Probably, USD has stopped its retreat

USA

EURUSD

The pair started the week and continued its serious growth trend, but it could not keep this pace, having stumbled on Thursday. As a result, Euro dropped from the resistance area around 1.0760 almost by a figure. However, dollar bulls could not use the situation to the full extent: the pair stabilized and ended the week a bit above 1.07, actually where it has started the week. On the back of the above process, there was another series of highs renewals of the US stock indices. Continue reading

Dollar is returning to its usual ranges

USA

EURUSD

EURUSD reached the area of 1.07 during trades last week. The chances for stable growth even higher are much bigger in the second attempt. The downtrend of the pair faded at the end of December. The renewal of many-years lows at the beginning of January, probably, turned out to a desperate attempt of bears to accelerate their attack, but it failed. Rally of dollar and stock markets caused by Trump’s election was quite significant, and now the serious correction is obvious, otherwise dollar and stock markets would need an important reason to continue growth. Continue reading

Dollar bulls are fixing profits

Bulls vs Bears

EURUSD

Low liquidity before the New Year holidays allowed euro bulls at some point to push EURUSD above 1.0650. The year closed above 1.05. However, the start of trading in the new year was marked by restoring of dollar positions, and the pair renewed 14-year highs. Meanwhile, the pair traded again above 1.0550. They cannot highlight any impulse for such dollar weakening. This is only the profit fixing by big players after two months rally of the American currency. Continue reading

The week of benefit events by Central Banks

Central Banks

EURUSD

EURUSD started off on the wrong foot the last week obviously. From the very beginning the bears rushed to fight for 1.0850 mark. Later, on Tuesday, they repeated the attack but bulls has managed to keep the key mark, postponing the battle for trend. Most probably, the current or the next week will be vital for the pair’s trend. The new week brings such key events for the US dollar as Fed Reserve meeting and October employment report. Continue reading

Aussie retreated before dollar

Australia

EURUSD

The pair continues to grow but its pace looks more like creeping. Yesterday the pair managed to accelerate and reached 1.1340 but it returned to its main trend by the end of the day, having dropped below 1.13. Now again the trades are going on above that line, while investors are not in a rush to extremely stress statistics from Europe before FOMC comments on monetary policy. But here they should pay attention to more than expected indicators from Germany. Continue reading