EUR/USD Yesterday morning the markets were trying to change the situation with the oversold risky assets. However they failed. EUR/USD was actively sold at the 1.2745 level on the rumours that investors had withdrawn over a billion out of the suffering Spanish banking network. Now …
Forex Analysis 0
EUR/USD Yesterday morning the markets were trying to change the situation with the oversold risky assets. However they failed. EUR/USD was actively sold at the 1.2745 level on the rumours that investors had withdrawn over a billion out of the suffering Spanish banking network. Now …
Can’t stop wring about USD/CAD today. Technical analysts at Barclays Capital note that what we are seeing on the pair’s chart is bullish reversal. Look yourself: this week the greenback managed to overcome resistance of 1.0051 (the upper border of the trading range since the …
According to strategists at Scotia Capital, USD/CAD may surge if the volatility grows. Analysts advise to look out for the Volatility Index (VIX), which is the key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. According to specialists, …
On Monday Australian dollar dived below the parity versus its US counterpart. Analysts say it will stay down there for a time being. NAB reduced forecast for AUD/USD in September from $1.0200 to $0.9800 due to negative domestic factors. The specialists think that the Reserve …
EUR/USD Yesterday the markets rewrote their local lows on growing concerns around Greece. EUR/USD sank as low as 1.2680, but by now has slightly bounced up to 1.2745. We cannot say that the situation has changed much for the better, so the current movement should …
German bond yields fell to 1.47% from previous 1.77% at today’s auction as the Greek problems increase demand on safe assets. However, Germany fell short of the targeted amount (4.1 billion euro vs. expected 5 billion). On a French bond auction yields eased to 1.72% …
Analysts at Bank of America believe that pound’s decline versus the greenback can make futures traders reduce their bullish bets on sterling. Data from Commodity Futures Trading Commission (CFTC) shows that GBP/USD longs increased in the week to May 8 to 25K contracts, the maximal …
EUR/USD «Greece is close to the end of the road†said Swedish Finance Minister yesterday, referring to the country’s membership in the euro-zone. Two and a half years ago, when the analogy with the road was drawn, it was emphasized that it was the beginning …
The greenback closed yesterday above 200-day MA versus its Canadian counterpart rising to the maximum since the end of January at 1.0130. USD/CAD is still rather closely correlated with global risk sentiment. Taking into account continuing uncertainty in the euro area, the pair’s advance looks …
EUR/USD Obama decided to seize the chance and surf the wave of people’s wrath with large banks. The US President pointed out that the JPMorgan loss would lead to tougher regulation of financial institutions. This is just what we feared when spoke about the $2bln …