On Wednesday, EUR / USD market dominated by the supply side, which led to the abolition of part of the recent increases from the 1,1016- 1.1712. The supply without major problems coped with the first level at 1.1465 and then after the break, headed for Tuesday's minimum at 1.1397. The strong support for supply was the last action of the People's Bank of China,...
Correction of the recent strong increases we have seen during Tuesday's session. As expected, he has come to the fore supply side, which led to the abolition of part of the gains from the 1.1016 to the 1.1712 level. Support for supply proved to be the People's Bank of China, which has lowered interest rates and improved consumer confidence reading of the...
Slump on Asian stock markets led to a wave of sell-off, which in turn was reflected also on the foreign exchange market, in which investors terrified of getting rid of the dollar. At some point, the euro strengthened against the dollar, up by 2.92% to reach 1.1710 level. Recently such high price levels we saw at the end of January this year. Currently, the course...
A brief summary of last week. In the last week we saw strong appreciation of the euro against the dollar, at 2.51%. Recently, similar increases we have seen in late April and early May of this year. The main factor for the strong sales dollar, concerns remain about the global slowdown, due to the deteriorating economic condition of China. As a consequence, it may...
On Monday, the currency pair EUR / USD remained below the important resistance level at 1.1129. Demand was not able to overcome this level even after weaker US data. New York manufacturing index was the worst since 2009 (-14.92 at market forecast 5.00). At the moment the currency pair is around the level of 1.1080, which is 38.2% Fibo level increases from 1.0857...
Summary of last week: The currency pair tested last week important resistances at levels 1.1129 and 1.1215. The increases were due to improving sentiment around Greece. An additional impetus for growth was the effect of the People's Bank of China, which devalued the yuan. A large part of the market took the bank's activities in China, as a reduction in the...
Positive news on Greece, at the beginning of the week led to improved sentiment in the markets, which resulted in gains in the currency pair discussed. On Monday there was to break the resistance level at 1.0996 and Tuesday was continued upward movement. After the withdrawal of an earlier low at around 1.0960 reached in demand around the resistance level at 1.1080...
Forecast for Monday: Friday's data from the US Department of Labor has failed to settle on the currency pair discussed and that means that no significant levels were not defeated. Although the market has led to the exit over the downtrend line, but this may be due, closing positions before the weekend. Tomorrow, we have no significant economic data, which could...
Another day without a decision on the EUR / USD pair. The currency pair moved on Thursday to consolidate between 1.0875 - 1.0940. Although we received today US data on the number of applications for unemployment benefits, but they are secondary data. Certainly I will not be original if you write that about the slaughter, will decide Friday's data from the Labor...
Oil is close to this year's lows 44 $ -45 $ per barrel, which should in the near future to limit further declines in prices. Nevertheless, you should remember not only the production oversupply by the OPEC area countries, which to a large extent, does not allow for the development of correction, or larger increases. Yesterday the US Department of Energy gave...
On Wednesday, despite a whole series of data from Europe and the US data, we did not get a definite answer as to the future direction of the currency pair discussed. It is worth mentioning that the PMI for the euro zone's biggest economy, and for the whole euro zone were better than expected. In contrast, US data proved mixed, the reading of ADP was worse than...
The currency pair most of the day moving in a narrow consolidation, which was caused by the lack of relevant data on the calendar macro. Although today met US data on factory orders, but the reading was in line with market forecast (1.8%) and did not affect a significant impact on the currency pair discussed. It seems that the market is waiting for further...
Summary Monday: The dollar gained slightly today despite better data from Germany and the Euro zone. Data from the US were much worse than expected but did not harm the dollar. Finally, none of the parties have failed to lead to a decision, no key levels have not been punctured. Minimum today recorded at the 1.0940 level which is above the major support at...
Summary of last week: Neither side could not take the initiative, which resulted in minimal appreciation of the euro against the dollar. The opening took place at the level of 1.0971, and closing the week slightly higher as at the level of 1.0988. On the one hand, we had information that supported the dollar (the basic contract of fixed assets and records of the...
The currency pair reached last week to the resistance zone located around the level of 1.3101. Recently such high price levels we saw on July 24, and in 2008-2009. Strong gains last week were caused by poor GDP reading for Canada (-0.2% at the forecast 0.1%). It is not without significance for the Canadian dollar remain further declines in oil prices, to which the...
Summary Wednesday: Today most of the day the market behaved fairly stable waiting for the FOMC notes. To greater volatility occurred after the announcement notes. The currency pair after breaking the resistance level at around 1.1065 eventually turned south, breaking the 1.10 level. At the moment, the minimum recorded in the second support around 1.0966. The Fed...
Summary Tuesday: Strengthening of the dollar today was due to profit-taking after reaching yesterday's highs at 1.1129. Additional support for supply was dodarcie to the trend line drawn on the tops of 29 June and 10 July. Today also begins a two-day Fed meeting at which decisions may be adopted about interest rate hikes. Market expectations assume increases in...
Summary Monday: Today, we saw strong growth in around 1.1129. In the first part of the demand a good data from Germany. The Ifo business sentiment index was better than expected, which was a surprise given the recent turmoil with Greece. Then we got to know better US data that has been ignored by the market. Euro at the end of the day it was still strong and...