{"id":80918,"date":"2015-11-12T04:11:34","date_gmt":"2015-11-12T09:11:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=80918"},"modified":"2015-11-12T06:17:37","modified_gmt":"2015-11-12T11:17:37","slug":"eurodollar-likely-growth-to-u3","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/eurodollar-likely-growth-to-u3\/","title":{"rendered":"Euro\/Dollar: Likely Growth to U3"},"content":{"rendered":"<div id=\"inves-3726605504\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 12, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By\u00a0<\/b><strong>Vladislav Antonov, Alpari<\/strong><\/p>\n<p><i><b>Yesterday\u2019s Trading:<\/b><\/i><\/p>\n<p>On Wednesday the US was on holiday. The stock markets were operating as normal, but the banks and the bonds market were off. Trader activity was low. Draghi didn\u2019t mention monetary policy so there was no reaction to his speech. His speech could have a significant effect on the market during today\u2019s press conference after the ECB has convened.<\/p>\n<p>The euro\/dollar returned to the LB after a fall to 1.0705 at the American session. Asia today saw the EUR\/USD lift to 1.0779 following the Aussie after the publication of strong Australian labour market data. Now let\u2019s have a look at what awaits us today.<\/p>\n<p><i><b>Main news of the day:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>09:00, German CPI for October;<\/li>\n<li>10:30 and 12:30 EET, Draghi to speak;<\/li>\n<li>12:00 EET, September Eurozone industrial production changes;<\/li>\n<li>15:30, US initial unemployment benefit applications data;<\/li>\n<li>16:30 EET, Fed\u2019s Yellen to speak;<\/li>\n<li>19:00 and 19:15 BoE\u2019s Haldane and FOMC\u2019s Dudley to speak.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p><div id=\"inves-3422162912\" 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>On Thursday, trader attention will be focussed on German CPI and Eurozone industrial manufacturing. At 15:30 EET a US labour market report will be out. The situation is a little ambiguous since gold and oil are down and the Aussie has strengthened sharply against its US counterpart even with low copper prices. The pound\/dollar has won back 50% of last week\u2019s fall: it\u2019s now trading at an important level near the trend line.<\/p>\n<p><i><b>Technical Analysis:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>Intraday target maximum: 1.0847, minimum: 1.0750, close: 1.0820;<\/li>\n<li>Intraday volatility for last 10 weeks: 119 points (4 figures).<\/li>\n<\/ul>\n<p>The euro dollar slid to 1.0705 and then bounced back to 1.0779 after a pinbar on the daily. What we really don\u2019t want to see is the euro head above 1.0800: although the risk of this is be high. We need to keep an eye on the pairs; especially the euro\/pound. I\u2019ll take a risk and say that I reckon we\u2019ll see a growth to the U3.<\/p>\n<p>I would even say that we can\u2019t write off the forming of an upward triangle from 1.0673. In this case the euro\/dollar will fall to 1.0735 and then shift upwards again to 1.0785. Market participants are expecting the US Federal reserve to put up their rates in December, so the market is now set to confuse us before the Fed convenes.<\/p>\n<div class=\"gray-area\">\n<div class=\"gray-area__bottom-border\"><\/div>\n<div class=\"gray-area__wrap \">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2015\/11\/eur_121115.png\" alt=\"EUR\/USD Hourly Graph\" width=\"650\" height=\"660\" \/><\/p>\n<div class=\"s_invisible_yes\">Source: alpari.com, &#8220;<a href=\"http:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/10980_12112015\/\">Euro\/Dollar: Likely Growth to U3<\/a>&#8220;<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Vladislav Antonov, Alpari Yesterday\u2019s Trading: On Wednesday the US was on holiday. The stock markets were operating as normal, but the banks and the bonds market were off. Trader activity was low. Draghi didn\u2019t mention monetary policy so there was no reaction to his speech. His speech could have a significant effect on the market [&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-80918","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80918","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=80918"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80918\/revisions"}],"predecessor-version":[{"id":80937,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80918\/revisions\/80937"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}