{"id":67098,"date":"2015-01-26T07:50:17","date_gmt":"2015-01-26T12:50:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=67098"},"modified":"2015-01-26T07:45:46","modified_gmt":"2015-01-26T12:45:46","slug":"eurusd-investors-not-scared-of-greek-syriza","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/01\/eurusd-investors-not-scared-of-greek-syriza\/","title":{"rendered":"EUR\/USD: Investors Not Scared Of Greek SYRIZA"},"content":{"rendered":"<div id=\"inves-734289467\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 26, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Analysis by: <a href=\"http:\/\/growthaces.com\/\">http:\/\/growthaces.com<\/a><\/p>\n<p><strong>GROWTHACES.COM <a href=\"http:\/\/growthaces.com\">Forex Trading Strategies<\/a>:<\/strong><\/p>\n<p><strong>Trading Positions:<\/strong><\/p>\n<p><strong>EUR\/USD trading strategy: <\/strong>long at 1.1220, target 1.1550, stop-loss 1.1090<\/p>\n<p><strong>EUR\/GBP trading strategy: <\/strong>long at 0.7470, target 0.7650, stop-loss 0.7390<\/p>\n<p><strong>Pending Orders:<\/strong><\/p><div id=\"inves-1186117846\" 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>USD\/JPY trading strategy: <\/strong>sell at 119.20, if filled target 116.60, stop-loss 120.00<\/p>\n<p><strong>EUR\/JPY trading strategy: <\/strong>buy at 131.40, if filled target 134.70, stop-loss 130.50<\/p>\n<p><strong>USD\/CAD trading strategy: <\/strong>buy at 1.2300, if filled target 1.2720, stop-loss 1.2200<\/p>\n<p><strong>AUD\/NZD trading strategy: <\/strong>sell at 1.0680, if filled target 1.0350, stop-loss 1.0770<\/p>\n<p><strong>EUR\/USD: Investors Not Scared Of Greek SYRIZA<\/strong><\/p>\n<p>(long at 1.1220, target 1.1550)<\/p>\n<ul type=\"disc\">\n<li><strong>EUR\/USD investors were focused on Greek election\u2019s results today<\/strong>. With 99.8% of the vote counted, <strong>left-wing Syriza had 149 seats in the 300-member parliament with 36.3% of the vote. <\/strong>The right-wing Independent Greeks party said it would back Syriza leader Alexis Tsipras to be the next prime minister, after he fell just short of the majority needed to govern alone.<\/li>\n<li>Initially the EUR\/USD fell as low as 1.1098 after projections showed anti-austerity party Syriza won the election, setting Athens on a collision course with international lenders and potentially threatening its place in the euro. However, <strong>the EUR\/USD reaction was short-lived <\/strong>and the rate recovered above 1.1200 in the European session, as the election result was largely anticipated. Moreover, it is widely expected that Tsipras, at the end of the day, will work with the European Union and other international lenders.<\/li>\n<li>Another big event today was a release of <strong>German Ifo index.<\/strong> Ifo\u2019s business climate index increased to <strong>106.7 in January from 105.5 in December<\/strong>. That was the highest reading since July and the consensus forecast for 106.3.<\/li>\n<li>Ifo business conditions index rose in January to 111.7 from 109.8 in December and Ifo business expectations index rose to 102.0 from 101.3. The breakdown by sector revealed a rise in sentiment in the manufacturing sector, perhaps reflecting the fall in the EUR exchange rate.<\/li>\n<li>Let\u2019s take a look at Ifo Business-Cycle clock. We see that German economy is getting out of downswing phase of the cycle.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/ifo_26012015.png\" alt=\"German Ifo Business-Cycle Clock\" width=\"480\" height=\"288\" \/><\/p>\n<ul type=\"disc\">\n<li>We saw no panic after Syriza\u2019s win on the EUR\/USD market (there was a risk of further falls) and <strong>we decided to get long at 1.1220 ahead of Ifo data<\/strong>. Our forecast for Ifo index was even slightly more optimistic (107.0). <strong>Good Euro zone macro data may be a good reason to take profits on recent EUR-selling positions<\/strong>. <strong>There are no strong resistance levels nearby and the EUR\/USD has an open way even to reach even 1.1500 in the coming days. The situation will depend, however, on conclusions from the U.S. FOMC meeting (on Wednesday).<\/strong><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/eurusd_26012015.png\" alt=\"EUR\/USD Forex Daily Chart\" width=\"500\" height=\"350\" \/><\/p>\n<p>Significant technical analysis\u2019 levels:<\/p>\n<p>Resistance: 1.1376 (high Jan 23), 1.1529 (10-dma) 1.1646 (high Jan 22)<\/p>\n<p>Support: 1.1098 (hourly low Jan 26), 1.1047 (low Sep 8, 2003), 1.1000 (psychological level)<\/p>\n<p><strong>USD\/JPY: BOJ: Oil Price Falls Will Stimulate The Economy<\/strong><\/p>\n<p>(sell at 119.20)<\/p>\n<ul type=\"disc\">\n<li><strong>The Bank of Japan released minutes from its recent monetary policy meeting<\/strong>. The BOJ kept monetary policy steady at the December meeting. Many Bank of Japan board members said slumping oil prices will weigh on inflation short-term but will accelerate price rises in the long run by stimulating the economy. Some members voiced caution over risks to Japan\u2019s economic outlook, pointing to weak consumer and business sentiment surveys.<\/li>\n<li><strong>Foreign trade deficit amounted to JPY 660.7 bn in December. Japanese exports rose 12.9% yoy<\/strong>, up for a fourth straight month, helped by a weak JPY and a pick-up in overseas demand. The data showed exports to the United States rose 23.7% yoy, while those to China rose 4.3% yoy. EU-bound exports rose 6.8% yoy. <strong>Imports rose 1.9% yoy<\/strong> in December, as sharp falls in crude oil prices cut into the value of purchases.<\/li>\n<li>The USD\/JPY rose today to 118.39 in the morning of European session from Asian session low of 117.28. <strong>We keep our sell order on USD\/JPY at 119.20, as we expect some good Japanese macroeconomic figures later this week.<\/strong><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/usdjpy_26012015.png\" alt=\"USD\/JPY Forex Daily Chart\" width=\"500\" height=\"350\" \/><\/p>\n<p>Significant technical analysis\u2019 levels:<\/p>\n<p>Resistance: 118.82 (session high, Jan 22), 118.87 (high Jan 20), 119.31 (high Jan 12)<\/p>\n<p>Support: 117.25 (low Jan 22), 117.18 (low Jan 21), 116.93 (low Jan 19)<\/p>\n<p><a href=\"http:\/\/growthaces.com\/\" target=\"_blank\" rel=\"nofollow\"><span style=\"text-decoration: underline;\"><span style=\"color: #000080;\">GrowthAces.com<\/span><\/span><\/a> is an independent macroeconomic 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\"><span style=\"text-decoration: underline;\"><span style=\"color: #000080;\">GrowthAces.com<\/span><\/span><\/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\"><span style=\"text-decoration: underline;\"><span style=\"color: #000080;\">http:\/\/growthaces.com<\/span><\/span><\/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\"><span style=\"text-decoration: underline;\"><span style=\"color: #000080;\">GrowthAces.com<\/span><\/span><\/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>Analysis by: http:\/\/growthaces.com GROWTHACES.COM Forex Trading Strategies: Trading Positions: EUR\/USD trading strategy: long at 1.1220, target 1.1550, stop-loss 1.1090 EUR\/GBP trading strategy: long at 0.7470, target 0.7650, stop-loss 0.7390 Pending Orders: USD\/JPY trading strategy: sell at 119.20, if filled target 116.60, stop-loss 120.00 EUR\/JPY trading strategy: buy at 131.40, if filled target 134.70, stop-loss 130.50 [&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-67098","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67098","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=67098"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=67098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=67098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=67098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}