Dollar won back its part, Euro’s turn now

By GG Analyst in Reviews 0 Comment

EURUSD

Dollar was defending itself last week. Growth impulse after Trump’s rally was losing its power. The potential for dollar growth on the higher chances for the rate raising by the Fed Reserve won back (they are sure 100% about December rate increase) even with the gap, since they include 50% chances for two more raising in 2017. Meanwhile, stock markets continued to grow on the expectations of public spending increase, and did not consider the policy tightening as a threat for upwards movement. On Thursday and Friday the market gave a formal reason for dollar selling, which used dollar bears quite more…

Carry –trade is ruling the markets again

By GG Analyst in Reviews 0 Comment

Carry-trade

EURUSD

The pair is trying desperately to keep stable after it reached the important support level, which managed to withstand multiple bears’ attacks in 2015. However, on Wednesday, which had the full American session on this week, the bears made attempt to press in the important levels. Eventually, EURUSD decreased till 1.0510. The important thing is that the main driver of pair’s weakening was escaping to risky assets. Due to the above, the common currency was losing its attractiveness, as during last years. On Thursday and Friday the trades were not so active, so the markets were fixing profits from the beginning more…

Dollar is keeping rising on Forex

By GG Analyst in Reviews 0 Comment

USD

EURUSD

EURUSD is losing 2.5 figures the second week in a row. The US dollar was continuously growing against currency basket during 10 last days. It’s hard to find a period when the US dollar was growing so constantly, though the movement scope is rather far from the historical maximum swing. But such movements hide inside the biggest danger. The USD demand, during 2008 crisis, was caused by the liquidity issues, so it was solved comparably simple through supply of the USD liquidity. And now, the dollar is increasing due to the fundamental reasons – on the expectations of tougher monetary policy more…

Trump cannot stop the trend

By GG Analyst in Reviews 0 Comment

Donald Trump

EURUSD

Victory of Donald Trump in the president elections caused the volatility splash on the markets, but had not affected key trend at all. Those bears, not forced out by EURUSD three figures takeoff, probably, are feeling great now. The pair is developing its decrease inside the downtrend, breaking on its way the short-term support levels. On Monday opening the support, existing since the end of January, around 1.0850-1.0800 area was broken. In spite of the short-term risks of profit-fixing, the common downtrend, targeting 1.0500, is still active though they should be cautious at the 1.06 level, since the probability of the more…

Trump hangs over Dollar

By GG Analyst in Reviews 0 Comment

Donald J. Trump

EURUSD

Last week the US dollar was under pressure as the news appeared: Trump is cutting his lagging from Clinton. The perspectives of winning by this representative of the Republicans cause the market fever and strengthen the attractiveness of the safe-haven assets. Hence, EURUSD got the double push: caused by deleverage on financial markets and due to the common weakness of the American currency. However, the weekend brought important (as the markets think) reverse: FBI exculpated Clinton, and moreover, the surveys are showing she stopped losing her positions and her raking started to go up again. This all resulted in EURUSD opening more…