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Forex Forum to Share, Discuss, Communicate and Trade Forex • Hotforex.com - Market Analysis and News.
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Re: Hotforex.com - Market Analysis and News.

PostPosted: Wed Oct 15, 2014 12:47 pm
by HFblogNews
Date : 15th October 2014

EURUSD IS TRADING NEAR THE LOWS IN THE EUROPEAN SESSION. US RETAIL SALES AND PPI DATA ON TAP.


EURUSD dropped yesterday and closed at 1.2657. The German ZEW Economic Sentiment dropped for a 10th consecutive month to a reading of -3.6 in October. The ZEW Economic Sentiment of the Eurozone also registered a drop to a level of 4.1 in October. The European Union finance ministers finished a two day meeting in Brussels yesterday and urged for more investments to improve the struggling economies of the EU. They also agreed to crack down the tax evasion in the Eurozone by 2017 (2018 for Austria).

Data released from the United States revealed that the NFIB Small Business Index dropped to a level of 95.3 in September.

A report released today showed that the German Final CPI remained at 0.0 percent in September.

Investors are now looking forward for the Core Retail Sales month over month, the Retail Sales month over month and the Producer Price Index month over month releases due from the United States. Later on the President of the European Central Bank Mario Draghi speaks at the grand opening of the European Cultural Days 2014 organized by the European Central Bank in Frankfurt.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2749.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Thu Oct 16, 2014 12:27 pm
by HFblogNews
Date : 16th October 2014

EURUSD ROSE SHARPLY AFTER POOR ECONOMIC DATA FROM THE UNITED STATES.


EURUSD rose yesterday and closed at 1.2837. The Consumer Price Index in Germany rose 0.8 percent on an annual basis in September in line with the market expectations. Data from the United States revealed that the Retail Sales in the largest economy in the world dropped to a reading of -0.3 percent in September. The Producer Price Index in the US also registered a drop coming at -0.1 percent in September. Additionally the Empire State Manufacturing Index dropped sharply in October to a level of 6.2 from a 27.5 registered during the previous month.

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The Final CPI data released from the Eurozone came out in line with the market expectations at 0.3 percent.

Investors are now looking forward for the series of high impact releases due from the United States including the Unemployment Claims, the Industrial Production month over month and the Philly Fed Manufacturing Index.

Support for the EURUSD is seen at 1.2726 and resistance is seen at 1.2841.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Mon Oct 20, 2014 11:49 am
by HFblogNews
Date : 20th October 2014

EURUSD ROSE SHARPLY AFTER POOR ECONOMIC DATA FROM THE UNITED STATES.


EURUSD dropped on Friday and closed at 1.2757. The Governing Council Member of the European Central Bank Ewald Nowotny that the economic growth outlook of the Eurozone may be slashed for 2015 from its 1.6 percent level. The ECB Vice President Vitor Constancio warned that any further drop in the inflation in the Euro area could be extremely harmful.

Data from the United States supported the US dollar at the end of the week. The University of Michigan reported that the consumer sentiment in the states rose to a reading of 86.4. The Housing Starts in the US also rose to 6.3 percent on a monthly basis in September. The Fed Chair Janet Yellen cautioned that the growing economic inequality in the US, posed a risk to the nation’s economic growth.

Data released today indicated that the German Producer Price Index remained at 0.0 percent on a monthly basis in September. Another report revealed that the Current Account in the Eurozone dropped to 18.9B in August.

Support for the EURUSD is seen at 1.2726 and resistance is seen at 1.2841.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Wed Oct 22, 2014 10:20 am
by HFblogNews
Date : 22nd October 2014

EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. CPI DATA FROM THE UNITED STATES ON FOCUS.


EURUSD dropped yesterday and closed at 1.2715. Reports from different sources emerged that the European Central Bank is planning to expand its asset purchase program by doing corporate debt purchases. Data from the United States indicated that the Existing Home Sales from the United States in the largest economy of the world rose 2.4 percent on a monthly basis in September.

Investors are now looking forward for the Consumer Price Index and the Core Consumer Prices index month over month reports due from the United States later today.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Thu Oct 23, 2014 12:23 pm
by HFblogNews
Date : 23rd October 2014

EURUSD IS TRYING TO RESUME THE DOWNTREND. US UNEMPLOYMENT CLAIMS ON FOCUS TODAY.


EURUSD dropped yesterday and closed at 1.2644. The United States dollar gained ground against its European counterpart after data released from the US revealed that the Consumer Price Index in the largest economy of the world unexpectedly rose 0.1 percent in September. The Crude Oil Inventories in the US remained at 0.1 percent. The Crude Oil Inventories in the US came out at 7.1M during the last week.

Data released today showed that the German Flash Manufacturing PMI rose to 51.8 in October.

Investors are now looking forward for the Unemployment Claims report due from the United States later today.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Fri Oct 24, 2014 10:50 am
by HFblogNews
Date : 24th October 2014

EURUSD TRADING IN TIGHT RANGE IN THE EUROPEAN SESSION. US NEW HOME SALES ON FOCUS IN THE AFTERNOON.


EURUSD traded sideways yesterday and closed at 1.2646. Data released from the Eurozone revealed that the Flash Manufacturing Purchasing Managers Index rose to 50.7 in October. The Flash Services PMI also registered a rise coming at a reading of 52.4 in October. Data from the Germany revealed that the manufacturing activity in the largest economy of the Eurozone returned to expansion with the Flash Manufacturing PMI coming at a reading of 51.8 in October.

Data from the United States indicated that the Unemployment Claims rose to a reading of 283K during the last week. The Flash Manufacturing PMI in the largest economy in the world dropped slightly in October coming at a reading of 56.2. On the other hand the House Price Index rose 0.5 percent on a monthly basis in August.

Investors are now looking forward for the New Home Sales report due later today from United States.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2733.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Mon Oct 27, 2014 2:49 pm
by HFblogNews
Date : 27th October 2014

EURUSD PUSHED BELOW THE 1.2700 LEVEL IN THE EARLY EUROPEAN SESSION.


EURUSD rose on Friday and closed at 1.2670. The German Gfk Consumer Confidence Index rose to a level of 8.5 in November. The President of the European Central Bank urged the nations in the Eurozone to do more structural economic reforms. Data from the United States showed that the New Home Sales in the largest economy in the world rose unexpectedly to a 6-year high level of 0.2 percent in September against the market expectations of a 6.8 percent drop.

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Over the weekend the ECB reported that most of the biggest banks in the Eurozone passed the stress test and have enough capital to stand another slowdown in the financial system. However 25 from 150 banks failed to pass the stress test showing cumulative shortfall of 24.6 billion Euro.

Investors are now looking forward for the German Ifo Business Climate report due from the Eurozone and the Pending Home Sales data due from the United States.

Support for the EURUSD 1.2624 and resistance is seen at 1.2713.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Tue Oct 28, 2014 1:15 pm
by HFblogNews
Date : 28th October 2014

EURUSD TRADING NEAR THE 1.2700 LEVEL IN THE EUROPEAN SESSION. DATA FROM THE UNITED STATES DOMINATES THE ECONOMIC CALENDAR TODAY.


URUSD rose yesterday and closed at 1.2967. The European Central Bank reported that during the last week purchased 1.7 billion Euro worth of covered bonds. Data from Germany indicated that the German IFO Business Climate dropped to a level of 103.2 in October. The data from the United States followed the negative tone with the Pending Home Sales increasing less than the market expectations with a rise of 0.3 percent in September. The Flash Services PMI in the largest economy in the world also dropped to a level of 57.3 in October.

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Investors are now looking forward for the Core Durable Goods Orders and the CB Consumer Confidence releases due from the United States later today.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2713.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Wed Oct 29, 2014 12:00 pm
by HFblogNews
Date : 29th October 2014

EURUSD REVERSED ITS GAINS AND CONSOLIDATES AHEAD OF THE FOMC STATEMENT.


EURUSD rose yesterday and closed at 1.2729. The United States dollar lost ground against its European counterpart after the Core Durable Goods Orders dropped -0.2 percent on a monthly basis in September. The Durable Goods Orders also recorded a drop of -1.3 percent on a monthly basis in September. However part of the losses were capped after the CB Consumer Confidence in the largest economy in the world hit a 7-year high level of 94.5 in October.

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Investors are now looking forward for the Core Durable Goods Orders and the CB Consumer Confidence releases due from the United States later today.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2713.

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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.

Re: Hotforex.com - Market Analysis and News.

PostPosted: Thu Oct 30, 2014 1:09 pm
by HFblogNews
Date : 30th October 2014

EURUSD DROPPED SHARPLY AFTER THE FOMC STATEMENT. SERIES OF HIGH IMPACT US RELEASES ON TAP TODAY.


EURUSD dropped yesterday and closed at 1.2635. During its monthly monetary policy meeting the United States Federal Reserve agreed to end its asset-purchase program. Fed kept its benchmark interest rate unchanged at 0.25 percent, but stated that if the US economy improves faster than expected the first rate hike might come sooner than expected.

The European Central Bank revealed in its quarterly bank lending survey that the banks in the Eurozone had eased the loan standards to the private sector in the 3rd quarter of 2014.

Investors are now looking forward for the Advance GDP data, the Unemployment Claims and the speech of the Fed Chair Janet Yellen due from the United States later today.

Support for the EURUSD is seen at 1.2565 and resistance is seen at 1.2667.

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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.