EUR to be talked down

By GG Analyst in Reviews 0 Comment

EUR/USD

The brief disappointment with the poor French statistics and further enthusiasm aroused by the German and EU data made yesterday’s European session quite volatile. After the release of the French data EURUSD tumbled down to 1.38, but then within an hour it grew by half a figure. However, bulls failed to hold even this level. By the end of the day the pair still slipped down towards 1.3815. After 10 days of flat trading the single currency seems to react more nervously to the news, but yet has enough strength to return to its former levels. It is all about absence more…

AUD tumbles down on low inflation

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro survived the bearish pressure. The support rate of 1.3790 held out, thus preventing a chain reaction in the exchanges and triggering of stop orders. Today we expect the release of April’s Flash PMIs, which makes the day really  important for the euro. According to the consensus forecast, the rates will generally remain unchanged in the eurozone, but are likely to grow in Germany. The services sector, in the meantime, is expected to show acceleration in all the key points. In other words, investors look forward to further extension of the recovery, which usually spreads from manufacture to the services more…

Volatility down

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the players stirred the market just a little, leading EURUSD beyond the ranges of Friday.  In the low-volume market the pair still rose to 1.3829, but then came under pressure and went down to 1.3790. Apparently, the market players aimed at hitting the stop-order levels, thus causing intense volatility with low volumes. However, in general the market remained within the range and now trading has stabilized at 1.3800. This day doesn’t promise to be volatile either as the only important release scheduled for today is that on Existing Home Sales in the USA. It is expected that the latter will more…

EUR won’t surrender 1.38 to USD

By GG Analyst in Reviews 0 Comment

EUR/USD

The favourable economic data together with a series of positive corporate reports again draw investors’ attention to the US assets. But if it looks like a true return to the traded ranges for stocks and increases the chances of hitting new highs in S&P 500, USD unfortunately can’t boast any significant dynamics. EURUSD doesn’t have a reason even to go below 1.3800, sticking halfway. To convince the dollar-bulls in the earnest nature of intentions the week should be closed below 1.3700, which will completely make up for the growth in the previous week. But it is very unlikely as today the more…

Yellen against USD

By GG Analyst in Reviews 0 Comment

EUR/USD

USD has been falling after Yellen’s words about ‘continuing commitment’ to economic support from Fed. It means that Fed’s governor remains dovish, just like at the end of the previous year. This softness anyway didn’t break the trend for tapering, set by another ultra-dove, Bernanke. In effect Yellen said that the threat is posed by deflation rather than inflation. In reaction to this comment EURUSD returned to 1.3840 during the Asian session. It is even possible that the growing energy independence of the USA is playing a crucial role here. The thing is that in the 2000s the global economic growth more…