The euro opened the week without excitement

23 March, 2015

On Monday morning, the main currency is trading around the 1.08 mark, there is no important statistics today, and the market prefers not to be overly active.
On another March Monday, the single European currency is trading steadily in tandem with the US dollar. The market participants still mainly focus on the soft attitude of the Federal Reserve on interest rates.
Investors previously opened a large number of long positions in the dollar due to expectations that the Fed in mid-summer 2015 will start the growth phase of the interest rate, thereby increasing the spread between the interest rates of the Fed and the ECB.
Last week, Janet Yellen, the head of the Federal Reserve, according to the results of the March meeting noted that an expensive dollar prevents revenue growth for companies, exporters, and is exerting pressure on the parallel conjugate number of sectors. In this light, the Fed will probably prefer to wait some time before raising rates.
The market was not ready for such a turn of events - at the moment, the euro rose 400 points, and later corrected, but the fact remains that the main currency pair has moved away from the "bottom" of the last twelve years.
Today, the market participants will be waiting for the speech from the head of the European Central Bank Mario Draghi and the outcome of the meeting with Angela Merkel and Mr. Tsipras. The macroeconomic statistics calendar for Monday is not overfilled: sales data for second homes in the US in February and report on consumer confidence in the euro area in March.
 
RoboForex Analytical Department


Source link  
Pound remains weak

The British Pound continues to recede in tandem with the US currency. The current quote in the GBP/USD pair is 1.4801. The pound stands at the minimum of eight and a half months...

The euro is barely moving

In anticipation of the New Year, the main currency pair, it seems, has moved into a phase of consolidation within a narrow range. The euro/dollar is barely moving on Tuesday afternoon. The current quotation of the main currency pair is 1.0972, and is slightly higher than yesterday...

Indices attempt to post December gain

Movements in the currency markets have been a little benign this week, meanwhile indices have jumped higher as Christmas cheer engulfs investors. We are still some way off where we started the month of December on European indices...


The ECB undermined the euro

On Thursday afternoon, the main currency pair remained under pressure due to yesterday's news about the readiness of the regulator to extend QE. The single European currency on Thursday afternoon is still in a weak position, as investors continue to analyze the information obtained yesterday...

Statistics have upset the Pound buyers

The British pound rose against the dollar for a third day in a row away from local minima. Current quote in the GBP/USD pair is 1.5253. Today data came out on retail sales in the UK in October...

The British pound is back to the September lows

The British Pound is weakening for the third day in a row, but it would all be well if not for the indicators of force from the "bears" in the GBP/USD pair. The current quote in the pair is 1.5127, and it is not far off from the September minimum of 1.5107...


Murrey Math Lines 04.11.2015 (EUR/USD, SILVER)

Eurodollar is still being corrected. The price is trying to stay below the 0/8 level. Possibly, on Wednesday the pair may test the previous high one more time. If the market rebounds from it again and stays below the 0/8level, I am planning to increase my position...

The dollar rose again

On Thursday morning, the main currency pair is still trading down because of mass pressure on the European currency. So, the euro/dollar in the morning on Thursday remained under pressure, although it is taking a very half-hearted attempt to win back at least a symbolic part of yesterday losses...

The yen slightly retreated

The Japanese yen was being sold yesterday and continues to be sold today. The current price of the USD/JPY pair is 119.15. Technically, the instrument clearly intends to move to 120.0 and maybe slightly higher...

  


Share: