EUR is under unfairly strong pressure of the market

By GG Analyst in Reviews 0 Comment

EUR/USD

It cannot escape your notice that the market puts too much pressure on the single currency, even despite the news. Yesterday’s GDP statistics for Europe proved to be more than pleasant. France, with its growth by 0.5% in 2Q against the expected 0.1%, impressed a lot. Germany demonstrated an even stronger growth, but its 0.7% q/q proved to be closer to the forecasted 0.6%, and therefore aroused little surprise in the market. We can be glad for Portugal, whose economy grew by 1.1%, albeit this growth had been preceded by ten quarters of decline. With such favourable growth rates in particular more…

JPY and CHF are fading against demand for risk

By GG Analyst in Reviews 0 Comment

EUR/USD

Tuesday was an eloquent reminder of the fight, that is now going on between the dollar-bears and bulls. Yesterday the victory was gained by the former. At the end of the day EURUSD was trading around 1.3260, that is 40 pips below the daily open, and a few hours before that, at the beginning of trading in New York, the pair had managed to go as low as 1.3230. Looking back at the Asian and European sessions, we see that already then the pair couldn’t get a grip on the levels above 1.3310. A few attacks were repulsed, so even the more…

USD stopped falling for a while

By GG Analyst in Reviews 0 Comment

EUR/USD

As had been supposed, there was no important news on Friday, so the market was in the profit-squeeze mode after quite a good rally earlier in the week. During the correction EURUSD fell from the area around 1.34 (Thursday’s high) down to the levels below 1.3320 (on the opening of this week’s trading and now). To some extent the modest performance of the single currency can be explained by weakness of the Asian exchanges, which have dropped down to the six-week lows.  Actually, there’s nothing left for EUR to do but react to the information coming from the outside, as there more…

So the last will be first

By GG Analyst in Reviews 0 Comment

EUR/USD

The dollar keeps getting weaker. It’s depreciating against all those currencies, which were the weakest in the first half year. Anyway, EURUSD is also distinguished by growth. Yesterday the bulls managed to “probe” 1.34. The pair was that high as far back as the middle of last June. Earlier we mentioned it more than once that the pair shouldn’t have any problems with breaking through this level. It’s even possible that the bulls will push the pair up to 1.36, which corresponds to the annual highs, but the further prospects of the pair depend on lots of factors, the majority of more…

Carney shook up the pound

By GG Analyst in Reviews 0 Comment

EUR/USD

As we  warned about at the beginning of the week, the dollar has commenced retreating. Lockhart’s and Evans’s claims provided only temporary support to the dollar. Further, other factors like improvement in Europe have come into the play. Technically, the dollar is affected by the fact that many currencies of the developing countries have become overbought over the preceding months. In such circumstances the US currency will find it hard to grow. The dollar is more willingly purchased in the times of uncertainty. And now we find more and more signs of faster growth of the developed economies. At least now more…