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Free Forex Trading Signals: EURUSD January 2014

Forex Trading Signals: EURUSD Outlook January 2014

Free Forex Trading Signals -NovemberIn this analysis we are going to investigate EURUSD using basic technical analysis and the TCI model. At the end of this article you may find all major news and events regarding the Euro and the US Dollar as for January 2014. As always, before investigating further the current conditions of the Forex Market we are going to evaluate our previous TCI signal in the price of gold.

Previous TCI Signal on Gold Price -Press the Slider Below

In our previous TCI trading signal we have forecasted a short-term rally in the price of gold. By that time (21st, December 2013) gold was trading at $1,202.73. Today Gold is trading at $1,247.98. The price of Gold made a nice and smooth short-term rally and the TCI trading signal has been fully confirmed. For those willing to maintain furthermore their positions on Gold -but avoiding the risk of loosing their gains- I suggest moving the stop-loss to $1,245.60. As concerns the optimistic scenario, the next price-target remains at $1,270.

» Find the full Gold Price TCI Signal Here..

FOREX MARKET OUTLOOK JANUARY 2014 -EURUSD

Currently EURUSD is trading at 1.3668. The European currency against the US Dollar recently recovered from five-week lows following comments by the President of ECB, Mario Draghi. Historically speaking, during the month January Euro has been proved weak against the US Dollar. According to our research (2000-2013), Euro has performed -0.76% on average against the US Dollar during the month January. In 14 years, EURUSD was 8 times bearish and 6 times bullish during the month January.

» Check here TradingCenter Historical Research on EURUSD

EURUSD Historic Chart & Technical Analysis

This is the EURUSD historic chart (1-week). You may see major support and resistance plus a Moving Average of 50 periods. Below the main chart we can see the indications of Williams %R (14 periods).

Chart: EURUSD Historic

TRADING CENTER INDICATOR (TCI) on EURUSD

TCI indications on EURUSD may be considered as almost neutral. Today, EURUSD TCI is found at +0.54%, falling from its recent local high of +2.40% (30th, December 2013). Most probably EURUSD is expected to enter a short-term downtrend and form a local low after 14 trading days (27th, January 2014). Here is the TCI Table for EURUSD including forecast for the month January, 2014.

Table: TCI Indications on EURUSD until the January, 30th 2014

Date

Close

High

Low

Change

Volatility

TCI

2013.12.24

1.36748

1.37133

1.36542

-0.15%

0.43%

1.26%

2013.12.26

1.36892

1.37013

1.36790

0.11%

0.16%

1.61%

2013.12.27

1.37474

1.38729

1.36863

0.43%

1.36%

2.06%

2013.12.30

1.37988

1.38181

1.37276

0.37%

0.66%

2.40%

2013.12.31

1.37769

1.38117

1.37590

-0.16%

0.38%

2.01%

2014.01.02

1.36704

1.37526

1.36289

-0.77%

0.91%

0.88%

2014.01.03

1.35866

1.36718

1.35814

-0.61%

0.67%

-0.22%

2014.01.06

1.36268

1.36522

1.35706

0.30%

0.60%

-0.10%

2014.01.07

1.36144

1.36555

1.35960

-0.09%

0.44%

-0.62%

2014.01.08

1.35740

1.36343

1.35526

-0.30%

0.60%

-1.20%

2014.01.09

1.36068

1.36322

1.35479

0.24%

0.62%

-0.17%

2014.01.10

1.36681

1.36863

1.35732

0.45%

0.83%

0.54%

Forecast: +1 Trading Day January, 12th

 

 

 

 

 

0.02%

+2 Days: January 13th

 

 

 

 

 

0.37%

+3 Days: January 14th

 

 

 

 

 

0.29%

+4 Days: January 15th

 

 

 

 

 

0.11%

+5 Days: January 16th

 

 

 

 

 

-0.26%

+6 Days: January 17th

 

 

 

 

 

0.14%

+7 Days: January 19th

 

 

 

 

 

0.53%

+8 Days: January 20th (*)

 

 

 

 

 

0.40%

+9 Days: January 21st

 

 

 

 

 

0.19%

+10 Days: January 22nd

 

 

 

 

 

-0.11%

+11 Days: January 23rd

 

 

 

 

 

-0.28%

+12 Days: January 24th

 

 

 

 

 

-0.53%

+13 Days: January 26th

 

 

 

 

 

-0.82%

+14 Days: January 27th

 

 

 

 

 

-0.87%

+15 Days: January 28th

 

 

 

 

 

-0.51%

+16 Days: January 29th

 

 

 

 

 

-0.26%

(*) January, 20th is the Martin Luther King Holiday for US -The global Foreign Exchange Market is open

Note that TCI has not identified a clear trend yet regarding EURUSD and what happens next will be defined by the upcoming news. January is a month full of news and events concerning the Foreign Exchange Market. In the below table you may find all important news and events regarding Eurozone and the US during the month January, 2014.

EURUSD JANUARY NEWS & EVENTS

Press the below slider to uncover all Upcoming News & Events for EUR and USD.

DATE

TIME

UTC+2

ZONE

CALENDAR EVENT

PREVIOUS

FORECAST

CONSESUS

13th, MONDAY

9:00 PM

USD

MONTHLY BUDGET STATEMENT

$ -135.2B

$ -45.9B

$ 44.0B

14th, TUESDAY

12:00 PM

EURO

INDUSTRIAL PRODUCTION MOM

-1.10%

0.70%

1.30%

14th, TUESDAY

12:00 PM

EURO

INDUSTRIAL PRODUCTION YOY

0.20%

-0.25%

1.30%

14th, TUESDAY

2:30 PM

USD

NFIB BUSINESS OPTIMISM INDEX

92.5

94.06

 

14th, TUESDAY

2:45 PM

USD

CHAIN STORE SALES YOY

1.70%

 

 

14th, TUESDAY

2:45 PM

USD

CHAIN STORE SALES WOW

-5.40%

 

 

14th, TUESDAY

3:30 PM

USD

RETAIL SALES EX AUTOS MOM

0.40%

 

0.40%

14th, TUESDAY

3:30 PM

USD

RETAIL SALES YOY

4.70%

5.19%

 

14th, TUESDAY

3:30 PM

USD

RETAIL SALES MOM

0.70%

0.69%

0.20%

14th, TUESDAY

3:30 PM

USD

EXPORT PRICE INDEX MOM

0.10%

 

0.00%

14th, TUESDAY

3:30 PM

USD

EXPORT PRICE INDEX YOY

-1.60%

 

 

14th, TUESDAY

3:30 PM

USD

IMPORT PRICE INDEX YOY

-1.50%

 

 

14th, TUESDAY

3:30 PM

USD

IMPORT PRICE INDEX MOM

-0.60%

 

0.30%

14th, TUESDAY

3:55 PM

USD

REDBOOK YOY

4.10%

3.81%

 

14th, TUESDAY

3:55 PM

USD

REDBOOK MOM

-0.60%

 

 

14th, TUESDAY

5:00 PM

USD

BUSINESS INVENTORIES MOM

0.70%

0.46%

0.30%

14th, TUESDAY

11:30 PM

USD

API WEEKLY CRUDE STOCK

-7.31M

 

 

15th, WEDNESDAY

12:00 PM

EURO

BALANCE OF TRADE

€ 17.2B

€ 12.4B

€ 17.0B

15th, WEDNESDAY

2:00 PM

USD

MBA 30-YR MORTGAGE RATE

4.72%

 

 

15th, WEDNESDAY

2:00 PM

USD

MBA MORTGAGE APPLICATIONS

2.60%

 

 

15th, WEDNESDAY

3:30 PM

USD

NY EMPIRE STATE MANUF INDEX

0.98

7.48

 

15th, WEDNESDAY

3:30 PM

USD

PPI MOM

-0.10%

 

 

15th, WEDNESDAY

3:30 PM

USD

PPI YOY

0.70%

 

 

15th, WEDNESDAY

3:30 PM

USD

CORE PPI YOY

1.30%

 

 

15th, WEDNESDAY

3:30 PM

USD

CORE PPI MOM

0.10%

 

 

15th, WEDNESDAY

3:30 PM

USD

PPI MOM

-0.10%

 

0.40%

15th, WEDNESDAY

3:30 PM

USD

PPI YOY

0.70%

 

0.80%

15th, WEDNESDAY

3:30 PM

USD

CORE PPI YOY

1.30%

 

1.30%

15th, WEDNESDAY

3:30 PM

USD

CORE PPI MOM

0.10%

 

0.20%

15th, WEDNESDAY

5:30 PM

USD

EIA CRUDE OIL STOCKS CHANGE

-2.675M

 

 

15th, WEDNESDAY

9:00 PM

USD

FED'S BEIGE BOOK

 

 

 

16th, THURSDAY

12:00 PM

EURO

CORE INFLATION RATE YOY

0.90%

0.70%

0.70%

16th, THURSDAY

12:00 PM

EURO

INFLATION RATE MOM - FINAL

-0.10%

0.03%

 

16th, THURSDAY

12:00 PM

EURO

INFLATION RATE YOY - FINAL

0.90%

0.80%

0.80%

16th, THURSDAY

3:30 PM

USD

INFLATION RATE YOY

1.20%

2%

1.50%

16th, THURSDAY

3:30 PM

USD

INFLATION RATE MOM

0.00%

0.12%

0.30%

16th, THURSDAY

3:30 PM

USD

CONTINUING JOBLESS CLAIMS

2865K

2726K

 

16th, THURSDAY

3:30 PM

USD

CORE INFLATION RATE YOY

1.70%

1.72%

1.70%

16th, THURSDAY

3:30 PM

USD

CORE INFLATION RATE MOM

0.20%

 

0.10%

16th, THURSDAY

3:30 PM

USD

INITIAL JOBLESS CLAIMS

330K

338K

 

16th, THURSDAY

4:00 PM

USD

OVERALL NET CAPITAL FLOWS

$194.9B

$ 54.5B

 

16th, THURSDAY

4:00 PM

USD

NET LONG-TERM TIC FLOWS

$35.4B

$ 18.8B

 

16th, THURSDAY

5:00 PM

USD

PHILADELPHIA FED MANUFACT.

7

15

 

16th, THURSDAY

5:00 PM

USD

NAHB HOUSING MARKET INDEX

58

59.03

 

16th, THURSDAY

5:30 PM

USD

EIA NATURAL GAS STORAGE

-157B

 

 

17th, FRIDAY

12:00 PM

EURO

CONSTRUCTION OUTPUT YOY

-2.40%

-1.28%

 

17th, FRIDAY

12:00 PM

EURO

CONSTRUCTION OUTPUT MOM

-1.20%

 

 

17th, FRIDAY

3:30 PM

USD

BUILDING PERMITS MOM

-2.10%

 

 

17th, FRIDAY

3:30 PM

USD

HOUSING STARTS MOM

22.70%

 

 

17th, FRIDAY

3:30 PM

USD

BUILDING PERMITS

1017K (R)

1025

1010K

17th, FRIDAY

3:30 PM

USD

HOUSING STARTS

1091K

938.3K

0.990M

17th, FRIDAY

4:15 PM

USD

INDUSTRIAL PRODUCTION YOY

3.20%

3.54%

 

17th, FRIDAY

4:15 PM

USD

INDUSTRIAL PRODUCTION MOM

1.10%

0.60%

0.30%

17th, FRIDAY

4:15 PM

USD

CAPACITY UTILIZATION

79.00%

79.15%

79.10%

17th, FRIDAY

4:15 PM

USD

MANUFACTURING PRODUCTION

2.90%

2.54%

 

17th, FRIDAY

4:55 PM

USD

REUTERS MICHIGAN CONS SENT

82.5

83.4

84

20th, MONDAY

7:00 AM

USD

MARTIN LUTHER KING'S DAY

 

 

 

21st, TUESDAY

11:30 PM

USD

API WEEKLY CRUDE STOCK

 

 

 

22nd, WEDNESDAY

2:00 PM

USD

MBA 30-YR MORTGAGE RATE

 

 

 

22nd, WEDNESDAY

2:00 PM

USD

MBA MORTGAGE APPLICATIONS

 

 

 

22nd, WEDNESDAY

2:45 PM

USD

CHAIN STORE SALES YOY

 

 

 

22nd, WEDNESDAY

2:45 PM

USD

CHAIN STORE SALES MOM

 

 

 

22nd, WEDNESDAY

3:55 PM

USD

REDBOOK MOM

 

 

 

22nd, WEDNESDAY

3:55 PM

USD

REDBOOK YOY

 

3.62%

 

23rd, THURSDAY

10:58 AM

EURO

MARKIT MANUFACTURING PMI

52.7

53.43

 

23rd, THURSDAY

10:58 AM

EURO

MARKIT COMPOSITE PMI FLASH

52.1

 

 

23rd, THURSDAY

10:58 AM

EURO

MARKIT SERVICES PMI FLASH

51

 

 

23rd, THURSDAY

12:00 PM

EURO

CURRENT ACCOUNT

€ 26.2B

€ 26.6B

 

23rd, THURSDAY

5:30 PM

EURO

CONSUMER CONFIDENCE

-13.6

-13.26

 

23rd, THURSDAY

3:30 PM

USD

CONTINUING JOBLESS CLAIMS

 

2726K

 

23rd, THURSDAY

3:30 PM

USD

NATIONAL ACTIVITY INDEX

0.6

 

 

23rd, THURSDAY

3:30 PM

USD

INITIAL JOBLESS CLAIMS

 

340K

 

23rd, THURSDAY

3:58 PM

USD

MARKIT MANUFACTURING PMI

55

54.9

 

23rd, THURSDAY

4:00 PM

USD

HOUSE PRICE INDEX MOM

0.50%

0.56%

 

23rd, THURSDAY

5:00 PM

USD

EXISTING HOME SALES MOM

-4.30%

 

 

23rd, THURSDAY

5:00 PM

USD

CB LEADING INDICATOR MOM

0.80%

 

 

23rd, THURSDAY

5:00 PM

USD

EXISTING HOME SALES

4900K

5269.4K

 

23rd, THURSDAY

5:30 PM

USD

EIA NATURAL GAS STORAGE

 

 

 

27th, MONDAY

5:00 PM

USD

NEW HOME SALES

464K

447.9K

 

27th, MONDAY

5:00 PM

USD

NEW HOME SALES MOM

-2.10%

 

 

28th, TUESDAY

2:45 PM

USD

CHAIN STORE SALES YOY

 

 

 

28th, TUESDAY

2:45 PM

USD

CHAIN STORE SALES MOM

 

 

 

28th, TUESDAY

3:30 PM

USD

DURABLE GOODS ORDERS MOM

3.4% (R)

0.79%

 

28th, TUESDAY

3:30 PM

USD

DURABLE GOODS ORDERS

1.20%

 

 

28th, TUESDAY

3:55 PM

USD

REDBOOK YOY

 

3.50%

 

28th, TUESDAY

3:55 PM

USD

REDBOOK MM

 

 

 

28th, TUESDAY

4:00 PM

USD

S&P/CASE-SHILLER HOME

13.30%

 

 

28th, TUESDAY

6:30 PM

USD

API WEEKLY CRUDE STOCK

 

 

 

29th, WEDNESDAY

2:00 PM

USD

MBA 30-YR MORTGAGE RATE

 

 

 

29th, WEDNESDAY

2:00 PM

USD

MBA MORTGAGE APPLICATIONS

 

 

 

29th, WEDNESDAY

5:30 PM

USD

EIA CRUDE OIL STOCKS

 

 

 

29th, WEDNESDAY

9:00 PM

USD

QE TREASURIES

$40B

 

 

29th, WEDNESDAY

9:00 PM

USD

QE MBS

$35B

 

 

29th, WEDNESDAY

9:00 PM

USD

QE TOTAL

$75B

 

 

29th, WEDNESDAY

9:00 PM

USD

FED INTEREST RATE DECISION

0.25%

0.25%

0.25%

30th, THURSDAY

12:00 PM

EURO

CONSUMER CONFIDENCE

-13.6

 

 

30th, THURSDAY

12:00 PM

EURO

BUSINESS CONFIDENCE

 

0.42

 

30th, THURSDAY

12:00 PM

EURO

INDUSTRIAL SENTIMENT

 

 

 

30th, THURSDAY

3:30 PM

USD

CONTINUING JOBLESS CLAIMS

 

2706K

 

30th, THURSDAY

3:30 PM

USD

GDP GROWTH RATE QOQ ADV

4.10%

2%

 

30th, THURSDAY

3:30 PM

USD

INITIAL JOBLESS CLAIMS

 

343K

 

30th, THURSDAY

5:00 PM

USD

PENDING HOME SALES MOM

0.20%

 

 

30th, THURSDAY

5:00 PM

USD

PENDING HOME SALES YOY

-1.60%

-2.08%

 

30th, THURSDAY

5:30 PM

USD

EIA NATURAL GAS STORAGE

 

 

 

31st, FRIDAY

12:00 PM

EURO

CORE INFLATION RATE YOY

 

0.70%

 

31st, FRIDAY

12:00 PM

EURO

UNEMPLOYMENT RATE

12.10%

12.10%

 

31st, FRIDAY

12:00 PM

EURO

INFLATION RATE YOY

 

0.60%

 

31st, FRIDAY

3:30 PM

USD

PCE PRICE INDEX YY

0.90%

 

 

31st, FRIDAY

3:30 PM

USD

CORE PCE PRICE INDEX MM

0.10%

 

 

31st, FRIDAY

3:30 PM

USD

PCE PRICE INDEX MM

0%

 

 

31st, FRIDAY

3:30 PM

USD

CORE PCE PRICE INDEX YY

1.10%

 

 

31st, FRIDAY

3:30 PM

USD

EMPLOYMENT COST INDEX

0.40%

 

 

31st, FRIDAY

3:30 PM

USD

PERSONAL INCOME MOM

0.21%

0.51%

 

31st, FRIDAY

3:30 PM

USD

PERSONAL SPENDING MOM

0.50%

0.54%

 

31st, FRIDAY

4:45 PM

USD

CHICAGO PMI

59.1

 

 

31st, FRIDAY

4:55 PM

USD

MICHIGAN CONSUMER SENT.

 

 

 

Calendar Source: TradingEconomics

The time zone used in the above News Table refers to UTC / GMT + 2

 

Free Forex Trading Signals: EURUSD Outlook January 2014

 George Protonotarios, Financial Analyst

Trading Center.org (11th, January 2014)

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