Be careful, bulls

By GG Analyst in Reviews 0 Comment

EUR/USD

The long holidays did good to the markets. This day began favourably for the Asian exchanges. Due to their growth the previous losses of the euro (the decline to 1.2880) have been recouped and the pair has returned to 1.2930, where it was trading yesterday at the end of the day. It’s also worth mentioning that in the meantime S&P 500 has hit the support and stocks are in demand on the drop below 1650. Is it possible that the market was consolidating after the previous tide of growth last week and will start growing again now? In theory, yes. Formally, more…

EUR again failed to break through 1.30

By GG Analyst in Reviews 0 Comment

EUR/USD

On Friday the single currency came up against the resistance at 1.30. The pair once again failed to pass this key level, so we are still staking on the bearish scenario of events. While the United States is about to start a cycle of the policy toughening (now it concerns only the stimulus pullback), Europe is still in limbo – the situation is mainly influenced by exterior factors here (affairs of the USA and China). Europe is unable to get out of recession on its own. It’s sad that this situation is already treated as normal. Germany’s final GDP for the more…

Slight attempts to rise

By GG Analyst in Reviews 0 Comment

EUR/USD

The exchanges, especially the Japanese Nikkei, have slightly moved off yesterday’s lows, recovering from the heavy selling. Once again it supported such EU currencies as the euro and pound. Yesterday right after the release of the US statistics EURUSD rose to 1.2950, now it is trading a bit above 1.29. Our scenario of a grand downward reversal of the markets hasn’t developed yet, but it is obvious that there aren’t anything that would arouse growth. The fears, connected with the release of the EU preliminary PMI, haven’t realized as most of the published indices proved to be better than expected. The more…

Have patience

By GG Analyst in Reviews 0 Comment

EUR/USD

The failures in the first half of the day didn’t distress the euro. FOMC’s member Bullard made it clear that the Fed was not going to curtail the stimulation programme in the near future. Anyway, the market reaction was relatively reserved as the markets were waiting for today’s speech of Bernanke. In the meantime, the euro is consolidating above 1.29, which didn’t yield yesterday morning. And again growth of the single currency has been caused by the upward movement of stock exchanges instead of the positive environment in the euro zone. This growth will hardly be long-lasting. The US stock markets more…

Timid attempts of EUR to go up

By GG Analyst in Reviews 0 Comment

EUR/USD

The US stock market is hitting new highs, albeit not as confidently as before. This craving of investors for the yield affects EURUSD. We can’t say that it will give rise to an ascending trend, but it is quite enough not to allow a drop in the pair. Last night the pair tried to break above 1.29. It failed, but the current position is a figure above Friday’s low. There aren’t any serious moves due to slack trading on Monday (most European countries had holidays) and absence of important macroeconomic news. Today this news vacuum in the euro zone and the more…