16 March, 2018 17:09
Euro shows restrained room for strengthening
US dollar selloffs have continued on Friday. The USD-JPY felt the strongest influence as usual since Japanese currency is in demand while risk assets hardly can attract investors. The euro to US dollar is said to gradually move up above 1.23. Still, European currencies improved too after the previous rollback caused by US economic reports.
16 March, 2018 14:26
Crypto sector got hooked on decisions of US officials
The end of the week brought new challenges to the crypto market. Prices were differently directed on Thursday and Friday. However, despite the short-lived upturns, cryptocurrencies generally remain under pressure. The weakening is believed to be related to the Google's ban on crypto advertisements as well as regulation talks in the US Congress.
15 March, 2018 17:00
Euro weakens on US economic report
US dollar improves against main currencies at the European session on Thursday. At the same time, euro is decreasing mostly on the yesterday's statement of Mario Draghi. The pair is near the trend line, which not good, as market experts believe. The anticipated data will have mediate importance for US dollar, though the market pays attention to everything now on upcoming Federal Reserve meeting.
15 March, 2018 15:47
Japanese yen benefits from its safe haven status
Demand for a safe haven Japanese yen keeps strengthening. The new political stand-off in the global market can promote buying of the yen and franc if the conflict gathers pace and Trump fails to ease its protectionism policy. The USD-JPY pair tried to exceed 107.00 earlier this week but lured sellers which pushed greenback back below 106.00.
15 March, 2018 12:36
Daily Analysis | USD/CAD | 15 of March
The USD/CAD has formed inverted head and shoulder bullish pattern. The right shoulder has been formed, however the price could still retrace down before a possible bounce. At this point the price might go straight up (from 1.2943) or retrace exactly to POC then bounce. 1.2895-1.2915 is the POC zone so pay attention to it. Targets are 1.2990 – confluence of W H5 and M H3 camarilla pivots. This is a strong
14 March, 2018 17:57
Draghi's statement harms euro
Although the markets welcomed Mario Draghi's speech today, the euro, on the contrary, posted weakening. After his message it has become clear that the Bank will keep buying assets amid steadily low inflation rate...the euro got under pressure after comments on high exchange rates. As a result, the currency plunged below 1.24, after hitting a weekly peak.
14 March, 2018 14:10
Japanese yen calms down, investors still fussy
The US dollar to yen has shown some stabilization, investors recover from the recent Trump's moves. Still, the pair can move up and it just lacks a driver. The global markets have again become concerned with a possible trade war after US President's statement on Chinese imports. The additional negative impact came from the dismissal of US State Secretary this week.
13 March, 2018 15:16
Whether different stance on cryptocurrencies may result in two world fractions?
Bitcoin did not fully recover after the plunge observed at the end of last week and stays within $8,800-9,900. Tom Lee's bitcoin sentiment index indicates that it is good time for investors to buy bitcoin, though the market looks dull. As for altcoins, NEM posted more than 21% upturn d-o-d since Coincheck started paying back money after the hack attack.
13 March, 2018 11:50
US dollar waits in the woods ahead of US inflation report
Trading was mainly sluggish in currency markets on Monday, though US dollar lost some positions vs the rivals on weak wage growth data in the February labor report. This morning the American currency attempted to turn the table, but the market shows quite moderate development ahead of the release of the US inflation report later in this day...
12 March, 2018 16:07
European currencies prepare for higher-pace volatility
Currency markets have been slow on Monday. The major currencies are staying sideways amid slack trading and no serious boost. However, European currencies should be ready for the results of the events that will take place in the next few weeks, as the markets can become more active afterward. Euro and sterling are reportedly getting firmer after sluggish dynamics last Friday.
12 March, 2018 13:26
Euro may face challenges in EUR-USD
EUR-USD pair lost some positions over the past week given a negative response to the meeting of the European Central Bank. It was said that the regulator removed from its covering statement the phrase about its readiness to expand asset buying when needed. This is considered to be an essential progress in the monetary regulators' discussions and an upward signal for the euro.
07 March, 2018 19:03
US dollar still on downward track with investors unwilling to risk on Cohn's leaving
Gary Cohn's resignation strongly surprised insiders worldwide. As a result, selloffs of the greenback expanded, with US Dollar index hitting the lowest level over the past two weeks. It seems that Cohn's leaving partly made investors less risky in the stock markets. As Gary Cohn is a supporter of the global trade, there are rumors that his resignation was caused by the opposition to Trump's import duty course.