EURUSD broke out and fell

By GG Analyst in Reviews 0 Comment

EUR vs USD

EURUSD

Common currency yesterday finally left the tight range. The drop was fast since the traders did not wait for confirmation of a short-term negative impulse, having gathered all the support levels. As the result, common currency is trying to consolidate this morning near 1.1250 level, one-and-a-half figure lower that Wednesday opening levels. It is quite hard for the pair to continue falling in a short-term, hence we can wait for a correction. During the correction it is important to pay attention to a rebound that can transform to the new growth wave. Therefore, it is important to follow up support levels, more…

FOMC stops suppressing Dollar

By GG Analyst in Reviews 0 Comment

FOMC

EURUSD

Last hour common currency managed to break the trading channel where it was traded the whole April. EURUSD dropped below 1.1320 that was not reached since March, 31. The turn started yesterday when bulls could not continue growth and stayed above 1.1450. Probably, we witness the turn of the pair but it is quite early to talk about it confidently now, we have to wait for confirmation of closing trades below 1.1320. Dollar was supported by hawkish speeches of Williams and Lacker. Williams said that it would be normal to increase the rate 2-3 time during this year. Meanwhile Lacker stressed more…

Sterling has punished bears

By GG Analyst in Reviews 0 Comment

GB Pound

EURUSD

As a whole staying in the trading range the pair is trying to form the growth attempt the third day in a row. Recently it bounced to 1.1460 but very soon returned back to usual levels – around 1.1420. This movement was just a small shade of the USD weakening against other currencies during recent trading sessions. Growth of EUR against USD caused partly by low statistics from the USA that pressure American markets and supported to some extent by USDJPY dropping. However, such theory opposed by quite optimistic attitude of the primary markets and confident behavior of most currencies. This more…

Canadian dollar returned back below 1.30

By GG Analyst in Reviews 0 Comment

Canadian Dollar

EURUSD

The main currency pair on Forex continues its boring movement within side channel. Still traders cannot find reasons for a trend – positive or negative. Mainly, such passive attitude is explained by interesting movement of other currencies as well as absence of news-drivers for the market. However, it means that markets are generating power ahead the new sharp movement. We just have to understand which side movement is most possible, and where we will have only speculative trades. So, Friday news on wholesale inventories and sales caused the re-estimation of the USA GDP growth to declining. Now the leading investment banks more…

The week is stormy not for everyone

By GG Analyst in Reviews 0 Comment

Quotes

EURUSD

Euro continues moving around 1.14 with the support at 1.1350 and resistance near to 1.1410. This week was not full of important macroeconomic reports, therefore many traders were waiting for volatility caused by Yellen conference with her forerunners as FRS Chairs – Bernanke, Greenspan and Walker. This speech was less dovish than the previous but not that much dovish to fluctuate dollar. We did not receive any reasons to reconsider rate expectations. The pair could not break the trading channel. Probably, traders were concerned more about other markets and have forgotten about common currency. We can emphasize some good news from more…