EUR/USD Continues Its Drop in July Messages Oil Materially-production spare 22/07/2010
EUR/USD continued the decline today before and after the issue in oil materially-production spare shown rather small increase. The Traders also on yesterday s news and on elevated level of the repulsion of the risk. The Exchange pair currently trades around 1.2818.
Materially-production spares to Crude oil rose 0.4 million barrel in USA for past week. In the interim gasoline materially-production spares of the total engine rose 1.1 million barrel. The Growing accompanied 5.5 million of declines of the barrels in crude oil and 1.6 million of increases of the barrels in gasoline materially-production spare week earlier.
Yesterday, report on home begins and building of the permits was released. The Home begins the carrion from 578k before 549k in USA in June. The Building of the permits rose from 574k before 586k., expected values of the forecast were 577k and 575k, accordingly.
Showing posts with label EUR/USD. Show all posts
Showing posts with label EUR/USD. Show all posts
2010-07-22
2010-07-20
Free forex signals and comment Forex for eur/usd and gbp/usd on 21/07/2010!
EUR/USD intraday: the upside prevails.
Pivot: 1.2955.
My Preference: LONG positions @ 1.2965 with 1.307 & 1.315 in sight.
Alternative scenario: The downside breakout of 1.2955 will open the way to 1.2875 & 1.2825.
Comment Forex: the pair remains in a bullish channel. The upside breakout of 1.30 opened the way towards 1.3070 initially.
Trend: ST Ltd Upside; MT Range
GBP/USD intraday: towards 1.537
Pivot: 1.5245.
My Preference: LONG positions @ 1.5255 with 1.534 & 1.537 as next targets.
Alternative scenario: The downside breakout of 1.5245 will open the way to 1.521 & 1.5145.
Comment Forex: the pair bounced of its 50% retracement area of the last up move. Intraday technical indicators are calling for further advance.
Pivot: 1.2955.
My Preference: LONG positions @ 1.2965 with 1.307 & 1.315 in sight.
Alternative scenario: The downside breakout of 1.2955 will open the way to 1.2875 & 1.2825.
Comment Forex: the pair remains in a bullish channel. The upside breakout of 1.30 opened the way towards 1.3070 initially.
Trend: ST Ltd Upside; MT Range
GBP/USD intraday: towards 1.537
Pivot: 1.5245.
My Preference: LONG positions @ 1.5255 with 1.534 & 1.537 as next targets.
Alternative scenario: The downside breakout of 1.5245 will open the way to 1.521 & 1.5145.
Comment Forex: the pair bounced of its 50% retracement area of the last up move. Intraday technical indicators are calling for further advance.
2010-07-18
Forecast for eur/usd on Forex 19/07/2010
Forecast for eur/usd on Forex 19/07/2010
EUR/USD dayly: consolidation.
Peg: 1.286
My preference: Long positions on 1.286 with purpose @ 1.3 & 1.305 in expansion.
The Alternative scenario: Below 1.286 take promote downside since 1.2775 & 1.27 as purposes.
The Comment Forex: downwards driving power defect RSI and pair must send the decline in its support of the channel.
At monday offer to wait moment and be defined with trend forex market, but then conduct deals !
EUR/USD dayly: consolidation.
Peg: 1.286
My preference: Long positions on 1.286 with purpose @ 1.3 & 1.305 in expansion.
The Alternative scenario: Below 1.286 take promote downside since 1.2775 & 1.27 as purposes.
The Comment Forex: downwards driving power defect RSI and pair must send the decline in its support of the channel.
Forex daily eur/usd 19/07/2010At monday offer to wait moment and be defined with trend forex market, but then conduct deals !
2010-07-12
Fundamental analysis EURO for last week!
Fundamental analysis EURO for last week!
The Euro is the only one among the majors, which managed to retain the “triumphant” totals resulting of the weekly trades against the US Dollar.
The evident bust of the information flow as for the Euro zone’s debts problems, the high-leveled demand for the Spanish bonds, which was observed during the last bid auction, and finally, the assurances of the Spanish government of the guaranteed fulfillment of its obligation, which should expire in July, supported the common European currency.
Moreover, the stock markets’ optimism also leveled up the demand for the Euro. Though, the widening of the profitability spread between the 10-year Greek bonds and the German one with the same expiry period till 8% per annum in last trading day of the week i.e., on Friday, reminded the market of the default threatens’ relevance. That caused the sudden reversal to the common currency’s sales, but all the same it couldn’t derogate all Euro positions gained to the US Dollar. Furthermore, ECB went ahead refinancing the banks and announced the terms of the stress-tests – that calmed down the markets and so aroused interest in the Euro, of course. The interest rate remained unchangeable at the last meeting of the European regulator, while the J.-C.
Triche’s comments sounded optimistically. The data on the EU economy made no surprise as the GDP upturn for the 1st quarter remained within the edges of the advanced estimation, at 0.2% q/q and 0.6% y/y, though both the consumption and net export decreased. The May values of the European manufacturing indicators were reasonably good. The leading economies stated raise – Germany for +2.6% and France for +1.7%, however, the trading balances marked the opposite results as the surplus curtailed in Germany, while the deficit grew up in France. The situation is also unpromising long term, because the advancing indicator of the manufacturing orders lowered down for 0.5% in Germany, and that in its turn presumes the further cut down of the export as the principal trading item of the EU largest economy with its abroad partners is the industrial products. The ZEW report is expected this week. The business behavior index is predicted to tumble both in Germany and within the Euro zone in general by reason of elevated apprehensions concerning the Euro zone troubles and especially as for the banking sector.
The inflationary parameters are forecasted to note decline; though, following both the forecasts and the data on the European leading economies, these indicators increased in May as compared to April. Also, there’s one more negative prediction for the Euro: the foreign trading balance’s surplus shortage. As seen, the major portion of the news predicts the downgrading trend resulting of the economic processes. Certainly, it will cause the change of the attitude to the Euro, which will be far from favoring the common currency, if it occurs in fact, of course.
The Euro is the only one among the majors, which managed to retain the “triumphant” totals resulting of the weekly trades against the US Dollar.
The evident bust of the information flow as for the Euro zone’s debts problems, the high-leveled demand for the Spanish bonds, which was observed during the last bid auction, and finally, the assurances of the Spanish government of the guaranteed fulfillment of its obligation, which should expire in July, supported the common European currency.
Moreover, the stock markets’ optimism also leveled up the demand for the Euro. Though, the widening of the profitability spread between the 10-year Greek bonds and the German one with the same expiry period till 8% per annum in last trading day of the week i.e., on Friday, reminded the market of the default threatens’ relevance. That caused the sudden reversal to the common currency’s sales, but all the same it couldn’t derogate all Euro positions gained to the US Dollar. Furthermore, ECB went ahead refinancing the banks and announced the terms of the stress-tests – that calmed down the markets and so aroused interest in the Euro, of course. The interest rate remained unchangeable at the last meeting of the European regulator, while the J.-C.
Triche’s comments sounded optimistically. The data on the EU economy made no surprise as the GDP upturn for the 1st quarter remained within the edges of the advanced estimation, at 0.2% q/q and 0.6% y/y, though both the consumption and net export decreased. The May values of the European manufacturing indicators were reasonably good. The leading economies stated raise – Germany for +2.6% and France for +1.7%, however, the trading balances marked the opposite results as the surplus curtailed in Germany, while the deficit grew up in France. The situation is also unpromising long term, because the advancing indicator of the manufacturing orders lowered down for 0.5% in Germany, and that in its turn presumes the further cut down of the export as the principal trading item of the EU largest economy with its abroad partners is the industrial products. The ZEW report is expected this week. The business behavior index is predicted to tumble both in Germany and within the Euro zone in general by reason of elevated apprehensions concerning the Euro zone troubles and especially as for the banking sector.
The inflationary parameters are forecasted to note decline; though, following both the forecasts and the data on the European leading economies, these indicators increased in May as compared to April. Also, there’s one more negative prediction for the Euro: the foreign trading balance’s surplus shortage. As seen, the major portion of the news predicts the downgrading trend resulting of the economic processes. Certainly, it will cause the change of the attitude to the Euro, which will be far from favoring the common currency, if it occurs in fact, of course.
2010-07-08
Technical analysis and recommendations on EUR/USD in Forex - 09/07/2010!
Technical analysis and recommendations on EUR/USD in Forex - 09/07/2010!
The Line of the resistance of the ascendant channel (the red lines) is much corrected confirms its status and does not allow the price to demonstrate the more high rate of growth. This time level 1.2680/85 became the stumbling block, and presently price was lowered to 1.2650/40.
The Indicators continue to signalize about u-turn downwards, divergency on MACD increased, but R% tries to abandon the zone repurchase.
Obviously, there is sense with raised by attention to consider the variants begin top-down motion. What seems, breakdown of support 1.2620/30 will declare about probability begin falls of the price and the following support, herewith, will be a level 1.2570, but then 1.2510/00.
In ditto time, situation while leaves the priorities on side of the growing. The Breakdown level 1.2680 can condition the next activity a market with intention to pop the price to more high level, in region 1.2800/1.2900.
In ditto time that these intentions had a good chances for realization necessary fastening to trade above level of the resistance 1.2720/30, which presently complies with line long-term top-down trend and this reinforcement capable to split all diligences oxen .
The Line of the resistance of the ascendant channel (the red lines) is much corrected confirms its status and does not allow the price to demonstrate the more high rate of growth. This time level 1.2680/85 became the stumbling block, and presently price was lowered to 1.2650/40.
The Indicators continue to signalize about u-turn downwards, divergency on MACD increased, but R% tries to abandon the zone repurchase.
Obviously, there is sense with raised by attention to consider the variants begin top-down motion. What seems, breakdown of support 1.2620/30 will declare about probability begin falls of the price and the following support, herewith, will be a level 1.2570, but then 1.2510/00.
In ditto time, situation while leaves the priorities on side of the growing. The Breakdown level 1.2680 can condition the next activity a market with intention to pop the price to more high level, in region 1.2800/1.2900.
In ditto time that these intentions had a good chances for realization necessary fastening to trade above level of the resistance 1.2720/30, which presently complies with line long-term top-down trend and this reinforcement capable to split all diligences oxen .
2010-07-05
Free signal, recommendation Forex market base on Technical analysis currency pair EUR/USD on 06/07/2010
Free signal, recommendation Forex market base on Technical analysis currency pair EUR/USD on 06/07/2010
Either as was expected, growing on this vapour(pair) lasted, and the price has tested mentionned in past commentary resistance 1.2620/00.
Presently, as a result of recoil, trade to lead at a rate of 1.2530/50.
The Indicators save the moods in favour of growing, but MACD has weakened the ascent of the histograms and will probably begin their reduction that points to break in ascent of the price.
In this situations, obviously, there is sense to tune in on continuation of the correction in боковом corridor, with provision for saving on high level by probability of the continuation of the growing to new maximum, at a rate of 1.2730/20 possible.
However, for this first necessary breakdown current local pica 1.2610.
The Alternative scenario - on probability of the u-turn and renewing the fall, will possible consider at breakdown of support 1.2430/40 1.2380.
Apropos, and about this was spoken earlier, at ascent of the sale to resistance at a rate of 1.2720/30 will vastly increase the risk of the fortification of united currency before mark 1.2900/20.
Either as was expected, growing on this vapour(pair) lasted, and the price has tested mentionned in past commentary resistance 1.2620/00.
Presently, as a result of recoil, trade to lead at a rate of 1.2530/50.
The Indicators save the moods in favour of growing, but MACD has weakened the ascent of the histograms and will probably begin their reduction that points to break in ascent of the price.
In this situations, obviously, there is sense to tune in on continuation of the correction in боковом corridor, with provision for saving on high level by probability of the continuation of the growing to new maximum, at a rate of 1.2730/20 possible.
However, for this first necessary breakdown current local pica 1.2610.
The Alternative scenario - on probability of the u-turn and renewing the fall, will possible consider at breakdown of support 1.2430/40 1.2380.
Apropos, and about this was spoken earlier, at ascent of the sale to resistance at a rate of 1.2720/30 will vastly increase the risk of the fortification of united currency before mark 1.2900/20.
Comment, recommendations, signals for forex traiders - currency EUR/USD intraday
EUR/USD intraday: intraday support around 1.248.
Pivot: 1.248
My preference: Long positions above 1.248 with targets @ 1.257 & 1.261 in extension.
Alternative scenario: Below 1.248 look for further downside with 1.2435 & 1.24 as targets.
Comment: the pair should pull back on its support ahead of a rebound.
Pivot: 1.248
My preference: Long positions above 1.248 with targets @ 1.257 & 1.261 in extension.
Alternative scenario: Below 1.248 look for further downside with 1.2435 & 1.24 as targets.
Comment: the pair should pull back on its support ahead of a rebound.
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