Courage of the sterling

By GG Analyst in Reviews 0 Comment

EUR/USD

Because of the Easter holidays the markets have stayed in the mode of restricted dynamics since Friday. On such days it’s better to be on the alert to catch a sharp movement of the market should some unexpected news arise. In the meantime, without such news trading is held within a very narrow range. On Friday EURUSD was fluctuating in the range of 20 pips between 1.3822 and 1.3806 (at the closing time). During the Asian session today the pair went as low as 1.3804 and now it is again at the top of the mentioned range. As far as the more…

EUR won’t surrender 1.38 to USD

By GG Analyst in Reviews 0 Comment

EUR/USD

The favourable economic data together with a series of positive corporate reports again draw investors’ attention to the US assets. But if it looks like a true return to the traded ranges for stocks and increases the chances of hitting new highs in S&P 500, USD unfortunately can’t boast any significant dynamics. EURUSD doesn’t have a reason even to go below 1.3800, sticking halfway. To convince the dollar-bulls in the earnest nature of intentions the week should be closed below 1.3700, which will completely make up for the growth in the previous week. But it is very unlikely as today the more…

G7 comments push the euro up

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday G7 leaders signed a joint statement, disapproving Russia’s actions in regard to Ukraine, but at the same time didn’t mention any specific sanctions and left a chance of diplomatic resolving of the conflict open. The markets regarded the statement as quite mild , which helped the single currency recoup the intraday losses. The surge of optimism for a while provoked growth in EURUSD, so as a result the pair jumped from the daily low of 1.3769 up to 1.3875. This considerable scale of growth couldn’t but trigger stop orders, but eventually trading consolidated near 1.3830. Turning to yesterday’s statistics, weakening more…

Steel nerves of US investors

By GG Analyst in Reviews 0 Comment

EUR/USD

The pressure didn’t weigh on the markets for long. There is a strong feeling that there is little that can distract investors from buying the US stocks: neither overbought markets, nor geopolitical troubles in Europe, nor bringing of the Fed’s rate increase closer by half a year. The decline of the US stock indices caused by Yellen’s comments on Wednesday was bought out yesterday and by now we’ve returned to the same positions as last week and are generally in the area of record highs. Anyway, we can’t say the same about the euro/dollar. Yesterday purchasing of dollars against the EU more…

Markets grew quiet in anticipation of the political resolutions

By GG Analyst in Reviews 0 Comment

EUR/USD

The emerging markets feel pressure in connection with risk aversion, while futures and indices of the developing countries as well as the currency market remain relatively quiet. The thing is that the main political fight is still ahead. The overwhelming majority of the Crimean people, as expected, voted for annexing to Russia. America and the new authorities in Kiev, as expected, don’t recognize the referendum and speak about intrusion of the Russian troops into the Ukraine. The West is threatening with sanctions, though the observers,  including the foreign ones, note that the referendum was carried out quietly. The risks are very more…