Daily reviews

On the last weekend ECB president Mario Draghi announced in Sydney that the next ECB meeting which is supposed to take place next week will be vital. Most likely he is right. According to the latest data Euro Zone CPI has dropped by 1,1% (prediction 0,8%) compared to the last …

Euro can get under pressure today

Latest data about European GDP supported Euro currency as it decreased the danger of deflation and thanks to ECB forecast regarding inflation growth continuation in the next several days to 2,0% EURUSD is being traded at 1,3700. But even though there are lots of …

Euro can reach its maximum against USD if it manages to stay above one important support level on day graph. If EURUSD is above Ichimoku Cloud support level (1.3690) by the end of the day then it is very likely that there will be a further growth. If this technical …

US dollar decreased compared to other major currencies on Monday and has hit 4-year minimum against British Pound because US economic indicators continue to signal that US economy recovery is still slowing down. According to US statistics published on Friday the volume of production in manufacturing industry decreased in January …

Holiday in the United States of America and lack of activity in the market

Previous week was not positive for US dollar due to weak Initial Jobless Claims and Retail Sales statistics. But the general decrease was not that strong as Michigan Consumer Index remained at the same level of …

Weak statistics from the United States of America can harm US dollar

 Initial Jobless Claims and Retail Sales statistics from US was weaker than expected and it had a negative impact on USD and changed the mood of traders against American currency. Talks about the possibility of US to stop …

EUR/USD still consolidating

Rapid decrease of EUR yesterday was due to the speech of a member of European Central Bank Executive Board Benoit Coeure. Mr Coeure announced that the bank will have a close look on the issue of a negative deposit rate as a possible solution to stop EUR …

First speech of new head of US Federal Reserve Janet Yellen did not have almost any impact on USD. She showed full continuity of Ben Bernanke approach. During her speech to US Senate Committee on Banking she spoke about the continuation of monthly stimulus reduction by 10  billion dollars but …

New Zealand dollar increased against US dollar before the speech of the head of US Fed Reserve Janet Yellen. Experts hardly believe that Yellen will be speaking about the buyout of the instruments with fixed assets reduction after series of negative economic statistics. But investors want Yellen to keep monetary …

We expect the prices for “Brent” oil to be stable in the first quarter of 2014 because of supply disruptions and due to low reserves of distillates. What is more, we have to take into the consideration the fact that prices are usually the highest in the first quarter. We …