They bought back Dollar on weak Payrolls

By Admin in Reviews 0 Comment

USA

EURUSD

During last week, trading was focused around expectations of labor market news from the USA. The officials can change earlier access to some information, so they were waiting for the strong employment data. Hesitations about it appeared along with the release of the US PMI. The index dropped below 50, reflecting lack of activity in August. Car sales as well could not bring some joy, so dollar was under pressure and EURUSD returned to the area 1.1200. For the previous four days the pair crept down to 1.1100, but could not to break it lower. Weekly unemployment claims as well supported more…

Three global scenarios for EURUSD

By GG Analyst in Reviews 0 Comment

EUR/USD

EURUSD

The common currency was trying to fix itself above 1.13 level several times during two previous weeks. Bulls managed to accelerate the pair highest possible up to 1.1360, but the key resistance at 1.14 remained unreachable. Extremely low volatility on the markets until Friday explained by hints expectations from the Fed about chances of soon rates rising. Yellen’s speech about possible September rising could not convince markets. However, Fisher, Fed VP, has commented that the words of his Chief they should consider as a hint for the possibility of the rate rising in September. This revelation brought to the markets a more…

Either Yellen or oil will reverse the market

By Admin in Reviews 0 Comment

Janet Yellen

EURUSD

This week EURUSD was one step away from the important resistance area – 1.14. Bulls were feeling lack of informational reason to push the pair against that level – no important news were released on Friday both from the USA and Eurozone. Even not taking this physiological level, the Dollar’s retreat looks more like capitulation. Market participants are more and more confident about the feeling that Fed reserve will not tighten the policy this year, especially in September. Meanwhile Fed officials, conversely, say more often that they should not exclude such event. Minutes of July FOMC meeting eventually caused the wave more…

Expectations are the first and foremost

By GG Analyst in Reviews 0 Comment

Waiting

EURUSD

The influence of strong indicators of the labor market from the USA, issued on previous week, did not keep for a long time. On Tuesday, markets again tended to sell dollar. Eventually, by Friday the pair EURUSD reached 1.1250, getting back to the local lows of August. The released statistics calls our attention to the decline of labor efficiency in the USA and the simultaneous increase in expenses for the workforce. That is the evidence of hiring new employees by the companies. The efficiency grows when they fire people and replace them by programs. Therefore, the decrease is not such a more…

Dominance of downtrends

By GG Analyst in Reviews 0 Comment

Bears

EURUSD

Friday payrolls from the USA appeared strong. It is important to mention that not only employment increased but either wages growth accelerated. Thus, all together those indicators shifted expectations what gave the powerful impulse to buying USD against most currencies. For EURUSD this strong data resulted in a big drop of 110 points and in a support level a bit higher 1.10. At the beginning of the new week the pair was traded around this level, reflecting the traders’ search for new impulses. Trade has been consolidating around 1.10 since the end of June. As well the pair is traded currently more…