Markets hardly believe that the Greek saga is over and stay nervous

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency didn’t manage to show any significant dynamics yesterday. Despite the positive reaction of the market to the approval of a Greek bailout package, the euro sales broke out. But as there were no strong reasons to sell the euro, the downward movement didn’t get any support either. The euro got stuck between 1.32 and 1.33. But this concerns only EUR/USD. Against the Aussie, yen and pound, EUR feels much stronger. Risk demand manifests itself in the strengthening of equity markets and rise in the price of gold. Oil rides its own wave – geopolitics – but on the more…

Euro has bounced up on hopes around the Greek agreement

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency fell below 1.30 during yesterday’s trading, but the increased optimism about the Greek deal caused a surge of growth in the single currency and it is now trading at 1.3130. The Greek politicians have announced that Europe’s finance ministers will decide on the allocation of funds on Monday, February 20. This is exactly one month before the crucial payment to redeem the bonds by €14.4 billion. Now we can only keep our fingers crossed that neither Greek nor any other politicians will invent something worse over Friday and the weekend. Remember that earlier the markets expected the decision more…

Euro is Ready to Pull Out Of the Downward Channel

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the markets got very inspiring news that supported demand for risk. It was reported that Greece continued negotiations with its creditors, which is in itself a good sign. Negotiations were suspended last Friday, and many set to get ready for the uncontrollable default. Later markets got news that the IMF wanted to raise its lending capacity to $ 1 trillion dollars from the current less than 400 billion. Such sums will enable it to render support even to Italy, though not for a long time. The bond auction in Germany showed very good results. The country raised 3.44 billion at more…

EURO: Reversal or Sales Opportunity?

By GG Analyst in Reviews 0 Comment

EUR/USD

Markets cannot remain in sell mode all the time. At one time or another the ticker will swing the other way. Perhaps, we will see one of these moments in the near future. The euro has found the support just above 1.26. This happened despite the S&P’s logical decision to downgrade the rating of the European rescue fund (EFSF) after lowering France’s rating. The good news here is that the lending capacity of the fund hasn’t been affected.  It still can lend up to 440 billion euro to the troubled European nations. That piece of news provided a short-term support to more…

The Reports on Kim Jong-il’s death Push Up the Dollar

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency managed to save its face by closing the previous week above 1.30.  For all that there was no sign of any significant progress in handling the crisis in Europe.  What we see at the moment looks like a technical rebound rather than a movement on expectations of recovery. Thursday and Friday were marked by little growth on the pair, which must have allowed bears to get ready for mounting an attack this pre-Christmas week.  U.S. price data have confirmed the tendencies of recent months. The headline CPI is slowing down on oil and energy disinflation, demonstrating a 3.4% more…