Summing up 2020: Major events of the past year

By Admin in Articles 0 Comment

Congratulations, we’ve made it through 2020! This eventful year is almost over. Let’s take a moment to look back and recall its key events.

It’s difficult to even start to comprehend how much this expiring year has changed our lives. We are all wearing masks and washing our hands several times a day now. If someone told us back in 2019, that we wouldn’t be able to travel or even leave our house, we would laugh in their face. But we did face the lockdown and spent several months self-distancing, in isolation.

But apart from the much-hyped coronavirus, what other key events are worth considering? We believe that there were more…

Three global scenarios for EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD

The common currency was trying to fix itself above 1.13 level several times during two previous weeks. Bulls managed to accelerate the pair highest possible up to 1.1360, but the key resistance at 1.14 remained unreachable. Extremely low volatility on the markets until Friday explained by hints expectations from the Fed about chances of soon rates rising. Yellen’s speech about possible September rising could not convince markets. However, Fisher, Fed VP, has commented that the words of his Chief they should consider as a hint for the possibility of the rate rising in September. This revelation brought to the markets a more…

Stock exchanges set the trend

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the euro-bulls didn’t let the pair cancel out the growth of Wednesday. The pair was picked up on the dip to 1.2700 and was pushed off above 1.2800. It’s absolutely unbelievable volatility in comparison with that mire, we observed last summer, when VIX reached the pre-crisis lows. Now it is at its three-year highs due to the impressive correction in the stock indices. It is that very profit-squeeze, we mentioned so often before. To be honest, we expected it much earlier, so now buyers’ enthusiasm has significantly subsided after hitting 2000 in S&P500. Another, more direct, reason for the beginning more…

USD is sliding down

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency was gradually declining on Thursday, but this decline was very small. The pair got support at 1.3070. And today during the Asian session EURUSD rose to 1.3140. The pressure on the dollar, about which we’ve been talking since the release of FOMC’s meeting minutes, is beginning to tell. We still stick to the opinion  that the US currency will be getting weaker in the coming days and weeks. To some extent it is connected with the fact that other countries show more and more improvement. In regard to the USA, optimism is restrained because of the disappointing reporting more…