The weekend stole volatility

By GG Analyst in Reviews 0 Comment

EUR/USD

To discern the market reaction to Friday’s payrolls you’ll probably have to use a microscope.  It’s somewhat surprising as usually the release of the figure causes much movement in the markets and can even set the trend for the further month. Apart from the strong market reaction the indicator is also famous for its unpredictability: there is always a range of diverging forecasts and a wide discrepancy markets turned out mistaken in their estimates. The released data showed that employment growth made only 120K against the forecasted “above 200K”. According to the updated statistics the employment growth peaked in January, when more…

Good Friday for the euro?

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the single currency rewrote its local lows and went sideways on very thin volumeless trading. On Thursday EUR/USD went down to 1.3034 at the beginning of the active US session, but then it moved sideways. Now the currency is quoted at 1.3070. It’s often the case that a day before the payrolls release volatility abandons the markets, and traders place large orders at the current levels. But today the most part of Europe is getting ready for the coming Easter, so the markets are almost completely deprived of volume. Very often the trend, which has been dominating the markets over more…

Good news does not always excite the market growth

By GG Analyst in Reviews 0 Comment

EUR/USD

EUR/USD has been falling since Friday and has lost almost two big figures over this time. The single currency is now worth $1.3080, which is a four-week low. Against our expectations the market did not wait for the publication of statistics on the US employment to start selling risky assets, including the euro. As a result, at the time the non-farm payrolls were released, the euro was already trading as high as 1.3125. The labour market statistics has come in almost as good as expected, showing the 227K increase in the number of jobs (we predicted 235K, while the general market 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…

Big day for markets and, more so, for the euro

By GG Analyst in Reviews 0 Comment

EUR/USD

After Tuesday’s fears and profit-taking in risky assets, the euro is gradually coming round. And though the day promises to be eventful, stock markets are trading positive. As a result, EUR/USD rose from the lows below 1.31 and is now trading at 1.3170. Today the ECB will hold a regular meeting on the monetary policy. However, the markets will want to pay more attention to Draghi’s press-conference, where he will probably lay his own assessment of the second LTRO auction and speak on the further plans and views of the Bank. For all its importance, the ECB’s meeting won’t probably come more…