Bad quarter for the Dollar

By GG Analyst in Reviews 0 Comment

USD

EURUSD

The pair EURUSD went up to 1.1380 that was caused by several factors. The market came through quite good employment data from ADP and again started to sell USD after Evans’ comments. Actually his speech was an echo of his boss Yellen’s announcements that we heard the day before: declining risks for the US economy, high market volatility, necessity in gradual rate increasing. Though, the common currency is supported as well by the strong EU inflation indicators. Yesterday Germany estimated price growth in March by 0.8%. This is much higher than expected 0.6%. As a result annual pace returned to more…

Will Yellen become a “hawk”?

By GG Analyst in Reviews 0 Comment

Janet Yellen

EURUSD

Household spending from the USA woke up market participants. Spending of Americans grew in February by 0.1% that is two times less than expected rise and is reflecting January declining tendency. Prices as well could not beat the expectations. Core PCE, the preferable inflation measure of Fed, has added 0.1% monthly after January increase by 0.3%. Though, forecasted increase was 0.2%. Annual growth rate remained the same – 1.7% y.o.y. while the forecasted growth was up to 1.8%. Personal earning continued to increase adding in February 0.2% after raise by 0.5% a month ago and by 0.3% during 3 months in more…

Short-term bottom of USDCAD

By GG Analyst in Reviews 0 Comment

USDCAD

EURUSD

Trading activity went quiet not getting news releases alongside with Eater holidays in banks, main market players. EURUSD is keeping moving at 1.1150 since Thursday. Though, during this period we did not have any significant macroeconomic data release. We can stress only the GDP 4th quarter increase. Yearly growth of GDP (quarter dynamics multiplied by four) reached 1.4% against the expected 1.0%. The nice surprise should not be considered that big if we take into consideration that the increase has occurred due to reassessment of personal consumer spending. For the time being this did not make any impact for Forex market. more…

EUR got close to 1.31

By GG Analyst in Reviews 0 Comment

EUR/USD

This week the EU is planning to discuss a new stage of sanctions against Russia regarding help the latter delivers to the Ukrainian separatists. Their success has been producing a negative effect on the situation in the markets lately and, as a result,  has put pressure on the single currency. Another round of sanctions will hamper the economic potential of Europe even more. EURUSD has reached 1.3112 this morning in view of the growing geopolitical risks. Also, the euro is affected by hints of Mario Draghi, made a week ago in Jackson Hole. After his speech now the markets expect further more…

USD has been bought beforehand

By GG Analyst in Reviews 0 Comment

EUR/USD

This week we expect a whole series of important macroeconomic news from the USA. It will all start with the release of the GDP data for the second quarter on Wednesday. Further the baton will be picked up by the FOMC’s decision on QE and interest rates and by employment stats on Friday. The GDP is expected to show impressive growth against the recovery after the disastrous first quarter in the background. The Fed will hardly suggest anything new except for the 10-billion tapering of the asset purchasing programme, but traders and investors will still look for hints at the earlier more…