Within the channel till fresh news releases

By GG Analyst in Reviews 0 Comment

EUR/USD

Friday passed under the sign of correction, during which the dollar recouped some of the losses it had suffered in the antirally earlier in the week. From the technical viewpoint, over the last five weeks the pair has been in the uptrend. The major issue the markets are concerned about has been “frozen” till September, though already at the end of this week the attention of the markets will be riveted on Bernnake’s speech. In fact, behind all this technical stuff unfairly little attention is paid to the current fundamental news. According to the PMI reports the production has been on more…

Correction after the cyclic maximum

By GG Analyst in Reviews 0 Comment

EUR/USD

On Thursday the markets again performed out of concord. The single currency grew and the stock exchanges, on the contrary, depreciated, unveiling the unsteadiness of the four-year highs hit earlier this week. The mood of stock exchanges was spoilt by the statements of the Fed’s members, who split over the future of the incentives. Charles Evans, a traditional dove, called for the further stimulation of the economy. James Bullard, who actually belongs neither to hawks nor to doves, on the contrary asserted that there was no urgent need in incentives. The important thing here is not so much the comments as more…

Markets come into motion

By GG Analyst in Reviews 0 Comment

EUR/USD

It seems that markets, including Forex, are finally waking up from the summer siesta. Since our previous review the single currency has gained half a point from 1.2350 to 1.2490. At night EUR corrected a bit and is now trading at 1.2460.Thus, the issue with the stability of the upward channel is settled. Should the pair continue growing, we will probably see it near 1.26 even before the end of this week. Turning to the news background, we cannot single out any particularly important event, so the current motion is sure to have the technical nature. The similar breakthrough could be more…

USD is gradually losing ground

By GG Analyst in Reviews 0 Comment

EUR/USD

If there’s no news, journalists can easily invent it or present one man’s opinion as the mood of the whole committee. Thus, yesterday from Der Spiegel it became known that the ECB would probably fix the ceiling of spread deviation between the EU government bonds. Such rumours stirred hope in the markets, supporting the euro and making Spanish bond yields go down. However, the CB didn’t let the positive spread, stating that the measure was still to be discussed and that the idea was not an official stance of the Bank, but just the opinion of one of its members. Apparently, more…

Total forex flat

By GG Analyst in Reviews 0 Comment

EUR/USD

The new trading week has started very quietly. Besides, despite the negative beginning of Friday, as of the end of the week the indices and currencies generally remained where they had been. The pressure the euro suffered on Friday was stopped by a stream of purchases, which drove the pair up to the daily highs at 1.2315. Now the pair is trading at 1.2270, though in the morning hours we could still notice that pressure on the euro was increasing. On the whole, this day is going to be calm with very few data coming out. The only events deserving attention more…