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Hotforex.com - Market Analysis and News.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Dec 08, 2014 9:52 am

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.


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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Dec 09, 2014 11:00 am

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.

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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.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Dec 11, 2014 1:17 pm

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.

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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.

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Re: Hotforex.com - Market Analysis and News.

Postby orni308 » Thu Dec 11, 2014 2:31 pm

NZDUSD has made a quick spurt up but with intention of Bank of NewZealand to bring bring the price of NZD down it seems that its a good time to sell.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Dec 15, 2014 1:21 pm

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.


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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Dec 16, 2014 1:26 pm

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.

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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Dec 17, 2014 1:57 pm

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.

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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 19, 2014 1:49 pm

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.

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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.

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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 22, 2014 2:17 pm

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.

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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 23, 2014 1:36 pm

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.

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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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