- Thursday, 14 January 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 15 January
There were no major data releases from Eurozone yesterday. The index of selling prices in German wholesale trade was down 1.2% on an annual average in 2015 from the preceding year, as reported by the Federal Statistical Office (Destatis). Compared with December 2014, the index decreased by 1.0% in December 2015. In November 2015 the annual rate of change was –1.1% and in October 2015 it was –1.6%, respectively. Compared with November 2015 the index of wholesale prices fell by 0.8% in December 2015. Separate report, showed that in November 2015 the seasonally adjusted Italian industrial production index decreased by 0.5% compared with the previous month. Read more...
- Thursday, 14 January 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 15 January
Euro was initially pushed higher in the course of the yesterday's session, but found area around 1.0940 to be resistive once again and pulled back by the end of the session, thus forming a shooting star which indicates that there is a bearish pressure in the pair. As for tomorrow, trading will depend on US figures. Weaker than expected figures would push pair back above 1.09 handle, with resistances above 1.0940 and 1.0980 level, while better than forecasted data would push pair back to support at 1.08 handle.
Read more...- Thursday, 14 January 2016
- News
Euro higher in an uneventful European part of the session
- Wednesday, 13 January 2016
- Daily Fundamental Analysis
EUR/USD Daily Forecast – 14 January
From Eurozone, yesterday, Industrial Production data was released. In November 2015 compared with October 2015, seasonally adjusted industrial production fell by 0.7% in the euro area (EA19) and by 0.6% in the EU28, according to estimates from Eurostat. Analysts were forecasting 0.2% decrease. The decrease of 0.7% in industrial production in the euro area in November 2015, compared with October 2015, is due to production of energy falling by 4.3%, capital goods by 1.9% and durable consumer goods by 1.0%, while production of non-durable consumer goods rose by 0.1% and intermediate goods by 0.7%.
In the US session Crude Oil Inventories figures were published. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.2 million barrels from the previous week. Analysts were anticipating increase by 1.9 billion barrels. At 482.6 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years. Total motor gasoline inventories increased by 8.4 million barrels last week, and are above the upper limit of the average range.
There will be no major data releases from Eurozone tomorrow, so we can expect steadier morning part of the session. In the US session Unemployment Claims figures are scheduled for a release. Analysts are anticipating decrease to 275,000.
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