Daily reviews

ECB may resort to new incentives

The economicсof the euro zone are still experiencing major problems: there are high unemployment, weak business activity, low production figures and low consumer price inflation, which is in no hurry to grow up and reflects the uncertainty of the population in the future.

From …

The EUR/USD continues its decline

It seems, correlation of forces gradually leaning toward US dollar. After decision  of Federal Reserve tocontinue to reduce incentives, and statements by President Yellen about the likelihood of rate hike in the first half of 2015, relation to the dollar has changed, because there was …

Dollar will continue to strengthen

Federal Reserve decided to continue reducing of incentives and Janet Yellen told about prospects for raising the key interest in next year to a level of 1.0%. This has changed the balance of power on the foreign exchange market and not only on him. Apparently, …

EURUSD will continue to decrease

US dollar rapidly increased as US Federal Reserve announced about the further asset buyout program reduction for another $10bl and that already in the beginning of 2015 the increase of refinance rate is expected. What is more, head of Federal Reserve Janet Yellen did not …

Euro is overbought and can be decreased

Consumer inflation can have a massive impact on European currency today. Last month this led to rapid EUR increase, as it was supported by ECB decision to keep the same monetary policy. But last week Mario Draghi announced his concern regarding EUR growth …

Will Euro go up or down?

Good data regarding retail sales (growth of 0,3% against 0,2%) and decrease of applications for unemployment benefits (315000 against 333000) had a positive impact on USD, as it rapidly increased against EUR. Another massive concern which had a negative impact on EUR was the …

What to expect from currency market

Looking on currency market we can suggest that traders are waiting for the new portion of economic statistics from the US in order to understand whether US economy is slowing after the cold Winter or not. After any good news about US economy is …

USD will get support on financial markets

Upcoming improvements of US economy statistics after cold Winter start to support USD. It can be proved by the latest statistics and news – good employment statistics, expected inflation of 3,09% in 2015 (according to New-York Federal Reserve Bank), increase of employment trend …

USD still has good perspectives for a growth

Most likely ECB will have to take quite difficult decision today. On one hand, Euro Zone economy is still struggling from high unemployment rate which is yet to show any reduction signs, PMI slowdown and many other problems including Ukrainian crisis and …

Euro will continue to decrease

EURUSD hit the local maximum recently and is quite “expensive” not to disturb Euro Zone economic recovery. Announcement by French Government saying that high Euro does no good for French economy just prove it.

In case American ADP non-farm data will be better than expected …