EUR/USD

[HFblogNews]

Date : 17th September 2014


EURUSD TRADING IN TIGHT RANGE AFTER THE FINAL CPI RELEASE FROM THE EUROZONE. INVESTORS ARE AWAITING THE KEY FOMC EVENTS DUE LATER TODAY.


EURUSD dropped yesterday and closed at 1.2939. The German ZEW Economic Sentiment dropped to a level of 6.9 in September. Data from the United States indicated that the Producer Price Index in the largest economy in the world remained flat in August coming at 0.0 percent on a monthly basis. The Core PPI month over month came in line with the market expectations recording a gain of 0.1 percent in August.


The Final Consumer Price Index data from the Eurozone released today indicated that the inflation in the EU remained stable at 0.4 percent.


The session ahead will be very busy with high impact economic released from the United States including the CPI and Core CPI month over month releases, the Federal Funds Rate and the FOMC Statement, Economic Projections and Press Conference. Investors should be fully aware of the possible high volatility during the time of the releases.


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


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.

[HFblogNews]

Date : 18th September 2014


EURUSD DROPPED AFTER THE FOMC RELEASES YESTERDAY. US UNEMPLOYMENT CLAIMS DROPPED TO A 2-MONTH LOW.


EURUSD dropped yesterday and closed at 1.2864. The inflation in the Eurozone remained stable, but below the 2 percent of the European Central Bank. Data from the United States indicated that the Federal Reserve maintained its interest rate at 0.25 percent in line with the market expectations and also reduced its asset purchase program to 15 billion USD per month. During the FOMC Press Conference the Fed Chair Janet Yellen stated that the policymakers at the Federal Reserve are in no hurry to raise the interest rates in the largest economy in the world.


Data released today showed a drop of the Unemployment Claims in the United States to 280K during the last week which is a 2-month low level. The Building Permits and Housing Starts reports came a little worse than expected, but that might be due to the low activity in the sector in August when most of the people take their summer holiday.


Support for the EURUSD is seen at 1.2836 and resistance is seen at 1.2979.


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.

[HFblogNews]

Date : 19th September 2014


EURUSD TRADING LOWER IN THE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR IN THE SESSION AHEAD.


EURUSD rose yesterday and closed at 1.2922. The European Central Bank started its Targeted LTRO program with 86.2 billion Euro. Data released from the United States revealed that the Unemployment Claims in the largest economy in the world dropped to 280K during the last week. The Building Permits and Housing Starts in the US fell more than the market expectation in August. The Philly Fed Manufacturing Index also recorded a drop to a reading of 22.5 in September. Market had expected a drop to 22.8 from the previous high of 28.0 reached in August.


Data released earlier today indicated that the results on the Scottish Independence Referendum showed a NO vote easing the worries of a potential split between England and Scotland.


Support for the EURUSD is seen at 1.2836 and resistance is seen at 1.2924.

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.

[HFblogNews]

Date : 22nd September 2014


QUIET START OF THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS TODAY.


EURUSD dropped on Friday and closed at 1.2828. The Producer Price Index in Germany dropped 0.1 percent month over month in August. Data from the United States indicated that the CB Leading Index rose 0.2 percent month over month in August. Market had expected a 0.4 percent rise. The credit ratings agency Fitch Ratings affirmed the AAA rating of the United States and maintained its “stable” outlook for the US economy.


Investors are looking ahead for the speech of the President of the European Central Bank Mario Draghi on monetary policy before the European Parliament’s Economic and Monetary Policy Committee in Brussels.


Support for the EURUSD is seen at 1.2826 and resistance is seen at 1.2924.

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.

[HFblogNews]

Date : 23rd September 2014


EURUSD TARGETING THE 1.2900 LEVEL IN THE EUROPEAN SESSION. GERMAN MANUFACTURING SLOWS DOWN IN SEPTEMBER.


EURUSD rose yesterday and closed at 1.2848. The Consumer Confidence in the Eurozone fell to a reading of -11 in September marking its lowest reading since February. During his speech the President of the European Central Bank Mario Draghi stated that the economic recovery in the Eurozone is lacking and added that the ECB is ready to take any unconventional measures to improve the inflation and the economic situation in the currency union. The chief economist of the European Central Bank Peter Praet, stated that the ECB is not trying to push the Euro lower to support the fragile economic recovery. Data from the United States indicated that the Existing Home Sales in the largest economy in the world reached 5.05M in August. Market had expected a rise to 5.21M.


Support for the EURUSD is seen at 1.2820 and resistance is seen at 1.2922.

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.

[HFblogNews]

Date : 24th September 2014


EURUSD TRADING LOWER IN THE LATE EUROPEAN SESSION. GERMAN IFO BUSINESS CLIMATE SLIPS IN SEPTEMBER.


EURUSD rose yesterday and closed at 1.2846. The Manufacturing PMI in the largest economy in the Eurozone dropped to a reading of 50.3 in September. On the other hand the Flash Services PMI in Germany rose to a level of 55.4 in September. The Eurozone Manufacturing and Services PMI continued to drop in September. Data from the United States revealed that the Flash Manufacturing PMI remained stable at 57.9 in September. Another report indicated that the Richmond Manufacturing Index increased to a level of 14 in September against the market expectation of a drop to 10.


Data released today indicated that the German Ifo Business Climate slipped to a reading of 104.7 in September.


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


Support for the EURUSD is seen at 1.2820 and resistance is seen at 1.2922.
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.

[HFblogNews]

Date : 25th September 2014


EURUSD TARGETING THE 1.2700 LEVEL AT THE START OF THE EUROPEAN SESSION.


EURUSD dropped yesterday and closed at 1.2779. The German Ifo Business Climate continued to fall for a 5th month in a row coming at a reading of 104.7 in September. Data from the United States showed that the New Home Sales rose sharply in August reaching 504K units. The President of the United States Federal Reserve in Chicago Charles Evans stated that the US economy has made a significant progress, but still needs the help of an extended period of time of low interest rates to help the recovery.


At the start of the European session the pair printed new low levels and it’s currently targeting the 1.2700 level.


Investors are now looking forward for the Unemployment Claims and Durable Goods Orders releases due from the United States.


Support for the EURUSD is seen at 1.2728 and resistance is seen at 1.2819.

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.

[HFblogNews]

Date : 26th September 2014


LOW VOLATILITY ON THE MARKET AHEAD OF THE US FINAL GDP REPORT. GERMAN GFK CONSUMER CLIMATE FALLS IN SEPTEMBER.


URUSD dropped yesterday and closed at 1.2749. The President of the European Central Bank Mario Draghi stated in his speech that the central bank is ready to use any unconventional measures to prevent a prolonged period of low inflation in the currency union. Data from the United States revealed that the Durable Goods Orders dropped -18.2 percent in August. On the other hand the Core Durable Goods Orders came in line with the market expectations rising 0.7 percent in the same period. The Unemployment Claims report came better, but still closer to the market expectations at a reading of 293K.





Investors are now looking forward for the key event of the day – the Final GDP report from the United States for the 2nd quarter of 2014. Depending on the outcome of the release we may witness high volatility on the market and investors should be fully aware of it.


Investors are now looking forward for the Unemployment Claims and Durable Goods Orders releases due from the United States.


Support for the EURUSD is seen at 1.2714 and resistance is seen at 1.2819.

[HFblogNews]

Date : 29th September 2014


EURUSD PRINTED NEW LOWS AT THE START OF THE WEEK. LIGHT ECONOMIC CALENDAR FOR THE SESSION AHEAD.


EURUSD dropped on Friday and closed at 1.2682. The Gfk Consumer Confidence in Germany dropped for a fifth consecutive month to a reading of 8.3 in October. Data from the United States showed that the Final GDP rose 4.6 percent in the second quarter of 2014. The University of Michigan revised Consumer Sentiment rose to a level of 84.6 in September, market had expected a rise to 85.1.


The top fundamental releases of the week will be the Minimum Bid Rate and the ECB Press Conference due from Europe and the US Non-farm Payrolls report.


Support for the EURUSD is seen at 1.2667 and resistance is seen at 1.2783.

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.

[HFblogNews]

Date : 30th September 2014


EURUSD BROKE THE 1.2600 LEVEL AFTER THE CONSUMER PRICE INDEX IN THE EUROZONE DROPPED TO 0.3 PERCENT IN SEPTEMBER.


EURUSD rose yesterday and closed at 1.2684. The German Consumer Price Index remained flat in September coming at a reading of 0.0 percent. In Spain the CPI dropped to a reading of -0.2 percent during the same period. Data from the United States revealed that the Pending Home Sales in the largest economy of the world recorded drop of -1.0 percent in August. On the other hand the Personal Spending and the Personal Income in the US rose in line with the market expectations with 0.5 and 0.3 percent accordingly in August.
Data released today indicated that the Consumer Price Index in the Eurozone dropped to a level of 0.3 percent on an annual basis in September. The release caused a major sell off on the EURUSD and the pair fell below the 1.2600 level. Another report indicated that the Unemployment Rate in the currency union remained stable in August at 11.5 percent.
Investors are now looking forward for the CB Consumer Confidence data due from the United States later today.
Support for the EURUSD is seen at 1.2589 and resistance is seen at 1.2713.