Aussie upstream flow was not long

By GG Analyst in Reviews 0 Comment

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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…

Yellen cuts growth attempts of USD

By GG Analyst in Reviews 0 Comment

EURUSD

EURUSD

Yesterday Yellen stopped dollar’s slow strengthening. After her speech USD started declining in many market. Eventually, EURUSD is again close to 1.1330 – the highs caused by comment after March FOMC meeting. It’s not clear yet if the pair is going to pass this level but Federal Reserve, obviously, wants to weaken the dollar. Moreover, Fed Chairman has started her speech naming the risks of China’s economy slowdown. And market analysts started joking that Federal Reserve became dependant on Chinese data instead of previously dependency on the US data. Though, apart from the pressure instruments on their own currency, FRS has 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…

GBP suffers again from Brexit

By GG Analyst in Reviews 0 Comment

EURUSD

Yesterday the pair got the blow as a result of the terrorist attack and obviously low economic indices. In spite of the fact that Ifo indicator was better than expected and reached 106.7 level, its movement looks more like rebound from the last month lows rather than real trend turn. Meanwhile, German Manufacturing PMI decreased from 50.5 to 50.4 and could not reach the forecasted of 50.9. The same French index has fallen below 50 for the first time since last August, appearing now at 49.6 though predicted level was 50.2. Economic sentiment as well could not show investors delight more…

Euro declines without news

By GG Analyst in Reviews 0 Comment

EURUSD

As before Federal Reserve’s announcement about interest rate, pair EURUSD slowly declines without news releases. The reason is the demand growth for risky assets that encourages borrowings in EUR which stands as a funding currency. Though, it’s important to realize that scope of Euro weakening is less than the two previous escalation impulses caused by ECB and FRS. To boost selling of common currency market participants, probably, willing to have more heavy reasons that will create bearish approach for euro. This is blocked by the confidence of the market that interest rate will reach the lowest boarder received as hints from more…