HFM

Date : 08 July 2014 EURUSD TRADING LOWER AFTER THE SMALL GAINS YESTERDAY. EURUSD rose yesterday and closed at 1.3603. The Sentix Investors Confidence in the Eurozone rose unexpectedly to a reading of 10.1 in July. On the other hand the German Industrial Production dropped 1.8 percent in May. Yesterday the German Finance Minister Wolfgang Schauble stated that the Eurozone needs structural reforms to fuel the growth in the single currency bloc. Investors are looking for the outcome of the ECOFIN Meetings taking place Brussels today. Support for the EURUSD is seen at 1.3580 and resistance is seen at 1.3638. 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 : 07 July 2014 EURUSD HOLDING BELOW THE 1.36 MARK IN THE EUROPEAN SESSION. EUROGROUP MEETINGS ON FOCUS. EURUSD dropped on Friday and closed at 1.3593. The US dollar gained momentum after speculations that Fed will provide clear outlook of the interest rate rise perspective during the FOMC Meeting Minutes. The dollar was also boosted by the IMF Chief Christine Lagarde stated that the economic recovery in the US would eventually gain momentum. The ECB policymaker Christian Noyer stated on Sunday that the governments of the various EU countries are making no attempts to reduce their deficit. He also added that further deflation is avoided for the moment. Data released today indicated that the German Industrial Production dropped -1.8 percent on a monthly basis in May. Support for the EURUSD is seen at 1.3577 and resistance is seen at 1.3664. 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 : 03 July 2014 EURUSD TRADING LOWER AHEAD OF THE ECB MINIMUM BID RATE DECISION. BUSY DAY FOR THE FX MARKETS. EURUSD dropped yesterday and closed at 1.3658. The French Prime Minister Manuel Valls urged the European Central Bank to take additional measures including asset-purchases to depreciate the value of the single European currency. According to him to Euro is still overvalued and the current rate has negative effect on the economy of the EU. The producer prices in the Eurozone dropped for a fifth consecutive month recording another drop in by 0.1 percent May. On the other hand the GDP in the Eurozone came in line with the market expectations at 0.2 percent. Data released from the United States indicated that the ADP Non-Farm Employment Change rose by 281K in June registering its highest level since November 2012. Today is going to be a busy day for the FX Markets with lots of high-impact releases. Investors are looking forward for the Minimum Bid Rate of the European Cental Bank, the ECB Press Conference, The US Trade Balance, Unemployment Clams and Unemployment Level as well as the Non-Farm Payrolls which are going to be released today due to the bank holiday in the United States tomorrow. Banks in the United States will be closed due to the observance of the Independence Day. Support for the EURUSD is seen at 1.3609 and resistance is seen at 1.3696. 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 : 02 July 2014 EURUSD TRADING LOWER AHEAD OF THE EUROZONE’S FINAL GDP REPORT. EURUSD dropped yesterday and closed at 1.3678. Data released from the Eurozone showed that the Final Manufacturing PMI dropped to a 7 month low reading of 51.8 in June. Another report indicated that the number of unemployed people in Germany rose for a second consecutive month. On the other hand the Unemployment Rate in the Eurozone remained stable at 11.6 percent. Market had expected a rise to 11.7 percent. Data from the United States indicated that the ISM Manufacturing PMI dropped to a reading of 55.3 in June. Investors are now looking forward for the final first quarter GDP report of the Eurozone and the ADP Non-Farm Employment Change report due from the United States. Later on the Fed Chair Janet Yellen speaks at the International Monetary Fund in Washington DC. Support for the EURUSD is seen at 1.3609 and resistance is seen at 1.3696. 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 : 01 July 2014 EURUSD UNCHANGED AFTER THE MANUFACTURING PMI AND UNEMPLOYMENT DATA. ISM MANUFACTURING PMI FROM THE UNITED STATES ON FOCUS. EURUSD rose yesterday and closed at 1.3691. The US Pending Home Sales rose to a 4-year high reaching 6.1 percent on a monthly basis in May. On the other hand the Chicago PMI dropped to a reading of 62.6 in June. Data released from the Eurozone showed that the inflation remained unchanged at 0.5 percent in June, remaining below the ECB target for a 9th consecutive month. Data released today indicated that the unemployment level in the Eurozone remained unchanged at 11.6 percent. Another report indicated that the unemployment level in Germany unexpectedly rose by 9K for a second month. Investors are now looking forward for the ISM Manufacturing PMI release due from the United States. Support for the EURUSD is seen at 1.3609 and resistance is seen at 1.3696. 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.