Date : 24th November 2014

EURUSD TRADING HIGHER IN THE EUROPEAN SESSION. GERMAN IFO BUSINESS CLIMATE ROSE IN NOVEMBER.

EURUSD dropped sharply in Monday and closed at 1.2390. The President of the European Central Bank Mario Draghi reiterated his previous statement that the central bank is ready to expand its asset purchases if the low inflation continues to persist in the Euro area.

During the weekend the Vice President of the ECB Vitor Constancio stated that the current low inflation is a cause of big concern, but according to him there is no risk of entering a full deflation spiral.

Data released today indicated that the German Ifo Business Climate rose to a reading of 104.7 in November.

A report from BBG released today says that the Troika team and Greek officials are set to meet tomorrow in Paris.

Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2445.

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 : 26th November 2014

EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. US UNEMPLOYMENT CLAIMS ARE SCHEDULED TO BE RELEASED TODAY DUE TO THE THANKSGIVING DAY IN THE UNITED STATES.

EURUSD rose yesterday and closed at 1.2473. Data released from the Germany yesterday showed that the nation avoided recession after the German Final GDP for the 3rd quarter of the 2014 came out in line with the market expectations recording a rise of 0.1 percent. The Retail Sales in Italy registered a drop on a monthly basis coming at a reading of -0.1 percent in September.

The biggest surprise in the session yesterday was the preliminary GDP data from the United States. The second estimate for the 3rd quarter of 2014 showed an increase of 3.9 percent against the market expectations of a 3.3 percent rise. On the other hand the CB Consumer Confidence in the largest economy in the world dropped to a level of 88.7 in November.

Investors are now looking forward for the Unemployment Claims report from the United States which is scheduled to be released today, because of the Bank Holiday in the US tomorrow. Banks in the United States will be closed due to the observance of the Thanksgiving Day.

Support for the EURUSD is seen at 1.2362 and resistance is seen at 1.2487.

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 : 1st December 2014

EURUSD ATTEMPTING TO BREAK HIGHER IN THE EUROPEAN SESSION. US ISM MANUFACTURING PMI ON TAP IN THE AFTERNOON.

EURUSD dropped on Friday and closed at 1.2450. The Retail Sales in Germany rose 1.9 percent on a monthly basis in October. The Unemployment Rate in the Eurozone remained unchanged in October in line with the market expectations at 11.5 percent.

The ECB Policymaker Jens Weidmann stated that the monetary policy of the central bank cannot spur sustainable growth or create jobs in the economy.

Data released today indicated that the Final Manufacturing PMI in the Eurozone dropped to a level of 50.1 in November.

Investors are now looking forward for the ISM Manufacturing PMI data due from the United States later today.

Support for the EURUSD is seen at 1.2409 and resistance is seen at 1.2488.

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 December 2014

EURUSD TRADING LOWER AHEAD OF THE ECB INTEREST RATE DECISION.

EEURUSD dropped yesterday and closed at 1.2310. The Retail Sales in the Eurozone rose less than the market expectations reaching 0.4 percent on a monthly basis in October. The Final Services PMI dropped to a level of 51.1 in November. In Germany the Services PMI remained unchanged in November holding a level of at 52.1 in line with the market expectations.

Data from the United States revealed that the ISM Non-Manufacturing PMI rose to a level of 59.3 in November against the market expectations of a rise to 57.5. The ADP Non-Farm Employment release indicated 208K jobs added in November. Market had expected a larger expansion to a level of 223K.

Investors are now looking forward for the ECB Minimum Bid Rate decision and the ECB Press Conference due later today. Meanwhile EURUSD printed new lows touched the 1.2995 level.

Support for the EURUSD is seen at 1.2294 and resistance is seen at 1.2391.

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 : 8th December 2014

US DOLLAR KEEPS PRINTING NEW HIGHS AGAINST THE EURO. EUROGROUP MEETINGS ON FOCUS TODAY.

EURUSD dropped on Friday and closed at 1.2285. The German Factory Orders rose 2.5 percent on a monthly basis in October. The Industrial Production in Spain rose 1.2 percent on an annual basis in October.

No matter the positive releases from the Eurozone the US dollar traded on a strong foot after the positive NFP data. The US Non-Farm Payrolls recorded an increase of 321K in November beating the market expectations of a 230K increase. The Unemployment Rate in the United States remained steady at 5.8 percent in November.

The President of the United States Federal Reserve in Cleveland Loretta Mester sounded very optimistic about the US economy and also added that she sees an interest rate hike in 2015.

Investors are looking forward for the Eurogroup Meetings taking place in Brussels today.

Support for the EURUSD is seen at 1.2250 and resistance is seen at 1.2391.

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 : 11th December 2014

EURUSD TRADING HIGHER ON THURSDAY. RETAIL SALES AND UNEMPLOYMENT CLAIMS DATA FROM THE UNITED STATES ON TAP.

EURUSD rose yesterday and closed at 1.2447. The ECB Executive Board Member Benoit Coeure urged the EU governments to implement structural reforms in order to promote growth and overcome the period of low inflation in the Eurozone. Data released from France indicated that the Industrial Production in the country fell to a reading of -0.8 percent in October.

A report from the United States indicated that the Federal Budget Balance dropped to 56.82 billion USD in November.

Investors are now looking forward for the Retails Sales data and the Unemployment Claims report due from the United States later today.

Support for the EURUSD is seen at 1.2361 and resistance is seen at 1.2491.

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 December 2014

EURUSD MAKING NEW HIGHS IN THE EUROPEAN SESSION. GERMAN ZEW ECONOMIC SENTIMENT ON TAP.

URUSD dropped yesterday and closed at 1.2436. The Industrial Production in the United States rose more than the market expectations registering a 1.3 percent rise on a monthly basis in November – its highest rise since 2010. On the other hand the Empire State Manufacturing Index registered a sharp drop to a level of -3.6. The NAHB Housing Market Index also dropped to 57.0 in December.

Investors are now looking forward for the German ZEW Economic Sentiment and also the US Building Permits report.

Support for the EURUSD is seen at 1.2414 and resistance is seen at 1.2522.

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 December 2014

EURUSD CONTINUES TO PRINT NEW LOWS ON FRIDAY.

EURUSD dropped yesterday and closed at 1.2285. Data released yesterday indicated that the German Ifo Business Climate rose to a level of 105.5 in December. Data from the United States indicated that the Unemployment Claims during the last week dropped to 289K. On the other hand the Philly Fed Manufacturing Index dropped more than the market expectations to a level of 24.5 in December. The Flash Services Purchasing Managers Index also recorded a drop to a level of 53.6 in December. The CB Leading Index month over month came out in line with the market expectations at a reading of 0.6 percent in November.

No major economic releases are due from Europe and the United States for the rest of the trading day, but investors should be fully aware that any potential market commentary may bring volatility on the market.

Support for the EURUSD is seen at 1.2258 and resistance is seen at 1.2369.

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 : 23rd December 2014

EURUSD PRINTING NEW LOWS AHEAD OF THE US FINAL GDP REPORT.

EURUSD rose yesterday and closed at 1.2229. Data released from the Eurozone indicated that the Consumer Confidence in the single currency bloc rose slightly to -11 in November. In Germany the Import Price Index dropped to -0.8 percent on a monthly basis in November.

Data from the United States showed that the Existing Home Sales dropped to a six-month low in December coming at a reading of 4.93M.

Investors are now looking forward for the Final GDP data for the 3rd quarter from the United States as well as the Core Durable Goods Orders month over month and the New Home Sales reports. During the time of the releases high volatility may be seen on the market and investors should be fully aware of that.

Support for the EURUSD is seen at 1.2205 and resistance is seen at 1.2300.

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 : 5th January 2015

EURUSD PRINTED FRESH 9 YEAR LOWS ON WORRIES OF GREEK EUROZONE EX.

EURUSD dropped on Friday and closed at 1.2001. The Manufacturin PMI in Germany remained unchanged at a reading of 52.1 in December 2014. On the other hand the Manufacturing PMI in the Eurozone dropped to a reading of 50.6 in December. Data released from the United States revealed that the ISM Manufacturing PMI dropped of 55.5. The Final Manufacturing PMI in the US also dropped to a level of 53.9 in December.

Over the weekend fears about a potential Greek exit of the Eurozone if the Greek opposition party Syriza wins the elections in January caused large gaps on the market. EURUSD stops were triggered and the pair hit a 9 year low level dropping to 1.1856.

Investors are now awaiting the German Preliminary CPI data and the speech of the FOMC Member John Williams.

Support for the EURUSD is seen at 1.1869 and resistance is seen at 1.1978.

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.

[CENTER]Date : 7th January 2015

EURUSD PREPARING TO TEST THE 1.18 LEVEL AFTER NEGATIVE CPI FROM THE EUROZONE AND BETTER THAN EXPECTED ADP NON-FARM EMPLOYMENT CHANGE REPORT FROM THE UNITED STATES.[/CENTER]

EURUSD dropped yesterday and closed at 1.1889. The Final Services PMI in the Eurozone came out closed to the market expectations at 51.6. The same report from the United States followed and also came close to the market expectations at a reading of 53.3. The ISM Non-Manufacturing PMI failed to meet the market expectations and came out at a reading of 56.2 in December.

Data released today pushed to EURUSD even lower. The CPI Flash Estimate year over year report from the Eurozone came out at a reading of -0.2 percent. That’s the first time since 2009 where the Eurozones’s CPI declines. A report from the United States pressurized the single European currency after the ADP Non-Farm Employment Change came out better than the market expectations at a reading of 241K.

While the EURUSD is looking to potentially break the 1.18 level investors are looking forward for the FOMC Meeting Minutes due later today.

Support for the EURUSD is seen at 1.1817 and resistance is seen at 1.1936.

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 : 9th January 2015

EURUSD TRADING FLAT AHEAD OF THE US NON-FARM PAYROLLS REPORT.

EURUSD dropped yesterday and closed at 1.1792. The single European currency came under pressure after the German Factory Orders dropped 2.4 percent on a monthly basis in November. On the other hand the Retail Sales data from the Eurozone came out better than expected recording a gain of 0.6 percent in November.

Data from the United States indicated that the Unemployment Claims during the last week were 294K which was close to the market expectations of a reading of 291K and less than the previous week’s report of 298K.

Investors are now looking forward for the US Non-Farm Employment Change report and the Unemployment rate data. The possibility of high volatility on the market prior and after the releases exists and investors should be fully aware of it.

Support for the EURUSD is seen at 1.1763 and resistance is seen at 1.1889.

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.