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HFblogNews
32
HFblogNews 2014.07.23 12:05  
Date : 23rd July 2014

EURUSD PRINTED NEW LOWS AFTER THE US INFLATION DATA RELEASED YESTERDAY.

EURUSD dropped yesterday and closed at 1.3464. Data released from the US Bureau of Labor Statistics indicated that the consumer price index in the United States registered a rise of 2.1 percent on an annual basis. The housing market data was also positive indicating a rise of the Existing Home Sales to 5.04 million units in June. The House Price Index in the largest economy in the world rose 0.4 percent in May. The Richmond Fed Manufacturing Index registered a rise to a level of 7 in July. The US dollar gained ground from the upbeat economic data suggesting that the United States Federal Reserve may hike its interest rates sooner than expected.







Support for the EURUSD is seen at 1.3453 and resistance is seen at 1.3542.


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
32
HFblogNews 2014.07.25 11:12  
Date : 24th July 2014

EURUSD LOSING SOME OF ITS EARLIER GAINS AFTER THE US UNEMPLOYMENT CLAIMS DROPPED TO A 8-YEAR LOW LEVEL DURING THE LAST WEEK.

EURUSD dropped yesterday and closed at 1.3462. Earlier today the single European currency was boosted after positive PMI data from Europe and rebounded from the lows. The German Flash Manufacturing PMI rose to a reading of 52.9 in July. The German Flash Services PMI also rose in July reaching 56.6. The single European currency started to lose some of its steam after the better than expected Unemployment Claims data released from the United States in the afternoon. The Unemployment Claims dropped to a 8-year low level of 284K during the last week.



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

Support for the EURUSD is seen at 1.3453 and resistance is seen at 1.3542.


 

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
32
HFblogNews 2014.07.25 11:27  
Date : 25th July 2014

EURUSD TRADING LOWER AFTER WORSE THAN EXPECTED GERMAN IFO BUSINESS CLIMATE DATA.

EURUSD traded sideways yesterday and closed at 1.3463. Data released yesterday indicated that German Flash Manufacturing PMI rose to a reading of 52.9 in July. Initially the single European currency gained against its US counterpart, but after better than expected jobless claims report and the potential new sanctions against Russia the Euro lost ground. Data released from the United States indicated that the Unemployment Claims dropped unexpectedly 19,000 to a reading of 284K during the last week.




Data released today showed that the German Ifo Business Climate dropped to a level of 108.0 in July. Investors are now looking forward for the Core Durable Goods Orders data due from the United States.

Support for the EURUSD is seen at 1.3440 and resistance is seen at 1.3505.




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
32
HFblogNews 2014.07.28 13:31  
Date : 28th July 2014

EURUSD TRADING NEAR THE 1.34 MARK IN THE EUROPEAN SESSION. US FUNDAMENTALS WILL DRIVE THE FX MARKET IN THE WEEK AHEAD.

EURUSD dropped on Frirday and closed at 1.3429. The business sentiment in Germany dropped for a third consecutive month to a reading of 108.0 in July. The European revealed in its monthly report that the private sector lending in the Eurozone fell 1.7 percent on an annual basis. The single European currency was also pressurized after the EU increased its blacklist Russian who are subject of sanctions. The ECB Vice President Vitor Constancio downplayed the speculations of different sources for potential new measures in the near term taken by the central bank against the low inflation. Data from the United States also boosted the US dollar. The Core Durable goods orders rose 0.7 percent on a monthly basis in June.




The week ahead will be driven mostly by the US fundamentals. The Pending Homes month over month release is due later today. On Wednesday we have the ADP Non-Farm Employment Change, the FOMC Statement and the Advance GDP data for the second quarter of 2014 due on the calendar. The top fundamental event on Friday will be the Non-Farm Payrolls release.

Support for the EURUSD is seen at 1.3424 and resistance is seen at 1.3485.

 



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.
Alisa
4
Alisa 2014.07.28 16:10  
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