Date : 10th October 2014

EURUSD TRADING LOWER IN THE EUROPEAN SESSION. DAY 1 OF THE IMF MEETINGS ON FOCUS.

EURUSD dropped yesterday and closed at 1.2689. The German Trade Balance dropped to a level of 17.5B in August. During his speech at the Brookings Institution in Washington DC the President of the European Central Bank Mario Draghi stated that he expects the bank lending in the Eurozone to pick up in the early 2015 and also assured that ECB will boost the inflation from its current low levels. He also mentioned that ECB is ready to take any additional measures if needed. The IMF Managing Director Christine Lagarde raised her concerns over the Eurozone possibly falling back into recession unless the central bank and all countries in the Euro area don’t step up and take measures to prevent it.

Data from the United States indicated that the Unemployment Claims during the last week dropped to a level of 287K. The President of the United States Federal Reserve in San Francisco John Williams indicated that the Fed would likely raise its interest rates in the middle of 2015.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785.

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 : 14th October 2014

EURUSD TRADING LOWER AFTER THE WORSE THAN EXPECTED GERMAN ZEW ECONOMIC SENTIMENT REPORT.

EURUSD rose yesterday and closed at 1.2749. Data from Germany indicated that the Wholesale Price Index rose 0.1 percent in September. The ECB Executive Board Member Peter Praet opined that there is no deflation risk in the Eurozone at present, but any shock to the economy could move the currency union towards deflation.

Data from Germany released today indicated that the German ZEW Economic Sentiment dropped sharply in October to a reading of -3.6 from a reading of 6.9 during the previous month. The Industrial Production in the Eurozone also recorded a drop on a monthly basis to a reading of -1.8 percent in August.

Investors are now focused on the outcome of the ECOFIN Meetings taking place today in Brussels.

Support for the EURUSD is seen at 1.2610 and resistance is seen at 1.2785.

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 : 16th October 2014

EURUSD ROSE SHARPLY AFTER POOR ECONOMIC DATA FROM THE UNITED STATES.

EURUSD rose yesterday and closed at 1.2837. The Consumer Price Index in Germany rose 0.8 percent on an annual basis in September in line with the market expectations. Data from the United States revealed that the Retail Sales in the largest economy in the world dropped to a reading of -0.3 percent in September. The Producer Price Index in the US also registered a drop coming at -0.1 percent in September. Additionally the Empire State Manufacturing Index dropped sharply in October to a level of 6.2 from a 27.5 registered during the previous month.

The Final CPI data released from the Eurozone came out in line with the market expectations at 0.3 percent.

Investors are now looking forward for the series of high impact releases due from the United States including the Unemployment Claims, the Industrial Production month over month and the Philly Fed Manufacturing Index.

Support for the EURUSD is seen at 1.2726 and resistance is seen at 1.2841.

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 : 22nd October 2014

EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. CPI DATA FROM THE UNITED STATES ON FOCUS.

EURUSD dropped yesterday and closed at 1.2715. Reports from different sources emerged that the European Central Bank is planning to expand its asset purchase program by doing corporate debt purchases. Data from the United States indicated that the Existing Home Sales from the United States in the largest economy of the world rose 2.4 percent on a monthly basis in September.

Investors are now looking forward for the Consumer Price Index and the Core Consumer Prices index month over month reports due from the United States later today.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785.

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 : 24th October 2014

EURUSD TRADING IN TIGHT RANGE IN THE EUROPEAN SESSION. US NEW HOME SALES ON FOCUS IN THE AFTERNOON.

EURUSD traded sideways yesterday and closed at 1.2646. Data released from the Eurozone revealed that the Flash Manufacturing Purchasing Managers Index rose to 50.7 in October. The Flash Services PMI also registered a rise coming at a reading of 52.4 in October. Data from the Germany revealed that the manufacturing activity in the largest economy of the Eurozone returned to expansion with the Flash Manufacturing PMI coming at a reading of 51.8 in October.

Data from the United States indicated that the Unemployment Claims rose to a reading of 283K during the last week. The Flash Manufacturing PMI in the largest economy in the world dropped slightly in October coming at a reading of 56.2. On the other hand the House Price Index rose 0.5 percent on a monthly basis in August.

Investors are now looking forward for the New Home Sales report due later today from United States.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2733.

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 : 28th October 2014

EURUSD TRADING NEAR THE 1.2700 LEVEL IN THE EUROPEAN SESSION. DATA FROM THE UNITED STATES DOMINATES THE ECONOMIC CALENDAR TODAY.

URUSD rose yesterday and closed at 1.2967. The European Central Bank reported that during the last week purchased 1.7 billion Euro worth of covered bonds. Data from Germany indicated that the German IFO Business Climate dropped to a level of 103.2 in October. The data from the United States followed the negative tone with the Pending Home Sales increasing less than the market expectations with a rise of 0.3 percent in September. The Flash Services PMI in the largest economy in the world also dropped to a level of 57.3 in October.

Investors are now looking forward for the Core Durable Goods Orders and the CB Consumer Confidence releases due from the United States later today.

Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2713.

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 : 30th October 2014

EURUSD DROPPED SHARPLY AFTER THE FOMC STATEMENT. SERIES OF HIGH IMPACT US RELEASES ON TAP TODAY.

EURUSD dropped yesterday and closed at 1.2635. During its monthly monetary policy meeting the United States Federal Reserve agreed to end its asset-purchase program. Fed kept its benchmark interest rate unchanged at 0.25 percent, but stated that if the US economy improves faster than expected the first rate hike might come sooner than expected.

The European Central Bank revealed in its quarterly bank lending survey that the banks in the Eurozone had eased the loan standards to the private sector in the 3rd quarter of 2014.

Investors are now looking forward for the Advance GDP data, the Unemployment Claims and the speech of the Fed Chair Janet Yellen due from the United States later today.

Support for the EURUSD is seen at 1.2565 and resistance is seen at 1.2667.

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 : 4th November 2014

EURUSD CONSOLIDATES IN THE EUROPEAN SESSION. US TRADE BALANCE DATA ON TAP.

EURUSD dropped yesterday and closed at 1.2481. The Final Manufacturing PMI in the Eurozone came out at a reading of 50.6 in October. The European Central Bank Governing Council Member Ewald Nowotny stated in an interview for a newspaper that the ECB needs to be cautious about buying government bonds from the European countries.

Data from the United States supported the US dollar strength. The ISM Manufacturing PMI rose to a level of 59.0 in October. On the other hand the Construction Spending dropped to a reading of -0.4 percent in September. The ISM Manufacturing Prices also registered a drop coming at a reading of 53.5 in September.

Investors are now looking forward for the US Trade Balance data.

Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.

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 : 6th November 2014

EURUSD TRADING HIGHER AHEAD OF THE ECB MINIMUM BID RATE DECISION AND PRESS CONFERENCE.

EURUSD dropped yesterday and closed at 1.2485. The Retail Sales in the Eurozone dropped to a reading of -1.3 percent on a monthly basis in September. The Final Services in the EU slowed down to a level of 52.3 in October.

In the United States the Republicans gained control over the US senate for a first time since 2006 during the midterm 2014 elections.

In the economic news the US ISM Non-Manufacturing PMI dropped to a level of 57.1 in October. On the other hand the ADP Non-Farm Employment Change came out better than the market expectations at a reading of 230K in October.

Investors are now looking forward for the ECB Minimum Bid Rate Decision and the ECB Press Conference due from the Europe and the Unemployment Claims report due from the United States. Depending on the outcome of the releases we might witness high volatility on the market and investors should be fully aware of that.

Support for the EURUSD is seen at 1.2459 and resistance is seen at 1.2585.

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 : 10th November 2014

EURUSD TRADING HIGHER IN THE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR TODAY.

EURUSD rose on Friday and closed at 1.2454. The Non-Farm Payrolls in the United States rose less than the market expectations to a level of 214K in October. Market had expected an increase of 235K. On the other hand the Unemployment Rate in the largest economy in the world dropped to a level of 5.8 percent in October reaching its lowest level since 2008. The Average Hourly Earnings in the US recorded a gain of 0.1 percent on a monthly basis in October. The Fed Chair Janet Yellen pointed towards the weak government support across the globe as a reason for the global economic slowdown.

The President of the United States Federal Reserve in Chicago Charles Evans urged the US central bank to remain patient while increasing the interest rates. He also opined that the US economy will grow 3 percent in the next 18 months, but remained skeptical for the inflation to reach the 2 percent target soon.

Support for the EURUSD is seen at 1.2368 and resistance is seen at 1.2526.

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 : 17th November 2014

EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS LATER TODAY.

EURUSD rose on Friday and closed at 1.2523. The Gross Domestic Product in the Eurozone rose 0.2 percent in the 3rd quarter of 2014. The ECB Executive Board Member Benoit Coeure stated that fiscal policy should be used together with the monetary policies to spur the growth in the Euro are, cause the monetary policies alone cannot do the job.

Data from the United States showed that the Retail Sales in the largest economy in the world rose more than expected on a monthly basis registering a 0.3 percent rise in October. The Preliminary University of Michigan Consumer Sentiment recorded its highest reading since July 2007 coming at 89.4 in November. The Business Inventories in the United States also recorded a gain of 0.3 percent in line with the market expectations in September. On Friday the President of the United States Federal Reserve in St Louis, James Bullard hinted that the FOMC would raise the key interest rates in 2015 and it would depend on macroeconomic data.

In the mean time EURUSD continues to print new session lows in the European session. Investors are looking forward for the speech of the President of the European Central Bank Mario Draghi on Monetary Policy before the Committee on Economic and Monetary Affairsin Brussels.

Support for the EURUSD is seen at 1.2404 and resistance is seen at 1.2568.

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 : 19th November 2014

LOW VOLATILITY ON EURUSD AHEAD OF THE US BUILDING PERMITS DATA. FOMC MEETING MINUTES ON TAP TODAY.

EURUSD rose yesterday and closed at 1.2536. The German ZEW Economic Sentiment rose to a level of 11.5 in November registering its first rise since December 2014. The ECB Governing Council Member Klass Knot mentioned that the ECB is ready to use additional QE measures if needed including government bonds.

Data from the United States indicated that the NAHB Housing Market Index surprisingly rose to a reading of 58.0 in November. The Producer Price Index also rose registering a rise of 0.2 percent on a monthly basis in October.

Investors are now looking forward for the Building Permits and Housing Starts reports due from the United States in the afternoon. The FOMC Meeting Minutes are the top fundamental event scheduled on the Economic Calendar for the day ahead. Investors should be fully aware that during the time of the release there might be high volatility on the market.

Support for the EURUSD is seen at 1.2444 and resistance is seen at 1.2547.

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.