{"id":64335,"date":"2014-11-27T07:17:17","date_gmt":"2014-11-27T12:17:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=64335"},"modified":"2014-11-27T07:26:13","modified_gmt":"2014-11-27T12:26:13","slug":"eurusd-no-details-on-quantitative-easing-from-draghi","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/eurusd-no-details-on-quantitative-easing-from-draghi\/","title":{"rendered":"EUR\/USD: No Details On Quantitative Easing From Draghi"},"content":{"rendered":"<div id=\"inves-669631083\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 27, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/growthaces.com\">growthaces.com<\/a><\/p>\n<p><strong>GROWTHACES.COM Trading Positions<\/strong><\/p>\n<p><strong>EUR\/USD:<\/strong> short at 1.2480, target 1.2330, stop-loss 1.2550<\/p>\n<p><strong>USD\/JPY:<\/strong> long at 117.50, target 119.80, stop-loss 116.60<\/p>\n<p><strong>USD\/CHF<\/strong>: long at 0.9600, target 0.9760, stop-loss 0.9580<\/p>\n<p><strong>EUR\/CHF:<\/strong> long at 1.2025, target 1.2095, stop-loss 1.1995<\/p><div id=\"inves-4147571629\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong>EUR\/GBP:<\/strong> short at 0.7990, target 0.7840, stop-loss 0.7980<\/p>\n<p>We encourage you to visit our <a href=\"http:\/\/growthaces.com\/\" target=\"_blank\" rel=\"nofollow\">website<\/a> <a href=\"http:\/\/growthaces.com\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/growthaces.com<\/a> and subscribe to our newsletter to receive trading positions summary for major pairs and crosses.<\/p>\n<p><strong>EUR\/USD: No Details On Quantitative Easing From Draghi<\/strong><\/p>\n<p>(we stay short, the target is 1.2330)<\/p>\n<ul type=\"disc\">\n<li><strong>Wednesday brought us some weaker-than-expected U.S. macroeconomic releases.<\/strong><\/li>\n<li><strong>Initial claims for state unemployment benefits increased 21k<\/strong> to a seasonally adjusted 313k for the week ended November 22, the Labor Department said on Wednesday.<\/li>\n<li><strong>Sales of new U.S. single-family homes<\/strong> gained 0.7% to a seasonally adjusted annual rate of <strong>458k units. The median forecast amounted to 472k.<\/strong> September\u2019s sales pace was revised down to 455k units from 467k units. The National Association of Realtors said its <strong>Pending Home Sales Index, based on contracts signed last month, fell 1.1% mom<\/strong> vs. the median forecast of a rise of 0.5% mom.<\/li>\n<li>University of <strong>Michigan<\/strong>\u2018s final November reading on the overall index on <strong>consumer sentiment<\/strong> came in <strong>at 88.8<\/strong>, its highest reading since July 2007 on a final basis. The reading was up from the 86.9 the month before but slightly <strong>below the preliminary reading of 89.4.<\/strong> The survey\u2019s barometer of current economic conditions rose to 102.7 from 98.3. The survey\u2019s gauge of consumer expectations edged up to 79.9 from the 79.6 in October.<\/li>\n<li><strong>Chicago PMI index fell 5.4 pts to 60.8 in November.<\/strong> A major negative contribution came from new orders and employment components. The Chicago region still appears to have been outperforming many others recently.<\/li>\n<li>Durable goods orders increased 0.4% mom in October after a fall of 1.3% mom I September. However, <strong>non-defense capital goods orders excluding aircraft<\/strong>, a closely watched proxy for business spending plans, <strong>declined 1.3% mom last month<\/strong> vs. an expected rise by 1.0% mom.<\/li>\n<li><strong>U.S. markets are closed today for the Thanksgiving holiday.<\/strong><\/li>\n<li><strong>Investors were waiting for today\u2019s speech of the ECB President Mario Draghi<\/strong>, a day after Vice President Vitor Constancio said the ECB could make a decision on government bond-buying in the first quarter if the economy did not improve. <strong>Mario Draghi disappointed the EUR\/USD bears and did not add any further details on the status of the ECB\u2019s discussions on quantitative easing.<\/strong><\/li>\n<li>The EUR\/USD rose on Wednesday after poor macroeconomic releases reaching a day\u2019s high at 1.2532. <strong>The recovery in the EUR\/USD was short-lived, expectations for further steps of monetary easing in the Euro zone still play key role for traders\u2019 decisions.<\/strong><\/li>\n<li><strong>At GrowthAces.com we stay EUR\/USD short with the target at 1.2330.<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"http:\/\/static.cdn-seekingalpha.com\/uploads\/2014\/11\/27\/saupload_eurusd_27112014.png\" alt=\"EUR\/USD Daily Chart\" \/><\/p>\n<p>Significant technical analysis\u2019 levels:<\/p>\n<p>Resistance: 1.2532 (highNov 26), 1.2550 (30-dma), 1.2569 (high Nov 21)<\/p>\n<p>Support: 1.2443 (low Nov 26), 1.2402 (low Nov 25), 1.2358 (low Nov 7)<\/p>\n<p><strong>AUD\/USD Recovered After Strong Capital Spending Data<\/strong><\/p>\n<p>(we stay sideways)<\/p>\n<ul type=\"disc\">\n<li><strong>The Australian Bureau of Statistics reported capital spending edged up by 0.2% in the third quarter.<\/strong> The reading was much better than the median forecast of a fall by 1.5%. Spending on equipment jumped 4.4% for the biggest rise in three years.<\/li>\n<li><strong>The data herald a good GDP reading that is due next week<\/strong> and expected to show growth of 3.1% (a very good result among developed economies).<\/li>\n<li>The AUD bounced off four-year lows against the USD Thursday after an upbeat report on business spending. The AUD\/USD touched a four-year trough of 0.8480 on Wednesday. In our opinion <strong>the short-term outlook for the AUD\/USD is mixed. In the opinion of GrowthAces.com no positions on the AUD\/USD are justified from the risk\/reward perspective at the moment.<\/strong><\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"http:\/\/static.cdn-seekingalpha.com\/uploads\/2014\/11\/27\/saupload_audusd_27112014.png\" alt=\"AUDUSD Daily Chart\" \/><\/p>\n<p>Significant technical analysis\u2019 levels:<\/p>\n<p>Resistance: 0.8619 (high Nov 25), 0.8635 (10-dma), 0.8663 (21-dma)<\/p>\n<p>Support: 0.8480 (low Nov 26), 0.8450 (low Jul 7, 2010), 0.8315 (low Jul 1, 2010)<\/p>\n<p><a href=\"http:\/\/growthaces.com\/\" target=\"_blank\" rel=\"nofollow\">GrowthAces.com<\/a> is an independent macroeconomic research consultancy for traders. We offer you daily forex analysis with forex trading signals. The service covers forex forecasts and signals for following currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD as well as emerging markets. Our subscribers should expect to receive: forex trading strategies, latest price changes, support and resistance levels, buy and sell forex signals and early heads-up about the potential fx trading opportunities. <a href=\"http:\/\/growthaces.com\/\" target=\"_blank\" rel=\"nofollow\">GrowthAces.com<\/a> offers also daily macroeconomic fundamental analysis that enables you to see fundamental changes on forex market. We provide in-depth analysis of economic indicators resulting from knowledge, experience, advanced statistics and cutting-edge quantitative tools.<\/p>\n<p>We encourage you to subscribe to our daily forex newsletter on <a href=\"http:\/\/growthaces.com\/\" target=\"_blank\" rel=\"nofollow\">http:\/\/growthaces.com<\/a> to get daily analysis for forex traders. We intend that our consultancy should help you make better decisions. At <a href=\"http:\/\/growthaces.com\/\" target=\"_blank\" rel=\"nofollow\">GrowthAces.com<\/a> we give our best to you \u2013 always greatest quality, usefulness and profitability.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by growthaces.com GROWTHACES.COM Trading Positions EUR\/USD: short at 1.2480, target 1.2330, stop-loss 1.2550 USD\/JPY: long at 117.50, target 119.80, stop-loss 116.60 USD\/CHF: long at 0.9600, target 0.9760, stop-loss 0.9580 EUR\/CHF: long at 1.2025, target 1.2095, stop-loss 1.1995 EUR\/GBP: short at 0.7990, target 0.7840, stop-loss 0.7980 We encourage you to visit our website http:\/\/growthaces.com and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-64335","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=64335"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/64335\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=64335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=64335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=64335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}