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Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Sep 02, 2014 2:47 pm

Date : 2nd September 2014

EURUSD TRADING NEAR ITS FRIDAY’S CLOSE. GERMAN FINAL GDP CAME OUT AS EXPECTED.


EURUSD rose yesterday and closed at 1.3127. The final release of the GDP for the second quarter in Germany showed a contraction to -0.2 percent in line with the market expectations. The Eurozone Final Manufacturing PMI contracted to a reading of 50.7 in August. The Spanish and Italian Manufacturing PMI also recorded a drop coming at readings of 52.8 and 49.8 accordingly. Prospects of potential further sanctions by the European Union leaders against Russia also flooded the market and pressurized the single European currency.

Data released today indicated that the Producer Price Index dropped -0.1 percent on a
monthly basis in July.

Investors are now looking forward for the US ISM Manufacturing PMI due later today.

Support for the EURUSD is seen at 1.3109 and resistance is seen at 1.3191.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Sep 03, 2014 1:19 pm

Date : 3rd September 2014

EURUSD GAINED IN THE EUROPEAN SESSION ON RUMORS ABOUT PERMANENT CEASEFIRE AGREEMENT BETWEEN PUTIN AND POROSHENKO.


EURUSD rose yesterday and closed at 1.3132. The manufacturing activity in the United States expanded in August at the fastest rate in more than 3 years. The ISM Manufacturing Purchasing Managers Index rose to a reading of 59.0 in August. The Construction Spending in the largest economy in the world also recorded a gain coming at a 1.8% in July against the market expectations of 0.9 percent rise.

Data about permanent ceasefire in Donbas, Ukraine after a discussion between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin sent the EURUSD higher and the pair is currently in the mid 1.3150’s area. Although the information has not been confirmed yet as 100 percent accurate and investors should be fully aware of a potential new wave of volatility on the market.

Another data source indicated that the EU Commission might propose a new round of sanctions against Russia in the afternoon.

Support for the EURUSD is seen at 1.3109 and resistance is seen at 1.3191.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Sep 04, 2014 12:11 pm

Date : 4th September 2014

LOW MARKET VOLATILITY AHEAD OF THE ECB RATE DECISION AND ECB PRESS CONFERENCE.


EURUSD rose yesterday and closed at 1.3149. The pair rose after reports about a possible cease-fire agreement between the Ukrainian President Petro Poroshenko and the Russian President Vladimir Putin. In the economic news the services sector in Germany continued to worsen in August coming at a reading 54.9. The Services PMI in the Eurozone also recorded a drop coming at a reading of 53.1 in August. The Retail Sales in the EU also dropped on a monthly basis recording a 0.4 percent drop in July. In the United States the factory orders rose 10.5 percent in July. The Fed’s Beige Book indicated that the economy in the US continued to expand at a moderate to modest pace over the summer.


With the high impact economic releases today is the most important day of the current week for the financial markets. Investors are looking forward for the ECB Minimum Bid Rate decision, the ECB Press Conference, the ADP Non-Farm Employment Change data from the United States as well as the Jobless Claims report.

Investors should be fully aware of the potential high volatility that we may witness today on the market during the time of the economic releases.

Support for the EURUSD is seen at 1.3109 and resistance is seen at 1.3191.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Sep 05, 2014 2:31 pm

Date : 5th September 2014

THE US DOLLAR CONTINUES TO BE STRONG AGAINST THE EURO AFTER THE POOR NFP REPORT RELEASED TODAY.


EURUSD dropped yesterday and closed at 1.2943. The sharp move yesterday was caused by the unexpected decision of the European Central Bank to cut its benchmark interest rate by 10 basis points to the record low level of 0.05 percent. During the ECB Press Conference Mario Draghi also announced a new economic stimulus program that will involve purchasing of covered bonds and ABS. Draghi also cut the growth forecast of the Euro area for 2014 to 0.9 percent. He also indicated that plans for QE are still on the table.


n the United States the positive releases also boosted the strength of the US dollar and continued to reinforce the rumors of an earlier interest rate hike. The ISM Non-Manufacturing PMI increased to a reading of 59.6 in August. The Trade Balance in the largest economy in the world also dropped to 40.5 billion in July marking its lowest level since January.

Data released today indicated that the Unemployment Level in the United States dropped to 6.1 percent in August. However the NFP report was a worse than expected showing 142K new jobs created in August. Market had expected an increase of 226K. Even after the worse than expected NFP report the US dollar remained relatively strong against its European counterpart.

Support for the EURUSD is seen at 1.2923 and resistance is seen at 1.3107.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Sep 08, 2014 12:24 pm

Date : 8th September 2014

EURUSD TRADING NEAR THE LOWS AT THE START OF THE WEEK. EU SENTIX INVESTOR CONFIDENCE WENT IN NEGATIVE TERRITORY.


EURUSD rose on Friday and closed at 1.2950. The Industrial Production in Germany rose 1.9 percent on a monthly basis in July. The US dollar lost some ground after the worse than expected Non-Farm Payrolls report from the United States. The NFP showed 142K new jobs created in August, but the market had expected a larger increase of 230K. On the other had the Unemployment Rate in the largest economy in the world dropped to a level of 6.1 percent in August from the previous 6.2 percent level. During the weekend the President of the United States Federal Reserve in Philadelphia stated that Fed needs to raise the interest rates sooner and with gradual steps in order to keep the US economy functioning smoothly.

Data released today showed that the Sentix Investor Confidence in the Eurozone dropped to a reading of -9.8 in September. That’s the first time the index goes to a negative reading in more than 12 months.

Support for the EURUSD is seen at 1.2923 and resistance is seen at 1.3108.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Sep 09, 2014 3:38 pm

Date : 9th September 2014

EURUSD PRINTED NEW LOWS IN THE EUROPEAN SESSION.


EURUD dropped yesterday and closed at 1.2893. The Sentix Investor Confidence Index in the Eurozone dropped to a reading of -9.8 in September. The German Trade Balance came out at a reading of 22.2B in July. The ECB Governing Council Member Ewald Nowotny stated yesterday that the recent measures that ECB took weakened the Euro and will help exporters from the EU to be more competitive on the global market. The IMG Chief Christine Lagarde stated that the weakening of the Euro against the United States dollar is a positive sign for the recovery in the Eurozone.

Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Sep 10, 2014 1:48 pm

Date : 10th September 2014

EURUSD STARTED TO REVERSE ITS GAINS AHEAD OF THE US SESSION.


EURUSD rose yesterday and closed at 1.2936. The European Union delayed the latest planned sanctions against Russia. The ECB Governing Council Member Erkki Liikanen stated yesterday that the size of the asset-backed securities and cover bond purchases has not been decided yet. According to Liikanen the new measures should be implemented carefully due to the risk component involved. Data from the United States indicated that the NFIB Small Business Index advanced to a reading of 96.1 in August. On the other hand the JOLTS Job Openings unexpectedly dropped to 4.67M in July.

Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987.

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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 Sep 11, 2014 12:06 pm

Date : 11th September 2014

EURUSD TRADING CALM AHEAD OF THE US UNEMPLOYMENT CLAIMS DATA. MARIO DRAGHI’S SPEECH ON FOCUS.


EURUSD dropped yesterday and closed at 1.2916. Data released from the Eurozone indicated that the French Industrial Production rose 0.2 percent on a monthly basis in July. The ECB Executive Board member Yves Mersch stated that the recent decision of the central bank to purchase debt instruments should not be considered as an opening regarding purchases of government bonds and further indicating his opposition for the ECB to follow other major central banks with large-scale public debt purchases. Data released from the United States indicated that the Wholesale Inventories increased by 0.1 percent. Market had expected an increase of 0.5 percent.

Investors are now looking forward for the Unemployment Claims release due from the United States. The main scheduled fundamental event for the day is the speech of the President of the European Central Bank Mario Draghi at the Eurofi Financial Forum in Milan.

Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987.

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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
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Sep 11, 2014 12:07 pm

Date : 11th September 2014

EURUSD TRADING CALM AHEAD OF THE US UNEMPLOYMENT CLAIMS DATA. MARIO DRAGHI’S SPEECH ON FOCUS.


EURUSD dropped yesterday and closed at 1.2916. Data released from the Eurozone indicated that the French Industrial Production rose 0.2 percent on a monthly basis in July. The ECB Executive Board member Yves Mersch stated that the recent decision of the central bank to purchase debt instruments should not be considered as an opening regarding purchases of government bonds and further indicating his opposition for the ECB to follow other major central banks with large-scale public debt purchases. Data released from the United States indicated that the Wholesale Inventories increased by 0.1 percent. Market had expected an increase of 0.5 percent.

Investors are now looking forward for the Unemployment Claims release due from the United States. The main scheduled fundamental event for the day is the speech of the President of the European Central Bank Mario Draghi at the Eurofi Financial Forum in Milan.

Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987.

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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
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Sep 12, 2014 11:46 am

Date : 12th September 2014

EURUSD TRADING SIDEWAYS AT THE START OF THE EUROPEAN SESSION. US RETAIL SALES AND CONSUMER SENTIMENT DATA ON FOCUS TODAY.


EURUSD rose yesterday and closed at 1.2922. The German Final Consumer Price Index remained flat in August coming at a reading of 0.0 percent, while the French CPI came out at 0.4 percent during the same period. During its monthly report the European Central Bank reported that the policymakers will keep monitoring closely the outlook for the inflation in the Eurozone and would take all the needed measures to maintain the inflation target. The President of the ECB urged the leaders of the European countries to increase their level of investments in the Euro area in order to stimulate the growth of the region. The ECB Governing Council member Christian Noyer stated that even though the central bank succeeded bringing the Euro lower, it still need to take further steps of bringing it even lower in order to achieve its inflation target.

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Data from the United States indicated that the Unemployment Claims unexpectedly rose to a level of 315K during the last week.

Investors are now looking forward for the US Retail Sales and Consumer Sentiment releases due later today.

Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987.

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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
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Posts: 657
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