USD may get its way

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD was carrying itself well for the most part of the day and only during the US session it began to pull back. As was mentioned yesterday, the euro and the dollar are seen by investors as equally safe before the threat of Russian intervention into the Ukraine. Although in long term the euro is negatively affected by the crisis in the East, in short term the pair is primarily influenced by the economic statistics of Europe  and the USA. Yesterday Final Manufacturing PMI for the eurozone was released. Its rate proved to be a bit higher than the preliminary one, more…

Investors seek refuge, disregarding EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

Escalation of the Ukrainian crisis has put severe pressure on the Asian exchanges today. Investors are looking for safe assets, trying to minimize risks of the expanding conflict in the Crimea. The question about safety of this or that asset is really acute now. Let’s dwell on this today. In Forex the yen and franc are in primary demand. Besides, Gold and Oil are purchased quite well. The US stock futures have come off their historic highs. This movement isn’t large-scale, but this reflex impulse looks very revealing. The market sentiment about the EU currencies has changed. The euro and pound more…

EUR is a step off 1.37

By GG Analyst in Reviews 0 Comment

EUR/USD

The US dollar keeps depreciating as demand for risky assets is growing. As before the risk demand spurs across-the-board depreciation of the dollar and renders great support to commodity prices. EURUSD managed to get above 1.3650, where from it slipped down at the end of January. Then the pair felt pressed due to expectations that the ECB would soften the monetary policy considering inflation easing. As it turned out, all in vain. The ECB doesn’t seem to hurry with easing of the monetary policy, referring to improvement in the performance of the eurozone. Moreover, one of the main threats of the more…

Outlook for 2014: Part Two

By GG Analyst in Reviews 0 Comment

EUR/USD

The Asian stock markets showed some growth after the holidays, taking their lead from the US pre-Christmas positive mood. Yet, the yen is still under pressure. It hit a fresh five-year high against the dollar – at 104.82. AUDUSD also opened with a gap down. Probably, it is somehow interconnected as AUDJPY hasn’t demonstrated any changes – the cross opened at 93.06, where it had been before closing. So, no significant shifts. And it is quite reasonable as during the holiday time there wasn’t any important events. During the pre-Christmas trading session the dollar was in demand most of the time, more…

From zero interest rates down to negative ones?

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD is getting closer to last week’s highs, again trying to consolidate above 1.3550. From the technical viewpoint, there are no serious resistances right up to 1.3750/80. Last week the pair couldn’t go higher because of Bloomberg’s article about possible introduction of the negative deposit rate in the ECB and because of the following release of FOMC’s meeting minutes. These minutes also pointed out a possibility of negative rates on the Fed’s excess cash. Today the markets are worried about the following news: the biggest US banks wrote that should negative interest rates on excess cash be introduced they would be more…