EUR flew up on Draghi’s inertness

By GG Analyst in Reviews 0 Comment

EUR/USD

Draghi’s press-conference sent the euro much above 1.38. The single currency is now trading at 1.3850. Excluding a short-term upsurge of the pair in December, the pair was that high only in November 2011. Technically, growth of the pair isn’t likely to face any serious resistance right up to 1.4250. The spring triggered and pushed the pair up by over a figure in a couple of hours. It should be mentioned that the upsurge began 45 minutes before the press-conference, which means that the markets presupposed a possibility of the rate cut or measures to increase liquidity in the region. It more…

EUR isn’t allowed above 1.3750

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday we witnessed a fierce fight between bulls and bears. The latter thwarted three attempts to push the pair below 1.37. The former failed to raise the rates above 1.3750. However, both the camps seemed to spare their strength before the important end of the week. Today the main event for the euro/dollar is a press-conference of the ECB head after the regular monetary policy meeting. As has been mentioned earlier, despite the economic recovery the eurozone still needs incentives. In this connection we supposed that when an opportunity came up, that is when inflation slowed down and the  situation with more…

Investors seek refuge, disregarding EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

Escalation of the Ukrainian crisis has put severe pressure on the Asian exchanges today. Investors are looking for safe assets, trying to minimize risks of the expanding conflict in the Crimea. The question about safety of this or that asset is really acute now. Let’s dwell on this today. In Forex the yen and franc are in primary demand. Besides, Gold and Oil are purchased quite well. The US stock futures have come off their historic highs. This movement isn’t large-scale, but this reflex impulse looks very revealing. The market sentiment about the EU currencies has changed. The euro and pound more…

Temporary retreat of USD

By GG Analyst in Reviews 0 Comment

EUR/USD

EUR continued its upsurge yesterday. After a futile attempt to take the pair below 1.36 on Thursday morning, it shot up by almost a figure. Last night there were other attempts to reach 1.37, which also failed. The bullish mood of the market is seen in the decreasing pullbacks after reaching the upper mark. It is largely a consequence of the generally positive mood in the stock exchanges, where the US and EU assets are in good demand. Our downtrend has been finally broken. Now the euro/dollar is trading mainly flat, judging by the line of resistance. The support line, on 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…