Mounting pressure of dollar-bulls

By GG Analyst in Reviews 0 Comment

EUR/USD

The pressure of USD is getting harder to resist, but the euro seems to cope well with it. Profit-taking in stock exchanges and easing of the situation with the overbought market contributed to decline of US indices , but at the same time aroused demand for dollars. The US currency grew against most of its counterparts yesterday. EURUSD lost about 20 pips, closing the day at 1.3857, while during the day it went as low as 1.3830. Albeit small, this pullback can lay the basis for further growth, as buyers of the single currency and stocks can again appear in the more…

USD may get its way

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD was carrying itself well for the most part of the day and only during the US session it began to pull back. As was mentioned yesterday, the euro and the dollar are seen by investors as equally safe before the threat of Russian intervention into the Ukraine. Although in long term the euro is negatively affected by the crisis in the East, in short term the pair is primarily influenced by the economic statistics of Europe  and the USA. Yesterday Final Manufacturing PMI for the eurozone was released. Its rate proved to be a bit higher than the preliminary one, more…

Changeable fortune

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro got a hard blow yesterday, losing 90pips during the day. The selling was caused by  Coeure’s speech, which pointed out that the BOE’s officials seriously considered setting a negative deposit rate at the last meeting. Besides, we shouldn’t forget about technical factors. The pounds growth triggered by the BOE’s comments broke the short-term uptrend in EURGBP, which eventually spilt over into selling of the euro against the pound, observed in other pairs as well. The euro’s pullback finally brought the currency back into the downtrend, which has already been frequently mentioned in our reviews. Before that on Tuesday  we more…

EUR is a step off 1.37

By GG Analyst in Reviews 0 Comment

EUR/USD

The US dollar keeps depreciating as demand for risky assets is growing. As before the risk demand spurs across-the-board depreciation of the dollar and renders great support to commodity prices. EURUSD managed to get above 1.3650, where from it slipped down at the end of January. Then the pair felt pressed due to expectations that the ECB would soften the monetary policy considering inflation easing. As it turned out, all in vain. The ECB doesn’t seem to hurry with easing of the monetary policy, referring to improvement in the performance of the eurozone. Moreover, one of the main threats of the more…

Modest attempts of EUR to grow

By GG Analyst in Reviews 0 Comment

EUR/USD

The Asian markets are making slight attempts to recoup the losses, while the US exchanges are balancing in indecision. The indices have fallen by 5% from their high, but yet don’t rush to pull back, preferring to wait for the US employment statistics first. In regard to EURUSD we can see the formation of a modest uptrend. Having opened at 1.3510 on Wednesday, it closed near 1.3530, yet the intraday low and high were above the corresponding rates of the previous day, and those in their turn were higher than Monday’s rates. This modest tendency can be attributed to the market’s more…