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[HFblogNews]

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.

[HFblogNews]

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.

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.

[HFblogNews]

Date : 20th November 2014

EURUSD TRADING SIDEWAYS AHEAD OF THE CPI AND UNEMPLOYMENT CLAIMS DATA FROM THE UNITED STATES.

EURUSD rose yesterday and closed at 1.2553. The ratings agency S&P warned the European Central Bank about its monetary stimulus program yesterday. According to the S&P the associated with it could potentially lead to another recession in the EU. The FOMC Meeting Minutes in the United States indicated that the policymakers discussed the option to retain the interest rates to the current low levels for a longer period. Later on they came to a conclusion that the rate increases would depend on the economic situation in the largest economy of the world.

On the economic front the Building Permits in the US surprised the markets recording a rise of 1.08M in October.

Investors are now looking forward for the CPI data and the Unemployment Claims report due from the United States.

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

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.

[HFblogNews]

Date : 21st November 2014

EURUSD TRADING SHARPLY LOWER AFTER COMMENTS FROM THE ECB PRESIDENT MARIO DRAGHI.

EURUSD dropped yesterday and closed at 1.2539. Data released yesterday indicated that the German Flash Manufacturing Purchasing Managers Index dropped to a level of 50.0 in November. The German Flash Services PMI also dropped to a level of 52.1 in November. The negative tone was also seen in the general releases for the Eurozone where the Flash Manufacturing PMI dropped to a level of 50.4 and the Flash Services PMI dropped to a level of 51.3 in November.

Data from the United States revealed that the Consumer Price Index in the largest economy in the world remained steady in October coming at 0.0 percent against the market expectations of a drop with -0.1 percent. The Philly Fed Manufacturing Activity was the most surprising release of the day with its reading of 40.8 in November which is a 21-year high level. The Existing Home Sales report from the US added to the positive tone after reaching a level of 5.26M in October.

During his speech today the President of the European Central Bank Mario Draghi said that the European Central Bank must raise the inflation in the Eurozone as fast as possible and will broaden its asset purchase program if needed. The markets reacted to his speech and the EURUSD dropped sharply.

Support for the EURUSD is seen at 1.2412 and resistance is seen at 1.2512.

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.

[HFblogNews]

Date : 24th November 2014

EURUSD TRADING HIGHER IN THE EUROPEAN SESSION. GERMAN IFO BUSINESS CLIMATE ROSE IN NOVEMBER.

EURUSD dropped sharply in Monday and closed at 1.2390. The President of the European Central Bank Mario Draghi reiterated his previous statement that the central bank is ready to expand its asset purchases if the low inflation continues to persist in the Euro area.

During the weekend the Vice President of the ECB Vitor Constancio stated that the current low inflation is a cause of big concern, but according to him there is no risk of entering a full deflation spiral.

Data released today indicated that the German Ifo Business Climate rose to a reading of 104.7 in November.

A report from BBG released today says that the Troika team and Greek officials are set to meet tomorrow in Paris.

Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2445.

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.

[HFblogNews]

Date : 25th November 2014

EURUSD TRADING HIGHER IN THE EUROPEAN SESSION. PRELIMINARY GDP DATA FROM THE UNITED STATES ON FOCUS.

EURUSD rose yesterday and closed at 1.2441. The German Ifo Business Climate rose yesterday to a level of 104.7 in November. The ECB Governing Council Member Jens Weidmann urged the EU governments to implement structural reforms arguing about the loose monetary policy of the European Central Bank. According to him the current ECB policies cannot boost the growth prospect permanently.

Data released from the United States showed that the Flash Services PMI dropped to a level of 56.3 in November.

Investors are now looking forward for the preliminary GDP report and the CB Consumer Confidence report due from the United States later today.

Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2445.

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.

[HFblogNews]

Date : 26th November 2014

EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. US UNEMPLOYMENT CLAIMS ARE SCHEDULED TO BE RELEASED TODAY DUE TO THE THANKSGIVING DAY IN THE UNITED STATES.

EURUSD rose yesterday and closed at 1.2473. Data released from the Germany yesterday showed that the nation avoided recession after the German Final GDP for the 3rd quarter of the 2014 came out in line with the market expectations recording a rise of 0.1 percent. The Retail Sales in Italy registered a drop on a monthly basis coming at a reading of -0.1 percent in September.

The biggest surprise in the session yesterday was the preliminary GDP data from the United States. The second estimate for the 3rd quarter of 2014 showed an increase of 3.9 percent against the market expectations of a 3.3 percent rise. On the other hand the CB Consumer Confidence in the largest economy in the world dropped to a level of 88.7 in November.

Investors are now looking forward for the Unemployment Claims report from the United States which is scheduled to be released today, because of the Bank Holiday in the US tomorrow. Banks in the United States will be closed due to the observance of the Thanksgiving Day.

Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2487.

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.

[HFblogNews]

Date : 28th November 2014

EURUSD TRADING HIGHER ON FRIDAY. CPI FLASH ESTIMATE IN THE EU IN LINE WITH THE MARKET EXPECTATIONS.

EURUSD dropped yesterday and closed at 1.2645. The German Preliminary Consumer Price Index remained flat in November. The GfK German Consumer Climate rose to a reading of 8.7 in November.

During his speech the President of the European Central Bank Mario Draghi urged the EU governments to implement economic reforms. He also cautioned that the unemployment, the lack of productivity and the structural reforms are the main risks surrounding the economy in the currency union.

Data released today showed that the CPI Flash Estimate in the Eurozone dropped to a level of 0.3 percent on an annual basis in November.

Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2487.

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.

[HFblogNews]

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.

Edited December 1, 2014 by HFblogNews

[HFblogNews]

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.

[HFblogNews]

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.

[HFblogNews]

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.

[HFblogNews]

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.

[HFblogNews]

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.

[HFblogNews]

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.

[HFblogNews]

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.

[HFblogNews]

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.

[HFblogNews]

Date : 16th December 2014

EURUSD MAKING NEW HIGHS IN THE EUROPEAN SESSION. GERMAN ZEW ECONOMIC SENTIMENT ON TAP.

URUSD dropped yesterday and closed at 1.2436. The Industrial Production in the United States rose more than the market expectations registering a 1.3 percent rise on a monthly basis in November – its highest rise since 2010. On the other hand the Empire State Manufacturing Index registered a sharp drop to a level of -3.6. The NAHB Housing Market Index also dropped to 57.0 in December.

Investors are now looking forward for the German ZEW Economic Sentiment and also the US Building Permits report.

Support for the EURUSD is seen at 1.2414 and resistance is seen at 1.2522.

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.

[HFblogNews]

Date : 17th December 2014

EURUSD TRADING LOWER AHEAD OF THE US SESSION. FOMC MEETING MINUTES AND FEDERAL FUNDS RATE ON FOCUS.

EURUSD rose yesterday and closed at 1.2510. Data released yesterday indicated that the German ZEW Economic Sentiment rose to a level of 34.9 in December. The ZEW Economic Sentiment in the Eurozone also rose to a level of 31.8. The single European currency was also supported by the German Flash Manufacturing PMI which advanced to a level of 51.2 in December.

Data from the United States showed that the Flash Manufacturing PMI dropped to a level of 53.7 in December. The Building Permits and Housings starts in the US also registered a small drop.

Investors are now looking forward for the US CPI and Core CPI releases due in the afternoon and the FOMC Meeting Minutes, FOMC Statement and the Federal Funds rate due from the United States later today. The possibility of high volatility on the market during the FOMC releases exists and investors should be fully aware of the potential volatile price action which may be seen.

Support for the EURUSD is seen at 1.2414 and resistance is seen at 1.2553.

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.

[HFblogNews]

Date : 19th December 2014

EURUSD CONTINUES TO PRINT NEW LOWS ON FRIDAY.

EURUSD dropped yesterday and closed at 1.2285. Data released yesterday indicated that the German Ifo Business Climate rose to a level of 105.5 in December. Data from the United States indicated that the Unemployment Claims during the last week dropped to 289K. On the other hand the Philly Fed Manufacturing Index dropped more than the market expectations to a level of 24.5 in December. The Flash Services Purchasing Managers Index also recorded a drop to a level of 53.6 in December. The CB Leading Index month over month came out in line with the market expectations at a reading of 0.6 percent in November.

No major economic releases are due from Europe and the United States for the rest of the trading day, but investors should be fully aware that any potential market commentary may bring volatility on the market.

Support for the EURUSD is seen at 1.2258 and resistance is seen at 1.2369.

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.

[HFblogNews]

Date : 22nd December 2014

EURUSD TRADING LOWER AHEAD OF THE US EXISTING HOME SALES REPORT.

EURUSD dropped on Friday and closed at 1.2227. The German Consumer Confidence Index rose to a level of 9. The Current Account in the Eurozone dropped more than expected to 20.5B in October. In the United States the Kansas Fed Manufacturing Index rose to a level of 8.0 in December, beating the market expectations for a steady reading of 7.0 which was recorded during the previous month.

The President of the United States Federal Reserve in Richmond Jeffrey Lacker supported the latest decision of Fed to keep the interest rates steady and added that he would look for a little more data before actually supporting an interest rate hike.

Support for the EURUSD is seen at 1.2218 and resistance is seen at 1.2349.

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.

[HFblogNews]

Date : 23rd December 2014

EURUSD PRINTING NEW LOWS AHEAD OF THE US FINAL GDP REPORT.

EURUSD rose yesterday and closed at 1.2229. Data released from the Eurozone indicated that the Consumer Confidence in the single currency bloc rose slightly to -11 in November. In Germany the Import Price Index dropped to -0.8 percent on a monthly basis in November.

Data from the United States showed that the Existing Home Sales dropped to a six-month low in December coming at a reading of 4.93M.

Investors are now looking forward for the Final GDP data for the 3rd quarter from the United States as well as the Core Durable Goods Orders month over month and the New Home Sales reports. During the time of the releases high volatility may be seen on the market and investors should be fully aware of that.

Support for the EURUSD is seen at 1.2205 and resistance is seen at 1.2300.

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.

[HFblogNews]

Date : 2nd January 2015

EURUSD CONTINUES TO PRINT NEW LOWS IN THE FIRST TRADING DAY FOR 2015. US ISM MANUFACTURING PMI DUE TODAY.

EURUSD dropped on Wednesday and closed at 1.2100. The President of the European Central Bank Mario Draghi indicated that ECB is in technical preparations to amend the size and the speed of its measures in 2015. Yesterday Lithuania became the 19th member o the single currency bloc.

Data released on the 31st of December indicated that the Unemployment Claims in the United States rose to 298K. The Chicago PMI dropped to a level of 58.3 in December 2014.

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

Support for the EURUSD is seen at 1.2046 and resistance is seen at 1.2130.

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.

[HFblogNews]

Date : 5th January 2015

EURUSD PRINTED FRESH 9 YEAR LOWS ON WORRIES OF GREEK EUROZONE EX.

EURUSD dropped on Friday and closed at 1.2001. The Manufacturin PMI in Germany remained unchanged at a reading of 52.1 in December 2014. On the other hand the Manufacturing PMI in the Eurozone dropped to a reading of 50.6 in December. Data released from the United States revealed that the ISM Manufacturing PMI dropped of 55.5. The Final Manufacturing PMI in the US also dropped to a level of 53.9 in December.

Over the weekend fears about a potential Greek exit of the Eurozone if the Greek opposition party Syriza wins the elections in January caused large gaps on the market. EURUSD stops were triggered and the pair hit a 9 year low level dropping to 1.1856.

Investors are now awaiting the German Preliminary CPI data and the speech of the FOMC Member John Williams.

Support for the EURUSD is seen at 1.1869 and resistance is seen at 1.1978.

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.

[HFblogNews]

Date : 6th January 2015

EURUSD TRADING BELOW THE 1.19 LEVEL AHEAD OF THE US SESSION. ISM NON-MANUFACTURING PMI FROM THE UNITED STATES DUE TODAY.

EURUSD dropped yesterday and closed at 1.1932. The German Preliminary Consumer Price Index remained flat in December against the market expectations of a 0.1 percent rise. On the other hand the Sentix Investor Confidence in the Eurozone rose to a level of 0.9 in January. The number of unemployed people in Spain dropped to a level of 64.4K in December.

During his statement the President of the United States Federal Reserve in San Francisco, John Williams opined that the increase of the interest rates should be gradual at the beginning. He also indicated that the policymakers have been discussing the potential rate increase by the middle of 2015.

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 1.1869 and resistance is seen at 1.1978.

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.