Sterling has punished bears

By GG Analyst in Reviews 0 Comment

GB Pound

EURUSD

As a whole staying in the trading range the pair is trying to form the growth attempt the third day in a row. Recently it bounced to 1.1460 but very soon returned back to usual levels – around 1.1420. This movement was just a small shade of the USD weakening against other currencies during recent trading sessions. Growth of EUR against USD caused partly by low statistics from the USA that pressure American markets and supported to some extent by USDJPY dropping. However, such theory opposed by quite optimistic attitude of the primary markets and confident behavior of most currencies. This more…

Canadian dollar returned back below 1.30

By GG Analyst in Reviews 0 Comment

Canadian Dollar

EURUSD

The main currency pair on Forex continues its boring movement within side channel. Still traders cannot find reasons for a trend – positive or negative. Mainly, such passive attitude is explained by interesting movement of other currencies as well as absence of news-drivers for the market. However, it means that markets are generating power ahead the new sharp movement. We just have to understand which side movement is most possible, and where we will have only speculative trades. So, Friday news on wholesale inventories and sales caused the re-estimation of the USA GDP growth to declining. Now the leading investment banks more…

The week is stormy not for everyone

By GG Analyst in Reviews 0 Comment

Quotes

EURUSD

Euro continues moving around 1.14 with the support at 1.1350 and resistance near to 1.1410. This week was not full of important macroeconomic reports, therefore many traders were waiting for volatility caused by Yellen conference with her forerunners as FRS Chairs – Bernanke, Greenspan and Walker. This speech was less dovish than the previous but not that much dovish to fluctuate dollar. We did not receive any reasons to reconsider rate expectations. The pair could not break the trading channel. Probably, traders were concerned more about other markets and have forgotten about common currency. We can emphasize some good news from more…

The main issue of the Pound

By GG Analyst in Reviews 0 Comment

GBP Brexit

EURUSD

Last 24 hours Euro is moving rather nervously. Yesterday, slipping back to 1.1320, the pair unexpectedly rallied up and managed to reach 1.1430 in the middle of the American session. By the end of the day Euro remained below 1.14 level, though today bulls made one more attempt to attack the price and the pair for some time has jumped up to 1.1450 – the highest level since October,15. But in a couple of hours again it was at 1.1350 level. If we look above those wild bounces we can easily notice that as a whole trading of EURUSD is going more…

A creeping dollar

By GG Analyst in Reviews 0 Comment

Bull-NYC

EURUSD

The pair is slowly sliding down, recovering the previous growth and formatting the expectations for the further more serious turn. The possibility of such scenario will rise when (and if) EURUSD breaks the support line of the climbing channel that appeared at the beginning of March. Currently, there is a threat that pair will drop below 1.1300, 50 points lower from the current prices. However, it is difficult to find among macroeconomic news the only one, which is strong enough to move market from the current trend. Strong data from the non-production USA sectors in March influences market less than usual more…