Dollar returns its levels

By GG Analyst in Reviews 0 Comment

EURUSD

The pair continues its slow upward movement. Market analysts emphasize that Federal Reserve officials insist on two rate increases against “less than one” during this year that is factored into interest rate futures quotes now. Though, remarkably steady downtrend of the pair after peaks on March 17 is visible from the first sight to the chart. Non-exchange character of Forex doesn’t allow us to assess the volumes that came through this decline. But we assume they were quite significant.
Federal Reserve actually did not change its course, while ECB widen its QE program and decreased the rates. That means they created good more…

GBP suffers again from Brexit

By GG Analyst in Reviews 0 Comment

EURUSD

Yesterday the pair got the blow as a result of the terrorist attack and obviously low economic indices. In spite of the fact that Ifo indicator was better than expected and reached 106.7 level, its movement looks more like rebound from the last month lows rather than real trend turn. Meanwhile, German Manufacturing PMI decreased from 50.5 to 50.4 and could not reach the forecasted of 50.9. The same French index has fallen below 50 for the first time since last August, appearing now at 49.6 though predicted level was 50.2. Economic sentiment as well could not show investors delight more…

Euro declines without news

By GG Analyst in Reviews 0 Comment

EURUSD

As before Federal Reserve’s announcement about interest rate, pair EURUSD slowly declines without news releases. The reason is the demand growth for risky assets that encourages borrowings in EUR which stands as a funding currency. Though, it’s important to realize that scope of Euro weakening is less than the two previous escalation impulses caused by ECB and FRS. To boost selling of common currency market participants, probably, willing to have more heavy reasons that will create bearish approach for euro. This is blocked by the confidence of the market that interest rate will reach the lowest boarder received as hints from more…

Deceitful weakening of USD

By GG Analyst in Reviews 0 Comment

EUR/USD

The US dollar opened the week with a gap against the EU currencies, but immediately lost its advantage. The negative factor here was the ECB’s mood for further easing of the monetary policy and expansion of the incentives by possible bond purchases. After Draghi’s speech to the Parliament at the end of the previous week it became more possible that during the press-conference at the beginning of December it will be announced how fast and on what terms the European CB will purchase public debt of the EU countries. As it is absolutely clear that the current bond purchases are miserable more…

Out of control

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency has again fallen under pressure today. On Monday the pair hit a fresh 26-month low at 1.2438. Then the pair was in moderate demand and grew to 1.2575 at some point. Against the global growth of the dollar the single currency got support from messages that Mario Draghi’s colleagues are displeased with his management style and are trying to restrain his intention to continue easing the policy till the end of the year. In the recent weeks speculations have been around the dilemma whether the ECB will launch a programme of quantitative easing or abstain from it. The more…