Summary Monday: The Sunday session has opened up a gap trend (1.0995) as a consequence of information that sprang from Greece. Minimum seen at 1.0970, and like a week earlier demand led to the closure gap. Maximum dropped out at the level of 1.1096. Currently, the currency pair is trading at 1.1050 indicates weakness in demand. A few words about Greece and the...
Summary of last week: The currency pair opened one of the largest gaps downward in recent years. This was the result of uncertainty related to Greece. Markets remained constantly on the alert which led to strong fluctuations and even incomprehensible movements. After opening the trend we saw the bottom of the 1.0954 level and then, without major problems has led...
Summary Monday: Today the market has led to downward closing the gap that took place at the opening on Sunday. Strong declines were caused by the information we sprang from Greece. Minimum dropped out at the level of 1.0954. Then came the voice of the demand side, who closed the gap to fall and lead to further increases at 1.1279! Economic calendar for Tuesday:...
Summary of the week: In the last week the single currency was weaker against the dollar by 1.35%. To a large extent this is due to the uncertainty around Greece and the future of the whole euro area. The dollar also was supported by good data from the US, which reassures the market in the belief that the first increases in interest rates will fall. In the coming...
Summary Thursday: All the time, the EUR / USD remains in consolidation between 1.1240 and 1,1150-70. During the day we met good data from the US, however, they failed to lead to strong declines and the market accepted it without euphoria. Stagnation in the markets is due to the unclear situation in the negotiations between Greece and the EU. Economic calendar...
Summary Wednesday: According to yesterday's analysis, today we can include as a correction of yesterday's strong declines. According to the forecast I assumed increases in the vicinity of 1.12 and 1.1240. The maximum we could see at the level of 1.1236 and then saw profit-taking, which caused declines in around 1.1170. It is worth mentioning that the weaker...
Summary Tuesday: Today there was a strong declines from 1.1349 to 1.1134 level. The dollar strengthened against the euro due to the problems of Greece, which has the end of June to pay back 1.6 billion euros to its creditors. Greece every moment presents new proposals, however, between the EU and Greece comes the question to the large discrepancies. It is worth...
Summary Thursday: According to yesterday predicted, the EUR / USD corrected yesterday's first increase in the support area 1.1230 and then demand has led to successive increases and defeated yesterday's high of 1.1286. This led to increases in the vicinity of the resistance zone 1,1350-90. Currently, the realization of profit, which got support in the form of...
A brief summary of Wednesday: Today pierced 1.1225 level and this means that the first variant was realized yesterday's analysis. In this case, we will move towards recent highs at 1.1456. The fuel for growth was weaker ISM index reading for the services. Data from Europe have proved to be better, as confirmed also by Mario Draghi at a press conference, stating...
A brief summary of Tuesday: Today we recorded very strong growth that exceeded their most optimistic strength. The demand received support in the form of better CPI reading from the Euro zone. However, the biggest driving force for growth were informed of the imminent agreement with Greece's creditors. Demand without any problems broke resistance and led the...
A brief summary of Monday: Today there has been a decline, without the expected correction in the vicinity of 1.1040. This means that the alternative embodiment, which assumed no test zone decreases resistance was today realized. To a large extent the impact of the weakness of the euro have today, weak data from Germany and a good reading of ISM for industry in...
A brief summary of May: The dollar weakened slightly last week, in large part because it was a strong sell out on a pair of EUR / USD. Macroeconomic data from the US were mixed but they were not bad, it may suggest that growth at the end of the week, they are only a short correction before further declines. It should also be noted that the euro has weakened over...
A brief summary of Tuesday: Today, the supply side has once again demonstrated the strength. The market starts to discount the difficult situation in the negotiations between Greece and the European Union and better US data will likely show that the US economy bounced up after weak readings from the first quarter. Minimum recorded at the level of 1.0862. The...
Summary Monday at a glance: Small liquidity and apathy in the stock market in the absence of markets for the US and the UK. The currency pair moved today, in a narrow range between 1,0958-1,1011 within the local consolidation. Economic Calendar for Tuesday: 14:30 USD Core orders of fixed assets 14:30 USD Orders assets 15:00 USD composite house price index S &...
Summary of last week: Last week was one for the dollar, which strengthened against the euro by more than 4 cents, erasing the last two weeks of the euro rises against the dollar. The dollar's strength was based on several factors. Analyzing the EUR / USD pair last week pointed out that the euro has no basis for further growth, without strong macroeconomic data...
Summary of last week: The dollar weakened against the euro in the fifth week in a row. The strength of the dollar weakened after the recent weak readings of the US economy. The data showed that industrial production fell for the fifth month in a row, while consumer sentiment remains low. The market reads this as a postponement of interest rate hikes by the Fed....
The currency pair broke through the resistance level of 0.7420 and reached a strong resistance level at 0.7550, which was slightly exceeded. An attempt to break through this resistance should not go. The increases were initiated by the occurrence of Governor of the Bank of New Zealand, who hinted that the probability of interest rate hikes in June. An additional...
The currency pair after today attacked the delicate adjustment and set a new high of 1.1393. (This was in line with what I wrote in yesterday's forecast, but the correction was not so deep). After the new maximum, and reaching the important resistance there was profit and the supply has led to an important support at 1.1289. Fight demand and supply ended up...