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    1. #21
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      Re: Hotforex.com - Market Analysis and News.

      Date : 29th September 2014

      EURUSD PRINTED NEW LOWS AT THE START OF THE WEEK. LIGHT ECONOMIC CALENDAR FOR THE SESSION AHEAD.


      EURUSD dropped on Friday and closed at 1.2682. The Gfk Consumer Confidence in Germany dropped for a fifth consecutive month to a reading of 8.3 in October. Data from the United States showed that the Final GDP rose 4.6 percent in the second quarter of 2014. The University of Michigan revised Consumer Sentiment rose to a level of 84.6 in September, market had expected a rise to 85.1.

      The top fundamental releases of the week will be the Minimum Bid Rate and the ECB Press Conference due from Europe and the US Non-farm Payrolls report.

      Support for the EURUSD is seen at 1.2667 and resistance is seen at 1.2783.





      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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    3. #22
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      Re: Hotforex.com - Market Analysis and News.

      Date : 30th September 2014

      EURUSD BROKE THE 1.2600 LEVEL AFTER THE CONSUMER PRICE INDEX IN THE EUROZONE DROPPED TO 0.3 PERCENT IN SEPTEMBER.


      EURUSD rose yesterday and closed at 1.2684. The German Consumer Price Index remained flat in September coming at a reading of 0.0 percent. In Spain the CPI dropped to a reading of -0.2 percent during the same period. Data from the United States revealed that the Pending Home Sales in the largest economy of the world recorded drop of -1.0 percent in August. On the other hand the Personal Spending and the Personal Income in the US rose in line with the market expectations with 0.5 and 0.3 percent accordingly in August.


      Data released today indicated that the Consumer Price Index in the Eurozone dropped to a level of 0.3 percent on an annual basis in September. The release caused a major sell off on the EURUSD and the pair fell below the 1.2600 level. Another report indicated that the Unemployment Rate in the currency union remained stable in August at 11.5 percent.

      Investors are now looking forward for the CB Consumer Confidence data due from the United States later today.

      Support for the EURUSD is seen at 1.2589 and resistance is seen at 1.2713.



      Disclaimer: Nothing in this communication contains, or should be considered as containing,
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    4. #23
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      Re: Hotforex.com - Market Analysis and News.

      Date : 1st October 2014

      EURUSD TRADING NEAR THE 1.2600 LEVEL IN THE EUROPEAN SESSION. US ADP NON-FARM EMPLOYMENT CHANGE ON FOCUS.


      EURUSD dropped yesterday and closed at 1.2630. The CPI Flash Estimate in the Eurozone dropped to a level of 0.3 percent on an annual basis in September. The Unemployment Rate in the currency union remained stable at 11.5 percent. Data from the United States showed that the CB Consumer Confidence dropped to a reading of 86.0 in September. The Chicago PMI also failed to meet the market expectations coming at a reading of 60.5 in September.

      Data released today indicated that the Final Manufacturing PMI in the Eurozone dropped to a level of 50.3 in September.

      Investors are now looking forward for the ADP Non-Farm Employment Change and the ISM Manufacturing PMI releases due from the United States.

      Support for the EURUSD is seen at 1.2586 and resistance is seen at 1.2716.



      Disclaimer: Nothing in this communication contains, or should be considered as containing,
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    5. #24
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      Re: Hotforex.com - Market Analysis and News.

      Date : 2nd October 2014

      EURUSD TRADING HIGHER DURING THE ECB PRESS CONFERENCE. ECB LEFT THE MINIMUM BID RATE AT 0.05 PERCENT.


      EURUSD dropped yesterday and closed at 1.2621. Data released from the Eurozone revealed that the Final Manufacturing PMI in the currency union remained stable in September coming at a reading of 50.3. The ADP Non-Farm Employment Change came out better than expected showing an increase of 213K jobs in September. On the other hand the ISM Manufacturing PMI was a little bit disappointing coming worse than expected at a reading of 56.6 in September.

      Data released today indicated that the Unemployment Claims in the largest economy in the world were less than expected during the last week coming at a reading of 287K. Market had expected a rise to 299K.

      The ECB Press Conference is taking place at the moment and the pair is trading higher following the comments from the ECB President Mario Draghi.

      Support for the EURUSD is seen at 1.2587 and resistance is seen at 1.2668.



      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.

    6. #25
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      Re: Hotforex.com - Market Analysis and News.

      Date : 7th October 2014

      EURUSD TRADING LOWER AFTER THE SHARP DROP OF THE GERMAN INDUSTRIAL PRODUCTION IN AUGUST.


      EURUSD rose yesterday and closed at 1.2654. The Sentix Investor Confidence in the Eurozone dropped to a new low of -13.7 in September. The German Factory Orders dropped sharply to -5.7 percent in August. In the United States the President of the Federal Reserve in Kansas City Esther George opined that the central bank should raise the short-term interest rates. According to her there is a noticeable improvement of the US economy.

      Data released earlier today indicated that the German Industrial Production dropped sharply in August. The release showed a reading of -4.0 percent against the market expectations of a -1.4 percent drop. Following the negative release the single European currency lost ground against its US counterpart and its currently trading below the 1.2600 level.

      Investors are looking forward for the FOMC Meeting Minutes due tomorrow.

      Support for the EURUSD is seen at 1.2508 and resistance is seen at 1.2654.



      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.

    7. #26
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      Re: Hotforex.com - Market Analysis and News.

      Date : 8th October 2014

      EURUSD TRADING HIGHER IN THE LATE EUROPEAN SESSION. INVESTORS ARE AWAITING THE FOMC MEETING MINUTES.


      EURUSD rose yesterday and closed at 1.2668. The German Industrial Production came out at a reading of -4.0 percent on a monthly basis in August. The European Central Bank Governing Council Member Klaas Knot stated that the central bank will continue with its current accommodative policy, because the inflation in the Eurozone is still very low. Data from the United States showed that the JOLTS Job Openings rose to a level of 4.84M in August.

      During his speech yesterday the President of the United States Federal Reserve in New York William Dudley expressed his upbeat view of the US economy and added that Fed might raise the interest rates in the middle of 2015.

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

      Support for the EURUSD is seen at 1.2584 and resistance is seen at 1.2680.



      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.

    8. #27
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      Re: Hotforex.com - Market Analysis and News.

      Date : 9th October 2014

      EURUSD PRINTED NEW HIGHS IN THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS TODAY.


      EURUSD rose yesterday and closed at 1.2732. The German Bundesbank President Jens Weidmann criticized the plans of ECB to buy private sector bonds. On the other hand the ECB Vice President Vitor Constancio spoke in favor of the recent measures taken by the central bank in order to battle with the low inflation in the Euro area. The FOMC Meeting Minutes revealed that the Fed is planning to end its QE program after the end of this month and keep the interest rates low for a considerable period of time. Furthermore some policy members added their concerns about the strong dollar which may hurt the US exports if it continues to strengthen further.

      Investors are looking forward for the speech of the President of the European Central Bank Mario Draghi at the Brookings Institution in Washington DC and the Unemployment Claims data due earlier.

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



      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.

    9. #28
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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..



      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.

    10. #29
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.



      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.

    11. #30
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.

    12. #31
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.

    13. #32
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.



      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.

    14. #33
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.

    15. #34
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.

    16. #35
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.

    17. #36
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.

    18. #37
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.



      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.

    19. #38
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.



      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.

    20. #39
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      Re: Hotforex.com - Market Analysis and News.

      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.



      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.

    21. #40
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      Re: Hotforex.com - Market Analysis and News.

      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.

      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.



      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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