Canadian dollar returned back below 1.30

By GG Analyst in Reviews 0 Comment

Canadian Dollar

EURUSD

The main currency pair on Forex continues its boring movement within side channel. Still traders cannot find reasons for a trend – positive or negative. Mainly, such passive attitude is explained by interesting movement of other currencies as well as absence of news-drivers for the market. However, it means that markets are generating power ahead the new sharp movement. We just have to understand which side movement is most possible, and where we will have only speculative trades. So, Friday news on wholesale inventories and sales caused the re-estimation of the USA GDP growth to declining. Now the leading investment banks more…

The week is stormy not for everyone

By GG Analyst in Reviews 0 Comment

Quotes

EURUSD

Euro continues moving around 1.14 with the support at 1.1350 and resistance near to 1.1410. This week was not full of important macroeconomic reports, therefore many traders were waiting for volatility caused by Yellen conference with her forerunners as FRS Chairs – Bernanke, Greenspan and Walker. This speech was less dovish than the previous but not that much dovish to fluctuate dollar. We did not receive any reasons to reconsider rate expectations. The pair could not break the trading channel. Probably, traders were concerned more about other markets and have forgotten about common currency. We can emphasize some good news from more…

The main issue of the Pound

By GG Analyst in Reviews 0 Comment

GBP Brexit

EURUSD

Last 24 hours Euro is moving rather nervously. Yesterday, slipping back to 1.1320, the pair unexpectedly rallied up and managed to reach 1.1430 in the middle of the American session. By the end of the day Euro remained below 1.14 level, though today bulls made one more attempt to attack the price and the pair for some time has jumped up to 1.1450 – the highest level since October,15. But in a couple of hours again it was at 1.1350 level. If we look above those wild bounces we can easily notice that as a whole trading of EURUSD is going more…

A creeping dollar

By GG Analyst in Reviews 0 Comment

Bull-NYC

EURUSD

The pair is slowly sliding down, recovering the previous growth and formatting the expectations for the further more serious turn. The possibility of such scenario will rise when (and if) EURUSD breaks the support line of the climbing channel that appeared at the beginning of March. Currently, there is a threat that pair will drop below 1.1300, 50 points lower from the current prices. However, it is difficult to find among macroeconomic news the only one, which is strong enough to move market from the current trend. Strong data from the non-production USA sectors in March influences market less than usual more…

Aussie upstream flow was not long

By GG Analyst in Reviews 0 Comment

Оссси

EURUSD

The pair is stuck in the range of 1.1350-1.1400. On one hand, it is under pressure of common feeling for the USD growth, but at the same time, the pair is supported by assets escape, especially visible in Asia. We still forecast more negative risks for the pair. During the last growth impulse last week of March EURUSD reached the highs of the middle of October and it can be currently under short-term pressure. But we cannot exclude either the longer decline wave since the pair has hit the long-standing and relatively strong resistance area. Apart from the strong American data more…