EURO UNDER PRESSURE

Hi everbody this week that just past produced important movements on financial markets.With no doubt the important event was ECB decision to cut the benckmark from 0,50% to a new historic low 0,25%.The decision surprised everyone.only three form 60 economist questioned by Bloomberg magazine forecast this movement.

The decision comes in a moment when it could be better,euro area was threatened by deflation euro was over in the couple of weeks.To eliminate deflation danger ECB President Mario Draghi announced the cut of interest rate a record low euro currencies depreciated against all currencies.

              11-15 November economic outlook

The Us dolar has strenghtened by the surprise NFP economic data wich reported important jobs 204 k new jobs added in cotmber,this come after another plesant surprise for american economy 3 quarter GDP which increased with 2,8 %
Euro retail sales drop by 0,6% in september 2013 compared with august 2013,despite the rose with 0,1 % of industrial producer index in september 2013 compared august 2013

Technical analysis on EUROUSD

For the next week on eurusd currencies pair I'm bearish on h4 chat if the price broke the resistance line 13319 we can choose to enter with sell oders starting with 13300 and the profit target will be near the next trend line  13212.In the scenario that price wouldn't broke the resistance line we can choose to enter with buy orders after the price test resistance line and the profit target  will be near the level 13455.So that's for eurousd for the next week and don't foreget investing in stocks,commodities,fx markets implies high risks.

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AUSSIE IS PREPARING FOR RETURN?

Hi everybody today I"d like to show some information about the australain dolar.Last week the aussie depreciated against all major currencies (aussie for those who don't yet know is the australian dolar)

Fundamental analysis

Building approvals rose 14,4 % in september,australian import price index rose 6,1 % in the september quarter 2013 the increase was driven by the depreciation of the australian dolar resulting increased price for imports.Inflation rate rose in september quarter with 1,3 %.

For 4-9 November the important event seems to be tuesday cash rate and the RBA statement.

Technical analysis

On audusd currencie pair if we look on H4 time frame it seems that the beers take the control but it is not relevent.So my opinion for de sell positions we need to wait untill de bullish divergence is consumed to resistence line 0,9487 if the resistence line has not broken we can enter with sell orders 0,9459 and the profit target will be 0,9388 near the level line 0,9378.

For those which wants to sell aussie they can enter with sell orders if the level 0,9378 will be broken will should to wait to be sure that the price to retest the level 0,9378  and you can enter with sell orders starting with 0,9353 and profit target will be near 0,9300.

For those with bullish view if we look on a daily chart we see that we have hiden divergence with bullish divergence on h4 so you can enter with buy orders if the resistence line will be broken when reversal bullish candlesticks appear.

Don't forget invest in stocks,commodities,fx markets implies high risks.
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