Terry Allen

The EUR/USD managed to rally to 1.4312 overnight - see above chart. Euro-zone data releases supported this action by posting a revised French PMI from 48.9 to 49.3 and that Europe’s Retails Sales fell to 0.2% during July. UK PMI Services beat forecasts by posting 54.1 versus the 54.0 expected. The...

. EUR/USD crashed yesterday despite very good US fundamental data releases breaking through its support at 1.4225 as predicted by my yesterday’s post - see above EUR/USD Chart. Earlier this morning, the Euro-zone posted 2Q GDP at -0.1%, a 2Q Household consumption rise to 0.2% and a Gross Capital...

....... As the diagram shows, the EUR/USD rose to 1.4380 supported by yesterday's Stochastic Hourly Bull crossover. However, the pair has slipped in the last couple of hours since the release of the Eurozone Annual Rate of Employment recorded an increased to 9.5% in July from 9.4% in June. Should...

Yesterday, the Forex Market threw off its lethargy in the early afternoon. Investors finally seem to respond to the constant good economic data dismissing fears that the global recovery was stalling. Risk appetite was also supported by the DXY index spiking lower and an hourly Stochastic bullish...

In August, the UK National home prices leaped to 1.6% against the forecasted 0.5% However, the GBP/USD continued its fall maybe because of the lingering worry that small UK businesses are unable to obtain the credit needed to support new opportunities. Meanwhile, Germany's Consumer Confidence...

There has been a spate of good Fundamental data releases today including: German IFO beat its forecasted 89.0 by posting a rise of 90.5 from 87.3. US Durable Goods July Orders increased by 4.9% from the decline June -2.5% easily beating the forecasted 3.0% US New Homes Sales rocketed to 9.6%...

USD Consumer Confidence dramatically eclipsed the forecasted 47.9 by posting 54.1. The DOW JONES surged to 9610 plus before quickly retracting. Similarly, the high yielding currencies, EUR and GBP, immediately leaped against the lower yielding USD and YEN before performing a dramatic reversal. The...

British Home Purchases posted a rise to 38,181 easily beating the forecasted 37,800. Germany releases showed that Domestic Demand fell sharply to 1.3%, 2Q Private Consumption rose to 0.7% and 2Q GDP meeting expections at 0.3% Initially, the GBP and EUR reacted little to their associated releases...

With very few Economic releases overnight, trading was quiet resulting in a mild EUR/USD retraction to a low of 1.4280 The Eurozone did report that New Industrial Orders had jumped 3.1% against a forecasted value of 1.8%. In fact, demand has now dropped 25.1% from this time last year. Although a...