EUR doesn’t surrender 1.37

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro/dollar has been depreciating for the recent two weeks. Despite the fact that during the last week the pair has mainly been close to 1.3700, we can’t but notice that bears still contrive to push it lower and lower before bulls gain revenge. Yesterday’s local low preceding the FOMC meeting minutes brought the euro to 1.3634. The minutes themselves proved to be milder than could be expected. The news released before the meeting on April 29-30 was generally positive, so the market expected to see more confidence about tapering and, probably, more certainty about rates. However, ‘flexibility’ in consideration of more…

EUR moved away from the extremums

By GG Analyst in Reviews 0 Comment

EUR/USD

In the absence of important news players tried to take profits from the preceding growth in the pair. Because of that the pair moved away from the extremums and hit 1.3900 this morning. Today the markets will be focused on Draghi’s speech at the press-conference after the rate decision. It’s quite possible that we will hear again about readiness to act and that the continuous low inflation will be pernicious for the economic growth. Not only the market participants, but also journalists of every stripe and colour have been long in the know about this chapter of economic theory and as more…

Roller Coaster

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency was put under heavy pressure after the release of Germany’s inflation data. EURUSD dipped down to 1.3800, formally leaving the gap uncovered: the high was hit at 1.3878. As expected, Germany’s consumer inflation proved to be lower than forecasted by the experts at the beginning of the week. The annual rate of price growth in the largest German economy made 1.3% against the expected 1.4%. This acceleration against last month’s 1.0% y/y was provoked purely by the low base effect as in April the prices tumbled by 0.2%. The ECB members often say that the long period of more…

EUR &GBP: cautiously awaiting statistics

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the single currency went as high as 1.3878. The bears, who had put pressure on the currency earlier in the day, were punished, but the higher movement could already be provoked only by serious reasons. There weren’t any, so trading stabilized at the neutral 1.3850. Market players behave quite cautiously now in anticipation of piles of  important statistics on Europe and the USA. Regarding trends, inflation data will be of utmost importance for the single currency. Tomorrow we expect the Preliminary EU CPI for April, and today we will get inflation statistics on the German Lands, which may also affect more…

Bulls try to heat up EUR

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency was being purchased on Friday as if along a ruler. The euro/dollar was growing strictly within the narrow upward channel. It speaks not only about presence of big buyers, accurately picking up the pair, but also about absence of any idea in the markets. The pair remains in the grip of uncertainty of the ECB’s policy. Despite the inflation slowdown, in Germany as well, most members of the Bank’s governing board treat a rate cut or any other easing of the monetary policy as a certainly pernicious thing with economic growth in the background. Anyway, market participants keep more…