Federal Reserve started the wave of USD weakening

By GG Analyst in Reviews 0 Comment

USD

EURUSD

The American Fed Reserve managed to cause weakening of its own currency. On Wednesday dollar turned downwards that reflected in EURUSD rise to 1.1250 area on Monday. The same levels are highs of the previous two weeks. Moreover, the current levels are close again to the resistance line of the downtrend, which turned the pair in August and September. Hence, the current marks represent important resistance area. Now it will not be easy for the dollar to turn back to growth, since the key event – Fed Reserve meeting – has shown not that firm attitude of committee members as expected more…

USD demand will occur before Fed meeting

By GG Analyst in Reviews 0 Comment

USD

EURUSD

During last week, the main currency pair in Forex was moving around 1.1250. Decline of retail sales in August, lower than expected, caused temporary drop of dollar, while EURUSD grew to 1.1280 area– the high since September 9 – for a short period. The core sales decreased by 0.3% after growing by 0.1% a month before and decline expectations by 0.1%. There were enough buyers of the American currency, who returned everything to the place by the end of the day. Already then, the markets showed the unwillingness to sell dollar shortly ahead September FOMC meeting with the results release on more…

Market is still flat, no trend yet

By GG Analyst in Reviews 0 Comment

Waiting for trend

EURUSD

Last week Euro again could not steadily take 1.13 level. Although, there are still no reasons for decline. On Thursday and Friday the important US data will be released. Thursday retail sales data may be this time more important than inflation. The latest will doubtfully make sharp rise towards Fed’s target. Annual inflation in July was 0.8% and it will take long way to 2.0%. Currently markets realize only 15% probability of rate rising on the next week. Earlier Federal Reserve was trying not to surprise markets and act along with the expectations, as a whole. It is unlikely that strong more…

They bought back Dollar on weak Payrolls

By Admin in Reviews 0 Comment

USA

EURUSD

During last week, trading was focused around expectations of labor market news from the USA. The officials can change earlier access to some information, so they were waiting for the strong employment data. Hesitations about it appeared along with the release of the US PMI. The index dropped below 50, reflecting lack of activity in August. Car sales as well could not bring some joy, so dollar was under pressure and EURUSD returned to the area 1.1200. For the previous four days the pair crept down to 1.1100, but could not to break it lower. Weekly unemployment claims as well supported more…

Three global scenarios for EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD

The common currency was trying to fix itself above 1.13 level several times during two previous weeks. Bulls managed to accelerate the pair highest possible up to 1.1360, but the key resistance at 1.14 remained unreachable. Extremely low volatility on the markets until Friday explained by hints expectations from the Fed about chances of soon rates rising. Yellen’s speech about possible September rising could not convince markets. However, Fisher, Fed VP, has commented that the words of his Chief they should consider as a hint for the possibility of the rate rising in September. This revelation brought to the markets a more…