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EURUSD Report, News and TCI Forex Signals

In this analysis we are going to investigate the upcoming course of EURUSD by presenting and analyze TCI technical results for the upcoming weeks. Furthermore all the important upcoming news are presented in individual tables regarding EUR, USD, GBP, JPY, CAD, CHF, AUD and NZD. In overall it seems that EURUSD has entered an overbought area but the time of the donwtrend reversal can not be identified yet. Before we continue here is a glance at our previous report for EURUSD, GBPUSD and USDJPY, here are some details.

In our Previous Report we have state that the US Dollar is expected to be strong in the long-run, but also we said that the major USD crosses (EUR, GBP and JPY) will have to correct as they had already reached oversold levels. These corrections were expected to occur after some weeks, Actually, they happened much faster due to the speech of FEDís chairman. Of course by that time EURUSD has reached the strong support of 1.2750 as we can see at the following chart. The Long-term forecast remains the same and we expect the US Dollar to become stronger in the future, especially as concerns EURUSD.

EURUSD -What Should we Expect Next

The most possible scenario is that after a downtrend correction of a couple of days, the EURUSD will try to reach a new high. Either it will be able to form a new high, either not -EURUSD may be seen as overbought. But of course this is just the natural course of technical analysis. Important news regarding the EURO and the US Dollar may alter this technical picture. All the important upcoming news regarding EURUSD are presented at the end of this report. Here is a MT4 chart for EURUSD (plus RSI and Moving Average 50 days).

Chart: EURUSD, Moving Average 50 days and RSI (14)

EURUSD MT4 Chart

Current TCI Technical Analysis on EURUSD

TCI does not form a clear picture about what is about to happen as concerns EURUSD. Both TCI-Short and TCI-Long indicate that EURUSD has entered an overbought price area. But if we take a look to both TCI-Short and TCI-Long Historic Chart (2009-2013) we can see that the current overbought indications are not excessive.

Here are the EURUSD TCI indications regarding the upcoming weeks.

Date Close High Low Close % TCI-SHORT TCI-LONG
2013.06.27 1.30366 1.30562 1.29994 0.21% 0.57% 3.05%
2013.06.28 1.30082 1.31022 1.29904 -0.22% 0.07% 2.75%
2013.07.01 1.30622 1.30659 1.30043 0.41% 0.66% 3.51%
2013.07.02 1.29768 1.30772 1.29629 -0.66% -0.58% 0.69%
2013.07.03 1.30078 1.30305 1.29223 0.24% 0.07% 1.99%
2013.07.04 1.29120 1.30225 1.28824 -0.74% -1.25% -3.16%
2013.07.05 1.28277 1.29157 1.28053 -0.65% -2.36% -7.75%
2013.07.08 1.28678 1.28811 1.28100 0.31% -1.69% -5.26%
2013.07.09 1.27792 1.28973 1.27543 -0.69% -2.26% -10.67%
2013.07.10 1.29743 1.29827 1.27640 1.52% -0.25% -1.05%
2013.07.11 1.30953 1.3205 1.29618 0.94% 0.46% 2.31%
2013.07.12 1.30650 1.30992 1.29985 -0.23% 0.64% 1.58%
2013.07.15 1.30608 1.30788 1.29927 -0.03% 0.37% 2.70%
2013.07.16 1.31606 1.31732 1.30501 0.77% 1.63% 6.62%
2013.07.17 1.31229 1.31765 1.30824 -0.29% 0.85% 4.78%
2013.07.18 1.31073 1.31265 1.30662 -0.12% 0.10% 4.06%
2013.07.19 1.31405 1.31528 1.30885 0.25% 1.00% 7.72%
2013.07.22 1.31839 1.32172 1.31346 0.33% 1.22% 9.25%
2013.07.23 1.32207 1.32379 1.31627 0.28% 1.23% 11.40%
2013.07.24 1.31985 1.32553 1.31763 -0.17% 1.09% 11.35%
2013.07.25 1.32758 1.32951 1.31649 0.58% 1.91% 15.91%
2013.07.26 1.32769 1.3296 1.32519 0.01% 1.90% 15.63%

(+1 Trading day Forecast)

1.54% 16.89%
(+2 days) †Low† 1.05% 15.12%
(+3 days) 1.65% 13.03%
(+4 days) 1.56% 11.85%
(+5 days) 1.99% 12.23%
(+6 days) 2.21% 12.76%
(+7 days) 2.20% 11.09%
(+8 days) High††† 2.62% 9.80%
(+9 days) 1.99% 9.88%
(+10 days) 1.89% 9.15%
(+11 days) 1.74% 9.54%
(+12 days) 1.92% 8.55%
(+13 days) Low 1.52% 6.05%
(+14 days) 1.95% 6.48%
(+15 days) High††† 2.26% 4.56%
(+16 days) 2.01% 5.00%
(+17 days) 2.29% 4.18%
(+18 days) 1.41% 2.53%
(+19 days) 1.12% 2.26%
(+20 days) 0.96% 3.16%

TCI Historic Chart on EURUSD (2009-2013)

The following chart incorporates historic indications of TCI on EURUSD for the period 2009-2013. The charts are presented in order that we may identify the historic range of overbought and oversold indications. As concerns TCI Long the historic point +40% has indicated great reversals. As concerns TCI short the point +10% and above indicates clearly overbought levels for EURUSD.

Chart: TCI on EURUSD (2009-2013)

TCI Free Forex Trading Signals

Important Forex News during the Upcoming Week

Here are all important news for the upcoming week concerning the majors. Time Zone is Eastern Standard Time (EST) which means GMT minus 5 hours (EST = GMT -5).

?†US DOLLAR NEWS

All the News for the US Dollar (July 28- August 2)

DATE TIME EVENT IMPACT†
Tue Jul 30 9:00am S&P/CS Composite-20 HPI y/y
Tue Jul 30 10:00am CB Consumer Confidence STRONG
Wed Jul 31 8:15am ADP Non-Farm Employment Change AVERAGE+
Wed Jul 31 8:30am Advance GDP q/q STRONG
Wed Jul 31 8:30am Advance GDP Price Index q/q AVERAGE+
Wed Jul 31 8:30am Employment Cost Index q/q
Wed Jul 31 9:45am Chicago PMI AVERAGE+
Wed Jul 31 10:30am Crude Oil Inventories
WedJul 31 2:00pm FOMC Statement AVERAGE+
Wed Jul 31 2:00pm Federal Funds Rate
Thu Aug 1 7:30am Challenger Job Cuts y/y
Thu Aug 1 8:30am Unemployment Claims STRONG
Thu Aug 1 9:00am Final Manufacturing PMI
Thu Aug 1 10:00am ISM Manufacturing PMI
Thu Aug 1 10:00am Construction Spending m/m
Thu Aug 1 10:00am ISM Manufacturing Prices AVERAGE+
Thu Aug 1 10:30am Natural Gas Storage
Thu Aug 1 Total Vehicle Sales
Fri Aug 2 8:30am Non-Farm Employment Change AVERAGE+
Fri Aug 2 8:30am Unemployment Rate STRONG
Fri Aug 2 8:30am Average Hourly Earnings m/m
Fri Aug 2 8:30am Core PCE Price Index m/m
Fri Aug 2 8:30am Personal Spending m/m AVERAGE+
Fri Aug 2 8:30am Personal Income m/m
Fri Aug 2
10:00am Factory Orders m/m AVERAGE+
Fri Aug 2 12:15pm FOMC Member Bullard Speaks

?†THE EURO NEWS

All the News for the Euro (July 28- August 2)

DATE TIME EVENT IMPACT†
Tue Jul 30 2:00am GfK German Consumer Climate
Tue Jul 30 German Prelim CPI m/m
Tue Jul 30 3:00am Spanish Flash GDP q/q
Tue Jul 30 4:10am Retail PMI
Tue Jul 30 4:10am Italian 10-y Bond Auction AVERAGE+
Wed Jul 31 2:00am German Retail Sales m/m AVERAGE+
Wed Jul 31 2:45am French Consumer Spending m/m AVERAGE+
Wed Jul 31 3:55am German Unemployment Change
Wed Jul 31 4:00am Italian Monthly Unemployment Rate
Wed Jul 31 5:00am CPI Flash Estimate y/y
Wed Jul 31 5:00am Unemployment Rate STRONG
Wed Jul 31 5:00am Italian Prelim CPI m/m
Wed Jul 31 5:00am German 30-y Bond Auction
Thu Aug 1 3:15am Spanish Manufacturing PMI
Thu Aug 1 3:45am Italian Manufacturing PMI
Thu Aug 1 4:00am Final Manufacturing PMI
Thu Aug 1 7:45am Minimum Bid Rate AVERAGE+
Thu Aug 1 8:30am ECB Press Conference STRONG
Fri Aug 2 3:00am Spanish Unemployment Change AVERAGE+
Fri Aug 2 5:00am PPI m/m

?†THE BRITISH STERLING NEWS

All the News for the GBP (July 28- August 2)

DATE TIME EVENT IMPACT†
Mon Jul 29 4:30am Net Lending to Individuals m/m
Mon Jul 29 4:30am M4 Money Supply m/m
Mon Jul 29 4:30am Mortgage Approvals
Mon Jul 29 6:00am CBI Realized Sales
Tue Jul 30 7:01pm BRC Shop Price Index y/y
Tue Jul 30 7:05pm GfK Consumer Confidence
Thu Aug 1 Halifax HPI m/m
Thu Aug 1 4:30am Manufacturing PMI STRONG
Thu Aug 1 7:00am Asset Purchase Facility AVERAGE+
Thu Aug 1 7:00am Official Bank Rate STRONG
Thu Aug 1 7:00am MPC Rate Statement AVERAGE+
Fri Aug 2 2:00am Nationwide HPI m/m
Fri Aug 2 4:30am Construction PMI STRONG

?†THE JAPANESE YEN NEWS

All the News for the Japanese Yen (July 28- August 2)

DATE TIME EVENT IMPACT†
Sun Jul 28 †7:50pm Retail Sales y/y AVERAGE+
Mon Jul 29 7:30pm Household Spending y/y AVERAGE+
Mon Jul 29 7:30pm Unemployment Rate
Mon Jul 29 7:50pm Prelim Industrial Production m/m
Mon Jul 29 BOJ Gov Kuroda Speaks AVERAGE+
Tue Jul 30 7:15pm Manufacturing PMI
Tue Jul 30 9:30pm Average Cash Earnings y/y
Wed Jul 31 1:00am Housing Starts y/y
Wed Jul 31 11:45pm 10-y Bond Auction
Thu Aug 1 7:50pm Monetary Base y/y

?†THE SWISS FRANC NEWS

All the News for the Swiss Franc (July 28- August 2)

DATE TIME EVENT IMPACT†
Wed Jul 31 2:00am UBS Consumption Indicator
Wed Jul 31 3:00am KOF Economic Barometer
Thu Aug 1 Bank Holiday
Fri Aug 2 3:30am SVME PMI

?†THE CANADIAN DOLLAR NEWS

DATE TIME EVENT IMPACT†
Wed Jul 31
8:30am GDP m/m STRONG

?†THE AUSTRALIAN DOLLAR NEWS

All the News for the Australian Dollar (July 28- August 2)

DATE TIME EVENT IMPACT†
Mon Jul 29 9:30pm Building Approvals m/m AVERAGE+
Mon Jul 29 11:05pm RBA Gov Stevens Speaks AVERAGE+
Tue Jul 30 9:30pm Private Sector Credit m/m AVERAGE+
Wed Jul 31 7:30pm AIG Manufacturing Index
Wed Jul 31 HIA New Home Sales m/m AVERAGE+
Wed Jul 31 9:30pm Import Prices q/q
Thu Aug 1 2:30am Commodity Prices y/y
Thu Aug 1 9:30pm PPI q/q STRONG

?†THE NEWS ZEELAND DOLLAR NEWS

All the News for the New Zeeland Dollar (July 28- August 2)

DATE TIME EVENT IMPACT†
MonJul 29 6:45pm Building Consents m/m
TueJul 30 9:00pm ANZ Business Confidence AVERAGE+


G. Protonotarios

?†EURUSD Technical Analysis, News and TCI Forex Signals

Trading Center, July, 27 2013

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