EUR got close to 1.31

By GG Analyst in Reviews 0 Comment

EUR/USD

This week the EU is planning to discuss a new stage of sanctions against Russia regarding help the latter delivers to the Ukrainian separatists. Their success has been producing a negative effect on the situation in the markets lately and, as a result,  has put pressure on the single currency. Another round of sanctions will hamper the economic potential of Europe even more. EURUSD has reached 1.3112 this morning in view of the growing geopolitical risks. Also, the euro is affected by hints of Mario Draghi, made a week ago in Jackson Hole. After his speech now the markets expect further more…

Persistent purchasing of EUR

By GG Analyst in Reviews 0 Comment

EUR/USD

It was quite a boring trading session for the pair, nothing to compare with Brazil’s defeat in the semifinal. It is not the first time the US dollar takes timid attempts to grow in the morning and then falls down in the afternoon. It is remarkable that the depreciation of the US currency (the growth of EURUSD) is going on against the correction in the stock exchanges. The latter are concerned about the ratio of corporate profits before the beginning of the reporting season – Samsung’s downward revision of the forecasts has its effect. Anyway, it doesn’t spoil the general picture more…

Don’t say that we haven’t warned

By GG Analyst in Reviews 0 Comment

EUR/USD

Despite the fact that the currency’s depreciation after the drop below its 200-day MA doesn’t look swift and impressive, the downward movement still exists. Now the single currency can hardly find any support in the news. At least, in the news of the eurozone. Wednesday’s data on the German employment proved to be very poor. Instead of the expected decrease in the number of the unemployed by 14K in May, we saw its growth by 24K. For all that, the unemployment level remained unchanged – 6.7% – the lowest one since the Germany’s reunification. Yes, now there is no doubt about more…

US housing: a bubble or not yet?

By GG Analyst in Reviews 0 Comment

EUR/USD

There’s another portion of good news from the US housing market. New Home Sales surged up by 8.3% to 497K annually in June. Against June 2012 it makes the increase of 38.1%. Yet, here we should mention a steep decline of the median home price to 249.7K against 262.8K a month ago and 282.1 two months ago. Remember that on Tuesday we learnt about a 1.5% decrease in existing home sales , but at the same time were struck by the sharp rise in prices. Apparently, Americans preferred new homes as there appeared offers to the buyers’ liking. What did yesterday’s more…

Portfolio rebalancing in the markets

By GG Analyst in Reviews 0 Comment

EUR/USD

Just as we expected, the profit-squeeze lasted till the end of the week. It’s remarkable that the stock markets were moving in the opposite direction. This performance doesn’t look surprising if we regard it as the year-end portfolio rebalancing. Thus, on Friday EURUSD dropped below 1.32 and at some point hit 1.3160. Yet now purchases in the pair are rather moderate. In the meantime, the US stock indices, which were appreciating at the end of the previous week, are sliding down. Apparently, the markets will demonstrate the same unconformity till the end of the week, with a new trend setting only more…