Currency »

  • Sergiy Zlyvko
    Currency » 3 February Forex daily review
    Sergiy Zlyvko - February 4, 2014, 10:03 GMT

    On Monday, the dollar index corrected against Friday’s growth, and though the EURUSD fell back to 1.3480 mark and the rollback of index turned deep. It was not a good signal to fall below 1.3500, because the balance is beginning to lean toward the sellers. Yesterday, the U.S. dollar strengthened against the pound after weak

  • James Boston

    North American data releases yesterday raised serious questions over the strength of the US economic recovery. On the day that Janet Yellen was sworn in to replace Ben Bernanke as Chair of the US Federal Reserve, the market took the opportunity to remind us who the boss really was. The Institute of Supply Management published

  • Sergiy Zlyvko
    Currency » Next week’s Forex forecast
    Sergiy Zlyvko - February 1, 2014, 23:38 GMT

    The coming week will be the first week of the month, and so it will be full of important macroeconomic releases and can significantly affect the prospects of the dollar in February. On Monday, February 3 at 15.00 GMT U.S. Institute for Supply Management will publish PMI index in the industry. On Wednesday (February 5,

  • James Boston
    Currency » Round Up – Japanese Unease
    James Boston - January 31, 2014, 16:15 GMT

    Japan closed out January by recording the largest monthly fall in its stock market since early 2012. The TOPIX gave up 6.3% on the month with most of the drop (3.5%) coming over the last week. Weighing on Japanese markets at present are a combination of the Chinese slowdown and analysts concerns over domestic corporate

  • Sergiy Zlyvko
    Currency » 30 January Forex daily review
    Sergiy Zlyvko - January 31, 2014, 09:45 GMT

    On Thursday, the dollar strengthened above the target level in the main scenario. Statistics from the U.S. was published weak, but it prevented the dollar to strengthen its position against the euro and other currencies. Traders realized that now the Fed follows the macro data, but they are not determinative in deciding to reduce QE3

  • Sergiy Zlyvko
    Currency » 29 January Forex daily review
    Sergiy Zlyvko - January 30, 2014, 10:32 GMT

    Yesterday the dollar closed virtually unchanged against the euro and pound. It also rose against the Australian dollar and fell against the Swiss franc and Japanese yen. Traders have been bought the yen and the franc amid falling stock markets and depreciation of emerging markets’ currencies. Before the announcement of the U.S. Fed’s decision, EURUSD

  • James Boston

    The US Federal Reserve ignored emerging market volatility and pressed ahead with announcing a further $10bn cut to the monthly bond purchase program. Although this move was well anticipated it did little to appease the uncertainty being experienced by the more vulnerable economies around the globe. The Turkish Lira gave up almost all of its

  • Sergiy Zlyvko
    Currency » 28 January Forex daily review
    Sergiy Zlyvko - January 29, 2014, 12:25 GMT

    On Tuesday at the trading in Europe, despite the fact that British GDP coincided with predicted values, the U.S. dollar was supported by expectations that the U.S. Federal Reserve will continue the process to minimize quantitative easing program. The EURUSD fell to 1.3630, GBPUSD – to 1.6535. At 13.30 GMT the dollar has already fallen

  • Sergiy Zlyvko
    Currency » 27 January Forex daily review
    Sergiy Zlyvko - January 28, 2014, 11:53 GMT

    Dollar index spent the day in a sideways trend. Now the price is on the line of support. It can easily be broken, because after the fall of the index, it is a correction. To cancel it, the index needs to climb to at least 81 level. On Tuesday high volatility is expected to spar

  • James Boston

    Finally a pause in the emerging markets sell off that has been troubling investors for the past week. Slowing Chinese growth and a reduction in the US Federal Reserve stimulus program has seen a steady flow of funds out of emerging market ‘risk assets’. The current respite is ahead of the US FOMC meeting this