Either Yellen or oil will reverse the market

By Admin in Reviews 0 Comment

Janet Yellen

EURUSD

This week EURUSD was one step away from the important resistance area – 1.14. Bulls were feeling lack of informational reason to push the pair against that level – no important news were released on Friday both from the USA and Eurozone. Even not taking this physiological level, the Dollar’s retreat looks more like capitulation. Market participants are more and more confident about the feeling that Fed reserve will not tighten the policy this year, especially in September. Meanwhile Fed officials, conversely, say more often that they should not exclude such event. Minutes of July FOMC meeting eventually caused the wave more…

Expectations are the first and foremost

By GG Analyst in Reviews 0 Comment

Waiting

EURUSD

The influence of strong indicators of the labor market from the USA, issued on previous week, did not keep for a long time. On Tuesday, markets again tended to sell dollar. Eventually, by Friday the pair EURUSD reached 1.1250, getting back to the local lows of August. The released statistics calls our attention to the decline of labor efficiency in the USA and the simultaneous increase in expenses for the workforce. That is the evidence of hiring new employees by the companies. The efficiency grows when they fire people and replace them by programs. Therefore, the decrease is not such a more…

Bearish oil market and USD trend formation

By GG Analyst in Reviews 0 Comment

Oil & Dollars

EURUSD

The previous week became quite productive for the pair. On Wednesday, after FOMC comments, the American dollar got under pressure. Despite of the fact that the committee mentioned improvements in the economy and risks decline in the nearest perspective, the comment did not include anything about rate increase next time, as it was done last October before they raised the rate in December. They just made a standard comment about readiness to make it on any of the next meetings. But definitely this is not the sign for the tightening in the nearest future. Either the members of Federal Reserve have more…

Mature divergence of Federal Reserve and Bank of Japan

By GG Analyst in Reviews 0 Comment

FRS

EURUSD

This week good news from the USA economy continued to appear. However, some noticeable strengthening of the American currency came into view only by the end of the week. EURUSD ended Friday trading below 1.10 and was more than a figure away from the 200 MA. Such position allows us to talk about potential for the further decline when the trading starts the next week. Dollar bulls are inspired by the several good releases from the US economy.

Building permits and housing starts were better than expected and indicated the further growth. Existing houses sales reached 5.57 m. showing the highest level more…

Pound is very attractive without Brexit influence

By Admin in Reviews 0 Comment

brexit

GBPUSD

The British pound has gained strongly since last Thursday, when the supporter of EU membership was murdered by Brexit fanatic. Bookmakers and traders increased their bets quickly thinking that Brits would not like to leave EU. Such estimation is close to reality so far, however, it is too early to talk about final turn. Probably, markets will experience several volatility splashes of British currency during the week.

For those who consider to aсquire the British currency or the country’s assets as a whole, the current rate of the British currency involves very appropriate momentum to buy it if the country stays in more…