HotForex

[Jessica]

EURUSD trading higher in the European session. US New Home Sales data on focus today.

EURUSD rose yesterday and closed at 1.3355. The Flash Manufacturing Purchasing Managers Index in the Eurozone rose to a reading of 51.3 in August. The Flash Services PMI in the Eurozone rose to a reading of 51.0 in August. In Germany and France the Flash Manufacturing PMI and Flash Services PMI also recorded a gain in August. On the other side of the ocean the Unemployment Claims in the United States rose to 336K last week. The Flash Manufacturing PMI in the US came up a reading of 53.9 in August. Investors are now awaiting the New Home Sales report due from the United States later today. Support for the EURUSD is seen at 1.3298 and resistance is seen at 1.3407.

EURUSD-23-August-2013.jpg

GBPUSD

The Cable dropped yesterday and closed at 1.5588. The Sterling lost strength after the policy member of Bank of England Martin Weale indicated that the UK central bank is ready to announce further asset purchases if the economy shows signs of stalling. In a release today the Second Estimate Gross Domestic Product quarter over quarter came out better than the market expectation at a reading of 0.7 percent. Support for the GBPUSD is seen at 1.5536 and resistance is seen at 1.5650.

GBPUSD-23-August-2013.jpg

- See more at: http://blog.hotforex.com/eurusd-trad....KqvSFDqP.dpuf

[Jessica]

EURUSD continues to drift lower driven by the tensions in Syria. GDP and the Unemployment claims data due from the United States.


EURUSD dropped yesterday and closed at 1.339. The M3 Money Supply in the Eurozone rose 2.2 percent on an annual basis in July. The European Central Bank reported that the private loans in the Euro area dropped 1.9 percent on an annual basis in July. The GfK German Consumer Climate dropped to a reading of 6.9 for September. On the other side of the ocean the Pending Home Sales in the United States dropped 1.3 percent month over month in July. The ongoing crisis in Syria keeps supporting the safe heaven United States dollar against the single European currency. Investors are now awaiting the preliminary Gross Domestic Product data and the Unemployment Claims due from the United States. Support for the EURUSD is seen at 1.3259 and resistance is seen at 1.3343. The HotForex Traders Board shows that 51 percent of the traders are long on the EURUSD.

EURUSD-29-August-2013.jpg

GBPUSD

The Cable dropped yesterday and closed at 1.5524. The Governor of Bank of England Mark Carney stated the UK central bank is ready to provide further stimulus measures to boost the economy in the region. He also added that the policy makers plan to keep the interest rate at the record low of 0.50 percent for at least 3 years until the unemployment rate in the UK reaches 7 percent. A report showed that the CBI Realized Sales in the UK advanced to a reading of 27 in August. With no domestic releases from the United Kingdom today trading trends on the pair are expected to be determined by the releases from the United States. Support for the GBPUSD is seen at 1.5448 and resistance is seen at 1.5553. The HotForex Traders Board shows that 52 percent of the traders are long on the GBPUSD.

GBPUSD-29-August-2013.jpg

- See more at: http://blog.hotforex.com/eurusd-cont....868TLhRD.dpuf

[Jessica]

EURUSD continues to trade lower following positive US data. FOMC Member James Bullard speaks later today.

EURUSD dropped yesterday and closed at 1.3239. Data released from the United States indicated that the Unemployment Claims dropped to 331,000 during the last week. Another official data released yesterday showed that grew 2.5 percent in the second quarter of 2013. The Unemployment Rate in Germany remained at 6.8 percent in August. In a release today data showed that the Unemployment Rate in the Eurozone remained at 12.1 percent in July. Support for the EURUSD is seen at 1.3223 and resistance is seen at 1.3305. The HotForex Traders Board shows that 51 percent of the traders are long on the EURUSD.

EURUSD-30-August-2013.jpg

GBPUSD

The Cable dropped yesterday and closed at 1.5502. A report released today showed that the GfK Consumer Confidence in the United Kingdom rose to -13 in August. The Nationwide House Price Index came out in line with the market expectation at 0.6 percent in August. The Net Lending to Individuals month over month data released today dropped to 1.3 billion Sterling in July. Support for the GBPUSD is seen at 1.5448 and resistance is seen at 1.5553. The HotForex Traders Board shows that 56 percent of the traders are long on the GBPUSD.

GBPUSD-30-August-2013.jpg

- See more at: http://blog.hotforex.com/eurusd-cont...s-later-today/

[Jessica]

EURUSD trading higher in the European session. Light Economic Calendar due to the US Bank Holiday.

EURUSD dropped on Friday and closed at 1.3219. The personal income in the United States dropped 0.1 percent in July. On the other hand the Reuters/Michigan Consumer Sentiment Index rose to a reading of 82.1 in August. In the Eurozone the Consumer Confidence rose to -16 in August. The Retail Sales in Germany dropped 1.4 percent in July. The market keeps reacting to the crisis in Syria and the potential military attack is boosting the demand for the safe-haven dollar. The Manufacturing PMI data released today from several Eurozone countries came out better than the market expectation pushing the pair higher in the European. Due to the US Bank Holiday we don’t expect much movement on the market driven by the news. Investors should be aware that any potential news on the Syrian crisis may bring volatility on the market. Support for the EURUSD is seen at 1.3183 and resistance is seen at 1.3278. The HotForex Traders Board shows that 52 percent of the traders are long on the EURUSD.

EURUSD-02-September-2013.jpg

GBPUSD

The Cable dropped on Friday and closed at 1.5500. The Nationwide House Prices in the United Kingdom rose 0.6 percent month over month in August. The Mortgage Approvals rose to a reading of 60.6 in July. In a report today the Manufacturing PMI came out at a reading of 57.2, better than the market expectation of 55.2. Support for the GBPUSD is seen at 1.5464 and resistance is seen at 1.5586. The HotForex Traders Board shows that 57 percent of the traders are short on the GBPUSD.


GBPUSD-02-September-2013.jpg

http://blog.hotforex.com/eurusd-trad...-bank-holiday/

[Jessica]

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F22ETca.jpg

[Jessica]

EURUSD trading flat ahead of the ISM Manufacturing PMI release

EURUSD dropped yesterday and closed at 1.3190. The Manufacturing PMI in the Eurozone rose to two-year high coming at a reading of 51.4 in August. The manufacturing data from Italy and Spain also came out positive. The Producer Price Index data released today came out better than the market expectation showing a 0.3 percent gain in July. Investors are now waiting for the ISM Manufacturing Purchasing Managers Index due to be released from the United States later today. Support for the EURUSD is seen at 1.3167 and resistance is seen at 1.3254. The HotForex Traders Board shows that 59 percent of the traders are long on the EURUSD.

EURUSD-03-September-2013.jpg
- See more at: http://blog.hotforex.com/eurusd-trad...g-pmi-release/

[Jessica]

EURUSD continues to trade at the lows after positive ISM manufacturing data from the United States

EURUSD dropped yesterday and closed at 1.3169. The ISM Manufacturing Purchasing Managers Index in the United States advanced to a reading of 55.7 in August. A report from the Eurozone showed that the Producer Price Index in the Euro area rose 0.3 percent month over month in July. A report released today indicated that the Retail Sales in the Eurozone rose 0.1 percent in July, less than the market expectation of a 0.5 percent rise. Investors are now focused in the Trade Balance release due from the United States later today. Support for the EURUSD is seen at 1.3149 and resistance is seen at 1.3223. The HotForex Traders Board shows that 57 percent of the traders are long on the EURUSD.

EURUSD-04-September-2013.jpg

GBPUSD

The Cable rose yesterday and closed at 1.5558. The Construction Purchasing Managers Index in the United Kingdom rose to a reading of 59.1 in August. Following the positive tone the Services Purchasing Managers Index released today rose to a reading of 60.5 in August sending the pair above the 1.56 level. Support for the GBPUSD is seen at 1.5527 and resistance is seen at 1.5632. The HotForex Traders Board shows that 61 percent of the traders are short on the GBPUSD.

GBPUSD-04-September-2013.jpg

- See more at:http://blog.hotforex.com/eurusd-cont....c1S5p7R9.dpuf

[Jessica]

EURUSD near the lows ahead of the ECB Press Conference and the US Unemployment Claims

EURUSD rose yesterday and closed at 1.3206. The European Central Bank Executive Board Member Joerg Asmussen autioned that the forthcoming stress test, which will be part of a comprehensive assessment of the European banks, will be authorities’ last opportunity to restore confidence in the region’s banking system. The two previous tests failed. The Services PMI data from the Italy, France, Spain, Germany and the Eurzone confirmed that the economy in the EU has started to recover. On the other side of the ocean the trade balance in the United States widened to -39.1B in July. Investors are now focused on the Minimum Bid Rate release due from the Eurozone, the ECB Press Conference and the Unemployment Claims and the ADP Non-Farm Employment Change due from the United States. Investors should be fully aware of the possible high volatility on the market during the time of the releases. Support for the EURUSD is seen at 1.3949 and resistance is seen at 1.3223. The HotForex Traders Board shows that 56 percent of the traders are long on the EURUSD.

EURUSD-05-September-2013.jpg

GBPUSD

The Cable rose yesterday and closed at 1.5622. The Services PMI in the United Kingdom rose to a reading of 60.5 in August. In the session ahead we have the MPC Rate Statement, the Official Bank Rate and the Asset Purchase Facility releases due from the United Kingdom. We are expecting high volatility during the time of the releases. Support for the GBPUSD is seen at 1.5553 and resistance is seen at 1.5644. The HotForex Traders Board shows that 59 percent of the traders are short on the GBPUSD.

GBPUSD-05-September-2013.jpg

- See more at: http://blog.hotforex.com/eurusd-near....BEvMdtf1.dpuf

[noynoy]

so thats why its a bit low this time of the month lost some pips. i guess i need some rest from trading for a couple of days

[Jessica]

Dear noynoy

Get some rest and may the pips be with you! You can read daily the EURUSD and GBPUSD market analysis via HotForex Blog!

You can read the articles here: http://blog.hotforex.com/

[Jessica]

EURUSD trading near the 1.31 mark ahead of the Non-Farm Payrolls

EURUSD dropped yesterday and closed at 1.3119. The ECB Maintained its benchmark interest rate unchanged at 0.50 percent. The President of the European Central Bank Mario Draghi said that he would consider further rate cuts if necessary. Draghi also stated that the European Central Bank would not participate in any country’s debt restructuring plan, despite growing speculation that Greece will be unable to fully return to the financial markets when its current bailout ends in 2014. On the other side of the ocean the Unemployment Claims in the United States rose to a level 323K during the last week. The ISM Non-manufacturing Purchasing Managers Index rose to a reading of 58.6 in August. Investors are now looking for the Non-farm Payrolls and the Unemployment Rate releases due from the United States. Investors should be aware of the potential high volatility during the time of the releases. Support for the EURUSD is seen at 1.3103 and resistance is seen at 1.3223.

EURUSD-06-September-2013.jpg

- See more at: http://blog.hotforex.com/eurusd-trad....hlN8YANL.dpuf

[Jessica]

EURUSD continue to move higher today. Markets are focused on Fed and Syria.

EURUSD rose on Friday and closed at 1.3177. The US economy added 169K jobs in August, market had expected 180K. Speculations flooded the market that the United States Federal Reserve might delay the plans to taper its asset purchase program in order to support the job market. In the Eurozone the Industrial Production in Germany dropped 1.7 percent month over month in July. Due to the lack of economic releases from the Eurozone and the United States we expect a low volatility session ahead. Support for the EURUSD 1.3155 and resistance is seen at 1.3223.



EURUSD-09-September-2013.jpg

GBPUSD

The Cable rose on Friday and closed at 1.5627. Bank of England stated in its quarterly report that stated that its consumer inflation expectation for the next 12 months rose 3.2 percent. The Industrial Production in the UK recorded no gains in July and the Manufacturing Production rose 0.2 percent month over month in July. Support for the GBPUSD is seen at 1.5564 and resistance is seen at 1.5685.

GBPUSD-09-September-2013.jpg

- See more at: http://blog.hotforex.com/eurusd-cont....9aWtcySx.dpuf

[howtowin]

Dear noynoy

Get some rest and may the pips be with you! You can read daily the EURUSD and GBPUSD market analysis via HotForex Blog!

You can read the articles here: http://blog.hotforex.com/

Very thank for your articles. Those're useful.

[noynoy]

Dear noynoy

Get some rest and may the pips be with you! You can read daily the EURUSD and GBPUSD market analysis via HotForex Blog!

You can read the articles here: http://blog.hotforex.com/

Thanks Jess, I appreciate it. yeah, i keep an eye on the blog as well, its ben helping a lot

[howtowin]

I only trade with E/U pair so thanks a lot for your useful analysis posts.