Bewayopa's Trading Ideas

[bewayopa]

EUR / USD had sharp drop on Friday after the numbers of ordained in the US has increased to 280K in May, exceeding forecasts of 220K.
The price fell below support at 1.1180 and found support at 1.1045.
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[bewayopa]

EUR / USD rose on Monday, recovering all losses generated by the numbers of wages.
The rising feeling of yesterday is printed in momentum studies.
The RSI is back above its 50 line and the MACD, as positive rose above the signal line.
The feeling "bullish" may lead us to near the 1.1500 zone.
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[bewayopa]

The dollar gained ground with the good news of job data.
The SME confidence index rose more than expected.
The US companies are struggling to hire people and are increasing wages.
The likelihood of increased rate of FED funds increase, Yields of US bonds rose.
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[bewayopa]

The dollar traded for high against most G10 peers during the European morning today.
The unemployment figures were slightly above the expected 279K 277k
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[bewayopa]

The Euro fell after comments from German Chancellor that "a strong euro hampers the reforms in Spain and Ireland."
But the real effective exchange rate is at 2002 levels, when the EUR / USD is found to transact at around 0.90.
The balance expected for the current account of the euro area for this year is 2.6% of GDP, the opposite of a weak currency sign.

 

[bewayopa]

EUR / USD opened today with a "gap" after reaching the resistance of 1.1300 on Friday.
There is a negative divergence between the short-term oscillators and the price.
The RSI is back below its 50 and MACD line below its signal line, just stay negative.
This "momentum" increases the possibility of further decreases.
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[bewayopa]

ZEW is a monthly economic survey. The ZEW Economic Sentiment is an almalgamation of the sentiments of approximately 350 economists and analysts regarding the economic future of Germany for the next six months. The survey shows the balance between those analysts who are optimistic about Germany's economic future and those who are not.
The report on the German ZEW for June came out lower (31.5) than expected (37.1) and also lower than is the previous value (41.9).
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[bewayopa]

The US Federal Reserve has kept unchanged the key interest rate and has lowered economic growth for 2015

 

[bewayopa]

Today is held in Luxembourg, the meeting of ministers of the eurozone finance, with Greece once again become the center of attention.

 

[bewayopa]

The finance minister said he was exposed to the Eurogroup a proposal "full" and "very reasonable" that includes, for example, "a broad privatization plan to ten years," the "liberalization of markets for goods and services" and "new reform program designed in conjunction with the OECD. "