EUR got stuck in the corridor

By GG Analyst in Reviews 0 Comment

EUR/USD

In the absence of any significant news trading in the markets is usually nervous and technical levels of support and resistance become particularly important for traders. Since neither Europe nor the USA didn’t publish any important statistics yesterday and are not going to release any today, the market, being left to itself, is drifting in the corridor of 1.3300-1.3370. This range can’t be called very narrow, but note that since the end of Thursday the market has jerked to its bounds and stayed there for a while, preferring to return to the area between 1.3325 and 1.3355. As there are no more…

Non-US assets are getting more popular

By GG Analyst in Reviews 0 Comment

EUR/USD

The second half-year in the markets will apparently be different from the first one. Earlier this year we observed acceleration of the dollar together with the growth of the US stock markets. Now it seems that despite the time for the Fed to  start the stimulus rollback is getting nearer, the USD is depreciating against most of its rivals and the US exchanges lack buyers. Aren’t the US assets attractive when the Fed is so close to policy toughening? They ARE attractive, but not against oversold EU assets. According to an old observation, economic improvement in the USA is often half more…

EUR may repulse USD

By GG Analyst in Reviews 0 Comment

EUR/USD

Just as had been supposed in our yesterday’s review, the dollar kept putting on weight in the absence of important news and big trading volumes in Forex. In such conditions trading was held with that cautious mood which had formed during the Asian session, when the markets had been reacting to the disappointing GDP statistics for Japan. As a result, the lowest point was reached in the heat of the EU session and EURUSD was falling as low as 1.3276, which is about 70 pips below Friday’s close. By now the single currency has managed to recoup a part of the more…

USD stopped falling for a while

By GG Analyst in Reviews 0 Comment

EUR/USD

As had been supposed, there was no important news on Friday, so the market was in the profit-squeeze mode after quite a good rally earlier in the week. During the correction EURUSD fell from the area around 1.34 (Thursday’s high) down to the levels below 1.3320 (on the opening of this week’s trading and now). To some extent the modest performance of the single currency can be explained by weakness of the Asian exchanges, which have dropped down to the six-week lows.  Actually, there’s nothing left for EUR to do but react to the information coming from the outside, as there more…

So the last will be first

By GG Analyst in Reviews 0 Comment

EUR/USD

The dollar keeps getting weaker. It’s depreciating against all those currencies, which were the weakest in the first half year. Anyway, EURUSD is also distinguished by growth. Yesterday the bulls managed to “probe” 1.34. The pair was that high as far back as the middle of last June. Earlier we mentioned it more than once that the pair shouldn’t have any problems with breaking through this level. It’s even possible that the bulls will push the pair up to 1.36, which corresponds to the annual highs, but the further prospects of the pair depend on lots of factors, the majority of more…