14 July 2014

EURUSD PUSHED HIGHER IN THE EUROPEAN SESSION. ECB PRESIDENT DRAGHI SPEAKS IN STRASBOURG TODAY.


EURUSD dropped on Friday and closed at 1.3604. Worries over the troubles in the European banking system pushed the Euro lower. The Prime Minister of Portugal Pedro Passos Coelho assured that the tranquility of the financial and banking system in the country will be well maintained and that the government would not have to intervene and bailout Banco Esprito Santo.

Over the weekend the Bundesbank President Jens Weidmann called for an earliest as possible tightening of the ECB’s monetary policy as the current interest rates of the European Central Bank are too low for Germany.




A release today indicated that the Industrial Production in the Eurozone dropped to a reading of -1.1 percent in May. Investors are now looking forward for the speech of the President of the European Central Bank Mario Draghi in Strasbourg.

Support for the EURUSD is seen at 1.3590 and resistance is seen at 1.3647.




Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 1 раз (Последний: 14 июля 2014 в 16:19)
Медаль
Сообщений: 858
Date : 16 July 2014

EURUSD CONTINUES TO MOVE TOWARDS THE 1.35 LEVEL AFTER YESTERDAY’S SHARP DROP.


EURUSD dropped yesterday and closed at 1.3568. The German ZEW Economic Sentiment slipped for a 7-th consecutive month coming at a reading of 27.1 in July. The United States dollar received support from the Fed Chief Janet Yellen during her testimony to the Congress. Yellen mentioned that the US central bank will increase the interest rates sooner than expected if the labour conditions accelerate in faster pace. She also stated that the recovery in the largest economy in the world is not fully completed despite the few indicators pointing for a continued improvement. Data released yesterday indicated that the Empire State Manufacturing Index rose to a four-year high level of 25.6 in July. On the other hand the Retails Sales in the US rose less than expected coming at a reading of 0.2 percent.




Investors are now looking forward for the Producer Price Index data and the second testimony of the Fed Chief Janet Yellen before the House Financial Services Committee in Washington DC.

Support for the EURUSD is seen at 1.3523 and resistance is seen at 1.3594.




Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Редактировалось: 1 раз (Последний: 16 июля 2014 в 14:55)
Медаль
Сообщений: 858
Date : 17 July 2014

EURUSD CONTINUES TO TRADE NEAR THE LOWS AHEAD OF THE US UNEMPLOYMENT CLAIMS REPORT.


EURUSD dropped yesterday and closed at 1.3524. In the 2nd day of her testimony the Fed Chief Janet Yellen continued to support the US dollar. She convinced the lawmakers that Fed would start raising interest rates earlier and faster than expected once the inflation and employment conditions improve. The housing market in the United States jumped to a six-month high level of 53 in July. The Producer Price Index rose 0.4 percent month over month in June. The Fed’s Beige Book survey revealed that the economy in the US grew in all regions in June and early July.




Data released today indicated that the inflation in the Eurozone remained at 0.5 percent on an annual basis in June. Investors are now looking forward for the Building Permits, Unemployment Claims and the Philly Fed Manufacturing Index due from the United States.

Support for the EURUSD is seen at 1.3523 and resistance is seen at 1.3594.




Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 18th July 2014

EURUSD TRADING NEAR THE LOWS AHEAD OF THE UNIVERSITY OF MICHIGAN CONSUMER SENTIMENT DATA.


EURUSD traded sideways yesterday and closed at 1.3525. Data released yesterday indicated that the inflation in the Eurozone remained below the 2 percent target of the European Central Bank coming at 0.5 percent on an annual basis in June. The single European currency was also pressurized after the reported plane crash in Ukraine which waned the risk appetite among the investors. The Unemployment Claims in the United States unexpectedly fell during the last week to a reading of 302K. The St. Louis Fed President James Bullard opined that the economic situation in the United States is normalizing and the central bank may act sooner than expected.




Investors are now looking forward for University of Michigan Consumer Sentiment release due from the United States.

Support for the EURUSD is seen at 1.3516 and resistance is seen at 1.3572.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 22nd July 2014

EURUSD TRADING NEAR THE LOWS AHEAD OF THE UNIVERSITY OF MICHIGAN CONSUMER SENTIMENT DATA.


EURUSD dropped yesterday and closed at 1.3523. The Bundesbank revealed in its monthly report that the largest economy in the Eurozone most probably slowed its growth in the 2nd quarter of 2014. On the other hand the International Monetary Fund upgraded its growth forecast for the German economy to 1.9 percent from the previous 1.7 percent estimate.

Investors are looking forward for the Core CPI month over month release and the New Home Sales data due from the United States.





Support for the EURUSD is seen at 1.3504 and resistance is seen at 1.3572.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 23rd July 2014

EURUSD PRINTED NEW LOWS AFTER THE US INFLATION DATA RELEASED YESTERDAY.


EURUSD dropped yesterday and closed at 1.3464. Data released from the US Bureau of Labor Statistics indicated that the consumer price index in the United States registered a rise of 2.1 percent on an annual basis. The housing market data was also positive indicating a rise of the Existing Home Sales to 5.04 million units in June. The House Price Index in the largest economy in the world rose 0.4 percent in May. The Richmond Fed Manufacturing Index registered a rise to a level of 7 in July. The US dollar gained ground from the upbeat economic data suggesting that the United States Federal Reserve may hike its interest rates sooner than expected.





Support for the EURUSD is seen at 1.3453 and resistance is seen at 1.3542.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 24th July 2014

EURUSD LOSING SOME OF ITS EARLIER GAINS AFTER THE US UNEMPLOYMENT CLAIMS DROPPED TO A 8-YEAR LOW LEVEL DURING THE LAST WEEK.


EURUSD dropped yesterday and closed at 1.3462. Earlier today the single European currency was boosted after positive PMI data from Europe and rebounded from the lows. The German Flash Manufacturing PMI rose to a reading of 52.9 in July. The German Flash Services PMI also rose in July reaching 56.6. The single European currency started to lose some of its steam after the better than expected Unemployment Claims data released from the United States in the afternoon. The Unemployment Claims dropped to a 8-year low level of 284K during the last week.



Investors are now looking forward for the New Home Sales data due from the United States.

Support for the EURUSD is seen at 1.3453 and resistance is seen at 1.3542.




Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 25th July 2014

EURUSD TRADING LOWER AFTER WORSE THAN EXPECTED GERMAN IFO BUSINESS CLIMATE DATA.


EURUSD traded sideways yesterday and closed at 1.3463. Data released yesterday indicated that German Flash Manufacturing PMI rose to a reading of 52.9 in July. Initially the single European currency gained against its US counterpart, but after better than expected jobless claims report and the potential new sanctions against Russia the Euro lost ground. Data released from the United States indicated that the Unemployment Claims dropped unexpectedly 19,000 to a reading of 284K during the last week.



Data released today showed that the German Ifo Business Climate dropped to a level of 108.0 in July. Investors are now looking forward for the Core Durable Goods Orders data due from the United States.

Support for the EURUSD is seen at 1.3440 and resistance is seen at 1.3505.




Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 28th July 2014

EURUSD TRADING NEAR THE 1.34 MARK IN THE EUROPEAN SESSION. US FUNDAMENTALS WILL DRIVE THE FX MARKET IN THE WEEK AHEAD.


EURUSD dropped on Frirday and closed at 1.3429. The business sentiment in Germany dropped for a third consecutive month to a reading of 108.0 in July. The European revealed in its monthly report that the private sector lending in the Eurozone fell 1.7 percent on an annual basis. The single European currency was also pressurized after the EU increased its blacklist Russian who are subject of sanctions. The ECB Vice President Vitor Constancio downplayed the speculations of different sources for potential new measures in the near term taken by the central bank against the low inflation. Data from the United States also boosted the US dollar. The Core Durable goods orders rose 0.7 percent on a monthly basis in June.




The week ahead will be driven mostly by the US fundamentals. The Pending Homes month over month release is due later today. On Wednesday we have the ADP Non-Farm Employment Change, the FOMC Statement and the Advance GDP data for the second quarter of 2014 due on the calendar. The top fundamental event on Friday will be the Non-Farm Payrolls release.

Support for the EURUSD is seen at 1.3424 and resistance is seen at 1.3485.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 30th July 2014

EURUSD IS UNDER PRESSURE AHEAD OF THE ADP NON-FARM EMPLOYMENT CHANGE AND THE ADVANCE GDP DATA FROM THE US.


EURUSD dropped yesterday and closed at 1.3407. The US dollar was boosted by the CB Consumer Confidence release which indicated that the consumer confidence in the United States rose to a 7 year high reading of 90.9 in July. Data from Germany indicated that the import prices rose less than expected in June recording a 0.2 percent rise. The ECB Governing Council Member and Bundesbank President Jens Weidmann welcomed a strong rise in the wages in Germany.



Data released today indicated that the Spanish Flash Consumer Price Index dropped to a level of -0.3 percent on an annual basis in July.

Investors are now looking forward for the ADP Non-Farm Employment Change Report and the Advance GDP data for the second quarter of 2014 from the United States. Later today the FOMC Monetary Policy Statement is due from the US.

Support for the EURUSD is seen at 1.3396 and resistance is seen at 1.3485.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 1st August 2014

EURUSD TRADING ABOVE 1.3400 AFTER THE US NON-FARM PAYROLLS RELEASE.


EURUSD dropped yesterday and closed at 1.3389. The inflation in the Eurozone continued to fall reaching its lowest level in almost 5 years coming at a reading of 0.4 percent in July. On the other side the Unemployment Level in the Eurozone declined to 11.5 percent from its previous 11.6 percent level. The Unemployment Claims release came out in line with the market expectations at a reading of 302K during the last week.



The key even of the way was the US Non-Farm Payrolls and Unemployment Level releases which were both released today. The US Non-Farm Employment Change came our worse than the market expectations at a reading of 209K. The Unemployment Rate in the US rose to a level of 6.2 percent. Following the releases the US dollar lost ground against most of its counterparts and EURUSD is currently trading above the 1.3400 mark.

Support for the EURUSD is seen at 1.3370 and resistance is seen at 1.3442.



Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
Медаль
Сообщений: 858
Date : 4th August 2014

LOW VOLATILITY AT THE START OF THE WEEK. ECB PRESS CONFERENCE AND MINIMUM BID RATE ON FOCUS THIS WEEK.


EURUSD rose on Friday and closed at 1.3430. The US dollar lost some of its gains against its European counterpart after the Unemployment Rate in the United States unexpectedly rose to 6.2 percent from 6.1 percent during the previous month. The US Non-Farm Payrolls also rose less than expected to a reading of 209K. In the Eurozone the Manufacturing PMI in Germany recorded a drop to a reading of 52.9.




Data released today indicated that the Sentix Investor Confidence in the Eurozone dropped to a level of 2.7 in August from the previous 10.1 level in July.

The main economic events of the week will be the ECB Press Conference and Minimum Bid Rate decision. Both are due to be delivered on Thursday.

Investors are now looking forward for the ISM Non-Manufacturing PMI due from the United States tomorrow.

Support for the EURUSD is seen at 1.3370 and resistance is seen at 1.3442.




Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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