Markets don’t dare to attack the lows and correct the decline instead

By GG Analyst in Reviews 0 Comment

EUR/USD

Exactly at the moment when commentators lost hope and stopped looking for the causes to buy assets the markets went up. As a rule, news feeds tend to account for the past trends and movements, which don’t always have further development. Thus, yesterday morning the business press abounded in commentaries concerning the drastic state of affairs in different corners of the Earth, but from the very beginning of the European session the markets didn’t feel any difficulty in finding buyers for the troubled securities. The positive impulse has played its role in the movement of the euro/dollar. The single currency again more…

Markets climb extremely high to launch correction next

By GG Analyst in Reviews 0 Comment

EUR/USD

Markets cracked under their own weight and after an impressive rally on Monday launched a deep correction. Formally, the sales were triggered by a dramatic deterioration of the consumer confidence, recorded by Conference Board. In March the figure made 70.2 against 71.6 a month earlier. Besides, the worsening was mainly caused by ongoing concerns of the Americans about the employment situation in the country. Remember that just a few days ago everyone saw only positive changes in this sector and drew the parallel with the figures at the start of recession? Of course, the labour market issue may pale into significance more…

Another tiny little jump of EUR

By GG Analyst in Reviews 0 Comment

EUR/USD

Tuesday turned out to be a fairly quiet day for most of the markets. The American exchanges were generally dominated by the correction sentiment, but the scope of correction didn’t give any particular cause for concern, as stocks recouped most of the losses to close out the day. It is noteworthy that the single currency managed to stay almost unaffected by the initial impetus for decline in the US. Regarding the results of the day, the EUR/USD rate remained almost unchanged, and now makes about 1.3260. Such dynamics supports our supposition that the euro has good chances to grow in the more…

Expensive oil: stimulus to spend or threat to growth?

By GG Analyst in Reviews 0 Comment

EUR/USD

Last Friday was a quiet day for European markets, but quite a busy one for the US exchanges. Actually, it doesn’t seem to be a surprise, considering loads of important statistics which came from the States on Friday. First, data on inflation were published. Due to the fuel price growth the consumer price index gained 0.4% in February and the annual growth rate remained at 2.9%, as was generally expected by economists. It’s quite reassuring to hear about easing of the core inflation. However, in the coming months it most likely will go up due to the effect of energy prices more…

Greek deal is done and markets wait for payrolls

By GG Analyst in Reviews 0 Comment

EUR/USD

Thursday proved to be quite a favourable day for the markets. Tuesday’s losses in the stock markets were recouped, and the single currency climbed pretty much higher.  EUR/USD is trading near 1.3250 now. Most likely, it will stick to this level until the release of data on the US employment. The results of the private investor participation in the debt swap were postponed to Friday morning. The good news is that the 66% threshold has been crossed, which, actually, was already evident from the leaks yesterday. With the collective action clauses applied, the level of participation in the swap amounted to more…