Retail Sales in U.S. Jump 2.7%

Sales at U.S. retailers surged in August by the most in three years. The data was released today at 12:30 GMT and it was positive for the USD. It pushed the EUR down from 1.4609 to 1.4585 within 5 minutes. (profit of 24 pips)

EU Economy has grown this quarter.

Europe’s economy probably returned to growth in the current quarter after governments spent billions of euros to pull the region out of the worst recession in more than six decades, the European Union said.

The German ZEW Economic Sentiment will be released on Tuesday at 9:00 GMT and is expected to be positive for the EUR.

Further rise for EUR is still possible.

Current price EUR/USD 1.4578. The Trade Balance and the Unemployment claims statistics for the american currency will be released today and the forecast does not look very positive to push up the USD.

Possible levels of EUR/USD 1.4600-14630 or otherwise if the pair breaks down below 1.4450 next target more likely would be around 1.4400.

Further rally for the EUR is still possible to 1.4550

Current price EUR/USD 1.4488, further rally to 1.4550 is still possible to be seen in a day or two.

Comment:
Position bought at 1.4401 at 7:30 GMT and sold at 1.4514 at 15:05 GMT (profit of 113 pips)

The uptrend for EUR is still in favour.

Current price EUR/USD 1.4337 and watch for further rise close to 1.4400. If the pair break above this level, next target more likely would be 1.4500.

EUR could rise back to 1.4400 today.

Current price EUR/USD 1.4335 and a level of 1.4400 could be seen later on today. The German Factory Orders data will be released today at 10:00 GMT which could also push up the European currency.

EURUSD continues to move sideways. A fall towards 1.4100 could be possible or on the other hand if the currency pair break the level of 1.4400, that may push the EUR to a level of about 1.4500.

Unemployment Claims Data to be relased today.

This is the nation's earliest economic data. It will be released today at 12:30 GMT

ADP Non-Farm Employment Change Could be negative for USD.

Job creation is an important leading indicator of consumer spending. That is a good indicator for the economic activity. The ADP data will be released today at 12:15 GMT.

1.4400 is still in favour for EUR.

Current price EUR/USD 1.4344 and if the there's a break over this level we may see higher levels at about 1.4500 afterwards.

On the other hand, if the currency pair drops below 1.4200, next target could be a level of about 1.4100

1.4400 possible for EUR

It seems the EUR is in uptrend position and possible levels of 1.4400-1.4410 could be reached at some point today.

On the other scenario if the EUR go down below level 1.4200, than a downtrend movement zone 1.4100 zone could be seen.

The Swiss economy is about to move out of recession.

According to the country's leading growth barometer, with the KOF indicator showed a record jump as all major sectors showed signs of improvement, the KOF Swiss Economic Institute announced today. This should be consider positive for the CHF.

EUR/USD back to levels above 1.4320

EUR/USD broke over 1.4300 and currently is trading in between 1.4300 and 1.4340

Comment:
Position bought at 18:10 GMT at 1.4290 and sold at level 1.4335 (profit of 45 pips)

EUR/USD - Strongly bullish

EUR/USD is strongly bullish at 5:00 GMT.

S3	S2	S1	R1	R2	R3
1.4167	1.4202	1.4238	1.4249	1.4285	1.4320

Nationawide HPI could be positive for GBP

Nationwide HPI has surprised for 5 consecutive months, and rose nice for three months in a row. Expectations are positive this time, with a hopeful rise of 0.6% after last month’s 1.3% rise. The data will be released today at 6:00 GMT.

New US home sales up 9.6 percent.

New U.S. home sales surged 9.6 percent in July, rising for the fourth straight month and beating expectations as the housing market marches steadily back from its historic downturn. The Commerce Department said Wednesday that sales rose to a seasonally adjusted annual rate of 433,000 from an upwardly revised June rate of 395,000. That had a positive effect on the American currency.

EUR/USD finds support at 1.4300

EUR/USD was above 1.4350 when the American session started. Below 1.4300 the next support lies at 1.4280.

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.