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 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…

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…

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…

Brief moment of simultaneous growth of the markets and the Dollar

By GG Analyst in Reviews 0 Comment

USD rising

EURUSD

The current week is after dollar, regardless of the fact that half of the time USD was retreating. The week before, market participants received many signs from the Federal Reserve members about rationality of the sooner policy tightening, but the dollar’s rally was not considerably strong, based on their warnings. The markets were waiting for such announcements from Yellen. Her Friday speech before long weekend attracted more attention in the situation without other important releases. And she said what she had to say: without stating specific dates, she notified that she is tending towards soon rate raising. Her speech pushed dollar more…