USD is gradually losing ground

By GG Analyst in Reviews 0 Comment

EUR/USD

If there’s no news, journalists can easily invent it or present one man’s opinion as the mood of the whole committee. Thus, yesterday from Der Spiegel it became known that the ECB would probably fix the ceiling of spread deviation between the EU government bonds. Such rumours stirred hope in the markets, supporting the euro and making Spanish bond yields go down. However, the CB didn’t let the positive spread, stating that the measure was still to be discussed and that the idea was not an official stance of the Bank, but just the opinion of one of its members. Apparently, more…

Still out of trend

By GG Analyst in Reviews 0 Comment

EUR/USD

Friday ended with quite an unexpected drop of the euro. As a result, last week’s performance looks rather puzzling. On Wednesday the single currency tried to break below the support line of the upward channel. However, already on Wednesday the powerful spurt upwards made it clear that the fall was false and that the purchases of the pair on the dips could be resumed. But it is not all that simple. On Friday, after a fruitless attempt to hit 1.24 (the highest point reached was 1.2381), EUR/USD reversed down and at some point hit the low of 1.2288. By now the more…

Core nations: still mighty

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency is cautiously crawling up. Yesterday without any particular reason and news background the euro rose by a point to 1.2370. At night there was a slight correction, which has already been fully recouped by now. From the EUR/USD chart it is clearly seen that at the end of the last week and at the beginning of the current one the euro touched the support line of the upward trend and went up. The range of this channel makes about 2 points. This means that the upper boundary is now above 1.25. For the first time in a long more…

If no growth, then a fall

By GG Analyst in Reviews 0 Comment

EUR/USD

Judging by the newspaper headlines of the beginning of the week, it looks as though the situation had come under control of Draghi since Germans have become more yielding in regard to the issue of common bonds. Since then the markets haven’t seen any significant details on this. Most of the markets have been trading sideways, each time fearfully bouncing off the highs. But the euro has been methodically giving up its positions after Wednesday’s highs. Basically, diversity in the performance of currencies with equal reaction to risk demand is not a frequent case. Very often, this doesn’t last for long more…

EUR stays up thanks to the overall positive, not improvement of EU affairs

By GG Analyst in Reviews 0 Comment

EUR/USD

On Wednesday morning the markets were rather quiet, preferring to take profits after hitting fresh local highs. However, already in the afternoon the attempts to reach new highs ended with success. This night the S&P futures rose to 1403 after closing of the American session. It’s not the first day we see the following picture: American investors eagerly buy risky assets, while during the Asian and European sessions there dominates a cautious or defensive trading. Such behaviour is directly connected with the general economic performance and news coming from the region. Yesterday Germany once again demonstrated a perfect level of trade more…