The euro is not afraid of heights

29 April, 2015

By Wednesday, the main currency pair is ready to update the April highs in anticipation of the American news.
The Eurocurrency very skilfully uses any pretext to recover positions. By mid-day trading on Wednesday, EUR/USD has broken 1.10 and is holding above. Ahead is the update of April highs, if we are lucky. One gets the feeling that traders are building up the main currency pair, to then successfully start selling it.
Yesterday statistics were released according to which April's index of US consumer confidence from the Conference Board fell to 95.2 points against the value of 101.4 points in March. The forecast assumed that the figure will rise to 102.6 points. In the components of the report it is clear that the expectations index fell to 87.5 points in April compared to 96 points in March. The evaluation of the index of current conditions has also deteriorated.
Today is an important day for the US dollar. First, EIA publishes statistics on oil and petroleum products for the week, and later on the preliminary data on GDP in the first quarter came out. Expectations suggest that the US economy expanded in January-March, by only 1% q/q with growth in the IV quarter of 2014 by 2.2%.
With everything else tonight closes the US Federal Reserve meeting. No matter what the monetary politicians say, it will be immediately priced into the euro/dollar. In general, the evening will not be weary.
 
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: