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  1. #1

    Hotforex - Daily Market Analysis

    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.

  2. #2
    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.

  3. #3
    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.

    Hotforex - Daily Market Analysis

    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.

  4. #4
    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.

    Hotforex - Daily Market Analysis

    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.

  5. #5
    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.

    Hotforex - Daily Market Analysis

    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.

    Hotforex - Daily Market Analysis

    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. #6
    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.

    Hotforex - Daily Market Analysis

    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.

    Hotforex - Daily Market Analysis

    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. #7
    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.

    Hotforex - Daily Market Analysis

    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.

    Hotforex - Daily Market Analysis

    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. #8
    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.

    Hotforex - Daily Market Analysis

    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. #9
    Date : 3rd 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.

    Hotforex - Daily Market Analysis

    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. #10
    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.

    Hotforex - Daily Market Analysis

    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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