Out of control

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency has again fallen under pressure today. On Monday the pair hit a fresh 26-month low at 1.2438. Then the pair was in moderate demand and grew to 1.2575 at some point. Against the global growth of the dollar the single currency got support from messages that Mario Draghi’s colleagues are displeased with his management style and are trying to restrain his intention to continue easing the policy till the end of the year. In the recent weeks speculations have been around the dilemma whether the ECB will launch a programme of quantitative easing or abstain from it. The more…

Weak Oil again supports USD

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the euro was under pressure due to another tide of demand for the dollar. The US currency again enjoys popularity in view of growing concerns about the oil price wars, unleashed by Saudi Arabia. The main player of OPEC agreed to lower the release price of oil for China, which entailed higher pressure on the global oil rates. For the most part, this policy of Arabia comes from the intention to preserve its share in the market and keep the USA out of the shale oil business. It is supposed that if this business  remains on the edge of profitability, more…