The euro is barely moving

30 December, 2015

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. There is almost no activity in the instrument, as there is no significant news. Tonight a report on US consumer confidence index in December will be published, but it is unlikely that the market reaction to this release will be pronounced.

During 2015, the euro fell in tandem with the US currency by slightly more than 9%. Not the worst situation, considering how strong the talks of parity were recently. Now these fears receded, to be replaced by ones of a monetary nature. This year the Fed started a phase of tightening in the monetary policy, and the big question is when the second interest rate increase will be. The more time will pass from the first increase, the more the euro is likely to climb higher.

In 2016, the spread between the monetary approach of the US Federal Reserve and the European Central Bank will remain broad - for at least another year, the ECB will be busy with monetary easing, and then with the process of stabilization of the achieved results. This means that the European currency will remain in a weak position from a fundamental point of view, although the technical picture is likely to give more than one reason for active trading. A year is still too long to establish a clear trading landmark. Let this be the corridor 1.05-1.12, seven trading figures is ample space for the annual variations.
 
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...

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...

The pound was hit by inflation

On Tuesday, the British Pound did not stay at week highs because of the block statistics released by the Bank of England and the statistical department of UK...

  


Share: