Passive waiting

By GG Analyst in Reviews 0 Comment

EUR/USD

It seems that in contrast with the preceding two times the American legislators won’t come to an agreement in the last minute. This is sad. The farce is getting to a new level. But now it appears that Americans will be participants rather than spectators as all this will entail unpaid holidays for about a million of civil servants, closing of national parks and some agencies, and also automatic spending cuts in some spheres. When  the markets realized that, traders tried to put the dollar under pressure and, as a result, EURUSD again made an attempt to rise above 1.3550. Just more…

Politics force to avoid risky assets

By GG Analyst in Reviews 0 Comment

EUR/USD

And again politics are weighing upon Forex. This time the world’s major currency has troubles on both sides straight away. The USA is now one more step closer to the government shutdown (for the first time since 1996) and in Europe Berlusconi is about to hold another election. Both in the former and in the latter case the story isn’t new and has always turned out well, as politicians eventually  has found a compromise, very often being the delay in taking of “the most important decision”. A few more details on this. The US House of Representatives, which is made up more…

Tiresome flat trading

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency finds it difficult to hold above 1.35. Wednesday’s attempts to get back above this level turned into strengthening of pressure on the pair on Thursday. Yet, there wasn’t any utterly disappointing news about the eurozone. The market participants should generally feel the difference between the US and EU statistics. If with the former we are trying to assess how strong the growth is, with the latter we just feel the pulse: if the patient is alive or not. It is also important to feel this difference in the commentaries of officials. Thus, ECB’s Coeure reminded yesterday that the more…

Irresolute Bernanke and falling dollar

By GG Analyst in Reviews 0 Comment

EUR/USD

Are you surprised? If you a regular reader of our reviews, then scarcely. At the September meeting of the FOMC it was decided to change nothing in the policy of the Fed. The US dollar fell against the single currency by more than two figures. Partly it happened due to the local highs being close (1.34) – breaking through them gave rise to the across-the-board selling of USD. As a result, the movement stopped only at 1.3520, where the pair keeps consolidating now. Besides the traditional list of estimates of economic indicators the commentary to the decision also mentions that the more…

Keep calm and carry on

By GG Analyst in Reviews 0 Comment

EUR/USD

The pair is drifting within a very narrow channel, still leaving the gap of the beginning of the week unclosed. Yesterday during the Asian session it fell down to 1.3324, which is the lowest point of the week for now. Anyway, the pair managed to move off these lows and returned to the middle of the trading range – closer to 1.3350. It’s clearly seen that the market activity is dying down. More so, players for some reason don’t pay attention to economic statistics. Thus, yesterday’s economic sentiment for Germany and the eurozone proved to be better than forecasted – growth more…