The pair has traded in a narrow rang throughout the day, with eurozone CPI or US docket unable to give a short-term direction to the pair.
The euro is on track to close its 7th consecutive week with losses versus the dollar and the second month in a row.
In fact, both the personal spending and the income in the united states disappointed expectations in July contracting 0.1% and gaining 0.2%, respectively.
Consumer prices measured by the personal consumption expenditure (PCE) the fed’s favorite gauge , remained unchanged at 1.6% on a year to july , while core PCE rose 1.5% vs. 1.6% previous.
The Eur is closing another dreadful week, trading in levels last seen in early September 2013 ahead of the key ECB meeting due next week.
Posted from WordPress for Android
Hi All 🙂
Tomorrow the 27th of Aug. 2014, we have some important news but all of them are medium or low as we see below :
and for more information you can visit :www.fxstreet.com
So, I am not expecting any violate moves in the market but who knows how it is gonna be when the sun rise 🙂
Fed Chair Yellen’s main said : that the Fed was closer to achieving its policy objectives. Also she Add that the interest rate hikes could be coming sooner than market participants currently expect, especially if the labor market begins to progress faster. Overall, this provoked an updraft in both stock prices and US yields, lifting the US Dollar. And the dollar reached an 11-month high against the euro.
“The market reaction has been positive for the dollar,” Brian Daingerfield, currency strategist at Royal Bank of Scotland Group Plc’s RBS Securities unit in Stamford, Connecticut, said in a phone interview. “We’re very used to Chair Yellen’s view of the labor market being generally considered on the dovish side. Today’s commentary was neighter particularly hawkish or dovish.” The U.S. dollar gained 0.3 percent to $1.3245 per euro at 3:10 p.m. in New York, after appreciating to $1.3221, the strongest level since Sept. 9. The greenback added 0.1 percent to 103.90 yen after advancing to 104.18, the highest since Jan. 23. The euro fell 0.2 percent to 137.65 yen. The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, increased 0.1 percent to 1,028.46, touching the highest level since Feb. 4. The measure is up 0.9 percent this week and 1 percent this year.
Also, regarding the EUR/USD is up a tad on the release of Draghi’s speech. However, there wasn’t a great deal in his comments although something to take note from was that the expected diverging policy paths in US and euro zone should sustain exchange rate trend. Jacqui Douglas, Senior Global Strategist at TD Securities explained that they do like EUR/USD lower from a medium-term perspective, and she see’s downside risks to the IFO data on Monday, which will likely help to reinforce worries about Eurozone growth. So we would look at any bounce higher as a good opportunity to sell EUR for those who missed today’s initial leg lower, before what are likely to be new 2014 lows for the currency, with a break below 1.3220/30 triggering the next leg down to 1.30.
As we know that the market is a big ocean, That is why you need to now the derivative strategy, where you do not actually to own the underlying asset you bet on.
Rather, spread bettors simply speculate on whether the asset’s price will rise or fall using the prices offered to them by a broker.
And, The keys for successful spread betting will be giving to YOU, for FREE by professional private financial trader with more than 22 years’ experience working in competitive, results-driven, performance environments, Mr. Paul Wallace.
Mr. Paul Wallace.
Since the company of ActivTrades offering that opportunity for everyone, And by Registering yourself to that FREE webinar now, You will be able to learn the best from the best and did not miss any chance in the market.
Hurry up and do it.
See you there.
After the talk up of Mr. Carney hinted interest rates may rise sooner than markets expect in his interview with the Sunday Times over the weekend, also he said : the economy is “much more than halfway” to full economic recovery and argued interest rates may have to rise before wages, seemingly contradicting rhetoric released in the quarterly Inflation Report just last week. – See more at: http://www.forexnews.com/blog/2014/08/19/british-pound-gains-carney-talks-interest-rate-hike-timeline/#sthash.Je7jo9KT.dpuf
That causes a raised in the British pound up to 0.3 percent on average against its leading counterparts, and yesterday opened the GBP/USD the day with 1.6690 and raised to 1.6734.
But for today the pound shows a weakness against the major currencies and may fall on soft CPI data as the fxstreet.com report and they added : UK CPI figures headline the economic in European hours. Consensus forecasts suggest the headline year-on-year inflation rate will slow to 1.8 percent in July, marking a slowdown from the 1.9 percent print recorded in the prior month. UK price-growth data has tended to underperform relative to analysts’ expectations since the beginning of the year, opening the door for a downside surprise. Such an outcome is likely to weigh on BOE rate hike speculation, pushing the British Pound lower. Follow-through may be limited however. Sterling has been fallen for six consecutive weeks alongside front-end bond yields, suggesting markets have been trimming tightening bets for some time now. Such one-sided price action warns that big-splash volatility risk may be asymmetrically tilting to the upside in the near term.
And the expected levels for the GBP/USD for today as bellow:
Today’s central pivot point can be found at 1.6680, with support below at 1.6661, 1.6637 and 1.6618 with resistance above at 1.6704, 1.6723, and 1.6747. Hourly RSI is bullish at 53, while hourly Moving Averages are largely bearish, with the 200SMA bearish at 1.6793, and the daily 20EMA bearish at 1.6869.
For more information visit :www.fxstreet.com
Question : would got your annual vacation or you are not yet ?
Question: Did you have plan for it and ready for everything or not ?
Those are the daily questions that most of the people that i know that keep on asking me and few people how is asking about my trades and the foreign exchange market news.
That is why i started my researches to find out the best way to enjoy it with my family and to help the others to make the best plan for their vacations.
So, i want to share with you my happy followers what i found in one of the ideas that i liked, and it was from bizymoms.com, and they said :Ideas for Summer Vacation Plan Summer is the best time of the year for most of us and we all know why. Everyone anticipates a season of fun, outdoors and sun. All of these things together lift up spirits in all of us which in turn help us to enjoy this season to the full. So, in this great season, the word ‘vacation’ is the ideal. To experience a vacation that is unique and enjoyable you need to plan well ahead. The following paragraphs will provide a wealth of information on getting the perfect summer vacation. Think Beyond! First and foremost, this is important. Don’t follow the logical and easy choice of referring to online agencies to book a summer vacation. Go beyond and give a shot at booking a package through an airline, for example. These days, airlines and hotels are now selling themselves through the web. For example, airlines offer vacation packager services. In this they provide customers with vacations in places like Las Vegas in casinos at discounted rates. Also, now through Marriot you will be able to book a flight car and rooms. The downside of this is that you are at a lack of options. If you book the vacation package through an airline, you will have to stick to the package strictly. Similarly, if you book through a hotel package, you will only be able to stay at their properties. You can nullify the downside if you can make sure that it makes you a major saving economically. Travel As usual, airfares increase during the summer months by at least 10 percent. You can avoid this by booking your ticket at least two months in advance. And this will save you from paying double as well. Though the airlines will be expensive, there are always discount airlines. They are continuing to expand their routes and destinations which will mean that you might have good break in your traveling arrangements to your summer destination. Discounts Hotel rates are also a cost that is likely to increase by at least 6 percent during the holiday times in summer, so it will be advisable for you to consider a vacation rental if you’re staying more than two or three days. In a vacation rental, you can get an entire house. And the discounts may even be better. Make sure you ask about a discount if you’re staying more than seven nights. If it’s in the high season for that area, you can probably get a 5 to 10 percent discount. If you’re in the low season, you may be able to get 15 to 20 percent off your price. You may be able to barter your talents for a discount too. For example, if you’re a photographer or a writer, you might offer to take photos or write a description of the vacation rental. If you tell the rental owner that you’ll provide referrals to your friends, he/she may also give you a small break in your tab. Cruises If you like the endless seas adventure, this is perfect for you. Summer months will be perfect for the cruise plan of yours, since present cruise discounters, cruise-only booking sites, booking sites and last-minute web sites are all fighting for your cruising dollars. And since cruise lines are all about loyalty and customer service, you’ll probably have more leverage if you’re dissatisfied. Visit these sites and get a great deal suited for you and your family.
I wish every body a happy and save summer vacation.