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  1. #21
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    EURUSD has been on a steep downward trend and still there are no clear signs of it recovering, has to wait for a while for any buying options.

  • #22
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    Date : 1st December 2014

    EURUSD ATTEMPTING TO BREAK HIGHER IN THE EUROPEAN SESSION. US ISM MANUFACTURING PMI ON TAP IN THE AFTERNOON.

    EURUSD dropped on Friday and closed at 1.2450. The Retail Sales in Germany rose 1.9 percent on a monthly basis in October. The Unemployment Rate in the Eurozone remained unchanged in October in line with the market expectations at 11.5 percent.

    The ECB Policymaker Jens Weidmann stated that the monetary policy of the central bank cannot spur sustainable growth or create jobs in the economy.


    Data released today indicated that the Final Manufacturing PMI in the Eurozone dropped to a level of 50.1 in November.

    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 1.2409 and resistance is seen at 1.2488.


    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.

  • #23
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    Date : 2nd December 2014

    EURUSD TRADING LOWER ON TUESDAY. NO MAJOR ECONOMIC RELEASES FOR THE SESSION AHEAD.

    EURUSD rose yesterday and closed at 1.2469. The Final Manufacturing PMI in the Eurozone dropped a level of 50.1 in November. The Italian Manufacturing PMI dropped in November to a reading of 49.0. On the other hand the Spanish Manufacturing PMI rose in November to a level of 54.7.

    Data from the United States revealed that the ISM Manufacturing PMI in the largest economy in the world dropped to a level 58.7 in November from 59.0 during the previous month, but still came better than the market expectations of a drop to 57.9.

    The President of the United States Federal Reserve in New York William Dudley opined that he expects the central bank to hike the interest rates in the middle of 2015.

    Support for the EURUSD is seen at 1.2418 and resistance is seen at 1.2558.



    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.

  • #24
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    Still waiting for an important news from ECB and FED to trade on this pair. I prefer a buy targeting to 1.2500 level.

  • #25
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    Date : 4th December 2014

    EURUSD TRADING LOWER AHEAD OF THE ECB INTEREST RATE DECISION.

    EEURUSD dropped yesterday and closed at 1.2310. The Retail Sales in the Eurozone rose less than the market expectations reaching 0.4 percent on a monthly basis in October. The Final Services PMI dropped to a level of 51.1 in November. In Germany the Services PMI remained unchanged in November holding a level of at 52.1 in line with the market expectations.

    Data from the United States revealed that the ISM Non-Manufacturing PMI rose to a level of 59.3 in November against the market expectations of a rise to 57.5. The ADP Non-Farm Employment release indicated 208K jobs added in November. Market had expected a larger expansion to a level of 223K.

    Investors are now looking forward for the ECB Minimum Bid Rate decision and the ECB Press Conference due later today. Meanwhile EURUSD printed new lows touched the 1.2995 level.

    Support for the EURUSD is seen at 1.2294 and resistance is seen at 1.2391.


    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.

  • #26
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    Date : 5th December 2014

    ECB KEEPS THE INTEREST RATES UNCHANGED. EURUSD TRADING LOWER AHEAD OF THE NON-FARM PAYROLLS AND UNEMPLOYMENT RATE DATA.

    EURUSD rose yesterday and closed at 1.2377. Yesterday the European Central Bank held its key interest rate steady at 0.05 percent. During his statement, the President of the European Central Bank Mario Draghi indicated that the policymakers would reassess the stimulus measures early next year and decide if there is a need of additional measures to be taken. Draghi also hinted that the European Central Bank would act even if it does not find unanimity among the policymakers.

    The Unemployment Claims in the United States fell to 297K during the last week from a reading of 314K during week before.

    Investors are now looking forward for the Non-Farm Payrolls, the Unemployment Rate and the Trade Balance data due from the United States. All of the releases are scheduled at the same time and investors should be fully aware of the potential high volatility on the market prior and after the time of the data.

    Support for the EURUSD is seen at 1.2294 and resistance is seen at 1.2391.


    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.

  • #27
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    Date : 8th December 2014

    US DOLLAR KEEPS PRINTING NEW HIGHS AGAINST THE EURO. EUROGROUP MEETINGS ON FOCUS TODAY.

    EURUSD dropped on Friday and closed at 1.2285. The German Factory Orders rose 2.5 percent on a monthly basis in October. The Industrial Production in Spain rose 1.2 percent on an annual basis in October.

    No matter the positive releases from the Eurozone the US dollar traded on a strong foot after the positive NFP data. The US Non-Farm Payrolls recorded an increase of 321K in November beating the market expectations of a 230K increase. The Unemployment Rate in the United States remained steady at 5.8 percent in November.

    The President of the United States Federal Reserve in Cleveland Loretta Mester sounded very optimistic about the US economy and also added that she sees an interest rate hike in 2015.

    Investors are looking forward for the Eurogroup Meetings taking place in Brussels today.

    Support for the EURUSD is seen at 1.2250 and resistance is seen at 1.2391.



    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.

  • #28
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    Date : 9th December 2014

    EURUSD IS TRADING HIGHER IN THE EUROPEAN SESSION. ECOFIN MEETINGS ARE TAKING PLACE IN BRUSSELS TODAY.

    EURUSD rose yesterday and closed at 1.2314. The Sentix Investor Confidence index in the Eurozone improved to a reading of -2.5 in December. That its highest reading in 4 months. The German Industrial Production rose 0.2 percent on a monthly basis in October.

    The ECB Governing Council member Ewald Nowotny opined yesterday that there is a high probability that the inflation growth in the region would slow down further in the first quarter of 2015.


    In the United States the President of the United States Federal Reserve in Atlanta Dennis Lockhart expressed his confidence in the US economy and stated that he expects Fed to start increasing the interest rates in the middle of 2015.

    Investors are now looking forward for cues from the outcome of the ECOFIN Meetings taking place in Brussels today.

    Support for the EURUSD is seen at 1.2250 and resistance is seen at 1.2391.



    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.

  • #29
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    Date : 11th December 2014

    EURUSD TRADING HIGHER ON THURSDAY. RETAIL SALES AND UNEMPLOYMENT CLAIMS DATA FROM THE UNITED STATES ON TAP.

    EURUSD rose yesterday and closed at 1.2447. The ECB Executive Board Member Benoit Coeure urged the EU governments to implement structural reforms in order to promote growth and overcome the period of low inflation in the Eurozone. Data released from France indicated that the Industrial Production in the country fell to a reading of -0.8 percent in October.


    A report from the United States indicated that the Federal Budget Balance dropped to 56.82 billion USD in November.

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

    Support for the EURUSD is seen at 1.2361 and resistance is seen at 1.2491.



    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.

  • #30
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    Date : 15th December 2014

    EURUSD TRADING LOWER IN THE EUROPEAN SESSION. EMPIRE STATE MANUFACTURING INDEX ON TAP.

    EURUSD rose on Friday and closed at 1.2460. The Industrial Production in the Eurozone rose less than the market expectations by 0.1 percent on a monthly basis in October. The Wholesale Price Index in Germany dropped 0.7 percent on a monthly basis in November.

    Data from the United States showed that the University of Michigan Consumer Sentiment Index rose to a level of 93.8 in December, posting its highest reading since January 2007. The Producer Price Index in the US dropped by 0.2 percent on a monthly basis.

    Late on Friday the ratings agency Fitch Ratings cut the credit rating of France by a notch to AA from AA+.

    Investors are now looking forward for the Empire State Manufacturing Index release due from the United States.

    Support for the EURUSD is seen at 1.2361 and resistance is seen at 1.2491.



    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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