Daily reviews

What to expect from currency market

Looking on currency market we can suggest that traders are waiting for the new portion of economic statistics from the US in order to understand whether US economy is slowing after the cold Winter or not. After any good news about US economy is …

USD will get support on financial markets

Upcoming improvements of US economy statistics after cold Winter start to support USD. It can be proved by the latest statistics and news – good employment statistics, expected inflation of 3,09% in 2015 (according to New-York Federal Reserve Bank), increase of employment trend …

USD still has good perspectives for a growth

Most likely ECB will have to take quite difficult decision today. On one hand, Euro Zone economy is still struggling from high unemployment rate which is yet to show any reduction signs, PMI slowdown and many other problems including Ukrainian crisis and …

Euro will continue to decrease

EURUSD hit the local maximum recently and is quite “expensive” not to disturb Euro Zone economic recovery. Announcement by French Government saying that high Euro does no good for French economy just prove it.

In case American ADP non-farm data will be better than expected …

It makes sense to sell EUR on the up-trend

It looks like EUR will remain under pressure despite the fact that Mario Draghi is expected not to continue further monetary policy mitigation. We believe that on the next meeting which will take place this Thursday ECB president can announce his …

Geopolitical issues boost USD

Unexpected decision by Russia to support their compatriots on Ukraine led to the increase of tension in Europe and world in general. Due to this fact investors are less interested in risky deals. Russian rubble hit new minimums against EUR and USD and stock market simply …

One of nine members of Bank of Japan Takehiro Sato said on Thursday that foreign investors are quite disappointed with the rate of reforms announced by Japan prime minister Shinzō Abe. This is a unique case of critics of Japanese government from one of the central bank governors. Sato (ex-economist of …

US dollar got a massive impulse

US Real Estate statistics published recently was much better than expected (468000 against predicted result of 400000), what is more, the result is much better than the previous one of 427000. Monthly increase equals to 9,6% against predicted 1,0%. This data inspired investors and …

At the beginning It was Swiss Franck and now Japanese Yen are considered to be a safe-currency even though USDJPY dropped below 102,00 this week and EURJPY is traded at 13-day minimum of 139,10.​

Recommendation: we buy the pair in case of a breakthrough and clear fixation above strong intermediate …

USDCHF dropped to 0,8850 on Monday. 5^th day in a row it crossed the level of 0,8876 (Fibonacci 78,6% level), but does not close below it. We believe that as long as this level holds, pair recovery is quite possible, but only the increase above 0,8964 will decrease the …