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Hotforex.com - Market Analysis and News.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Nov 20, 2014 2:09 pm

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.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Nov 21, 2014 2:57 pm

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.

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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.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Nov 24, 2014 3:30 pm

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.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Nov 25, 2014 11:56 am

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.

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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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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Nov 26, 2014 12:45 pm

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.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Nov 28, 2014 3:25 pm

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.

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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.

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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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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Dec 01, 2014 2:16 pm

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.

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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.

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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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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Dec 02, 2014 2:15 pm

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.


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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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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Dec 04, 2014 10:03 am

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.

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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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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Dec 05, 2014 1:05 pm

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.

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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.
HotForex is fully regulated and licensed onlineForex and commodities broker
User avatar
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