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Free Forex Trading Signals: EURUSD April 2014

Free Forex Trading Signals: EURUSD April 2014

It has been a while since our last Forex Trading signal. The last Forex trading signal was on EURUSD forecasting a bullish market. That signal proved accurate (find the previous TCI signal here). The current TCI Forex signal is focusing also on EURUSD. TCI forecasts an uptrend continuation, but based on the current data we can’t speak about a clear and strong trend.

Forex Asset: EURUSD

TCI Forecast: Uptrend Continuation (↑) for two (2) more Trading Days and then Correction (↓). Check the TCI table below.

EURUSD Macroeconomic Outlook

Here are some important points regarding Euro and USD:

  • The high demand for the new issuing of the 5-Years Greek bond boosted the macroeconomic confidence in Eurozone. The bonds sale of $4.2 billion offered a coupon 4.75%, while 90% of the bonds issue went to long-term investors.
  • During the spring meetings of IMF, Mr. Benoit Coeure, executive member of ECB commented “The stronger the Euro, the more need for monetary accommodation”. Mr. Coeure also stated that the European Central Bank does not target a specific Euro exchange rate, but from the other hand, he said that the rate of Euro is highly important as it affects directly inflation in the Eurozone.
  • As concerns the US Dollar, and according to FED, the interest rate of USD is expected stable until the early 2015. That may have disappointed some investors who were expecting an early USD interest rate increase during the 1st semester of 2014.

EURUSD Technical Analysis

During the past week, EUR against the US Dollar was strong but also unable to sustain the important supply level of 1.39.

Short Term Supply Level: 1.393

Short Term Demand Level: 1.386

EURUSD Statistics

Here are the Statistics for EURUSD based on 13.5 years of research by TradingCenter. You can see that April is traditionally a good month for Euro against the US Dollar while usually in May EURUSD is correcting with high daily volatility.

MONTH

AGGREGATE EURUSD RATE CHANGE (%)

AVERAGE EURUSD CHANGE

TIMES (↑↓)

AVERAGE EURUSD DAILY VOLATILITY

MARCH

3.68%

0.26%

7↑ 7↓

0.859%

APRIL

10.10%

0.72%

7↑ 7↓

0.834%

MAY

-7.28%

-0.52%

6↑ 8↓

0.923%

More Statistics about EURUSD here

TCI on EURUSD

The Trading Center Indicator (TCI) is a unique Technical Analysis Indicator developed by TradingCenter. ► More About TCI

Here are the current TCI Indications regarding EURUSD. TCI forecasts a short-term uptrend continuation of 2 days and after a possible correction. Note that there is an ongoing uptrend but it can not be considered as a very strong one. In that context, important news will once more determines what happens next regarding EURUSD.

Table: TCI on EURUSD

Date

Close

Volume

Price (%)

Volatility (%)

TCI

2014.03.21

1.37920

95277

0.10%

0.3%

1.08%

2014.03.24

1.38368

118463

0.32%

0.8%

1.59%

2014.03.25

1.38242

157223

-0.09%

0.7%

1.43%

2014.03.26

1.37833

121722

-0.30%

0.4%

0.84%

2014.03.27

1.37398

139925

-0.32%

0.5%

0.26%

2014.03.28

1.37497

120396

0.07%

0.5%

0.27%

2014.03.31

1.37675

122631

0.13%

0.6%

0.25%

2014.04.01

1.37914

98741

0.17%

0.3%

0.93%

2014.04.02

1.37656

94091

-0.19%

0.5%

0.18%

2014.04.03

1.37181

119239

-0.35%

0.8%

-0.47%

2014.04.04

1.37009

93536

-0.13%

0.4%

-1.06%

2014.04.07

1.37399

58471

0.28%

0.4%

-0.59%

2014.04.08

1.37955

117344

0.40%

0.5%

0.26%

2014.04.09

1.38536

105756

0.42%

0.6%

1.13%

2014.04.10

1.38842

114642

0.22%

0.5%

1.33%

2014.04.11

1.38829

104117

-0.01%

0.3%

1.41%

(+1 Trading Days) April, Monday 14th

 

 

1.24%

(+2 Trading Days) April, 15th

LOCAL HIGH

1.44%

(+3 Trading Days) April,16th

POSSIBLE CORRECTION

1.10%

(+4 Trading Days) April, 17th

 

 

0.88%

(+5 Trading Days) April, 18th

LOCAL HIGH

1.17%

(+6 Trading Days) April, Monday, 21st

CORRECTION STARTS

1.13%

(+7 Trading Days) April, 22nd

 

 

1.08%

(+8 Trading Days) April, 23rd

 

 

0.54%

(+9 Trading Days) April, 24th

 

 

0.56%

(+10 Trading Days) April, 25th

 

 

0.59%

(+11 Trading Days) April, Monday 28th

 

 

0.50%

(+12 Trading Days) April 29th

 

 

0.23%

(+13 Trading Days) April 30th

 

 

0.37%

(+14 Trading Days) May 1st

 

 

0.28%

(+15 Trading Days) May 2nd

 

 

0.38%

(+16 Trading Days) May Monday 5th

 

 

0.31%

(+17 Trading Days) May 6th

 

 

0.70%

(+18 Trading Days) May 7th

 

 

0.72%

EURUSD Upcoming News

These are the upcoming news and events regarding Eurozone from April 14th to May 5th.

Table: Eurozone Upcoming News & Events

Date

Time

Upcoming Event

Forecast

Previous

14-Apr

5:00am

Industrial Production m/m

0.003

-0.002

15-Apr

Tentative

Trade Balance

13.9B

13.7B

15-Apr

5:00am

German ZEW Economic Sentiment

46.3

46.6

15-Apr

 

ZEW Economic Sentiment

60.7

61.5

15-Apr

 

Trade Balance

 

 

16-Apr

4:00am

Italian Trade Balance

1.27B

0.37B

16-Apr

 

CPI y/y

0.005

0.005

16-Apr

 

Core CPI y/y

0.008

0.01

16-Apr

Tentative

German 10-y Bond Auction

 

1.58|1.6

17-Apr

2:00am

German PPI m/m

0.001

0

17-Apr

4:00am

Current Account

22.3B

25.3B

18-Apr

All Day

German Bank Holiday

 

 

21-Apr

All Day

German Bank Holiday

 

 

21-Apr

All Day

Italian Bank Holiday

 

 

21-Apr

All Day

French Bank Holiday

 

 

21-Apr

Tentative

Spanish HPI q/q

 

 

22-Apr

10:00am

Consumer Confidence

 

-9

23-Apr

3:00am

French Flash Manufacturing PMI

51.8

23-Apr

 

French Flash Services PMI

 

51.5

23-Apr

3:30am

German Flash Manufacturing PMI

53.7

23-Apr

 

German Flash Services PMI

 

53

23-Apr

4:00am

Flash Manufacturing PMI

 

53

23-Apr

 

Flash Services PMI

 

52.2

23-Apr

Tentative

German 30-y Bond Auction

 

 

24-Apr

4:00am

German Ifo Business Climate

 

110.7

25-Apr

All Day

Italian Bank Holiday

 

 

25-Apr

9:00am

Belgian NBB Business Climate

-4.4

28-Apr

4:00am

Italian Monthly Unemployment Rate

 

28-Apr

5:00am

Italian Prelim CPI m/m

 

 

28-Apr

6:00am

German Buba Monthly Report

 

 

29-Apr

2:00am

Spanish Unemployment Rate

 

 

29-Apr

 

German Import Prices m/m

 

 

29-Apr

All Day

German Prelim CPI m/m

 

 

29-Apr

4:00am

M3 Money Supply y/y

 

 

29-Apr

 

Italian Retail Sales m/m

 

 

29-Apr

 

Private Loans y/y

 

 

29-Apr

4:10am

Retail PMI

 

 

29-Apr

Tentative

Italian 10-y Bond Auction

 

 

30-Apr

 

German Retail Sales m/m

 

 

30-Apr

 

GfK German Consumer Climate

 

30-Apr

2:45am

French Consumer Spending m/m

 

30-Apr

 

Spanish Flash GDP q/q

 

 

30-Apr

3:55am

German Unemployment Change

 

30-Apr

5:00am

CPI Flash Estimate y/y

 

 

1-May

All Day

German Bank Holiday

 

 

1-May

All Day

Italian Bank Holiday

 

 

1-May

All Day

French Bank Holiday

 

 

1-May

3:15am

Spanish Manufacturing PMI

 

 

1-May

3:45am

Italian Manufacturing PMI

 

 

1-May

4:00am

Final Manufacturing PMI

 

 

2-May

3:00am

Spanish Unemployment Change

 

2-May

5:00am

EU Economic Forecasts

 

 

2-May

 

Unemployment Rate

 

 

5-May

3:15am

Spanish Services PMI

 

 

5-May

3:45am

Italian Services PMI

 

 

5-May

4:00am

Final Services PMI

 

 

5-May

5:00am

PPI m/m

 

 

5-May

Tentative

French 10-y Bond Auction

 

 

Source: ForexFactory


These are the upcoming news and events for the US Dollar from April 14th to May 5th.

Table: US Dollar Upcoming News & Events

Date

Time

Upcoming Event

Forecast

Previous

14-Apr

8:30am

Core Retail Sales m/m

0.005

0.003

14-Apr

 

Retail Sales m/m

0.008

0.003

14-Apr

10:00am

Business Inventories m/m

0.005

0.004

14-Apr

12:45pm

FOMC Member Tarullo Speaks

 

 

15-Apr

 

Core CPI m/m

0.001

0.001

15-Apr

 

CPI m/m

0.001

0.001

15-Apr

 

Empire State Manufacturing Index

8.2

5.6

15-Apr

8:45am

Fed Chair Yellen Speaks

 

 

15-Apr

9:00am

TIC Long-Term Purchases

14.6B

7.3B

15-Apr

10:00am

NAHB Housing Market Index

50

47

15-Apr

3:00pm

FOMC Member Plosser Speaks

 

 

15-Apr

8:00pm

FOMC Member Kocherlakota Speaks

 

16-Apr

8:00am

FOMC Member Stein Speaks

 

 

16-Apr

 

Building Permits

1.00M

1.01M

16-Apr

 

Housing Starts

0.97M

0.91M

16-Apr

9:15am

Capacity Utilization Rate

0.788

0.784

16-Apr

 

Industrial Production m/m

0.005

0.006

16-Apr

10:30am

Crude Oil Inventories

 

4.0M

16-Apr

12:15pm

Fed Chair Yellen Speaks

 

 

16-Apr

1:25pm

FOMC Member Fisher Speaks

 

 

16-Apr

2:00pm

Beige Book

 

 

17-Apr

 

Unemployment Claims

316K

300K

17-Apr

10:00am

Philly Fed Manufacturing Index

9.6

9

17-Apr

10:30am

Natural Gas Storage

 

4B

21-Apr

10:00am

CB Leading Index m/m

 

0.005

22-Apr

9:00am

HPI m/m

 

0.005

22-Apr

 

Existing Home Sales

 

4.60M

22-Apr

 

Richmond Manufacturing Index

 

-7

23-Apr

9:45am

Flash Manufacturing PMI

 

55.5

23-Apr

10:00am

New Home Sales

 

440K

23-Apr

10:30am

Crude Oil Inventories

 

 

23-Apr

Tentative

Treasury Currency Report

 

 

24-Apr

8:30am

Core Durable Goods Orders m/m

 

0.002

24-Apr

 

Unemployment Claims

 

 

24-Apr

 

Durable Goods Orders m/m

 

0.022

24-Apr

10:30am

Natural Gas Storage

 

 

25-Apr

9:45am

Flash Services PMI

 

55.5

25-Apr

9:55am

Revised UoM Consumer Sentiment

 

 

25-Apr

 

Revised UoM Inflation Expectations

 

 

28-Apr

10:00am

Pending Home Sales m/m

 

 

29-Apr

9:00am

S&P/CS Composite-20 HPI y/y

 

 

29-Apr

10:00am

CB Consumer Confidence

 

 

30-Apr

8:15am

ADP Non-Farm Employment Change

 

30-Apr

 

Advance GDP q/q

 

 

30-Apr

 

Advance GDP Price Index q/q

 

 

30-Apr

 

Employment Cost Index q/q

 

 

30-Apr

9:45am

Chicago PMI

 

 

30-Apr

10:30am

Crude Oil Inventories

 

 

30-Apr

2:00pm

FOMC Statement

 

 

30-Apr

 

Federal Funds Rate

 

 

1-May

7:30am

Challenger Job Cuts y/y

 

 

1-May

8:30am

Unemployment Claims

 

 

1-May

 

Core PCE Price Index m/m

 

 

1-May

 

Personal Spending m/m

 

 

1-May

 

Personal Income m/m

 

 

1-May

9:00am

Final Manufacturing PMI

 

 

1-May

10:00am

ISM Manufacturing PMI

 

 

1-May

 

Construction Spending m/m

 

 

1-May

 

ISM Manufacturing Prices

 

 

1-May

10:30am

Natural Gas Storage

 

 

1-May

All Day

Total Vehicle Sales

 

 

2-May

8:30am

Non-Farm Employment Change

 

 

2-May

 

Unemployment Rate

 

 

2-May

 

Average Hourly Earnings m/m

 

 

2-May

10:00am

Factory Orders m/m

 

 

5-May

9:00am

Final Services PMI

 

 

5-May

10:00am

ISM Non-Manufacturing PMI

 

 

5-May

Tentative

Loan Officer Survey

 

 

Source: ForexFactory


Reviews on TradingCenter: » Forex Brokers | » Forex Signals » Forex Robots

 

George Protonotarios, Financial Analyst (April, 13th 2014)

Free Forex Trading Signals: EURUSD

TradingCenter (2014)

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