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…

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…

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…