Aussie upstream flow was not long

By GG Analyst in Reviews 0 Comment

Оссси

EURUSD

The pair is stuck in the range of 1.1350-1.1400. On one hand, it is under pressure of common feeling for the USD growth, but at the same time, the pair is supported by assets escape, especially visible in Asia. We still forecast more negative risks for the pair. During the last growth impulse last week of March EURUSD reached the highs of the middle of October and it can be currently under short-term pressure. But we cannot exclude either the longer decline wave since the pair has hit the long-standing and relatively strong resistance area. Apart from the strong American data more…

The dollar could not grow on payrolls

By GG Analyst in Reviews 0 Comment

Payrolls

EURUSD

Employment indicators from the USA managed to help the American currency in the short term. After quite unusual growth of the pair by 70 points before the release, EURUSD affected by the good statistics from the USA has dropped by 10 points at 1.1330, but it finished the week at 1.1390 showing increase by more than 2 figures. Probably, investors lean towards selling other assets versus USD rather than EUR. Though, Friday reaction could be just reflection of market model that was dominated in the first quarter, meanwhile other assets could have the profits fixation from the expectations of the USD more…

EUR and GBP are moving in different directions

By GG Analyst in Reviews 0 Comment

Gold

EURUSD

The pair touched yesterday 1.14, and some traders decided to fix their profits. However, today bulls again are trying to climb higher than that level. Such activity of the market players is rather unusual. More often before the USA employment data are released markets behave very quiet focusing on the upcoming news and lately blowing the chosen trend with the total strength. Nevertheless, last months have shown that employment data from the USA losing its big influence, not affecting huge bouncing on stock and Forex markets. The reasons of this are not in the underestimation of the data but in the more…

Will Yellen become a “hawk”?

By GG Analyst in Reviews 0 Comment

Janet Yellen

EURUSD

Household spending from the USA woke up market participants. Spending of Americans grew in February by 0.1% that is two times less than expected rise and is reflecting January declining tendency. Prices as well could not beat the expectations. Core PCE, the preferable inflation measure of Fed, has added 0.1% monthly after January increase by 0.3%. Though, forecasted increase was 0.2%. Annual growth rate remained the same – 1.7% y.o.y. while the forecasted growth was up to 1.8%. Personal earning continued to increase adding in February 0.2% after raise by 0.5% a month ago and by 0.3% during 3 months in more…

Dollar returns its levels

By GG Analyst in Reviews 0 Comment

EURUSD

The pair continues its slow upward movement. Market analysts emphasize that Federal Reserve officials insist on two rate increases against “less than one” during this year that is factored into interest rate futures quotes now. Though, remarkably steady downtrend of the pair after peaks on March 17 is visible from the first sight to the chart. Non-exchange character of Forex doesn’t allow us to assess the volumes that came through this decline. But we assume they were quite significant.
Federal Reserve actually did not change its course, while ECB widen its QE program and decreased the rates. That means they created good more…