Hotforex.com - Market Analysis and News.

Date : 1st September 2014



EURUSD TRADING NEAR ITS FRIDAY’S CLOSE. GERMAN FINAL GDP CAME OUT AS EXPECTED.



EURUSD dropped sharply on Friday and closed at 1.3131. The Unemployment Rate in the Euro area remained at 11.5 percent in July. The Retail Sales in Germany fell 1.4 percent on a monthly basis in July. Data from the United States revealed that the Consumer Sentiment Index rose to a level of 82.5 in July marking its 7 year high level. The biggest surprise on the market was the Chicago Fed PMI which came out at a reading of 64.3 in August. Market had expected a rise to a reading of 56.0.



Data released today indicated that the German Final GDP data came out in line with the market expectations at a reading of -0.2 percent.



The US banks will be closed today due to the observance of the Labor Day.



Support for the EURUSD is seen at 1.3118 and resistance is seen at 1.3217.

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Share portfolio mess

Hi everyone I need pointing in the wright direction

I have a share portfolio which dates back to the min 1990's . I used to keep track of all my share via a site called

Investorwed which disappeared many years ago taking with in all my records silly me no backup .

I need some help in trying to sort out purchase dates and prices etc so that I can do the CGT on sales .

Can anyone suggest a good company / broker firm that could track all this info down for me.

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YHL - Yanghao International

Gee, I'm glad we don't have to rely on stocks like this to make money:D. I originally looked at the Preliminary Final Report that was released to the market today but I think even the experts at the summit of success would have their work cut out on predicting where this stock is going.



However, someone bought nearly $20,000 worth of shares @30c each - (200%) more than the last transaction.



Maybe someone(s) would like to inform us what they think is going on here;)



The PFR can be read at this link - http://ift.tt/1q2AIiU



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Attached Images

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the important fx news 1-9-2014

Upcoming important economic announcements (New York time): 8/31/2014



9:00pm EST: China – Manufacturing PMI

9:45pm EST: China – HSBC Final Manufacturing PMI



9/1/2014



4:30am EST: Britain – Manufacturing PMI

9:30pm EST: Australia – Building Approvals m/m

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The USDCAD analysis

The USDCAD completed a 50% retrace of its last major up move last week, ending the week by forming a bullish fakey pin bar combo buy signal that shows rejection of that 50% retrace level as well as a support level near 1.0820 area. If price holds above that 1.0820 – 1.0810 support this week, we could see a move higher from this fakey / pin bar buy signal and a resumption of the recent up trend. Traders could consider a ‘tweaked retrace entry‘ if price rotates down to about the 50% level of Friday’s pin bar.

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AUD/USD analysis 1-9-2014

n our August 28th commentary, we discussed the potential for a blind entry up near 0.9374 key near-term resistance that was offered last week as price ran into that level. This week, if the AUDUSD stays contained under 0.9374 – 0.9400 resistance on a daily closing basis, we could see price fall lower.

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EURUSD analysis 1-9-2014

he EURUSD lost significant ground the last two months, as we can see in the monthly chart below. There are no signs that this recent bearish trend may be coming to an end any time soon, so we want to trade in-line with that trend in the days and weeks ahead. Traders should continue watching the daily and 4 hour chart for price action selling opportunities, ideally after a retrace back to resistance. Note, the key upcoming support levels as seen on the monthly chart below, near 1.2750 and further below near 1.2050, if this bearish trend continues we wouldn’t be surprised to see price test these key chart levels in the coming weeks and months.

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