Investors seek refuge, disregarding EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

Escalation of the Ukrainian crisis has put severe pressure on the Asian exchanges today. Investors are looking for safe assets, trying to minimize risks of the expanding conflict in the Crimea. The question about safety of this or that asset is really acute now. Let’s dwell on this today. In Forex the yen and franc are in primary demand. Besides, Gold and Oil are purchased quite well. The US stock futures have come off their historic highs. This movement isn’t large-scale, but this reflex impulse looks very revealing. The market sentiment about the EU currencies has changed. The euro and pound more…

Temporary retreat of USD

By GG Analyst in Reviews 0 Comment

EUR/USD

EUR continued its upsurge yesterday. After a futile attempt to take the pair below 1.36 on Thursday morning, it shot up by almost a figure. Last night there were other attempts to reach 1.37, which also failed. The bullish mood of the market is seen in the decreasing pullbacks after reaching the upper mark. It is largely a consequence of the generally positive mood in the stock exchanges, where the US and EU assets are in good demand. Our downtrend has been finally broken. Now the euro/dollar is trading mainly flat, judging by the line of resistance. The support line, on more…

Changeable fortune

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro got a hard blow yesterday, losing 90pips during the day. The selling was caused by  Coeure’s speech, which pointed out that the BOE’s officials seriously considered setting a negative deposit rate at the last meeting. Besides, we shouldn’t forget about technical factors. The pounds growth triggered by the BOE’s comments broke the short-term uptrend in EURGBP, which eventually spilt over into selling of the euro against the pound, observed in other pairs as well. The euro’s pullback finally brought the currency back into the downtrend, which has already been frequently mentioned in our reviews. Before that on Tuesday  we more…

EUR is a step off 1.37

By GG Analyst in Reviews 0 Comment

EUR/USD

The US dollar keeps depreciating as demand for risky assets is growing. As before the risk demand spurs across-the-board depreciation of the dollar and renders great support to commodity prices. EURUSD managed to get above 1.3650, where from it slipped down at the end of January. Then the pair felt pressed due to expectations that the ECB would soften the monetary policy considering inflation easing. As it turned out, all in vain. The ECB doesn’t seem to hurry with easing of the monetary policy, referring to improvement in the performance of the eurozone. Moreover, one of the main threats of the more…

Draghi is beginning to resemble Trichet

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro climbed quite high yesterday, after Draghi’s words that the monetary policy doesn’t need any adjustment now. The ECB is still confident in the positive effect of the November rate cut, but adds that it is not very visible yet. We’ve frequently mentioned that the currency markets suffered a period of even higher rates  of the euro short-term loan before the New Year Day. The impact of the decline by quarter of a percent can be noted only with other conditions being equal, which never happens in the market. And the unwillingness to take advantage of inflation slowdown to ease more…