AUD got a chance of consolidation

By GG Analyst in Reviews 0 Comment

EUR/USD

The US stock markets are still suffering heavy selling. Bulls are retreating not only because of the expectations of QE reduction from the Fed, but also because of the unimpressive corporate reports. Index futures have an opportunity for a respite only when the US trading session is over. It was yesterday and the same movement we can observe today. The euro/dollar keeps ignoring fluctuations of stock indices, which is not typical of this pair. Yesterday the currency made another attempt to find demand on growth. The attempt proved to be futile, the pair was turned around straight above 1.37 with the more…

Currencies and stocks are again apart

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro’s behaviour on Friday was really unnerving. Having summoned up all strength with the help of other currencies, bulls directed all efforts to sweep away bearish positions in the pair. For a couple of hours the pair was pushed from the daily low of 1.3660 up to 1.3738 and then was accurately put back to 1.3677. Forex hasn’t managed to go far from this level by now and trading is held at 1.3685. The calmness of the currency market is noteworthy as in the meantime stock exchanges suffered heavy selling. It is also true that earlier stocks felt good as more…

It’s all USD’s fault

By GG Analyst in Reviews 0 Comment

EUR/USD

The pair got support on the strong stats from Europe and relatively poor data from the USA. Yesterday’s PMI helped the single currency get off the lower bound of the range, forming since the beginning of the week. The index pointed out strengthening of business activity in the eurozone. And what’s important not only in Germany, but also in other countries. But afterwards dollar bears fastened on the continuing claims index, which has been on the rise for the last three weeks. Except for one week in July, distorted by the holidays, the last time unemployment claims exceeded 3.06 million was more…

Expecting RBNZ tightening and BOJ stimulus

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday we spoke about growing signs of a reversal in the pair. Though it was a quiet day yesterday and the single currency even went off the local lows, we are now only firmer in our belief. Yesterday’s move from 1.3506 up to 1.3560 was nothing more than a correction after the impressive decline on Friday. Since neither Friday nor yesterday brought any important news, which would have accounted for the movement of the euro/dollar, the latter should be treated from the technical point of view. The drop by more than a figure, which was then followed by a proper pullback more…

EUR: about to reverse

By GG Analyst in Reviews 0 Comment

EUR/USD

Probably, it is too early to speak about this, but it seems that the euro/dollar has just reversed. In October and December the single currency unsuccessfully tried to break through 1.38 against the dollar. And if there were some grounds for the former, the latter rise took place amid low volumes in the thin holiday market. The main target of such an ascent is to wash out shorts, which usually precedes a real reversal. It’s a kind of the bulls’ last attack or chasing for stops. Since the beginning of the year the stress has been laid on the rational strategy more…