Keep calm and carry on

By GG Analyst in Reviews 0 Comment

EUR/USD

The pair is drifting within a very narrow channel, still leaving the gap of the beginning of the week unclosed. Yesterday during the Asian session it fell down to 1.3324, which is the lowest point of the week for now. Anyway, the pair managed to move off these lows and returned to the middle of the trading range – closer to 1.3350. It’s clearly seen that the market activity is dying down. More so, players for some reason don’t pay attention to economic statistics. Thus, yesterday’s economic sentiment for Germany and the eurozone proved to be better than forecasted – growth more…

USD is striving to offset yesterday’s losses

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday’s session, which didn’t abound in macroeconomic news releases, let the pair remain close to the weekly open for the most part of the day. Only during the hot US session players have expressed their desire to correct the growth. And before that the pair had hit the high at 1.3385. The news coming from the USA still prove to be slightly worse than expected. For example, yesterday it became known that industrial production had grown by 0.4% in August, which is worse than the expected 0.5%. The annual rate makes 2.7%, which is much weaker than 4% at early 2012 more…

Expanding discrepancy

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday we said  that it was high time for the markets to start correcting. However, yesterday’s move can hardly be called a correction in the full sense of the word, as the single currency failed even to go above the intraday low of Wednesday and the daily high was almost the same as a day before. So, now we can speak rather about the end of growth. At such moments the most cautious traders take their profits, but the majority of traders haven’t joined the movement yet. It can be easily understood, as the most important event of these days  – more…

EUR doesn’t budge even despite weakness of USD

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday risk demand was getting stronger all through the day. It wasn’t seen much in the performance of the euro/dollar, which was fluctuating between 1.3230 and 1.3275 and failed to go above the extremums of the previous day. It wasn’t a big surprise, taking into account that there were no important macroeconomic stats released and the news that Obama had taken a less aggressive stance regarding Syria was already built in the rates. Anyway, today bulls tried to speed up the pair, hitting a new local high of 1.3281. Last week we mentioned that the period of strong macroeconomic data from more…

Bears and bulls are playing EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro is trying to catch up with the growth of other currencies against the dollar, but all this looks funny or even dangerous for those who stake on growth of the single currency. Yesterday EURUSD managed to rise from the daily low of 1.3150 and hit the high at 1.3217. As a result, the movement made less than 70pips and by now half of this growth has already been recouped as trading is again below 1.3200. Actually, there wasn’t any particular reason for growth and the market players mainly ignored the news as the published stats represented a clear signal more…