British GDP surprised, will it be the same with the US one?

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday traders took advantage of the dollar’s weakness to sell the euro at a higher price. As we said, optimism in connection with higher certainty about the political situation in Italy proved to be short-lived. The rate cut expected next week is of much greater importance for the markets. But we shouldn’t also forget the factors which may force politicians to take this measure. They are contraction of business and consumer activity and decline of inflation. These factors combined made yesterday’s growth of EURUSD very unsteady. On the way to 1.31 sellers came into play and for a couple of hours more…

The downtrend in EUR is getting clearer

By GG Analyst in Reviews 0 Comment

EUR/USD

The domination of high technology in trading and many risks arising in this connection again came to the surface yesterday, when the false report in Twitter in two minutes washed over 130bln out of the market. Two messages from the hacked account of the Associated Press about an explosion in Washington caused heavy selling in the stock market, which deprived it by about a percent. Yet, soon the situation stabilized. Being important for stock exchanges, this news didn’t produce an equally strong effect on the Forex market. Yesterday the pair was mainly affected by the news on the business activity in more…

Feeble attempts of EUR to decline

By GG Analyst in Reviews 0 Comment

EUR/USD

The market still cannot decide on the direction. EURUSD continues to flirt with 1.30, though it actually has been above it since April 8. From the technical side, the growth perspectives of the pair are darkened by a strong bearish candlestick of April 17. Now charts show a kind of the “head and shoulders” reversal pattern, which can be confirmed together with breaking through 1.30, if it takes place in the near future. This move may be targeted at 1.2750, which at the same time can become the 5-month low and eventually spur sales in the pair. The US news background more…

Bears gradually gain the upper hand

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro-bears got the upper hand. The risk-aversion in the markets didn’t pass by EURUSD, which sank to 1.3015 yesterday closer to the end of the active New-York session. The explosions at the Boston Marathon also had their share here. For now three people are reported dead and about a hundred injured, actually this is the first terror attack since September 2001. Now there are certain concerns that the blasts will be followed by a continuous reaction of the USA, of course at a smaller scale than the intrusion into Iraq, but anyway it is certain to arouse stronger militaristic sentiments more…

Bearish Gold market

By GG Analyst in Reviews 0 Comment

EUR/USD

Friday’s correction in the markets must have made many feel nervous: at some moment EURUSD sank down by a figure from the highs of the Asian session – to 1.3030. Anyway, by the end of the trading day the single currency had managed not only to recoup its losses, but also hit a new intraday high. The bulls managed to close the week above 1.31. Yet the bears got somewhat stronger already during today’s session in Asia. Almost the whole package of China’s statistics proved to have fallen short of expectations, which forced the markets  to hastily liquidate risky positions and more…