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HFblogNews
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HOTFOREX ADDS EURNOK TO ITS CURRENCY PAIRS LIST HotForex is pleased to announce the addition of one new offering to our wide range of currency pairs. As a HotForex client, you will now have the opportunity to trade the EURNOK pair. The pair will be available on all account types with the exception of FIX accounts. With the addition of EURNOK pair, HotForex now offers traders access to 47 currency pairs. For a full list of currency pairs offered and their specifications please follow the link. If you have any questions please do not hesitate to contact our dedicated customer support team via myHotForex, live chat, or by telephone on +44 2033185978.
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Date : 9th October 2014 EURUSD PRINTED NEW HIGHS IN THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS TODAY. EURUSD rose yesterday and closed at 1.2732. The German Bundesbank President Jens Weidmann criticized the plans of ECB to buy private sector bonds. On the other hand the ECB Vice President Vitor Constancio spoke in favor of the recent measures taken by the central bank in order to battle with the low inflation in the Euro area. The FOMC Meeting Minutes revealed that the Fed is planning to end its QE program after the end of this month and keep the interest rates low for a considerable period of time. Furthermore some policy members added their concerns about the strong dollar which may hurt the US exports if it continues to strengthen further. Investors are looking forward for the speech of the President of the European Central Bank Mario Draghi at the Brookings Institution in Washington DC and the Unemployment Claims data due earlier. Support for the EURUSD is seen at 1.2624 and resistance is seen at 1.2785. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 8th October 2014 EURUSD TRADING HIGHER IN THE LATE EUROPEAN SESSION. INVESTORS ARE AWAITING THE FOMC MEETING MINUTES. EURUSD rose yesterday and closed at 1.2668. The German Industrial Production came out at a reading of -4.0 percent on a monthly basis in August. The European Central Bank Governing Council Member Klaas Knot stated that the central bank will continue with its current accommodative policy, because the inflation in the Eurozone is still very low. Data from the United States showed that the JOLTS Job Openings rose to a level of 4.84M in August. During his speech yesterday the President of the United States Federal Reserve in New York William Dudley expressed his upbeat view of the US economy and added that Fed might raise the interest rates in the middle of 2015. Investors are now looking forward for the FOMC Meeting Minutes due later today. Support for the EURUSD is seen at 1.2584 and resistance is seen at 1.2680. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 7th October 2014 EURUSD TRADING LOWER AFTER THE SHARP DROP OF THE GERMAN INDUSTRIAL PRODUCTION IN AUGUST. EURUSD rose yesterday and closed at 1.2654. The Sentix Investor Confidence in the Eurozone dropped to a new low of -13.7 in September. The German Factory Orders dropped sharply to -5.7 percent in August. In the United States the President of the Federal Reserve in Kansas City Esther George opined that the central bank should raise the short-term interest rates. According to her there is a noticeable improvement of the US economy. Data released earlier today indicated that the German Industrial Production dropped sharply in August. The release showed a reading of -4.0 percent against the market expectations of a -1.4 percent drop. Following the negative release the single European currency lost ground against its US counterpart and its currently trading below the 1.2600 level. Investors are looking forward for the FOMC Meeting Minutes due tomorrow. Support for the EURUSD is seen at 1.2508 and resistance is seen at 1.2654. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 2nd October 2014 EURUSD TRADING HIGHER DURING THE ECB PRESS CONFERENCE. ECB LEFT THE MINIMUM BID RATE AT 0.05 PERCENT. EURUSD dropped yesterday and closed at 1.2621. Data released from the Eurozone revealed that the Final Manufacturing PMI in the currency union remained stable in September coming at a reading of 50.3. The ADP Non-Farm Employment Change came out better than expected showing an increase of 213K jobs in September. On the other hand the ISM Manufacturing PMI was a little bit disappointing coming worse than expected at a reading of 56.6 in September. Data released today indicated that the Unemployment Claims in the largest economy in the world were less than expected during the last week coming at a reading of 287K. Market had expected a rise to 299K. The ECB Press Conference is taking place at the moment and the pair is trading higher following the comments from the ECB President Mario Draghi. Support for the EURUSD is seen at 1.2587 and resistance is seen at 1.2668. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 1st October 2014 EURUSD TRADING NEAR THE 1.2600 LEVEL IN THE EUROPEAN SESSION. US ADP NON-FARM EMPLOYMENT CHANGE ON FOCUS. EURUSD dropped yesterday and closed at 1.2630. The CPI Flash Estimate in the Eurozone dropped to a level of 0.3 percent on an annual basis in September. The Unemployment Rate in the currency union remained stable at 11.5 percent. Data from the United States showed that the CB Consumer Confidence dropped to a reading of 86.0 in September. The Chicago PMI also failed to meet the market expectations coming at a reading of 60.5 in September. Data released today indicated that the Final Manufacturing PMI in the Eurozone dropped to a level of 50.3 in September. Investors are now looking forward for the ADP Non-Farm Employment Change and the ISM Manufacturing PMI releases due from the United States. Support for the EURUSD is seen at 1.2586 and resistance is seen at 1.2716. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 30th September 2014 EURUSD BROKE THE 1.2600 LEVEL AFTER THE CONSUMER PRICE INDEX IN THE EUROZONE DROPPED TO 0.3 PERCENT IN SEPTEMBER. EURUSD rose yesterday and closed at 1.2684. The German Consumer Price Index remained flat in September coming at a reading of 0.0 percent. In Spain the CPI dropped to a reading of -0.2 percent during the same period. Data from the United States revealed that the Pending Home Sales in the largest economy of the world recorded drop of -1.0 percent in August. On the other hand the Personal Spending and the Personal Income in the US rose in line with the market expectations with 0.5 and 0.3 percent accordingly in August. Data released today indicated that the Consumer Price Index in the Eurozone dropped to a level of 0.3 percent on an annual basis in September. The release caused a major sell off on the EURUSD and the pair fell below the 1.2600 level. Another report indicated that the Unemployment Rate in the currency union remained stable in August at 11.5 percent. Investors are now looking forward for the CB Consumer Confidence data due from the United States later today. Support for the EURUSD is seen at 1.2589 and resistance is seen at 1.2713. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 29th September 2014 EURUSD PRINTED NEW LOWS AT THE START OF THE WEEK. LIGHT ECONOMIC CALENDAR FOR THE SESSION AHEAD. EURUSD dropped on Friday and closed at 1.2682. The Gfk Consumer Confidence in Germany dropped for a fifth consecutive month to a reading of 8.3 in October. Data from the United States showed that the Final GDP rose 4.6 percent in the second quarter of 2014. The University of Michigan revised Consumer Sentiment rose to a level of 84.6 in September, market had expected a rise to 85.1. The top fundamental releases of the week will be the Minimum Bid Rate and the ECB Press Conference due from Europe and the US Non-farm Payrolls report. Support for the EURUSD is seen at 1.2667 and resistance is seen at 1.2783. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 26th September 2014 LOW VOLATILITY ON THE MARKET AHEAD OF THE US FINAL GDP REPORT. GERMAN GFK CONSUMER CLIMATE FALLS IN SEPTEMBER. URUSD dropped yesterday and closed at 1.2749. The President of the European Central Bank Mario Draghi stated in his speech that the central bank is ready to use any unconventional measures to prevent a prolonged period of low inflation in the currency union. Data from the United States revealed that the Durable Goods Orders dropped -18.2 percent in August. On the other hand the Core Durable Goods Orders came in line with the market expectations rising 0.7 percent in the same period. The Unemployment Claims report came better, but still closer to the market expectations at a reading of 293K. Investors are now looking forward for the key event of the day – the Final GDP report from the United States for the 2nd quarter of 2014. Depending on the outcome of the release we may witness high volatility on the market and investors should be fully aware of it. Investors are now looking forward for the Unemployment Claims and Durable Goods Orders releases due from the United States. Support for the EURUSD is seen at 1.2714 and resistance is seen at 1.2819. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 25th September 2014 EURUSD TARGETING THE 1.2700 LEVEL AT THE START OF THE EUROPEAN SESSION. EURUSD dropped yesterday and closed at 1.2779. The German Ifo Business Climate continued to fall for a 5th month in a row coming at a reading of 104.7 in September. Data from the United States showed that the New Home Sales rose sharply in August reaching 504K units. The President of the United States Federal Reserve in Chicago Charles Evans stated that the US economy has made a significant progress, but still needs the help of an extended period of time of low interest rates to help the recovery. At the start of the European session the pair printed new low levels and it’s currently targeting the 1.2700 level. Investors are now looking forward for the Unemployment Claims and Durable Goods Orders releases due from the United States. Support for the EURUSD is seen at 1.2728 and resistance is seen at 1.2819. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 24th September 2014 EURUSD TRADING LOWER IN THE LATE EUROPEAN SESSION. GERMAN IFO BUSINESS CLIMATE SLIPS IN SEPTEMBER. EURUSD rose yesterday and closed at 1.2846. The Manufacturing PMI in the largest economy in the Eurozone dropped to a reading of 50.3 in September. On the other hand the Flash Services PMI in Germany rose to a level of 55.4 in September. The Eurozone Manufacturing and Services PMI continued to drop in September. Data from the United States revealed that the Flash Manufacturing PMI remained stable at 57.9 in September. Another report indicated that the Richmond Manufacturing Index increased to a level of 14 in September against the market expectation of a drop to 10. Data released today indicated that the German Ifo Business Climate slipped to a reading of 104.7 in September. Investors are now looking forward for the New Home Sales report due from the United States. Support for the EURUSD is seen at 1.2820 and resistance is seen at 1.2922. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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NEW WEBSITE DESIGN FOR HF AFFILIATES Introducing the new and improved HF Affiliates website! The user-friendly and highly intuitive design of the HF Affiliates website is just one in a long line of recent upgrades and enhancements. Click here to explore the new website. In the event that you have any questions, please do not hesitate to contact the HotForex Affiliate Team at partners@hotforex.com.
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HOTFOREX ADDS CFDS ON ALIBABA SHARES ON ITS TRADING PLATFORM. We are pleased to announce the addition of the hottest Initial Public Offering of the year – ALIBABA, which was listed on the NYSE on Friday 19th September 2014! As a HotForex client, you can now trade CFDs on ALIBABA shares with 20% margin. With the addition of ALIBABA, HotForex now offers traders access to CFDs on the shares of 37 international corporations giving you the opportunity to diversify your investment portfolio. Whether you are trading with the HotForex MT4 platform, WebTrader, iPhone or Android application, you will never be far from the world’s most traded shares. For a full list of shares and their specifications, please click here: If you have any questions please do not hesitate to contact our dedicated customer support team via myHotForex, live chat, or by telephone on +44 2033185978. purchase or sale of any financial instrument.
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Date : 23rd September 2014 EURUSD TARGETING THE 1.2900 LEVEL IN THE EUROPEAN SESSION. GERMAN MANUFACTURING SLOWS DOWN IN SEPTEMBER. EURUSD rose yesterday and closed at 1.2848. The Consumer Confidence in the Eurozone fell to a reading of -11 in September marking its lowest reading since February. During his speech the President of the European Central Bank Mario Draghi stated that the economic recovery in the Eurozone is lacking and added that the ECB is ready to take any unconventional measures to improve the inflation and the economic situation in the currency union. The chief economist of the European Central Bank Peter Praet, stated that the ECB is not trying to push the Euro lower to support the fragile economic recovery. Data from the United States indicated that the Existing Home Sales in the largest economy in the world reached 5.05M in August. Market had expected a rise to 5.21M. Support for the EURUSD is seen at 1.2820 and resistance is seen at 1.2922. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 22nd September 2014 QUIET START OF THE EUROPEAN SESSION. ECB PRESIDENT MARIO DRAGHI SPEAKS TODAY. EURUSD dropped on Friday and closed at 1.2828. The Producer Price Index in Germany dropped 0.1 percent month over month in August. Data from the United States indicated that the CB Leading Index rose 0.2 percent month over month in August. Market had expected a 0.4 percent rise. The credit ratings agency Fitch Ratings affirmed the AAA rating of the United States and maintained its “stable” outlook for the US economy. Investors are looking ahead for the speech of the President of the European Central Bank Mario Draghi on monetary policy before the European Parliament’s Economic and Monetary Policy Committee in Brussels. Support for the EURUSD is seen at 1.2826 and resistance is seen at 1.2924. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 19th September 2014 EURUSD TRADING LOWER IN THE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR IN THE SESSION AHEAD. EURUSD rose yesterday and closed at 1.2922. The European Central Bank started its Targeted LTRO program with 86.2 billion Euro. Data released from the United States revealed that the Unemployment Claims in the largest economy in the world dropped to 280K during the last week. The Building Permits and Housing Starts in the US fell more than the market expectation in August. The Philly Fed Manufacturing Index also recorded a drop to a reading of 22.5 in September. Market had expected a drop to 22.8 from the previous high of 28.0 reached in August. Data released earlier today indicated that the results on the Scottish Independence Referendum showed a NO vote easing the worries of a potential split between England and Scotland. Support for the EURUSD is seen at 1.2836 and resistance is seen at 1.2924. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 18th September 2014 EURUSD DROPPED AFTER THE FOMC RELEASES YESTERDAY. US UNEMPLOYMENT CLAIMS DROPPED TO A 2-MONTH LOW. EURUSD dropped yesterday and closed at 1.2864. The inflation in the Eurozone remained stable, but below the 2 percent of the European Central Bank. Data from the United States indicated that the Federal Reserve maintained its interest rate at 0.25 percent in line with the market expectations and also reduced its asset purchase program to 15 billion USD per month. During the FOMC Press Conference the Fed Chair Janet Yellen stated that the policymakers at the Federal Reserve are in no hurry to raise the interest rates in the largest economy in the world. Data released today showed a drop of the Unemployment Claims in the United States to 280K during the last week which is a 2-month low level. The Building Permits and Housing Starts reports came a little worse than expected, but that might be due to the low activity in the sector in August when most of the people take their summer holiday. Support for the EURUSD is seen at 1.2836 and resistance is seen at 1.2979. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 17th September 2014 EURUSD TRADING IN TIGHT RANGE AFTER THE FINAL CPI RELEASE FROM THE EUROZONE. INVESTORS ARE AWAITING THE KEY FOMC EVENTS DUE LATER TODAY. EURUSD dropped yesterday and closed at 1.2939. The German ZEW Economic Sentiment dropped to a level of 6.9 in September. Data from the United States indicated that the Producer Price Index in the largest economy in the world remained flat in August coming at 0.0 percent on a monthly basis. The Core PPI month over month came in line with the market expectations recording a gain of 0.1 percent in August. The Final Consumer Price Index data from the Eurozone released today indicated that the inflation in the EU remained stable at 0.4 percent. The session ahead will be very busy with high impact economic released from the United States including the CPI and Core CPI month over month releases, the Federal Funds Rate and the FOMC Statement, Economic Projections and Press Conference. Investors should be fully aware of the possible high volatility during the time of the releases. Support for the EURUSD 1.2858 and resistance is seen at 1.2987. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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NEW WEBTRADER NOW AVAILABLE. Dear Client, WebTrader’s highly customisable trading environment is going from strength to strength and the latest update brings you improved responsiveness and even better performance. Your WebTrader interface has been automatically updated, so when you login you will have immediate access to the new features (Note: If you have any issues viewing the new version, simply clear your cache). Please take a moment to familiarise yourself with the latest additions to the WebTrader interface: NEW - Close all: Efficiently Close All open positions by simply clicking one button. NEW - Redesigned User Interface: More user friendly design to allow you to easily perform your Trade Operations The update builds on WebTrader’s existing line-up of benefits: Instant access – all you need is an internet connection. No download necessary Use your MT4 account login details Ability to open a position in WebTrader and close the same position on the MT4 platform Enhanced charting functionality User-friendly interface Login to WebTrader using your HotForex MT4 credentials. If you have any questions about WebTrader please do not hesitate to contact our dedicated customer support team via myHotForex, live chat, or by telephone on +44 2033185978. Best Regards, The HotForex Support Team
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Date : 16th September 2014 EURUSD TRADING CALM AHEAD OF THE US PRODUCER PRICE INDEX RELEASE. EURUSD dropped yesterday and closed at 1.2939. The Trade Balance in the Eurozone dropped to 12.2 billion Euro in July. The Organization for Economic Co-operation and Development (OECD) urged the European Central Bank to come up with more aggressive measure in order to cut the deflation risk in the EU. Data from the United States indicated that the Industrial Production in the largest economy in the world dropped unexpectedly on a monthly basis in August to 0.1 percent. The Capacity Utilization Rate in the US also dropped to 78.8 percent in August. On the other hand the Empire State Manufacturing Index increased to a reading of 27.5 in September marking its highest rise in 4 years. Data released today showed that the German ZEW Economic Sentiment rose better than expected in September to a reading of 6.9, but at the same time dropped to its December 2012 low. Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2978. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 15th September 2014 EURUSD PUSHING LOWER IN THE EUROPEAN SESSION. LIGHT ECONOMIC CALENDAR TODAY. EURUSD rose on Friday and closed at 1.2963. The number of unemployed people in the Eurozone rose with 0.2 percent on quarterly basis in the second quarter of 2014. On the other hand the Industrial Production in the EU rose more than the market expectation reaching 1.0 percent in July. The wholesale price index in Germany recorded a drop of 0.2 percent in August. Data from the United States revealed that the Michigan Consumer Sentiment rose better than expected in August to a reading of 84.6. The Retails Sales rose 0.6 percent in August in line with the market expectations. The week ahead will be busy with high-impact fundamental releases including the FOMC Press Conference, the Federal Funds Rate from the US, the FOMC Statement and the Scottish Independence Vote. Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 12th September 2014 EURUSD TRADING SIDEWAYS AT THE START OF THE EUROPEAN SESSION. US RETAIL SALES AND CONSUMER SENTIMENT DATA ON FOCUS TODAY. EURUSD rose yesterday and closed at 1.2922. The German Final Consumer Price Index remained flat in August coming at a reading of 0.0 percent, while the French CPI came out at 0.4 percent during the same period. During its monthly report the European Central Bank reported that the policymakers will keep monitoring closely the outlook for the inflation in the Eurozone and would take all the needed measures to maintain the inflation target. The President of the ECB urged the leaders of the European countries to increase their level of investments in the Euro area in order to stimulate the growth of the region. The ECB Governing Council member Christian Noyer stated that even though the central bank succeeded bringing the Euro lower, it still need to take further steps of bringing it even lower in order to achieve its inflation target. Data from the United States indicated that the Unemployment Claims unexpectedly rose to a level of 315K during the last week. Investors are now looking forward for the US Retail Sales and Consumer Sentiment releases due later today. Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 11th September 2014 EURUSD TRADING CALM AHEAD OF THE US UNEMPLOYMENT CLAIMS DATA. MARIO DRAGHI’S SPEECH ON FOCUS. EURUSD dropped yesterday and closed at 1.2916. Data released from the Eurozone indicated that the French Industrial Production rose 0.2 percent on a monthly basis in July. The ECB Executive Board member Yves Mersch stated that the recent decision of the central bank to purchase debt instruments should not be considered as an opening regarding purchases of government bonds and further indicating his opposition for the ECB to follow other major central banks with large-scale public debt purchases. Data released from the United States indicated that the Wholesale Inventories increased by 0.1 percent. Market had expected an increase of 0.5 percent. Investors are now looking forward for the Unemployment Claims release due from the United States. The main scheduled fundamental event for the day is the speech of the President of the European Central Bank Mario Draghi at the Eurofi Financial Forum in Milan. Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 10th September 2014 EURUSD STARTED TO REVERSE ITS GAINS AHEAD OF THE US SESSION. EURUSD rose yesterday and closed at 1.2936. The European Union delayed the latest planned sanctions against Russia. The ECB Governing Council Member Erkki Liikanen stated yesterday that the size of the asset-backed securities and cover bond purchases has not been decided yet. According to Liikanen the new measures should be implemented carefully due to the risk component involved. Data from the United States indicated that the NFIB Small Business Index advanced to a reading of 96.1 in August. On the other hand the JOLTS Job Openings unexpectedly dropped to 4.67M in July. Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987. Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
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Date : 9th September 2014 EURUSD PRINTED NEW LOWS IN THE EUROPEAN SESSION. EURUD dropped yesterday and closed at 1.2893. The Sentix Investor Confidence Index in the Eurozone dropped to a reading of -9.8 in September. The German Trade Balance came out at a reading of 22.2B in July. The ECB Governing Council Member Ewald Nowotny stated yesterday that the recent measures that ECB took weakened the Euro and will help exporters from the EU to be more competitive on the global market. The IMG Chief Christine Lagarde stated that the weakening of the Euro against the United States dollar is a positive sign for the recovery in the Eurozone. Support for the EURUSD is seen at 1.2858 and resistance is seen at 1.2987 Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.
