HFM

Date : 24th October 2014 EURUSD TRADING IN TIGHT RANGE IN THE EUROPEAN SESSION. US NEW HOME SALES ON FOCUS IN THE AFTERNOON. EURUSD traded sideways yesterday and closed at 1.2646. Data released from the Eurozone revealed that the Flash Manufacturing Purchasing Managers Index rose to 50.7 in October. The Flash Services PMI also registered a rise coming at a reading of 52.4 in October. Data from the Germany revealed that the manufacturing activity in the largest economy of the Eurozone returned to expansion with the Flash Manufacturing PMI coming at a reading of 51.8 in October. Data from the United States indicated that the Unemployment Claims rose to a reading of 283K during the last week. The Flash Manufacturing PMI in the largest economy in the world dropped slightly in October coming at a reading of 56.2. On the other hand the House Price Index rose 0.5 percent on a monthly basis in August. Investors are now looking forward for the New Home Sales report due later today from United States. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2733. 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.

Date : 23rd October 2014 EURUSD IS TRYING TO RESUME THE DOWNTREND. US UNEMPLOYMENT CLAIMS ON FOCUS TODAY. EURUSD dropped yesterday and closed at 1.2644. The United States dollar gained ground against its European counterpart after data released from the US revealed that the Consumer Price Index in the largest economy of the world unexpectedly rose 0.1 percent in September. The Crude Oil Inventories in the US remained at 0.1 percent. The Crude Oil Inventories in the US came out at 7.1M during the last week. Data released today showed that the German Flash Manufacturing PMI rose to 51.8 in October. Investors are now looking forward for the Unemployment Claims report due from the United States later today. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785. 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.

Date : 22nd October 2014 EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. CPI DATA FROM THE UNITED STATES ON FOCUS. EURUSD dropped yesterday and closed at 1.2715. Reports from different sources emerged that the European Central Bank is planning to expand its asset purchase program by doing corporate debt purchases. Data from the United States indicated that the Existing Home Sales from the United States in the largest economy of the world rose 2.4 percent on a monthly basis in September. Investors are now looking forward for the Consumer Price Index and the Core Consumer Prices index month over month reports due from the United States later today. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785. 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.

Date : 20th October 2014 EURUSD ROSE SHARPLY AFTER POOR ECONOMIC DATA FROM THE UNITED STATES. EURUSD dropped on Friday and closed at 1.2757. The Governing Council Member of the European Central Bank Ewald Nowotny that the economic growth outlook of the Eurozone may be slashed for 2015 from its 1.6 percent level. The ECB Vice President Vitor Constancio warned that any further drop in the inflation in the Euro area could be extremely harmful. Data from the United States supported the US dollar at the end of the week. The University of Michigan reported that the consumer sentiment in the states rose to a reading of 86.4. The Housing Starts in the US also rose to 6.3 percent on a monthly basis in September. The Fed Chair Janet Yellen cautioned that the growing economic inequality in the US, posed a risk to the nation’s economic growth. Data released today indicated that the German Producer Price Index remained at 0.0 percent on a monthly basis in September. Another report revealed that the Current Account in the Eurozone dropped to 18.9B in August. Support for the EURUSD is seen at 1.2726 and resistance is seen at 1.2841. 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.

Date : 15th October 2014 EURUSD IS TRADING NEAR THE LOWS IN THE EUROPEAN SESSION. US RETAIL SALES AND PPI DATA ON TAP. EURUSD dropped yesterday and closed at 1.2657. The German ZEW Economic Sentiment dropped for a 10th consecutive month to a reading of -3.6 in October. The ZEW Economic Sentiment of the Eurozone also registered a drop to a level of 4.1 in October. The European Union finance ministers finished a two day meeting in Brussels yesterday and urged for more investments to improve the struggling economies of the EU. They also agreed to crack down the tax evasion in the Eurozone by 2017 (2018 for Austria). Data released from the United States revealed that the NFIB Small Business Index dropped to a level of 95.3 in September. A report released today showed that the German Final CPI remained at 0.0 percent in September. Investors are now looking forward for the Core Retail Sales month over month, the Retail Sales month over month and the Producer Price Index month over month releases due from the United States. Later on the President of the European Central Bank Mario Draghi speaks at the grand opening of the European Cultural Days 2014 organized by the European Central Bank in Frankfurt. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2749. 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.

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Date : 14th October 2014 EURUSD TRADING LOWER AFTER THE WORSE THAN EXPECTED GERMAN ZEW ECONOMIC SENTIMENT REPORT. EURUSD rose yesterday and closed at 1.2749. Data from Germany indicated that the Wholesale Price Index rose 0.1 percent in September. The ECB Executive Board Member Peter Praet opined that there is no deflation risk in the Eurozone at present, but any shock to the economy could move the currency union towards deflation. Data from Germany released today indicated that the German ZEW Economic Sentiment dropped sharply in October to a reading of -3.6 from a reading of 6.9 during the previous month. The Industrial Production in the Eurozone also recorded a drop on a monthly basis to a reading of -1.8 percent in August. Investors are now focused on the outcome of the ECOFIN Meetings taking place today in Brussels. Support for the EURUSD is seen at 1.2610 and resistance is seen at 1.2785. 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.

Date : 13th October 2014 EURUSD PUSHED HIGHER IN THE ASIAN SESSION. US BANKS WILL BE CLOSED TODAY DUE TO THE OBSERVANCE OF COLUMBUS DAY. EURUSD dropped on Friday and closed at 1.2628. The ECB Governing Council member Peter Praet stated that the economy in the Eurozone would post a modest recovery in the 3rd quarter of 2014. Data from the United States indicated that the export prices dropped 0.2 percent on a monthly basis in September. The President of the United States Federal Reserve in Kansas Esther George indicated that Fed would most likely raise its interest rates next year. During the weekend the President of the European Central Bank Mario Draghi stated that he sees no risk for the government bond markets in the Eurozone. Draghi also stated that ECB is ready to take further steps if needed in order to bring the annual inflation closer to the 2 percent target. The banks in the United States will be closed today due to the observance of Columbus Day. Support for the EURUSD is seen at 1.2610 and resistance is seen at 1.2785. 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.

Date : 10th October 2014 EURUSD TRADING LOWER IN THE EUROPEAN SESSION. DAY 1 OF THE IMF MEETINGS ON FOCUS. EURUSD dropped yesterday and closed at 1.2689. The German Trade Balance dropped to a level of 17.5B in August. During his speech at the Brookings Institution in Washington DC the President of the European Central Bank Mario Draghi stated that he expects the bank lending in the Eurozone to pick up in the early 2015 and also assured that ECB will boost the inflation from its current low levels. He also mentioned that ECB is ready to take any additional measures if needed. The IMF Managing Director Christine Lagarde raised her concerns over the Eurozone possibly falling back into recession unless the central bank and all countries in the Euro area don’t step up and take measures to prevent it. Data from the United States indicated that the Unemployment Claims during the last week dropped to a level of 287K. The President of the United States Federal Reserve in San Francisco John Williams indicated that the Fed would likely raise its interest rates in the middle of 2015. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785.. 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 ADDS EURNOK TO ITS CURRENCY PAIRS LIST HotForex is pleased to announce the addition of one new offering to our wide range of currency pairs. As a HotForex client, you will now have the opportunity to trade the EURNOK pair. The pair will be available on all account types with the exception of FIX accounts. With the addition of EURNOK pair, HotForex now offers traders access to 47 currency pairs. For a full list of currency pairs offered and their specifications please follow the link. If you have any questions please do not hesitate to contact our dedicated customer support team via myHotForex, live chat, or by telephone on +44 2033185978.

Date : 9th October 2014 EURUSD PRINTED NEW HIGHS IN THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS TODAY. EURUSD rose yesterday and closed at 1.2732. The German Bundesbank President Jens Weidmann criticized the plans of ECB to buy private sector bonds. On the other hand the ECB Vice President Vitor Constancio spoke in favor of the recent measures taken by the central bank in order to battle with the low inflation in the Euro area. The FOMC Meeting Minutes revealed that the Fed is planning to end its QE program after the end of this month and keep the interest rates low for a considerable period of time. Furthermore some policy members added their concerns about the strong dollar which may hurt the US exports if it continues to strengthen further. Investors are looking forward for the speech of the President of the European Central Bank Mario Draghi at the Brookings Institution in Washington DC and the Unemployment Claims data due earlier. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785. 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.

Date : 8th October 2014 EURUSD TRADING HIGHER IN THE LATE EUROPEAN SESSION. INVESTORS ARE AWAITING THE FOMC MEETING MINUTES. EURUSD rose yesterday and closed at 1.2668. The German Industrial Production came out at a reading of -4.0 percent on a monthly basis in August. The European Central Bank Governing Council Member Klaas Knot stated that the central bank will continue with its current accommodative policy, because the inflation in the Eurozone is still very low. Data from the United States showed that the JOLTS Job Openings rose to a level of 4.84M in August. During his speech yesterday the President of the United States Federal Reserve in New York William Dudley expressed his upbeat view of the US economy and added that Fed might raise the interest rates in the middle of 2015. Investors are now looking forward for the FOMC Meeting Minutes due later today. Support for the EURUSD is seen at 1.2584 and resistance is seen at 1.2680. 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.

Date : 7th October 2014 EURUSD TRADING LOWER AFTER THE SHARP DROP OF THE GERMAN INDUSTRIAL PRODUCTION IN AUGUST. EURUSD rose yesterday and closed at 1.2654. The Sentix Investor Confidence in the Eurozone dropped to a new low of -13.7 in September. The German Factory Orders dropped sharply to -5.7 percent in August. In the United States the President of the Federal Reserve in Kansas City Esther George opined that the central bank should raise the short-term interest rates. According to her there is a noticeable improvement of the US economy. Data released earlier today indicated that the German Industrial Production dropped sharply in August. The release showed a reading of -4.0 percent against the market expectations of a -1.4 percent drop. Following the negative release the single European currency lost ground against its US counterpart and its currently trading below the 1.2600 level. Investors are looking forward for the FOMC Meeting Minutes due tomorrow. Support for the EURUSD is seen at 1.2508 and resistance is seen at 1.2654. 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.

Date : 2nd October 2014 EURUSD TRADING HIGHER DURING THE ECB PRESS CONFERENCE. ECB LEFT THE MINIMUM BID RATE AT 0.05 PERCENT. EURUSD dropped yesterday and closed at 1.2621. Data released from the Eurozone revealed that the Final Manufacturing PMI in the currency union remained stable in September coming at a reading of 50.3. The ADP Non-Farm Employment Change came out better than expected showing an increase of 213K jobs in September. On the other hand the ISM Manufacturing PMI was a little bit disappointing coming worse than expected at a reading of 56.6 in September. Data released today indicated that the Unemployment Claims in the largest economy in the world were less than expected during the last week coming at a reading of 287K. Market had expected a rise to 299K. The ECB Press Conference is taking place at the moment and the pair is trading higher following the comments from the ECB President Mario Draghi. Support for the EURUSD is seen at 1.2587 and resistance is seen at 1.2668. 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.

Date : 1st October 2014 EURUSD TRADING NEAR THE 1.2600 LEVEL IN THE EUROPEAN SESSION. US ADP NON-FARM EMPLOYMENT CHANGE ON FOCUS. EURUSD dropped yesterday and closed at 1.2630. The CPI Flash Estimate in the Eurozone dropped to a level of 0.3 percent on an annual basis in September. The Unemployment Rate in the currency union remained stable at 11.5 percent. Data from the United States showed that the CB Consumer Confidence dropped to a reading of 86.0 in September. The Chicago PMI also failed to meet the market expectations coming at a reading of 60.5 in September. Data released today indicated that the Final Manufacturing PMI in the Eurozone dropped to a level of 50.3 in September. Investors are now looking forward for the ADP Non-Farm Employment Change and the ISM Manufacturing PMI releases due from the United States. Support for the EURUSD is seen at 1.2586 and resistance is seen at 1.2716. 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.

Date : 30th September 2014 EURUSD BROKE THE 1.2600 LEVEL AFTER THE CONSUMER PRICE INDEX IN THE EUROZONE DROPPED TO 0.3 PERCENT IN SEPTEMBER. EURUSD rose yesterday and closed at 1.2684. The German Consumer Price Index remained flat in September coming at a reading of 0.0 percent. In Spain the CPI dropped to a reading of -0.2 percent during the same period. Data from the United States revealed that the Pending Home Sales in the largest economy of the world recorded drop of -1.0 percent in August. On the other hand the Personal Spending and the Personal Income in the US rose in line with the market expectations with 0.5 and 0.3 percent accordingly in August. Data released today indicated that the Consumer Price Index in the Eurozone dropped to a level of 0.3 percent on an annual basis in September. The release caused a major sell off on the EURUSD and the pair fell below the 1.2600 level. Another report indicated that the Unemployment Rate in the currency union remained stable in August at 11.5 percent. Investors are now looking forward for the CB Consumer Confidence data due from the United States later today. Support for the EURUSD is seen at 1.2589 and resistance is seen at 1.2713. 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.

Date : 29th September 2014 EURUSD PRINTED NEW LOWS AT THE START OF THE WEEK. LIGHT ECONOMIC CALENDAR FOR THE SESSION AHEAD. EURUSD dropped on Friday and closed at 1.2682. The Gfk Consumer Confidence in Germany dropped for a fifth consecutive month to a reading of 8.3 in October. Data from the United States showed that the Final GDP rose 4.6 percent in the second quarter of 2014. The University of Michigan revised Consumer Sentiment rose to a level of 84.6 in September, market had expected a rise to 85.1. The top fundamental releases of the week will be the Minimum Bid Rate and the ECB Press Conference due from Europe and the US Non-farm Payrolls report. Support for the EURUSD is seen at 1.2667 and resistance is seen at 1.2783. 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.

Date : 26th September 2014 LOW VOLATILITY ON THE MARKET AHEAD OF THE US FINAL GDP REPORT. GERMAN GFK CONSUMER CLIMATE FALLS IN SEPTEMBER. URUSD dropped yesterday and closed at 1.2749. The President of the European Central Bank Mario Draghi stated in his speech that the central bank is ready to use any unconventional measures to prevent a prolonged period of low inflation in the currency union. Data from the United States revealed that the Durable Goods Orders dropped -18.2 percent in August. On the other hand the Core Durable Goods Orders came in line with the market expectations rising 0.7 percent in the same period. The Unemployment Claims report came better, but still closer to the market expectations at a reading of 293K. Investors are now looking forward for the key event of the day – the Final GDP report from the United States for the 2nd quarter of 2014. Depending on the outcome of the release we may witness high volatility on the market and investors should be fully aware of it. Investors are now looking forward for the Unemployment Claims and Durable Goods Orders releases due from the United States. Support for the EURUSD is seen at 1.2714 and resistance is seen at 1.2819. 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.

Date : 25th September 2014 EURUSD TARGETING THE 1.2700 LEVEL AT THE START OF THE EUROPEAN SESSION. EURUSD dropped yesterday and closed at 1.2779. The German Ifo Business Climate continued to fall for a 5th month in a row coming at a reading of 104.7 in September. Data from the United States showed that the New Home Sales rose sharply in August reaching 504K units. The President of the United States Federal Reserve in Chicago Charles Evans stated that the US economy has made a significant progress, but still needs the help of an extended period of time of low interest rates to help the recovery. At the start of the European session the pair printed new low levels and it’s currently targeting the 1.2700 level. Investors are now looking forward for the Unemployment Claims and Durable Goods Orders releases due from the United States. Support for the EURUSD is seen at 1.2728 and resistance is seen at 1.2819. 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.

Date : 24th September 2014 EURUSD TRADING LOWER IN THE LATE EUROPEAN SESSION. GERMAN IFO BUSINESS CLIMATE SLIPS IN SEPTEMBER. EURUSD rose yesterday and closed at 1.2846. The Manufacturing PMI in the largest economy in the Eurozone dropped to a reading of 50.3 in September. On the other hand the Flash Services PMI in Germany rose to a level of 55.4 in September. The Eurozone Manufacturing and Services PMI continued to drop in September. Data from the United States revealed that the Flash Manufacturing PMI remained stable at 57.9 in September. Another report indicated that the Richmond Manufacturing Index increased to a level of 14 in September against the market expectation of a drop to 10. Data released today indicated that the German Ifo Business Climate slipped to a reading of 104.7 in September. Investors are now looking forward for the New Home Sales report due from the United States. Support for the EURUSD is seen at 1.2820 and resistance is seen at 1.2922. 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.

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Date : 23rd September 2014 EURUSD TARGETING THE 1.2900 LEVEL IN THE EUROPEAN SESSION. GERMAN MANUFACTURING SLOWS DOWN IN SEPTEMBER. EURUSD rose yesterday and closed at 1.2848. The Consumer Confidence in the Eurozone fell to a reading of -11 in September marking its lowest reading since February. During his speech the President of the European Central Bank Mario Draghi stated that the economic recovery in the Eurozone is lacking and added that the ECB is ready to take any unconventional measures to improve the inflation and the economic situation in the currency union. The chief economist of the European Central Bank Peter Praet, stated that the ECB is not trying to push the Euro lower to support the fragile economic recovery. Data from the United States indicated that the Existing Home Sales in the largest economy in the world reached 5.05M in August. Market had expected a rise to 5.21M. Support for the EURUSD is seen at 1.2820 and resistance is seen at 1.2922. 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.

Date : 22nd September 2014 QUIET START OF THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS TODAY. EURUSD dropped on Friday and closed at 1.2828. The Producer Price Index in Germany dropped 0.1 percent month over month in August. Data from the United States indicated that the CB Leading Index rose 0.2 percent month over month in August. Market had expected a 0.4 percent rise. The credit ratings agency Fitch Ratings affirmed the AAA rating of the United States and maintained its “stable” outlook for the US economy. Investors are looking ahead for the speech of the President of the European Central Bank Mario Draghi on monetary policy before the European Parliament’s Economic and Monetary Policy Committee in Brussels. Support for the EURUSD is seen at 1.2826 and resistance is seen at 1.2924. 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.

Date : 19th September 2014 EURUSD TRADING LOWER IN THE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR IN THE SESSION AHEAD. EURUSD rose yesterday and closed at 1.2922. The European Central Bank started its Targeted LTRO program with 86.2 billion Euro. Data released from the United States revealed that the Unemployment Claims in the largest economy in the world dropped to 280K during the last week. The Building Permits and Housing Starts in the US fell more than the market expectation in August. The Philly Fed Manufacturing Index also recorded a drop to a reading of 22.5 in September. Market had expected a drop to 22.8 from the previous high of 28.0 reached in August. Data released earlier today indicated that the results on the Scottish Independence Referendum showed a NO vote easing the worries of a potential split between England and Scotland. Support for the EURUSD is seen at 1.2836 and resistance is seen at 1.2924. 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.