Sterling is eager to go higher

By GG Analyst in Reviews 0 Comment

Pound

EURUSD

EURUSD pair yesterday was slowly moving higher though its dynamics was weaker that on such risk sensitive pairs as GBPUSD. Although today the common currency, probably, decided to accelerate adding around 40 points during last 1.5 hours and reaching 1.13 level. In a downtrend channel there is still enough place for a growth and without news from Europe the bulls can increase easily their attack pushing Euro higher the round mark. Important news will be released only by the beginning of trades in the USA. Durable Goods Orders will be released, and a bit later – CB Consumer Confidence. Durable goods more…

Euro, yen and aussie are falling

By GG Analyst in Reviews 0 Comment

World

EURUSD

On Friday common currency was under pressure increasing its downtrend that was formed at the end of Thursday trading. Important is the fact that such decline was not caused only by USD growth, as well we could monitor GBPUSD growth. The pressure in UERUSD pair cannot be explained either by positive mood of stock markets since most world markets, except of Japanese market positive tendency, were in a red zone. By the end of the trading day the pair declined to lowest level since the end of March 1.1210, having renewed April lows to 1.1233. Today bulls are trying to form more…

Euro bounced and returned back

By GG Analyst in Reviews 0 Comment

Euro

EURUSD

Yesterday, during Draghi’s speech, common currency experienced higher volatility than usual. Big volatility on a market is a common thing, unusual here was the fact that eventually common currency stooped moving at the same level where it started, and today it is trying to start declining. Active buying of the common currency was caused by the perception of the markets that ECB does not want to hurry up with the further measures and as a whole mentions positive tendency (despite of announcement of negative inflation in the following months). However, the pair, obviously, does not have enough power and reasons for more…

They sold Euro before Draghi’s speech

By GG Analyst in Reviews 0 Comment

Mario Draghi

EURUSD

Traders could not resist the tension. After quite stable growth inside a tight channel the pair broke its support at 1.1350 and went down for more than a half figure. Today traders have enough time before the coming Draghi’s speech, therefore they are not in hurry to buy cheaper euro but instead boosting selling. Except risks of monetary policy, pressure to common currency caused either by higher demand for risky assets that makes the protective function of the common currency less attractive. Moreover, we should notice good indicator of home sales. Existing Home Sales in March added 5.1% that was higher more…

Market accelerated at dollar’s selling

By GG Analyst in Reviews 0 Comment

Euros

EURUSD

Yesterday the pair was developing its attack during the whole day, almost reaching the area of consolidation from the beginning of April. They did not have enough reasons for firmer step. Tomorrow the pair will face another press-conference of Mr. Draghi. Last years this event creates high volatility for euro and can compete with payrolls release. The pair’s rise was supported either by Building permits from the USA. Instead of expected growth by 2% it lost 7.7% and this was the decline for the fourth month in a row. Housing starts in March increased even more – by 8.8%. Today the more…