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Forums > Commercial Zone > Third Party Market Analytics > Hotforex.com - Market Analysis and News.
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19 Aug 2014 9:08 AM
Date : 19th August 2014

EURUSD PRINTING NEW LOWS AHEAD OF THE US CPI AND BUILDING PERMITS DATA.

EURUSD dropped yesterday and closed at 1.3362. Bundesbank warned yesterday that the economy in Germany could struggle to regain momentum due to the negative outlook for the European economy. The Trade Balance in the Eurozone failed to meet the market expectation coming at a reading of 13.8B in June. Data from the United States revealed that the NAHB Housing Market Index rose to a reading of 55 in August marking its highest output in 7 months.



Data released today indicated the Current Account in the Eurozone dropped to 13.1B in June, market had expected a drop to 19.3B.

Investors are now looking forward for the CPI m/m , the Building Permits and the Core CPI m/m releases due from the United States.

Support for the EURUSD is seen at 1.3336 and resistance is seen at 1.3416.

EURUSD-19-August-2014

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.
Edited:19 Aug 2014 9:09 AM
20 Aug 2014 9:36 AM
Date : 20th August 2014

EURUSD BROKER THE 1.3300 LEVEL MAKING ITS 11-MONTH LOW LEVEL AGAINST THE US DOLLAR AHEAD OF THE FOMC MEETING MINUTES.


EURUSD dropped yesterday and closed at 1.3319. The Current Account in the Eurozone dropped to a reading of 13.1B in June. On the other hand the releases from the United States were positive. The Building Permits in the largest economy in the world rose to 1.05M in July. The Housing Starts also recorded a gain in July coming at a reading of 1.09M.



Data released today indicated that the German Producer Price Index dropped -0.1 percent in July.

The EURUSD broke the 1.3300 level making its 11-month low level against its US counterpart and its currently still holding below it.

Investors are looking forward for the FOMC Meeting Minutes due later today.

Support for the EURUSD is seen at 1.3274 and resistance is seen at 1.3366.

EURUSD-20-August-2014

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.
Edited:20 Aug 2014 9:37 AM
21 Aug 2014 9:08 AM
[B]Date : 21st August 2014

EURUSD PRINTED NEW LOWS AFTER THE FOMC MEETING MINUTES. US UNEMPLOYMENT CLAIMS ON TAP.[/B]

EURUSD dropped yesterday and closed at 1.3258. The Producer Price Index in the Germany dropped to a reading of -0.1 percent in July. The German Chancellor Angela Merkel urged the leaders of the Eurozone to coordinate more close the construction flaws in order to overcome the debt crisis in the currency bloc.



During the FOMC Meeting Minutes the US dollar strengthened after the committee members noted the improvement in the labour market and the inflation getting to its long-term prospective. The minutes indicated that the future course of the interest rates in the largest economy in the world would be dependent on how the inflation and labour market conditions evolve.

Investors are now looking forward for the Unemployment Claims and the Philly Fed Manufacturing Index due from the United States.

Support for the EURUSD is seen at 1.3242 and resistance is seen at 1.3324.

EURUSD-21-August-2014

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.
Edited:21 Aug 2014 9:10 AM
22 Aug 2014 8:12 AM
Date : 22nd August 2014

SLOW MARKET AHEAD OF THE SPEECH OF THE FED CHAIR JANET YELLEN. 

EURUSD rose yesterday and closed at 1.3280. The Manufacturing PMI in the Eurozone dropped to a 13-month low in August coming at a reading to a reading of 50.8. The Services PMI also dropped marking a 2-month low in August at a reading of 53.5. The Consumer Confidence in the Euro area also dropped to a reading of -10. In the United States the President of the Federal Reserve in Kansas City Esther George stated in an interview from the central bank symposium in Jackson Hole that there is steady improvement in the labour market in the US. The Unemployment Claims data released yesterday indicated that the number of people filling applications for unemployment assistance dropped to 298K during the last week. Another report indicated that the Philly Fed Manufacturing Index rose to 28 in August. The Existing Home Sales report was also positive at 5.15M in July.




Investors are now looking forward for the speech of the Fed Chair Janet Yellen and the speech of the ECB President Mario Draghi at Jackson Hole.
Support for the EURUSD is seen at 1.3242 and resistance is seen at 1.3324.

EURUSD-22-August-2014

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.
Edited:22 Aug 2014 8:15 AM
25 Aug 2014 9:12 AM
Date : 25th August 2014

EURUSD PUSHED THROUGH THE 1.3200 LEVEL AT THE MARKET OPEN. US NEW HOME SALES ON TAP.


EURUSD dropped on Friday and closed at 1.3241. During its speech in Kansas city at the Jackson Hole annual conference the President of the European Central Bank Mario Draghi stated that ECB is ready to respond with all of its available tools if the inflation in the EU drops further. Market counted that as a signal of a potential further easing by ECB.




Earlier today a report from Europe showed that the German Ifo Business Climate dropped for a fourth consecutive month to a reading of 106.3 in August.

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

Support for the EURUSD is seen at 1.3184 and resistance is seen at 1.3291.



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.
Edited:25 Aug 2014 9:15 AM
27 Aug 2014 6:51 AM
Date : 27th August 2014

EURUSD PRINTED NEW LOWS IN THE ASIAN SESSION. LIGHT ECONOMIC CALENDAR TODAY.

EURUSD dropped yesterday and closed at 1.3166. The Durable Goods Orders in the United States rose to a record level at 22.6 percent on a monthly basis in July. Market had expected a rise of 7.8 percent. The CB Consumer Confidence in the largest economy in the world rose to its highest reading since October 2007 coming at 92.4 in August. The Richmond Manufacturing Index also recorded a gain coming at a reading of 12 in August.

The Economic Calendar for the rest of the session is light, but potential volatility on the market is possible and can be witnessed.

Support for the EURUSD is seen at 1.3157 and resistance is seen at 1.3291.

EURUSD-27-August-2014

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.
Edited:27 Aug 2014 6:52 AM
28 Aug 2014 9:55 AM
Date : 28th August 2014

EURUSD TRADING LOWER AFTER THE 2ND ESTIMATE GDP FROM THE UNITED STATES CAME BETTER THAN THE MARKET EXPECTATIONS.

EURUSD rose yesterday and closed at 1.3192. The German Gfk Consumer Confidence fell to a reading of 8.6. The German Import Prices also recorded a drop of a -0.4 percent on a monthly basis in July. In an interview the German Finance Minister Wolfgang Schaeuble stated that the comments made by the ECB President Mario Draghi at Jackson Hole were over-interpreted which fuelled a speculation that the central bank is not so close to introducing additional stimulus measures.

Information about a potential Russian invasion in Ukraine brought some slight volatility on the market earlier today.

Data released today revealed that the second estimate GDP in the United States came out better than expected at 4.2 percent. The Unemployment Claims data also released today showed that the number of the people who filled documents for unemployment benefits during the last week is 298K which is close to the market expectation for a 299K.

Investors are now looking forward for the Pending Home Sales month over month release due from the United States.

Support for the EURUSD is seen at 1.3157 and resistance is seen at 1.3291.

EURUSD-28-August-2014


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.
Edited:28 Aug 2014 9:57 AM
29 Aug 2014 10:30 AM
Date : 29th August 2014

EURUSD HOLDING BELOW THE 1.3200 LEVEL AFTER THE CPI FLASH ESTIMATE REPORT.


EURUSD dropped yesterday and closed at 1.3181. The second quarter GDP report from the United States showed an expansion of 4.2 percent on an annual basis better than the forecasted 3.9 percent rise. A separate report indicated that the Pending Home Sales in the largest economy in the world rose 3.3 percent on a monthly basis in July.

Data released today indicated that the annual inflation in the Eurozone dropped to a level of 0.3 percent in August. Investors are now looking forward for the Chicago PMI report due from the United States.

Support for the EURUSD is seen at 1.3157 and resistance is seen at 1.3291.


EURUSD-29-August-2014

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.
Edited:29 Aug 2014 10:36 AM
01 Sep 2014 9:13 AM
Date : 1st September 2014

EURUSD TRADING NEAR ITS FRIDAY’S CLOSE. GERMAN FINAL GDP CAME OUT AS EXPECTED.

EURUSD dropped sharply on Friday and closed at 1.3131. The Unemployment Rate in the Euro area remained at 11.5 percent in July. The Retail Sales in Germany fell 1.4 percent on a monthly basis in July. Data from the United States revealed that the Consumer Sentiment Index rose to a level of 82.5 in July marking its 7 year high level. The biggest surprise on the market was the Chicago Fed PMI which came out at a reading of 64.3 in August. Market had expected a rise to a reading of 56.0.

Data released today indicated that the German Final GDP data came out in line with the market expectations at a reading of -0.2 percent.

The US banks will be closed today due to the observance of the Labor Day.

Support for the EURUSD is seen at 1.3118 and resistance is seen at 1.3217.

 EURUSD-01-September-2014

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.
Edited:01 Sep 2014 9:19 AM
02 Sep 2014 9:12 AM
Date : 2nd September 2014

EURUSD TRADING NEAR ITS FRIDAY’S CLOSE. GERMAN FINAL GDP CAME OUT AS EXPECTED.

EURUSD rose yesterday and closed at 1.3127. The final release of the GDP for the second quarter in Germany showed a contraction to -0.2 percent in line with the market expectations. The Eurozone Final Manufacturing PMI contracted to a reading of 50.7 in August. The Spanish and Italian Manufacturing PMI also recorded a drop coming at readings of 52.8 and 49.8 accordingly. Prospects of potential further sanctions by the European Union leaders against Russia also flooded the market and pressurized the single European currency.

Data released today indicated that the Producer Price Index dropped -0.1 percent on a monthly basis in July.

Investors are now looking forward for the US ISM Manufacturing PMI due later today.

Support for the EURUSD is seen at 1.3109 and resistance is seen at 1.3191.

EURUSD-02-September-2014

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.
Edited:02 Sep 2014 9:14 AM
03 Sep 2014 8:43 AM
Date : 3rd September 2014

EURUSD GAINED IN THE EUROPEAN SESSION ON RUMORS ABOUT PERMANENT CEASEFIRE AGREEMENT BETWEEN PUTIN AND POROSHENKO.

EURUSD rose yesterday and closed at 1.3132. The manufacturing activity in the United States expanded in August at the fastest rate in more than 3 years. The ISM Manufacturing Purchasing Managers Index rose to a reading of 59.0 in August. The Construction Spending in the largest economy in the world also recorded a gain coming at a 1.8% in July against the market expectations of 0.9 percent rise.

Data about permanent ceasefire in Donbas, Ukraine after a discussion between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin sent the EURUSD higher and the pair is currently in the mid 1.3150’s area. Although the information has not been confirmed yet as 100 percent accurate and investors should be fully aware of a potential new wave of volatility on the market.

Another data source indicated that the EU Commission might propose a new round of sanctions against Russia in the afternoon.

Support for the EURUSD is seen at 1.3109 and resistance is seen at 1.3191.

EURUSD-03-September-2014

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
Edited:03 Sep 2014 8:54 AM
04 Sep 2014 7:51 AM
Date : 4th September 2014

LOW MARKET VOLATILITY AHEAD OF THE ECB RATE DECISION AND ECB PRESS CONFERENCE.


EURUSD rose yesterday and closed at 1.3149. The pair rose after reports about a possible cease-fire agreement between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin. In the economic news the services sector in Germany continued to worsen in August coming at a reading 54.9. The Services PMI in the Eurozone also recorded a drop coming at a reading of 53.1 in August. The Retail Sales in the EU also dropped on a monthly basis recording a 0.4 percent drop in July. In the United States the factory orders rose 10.5 percent in July. The Fed’s Beige Book indicated that the economy in the US continued to expand at a moderate to modest pace over the summer.


With the high impact economic releases today is the most important day of the current week for the financial markets. Investors are looking forward for the ECB Minimum Bid Rate decision, the ECB Press Conference, the ADP Non-Farm Employment Change data from the United States as well as the Jobless Claims report.

Investors should be fully aware of the potential high volatility that we may witness today on the market during the time of the economic releases.

Support for the EURUSD is seen at 1.3109 and resistance is seen at 1.3191.

EURUSD-04-September-2014

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.
Edited:04 Sep 2014 7:54 AM
05 Sep 2014 10:18 AM
Date : 5th September 2014

THE US DOLLAR CONTINUES TO BE STRONG AGAINST THE EURO AFTER THE POOR NFP REPORT RELEASED TODAY.
 

EURUSD dropped yesterday and closed at 1.2943. The sharp move yesterday was caused by the unexpected decision of the European Central Bank to cut its benchmark interest rate by 10 basis points to the record low level of 0.05 percent. During the ECB Press Conference Mario Draghi also announced a new economic stimulus program that will involve purchasing of covered bonds and ABS. Draghi also cut the growth forecast of the Euro area for 2014 to 0.9 percent. He also indicated that plans for QE are still on the table.


n the United States the positive releases also boosted the strength of the US dollar and continued to reinforce the rumors of an earlier interest rate hike. The ISM Non-Manufacturing PMI increased to a reading of 59.6 in August. The Trade Balance in the largest economy in the world also dropped to 40.5 billion in July marking its lowest level since January.

Data released today indicated that the Unemployment Level in the United States dropped to 6.1 percent in August. However the NFP report was a worse than expected showing 142K new jobs created in August. Market had expected an increase of 226K. Even after the worse than expected NFP report the US dollar remained relatively strong against its European counterpart.

Support for the EURUSD is seen at 1.2923 and resistance is seen at 1.3107.

EURUSD-05-September-2014


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.
Edited:05 Sep 2014 10:20 AM
08 Sep 2014 7:47 AM
Date : 8th September 2014

EURUSD TRADING NEAR THE LOWS AT THE START OF THE WEEK. EU SENTIX INVESTOR CONFIDENCE WENT IN NEGATIVE TERRITORY.


EURUSD rose on Friday and closed at 1.2950. The Industrial Production in Germany rose 1.9 percent on a monthly basis in July. The US dollar lost some ground after the worse than expected Non-Farm Payrolls report from the United States. The NFP showed 142K new jobs created in August, but the market had expected a larger increase of 230K. On the other had the Unemployment Rate in the largest economy in the world dropped to a level of 6.1 percent in August from the previous 6.2 percent level. During the weekend the President of the United States Federal Reserve in Philadelphia stated that Fed needs to raise the interest rates sooner and with gradual steps in order to keep the US economy functioning smoothly.



Data released today showed that the Sentix Investor Confidence in the Eurozone dropped to a reading of -9.8 in September. That’s the first time the index goes to a negative reading in more than 12 months.

Support for the EURUSD is seen at 1.2923 and resistance is seen at 1.3108.

EURUSD-08-September-2014

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.
Edited:08 Sep 2014 7:49 AM
09 Sep 2014 11:18 AM
Date : 9th September 2014

EURUSD PRINTED NEW LOWS IN THE EUROPEAN SESSION.


EURUD dropped yesterday and closed at 1.2893. The Sentix Investor Confidence Index in the Eurozone dropped to a reading of -9.8 in September. The German Trade Balance came out at a reading of 22.2B in July. The ECB Governing Council Member Ewald Nowotny stated yesterday that the recent measures that ECB took weakened the Euro and will help exporters from the EU to be more competitive on the global market. The IMG Chief Christine Lagarde stated that the weakening of the Euro against the United States dollar is a positive sign for the recovery in the Eurozone.

Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987



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.
Edited:09 Sep 2014 11:22 AM
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