Decisive battle between bulls and bears

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday there was a real tug-of-war in the markets. It’s surprising that none of the camps won and EURUSD closed out the day just where it started it. The upward impulse in the pair was felt at the beginning of trades in London. Just as we expected, the bulls made another attempt to break through 1.34. The bears proved to be stronger, the pair didn’t even touch this level. The markets gossiped about the problems of Germany’s banks – that some of them would need fresh capital and others would even face splitting. Anyway, the bears failed to launch a full-fledged more…

Turn for the better

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency got a strong impulse for growth after the lull on Monday. Formally, it happened after the publication of the BOJ’s decision. Actually, it was just a reason for traders to join the game since earlier they preferred to abstain from trading in anticipation of the major event. Moreover, the purchases of the euro were boosted by the positive news from the region. Dutch Finance Minister Dijsselbloem was elected the new head of the Eurogroup. Besides, it also became known that in March the Eurogroup will consider a bailout of Cyprus. Cyprus is not a big country, but the more…

A long and bumpy road

By GG Analyst in Reviews 0 Comment

EUR/USD

Last week ended with a correction. Players were too weak to break through 1.34 in EURUSD. As before, they just hit the level without being able to consolidate at it. The bulls should be encouraged by the fact that Friday’s retracement was not that big as at the beginning of the week. Thus, we still expect that growth will continue in the coming days.  What we need is a good reason. It’s quite likely that the euro will again be moved by news from Spain. In the previous two weeks the rally was provoked by positive results of the auctions. This more…

Correction being over, the market’s moving on

By GG Analyst in Reviews 0 Comment

EUR/USD

The market didn’t disappoint our expectations – some instruments stopped retracing. The stock exchanges were hitting their 5yr highs, EURUSD again threatens to break above 1.34. Now trading is held just a step away from these levels. As two weeks ago it was caused by rumours about quite a good demand at the Spanish auctions. In a couple of hours the information proved to be true, which further spurred the growth. However, we insist that it is just a cause, the real reason is different. Traders finished the phase of consolidation after the preceding big rally, reshuffled their positions and got more…

A battle for technical levels

By GG Analyst in Reviews 0 Comment

EUR/USD

Demand for safe havens is still very strong in the markets. By now the single currency has fallen down to 1.3280. Last Thursday it was hovering around this level before Draghi’s press-conference. Moreover, this area served as a strong resistance in the last three weeks of the previous year. Thus, today we are to see an interesting skirmish between the bulls and bears. In case the bulls win the battle the former resistance will turn into a support, from where the currency will continue to grow. So now we only have to wait. Yesterday’s statistics didn’t have any significant influence on more…