Eurusd trading higher after the sharp drop yesterday.

[HFblogNews]

EURUSD dropped yesterday and closed at 1.3611. A report released yesterday indicated that the Unemployment Claims in the largest economy in the world dropped by 2K to a reading of 312K during the last week. The positive sentiment for the USD was fuelled by the comments of the President of the United States Federal Reserve in Atlanta James Bullard. He expressed optimism on the growth of the US labor markets and opined that an interest rate hike might happen by the end of the first quarter of 2015. The Richmond Fed President Jeffrey Lacker hinted that the US central bank will start raising the interest rate even if the growth remains relatively subdued.

 

 

Support for the EURUSD is seen at 1.3572 and resistance is seen at 1.3650.

 

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 June 27, 2014 by HFblogNews

[HFblogNews]

EURUSD UNCHANGED AFTER THE MANUFACTURING PMI AND UNEMPLOYMENT DATA. ISM MANUFACTURING PMI FROM THE UNITED STATES ON FOCUS.

EURUSD rose yesterday and closed at 1.3691. The US Pending Home Sales rose to a 4-year high reaching 6.1 percent on a monthly basis in May. On the other hand the Chicago PMI dropped to a reading of 62.6 in June. Data released from the Eurozone showed that the inflation remained unchanged at 0.5 percent in June, remaining below the ECB target for a 9th consecutive month.

 

Data released today indicated that the unemployment level in the Eurozone remained unchanged at 11.6 percent. Another report indicated that the unemployment level in Germany unexpectedly rose by 9K for a second month.

 

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

 

Support for the EURUSD is seen at 1.3609 and resistance is seen at 1.3696.

 

 

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.

[gacha]

now we had EURUSD movement around 1.2550, a drop after FOMC meeting, and the US stimulus are stopped. a great move from the new FED, mrs Yelen.

[venturefx]

now we had EURUSD movement around 1.2550, a drop after FOMC meeting, and the US stimulus are stopped. a great move from the new FED, mrs Yelen.

 

Yeah, most probably. According to my news feed indicator in my Mercerfx account, there are 3 important economic release to come, which may continue to affect EUR upsetting its balance. Looking forward to open some big lot trades and grab good pips from it.