Roller-coaster

By GG Analyst in Reviews 0 Comment

EUR/USD

The payrolls caused much trouble to the dollar. The employment stats were poor enough for the market participants to sweep away all thoughts about the stimulus tapering by the Fed in the near future. Yet, the negative news on the labour market didn’t drive the markets into pessimism as stock markets were growing. The US dollar tumbled down to the 23-month low against the euro. From Tuesday’s low of 1.3660 EURUSD has already grown to 1.3790. According to the published statistics, the number of new jobs increased by 148K against the expected 180K.  The unemployment decrease to 7.2% again occurred due more…

Waiting for the payrolls and final attack on USD

By GG Analyst in Reviews 0 Comment

EUR/USD

The dollar made at least a pause in its decline, when yesterday it failed to break above the eight-month lows in the index. Moreover, the dollar bulls even tried to attack, which spilt over into the drop of EURUSD to 1.3650 at some point. By the end of the day a part of those losses had been recouped, but talks about fresh highs in the pair are no longer relevant. Anyway, to continue the reversal players need more certainty. This certainty may probably come from today’s employment data. The payrolls, which have been detained for over two weeks, will be published more…

Classic Forex market

By GG Analyst in Reviews 0 Comment

EUR/USD

Lull in Forex is accompanied by across-the-board growth of stock exchanges. At the end of the previous week the single currency tried to continue its upsurge towards the yearly highs, but was stopped at 1.3700. The bears managed to go off these levels by 30pips and since then the currency has been trading mainly there. In the meantime corporations from around the world are accounting for their profits. They demonstrate quite good results, which together with the opening of the US government and fewer risks of the QE curtailment creates a favourable environment for purchases of risky assets. One more observation more…

USD is sinking because of risk demand

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday we witnessed a splendid rally against the dollar. Let’s be honest, it was quite a surprising thing. EURUSD grew from the lows of Thursday (1.3470) by over two figures. The markets slowed down only near the yearly highs, at 1.3680. Now we see some consolidation, so the pair has managed to retrace by 20pips off yesterday’s highs. When ascending, stock markets managed to hit a fresh historic high at 1733 (for the December futures). Psychologically the optimism is understandable: the markets got the long-awaited relief and the debt ceiling increase, which is able to arouse demand for risky assets. But more…

Games of the dollar

By GG Analyst in Reviews 0 Comment

EUR/USD

The Congress voted for the debt ceiling increase. Now the Treasury is allowed to take loans at least till February 7. Exactly by this time all disagreements regarding the deficits and government spending structure are expected to be eliminated. Besides, the Treasury is allowed to take measures to postpone the date, when it runs out of money. According to different estimates, it may be in March-April. But it doesn’t mean that the political crisis is postponed till that date. The nearest deadline, set by lawmakers, is December 13 – by that time the lawmakers will have to approve a long-term deficit more…