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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.
Win an experience of a lifetime and some cash to go with it! Registration for the VIP Live Trading contest is now open. HotForex is proud to announce its’ most prestigious and luxurious contest to date. The lucky winning participant along with a friend will receive an all-expenses paid trip to a Mediterranean destination; Cyprus where they will step off a first class ticket and into a limousine to arrive at a 5 star resort for 3 nights. As a reward for winning the contest, the trader will then be invited into the HotForex offices and gain a priceless one to one 4 hour professional course on how to better their trading activities. Once completed, the participant will then be awarded with a $5,000 cash prize! Furthermore, 2nd, 3rd and 4th place winners will also win cash prizes. Registration into the contest will start on July 17th 2013 and will last until August 16th 2013. Visit http://www.hotforex.com/en/contest/vip.html in order to register for this exciting contest and find out more information about it.