EUR is among safety assets

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the stock markets suffered a hard blow. The worn-out exchanges of the developing countries were knocked down. Most of them lost more than 2% over the day. Now we have quite an unpleasant situation on hand. The US Fed ignored the warning signals of the slowdown in the business activity and cut the QE programme last week. Thus, the markets are now sure that the only thing which can prevent the Fed from taking a similar step in the future is utterly disappointing statistics from the USA. Against this background the US investors, anticipating further cuts,  very painfully reacted to more…

AUD got a chance of consolidation

By GG Analyst in Reviews 0 Comment

EUR/USD

The US stock markets are still suffering heavy selling. Bulls are retreating not only because of the expectations of QE reduction from the Fed, but also because of the unimpressive corporate reports. Index futures have an opportunity for a respite only when the US trading session is over. It was yesterday and the same movement we can observe today. The euro/dollar keeps ignoring fluctuations of stock indices, which is not typical of this pair. Yesterday the currency made another attempt to find demand on growth. The attempt proved to be futile, the pair was turned around straight above 1.37 with the more…

It’s all USD’s fault

By GG Analyst in Reviews 0 Comment

EUR/USD

The pair got support on the strong stats from Europe and relatively poor data from the USA. Yesterday’s PMI helped the single currency get off the lower bound of the range, forming since the beginning of the week. The index pointed out strengthening of business activity in the eurozone. And what’s important not only in Germany, but also in other countries. But afterwards dollar bears fastened on the continuing claims index, which has been on the rise for the last three weeks. Except for one week in July, distorted by the holidays, the last time unemployment claims exceeded 3.06 million was more…

EUR: about to reverse

By GG Analyst in Reviews 0 Comment

EUR/USD

Probably, it is too early to speak about this, but it seems that the euro/dollar has just reversed. In October and December the single currency unsuccessfully tried to break through 1.38 against the dollar. And if there were some grounds for the former, the latter rise took place amid low volumes in the thin holiday market. The main target of such an ascent is to wash out shorts, which usually precedes a real reversal. It’s a kind of the bulls’ last attack or chasing for stops. Since the beginning of the year the stress has been laid on the rational strategy more…

Friday’s fall of the dollar – is it a signal?

By GG Analyst in Reviews 0 Comment

EUR/USD

The upward move, which we described in our Friday’s review, was just the beginning of the drama that developed further. The single currency didn’t have a single black candlestick till 13 GMT, closing positive all the time. As expected under such conditions, the following upsurges were stronger than the preceding ones. The pair got exhausted already at 1.3891. By then it had already made 70 pips in one direction and almost 30pips in the opposite one over 15 minutes. Technically, these are the highest levels since late 2011. And from a strictly technical point of view, Friday’s move opens the way more…