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Daily Outlook 12-11-2014 EUR/USD The EUR rose 0.40% against the USD and closed at 1.2474. In the US, the NFIB small business optimism index rose to a level of 96.10 in October, compared to a level of 95.30 registered in the previous month. Meanwhile, the nation’s Redbook index on a yearly basis...

Daily Outlook 6-11-2014 EUR/USD the EUR declined 0.62% against the USD and closed at 1.2475. Germany’s services PMI expanded less than expected to 54.4 in October, against market expectations for a level of 54.8. indicating a worsening situation in the nation’s economy. Meanwhile, the region’s...

Daily Outlook 5-11-2014 EUR/USD The EUR rose 0.49% against the USD and closed at 1.2553. In economic news, the European Commission in its economic forecast downgraded the Euro-zone’s economic growth projections to 0.8% and 1.1% for 2014 and 2015 respectively, lower than its earlier forecast of...

Weekly Outlook 3-11-2014 EUR USD EUR/USD dropped to as low as 1.2485 last week and the breach of 1.2500 support indicates resumption of fall from 1.3993. Initial bias remains on the downside this week and deeper fall should be seen to 61.8% projection of 1.3700 to 1.2500 from 1.2886 at 1.2144...

Daily Outlook 23-10-2014 EUR/USD The EUR declined 0.52% against the USD and closed at 1.2646. The greenback traded on a stronger footing after the US consumer prices advanced 0.1% on a monthly basis in September, beating market expectations. The MBA mortgage applications in the US rose 11.6% in...

Daily Outlook 21-10-2014 EUR/USD The EUR rose 0.44% against the USD and closed at 1.6158. In economic news, producer prices in Germany stagnated on a monthly basis in September, following a decline of 0.1% recorded in August. The ECB Vice President, Vitor Constancio stated that the central bank...

Daily Outlook 17-10-2014 EUR/USD The EUR declined 0.07% against the USD and closed at 1.2810. In economic news, the Euro-zone’s consumer price index (CPI) rose 0.4% on a MoM basis in September, at par with market expectations. The US Dollar traded on a higher footing after the initial...

Daily Outlook 16-10-2014 EUR/USD The EUR rose 1.38% against the USD and closed at 1.2819. On the macro front, Germany’s final consumer price index advanced 0.8% on an annual basis in September, at par with market expectations. In the US, advance retail sales fell 0.3% on a monthly basis in...

Daily Outlook 7-10-2014 EUR/USD The EUR rose 1.12% against the USD and closed at 1.2652. On the macro front, the Sentix consumer confidence in the Euro-zone eased for the third consecutive month in October to -13.7, registering its lowest level since May 2013. The pair is expected to find...

Daily Outlook 30-09-2014 EUR/USD The EUR rose 0.14% against the USD and closed at 1.2690. On the macro front, consumer prices in Germany came in flat, on a monthly basis, in September, similar to an unchanged reading registered in the previous month. In other economic news, the Euro-zone’s...

Daily Outlook 25-09-2014 EUR/USD The EUR declined 0.55% against the USD and closed at 1.2776. Yesterday, the Euro further lost ground after the ECB Chief, Mario Draghi, in an interview, stated that the central bank would keep its monetary policy accommodative for a considerable period of time...

Daily Outlook 24-09-2014 EUR/USD The EUR traded marginally lower against the USD and closed at 1.2847, after the manufacturing PMI in Germany, Euro-zone’s biggest economy dropped to 50.3 in September . In the US, the manufacturing PMI remained steady at 57.9 in September, compared to market...

Daily Outlook 19-09-2014 EUR USD The EUR rose 0.63% against the USD and closed at 1.2918. Yesterday, the ECB in its first of eight Targeted Long Term Refinancing Operations (TLTROs) to be carried out between 2014 and 2016, allocated €82.6 billion to 255 counterparties at a fixed interest rate...

Daily Outlook 17-09-2014 EUR/USD The EUR rose 0.12% against the USD and closed at 1.2953, after the ZEW economic sentiment index in Germany, Euro-zone’s biggest economy, dropped lesser than expected to 6.9 this month. Meanwhile, the Euro-zone’s economic sentiment further deteriorated to 14.2...

Daily Outlook 16-09-2014 EURUSD The EUR declined 0.18% against the USD and closed at 1.2938, after the Euro-zone’s trade surplus narrowed to €12.2 billion in July, Separately, the Organization for Economic Co-operation and Development (OECD) cut its growth forecasts for major developed...