Eur/usd - page 184
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German Construction Activity Rises For First Time In 7 Months
Germany's construction sector grew for the first time in seven months during October, led by increased housing and commercial activity, results of a survey from Markit Economics showed Thursday.
The purchasing managers' index for the construction sector climbed to a seven-month high of 51.5 in October from September's 50. A score above 50 suggests expansion in the sector.
Among the three broad categories of construction activity, commercial construction revealed the strongest improvement.
Residential construction rebounded in October at the strongest pace since March, while commercial activity grew for a second month at the fastest rate in seven months. Meanwhile, work on civil engineering projects declined for the seventh straight month, albeit at the weakest rate since April.
New orders declined at a slower rate, but companies hired new workers ending a four-month sequence of job shedding. Input price inflation eased from September to the second-lowest in nearly five years.
Meanwhile, constructors remained worried over the outlook for weak demand and a general economic slowdown even as sentiment improved from September's 21-month low.
source
the euro is completely destroyed.
German Industrial Production 1.4% vs. 2.0% forecast
German industrial production rose less-than-expected last month, official data showed on Friday.
In a report, Destatis said that German Industrial Production rose to a seasonally adjusted annual rate of 1.4%, from -3.1% in the preceding month whose figure was revised up from -4.0%.
Analysts had expected German Industrial Production to rise 2.0% last month.
EURUSD fell during yesterday session to fresh Year lows at 1.2363. It appears that the market should continue to move lower, aiming for the 1.2050 level which is our longer-term support. Rallies at this point should be selling opportunities as EURO should continue depreciating f against the greenback.
negative impact of NFP is countered by the positive employment change i.e 5.8% and also yes the bears are still in control.. sets a new low
Volatility was not as expected for a day like that, even with the positive unemployment rate the market cannot fall any lower. I think today's close will decide the movement of the market next week.
As expected the European Central Bank left its interest rates unchanged reference.
The programs are expected to last at least two years in the approximate amount of 1 trillion euros.
German industrial production rose 1.4% in the previous month in September, which led to a strong recovery in exports and led to the growth of the trade surplus in September.
R3 - 1.26093
R2 - 1.25392
R1 - 1.24979
Daily Pivot - 1.24278
S1 - 1.23865
S2 - 1.23164
S3 - 1.22751
Hello Friends,
EUR/USD: scope to test 1.20 on a break bellow 1.2370
EUR/USD forecast for the week of November 10, 2014
The EUR/USD pair went back and forth during the course of the week, and even fell below the 1.24 level at one point during the five sessions. The candle is essentially neutral though, so therefore we don’t really have anything to glean from it other than that the market continues to show relatively soft behavior. We believe that we will make a return trip to the 1.2050 level eventually, so we are selling rallies and selling a break of the lows of the candle at this point in time.
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EUR/USD Forecast Nov. 10-14
EUR/USD dropped for the third week in a row, but managed to close above the lows. Can we expect a correction now? GDP figures are at the center of attention, with the big question: did Germany slip into a recession? Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD.
A challenge to Draghi’s leadership style and policy helped the euro recover on speculation that the easing tools are limited. However, Draghi defied discontent by reaffirming the message that the balance sheet is set to expand towards the 2012 levels, and that all tools are on the table. The euro was hit hard. Help came from the other side of the Atlantic, where the headline Non-Farm Payrolls came short at 214K. Despite positive internal figures and other encouraging US figures, EUR/USD managed to escape the lows.
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