Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
Trading news
Back
18 Apr 2014

EUR/USD ends the week lower

FXStreet (Córdoba) - The EUR/USD corrected lower this week and is on track to close with losses, having retreated from levels above 1.3900 scored last Friday.

The EUR/USD slowly pulled back from above 1.3900 to bottom out at 1.3789 and settled in a range over the last sessions, closing the last 3 days almost unchanged. At time of writing, the EUR/USD is trading at 1.3816, on track to post a 0.47% weekly loss.

Next week, the US will release a string of housing sector figures along with durable goods orders data.

EUR/USD levels to watch

In terms of technical levels, immediate resistances could be found at 1.3822 (Apr 18 high/100-hour SMA), 1.3863 (Apr 17 high) and 1.3882 (Apr 11 closing price). To the downside, supports are seen at 1.3796 (21-day SMA), 1.3782 (50-day SMA) and 1.3736 (Apr 8 low).

EUR/USD technical outlook

Valeria Bednarik, chief analyst at FXStreet, noted that the daily chart shows the EUR/USD remains above the long term daily ascendant trend line coming from 1.2755, July 2013 monthly low, around 1.3750 for the upcoming week. "As long as above this level, risk to the downside remains contained, while below the pair may attempt a test of the 1.3640/60 strong static support zone. But it will only be with a break below this latter the pair will lose its upward potential".

"Weighted by words, the pair failed to close the weekly opening gap as said before, still waiting there in the 1.3890 price zone: it will take a price acceleration above this last to confirm a retest of the year high in the 1.3966 region, while once above market will be looking to test the critical 1.4000 level".
Apr 18, 2014

Latin America EM Express: Chile's central bank holds rates steady in April

Chile's central bank held its monetary policy meeting on Thursday, during which it decided to keep the main interest rate unchanged at 4%, in line with forecasts. The recent pickup in inflation was the main reason for staying on hold.
Read more Previous
Apr 21, 2014

Ukraine crisis: Pro-Russian forces defy calls to disarm

The fluid situation in the Ukrainian crisis continues, with pro-Russian protesters in eastern Ukraine not accepting the pleas to disarm, in what could be understood as an act of rebellion against the Kiev government, who has recently toned down its aggressive rhetoric on military action for the sake of seeking a more diplomatic solution.
Read more Next