AUD tumbles down on low inflation

By GG Analyst in Reviews 0 Comment

EUR/USD

The euro survived the bearish pressure. The support rate of 1.3790 held out, thus preventing a chain reaction in the exchanges and triggering of stop orders. Today we expect the release of April’s Flash PMIs, which makes the day really  important for the euro. According to the consensus forecast, the rates will generally remain unchanged in the eurozone, but are likely to grow in Germany. The services sector, in the meantime, is expected to show acceleration in all the key points. In other words, investors look forward to further extension of the recovery, which usually spreads from manufacture to the services more…

Volatility down

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the players stirred the market just a little, leading EURUSD beyond the ranges of Friday.  In the low-volume market the pair still rose to 1.3829, but then came under pressure and went down to 1.3790. Apparently, the market players aimed at hitting the stop-order levels, thus causing intense volatility with low volumes. However, in general the market remained within the range and now trading has stabilized at 1.3800. This day doesn’t promise to be volatile either as the only important release scheduled for today is that on Existing Home Sales in the USA. It is expected that the latter will more…

Courage of the sterling

By GG Analyst in Reviews 0 Comment

EUR/USD

Because of the Easter holidays the markets have stayed in the mode of restricted dynamics since Friday. On such days it’s better to be on the alert to catch a sharp movement of the market should some unexpected news arise. In the meantime, without such news trading is held within a very narrow range. On Friday EURUSD was fluctuating in the range of 20 pips between 1.3822 and 1.3806 (at the closing time). During the Asian session today the pair went as low as 1.3804 and now it is again at the top of the mentioned range. As far as the more…

EUR won’t surrender 1.38 to USD

By GG Analyst in Reviews 0 Comment

EUR/USD

The favourable economic data together with a series of positive corporate reports again draw investors’ attention to the US assets. But if it looks like a true return to the traded ranges for stocks and increases the chances of hitting new highs in S&P 500, USD unfortunately can’t boast any significant dynamics. EURUSD doesn’t have a reason even to go below 1.3800, sticking halfway. To convince the dollar-bulls in the earnest nature of intentions the week should be closed below 1.3700, which will completely make up for the growth in the previous week. But it is very unlikely as today the more…

Yellen against USD

By GG Analyst in Reviews 0 Comment

EUR/USD

USD has been falling after Yellen’s words about ‘continuing commitment’ to economic support from Fed. It means that Fed’s governor remains dovish, just like at the end of the previous year. This softness anyway didn’t break the trend for tapering, set by another ultra-dove, Bernanke. In effect Yellen said that the threat is posed by deflation rather than inflation. In reaction to this comment EURUSD returned to 1.3840 during the Asian session. It is even possible that the growing energy independence of the USA is playing a crucial role here. The thing is that in the 2000s the global economic growth more…