False optimism

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the market didn’t hurry to stop a retracement. The single currency continued its upward trend against the dollar and hit a new local high at 1.28. Then, just like a day before, the pair moved off the maximums and took up a defensive position. Today we see systematic purchases in the pair, very cautious at the moment. But it can be just the beginning. We still believe that the euro’s attempts to recover this week resulted from the technical short-squeeze and retracement after the large-scale selling since the second half of October. Our opinion is confirmed by the fact that more…

Buying the dips

By GG Analyst in Reviews 0 Comment

EUR/USD

Within the last 24 hours the single currency has left the zone of 1.31. Late on Thursday evening EURUSD was as low as 1.3050. Those, who stick to technical analysis in their trading, suspect that the pair can form a double top, and this is not without reason. On Wednesday the euro tried to break above the previous highs, however the bears repulsed the attack. In the long term, we believe, the single currency is in no danger, but still we shouldn’t expect that growth will be without stops and retracements. One of such, apparently, was yesterday. Though the bulls felt more…

Globe Gain welcomes AFB FX among its partner-brokers.

By Admin in Company news 0 Comment

Globe Gain is happy to announce listing of one more reliable Forex broker – AFB FX.

AFB FX LTD is a leading broker of the Forex industry, headquartered in Limassol, Cyprus and regulated as a financial investment firm by CySEC and MiFID. With AFB FX you are sure to enjoy access to a wide range of global financial markets (primarily currencies, metals, commodities, CFDs and futures), cutting-edge technologies ensuring easy, comfortable and fair trading, a variety of supporting trading tools (streaming market news, educational materials, daily market analysis) and professional customer support.

Markets take a respite?

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro/dollar formed a double top when trying to break through 1.3170 for the second time in the last two trading days. Is it the start of a reversal? Well, probably, but most likely it’s just profit-taking after the significant growth. From the lows of July the single currency has risen against the dollar by 11 big figures. Moreover, the move from 1.26 to 1.31 has happened just within six trading days. Of course, after such a rally the market needs to come round. The caution in relation to the further demand for risk comes as a result of the active more…

Good that Draghi won’t attend Jackson Hole symposium

By GG Analyst in Reviews 0 Comment

EUR/USD

It’s amazing that the news about the absence of Draghi and other members of the governing board at the symposium in Jackson Hole should give so much help to the single currency. Anyway, there is a core of sense. Draghi is said to be busy drawing up a plan of Europe’s bailout. But being honest, most of the time is of course spent on searching for the compromise and arguments in favour of further expanding of the ECB’s balance sheet. It is very likely that Draghi and his followers are trying to persuade that it’s not the best variant to reply more…