Euro zone industrial orders rise in June.

ndustrial orders in the 16-nation euro zone rose 3.1 percent in June from the quarter before, official data showed today, and that could be a signal that the manufacturing sector could be emerging from recession.

Industrial New Orders expected for EUR today.

The first indicator for the Euro zone this week has a history of disappointing releases: it hasn’t risen for almost a year. Manufacturers increase their activity according to growing demand. Hopes are high again - for a rise of 1.7%. Data will be released today at 9:00 GMT.

Comment:
Position EUR/USD bought at 1.4296 at 9:01 GMT and sold at level 1.4302 at 9:13 GMT (profit of 6 pips)

PMI's for EUR to be released today.

European Purchasing Managers’ Indices are spread over a full hour on Friday morning. All the figures are expected to continue rising very slowly, but none are expected to reach the 50 point mark, which is the border between contraction and expansion.

The Existing Home Sales data in America will be released today and the forecast is positive and that may uptrend the USD vs. EUR

Retail Sales for GBP will be released today.

The data is released today at 8:30 GMT and is expected to rise only by 0.4%. Last month, British Retail Sales surprised by jumping by 1.2%. In the month before, it disappointed and fell. So, the outcome can vary, and so will the impact on GBP.

Trade Balance data for CHF to be released today.

The Trade Balance data will be released today at 6:15 GMT. The forecast looks positive for the CHF and we may see some uptrend movement right after the announcement.


Comment:
Position EUR/CHF sold at 6:35 GMT at level 1.5183 and position bought at 7:04 GMT at 1.5170 (profit of 13 pips)

German PPI and Current Account could downtrend the EUR today.

Europe’s largest economy releases its Producer Price Index (PPI) today at 6:00 GMT. German PPI is predicted to fall by 0.1%, exactly like last month. The currency pair EUR/USD could go down to a level of 1.3950

The current account will be released today at 8:00 GMT and it looks also to be negative for the European currency since the forecast indicates a deficit grow to about 1.7 billion.

Comment:
EUR/USD position bought at 1.4110 at 5:55 GMT and position sold at 1.4090 at 6:60 GMT (profit of 20 pips)

German ZEW Economic Sentiment may be positive for EUR

The German ZEW Economic Sentiment data will be announced today at 9:00 am GMT. The forecast is 45.2 which indicates optimism. If the currency pair EUR/USD go over 1.4150 that could will take price back to 1.4200-1.4230 area.

Current price of EUR/USD 1.4127

The British Consumer Price Index data (CPI) will be released today.

The data will be released at 8:20 am GMT. Current price of GBP/USD at 6:51 am GMT is 1.6383.

It looks quite possible after the data is released the deeper decline to continue and target would be at 1.6000 zone.

Gross Domestic Product (GDP) may be positve for JPY

The Gross Domestic Product (GDP) for the Yen will be published on Sunday August 16th at 11:50 pm GMT.

It's the broadest measure of economic activity and the primary gauge of the economy's health. The forecast looks positive with 1.1% after the last GDP report on May 19 when the JPY went bearish after the data was released.

Deeper decline is in favor for EUR

Deeper decline is in favor and next target would be at 1.3900 or even lower. Near term resistance is at 1.4125, as long a this level holds, downtrend will continue.

Net Lending to Individuals data will be released today

The Net Lending to Individuals data is expected to be positive and push up the GBP today. The data will be released at 8:30 am GMT. The forecast is 1.0B which indicates a rising debt level and it is a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money.

Current price of GBP/USD 1.6445 and a rally up to a level of 1.6500 could be seen after the data is released.

CBI Realized Sales data will be released today

CBI Realized Sales data will be released today at 11:00 am GMT. It's a leading indicator of consumer spending because retailer and wholesaler sales are directly influenced by consumer buying levels. The expetations are negative and it may downtrend the GBP short after the data is released.

Sales of new homes rise and uptrend the USD

Sales of new homes in the U.S. in June rose by the biggest amount since November 2008, climbing by 11% to a seasonally adjusted annual rate of 384,000, the Commerce Department reported today.

The data was released at 2:00 pm GMT when the price of EUR/USD was trading at the price of about 1.4260. Short after the announcement the USD gained profit and the currency pair EUR/USD downtrend to the price of 1.4420 at 2:45 pm GMT. (profit of 40 pips)

Possible break to 1.4280 for EUR

The current price of EUR/USD is: 1.4226. The GfK German Consumer Climate data will be released today at 6:00 am GMT and the expectations are positive and the EUR will most likely test to reach a level of 1.4280

Comment:
Position EUR/USD bought at the price of 1.4230 at 4:40 am GMT and position sold at level 1.4285 at 11:10 am GMT (profit of 55 pips)

New Home Sales data could uptrend the USD

The new home sales data will be announced today at 2:00 pm GMT. It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect.