Following GBP other currencies appeal their boundaries on forex

By GG Analyst in Reviews 0 Comment

England

EURUSD

Forex was waiting for the idea during the third quarter. It did not appear, therefore EURUSD has changed for less than 1.5 figures during the last three months. Volatility indicator ATR (22), showing daily range of the last month, is being on the lows from the middle of 2014 during almost two months. On those days indicator was going even lower – to 40 points from the current 60, but we could see the movement, which we do not have now. It is a heaven for those who prefer range trading in Forex. Moreover, the actual range of trading in the more…

Federal Reserve started the wave of USD weakening

By GG Analyst in Reviews 0 Comment

USD

EURUSD

The American Fed Reserve managed to cause weakening of its own currency. On Wednesday dollar turned downwards that reflected in EURUSD rise to 1.1250 area on Monday. The same levels are highs of the previous two weeks. Moreover, the current levels are close again to the resistance line of the downtrend, which turned the pair in August and September. Hence, the current marks represent important resistance area. Now it will not be easy for the dollar to turn back to growth, since the key event – Fed Reserve meeting – has shown not that firm attitude of committee members as expected more…

USD demand will occur before Fed meeting

By GG Analyst in Reviews 0 Comment

USD

EURUSD

During last week, the main currency pair in Forex was moving around 1.1250. Decline of retail sales in August, lower than expected, caused temporary drop of dollar, while EURUSD grew to 1.1280 area– the high since September 9 – for a short period. The core sales decreased by 0.3% after growing by 0.1% a month before and decline expectations by 0.1%. There were enough buyers of the American currency, who returned everything to the place by the end of the day. Already then, the markets showed the unwillingness to sell dollar shortly ahead September FOMC meeting with the results release on more…

Market is still flat, no trend yet

By GG Analyst in Reviews 0 Comment

Waiting for trend

EURUSD

Last week Euro again could not steadily take 1.13 level. Although, there are still no reasons for decline. On Thursday and Friday the important US data will be released. Thursday retail sales data may be this time more important than inflation. The latest will doubtfully make sharp rise towards Fed’s target. Annual inflation in July was 0.8% and it will take long way to 2.0%. Currently markets realize only 15% probability of rate rising on the next week. Earlier Federal Reserve was trying not to surprise markets and act along with the expectations, as a whole. It is unlikely that strong more…

Three global scenarios for EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD

The common currency was trying to fix itself above 1.13 level several times during two previous weeks. Bulls managed to accelerate the pair highest possible up to 1.1360, but the key resistance at 1.14 remained unreachable. Extremely low volatility on the markets until Friday explained by hints expectations from the Fed about chances of soon rates rising. Yellen’s speech about possible September rising could not convince markets. However, Fisher, Fed VP, has commented that the words of his Chief they should consider as a hint for the possibility of the rate rising in September. This revelation brought to the markets a more…