Weak Oil again supports USD

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday the euro was under pressure due to another tide of demand for the dollar. The US currency again enjoys popularity in view of growing concerns about the oil price wars, unleashed by Saudi Arabia. The main player of OPEC agreed to lower the release price of oil for China, which entailed higher pressure on the global oil rates. For the most part, this policy of Arabia comes from the intention to preserve its share in the market and keep the USA out of the shale oil business. It is supposed that if this business  remains on the edge of profitability, more…

Pernicious for USD, favourable for EUR

By GG Analyst in Reviews 0 Comment

EUR/USD

The US market was trying to form a rebound off the weekly open almost all through the day yesterday, but these attempts were ruined by the bears’ finale. As a result, the stock exchanges again fell sharply, developing last week’s decline. This behaviour of the stock market has a beneficial impact on EURUSD. During bears’ attacks the euro is growing against the dollar. Yesterday afternoon the pair went as high as 1.2757, thus growing by a figure and a half over the day. The fluctuations of the recent week vividly show how much the market volatility has increased. Traders are trying more…

USD eases pressure

By GG Analyst in Reviews 0 Comment

EUR/USD

Last week ended with a slight appreciation of the dollar. But this growth wasn’t enough to make up the losses, suffered earlier that week because of absence of a sound reason. This week players seem to be willing to continue locking in profits in the US assets. The dollar and stock indices are falling simultaneously. It is remarkable that S&P 500 has gone below the local low of August and is at risk of getting to the highs of early March – mid May. These levels (near 1870) can become quite a good support just the same way they served as more…

The bearish market for Oil

By GG Analyst in Reviews 0 Comment

EUR/USD

The pressure on the dollar failed to last for all day long yesterday. EURUSD was reversed near 1.2800 and pushed off to 1.2665 during the New-York session. This decline made up for almost all losses suffered on the release of FOMC’s minutes. Now the pair is close to the support level of the short-term trend. If in the coming hours bears become more active and manage to push the pair below yesterday’s lows, the dollar will be strong enough to resume its rally and continue growing in accordance with the fundamental indicators. However, should the upward movement continue, we will probably more…

FOMC fears growth of USD

By GG Analyst in Reviews 0 Comment

EUR/USD

The Fed’s minutes showed that FOMC is in a more peaceful mood than expected. As seen from the comments, published yesterday closer to the end of the US session, the Committee feared that changes in the comments would be taken in the wrong way by the market. As you remember, in September many expected that FOMC wouldn’t mention that the rates would stay low for ‘a considerable time’ any more. The forecasts contain fears that the slowdown of the global growth can affect the closeness of the US monetary policy tightening as slower growth results in the increased demand for the more…