Forex Trading Signals: February 2015

"If you trade EUR against the USD in 2015 don’t expect something more than Bear Market Rallies"

□ Market: Foreign Exchange

□ Assets: EURUSD, USDJPY, GBPUSD

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Forex Market Outlook for 2015

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TCI Forecast on EURUSD, USDJPY, and GBPUSD

The Trading Center Indicator (TCI) is a unique technical analysis tool developed by TradingCenter.

Here are the TCI readings for EURUSD, USDJPY, and GBPUSD

• On January 23, 2015, the TCI for EURUSD showed -11.43%, one of the lowest readings for EURUSD in the past 15 years.

According to TCI, the EURUSD reaction was rational.

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Foreign Exchange Statistics

Here are the Statistics for EURUSD based on 13.5 years of research by TradingCenter.

🔗 Link: » More Statistics Here

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Important Foreign Exchange Market Updates

Here are some important news and events:

● Forex market volatility has increased sharply over the past few months.

● US GDP grew by 2.6% annually in the fourth quarter of 2014.

● US consumer spending rose 4.3% in the fourth quarter of 2014—the fastest growth since the first quarter of 2006.

● The University of Michigan’s final January 2015 consumer sentiment reading was 98.1, the highest since January 2004.

● Chicago PMI increased to 59.4 in January 2015, up from 58.8 in December 2014.

● Benoit Coeure, ECB Executive Board member, said the ECB will review its bond-buying program in 2016 and is ready to do more to raise inflation if needed.

● Eurozone’s final manufacturing PMI for January 2015 was 51.0.

● The leftist Syriza party won the recent Greek elections and plans to renegotiate Greek debt. Note that 75% of Greeks support staying in the Eurozone, while 62% of Germans want Greece to remain in the Euro.

● 2015 is an election year for the UK, Portugal, and Spain. Leftist parties are gaining ground in Spain.

● Japan’s final PMI for January 2015 was 52.2, slightly higher than December’s 52.0.

● BoJ Governor Haruhiko Kuroda said he does not believe the weaker yen is hurting Japan’s economy and prefers the yen to move steadily based on economic fundamentals.

● Falling oil prices are pushing inflation lower worldwide. Deflation in the Eurozone causes problems by reducing consumer spending. Low inflation also makes it harder to use monetary policy effectively since interest rates are already very low. As a result, loose monetary policies are expected to continue globally.

	UNITED STATES	EUROZONE	JAPAN	UNITED KINGDOM
CPI DEC 2014	+1.30%	-0.20%	+2.40%	+1.0%

  

■ Free Forex Trading Signals: EURUSD, USDJPY. GBPUSD

George Protonotarios, Financial Analyst

TradingCenter (2015)