Dominance of downtrends

By GG Analyst in Reviews 0 Comment

Bears

EURUSD

Friday payrolls from the USA appeared strong. It is important to mention that not only employment increased but either wages growth accelerated. Thus, all together those indicators shifted expectations what gave the powerful impulse to buying USD against most currencies. For EURUSD this strong data resulted in a big drop of 110 points and in a support level a bit higher 1.10. At the beginning of the new week the pair was traded around this level, reflecting the traders’ search for new impulses. Trade has been consolidating around 1.10 since the end of June. As well the pair is traded currently more…

Bearish oil market and USD trend formation

By GG Analyst in Reviews 0 Comment

Oil & Dollars

EURUSD

The previous week became quite productive for the pair. On Wednesday, after FOMC comments, the American dollar got under pressure. Despite of the fact that the committee mentioned improvements in the economy and risks decline in the nearest perspective, the comment did not include anything about rate increase next time, as it was done last October before they raised the rate in December. They just made a standard comment about readiness to make it on any of the next meetings. But definitely this is not the sign for the tightening in the nearest future. Either the members of Federal Reserve have more…

Mature divergence of Federal Reserve and Bank of Japan

By GG Analyst in Reviews 0 Comment

FRS

EURUSD

This week good news from the USA economy continued to appear. However, some noticeable strengthening of the American currency came into view only by the end of the week. EURUSD ended Friday trading below 1.10 and was more than a figure away from the 200 MA. Such position allows us to talk about potential for the further decline when the trading starts the next week. Dollar bulls are inspired by the several good releases from the US economy.

Building permits and housing starts were better than expected and indicated the further growth. Existing houses sales reached 5.57 m. showing the highest level more…

The United States are losing market focus

By GG Analyst in Reviews 0 Comment

USA White House

EURUSD

After Brexit the key currency pair of Forex market is moving in a relatively tight flat channel 1.10 – 1.1160. The pair was stuck to the lower boundary of this corridor at the end of the last week. All these movements appear around 200 MA, showing to the full extent fundamental market trample without a trend. On Friday we received quite strong retail sales and CPI from the USA. However, traders are not in hurry to bet on dollar, assuming that Federal Reserve prefers to monitor the stability of the strong data before it continues policy normalization. In one way more…

Pound is very attractive without Brexit influence

By Admin in Reviews 0 Comment

brexit

GBPUSD

The British pound has gained strongly since last Thursday, when the supporter of EU membership was murdered by Brexit fanatic. Bookmakers and traders increased their bets quickly thinking that Brits would not like to leave EU. Such estimation is close to reality so far, however, it is too early to talk about final turn. Probably, markets will experience several volatility splashes of British currency during the week.

For those who consider to aсquire the British currency or the country’s assets as a whole, the current rate of the British currency involves very appropriate momentum to buy it if the country stays in more…