Unemployment Claims USD
Technical Analysis Daily Majors & Minors
• EUR/USD – With no news coming from Europe on the Greek drama, and the
market waiting for the latest FOMC Minutes, the EUR/USD pair trades steady
a few pips below the 1.1400 level, lower within its recent range. The short
term technical picture is slightly bearish, as the price develops below a bearish
20 SMA but between 1nn and 200 SMAs that actually reflect the current lack
of direction. The technical indicators in the mentioned time frame present a
tepid bearish slope below their midlines, keeping the risk towards the
downside, with the immediate support around 1.1345, a daily ascendant trend
line coming from this year low of 1.1097.
In the 4 hours chart the price is also below its 20 SMA, while the indicators
maintain a neutral stance as per hovering around their midlines ever since the
week started. But how will this pair trade like in todays session?
• GBP/USD - pair is struggling to extend gains despite a weaker-than-expected
housing data in the US. The little reaction to a weak data indicates markets are
mainly focused on the Fed minutes due for release later today. But how will
this pair trade like in todays session?
Quick Daily Update
• U.S. producer prices recorded their biggest decline in more than five years in
January on plunging energy costs, pointing to very benign inflation in the near
term that could argue against raising interest rates.
• U.S. manufacturing output rose modestly in January and not at all in
December, potentially worrisome signs for the U.S. economy given the recent
strength in the dollar and weaker overseas markets.
Daily News To Watch
Thursday, 19th February 2015 Previous Forecast Actual
13:30pm USD Unemployment Claims 304k 293k
15:00pm USD Philly Fed Manufacturing Index 6.3 8.8