Stocks exhaled and USD grew up a little

By GG Analyst in Reviews 0 Comment

EUR/USD

Putin toned down his rhetoric concerning the Ukraine and withdrew the troops back to the base, ending the training exercise. The markets breathed a sigh of relief. In the beginning this news provoked growth of EURUSD on the recovery of demand for risky assets. But since the pair wasn’t sold heavily on escalation of the conflict, it wasn’t purchased much after it had eased. The pair managed to rise to 1.3780 from the daily low of 1.3720. Besides, the US S&P 500 hit a new historic high and the Russian stock exchanges recouped half of Monday’s losses. Why not all? Because more…

USD may get its way

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD was carrying itself well for the most part of the day and only during the US session it began to pull back. As was mentioned yesterday, the euro and the dollar are seen by investors as equally safe before the threat of Russian intervention into the Ukraine. Although in long term the euro is negatively affected by the crisis in the East, in short term the pair is primarily influenced by the economic statistics of Europe  and the USA. Yesterday Final Manufacturing PMI for the eurozone was released. Its rate proved to be a bit higher than the preliminary one, more…

Investors seek refuge, disregarding EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

Escalation of the Ukrainian crisis has put severe pressure on the Asian exchanges today. Investors are looking for safe assets, trying to minimize risks of the expanding conflict in the Crimea. The question about safety of this or that asset is really acute now. Let’s dwell on this today. In Forex the yen and franc are in primary demand. Besides, Gold and Oil are purchased quite well. The US stock futures have come off their historic highs. This movement isn’t large-scale, but this reflex impulse looks very revealing. The market sentiment about the EU currencies has changed. The euro and pound more…

Temporary retreat of USD

By GG Analyst in Reviews 0 Comment

EUR/USD

EUR continued its upsurge yesterday. After a futile attempt to take the pair below 1.36 on Thursday morning, it shot up by almost a figure. Last night there were other attempts to reach 1.37, which also failed. The bullish mood of the market is seen in the decreasing pullbacks after reaching the upper mark. It is largely a consequence of the generally positive mood in the stock exchanges, where the US and EU assets are in good demand. Our downtrend has been finally broken. Now the euro/dollar is trading mainly flat, judging by the line of resistance. The support line, on more…

Changeable fortune

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro got a hard blow yesterday, losing 90pips during the day. The selling was caused by  Coeure’s speech, which pointed out that the BOE’s officials seriously considered setting a negative deposit rate at the last meeting. Besides, we shouldn’t forget about technical factors. The pounds growth triggered by the BOE’s comments broke the short-term uptrend in EURGBP, which eventually spilt over into selling of the euro against the pound, observed in other pairs as well. The euro’s pullback finally brought the currency back into the downtrend, which has already been frequently mentioned in our reviews. Before that on Tuesday  we more…