The United States are losing market focus

By GG Analyst in Reviews 0 Comment

USA White House

EURUSD

After Brexit the key currency pair of Forex market is moving in a relatively tight flat channel 1.10 – 1.1160. The pair was stuck to the lower boundary of this corridor at the end of the last week. All these movements appear around 200 MA, showing to the full extent fundamental market trample without a trend. On Friday we received quite strong retail sales and CPI from the USA. However, traders are not in hurry to bet on dollar, assuming that Federal Reserve prefers to monitor the stability of the strong data before it continues policy normalization. In one way more…

Preview: 4 decisions of Central Banks and no changes

By Admin in Reviews 0 Comment

Currencies

EURUSD

During the first half of the week the USD was influenced by the extremely weak payrolls from the USA. Moreover, on Monday Yellen totally destroyed the bulls hopes for the rate raise in June. She announced again the cautiousness that should use the Federal Reserve while the making rate decision. Hence, we should not worry either about unexpected policy tightening next week. As well FOMC forecasts about rate and economy growth remain uncertain. They may again reconsider GDP expectations to the decline side. As per the rate forecasts the uncertainty is much higher.

Weekly unemployment claims, released at the end of the more…

Brief moment of simultaneous growth of the markets and the Dollar

By GG Analyst in Reviews 0 Comment

USD rising

EURUSD

The current week is after dollar, regardless of the fact that half of the time USD was retreating. The week before, market participants received many signs from the Federal Reserve members about rationality of the sooner policy tightening, but the dollar’s rally was not considerably strong, based on their warnings. The markets were waiting for such announcements from Yellen. Her Friday speech before long weekend attracted more attention in the situation without other important releases. And she said what she had to say: without stating specific dates, she notified that she is tending towards soon rate raising. Her speech pushed dollar more…