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Date : 10th October 2014

 

EURUSD TRADING LOWER IN THE EUROPEAN SESSION. DAY 1 OF THE IMF MEETINGS ON FOCUS.

 

EURUSD dropped yesterday and closed at 1.2689. The German Trade Balance dropped to a level of 17.5B in August. During his speech at the Brookings Institution in Washington DC the President of the European Central Bank Mario Draghi stated that he expects the bank lending in the Eurozone to pick up in the early 2015 and also assured that ECB will boost the inflation from its current low levels. He also mentioned that ECB is ready to take any additional measures if needed. The IMF Managing Director Christine Lagarde raised her concerns over the Eurozone possibly falling back into recession unless the central bank and all countries in the Euro area don’t step up and take measures to prevent it.

 

shutterstock_120335500.jpg

 

Data from the United States indicated that the Unemployment Claims during the last week dropped to a level of 287K. The President of the United States Federal Reserve in San Francisco John Williams indicated that the Fed would likely raise its interest rates in the middle of 2015.

 

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785..

 

EURUSD-10-October-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.

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Date : 13th October 2014

 

EURUSD PUSHED HIGHER IN THE ASIAN SESSION. US BANKS WILL BE CLOSED TODAY DUE TO THE OBSERVANCE OF COLUMBUS DAY.

 

EURUSD dropped on Friday and closed at 1.2628. The ECB Governing Council member Peter Praet stated that the economy in the Eurozone would post a modest recovery in the 3rd quarter of 2014. Data from the United States indicated that the export prices dropped 0.2 percent on a monthly basis in September. The President of the United States Federal

Reserve in Kansas Esther George indicated that Fed would most likely raise its interest rates next year.

 

eur-usd-blog.jpg

 

During the weekend the President of the European Central Bank Mario Draghi stated that he sees no risk for the government bond markets in the Eurozone. Draghi also stated that ECB is ready to take further steps if needed in order to bring the annual inflation closer to the 2 percent target.

 

The banks in the United States will be closed today due to the observance of Columbus Day.

 

Support for the EURUSD is seen at 1.2610 and resistance is seen at 1.2785.

 

EURUSD-13-October-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.

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Date : 14th October 2014

 

EURUSD TRADING LOWER AFTER THE WORSE THAN EXPECTED GERMAN ZEW ECONOMIC SENTIMENT REPORT.

 

EURUSD rose yesterday and closed at 1.2749. Data from Germany indicated that the Wholesale Price Index rose 0.1 percent in September. The ECB Executive Board Member Peter Praet opined that there is no deflation risk in the Eurozone at present, but any shock to the economy could move the currency union towards deflation.

 

Data from Germany released today indicated that the German ZEW Economic Sentiment dropped sharply in October to a reading of -3.6 from a reading of 6.9 during the previous month. The Industrial Production in the Eurozone also recorded a drop on a monthly basis to a reading of -1.8 percent in August.

 

Investors are now focused on the outcome of the ECOFIN Meetings taking place today in Brussels.

 

Support for the EURUSD is seen at 1.2610 and resistance is seen at 1.2785.

 

EURUSD-14-October-2014-0.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.

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Date : 15th October 2014

 

EURUSD IS TRADING NEAR THE LOWS IN THE EUROPEAN SESSION. US RETAIL SALES AND PPI DATA ON TAP.

 

EURUSD dropped yesterday and closed at 1.2657. The German ZEW Economic Sentiment dropped for a 10th consecutive month to a reading of -3.6 in October. The ZEW Economic Sentiment of the Eurozone also registered a drop to a level of 4.1 in October. The European Union finance ministers finished a two day meeting in Brussels yesterday and urged for more investments to improve the struggling economies of the EU. They also agreed to crack down the tax evasion in the Eurozone by 2017 (2018 for Austria).

 

Data released from the United States revealed that the NFIB Small Business Index dropped to a level of 95.3 in September.

 

A report released today showed that the German Final CPI remained at 0.0 percent in September.

 

Investors are now looking forward for the Core Retail Sales month over month, the Retail Sales month over month and the Producer Price Index month over month releases due from the United States. Later on the President of the European Central Bank Mario Draghi speaks at the grand opening of the European Cultural Days 2014 organized by the European Central Bank in Frankfurt.

 

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2749.

 

EURUSD-15-October-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.

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Date : 16th October 2014

 

EURUSD ROSE SHARPLY AFTER POOR ECONOMIC DATA FROM THE UNITED STATES.

 

EURUSD rose yesterday and closed at 1.2837. The Consumer Price Index in Germany rose 0.8 percent on an annual basis in September in line with the market expectations. Data from the United States revealed that the Retail Sales in the largest economy in the world dropped to a reading of -0.3 percent in September. The Producer Price Index in the US also registered a drop coming at -0.1 percent in September. Additionally the Empire State Manufacturing Index dropped sharply in October to a level of 6.2 from a 27.5 registered during the previous month.

 

shutterstock_956816321.jpg

 

The Final CPI data released from the Eurozone came out in line with the market expectations at 0.3 percent.

 

Investors are now looking forward for the series of high impact releases due from the United States including the Unemployment Claims, the Industrial Production month over month and the Philly Fed Manufacturing Index.

 

Support for the EURUSD is seen at 1.2726 and resistance is seen at 1.2841.

 

EURUSD-16-October-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.

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Date : 20th October 2014

 

EURUSD ROSE SHARPLY AFTER POOR ECONOMIC DATA FROM THE UNITED STATES.

 

EURUSD dropped on Friday and closed at 1.2757. The Governing Council Member of the European Central Bank Ewald Nowotny that the economic growth outlook of the Eurozone may be slashed for 2015 from its 1.6 percent level. The ECB Vice President Vitor Constancio warned that any further drop in the inflation in the Euro area could be extremely harmful.

 

Data from the United States supported the US dollar at the end of the week. The University of Michigan reported that the consumer sentiment in the states rose to a reading of 86.4. The Housing Starts in the US also rose to 6.3 percent on a monthly basis in September. The Fed Chair Janet Yellen cautioned that the growing economic inequality in the US, posed a risk to the nation’s economic growth.

 

Data released today indicated that the German Producer Price Index remained at 0.0 percent on a monthly basis in September. Another report revealed that the Current Account in the Eurozone dropped to 18.9B in August.

 

Support for the EURUSD is seen at 1.2726 and resistance is seen at 1.2841.

 

EURUSD-20-October-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.

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Date : 22nd October 2014

 

EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. CPI DATA FROM THE UNITED STATES ON FOCUS.

 

EURUSD dropped yesterday and closed at 1.2715. Reports from different sources emerged that the European Central Bank is planning to expand its asset purchase program by doing corporate debt purchases. Data from the United States indicated that the Existing Home Sales from the United States in the largest economy of the world rose 2.4 percent on a monthly basis in September.

 

Investors are now looking forward for the Consumer Price Index and the Core Consumer Prices index month over month reports due from the United States later today.

 

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785.

 

EURUSD-22-October-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.

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Guest muhitalam

EURUSD

wise to watch and plan the sell at EURUSD - see the important fibo near 1.2713. plan again take sell if truly, seller success move more bellow fibo 1.2713 then.

 

GBPUSD

ok, for next move, i will call nice sell for GBPUSD if only pair continue to bellow fibo 1.6109 again. if not - just wait is better.

 

USDJPY

trend bulls also at USDJPY - yesterday we see nice bullish pinbar. buy ok if pair continue to above 107.02.

 

USDCHF

now USDCHF look to more bulls. important fibo level is near 0.9492. buy this pair if buyer also can continue to above that 0.9492.

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Date : 23rd October 2014

 

EURUSD IS TRYING TO RESUME THE DOWNTREND. US UNEMPLOYMENT CLAIMS ON FOCUS TODAY.

 

EURUSD dropped yesterday and closed at 1.2644. The United States dollar gained ground against its European counterpart after data released from the US revealed that the Consumer Price Index in the largest economy of the world unexpectedly rose 0.1 percent in September. The Crude Oil Inventories in the US remained at 0.1 percent. The Crude Oil Inventories in the US came out at 7.1M during the last week.

 

Data released today showed that the German Flash Manufacturing PMI rose to 51.8 in October.

 

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

 

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785.

 

EURUSD-23-October-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.

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Date : 24th October 2014

 

EURUSD TRADING IN TIGHT RANGE IN THE EUROPEAN SESSION. US NEW HOME SALES ON FOCUS IN THE AFTERNOON.

 

EURUSD traded sideways yesterday and closed at 1.2646. Data released from the Eurozone revealed that the Flash Manufacturing Purchasing Managers Index rose to 50.7 in October. The Flash Services PMI also registered a rise coming at a reading of 52.4 in October. Data from the Germany revealed that the manufacturing activity in the largest economy of the Eurozone returned to expansion with the Flash Manufacturing PMI coming at a reading of 51.8 in October.

 

Data from the United States indicated that the Unemployment Claims rose to a reading of 283K during the last week. The Flash Manufacturing PMI in the largest economy in the world dropped slightly in October coming at a reading of 56.2. On the other hand the House Price Index rose 0.5 percent on a monthly basis in August.

 

Investors are now looking forward for the New Home Sales report due later today from United States.

 

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2733.

 

EURUSD-24-October-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.

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Date : 27th October 2014

 

EURUSD PUSHED BELOW THE 1.2700 LEVEL IN THE EARLY EUROPEAN SESSION.

 

EURUSD rose on Friday and closed at 1.2670. The German Gfk Consumer Confidence Index rose to a level of 8.5 in November. The President of the European Central Bank urged the nations in the Eurozone to do more structural economic reforms. Data from the United States showed that the New Home Sales in the largest economy in the world rose unexpectedly to a 6-year high level of 0.2 percent in September against the market expectations of a 6.8 percent drop.

 

bullandbear-blog.jpg

 

Over the weekend the ECB reported that most of the biggest banks in the Eurozone passed the stress test and have enough capital to stand another slowdown in the financial system. However 25 from 150 banks failed to pass the stress test showing cumulative shortfall of 24.6 billion Euro.

 

Investors are now looking forward for the German Ifo Business Climate report due from the Eurozone and the Pending Home Sales data due from the United States.

 

Support for the EURUSD 1.2624 and resistance is seen at 1.2713.

 

EURUSD-27-October-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.

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Date : 28th October 2014

 

EURUSD TRADING NEAR THE 1.2700 LEVEL IN THE EUROPEAN SESSION. DATA FROM THE UNITED STATES DOMINATES THE ECONOMIC CALENDAR TODAY.

 

URUSD rose yesterday and closed at 1.2967. The European Central Bank reported that during the last week purchased 1.7 billion Euro worth of covered bonds. Data from Germany indicated that the German IFO Business Climate dropped to a level of 103.2 in October. The data from the United States followed the negative tone with the Pending Home Sales increasing less than the market expectations with a rise of 0.3 percent in September. The Flash Services PMI in the largest economy in the world also dropped to a level of 57.3 in October.

 

Fotolia_5930319_XS.jpg

 

Investors are now looking forward for the Core Durable Goods Orders and the CB Consumer Confidence releases due from the United States later today.

 

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2713.

 

EURUSD-28-October-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.

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Date : 29th October 2014

 

EURUSD REVERSED ITS GAINS AND CONSOLIDATES AHEAD OF THE FOMC STATEMENT.

 

EURUSD rose yesterday and closed at 1.2729. The United States dollar lost ground against its European counterpart after the Core Durable Goods Orders dropped -0.2 percent on a monthly basis in September. The Durable Goods Orders also recorded a drop of -1.3 percent on a monthly basis in September. However part of the losses were capped after the CB Consumer Confidence in the largest economy in the world hit a 7-year high level of 94.5 in October.

 

Fotolia_29088424_XS.jpg

 

Investors are now looking forward for the Core Durable Goods Orders and the CB Consumer Confidence releases due from the United States later today.

 

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2713.

 

EURUSD-29-October-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.

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Date : 30th October 2014

 

EURUSD DROPPED SHARPLY AFTER THE FOMC STATEMENT. SERIES OF HIGH IMPACT US RELEASES ON TAP TODAY.

 

EURUSD dropped yesterday and closed at 1.2635. During its monthly monetary policy meeting the United States Federal Reserve agreed to end its asset-purchase program. Fed kept its benchmark interest rate unchanged at 0.25 percent, but stated that if the US economy improves faster than expected the first rate hike might come sooner than expected.

 

The European Central Bank revealed in its quarterly bank lending survey that the banks in the Eurozone had eased the loan standards to the private sector in the 3rd quarter of 2014.

 

Investors are now looking forward for the Advance GDP data, the Unemployment Claims and the speech of the Fed Chair Janet Yellen due from the United States later today.

 

Support for the EURUSD is seen at 1.2565 and resistance is seen at 1.2667.

 

EURUSD-30-October-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.

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Date : 1st November 2014

 

EURUSD HOLDS BELOW THE 1.2500 LEVEL IN THE EUROPEAN SESSION.

 

EURUSD dropped on Friday and closed at 1.2523. The Retail Sales in the Germany dropped 3.2 percent on a monthly basis in September. The Consumer Price Index in the Eurozone matched the market expectations coming at a reading of 0.4 percent on an annual basis in October. The Unemployment Level remained unchanged at 11.5 percent in September. Data from the United States revealed that the US Michigan Consumer Sentiment rose to a level of 86.9 in October.

 

Investors are now looking forward for the ISM Manufacturing PMI data due from the United States later today.

 

Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.

 

EURUSD-03-November-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.

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Date : 4th November 2014

 

EURUSD CONSOLIDATES IN THE EUROPEAN SESSION. US TRADE BALANCE DATA ON TAP.

 

EURUSD dropped yesterday and closed at 1.2481. The Final Manufacturing PMI in the Eurozone came out at a reading of 50.6 in October. The European Central Bank Governing Council Member Ewald Nowotny stated in an interview for a newspaper that the ECB needs to be cautious about buying government bonds from the European countries.

 

Data from the United States supported the US dollar strength. The ISM Manufacturing PMI rose to a level of 59.0 in October. On the other hand the Construction Spending dropped to a reading of -0.4 percent in September. The ISM Manufacturing Prices also registered a drop coming at a reading of 53.5 in September.

 

Investors are now looking forward for the US Trade Balance data.

 

Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.

 

EURUSD-04-November-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.

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Date : 5th November 2014

 

EURUSD SLIPPED BELOW THE 1.2500 LEVEL IN THE EUROPEAN SESSION. ISM NON-MANUFACTURING PMI FROM THE UNITED STATES ON TAP.

 

EURUSD rose yesterday and closed at 1.2544. The European Commission downgraded the economic growth projections for the Eurozone to 0.8 percent for 2014 and 1.1 percent for 2015 from the previous 1.2 and 1.7 percent for the same periods citing the slowdown in the global economy. The inflation forecast for the Eurozone was also lowered to 0.8 percent for 2015 and 1.5 percent for 2016.

 

The US dollar lost ground after worse than expected Factory Orders report. In September the factory orders in the largest economy of the world dropped 0.6 percent.

 

A report indicated that the ADP Non-Farm Employment Change in the United States rose to a reading of 230K in October. Market had expected a drop to 214K. Investors are now looking forward for the ISM Non-Manufacturing PMI due from the United States later today.

 

Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.

 

EURUSD-05-November-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.

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Date : 6th November 2014

 

EURUSD TRADING HIGHER AHEAD OF THE ECB MINIMUM BID RATE DECISION AND PRESS CONFERENCE.

 

EURUSD dropped yesterday and closed at 1.2485. The Retail Sales in the Eurozone dropped to a reading of -1.3 percent on a monthly basis in September. The Final Services in the EU slowed down to a level of 52.3 in October.

 

In the United States the Republicans gained control over the US senate for a first time since 2006 during the midterm 2014 elections.

 

In the economic news the US ISM Non-Manufacturing PMI dropped to a level of 57.1 in October. On the other hand the ADP Non-Farm Employment Change came out better than the market expectations at a reading of 230K in October.

 

Investors are now looking forward for the ECB Minimum Bid Rate Decision and the ECB Press Conference due from the Europe and the Unemployment Claims report due from the United States. Depending on the outcome of the releases we might witness high volatility on the market and investors should be fully aware of that.

 

Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.

 

EURUSD-06-November-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.

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Date : 7th November 2014

 

EURUSD PUSHED BELOW THE 1.2400 LEVEL AFTER THE ECB PRESS CONFERENCE. US NON-FARM PAYROLLS REPORT ON TAP.

 

EURUSD dropped sharply yesterday and closed at 1.2374. The President of the European Central Bank Mario Draghi indicated yesterday that the policymakers are preparing additional stimulus measures to inject liquidity in the economy of the Eurozone if needed. ECB maintained its Minimum Bid Rate at 0.05 percent in line with the market expectations.

 

Data released from the United States indicated that the number of people claiming initial unemployment benefits dropped to 278K during the last week. The President of the United States Federal Reserve in Cleveland Loretta Mester anticipated a rise in the interest in the largest economy in the world to come sometime in 2015, citing the stable inflation.

 

Investors are now focused on the outcome of the US Non-Farm Payrolls report and the Unemployment Rate data. Later today the President of the United States Federal Reserve Janet Yellen speaks at the Bank of France’s Symposium “Central Banking: The Way Forward?,” in Paris.

 

Support for the EURUSD is seen at 1.2368 and resistance is seen at 1.2563.

 

EURUSD-07-November-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.

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Date : 10th November 2014

 

EURUSD TRADING HIGHER IN THE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR TODAY.

 

EURUSD rose on Friday and closed at 1.2454. The Non-Farm Payrolls in the United States rose less than the market expectations to a level of 214K in October. Market had expected an increase of 235K. On the other hand the Unemployment Rate in the largest economy in the world dropped to a level of 5.8 percent in October reaching its lowest level since 2008. The Average Hourly Earnings in the US recorded a gain of 0.1 percent on a monthly basis in October. The Fed Chair Janet Yellen pointed towards the weak government support across the globe as a reason for the global economic slowdown.

 

The President of the United States Federal Reserve in Chicago Charles Evans urged the US central bank to remain patient while increasing the interest rates. He also opined that the US economy will grow 3 percent in the next 18 months, but remained skeptical for the inflation to reach the 2 percent target soon.

 

Support for the EURUSD is seen at 1.2368 and resistance is seen at 1.2526.

 

EURUSD-10-November-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.

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Date : 13th November 2014

 

EURUSD TRADING HIGHER AHEAD OF THE UNEMPLOYMENT CLAIMS REPORT. FED CHAIR JANET YELLEN SPEAKS LATER TODAY.

 

EURUSD dropped yesterday and closed at 1.2434. The President of the European Central Bank Mario Draghi stated that ECB is ready to take further unconventional measures if the inflation expectations in the Eurozone weaken further. He also stated that the interest rates in the region will remain at the record low levels for an extend period of time.

 

Fotolia_32973386_XS1.jpg

 

In the economic news the Industrial Production in the Eurozone rose 0.6 percent on a monthly basis in September. The German Wholesale Price Index dropped -0.6 percent on a monthly basis in October.

 

The President of the United States Federal Reserve in Philadelphia Charles Plosser stated that Fed should raise the interest rates sooner than later, citing the considerable progress of the US economy. On the other hand the President of Minneapolis Fed Narayana Kocherlakota stated that raising the rates of 2015 would be inappropriate due to the fragile nature of the US economic recovery.

 

Investors are now looking forward for the Unemployment Claims report and the speech of the Fed Chief Janet Yellen due later today.

 

Support for the EURUSD is seen at 1.2404 and resistance is seen at 1.2507.

 

EURUSD-13-November-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.

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Date : 17th November 2014

 

EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS LATER TODAY.

 

EURUSD rose on Friday and closed at 1.2523. The Gross Domestic Product in the Eurozone rose 0.2 percent in the 3rd quarter of 2014. The ECB Executive Board Member Benoit Coeure stated that fiscal policy should be used together with the monetary policies to spur the growth in the Euro are, cause the monetary policies alone cannot do the job.

 

Data from the United States showed that the Retail Sales in the largest economy in the world rose more than expected on a monthly basis registering a 0.3 percent rise in October. The Preliminary University of Michigan Consumer Sentiment recorded its highest reading since July 2007 coming at 89.4 in November. The Business Inventories in the United States also recorded a gain of 0.3 percent in line with the market expectations in September. On Friday the President of the United States Federal Reserve in St Louis, James Bullard hinted that the FOMC would raise the key interest rates in 2015 and it would depend on macroeconomic data.

 

In the mean time EURUSD continues to print new session lows in the European session. Investors are looking forward for the speech of the President of the European Central Bank Mario Draghi on Monetary Policy before the Committee on Economic and Monetary Affairsin Brussels.

 

Support for the EURUSD is seen at 1.2404 and resistance is seen at 1.2568.

 

EURUSD-17-November-2014-0.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.

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Date : 18th November 2014

 

EURUSD PUSHED ABOVE THE 1.2500 LEVEL AFTER BETTER THAN EXPECTED ZEW ECONOMIC SENTIMENT REPORTS.

 

EURUSD dropped yesterday and closed at 1.2448. During his speech yesterday, the President of the European Central Bank Mario Draghi reinforced the commitment of the central bank for using additional unconventional measures to stimulate the growth in the Euro area if needed. The ECB Executive Board Member Yves Mersch cautioned about the possible negative effects of sovereign bond purchases which according to Draghi remain as an option.

 

eur-usd-blog.jpg

 

Data released from the United States showed that the Industrial Production in the largest economy in the world unexpectedly dropped 0.1 percent on a monthly basis in October. Another report indicated that the Empire States Manufacturing Index rose less than expected to a reading of 10.6 in November, but recorded a sharp gain from the previous month’s reading of 6.17.

 

The German ZEW Economic Sentiment data released today indicated a sharp rise to 11.5 in November. Market had expected a reading of 0.9. The ZEW Economic Sentiment in the Eurozone followed the positive tone coming at a reading of 11.0 in November against the market expectations of 4.3.

 

Data released from the United States showed that the Producer Price Index in the US rose more than expected in October recording a gain of 0.2 percent.

 

Support for the EURUSD is seen at 1.2445 and resistance is seen at 1.2568.

 

EURUSD-18-November-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.

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Date : 19th November 2014

 

LOW VOLATILITY ON EURUSD AHEAD OF THE US BUILDING PERMITS DATA. FOMC MEETING MINUTES ON TAP TODAY.

 

EURUSD rose yesterday and closed at 1.2536. The German ZEW Economic Sentiment rose to a level of 11.5 in November registering its first rise since December 2014. The ECB Governing Council Member Klass Knot mentioned that the ECB is ready to use additional QE measures if needed including government bonds.

 

Data from the United States indicated that the NAHB Housing Market Index surprisingly rose to a reading of 58.0 in November. The Producer Price Index also rose registering a rise of 0.2 percent on a monthly basis in October.

 

Investors are now looking forward for the Building Permits and Housing Starts reports due from the United States in the afternoon. The FOMC Meeting Minutes are the top fundamental event scheduled on the Economic Calendar for the day ahead. Investors should be fully aware that during the time of the release there might be high volatility on the market.

 

Support for the EURUSD is seen at 1.2444 and resistance is seen at 1.2547.

 

EURUSD-19-November-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.

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    • Date : 14th October 2019. MACRO EVENTS & NEWS OF 14th October 2019.No-deal Brexit risks are looking more real than ever, with reports suggesting that talks will officially break down this week ahead of the upcoming EU summit on 17 and 18 October. Elsewhere, further US data and Fedspeak could provide more clues about the possibility of a Fed rate cut. Tuesday – 15 October 2019 Consumer Price Index (CNY, GMT 01:30) – September’s Chinese CPI is seen unchanged at 0.7% while the PPI figure is expected to decline further to -1.2%. The overall reading for CPI is estimated to post a gain up to 2.9% y/y. ILO & Average Earnings Index 3m/y (GBP, GMT 08:30) – UK Earnings with the bonus-excluded figure are expected to slip to 3.7% y/y in the three months to August, down from 3.8%y/y. UK ILO unemployment is expected steady at 3.8%, which was the lowest rate seen since December 1974. ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for October is projected at -27 from the -22.5 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though expected to declne further to -33.0 slightly from -22.4. A lower than expected outcome, ties in with the stagnation in market sentiment at the start of the month. Consumer Price Index (NZD, GMT 21:45) – One of the most important figures for FX markets, the y/y CPI for Q3 is expected to come out at 1.4%, compared to 1.7% in the previous quarter. Wednesday – 16 October 2019 Consumer Price Index (GBP, GMT 08:30) – The UK CPI is expected to rebound to a 1.8% y/y rate in September after dipping to 1.7% in August from 2.1% in July. Weakness in sterling from year-go levels should impact some offset to disinflationary forces. Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI is expected to be confirmed at just 0.9% y/y in the final release for September, although the deceleration in the headline rate over the month was largely due to base effects from energy prices, with core inflation actually moving up to 1.0% y/y from 0.9% y/y in August. Consumer Price Index (CAD, GMT 12:30) – The Canadian CPI index is expected to have increased to 2%y/y compared to 1.9%y/y in August. The core CPI measures remained near 2.0%. Retail Sales (USD, GMT 12:30) – Retail Sales are an important determinant of consumer spending thus making it a leading indicator for overall economic growth. Consensus expectations suggest that we should have increased by 0.2% in September, for both the retail sales headline and the ex-auto figure, following a 0.4% August headline rise with a flat ex-auto figure. Fedspeak: Fed Brainard (USD, GMT 19:00) Thursday – 17 October 2019 European Council Summit on Brexit Employment Data (AUD, GMT 01:30) – While the Unemployment Rate is projected to have flipped at 5.3% in September, Employment change is expected to have eased, increasing by 10K compared to 34.7K last month. Retail Sales ex Fuel (GBP, GMT 08:30) – Retail Sales in the UK are anticipated to increase in September, reaching 3.0% on a y/y basis, and 0.5% on a m/m basis, from the 2.7% and -0.2% respectively Housing Data and Building Permits (USD, GMT 12:30) – Housing starts should drop back to a 1.282 mln pace in September, after a sharp rise to a 1.364 mln clip in August with the help of lower mortgage rates. Permits similarly are expected to slow to 1.370 mln in September, after popping to 1.425 mln in September. Permits have shown a solid growth path into Q3 despite a July starts set-back. Philadelphia Fed Manufacturing Survey (USD, GMT 12:30) – The Philly Fed index is seen falling to 7.0 from 12.0 in September, versus a 1-year high of 21.8 in July and a 33-month low of -4.1 in February. The late-September producer sentiment surveys deteriorated significantly after firmness in the early-September reports, and the early-October data will be closely scrutinized to see if this pull-back continued. The “soft data” surveys are at risk of a possible impact from the UAW-GM strike, alongside the ongoing headwind from troubles abroad. Fedspeak: Fed Bowman and Fed Williams (USD, GMT 18:00 and 20:20) Friday – 18 October 2019 European Council Summit on Brexit China Gross Domestic Product (CNY, GMT 02:00)- Chinese GDP is projected to see additional moderation to a 6.1% y/y pace in Q3, from 6.2% in Q2. Industrial Production and Retail Sales (CNY, GMT 02:00) – The September industrial production is forecast at 4.5% y/y from 4.4% previously, while September retail sales likely improved to 7.7% y/y from 7.5%. Fedspeak: Fed Kaplan and Fed Clarida (USD, GMT 15:00 and 15:30) Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. 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 buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • This should really be very easy, but I can't find an article or video to walk me through it. I picked 20 ticker symbols where the stocks are in a tight trading range. I got them all into one list I call "Channel". I'd like to add several indicators that apply to all, such as MACD, volume, 3 moving averages. Then I'd like to scroll through the list, adding trendlines, or horizontal lines to mark the top & bottom of the price channel for each. Then set an alarm for a breakout in each direction that indicates a breakout. Could you point me to an article or video that walks me through how to do this? ...or give me the steps? Thank you, RichardV2, Experienced stock trader back before the Internet was invented.😁
    • The Economic Proscription of U.S. Farmers by China Maybe Forever   Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible.   It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far back as last year. They worry that they’ve put millions in soybean development on account of China. Since Chinese focus is now transferred towards Brazil rather, that market might be gone forever.   Once the confidence merchants have in the U.S. declines as a steady provider because of the trade dispute, the more vital its important for them to support and further broaden other avenues.   The developing danger for American agribusiness presently is that a great part of the piece of the overall industry lost throughout the year will be hard or difficult to win back at any point shortly, the Boston Consulting Group said in a detailed analysis discharged on Wednesday.   This is for the most part because of long term contracts that are regularly recorded among purchasers and sellers, contingent upon the item. The lesson from the analysis shows that U.S. farmers need to turn out to be less reliant on China, and simply trust in the best concerning those customers organizing a rebound sooner or later.   For the time being, China is going to Australia, Brazil, New Zealand, Russia, and also for its domestic producers as an option in contrast to American developed crops and animal proteins.   From the detailed analysis: “The risk that U.S. agribusinesses may for all time lose foreign market share of the overall industry isn’t only hypothetical. In past trade disputes, for example, one with China including beef, the US has not recaptured its lost share. As a result of the increase of U.S. crops and food materials more costly than other choices, high duties bring down the price to merchants who plan to expand. Also, the fewer confidence merchants have in the US as a steady provider, in perspective on the potential for future trade disputes, the more important it progresses toward becoming for them to support and further expand. After some time, merchants could loosen up complex associations with suppliers from the U.S.”   China Receives Blames for the Pressure And this is so because China is important to American farmers. China purchased $19.5 billion in U.S. agricultural items as of 2017, representing 14% of exports of farm produce, in light of BCS analysis. In July 2018, China slammed a 25% levy on U.S. agricultural items.   Exports at that point declined by an incredible 53% for the year. While exports to China have declined also for this year, over past years free fall.   There is another motivation behind why some China customers may not come back to the U.S. China is extending its very own crop acreage, particularly for soybeans. After some time, China will turn out to be progressively independent. Except if request increases generously, China will purchase its very own soybeans, regulating export development and under control in any case.   “Individuals in the business were in a condition of cheerfulness, believing that a bargain would soon be reached,” says Michael McAdoo, associate, and related executive for BCS in Montreal. “Our analysis demonstrates that regardless of whether there is a bargain, there is worry that a similar volume won’t return. They need to try different markets,” he declared.   Source: https://learn2.trade 
    • Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate   China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal.   The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in September from 62.45 million in August, as per information on its site. In tonnage terms, the most recent inflow sums 5.9 tons and comes in as an expansion of about 99.8 tons over the earlier nine months.   Bullion hit the most noteworthy in over six years in September as more slow development, the trade dispute and rate reductions prodded financial specialist request. National banks have been significant purchasers as well, particularly in developing markets. Administrative demands will probably proceed as protectionist strategies and geopolitical concerns add to the request, as forecasted by Suki Cooper, the valuable metals investigator at Standard Chartered Bank.   “With the stressed partnerships with the U.S., China requires support against its enormous possessions of the dollar, and gold serves that capacity,” said Howie Lee, a financial specialist at Singapore-based Oversea-Chinese Banking Corp. “As China turns into a superpower in its very own right, I anticipate progressively gold-purchases.”   China’s High Gold Appetite The PBOC’s continuos running of bullion-purchasing has come against the difficult setting of the trade dispute with the U.S. furthermore, a stamped lull in development at home. While high-level discussions are set to continue in Washington this week, Chinese authorities are flagging they’re progressively hesitant to consent to an expansive bargain.   Spot gold spiked to as much as 0.4% to $1,511.31 an ounce on Monday and exchanged at $1,505.84 in early London exchange. While the value declined 3.2% in September, they remain high at 17% this year. The PBOC information was discharged at the end of the week. Alongside China, Russia has additionally been including generous amounts of bullion. In the initial half-year, national banks overall got 374.1 tons, supporting the overall gold request to a three-year high, the World Gold Council declared.   While a tenth straight month of amassing, shows an unfaltering purchasing trend for the PBOC, China has in the past gone for significant stretches without uncovering moves for its gold possessions. At the point the national bank declared a 57% bounce in savings to 53.3 million ounces in mid-2015, that was the first update in quite a while.   Source: https://learn2.trade   
    • GBPJPY Reverses Its Sell-Off Around the Level at 130.75  OCTOBER 9, 2019  Azeez Mustapha  No Comments   GBPJPY Price Analysis – October 9 In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75.   Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54   GBPJPY Long term Trend: Bearish In the bigger picture, the GBPJPY consolidation structure is still forming from the technical support zone on the level at 126.54 low.   A further upward move may be recorded towards the level at 146.57 and 148.66 in an extension where its resistance is glaring before completing the structure. However, the overall trend remains bearish while displaying an intact downtrend in the medium and long-term.   GBPJPY Short term Trend: Bearish On the 4-hour time frame, its price is trading narrowly between the moving average 5 and 13 close to the key technical support level at 130.44.   As it is presently, the intraday bias in GBPJPY remains on the downside at this point where a corrective rebound from the level at 126.54 low should have completed. Meanwhile, its 4-hour RSI is bearish and pointing lower suggesting further weakness.   Source: https://learn2.trade 
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