Games of the dollar

By GG Analyst in Reviews 0 Comment

EUR/USD

The Congress voted for the debt ceiling increase. Now the Treasury is allowed to take loans at least till February 7. Exactly by this time all disagreements regarding the deficits and government spending structure are expected to be eliminated. Besides, the Treasury is allowed to take measures to postpone the date, when it runs out of money. According to different estimates, it may be in March-April. But it doesn’t mean that the political crisis is postponed till that date. The nearest deadline, set by lawmakers, is December 13 – by that time the lawmakers will have to approve a long-term deficit more…

Great expectations and grim reality

By GG Analyst in Reviews 0 Comment

EUR/USD

The negotiations on Capitol Hill have stalled. The traders, who hoped that an agreement would have been reached by Monday, are now utterly disappointed, which results in a stock market correction after the heavy growth at the end of the previous week. See how phantom the reasons for recent growth of stocks have been – it’s been based only on the suppositions of progress, without any real evidence of such. So don’t be surprised if in the coming hours you will be a witness of no less impressive retracements. The politics is quite a phantom and unsteady thing. The economic stats more…

Draghi isn’t anything like he used to be

By GG Analyst in Reviews 0 Comment

EUR/USD

Having stopped consolidating, EURUSD has moved upwards. The pair is testing 1.3600 now, which hasn’t been seen since February. Honestly speaking, it is somewhat against our expectations as lately we’ve observed mainly worsening of the released statistics. This has allowed us to suppose that the growth impulse is dying. Anyway, yesterday traders’ attention was all focused on Draghi’s speech, in which the ECB’s governor didn’t say a word about the need for measures to improve lending in the region. The euro grew on such claims as before that the CB’s members had expressed their readiness to take such a step. Yet, more…

Politicians won’t come to an agreement soon, employment is in the limelight

By GG Analyst in Reviews 0 Comment

EUR/USD

And though closing of several ministries in the USA didn’t provoke any sharp movement, it still put some psychological impact on the dollar. It had sagged by the beginning of the EU session yesterday, which for a while brought EURUSD closer to 1.3600. It is amazing that for all that stock markets should feel quite good. For the most part of the day they were in the uptrend. As a result, S&P 500 closed the gap, with which it had started the week, and for a while even returned to the levels of the second half of the previous week. It more…

Passive waiting

By GG Analyst in Reviews 0 Comment

EUR/USD

It seems that in contrast with the preceding two times the American legislators won’t come to an agreement in the last minute. This is sad. The farce is getting to a new level. But now it appears that Americans will be participants rather than spectators as all this will entail unpaid holidays for about a million of civil servants, closing of national parks and some agencies, and also automatic spending cuts in some spheres. When  the markets realized that, traders tried to put the dollar under pressure and, as a result, EURUSD again made an attempt to rise above 1.3550. Just more…