Trump cannot stop the trend

By GG Analyst in Reviews 0 Comment

Donald Trump

EURUSD

Victory of Donald Trump in the president elections caused the volatility splash on the markets, but had not affected key trend at all. Those bears, not forced out by EURUSD three figures takeoff, probably, are feeling great now. The pair is developing its decrease inside the downtrend, breaking on its way the short-term support levels. On Monday opening the support, existing since the end of January, around 1.0850-1.0800 area was broken. In spite of the short-term risks of profit-fixing, the common downtrend, targeting 1.0500, is still active though they should be cautious at the 1.06 level, since the probability of the more…

The week of benefit events by Central Banks

By GG Analyst in Reviews 0 Comment

Central Banks

EURUSD

EURUSD started off on the wrong foot the last week obviously. From the very beginning the bears rushed to fight for 1.0850 mark. Later, on Tuesday, they repeated the attack but bulls has managed to keep the key mark, postponing the battle for trend. Most probably, the current or the next week will be vital for the pair’s trend. The new week brings such key events for the US dollar as Fed Reserve meeting and October employment report. We do not exclude that cautious Fed Reserve tries to start already on Wednesday, in its November comments, forming the market expectations of more…

USD rally is coming to a halt for some rest

By GG Analyst in Reviews 0 Comment

Rally

EURUSD

Last week the dollar bulls were proving their supremacy. They had to fight again for passing downwards the 1.10 level by EURUSD pair. Draghi once more has rattled nerves but very soon everything got back to its place. Euro confirmed its downtrend. It is now proven by the exit from the small consolidation Triangle in the first week of October, followed by the pair’s bulls attempt to return it to the range. Two weeks ago there was the exit from the second Triangle. Then euro-bulls were trying either to turn the market to the familiar range, but they failed. It looks more…

The US dollar breaks the important resistance levels

By GG Analyst in Reviews 0 Comment

US Dollar

EURUSD

In our previous reviews, we wrote that the idea is coming back to the market (to buy dollars on the rate increase expectations). The idea was taking out quite cautiously during the last week of September and the first week of October. However, the bears managed to swing the market last week as well as to from a remarkable trend along with breaking some important support levels. In our fist review in October we mentioned that important support levels are 1.1150 and 1.1000. The first one was taken two weeks ago. Bulls tried to oppose, however the selling was activated straightaway more…

Pound repeated abysmal record of Brexit

By GG Analyst in Reviews 0 Comment

GBP

EURUSD

The pair was testing the downtrend resistance, which occurred in August, but finally could not break it. During first trading week of the new month and quarter, the American currency was feeling pretty good as a whole. It is quite possible that the markets will show higher interest to the dollar again as soon as yield curve changes its shape. Market participants are becoming more confident in rate’s increase in December by Fed Reserve, thus, the attractiveness of the American assets is growing in comparison with Euro assets, where both rate rising question and QE ending remain open. Markets confidence was more…