Daily reviews

It makes sense to sell EUR on the up-trend

It looks like EUR will remain under pressure despite the fact that Mario Draghi is expected not to continue further monetary policy mitigation. We believe that on the next meeting which will take place this Thursday ECB president can announce his …

Geopolitical issues boost USD

Unexpected decision by Russia to support their compatriots on Ukraine led to the increase of tension in Europe and world in general. Due to this fact investors are less interested in risky deals. Russian rubble hit new minimums against EUR and USD and stock market simply …

One of nine members of Bank of Japan Takehiro Sato said on Thursday that foreign investors are quite disappointed with the rate of reforms announced by Japan prime minister Shinzō Abe. This is a unique case of critics of Japanese government from one of the central bank governors. Sato (ex-economist of …

US dollar got a massive impulse

US Real Estate statistics published recently was much better than expected (468000 against predicted result of 400000), what is more, the result is much better than the previous one of 427000. Monthly increase equals to 9,6% against predicted 1,0%. This data inspired investors and …

At the beginning It was Swiss Franck and now Japanese Yen are considered to be a safe-currency even though USDJPY dropped below 102,00 this week and EURJPY is traded at 13-day minimum of 139,10.​

Recommendation: we buy the pair in case of a breakthrough and clear fixation above strong intermediate …

USDCHF dropped to 0,8850 on Monday. 5^th day in a row it crossed the level of 0,8876 (Fibonacci 78,6% level), but does not close below it. We believe that as long as this level holds, pair recovery is quite possible, but only the increase above 0,8964 will decrease the …

During the European session Chinese Yuan dropped to six-month minimum against USD continuing  rapid decrease from the last week. We believe that People’s Republic Bank of China is trying to open  specific expectations regarding positioning and stop the inflow of speculative capital. If to speak about the other markets, Ukraine …

ECB can go for stimulus increase

EUR keeps consolidating awaiting the meeting of ECB which will be held on March 6^th. Statistics regarding retail inflation yesterday showed that that it did not increase as well as inflation for producers, which was published last week and stopped the further …

Most likely Bank of Japan will face the “critical moment” in taking the decision about the necessity of further monetary policy mitigation in May. This news was announced by the adviser of prime-minister of Japan on Monday. Basically, he made it clear that the government will be waiting for further …

All attention on European and German statistics today.

Quite weak data regarding US economy which is as they say due to cold winter in North America continue to have a negative impact on USD. All the factors make it impossible for US dollar to start rapidly growing against EUR. At …