Hotforex.com - Market Analysis and News.

Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Jan 12, 2015 9:10 am

[CENTER]Date : 12th January 2015

EURUSD TRADING NEAR THE LOWS IN THE LATE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR TODAY.
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EURUSD rose on Friday and closed at 1.1840. The German Industrial Production dropped on a monthly basis coming at a reading of 0.1 percent in November. The Unemployment Rate in the United States fell to a 15-year low level of 5.6 percent in December. The Non-Farm Payrolls surprised the investors coming better than the market expectations with a gain of 252K in December. The Wholesale Inventories also followed the positive tone registering a rise of 0.8 percent.

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The President of the United States Federal Reserve in Richmond, Jeffrey Lacker expressed his optimism about the US economy and projected a rise of the GDP from 2.5 to 3 percent in 2015.

On the other hand the President of the Federal Reserve in Chicago, Charles Evans stated that even as the labor market continues to show considerable progress the current inflation and the inflation outlook remain low and Fed should avoid increasing rates until 2016.

Support for the EURUSD is seen at 1.1763 and resistance is seen at 1.1889.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Jan 13, 2015 9:04 am

Date : 13th January 2015

EURUSD TRADING NEAR THE 1.1800 LEVEL AFTER PUSHING HIGHER IN THE ASIAN SESSION.


EURUSD dropped yesterday and closed at 1.1833. The European Central Bank Governing Council Member Ewald Nowotny stated that the central bank should act soon rather than later to boost the economic growth and inflation in the currency union. Nowotny also added that the policymakers are discussing steps including bond buying in order to spur the growth in the region. It is also widely expected that the ECB will announce a launch of the QE program as early as 21st January, as consumer prices in the EU are into deflationary territory according to the preliminary data that was released.

During his speech yesterday the President of the United States Federal Reserve in Atlanta Dennis Lockhart indicated that the sees the US economy moving ahead in its recovery. Lockhart added that he sees the potential increase in the interest rates in the middle of 2015.

Support for the EURUSD is seen at 1.1763 and resistance is seen at 1.1889.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Jan 14, 2015 8:15 am

Date : 14th January 2015

EURUSD DROPS BELOW 1.1747 WHILE ECB CONTINUES TO DISCUSS THE QE PROGRAM. US RETAIL SALES DATA DUE TODAY.


EURUSD dropped yesterday and closed at 1.1771. Data released yesterday showed that the German Wholesale Price Index dropped 1.0 percent on a monthly basis in December. On the other hand the Industrial Production in Italy rose 0.3 percent on a monthly basis in November beating the market expectations of a 0.1 percent rise.

In the United States the NFIB Small Business Index rose to a level of 100.4 in December. Another report revealed that the JOLTS Job Openings advanced to a reading of 4.97M in November.

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The World Bank increased the economic growth forecast for the United States to 3.2 percent from 3.0 percent projected earlier, while downgrading the Eurozone economic growth forecast to 1.1 percent from the 1.8 percent projected earlier.

Investors are now looking forward for the Retail Sales data due to be released from the United States later today.

Support for the EURUSD is seen at 1.1734 and resistance is seen at 1.1870.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Thu Jan 15, 2015 10:42 am

Date : 15th January 2015

A HISTORICAL DAY FOR THE FOREX MARKET – EURUSD DROPPED BELOW 1.1600 AFTER SNB REMOVED THE 1.20 PEG.


EURUSD rose yesterday and closed at 1.1789. The European Court of Justice ruled that the ECB bond buying program was legitimate once certain conditions were met. Basically the ruling cleared the obstacle in front of the program and the QE might be launched when ECB decides.

Data from the United States revealed that the dropped 0.9 percent in December. The Core Retail Sales recorded a drop of 1.0 percent.

The President of the United States Federal Reserve in Philadelphia Charles Plosser urged the central bank to hike the interest rates soon, citing the improvements in the US economic conditions.

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During the European session today the Swiss National Bank decided to remove the peg from the 1.20 level on the EURCHF. The release shocked the markets and caused large moves on a large number of currency pairs sending EURUSD below the 1.1600 level.

Reports released from the United States indicated that the Unemployment Claims rose slightly during the last week to 316K. On the other hand the Core PPI and the Empire State Manufacturing Index surprised the markets with better than expected performance.

Investors are now looking forward for the Philly Fed Manufacturing Index and the speech of the Deutsche Bundesbank President Jens Weidmann due later today.

Support for the EURUSD is seen at 1.1660 and resistance is seen at 1.1825.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Fri Jan 16, 2015 8:03 am

Date : 16th January 2015

EURUSD TRADING HIGHER AHEAD OF THE EUROZONE’S FINAL CPI DATA.


EURUSD dropped yesterday and closed at 1.1632. The Trade Balance in the Eurozone increased to 20 Billion Euro in November. Data from the United States indicated that the initial jobless claims rose to 316K during the last week. On the other hand the Empire State Manufacturing Index rose to a level of 10 in January.

The President of the United States Federal Reserve in Boston Eric Rosengren opined that he is not confident about the US moving towards the 2 percent inflation target and urged the central bank to remain patient about increasing the interest rates.

Investors are now looking forward for the Final CPI data from the Eurozone and the CPI data from the United States. Later on the Preliminary University of Michigan Consumer Sentiment is due to be released from the United States.

Support for the EURUSD is seen at 1.1583 and resistance is seen at 1.1740.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Mon Jan 19, 2015 10:34 am

[CENTER]Date : 19th January 2015

EURUSD REMAINS STABLE IN THE QUIET EUROPEAN SESSION SO FAR. US BANKS CLOSED DUE TO THE OBSERVANCE OF THE MARTIN LUTHER KING DAY.
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EURUSD dropped on Friday and closed at 1.1563. The CPI in the Eurozone dropped 0.2 percent on an annual basis in December. Inflation remained below the 2 percent target of the European Central Bank for a 22nd consecutive month.

Data from the United States revealed that the consumer prices in the US dropped 0.4 percent on a monthly basis in December. The President of the United States Federal Reserve in Minneapolis Narayana Kocherlakota warned the US central bank against risk of raising the interest rate prematurely. He also urged Fed to consider the inflation data before thinking of moving forward with the interest rate increase.

On the other hand the President of Fed in St. Louis James Bullard reiterated that Fed should raise the interest rates by the end of the first quarter of 2015. His view was also supported by the San Fracisco Fed President John Williams who expressed confidence in the job market and the inflation outlook.

The US banks are closed today due to the observance of the Martin Luther King Day.

Support for the EURUSD is seen at 1.1490 and resistance is seen at 1.1646.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Jan 20, 2015 8:04 am

Date : 20th January 2015

EURUSD STABLE AFTER BETTER THAN EXPECTED GERMAN ZEW ECONOMIC SENTIMENT RELEASE.


EURUSD rose yesterday and closed at 1.1606. The Current Account in the Eurozone dropped to 18.1B in November.

Early this morning the International Monetary Fund cut the economic growht forecast for the Eurozone to 1.2 percent in 2015 from the previous estimate of 1.3 percent. On the other hand the growth forecast for the United States was revised up to 3.6 percent from the previous forecast of 3.1 percent, due to the robust private domestic demand according to the IMF.

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Investors are now looking forward for the speech of the FOMC member Jerome Powell at the Brookings Institution in Washington DC due later today.

Support for the EURUSD is seen at 1.1490 and resistance is seen at 1.1646.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Jan 21, 2015 7:57 am

Date : 21th January 2015

EURUSD TRADING SIDEWAYS IN THE EUROPEAN SESSION. US BUILDING PERMITS DATA DUE TO BE RELEASED TODAY.


EURUSD dropped yesterday and closed at 1.1549. The German ZEW Economic Sentiment rose to a reading of 48.4 in January surprising the market participants. The ZEW Economic Sentiment in the Eurozone followed the positive tone and also recorded a rise to a reading of 45.2.

Data from the United States indicated that the NAHB Housing Market Index unexpectedly dropped to a reading of 57.0 in January.

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During his speech in Washington DC the FOMC Member Jerome Powell condemned the manipulation of benchmark interest rates like the LIBOR and called for further regulatory measures to prevent such rigging and restore the public confidence in the financial system.

Investors are now looking forward for the Building Permits data due from the United States later today.

Support for the EURUSD is seen at 1.1490 and resistance is seen at 1.1646.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Tue Jan 27, 2015 1:50 am

Date : 23rd January 2015

EURUSD DROPPED NEAR THE 1.1100 LEVEL AHEAD OF THE US SESSION.


EURUSD dropped yesterday and closed at 1.1360. During the ECB Press Conference the President of the European Central Bank Mario Draghi announced the start of the QE program. He stated that ECB will purchase 60 billion EUR per month worth of securities including investment grade sovereign bonds starting from the beginning of March and currently scheduled to September 2016. The European Central Bank decided to keep the interest rate steady at 0.05 percent.

Data from the United States revealed that the Unemployment Claims dropped to 307K during the last week. Another report indicated that the House Price Index in the US rose 0.8 percent from the 0.4 percent registered during the previous month.

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During the European session today the single European currency registered another sharp drop registering lows near the 1.1100 level.

Investors should be aware that the premature parliamentary elections in Greece on Sunday may bring volatility on the market during the market open.

Support for the EURUSD is seen at 1.1114 and resistance is seen at 1.1374.

Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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Re: Hotforex.com - Market Analysis and News.

Postby HFblogNews » Wed Jan 28, 2015 5:15 am

Date : 27th January 2015

EURUSD TRADING HIGHER AHEAD OF THE US CORE DURABLE GOODS ORDERS REPORT.


EURUSD rose yesterday and closed at 1.1237. Data released yesterday showed that the German Ifo Business Climate rose to a level of 106.7 in January reaching a 6-month high.

The afternoon will be dominated by releases from the United States including the Core Durable Goods Orders, The CB Consumer Confidence and the New Home Sales data. The ECOFIN Meetings are also taking place today in Brussels.

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Investors should be fully aware that any potential information regarding the situation in Greece might bring volatility on the market.

Support for the EURUSD is seen at 1.1135 and resistance is seen at 1.1344.

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Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
HotForex is an award winning, fully regulated and licensed online forex and commodities broker. Offers various accounts, trading software and trading tools to trade Forex and Commodities for individuals, fund managers and institutional customers.
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