Waiting for the happy end

By GG Analyst in Reviews 0 Comment

EUR/USD

Sometimes in films the most dramatic episodes are shown in slow motion so that we feel all the peripeties and depth of the moment. This time it was the same – sticking to its cinematic principles, the States is inching its way into the catastrophe, showing in detail how characters are trying to save themselves as well as the whole world. Yet, in this case events are real, so a happy end cannot be guaranteed. Besides, after the successful rescue in the dying seconds (many quite reasonably believe that politicians will have come to an agreement right by the deadline) life more…

Politics force to avoid risky assets

By GG Analyst in Reviews 0 Comment

EUR/USD

And again politics are weighing upon Forex. This time the world’s major currency has troubles on both sides straight away. The USA is now one more step closer to the government shutdown (for the first time since 1996) and in Europe Berlusconi is about to hold another election. Both in the former and in the latter case the story isn’t new and has always turned out well, as politicians eventually  has found a compromise, very often being the delay in taking of “the most important decision”. A few more details on this. The US House of Representatives, which is made up more…

A sudden return of EUR

By GG Analyst in Reviews 0 Comment

EUR/USD

Quite unexpectedly for us the currency market turned in the direction of the dollar’s decline. It occurred even before the beginning of the EU session, that is without any reason in the news background. As a result, from the daily low, which we described in our yesterday’s review (1.3461), the pair grew to 1.3536 in the midst of  trading in the USA. The movement to that area marked a return to the zone of highs after the Fed’s decision not to change the policy. If so, it means that the market has decided to get even higher, collecting stops above the more…

Expanding discrepancy

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday we said  that it was high time for the markets to start correcting. However, yesterday’s move can hardly be called a correction in the full sense of the word, as the single currency failed even to go above the intraday low of Wednesday and the daily high was almost the same as a day before. So, now we can speak rather about the end of growth. At such moments the most cautious traders take their profits, but the majority of traders haven’t joined the movement yet. It can be easily understood, as the most important event of these days  – more…

The market is again asynchronous

By GG Analyst in Reviews 0 Comment

EUR/USD

The markets have again stepped into the period when correlations between key currencies and assets are not valid. For example, growth of developing markets is usually accompanied by growth of stock indexes of these countries and entails increase in commodity prices. Already for three months we’ve observed growth of commodity prices, but notwithstanding this fact developing markets and also resource-based Australia and Canada have been suffering a serious capital outflow. The same with the EU currencies. EUR has been depreciating for four days in a row and is already not far off 1.32, trying to break lower. Yet the markets are more…