EUR/USD is starting off the new trading week quietly. The euro gained closed to one cent last week, and is trading in the mid-1.33 in Monday’s European session. Taking a look at Monday’s releases, it’s a quiet start to the week. Eurozone releases started off with a whimper ,as today’s tow releases disappointed. Both Italian and Eurozone Trade Balances fell well short of their estimates. In the…Continue
Added by Yohay Elam on June 17, 2013 at 9:45am — No Comments
The pound enjoyed another good week, climbing close to two cents against the US dollar. GBP/USD closed at 1.5737. This week’s major events include CPI and Retail Sales. Here is an outlook of the events and an updated technical analysis for GBP/USD.
Both UK and US numbers were a mix last week. In the UK, Manufacturing Production missed the estimate but unemployment…Continue
Added by Yohay Elam on June 16, 2013 at 9:49am — No Comments
EUR/USD advanced for a fourth consecutive week and is at a 4 month high, riding on the dollar’s weakness. Will the pair make a correction or continue advancing steadily? German ZEW Economic Sentiment and Flash PMI figures will provide insights about the direction of the euro-zone economies, and are the main events of the week. Here is an outlook for the week’s events and an updated technical analysis…Continue
Added by Yohay Elam on June 15, 2013 at 10:53pm — No Comments
EUR/USD is showing limited movement, as the pair trades in the low-1.33 range in Friday’s European session. The pair shrugged off strong US retail sales and unemployment numbers on Thursday. Inflation data is on the minds of the markets, as Eurozone CPI and Core CPI matched expectations. The US wraps up the week with two key releases – PPI and Preliminary UoM Consumer…Continue
Added by Yohay Elam on June 14, 2013 at 9:26am — No Comments
EUR/USD is steady in Thursday trading, as the markets tread cautiously ahead of today’s US releases. The pair is trading in the mid-1.33 range in the European session. as the euro continues the rally which began at the end of May. In the Eurozone, today’s only data was German WPI, which disappointed the markets with is third consecutive decline. The US will release a host of events later,…Continue
Added by Yohay Elam on June 13, 2013 at 9:52am — No Comments
EUR/USD continues to rise slowly but surely against the US dollar. The pair has pulled above the 1.33 line, as the euro continues the rally which began at the end of May. On Tuesday, the German Constitutional Court will wrap up hearings into the legality of the ECB bond-buying rescue program. In economic news, German Final CPI matched the forecast, while French CPI missed the estimate. Tuesday’s…Continue
Added by Yohay Elam on June 12, 2013 at 9:35am — No Comments
EUR/USD continues to move higher, as the pair trades in the high-1.32 range on Tuesday. Later today, a German court will rule on the legality of OMT, the ECB’s bond-buying rescue program. It’s another quiet day in economic news, with no other releases from the Eurozone. In the US, there are just two minor releases on the schedule – the NFIB Small Business Index and Wholesale…Continue
Added by Yohay Elam on June 11, 2013 at 9:48am — No Comments
EUR/USD has started the new trading week quietly, as it trades at the 1.32 line. The euro enjoyed a solid week, gaining over two cents against the US dollar. The greenback was broadly weaker after Friday’s US Non-Farm Payrolls came in above the estimate. On Monday, French Industrial Production sparked, jumping 2.2%, its best performance since January 2011. The sole US release is a speech by FOMC…Continue
Added by Yohay Elam on June 10, 2013 at 9:50am — No Comments
The pound rocketed higher, gaining 350 points against the US dollar. GBP/USD closed at 1.56784. This week’s major events include Manufacturing Production and Claimant Count Change. Here is an outlook of the events and an updated technical analysis for GBP/USD.
British economic data looked good last week, as all three PMIs beat their estimates, and all were above…Continue
Added by Yohay Elam on June 9, 2013 at 4:47pm — No Comments
EUR/USD moved higher in a turbulent week, riding on dollar weakness and on a calming message from Draghi. Industrial production, ECB Monthly Bulletin and Inflation data are the major events this week. Here is an outlook on the main events ahead and an updated technical analysis for EUR/USD.
Mario Draghi said …Continue
Added by Yohay Elam on June 8, 2013 at 11:21pm — No Comments
EUR/USD shot higher on Thursday, gaining about 150 points on Thursday. The ECB opted to maintain the current benchmark interest rate at 0.50% and deposit rates at 0%. However, the pair got a boost from optimistic comments from ECB head Mario Draghi about Eurozone growth in 2014. In economic news, German Factory Orders looked weak, hitting a seven-month low. In the US, Unemployment Claims bounced…Continue
After a strong start to begin the new month, EUR/USD has settled down, and was unchanged on Tuesday. The pair continues to trade in the high-1.30 range in Wednesday’s European session. In economic news, Spain continues to post impressive numbers, as Spanish Services PMI posted its best reading in almost two years. However, the Italian and Eurozone PMIs failed to meet the estimates. In the US, the trade deficit widened, but managed to beat expectations. The markets are keeping a close…Continue
Added by Yohay Elam on June 5, 2013 at 9:40am — No Comments
The euro has started the month of June with a bang, as EUR/USD continues to push higher. The pair has gained close to two cents this week, and was trading in the high-1.31 range in Tuesday’s European session. The euro got a boost from excellent Spanish numbers, as Unemployment Change dropped sharply. US key releases continue to slump, as ISM Manufacturing PMI came in below the estimate. Today’s…Continue
Added by Yohay Elam on June 4, 2013 at 10:08am — No Comments
The euro has started the week with some modest gains, as EUR/USD punched past the 1.30 level in Monday’s Asian session. In economic news, Italian, Spanish and Eurozone Manufacturing PMIs all improved and beat their estimates. In the US, today’s highlight is ISM Manufacturing PMI. The markets are anticipating another reading slightly above the 50-point level, which would indicate modest…Continue
Added by Yohay Elam on June 3, 2013 at 9:25am — No Comments
The pound showed some strong movement in both directions, and managed to post some gains this week. GBP/USD closed just shy of the 1.52 line, at 1.5198. This week's major events include PMIs, the Official Bank Rate, and Asset Purchase Facility. Here is an outlook of the events and an updated technical analysis for GBP/USD.
British inflation numbers, including CPI,…Continue
Added by Yohay Elam on June 2, 2013 at 6:01pm — No Comments
EUR/USD advanced cautiously for a second week in a row, but eventually closed under 1.30. The focus now shifts to the euro-zone, with the all important rate decision. Will we see a negative deposit rate, or hints of one? There are quite a few additional important events. Here is an outlook on the main market-movers awaiting us and an updated technical analysis for EUR/USD.
Added by Yohay Elam on June 2, 2013 at 1:17am — No Comments
A slow start to the week seems long behind us, as the euro continues to rally against the dollar.EUR/USD is trading in the high-1.29 range in Thursday’s European session. Will we see a move towards the 1.30 barrier? In economic news, Eurozone Retail PMI looked sharp, hitting an eight-month high. The markets are awaiting the Italian 10-year bond auction. We could see some action from the pair as…Continue
Added by Yohay Elam on May 30, 2013 at 9:41am — No Comments
The Monday holiday in the US meant a slow start to the week, but the lack of activity ended abruptly on Tuesday, as EUR/USD posted sharp losses. The pair coughed up close to one cent after an excellent consumer confidence reading out of the US. The euro has partially recovered on Wednesday, as the pair trades close to the 1.29 line. In economic news, German Unemployment Change looked awful, jumping to its highest level in four years. It’s a quiet day in the US, with the sole event…Continue
Added by Yohay Elam on May 29, 2013 at 10:00am — No Comments
With the US markets closed on Monday, and no releases out of Europe, the EUR/USD also enjoyed a long weekend, showing no movement. The pair has edged lower on Tuesday, and is putting strong pressure on the 1.29 line. German Import Prices posted a sharp drop of 1.4%, its worst reading since July 2012. In the US, today’s highlight is US CB Consumer Confidence.
Here is a quick…Continue
Added by Yohay Elam on May 28, 2013 at 10:26am — No Comments
The pound showed some movement in both directions, but ended the week with very modest losses, as GBP/USD close at 1.5122. The upcoming week is very quiet, with just four releases on the schedule. Here is an outlook of the events and an updated technical analysis for GBP/USD.
British inflation numbers, including CPI, missed their estimates, and Retail Sales looked…Continue
Added by Yohay Elam on May 26, 2013 at 5:04am — No Comments