EUR flew up on Draghi’s inertness

By GG Analyst in Reviews 0 Comment

EUR/USD

Draghi’s press-conference sent the euro much above 1.38. The single currency is now trading at 1.3850. Excluding a short-term upsurge of the pair in December, the pair was that high only in November 2011. Technically, growth of the pair isn’t likely to face any serious resistance right up to 1.4250. The spring triggered and pushed the pair up by over a figure in a couple of hours. It should be mentioned that the upsurge began 45 minutes before the press-conference, which means that the markets presupposed a possibility of the rate cut or measures to increase liquidity in the region. It more…

EUR isn’t allowed above 1.3750

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday we witnessed a fierce fight between bulls and bears. The latter thwarted three attempts to push the pair below 1.37. The former failed to raise the rates above 1.3750. However, both the camps seemed to spare their strength before the important end of the week. Today the main event for the euro/dollar is a press-conference of the ECB head after the regular monetary policy meeting. As has been mentioned earlier, despite the economic recovery the eurozone still needs incentives. In this connection we supposed that when an opportunity came up, that is when inflation slowed down and the  situation with more…

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…