Eur/usd - page 219
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Most probably the correction will continue until the Fed meeting this week.
EUR / USD rose yesterday trading below the 1st resistance.
The short-term momentum suggests some recovery in the near future.
The pair is trading below the falling trend line, short-term trend remains negative.
The broader trend being below the moving averages of 50 and 200 days is also negative.
R3 - 1.16596
R2 - 1.15410
R1 - 1.14604
Daily Std. Pivot - 1.13418
S1 - 1.12612
S2 - 1.11426
S3 - 1.10620
EURUSD rose during the course of yesterday session as the U.S Durable Goods Orders number came worse than expected. The US dollar sold off and the fact that we have the Fed monetary policy statement today we may expect high volatility in the pair.
EUR / USD continued to recover yesterday.
The short-term momentum indicates a recovery.
The RSI has risen and is now close to the 50 line.
The MACD is already above its signal line and near its zero line.
The trend continues downward.
R3 - 1.14552
R2 - 1.14186
R1 - 1.13486
Daily Std. Pivot - 1.13120
S1 - 1.12420
S2 - 1.12054
S3 - 1.11354
German Unemployment Rate Falls In December
Germany's unemployment rate declined in December, data from Destatis showed Thursday.
The adjusted jobless rate fell slightly to 4.8 percent from 4.9 percent in the prior month. On an unadjusted basis, the unemployment rate declined to 4.5 percent from 5 percent a month ago.
There were 1.91 million unemployed in December, representing a decrease of 137,000, or 6.4 percent from last year. In November, unemployment totaled 2.1 million. Adjusted for seasonal and irregular effects, the number of unemployed stood at 2.10 million.
At the same time, the number of persons in employment decreased by 217,000, or 0.5 percent from November for seasonal reasons.
thank you for the news
EURUSD fell during yesterday session in a typically digestion day with a narrow range day that created an inside day. The pair fell 6.41% since the star of the year and closed near the low of the day. Stochastic is showing a slight bullish momentum and a close above the 10 day moving average could signal a stronger bullish correction.
EUR / USD fell yesterday and fell below 1.1300.
The short-term momentum indicates the downward path.
The RSI has moved downwards after finding resistance at line 50 and the MACD, already below its zero line, seems to cross below its signal line.
The EURUSD is trading below the moving averages 50 and 200 periods, the medium-term trend remains downward.
R3 - 1.14594
R2 - 1.14208
R1 - 1.13528
Daily Std. Pivot - 1.13142
S1 - 1.12462
S2 - 1.12076
S3 - 1.11396
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
Euro Zone Unemployment Eases in December
The unemployment rate in the euro area eased slightly in December, marking the first improvement since June 2014.
The rate of unemployed in the 19-nation currency bloc reached 11.4% in the twelfth month of the year, Eurostat showed on Friday, marking the eleventh month that the jobless rate has remained below the 12% threshold.
Concerning unemployment rates of particular member states, the lowest in December 2014 were recorded in Germany (4.8%) and Austria (4.9%), and the highest in Greece (25.8% in October 2014) and Spain (23.7%).
"The largest decreases were registered in Estonia (9.0% to 6.6% between November 2013 and November 2014), Bulgaria (12.8% to 10.8%), Greece (27.8% to 25.8% between October 2013 and October 2014), Hungary (9.3% to 7.3% between November 2013 and November 2014) and Poland (10.0% to 8.0%)," stated the official release from Eurostat.
In the region's number three economy, Italy, the gauge eased from its all-time high and reached 12.9% in December, according to data released by the National Institute of Statistics (ISTAT).
Youth unemployment
In December 2014, the youth unemployment rate hit 23.0% in the euro zone, compared with 23.9% in December 2013.
Moreover, the unemployment count among the young saw a decline by 168,000 in the 19-nation bloc in the reported period.
The lowest rates were observed in Germany (7.2%), Austria (9.0%) and the Netherlands (9.6%), and the highest in Spain (51.4%), Greece (50.6% in October 2014), Croatia (44.8% in the fourth quarter 2014) and Italy (42.0%).
A separate report showed on Friday that consumer prices in the euro 19-nation bloc edged down 0.6% in January, remaining in negative territory after its slide there in the previous month, and hitting the weakest print since data started to be compiled.
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