Tag Archives: Daily reviews

Yesterday, during Draghi’s speech, common currency experienced higher volatility than usual. Big volatility on a market is a common thing, unusual here was the fact that eventually common currency stooped moving at the same level where it started, and today it is trying to start declining. Active buying of the common currency was caused by the perception of the markets that ECB does not want to hurry up with the further measures and as a whole mentions positive tendency (despite of announcement of negative inflation in the following months). However, the pair, obviously, does not have enough power and reasons for more…

Yesterday the pair was developing its attack during the whole day, almost reaching the area of consolidation from the beginning of April. They did not have enough reasons for firmer step. Tomorrow the pair will face another press-conference of Mr. Draghi. Last years this event creates high volatility for euro and can compete with payrolls release. The pair’s rise was supported either by Building permits from the USA. Instead of expected growth by 2% it lost 7.7% and this was the decline for the fourth month in a row. Housing starts in March increased even more – by 8.8%. Today the more…