Eur/usd - page 180
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French Consumer Confidence 85 vs. 86 forecast
French consumer confidence fell unexpectedly last month, official data showed on Wednesday.
In a report, INSEE said that French Consumer Confidence fell to 85, from 86 in the preceding month.
Analysts had expected French Consumer Confidence to remain unchanged at 86 last month.
Eurozone Banks Expect Sharp Rise In Loan Demand In Q4
Companies' demand for loans from euro zone banks rose in the third quarter and is expected to increase sharply in the final three months of the year, the European Central Bank said on Wednesday.
The ECB said in its latest quarterly Bank Lending Survey that banks eased credit standards to firms and households in the third quarter, and expected to ease them further for firms in the final quarter.
"Cross-country disparities in lending supply conditions continued to decline in the third quarter of 2014, again more for loans to households than for loans to enterprises," the ECB said in the report.
"Among the largest euro area countries, credit standards on loans to enterprises were eased in net terms in France and Germany, while remaining unchanged in Italy and Spain and tightening in the Netherlands," it said.
"For housing loans, banks reported unchanged credit standards in Italy, Spain and the Netherlands, a noticeable net easing of credit standards in France and a net tightening in Germany."
source
thanks for the news
The dollar was stable against most of its G10 peers today.
R3 - 1.28633
R2 - 1.28167
R1 - 1.27237
Pivot - 1.26771
S1 - 1.25841
S2 - 1.25375
S3 - 1.24445
The pair traded sideways for much of yesterday session, as markets tentatively waited the release of the Fed rate decision after the close.
However, heading into the close of European session the markets positioned for a dovish Fed statement, with the USD weakening and the pair moving to fresh highs at 1.2770, but a hawkish statement coming out of the Fed sent this pair lower. The market should continue to go lower down to the 1.25 handle.
German Unemployment Unexpectedly Falls as Economy Weathers Woes
German unemployment unexpectedly declined in October in a sign of companies’ confidence in the underlying strength of Europe’s largest economy.
The number of people out of work declined a seasonally adjusted 22,000 to 2.887 million in October, the Nuremberg-based Federal Labor Agency said today. Economists forecast an increase of 4,000, according to the median of 29 estimates in a Bloomberg News survey. The adjusted jobless rate was unchanged at 6.7 percent, the lowest level in more than two decades.
Germany’s economy eked out little, if any, growth in the third quarter after contracting in the April-June period, the Bundesbank has said. Even though recent surveys point to a decline in business sentiment, demand for labor is on the rise, with a measure of job openings at the highest level in almost three years.
“The state of the economy is still OK and the labor market relatively healthy, despite weak data in recent weeks,” said Carsten Klude, head of investment strategy at M.M. Warburg & Co. in Hamburg. “What we have heard from companies in this earning season showed that the third quarter probably wasn’t so bad.”
The number of people out of work fell by 18,000 in western Germany and dropped by 4,000 in the east, today’s report showed.
While the German government cut its outlook for 2014 and 2015, citing “geopolitical crises” and sluggish global growth, it says domestic demand remains “intact.”
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Interesting information, thank you the news.
the EUR/USD is completely unstable with mixed signals and low volatility. I don't think I can trade on it with this condition.
QE3 was ended Wednesday, as expected, when the Fed announced it would be eliminating open market operations.
They did indicate that current (record-low) interest rates would remain in place for the foreseeable future, though most analysts expect a mid-2015 rate rise.
Strong GDP numbers and solid jobs numbers also give a positive outlook for the US economy, even as the world economy slows.
So expect EURUSD to reach 1.25 in a couple of days and given enough time it may eyeball the 1.20 handle.
EURUSD are struglle to keep it's psychological level. any movement belo 1.25 would be a strong bearish for rest mid term period.
as for now still try to keep level high at 1.2610.