The euro is falling again

10 March, 2015

After a short pause, the main currency pair is dropping again – sympathy of investors remains on the side of the USD.
On Tuesday morning, the euro/dollar is testing the next multi-year lows: the current trading is around the 1.0799 mark, and that is the "low" since September 2003.
And while Monday passed quietly, and the main couple even tried to stabilize and rebound slightly, the session on Tuesday promises to be more active. The Dallas Fed Chief Mr Fischer, whose authority on this post ends next week, yesterday said that the Federal Reserve should not be late with the decision to increase interest rates.
This remark hurt the market players: the regular meeting of the US monetary politicians will take place next week, and the new mention of the rate was another speculative point for the market.
But investors have only just calmed down after the speech of the head of the Federal Reserve Janet Yellen, who recently told Congress that the time to change the rate has not yet come.
But the topic of the spread between the interest rates of the ECB and the Fed excites bidders, regardless of whether it is talked about or not. This week, the European regulator began the asset purchase program, which will run until September 2016, and possibly longer. This will put further pressure on the European currency in the coming days.
 
RoboForex Analytical Department


Source link  
The pound is strengthening for the second day

The British Pound continues to grow on Wednesday. The currency is rather actively moving away from the previous local minimum. The current quotation of the GBP/USD pair is 1.5310. No one is talking about the pound moving above 1.55 yet there are too many external risks to which investors are not paying attention...

The yen sharply strengthened

On Wednesday, the Japanese yen sharply strengthened in trading. Correction of the long-term low started on Monday, but enthusiasm by itself was not enough. And this morning there was a reason to continue selling in the USD/JPY pair...

The euro doesn’t get tired of updating the peaks

Yesterday the euro/dollar "took advantage" of weak statistics from ADP in the US and moved up to new highs...


The Yen has slowed its growth

By the end of the week the USD/JPY pair stopped falling as significantly as was observed...

The euro meets February in equilibrium

After a frantic and nervous January the euro/dollar seems to have...

The euro did well

The Eurocurrency needs very little for happiness: good statistics - and the main currency pair jumps up...


Forex Technical Analysis 10.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro has returned to test triangle pattern from below. We think, today the price may fall towards level of 1.2400 and then form a consolidation channel. If later the channel is broken downwards, the pair may move downwards to reach level of 1.2200...

Forex Forecast 20.10.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro is forming the third ascending structure. We think, today the price may reach the target at level of 1.2900 and then start a new correction towards 1.2670...

Forex Technical Analysis 31.07.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro has started its ascending movement under the influence of recent news. Basic scenario is that price may start moving towards level of 1.3590 with the first target at level of 1.3400...

  


Share: