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  1. #1
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    Post Daily EURUSD & GBPUSD Analysis by HotForex

    EURUSD trading lower ahead of the Unemployment Claims data from the United States

    EURUSD dropped yesterday and closed at 1.3199. The single European currency advanced in the first part of the day after positive Manufacturing and Services PMI data from Germany and France. The Preliminary Manufacturing Purchasing Managers Index in the Eurozone rose to a reading of 50.1 in July. The Preliminary Services Purchasing Managers Index also rose of 49.6 in July. Looking ahead in the session we have two important releases due from the United States. Investors are focused on the Core Durable Goods Orders month over month and the Unemployment Claims release. Traders should be fully aware of the potential high-impact on the market during the releases. Support for the EURUSD is seen at 1.3161 and resistance is seen at 1.3244. The HotForex Traders Board shows that 60 percent of the traders are short on the EURUSD.




    http://blog.hotforex.com/

  2. #2
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    Read the rules...one thread per month. You need to stop flooding this forum in the wrong locations too.

  3. #3
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    Please put all analysis posts into one topic for easy to follow. Thanks.

  4. #4
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    EURUSD testing the 1.34 area. Light Economic Calendar for the session ahead.

    EURUSD rose yesterday and closed at 1.3333. The pair pushed higher after comments from the Bundesbank which suggested that the ECB low interest rate pledge last month was “not an unconditional commitment”, raising expectations that the ECB’s next move on rates would depend on the medium-term outlook for inflation. The German Central Bank indicated in its montly report that the Eurozone would benefit from the low interest rates set by the European Central Bank. In a release today the German Producer Price Index month over month came out at a reading of -0.1 percent in July. Support for the EURUSD is seen at 1.3313 and resistance is seen at 1.3400. The HotForex Traders Board shows that 79 percent of the traders are short on the EURUSD.



    GBPUSD

    The Cable rose yesterday and closed at 1.5645. The Confederation of British Industry forecasted a GDP growth of 1.2 percent in 2013 after better than expected second quarter. For 2014 CBI is forecasting 2.3 percent GDP growth up from the 2.0 percent forecasted in May. Support for the GBPUSD is seen at 1.5606 and resistance is seen at 1.5677. The HotForex Traders shows that 69 percent of the traders are short on the GBPUSD.



    - See more at: http://blog.hotforex.com/eurusd-testing-the-1-34-area-light-economic-calendar-for-the-session-ahead/#sthash.hIaFDpQ5.dpuf

  5. #5
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    EURUSD trading higher in the European session. US New Home Sales data on focus today.

    EURUSD rose yesterday and closed at 1.3355. The Flash Manufacturing Purchasing Managers Index in the Eurozone rose to a reading of 51.3 in August. The Flash Services PMI in the Eurozone rose to a reading of 51.0 in August. In Germany and France the Flash Manufacturing PMI and Flash Services PMI also recorded a gain in August. On the other side of the ocean the Unemployment Claims in the United States rose to 336K last week. The Flash Manufacturing PMI in the US came up a reading of 53.9 in August. Investors are now awaiting the New Home Sales report due from the United States later today. Support for the EURUSD is seen at 1.3298 and resistance is seen at 1.3407.



    GBPUSD

    The Cable dropped yesterday and closed at 1.5588. The Sterling lost strength after the policy member of Bank of England Martin Weale indicated that the UK central bank is ready to announce further asset purchases if the economy shows signs of stalling. In a release today the Second Estimate Gross Domestic Product quarter over quarter came out better than the market expectation at a reading of 0.7 percent. Support for the GBPUSD is seen at 1.5536 and resistance is seen at 1.5650.



    - See more at: http://blog.hotforex.com/eurusd-trading-higher-in-the-european-session-us-new-home-sales-data-on-focus-today/#sthash.KqvSFDqP.dpuf

  6. #6
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    EURUSD continues to drift lower driven by the tensions in Syria. GDP and the Unemployment claims data due from the United States.

    EURUSD dropped yesterday and closed at 1.339. The M3 Money Supply in the Eurozone rose 2.2 percent on an annual basis in July. The European Central Bank reported that the private loans in the Euro area dropped 1.9 percent on an annual basis in July. The GfK German Consumer Climate dropped to a reading of 6.9 for September. On the other side of the ocean the Pending Home Sales in the United States dropped 1.3 percent month over month in July. The ongoing crisis in Syria keeps supporting the safe heaven United States dollar against the single European currency. Investors are now awaiting the preliminary Gross Domestic Product data and the Unemployment Claims due from the United States. Support for the EURUSD is seen at 1.3259 and resistance is seen at 1.3343. The HotForex Traders Board shows that 51 percent of the traders are long on the EURUSD.



    GBPUSD

    The Cable dropped yesterday and closed at 1.5524. The Governor of Bank of England Mark Carney stated the UK central bank is ready to provide further stimulus measures to boost the economy in the region. He also added that the policy makers plan to keep the interest rate at the record low of 0.50 percent for at least 3 years until the unemployment rate in the UK reaches 7 percent. A report showed that the CBI Realized Sales in the UK advanced to a reading of 27 in August. With no domestic releases from the United Kingdom today trading trends on the pair are expected to be determined by the releases from the United States. Support for the GBPUSD is seen at 1.5448 and resistance is seen at 1.5553. The HotForex Traders Board shows that 52 percent of the traders are long on the GBPUSD.



    - See more at: http://blog.hotforex.com/eurusd-continues-to-drift-lower-driven-by-the-tensions-in-syria-gdp-and-the-unemployment-claims-data-due-from-the-united-states/#sthash.868TLhRD.dpuf

  7. #7
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    EURUSD continues to trade lower following positive US data. FOMC Member James Bullard speaks later today.

    EURUSD dropped yesterday and closed at 1.3239. Data released from the United States indicated that the Unemployment Claims dropped to 331,000 during the last week. Another official data released yesterday showed that grew 2.5 percent in the second quarter of 2013. The Unemployment Rate in Germany remained at 6.8 percent in August. In a release today data showed that the Unemployment Rate in the Eurozone remained at 12.1 percent in July. Support for the EURUSD is seen at 1.3223 and resistance is seen at 1.3305. The HotForex Traders Board shows that 51 percent of the traders are long on the EURUSD.



    GBPUSD

    The Cable dropped yesterday and closed at 1.5502. A report released today showed that the GfK Consumer Confidence in the United Kingdom rose to -13 in August. The Nationwide House Price Index came out in line with the market expectation at 0.6 percent in August. The Net Lending to Individuals month over month data released today dropped to 1.3 billion Sterling in July. Support for the GBPUSD is seen at 1.5448 and resistance is seen at 1.5553. The HotForex Traders Board shows that 56 percent of the traders are long on the GBPUSD.



    - See more at: http://blog.hotforex.com/eurusd-continues-to-trade-lower-following-positive-us-data-fomc-member-james-bullard-speaks-later-today/

  8. #8
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    EURUSD trading higher in the European session. Light Economic Calendar due to the US Bank Holiday.

    EURUSD dropped on Friday and closed at 1.3219. The personal income in the United States dropped 0.1 percent in July. On the other hand the Reuters/Michigan Consumer Sentiment Index rose to a reading of 82.1 in August. In the Eurozone the Consumer Confidence rose to -16 in August. The Retail Sales in Germany dropped 1.4 percent in July. The market keeps reacting to the crisis in Syria and the potential military attack is boosting the demand for the safe-haven dollar. The Manufacturing PMI data released today from several Eurozone countries came out better than the market expectation pushing the pair higher in the European. Due to the US Bank Holiday we don’t expect much movement on the market driven by the news. Investors should be aware that any potential news on the Syrian crisis may bring volatility on the market. Support for the EURUSD is seen at 1.3183 and resistance is seen at 1.3278. The HotForex Traders Board shows that 52 percent of the traders are long on the EURUSD.



    GBPUSD

    The Cable dropped on Friday and closed at 1.5500. The Nationwide House Prices in the United Kingdom rose 0.6 percent month over month in August. The Mortgage Approvals rose to a reading of 60.6 in July. In a report today the Manufacturing PMI came out at a reading of 57.2, better than the market expectation of 55.2. Support for the GBPUSD is seen at 1.5464 and resistance is seen at 1.5586. The HotForex Traders Board shows that 57 percent of the traders are short on the GBPUSD.



    - See more at:http://blog.hotforex.com/eurusd-trading-higher-in-the-european-session-light-economic-calendar-due-to-the-us-bank-holiday/

  9. #9
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    EURUSD trading flat ahead of the ISM Manufacturing PMI release

    EURUSD dropped yesterday and closed at 1.3190. The Manufacturing PMI in the Eurozone rose to two-year high coming at a reading of 51.4 in August. The manufacturing data from Italy and Spain also came out positive. The Producer Price Index data released today came out better than the market expectation showing a 0.3 percent gain in July. Investors are now waiting for the ISM Manufacturing Purchasing Managers Index due to be released from the United States later today. Support for the EURUSD is seen at 1.3167 and resistance is seen at 1.3254. The HotForex Traders Board shows that 59 percent of the traders are long on the EURUSD.



    - See more at: http://blog.hotforex.com/eurusd-trading-flat-ahead-of-the-ism-manufacturing-pmi-release/

  10. #10
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    EURUSD continues to trade at the lows after positive ISM manufacturing data from the United States

    EURUSD dropped yesterday and closed at 1.3169. The ISM Manufacturing Purchasing Managers Index in the United States advanced to a reading of 55.7 in August. A report from the Eurozone showed that the Producer Price Index in the Euro area rose 0.3 percent month over month in July. A report released today indicated that the Retail Sales in the Eurozone rose 0.1 percent in July, less than the market expectation of a 0.5 percent rise. Investors are now focused in the Trade Balance release due from the United States later today. Support for the EURUSD is seen at 1.3149 and resistance is seen at 1.3223. The HotForex Traders Board shows that 57 percent of the traders are long on the EURUSD.



    GBPUSD

    The Cable rose yesterday and closed at 1.5558. The Construction Purchasing Managers Index in the United Kingdom rose to a reading of 59.1 in August. Following the positive tone the Services Purchasing Managers Index released today rose to a reading of 60.5 in August sending the pair above the 1.56 level. Support for the GBPUSD is seen at 1.5527 and resistance is seen at 1.5632. The HotForex Traders Board shows that 61 percent of the traders are short on the GBPUSD.



    - See more at: http://blog.hotforex.com/eurusd-continues-to-trade-at-the-lows-after-positive-ism-manufacturing-data-from-the-united-states/#sthash.c1S5p7R9.dpuf

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