The dollar could not grow on payrolls

By GG Analyst in Reviews 0 Comment

Payrolls

EURUSD

Employment indicators from the USA managed to help the American currency in the short term. After quite unusual growth of the pair by 70 points before the release, EURUSD affected by the good statistics from the USA has dropped by 10 points at 1.1330, but it finished the week at 1.1390 showing increase by more than 2 figures. Probably, investors lean towards selling other assets versus USD rather than EUR. Though, Friday reaction could be just reflection of market model that was dominated in the first quarter, meanwhile other assets could have the profits fixation from the expectations of the USD more…

EUR and GBP are moving in different directions

By GG Analyst in Reviews 0 Comment

Gold

EURUSD

The pair touched yesterday 1.14, and some traders decided to fix their profits. However, today bulls again are trying to climb higher than that level. Such activity of the market players is rather unusual. More often before the USA employment data are released markets behave very quiet focusing on the upcoming news and lately blowing the chosen trend with the total strength. Nevertheless, last months have shown that employment data from the USA losing its big influence, not affecting huge bouncing on stock and Forex markets. The reasons of this are not in the underestimation of the data but in the more…

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…

Yellen cuts growth attempts of USD

By GG Analyst in Reviews 0 Comment

EURUSD

EURUSD

Yesterday Yellen stopped dollar’s slow strengthening. After her speech USD started declining in many market. Eventually, EURUSD is again close to 1.1330 – the highs caused by comment after March FOMC meeting. It’s not clear yet if the pair is going to pass this level but Federal Reserve, obviously, wants to weaken the dollar. Moreover, Fed Chairman has started her speech naming the risks of China’s economy slowdown. And market analysts started joking that Federal Reserve became dependant on Chinese data instead of previously dependency on the US data. Though, apart from the pressure instruments on their own currency, FRS has 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…