Asynchrony of markets

By GG Analyst in Reviews 0 Comment

EUR/USD

The payrolls were somewhat dubious. On the one hand, the January data proved to be worse than expected, but on the other hand the rates of many previous months were revised up. Thus, it turned out that a year ago, in January 2012, the US labour market grew by 311K, while in January 2013 it added just 157K, i.e. twice as little. This growth rate lags behind the natural population growth, so it’s not surprising that the unemployment should rise from 7.8% to 7.9%. The earnings keep growing at a pace slightly higher than the inflation rate, demonstrating 2.1% for earnings more…

A rare thing: EUR and USD are both growing

By GG Analyst in Reviews 0 Comment

EUR/USD

On Friday a decisive move was done. Having summoned their strength, the bulls defeated the bears and broke through 1.34. Then, after some consolidation, the upsurge continued. As a result, on Friday EURUSD reached the high of 1.3478, the daily low then made 1.3348. The growth was partly boosted by positive Ifo Business Climate in Germany. Again and again we see that indicators show better rates, which promises a higher business activity later in the year. Last week started with the improved ZEW data, which were followed by favourable PMI and at the end of the weak by positive Ifo stats. more…

Don’t try to stop the train running down full speed

By GG Analyst in Reviews 0 Comment

EUR/USD

The tug-of-war in EURUSD goes on. Strong impulses to sell end with gradual purchasing of the pair. Yesterday the lightning sale, which pushed the euro down straight by 60 pips in a bit more than an hour, turned into the victory of bulls. At the end of the day the positive news background finally gained the upper hand. And as a result, we are again about to break through 1.34. Surprising enough, but the good news came from Germany. The preliminary estimate showed quite a handsome increase in the Manufacturing and Services PMIs. In January the Manufacturing PMI grew to 48.8, more…

Decisive battle between bulls and bears

By GG Analyst in Reviews 0 Comment

EUR/USD

Yesterday there was a real tug-of-war in the markets. It’s surprising that none of the camps won and EURUSD closed out the day just where it started it. The upward impulse in the pair was felt at the beginning of trades in London. Just as we expected, the bulls made another attempt to break through 1.34. The bears proved to be stronger, the pair didn’t even touch this level. The markets gossiped about the problems of Germany’s banks – that some of them would need fresh capital and others would even face splitting. Anyway, the bears failed to launch a full-fledged more…

Turn for the better

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency got a strong impulse for growth after the lull on Monday. Formally, it happened after the publication of the BOJ’s decision. Actually, it was just a reason for traders to join the game since earlier they preferred to abstain from trading in anticipation of the major event. Moreover, the purchases of the euro were boosted by the positive news from the region. Dutch Finance Minister Dijsselbloem was elected the new head of the Eurogroup. Besides, it also became known that in March the Eurogroup will consider a bailout of Cyprus. Cyprus is not a big country, but the more…