Market Analysis

03/03/2015 - 15:12
EUR/USD did it best to hold above the 1.1200 figure, but failed. The pair is gradually approaching the January low of 1.1097 – break lower would open a direct way to parity. Euro zone released relatively upbeat data at the beginning of the week, but the general picture remains bearish. Watch the Services PMI indices on Wednesday. On Thursday the market will focus on the ECB policy meeting that will be followed by the Draghi’s press conference. Traders await the details of the 1-trillion-euro...
02/26/2015 - 18:34
US dollar rose as core inflation gained 0.2% (vs. +0.1% expected), while durable goods orders rose by 2.8% after falling by 3.3% in the previous period. Despite the negative headline inflation (-0.7%), the expectations of the Fed’s June rate hike are back. On Friday the US will release the second estimate of Q4 GDP (a revision down from 2.6% to 2.1% is expected). EUR/USD is below 1.1260. Next levels to watch are 1.1210 and 1.1100. Resistance has switched to 1.1280 and 1.1350. GBP/USD has tested...
02/25/2015 - 15:04
EUR/USD remains mostly flat. The pair’s waiting for fresh catalysts. The ECB’s President Mario Draghi is to speak on Wednesday at 16:30 GMT and may make some comments on monetary policy. On Thursday Germany releases a set of data on unemployment numbers, retail sales figures and Gfk consumer confidence data. The euro area will publish business climate and M3 money supply data. Meanwhile, the ECB releases the targeted LTRO amount at 10:15 GMT. The outlook is neutral/negative....
02/25/2015 - 10:37
By: Dima Chernovolov     NZD/JPY rises inside minor impulse 3     Next buy target - 92.00 NZD/JPY continues to advance inside the 3rd minor impulse wave 3, which started earlier this month – when the pair reversed up from the combined support zone lying between the following support levels: support trendline of the weekly up channel from June of 2013, the lower daily Bollinger Band, the support level 84.00 (which also previously reversed the intermediate ABC correction (2) in October of...
02/25/2015 - 09:15
EUR/USD is leaning to the downside. Support is at 1.1260 and 1.1200. EUR/USD is leaning to the downside. Support is at 1.1260 and 1.1200. Greece has revealed the list of reforms. According to the European Commission, this is a valid starting point. However, investors see now that Greek question won’t be solved soon, so upside potential for the euro is limited. The ECB president Mario Draghi will make speak on Wednesday at 16:30 GMT and may comment on monetary policy. GBP/USD remains capped by...
02/13/2015 - 07:24
EUR/USD sits tight in the 1.1355/1.1270 area. The Greek debt deal is put off until the next week. The main questions are whether the bailout is extended and on what conditions as well as what happens to Greek banks. As there’s a hope for compromise, euro’s holding its ground. There’s a risk of a short squeeze to the upside on positive news about Greece. On Friday watch the releases of French, German and the euro area GDPs (06:30-10:00 GMT). So far euro didn’t react much to the economic data...
02/11/2015 - 14:07
Elizaveta Belugina On Wednesday US dollar remained supported with the US yields near 1-month highs. USD/JPY rose above 120.00. Next resistance levels are at 120.80 and 121.80. Support is in the 119.20/00 area. AUD/USD is testing support at 0.7720. Below this level the pair can test 0.7600/0.7590. Watch Australian employment data at 00:30 GMT tomorrow: the forecasts are negative. Resistance is at 0.7850. GBP/USD is making another test of the 7-month downtrend resistance line supported by the...
02/10/2015 - 14:06
Kira Iukhtenko Market sentiment on Tuesday remained fragile amid the increasing worries about the Greece’s future and the Ukrainian crisis. Meanwhile, expectations of the US rate hike support the American currency against the counterparts. Recovery on the oil market continues. US will release crude oil inventories data on Wednesday. EUR/USD hovers around the 1.1300 mark. Eurogroup meeting will be the major event to watch on Wednesday: are the European financial officials ready to compromise?...

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