Unlimited, but yet ineffective QE in Japan

By GG Analyst in Reviews 0 Comment

EUR/USD

On the news that the US markets would be closed on Tuesday, the US stock futures went down.  One day is something that you can put up with, however closing of the exchanges for two days in a row because of the natural disaster hasn’t been seen for more than 100 years.  In theory, if the American dollar is the funding currency for other assets, the demand for capital from the States should cause strengthening of the dollar, as the companies will be repatriating their funds and the government – increasing  borrowings to restore the infrastructure. However, it is a long-term more…

Demand for risk is recovering

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro had a hard time yesterday. For an hour it was attacked by a hailstorm of poor news from Europe. The German and Euro-Zone Manufacturing PMIs came out not only worse than expected, but even worse than the previously reported levels, thus reflecting a higher pace of business slowdown in comparison with the last month. So it’s hard not to start selling the euro, especially taking into account that before that many expected a confident recovery. Moreover, one of the most respected business climate indicators by Ifo dropped down to the level of 100, which is the lowest mark since more…

EUR is again below 1.30

By GG Analyst in Reviews 0 Comment

EUR/USD

Against our expectations Tuesday was a hard day for the single currency and in general for risk demand. Investors avoided risky assets because of poor corporate reports. And having dropped below 1.30, the single currency got caught into the hailstorm of sales due to the execution of limit orders. Yesterday’s volatility could hardly be called impressive, yet against the scary lull of the recent days, such fluctuations do attract attention. The daily low hit by EURUSD is 1.2950. The major issue with the American corporations, which are reporting on their activity now, is that they either make very gloomy profit forecasts more…

EUR learns to ignore the negative

By GG Analyst in Reviews 0 Comment

EUR/USD

This week abounds in important news releases, but all of them are expected a bit later. Looking forward to the news or being particularly cautious, the market participants preferred to keep the currencies within the recent ranges yesterday. Anyway, we can speak about some progress in the single currency since EURUSD closed out the day at 1.3060 against the opening level of 1.3020. In itself this move wouldn’t be a sign of something, but in the context of declining stock and commodity markets it reflects the steadiness of the euro purchases at the current levels. The American indices had displayed some more…

Markets: not bad, but far from perfect

By GG Analyst in Reviews 0 Comment

EUR/USD

Monday started with a slight upsurge in the single currency: the buyers gradually raised the rate from 1.3015 to 1.3065. Now, at these levels the pair faces difficulties before the further growth. Now it is already hard to understand what the decline on Wednesday – Friday was caused by. Actually, lately we’ve heard rather good news both from the USA and Europe. Of course, the positiveness of this news is relative. Looking at it, we can conclude that it can well be the case that in the third quarter neither Europe nor the USA faced slowdown. Anyway, everything is too far more…