D1 price is located above Ichimoku cloud/kumo - secondary correction inside primary bullish is just started on open D1 bar, and the price is trying to break 1.3773 resistance for bullish to be continuing.
W1 price is on bullish ranging for 5 weeks from now and trying to break 1.3739 resistance to continuing primary bullish market condition.
the price will break 1.3773 resistance on D1 close bar so the primary bullish may be continuing (good to open buy trade).If not so we may see the ranging market condition within primary bullish on D1.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2013-02-24 09:00 GMT (or 10:00 MQ MT5 time) | [EUR - German Ifo Survey]
2013-02-24 10:00 GMT (or 11:00 MQ MT5 time) | [EUR - CPI]
2013-02-25 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - German GDP]
2013-02-25 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Consumer Confidence]
2013-02-26 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - GfK German Consumer Survey]
2013-02-26 15:00 GMT (or 16:00 MQ MT5 time) | [USD - New Home Sales]
2013-02-27 08:55 GMT (or 09:55 MQ MT5 time) | [EUR - German Unemployment Change]
2013-02-27 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Durable Goods Orders]
2013-02-27 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed's Yellen Speech]
2013-02-28 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - German Retail Sales]
2013-02-28 10:00 GMT (or 11:00 MQ MT5 time) | [EUR - CPI Flash]
2013-02-28 13:30 GMT (or 14:30 MQ MT5 time) | [USD - GDP]
2013-02-28 14:45 GMT (or 15:51 MQ MT5 time) | [USD - Chicago PMI]
2013-02-28 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Pending Home Sales]Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bullish
TREND : ranging
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newdigital, 2014.02.22 10:27
Forex Weekly Fundamentals : Outlook Feb. 24-28
Weaker than expected data was reported almost everywhere. After
suffering losses, can the US dollar emerge as a winner? Euro-zone
inflation, Us consumer confidence, Housing data, Unemployment Claims and
GDP data from the US, UK and Canada are among the major events on our
calendar. Here is an outlook on the main market-movers this week.
The weakness was seen everywhere: a terrible Philly Fed Index in the
US, a disappointing growth rate in Japan, a weak PMI in China, lower
business sentiment in Germany and a rising unemployment rate in the UK,
among others. Nevertheless, it seems that one central bank is not
deterred: the Federal Reserve. Meeting minutes from the last decision
showed again that the taper train is on the track.
newdigital, 2014.02.22 15:47
EURUSD Fundamentals (based on dailyfx article)
Fundamental Forecast for Euro: Neutral
newdigital, 2014.02.24 10:51
if actual > forecast = good for currency (for EUR in our case)
German Business Confidence Strongest Since Mid-2011
German business confidence strengthened unexpectedly in January to the highest level since July 2011 despite a drop in expectations.
business confidence index climbed to 111.3 from 110.6 in January, the
Ifo institute reportedly said Monday. The reading was expected to remain
stable at 110.6.
Likewise, the current conditions index improved
to 114.4 from 112.4 a month ago. Nonetheless, the score is below the
expected level of 112.7.
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EURUSD, M5, 2014.02.24
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5 : 19 pips price movement by EUR - German Ifo Survey news event
newdigital, 2014.02.23 19:44
EUR/USD Fundamentals - weekly outlook: February 24 - 28 (based on investing article)
The euro was higher against the dollar on Friday following the release
of weaker-than-expected data on U.S. existing home sales, amid ongoing
concerns over the impact of severe winter weather on the economic
Monday, February 24
newdigital, 2014.02.25 09:31
German Q4 Growth Confirmed At 0.4%
The German economy expanded moderately at the end of 2013, as initially estimated early this month, final data from Destatis showed Tuesday.
gross domestic product increased 0.4 percent from a quarter ago,
slightly faster than the 0.3 percent expansion seen in the third
quarter. This was in line with the results of calculations published on
The expenditure-side breakdown of GDP showed that
exports of goods and services were up 2.6 percent from the third
quarter. At the same time, imports increased by not more than 0.6
EURUSD, M5, 2014.02.25
EURUSD M5 : 7 pips price movement by EUR - German GDP news event
newdigital, 2014.02.25 09:38
2013-02-25 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - France Business Climate]
French Business Confidence Remains Unchanged In February
French business confidence remained unchanged as expected in February, a closely-watched survey showed Tuesday.
The business sentiment index came in at 100 for the third consecutive month, the statistical office Insee said.
balance of opinion on past change in production has improved and has
reached its long-term average. The balance of opinion on personal
production expectation fell marginally to 9 from 10. General production
expectations weakened to -6 from -4 in January.
EURUSD M5 : 18 pips price movement by EUR - France Business Climate news event
newdigital, 2014.02.25 14:55
EURUSD Technical Analysis (based on dailyfx article)
newdigital, 2014.02.25 13:04
Trading the News: U.S. Consumer Confidence (adapted from dailyfx article)
The Conference Board’s Consumer Confidence survey is expected to narrow
to 80.0 in February and a marked decline in household sentiment may
trigger a bearish reaction in the U.S. dollar as it dampens the outlook
for growth and inflation.
Time of release: 02/25/2014 15:00 GMT, 10:00 EST
Primary Pair Impact: EURUSD
Forecast: 78.0 to 82.0
Why Is This Event Important:
With the Federal Open Market Committee (FOMC) poised to discuss another
$10B taper at the March 19 meeting, a dismal confidence reading may have
a greater impact on the interest rate outlook, and the greenback may
face additional headwinds over the near to medium-term as the central
bank retains the dovish twist to its forward-guidance.
How To Trade This Event Risk
Bearish USD Trade: Confidence Survey Weakens to 80.0 or Lower
January 2014 U.S. Consumer Confidence (EURUSD M5 : 16 pips price movement by USD - Consumer Confidence news event) :
EURUSD M5 : 30 pips price movement by USD - CB Consumer Confidence news event
newdigital, 2014.02.25 17:00
if actual > forecast = good for currency (for USD in our case)
U.S. Consumer Confidence Index Falls More Than Expected In February
With consumers expressing concerns about the short-term outlook for business
conditions, jobs, and earnings, the Conference Board released a report
on Tuesday showing that U.S. consumer confidence has deteriorated by
more than expected in February.
The Conference Board said its
consumer confidence index fell to 78.1 in February from a downwardly
revised 79.4 in January. Economists had been expecting the index to edge
down to 80.1 from the 80.7 originally reported for the previous month.
newdigital, 2014.02.26 09:00
German GfK Consumer Sentiment To Improve In March
Germany's consumer confidence is set to improve in March, a closely watched survey from GfK showed Wednesday.
consumer confidence index rose to 8.5 points from 8.3 points in
February. The index was forecast to remain unchanged at February's
originally estimated value of 8.2.
EURUSD M5 : 7 pips ranging price movement by EUR - GfK German Consumer Survey news event :
newdigital, 2014.02.27 09:14
2013-02-27 07:45 GMT (or 08:45 MQ MT5 time) | [EUR - French Consumer Confidence]
French Consumer Confidence 85 vs. 86 forecast
French consumer confidence fell unexpectedly last month, official data showed on Thursday.
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.
newdigital, 2014.02.27 09:20
2013-02-27 08:00 GMT (or 09:00 MQ MT5 time) | [EUR - Spain GDP]
Spanish GDP 0.2% vs. 0.3% forecast
Spain’s gross domestic product rose less-than-expected last month, official data showed on Thursday.
In a report, Instituto Nacional de Estadistica said that Spanish GDP rose to 0.2%, from 0.3% in the preceding month.Analysts had expected Spanish GDP to rise 0.3% last month.
EURUSD, M5, 2014.02.27
EURUSD M5 : 35 pips price movement by EUR - French Consumer Confidence and EUR - Spain GDP news events