EUR and GBP are going against USD

By GG Analyst in Reviews 0 Comment

EUR/USD

Taking into consideration the fluctuations of the recent months , this week’s movements look as fluctuations near the uptrend support. Breaking through this line (supposedly 1.3510 by the end of the week) will allow speaking about a serious bullish sentiment in regard to the dollar. Now bulls prefer attacking on the flanks, putting pressure on the currencies of the export-oriented economies like Australia, Canada, Russia. But, in our opinion, it is a temporary situation and soon the EU currencies will come under a stronger pressure. To be more exact, the dollar will commence growing. The risks concerning the euro lie with more…

Forex still can’t venture to attack important levels

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday’s hopes for a quick attack of dollar bulls failed. Though we were right in our forecasts regarding ZEW, the single currency didn’t manage to break through 1.3500 and during the Asian session today the pair grew to 1.3580, thus exceeding the daily high of Tuesday. As you remember, yesterday we supposed that Germany’s business sentiment would weaken, against the general expectations of growth. The actual data showed decline from 62 to 61.7 instead of growth to 64.0. Strictly speaking, the figures are not bad, at least they are not too poor so that the euro ram 1.3500. So, this event more…

Expecting RBNZ tightening and BOJ stimulus

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday we spoke about growing signs of a reversal in the pair. Though it was a quiet day yesterday and the single currency even went off the local lows, we are now only firmer in our belief. Yesterday’s move from 1.3506 up to 1.3560 was nothing more than a correction after the impressive decline on Friday. Since neither Friday nor yesterday brought any important news, which would have accounted for the movement of the euro/dollar, the latter should be treated from the technical point of view. The drop by more than a figure, which was then followed by a proper pullback more…

Bulls’ spurt

By GG Analyst in Reviews 0 Comment

EUR/USD

Despite the strong domestic statistics, the American currency still feels pressured. Nevertheless, the pressure weighs not only upon the US currency, but also on other safe assets. The yen and franc are suffering and the stock markets keep demonstrating impressive growth. This surge of optimism has been caused by the news that the US employment market is doing well. The weekly unemployment claims have reduced by 42K to 338K instead of growing to 380. The forecasters have made a serious mistake, or probably it is all about the holiday season, when population gets less active. After all, the number of continuing more…

Marking time

By GG Analyst in Reviews 0 Comment

EUR/USD

Two steps back and a step forward – this is approximately the way in which describe the dollar’s performance in the recent days can be described. On Friday and yesterday it was retreating, thus giving bulls an opportunity to test 1.3700. Yet, all the attempts to get above 1.3710 were not very confident and were immediately followed by a pullback at a safe distance. Now trading is held at 1.3680 and the dollar is getting some support as the Fed’s hawk Fisher has mentioned that he was advocating a bigger cut of the purchases last week. This news, as well as more…