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  • James Boston

    Upbeat economic news today as China confirms 2013 GDP growth of 7.7%, here we have a positive story, not only because continued success in this major economy will no doubt impact globally, but also because of the mature restraint shown by the Chinese authorities. Proactive moves by the Communist party to tighten credit in the

  • Sergiy Zlyvko
    Currency » Next week Forex forecast
    Sergiy Zlyvko - January 19, 2014, 10:46 GMT

    On the coming week the publication of key macroeconomic statistics that can have a significant impact on the dollar is not scheduled. In the absence of important stimuli, market participants will gradually prepare for the meeting of the U.S. Federal Reserve. It will be held on January 28-29 and resulted in expected QE3 reduction by

  • Sergiy Zlyvko
    Currency » 16 January Forex daily review
    Sergiy Zlyvko - January 17, 2014, 08:36 GMT

    On Thursday, the dollar index fell back to 80.95 line. The U.S. dollar continues to hold a leading position against many currencies, but not the ability to update the dollar index intraday high casts doubt on its further growth. Consolidation at current price levels may be delayed until Monday. British currency and the Australian dollar

  • Sergiy Zlyvko
    Currency » 15 January Forex daily review
    Sergiy Zlyvko - January 16, 2014, 11:11 GMT

    On Wednesday, the U.S. dollar strengthened across the market. The single currency and the British pound dropped by about 80 points against the dollar. The EURUSD fell to 1.3580 level, GBPUSD fell to 1.6320 mark after which the correctional phase began. The dollar had a recent economic data in the U.S. and rising U.S. bond

  • Sergiy Zlyvko
    Currency » 14 January Forex daily review
    Sergiy Zlyvko - January 15, 2014, 10:56 GMT

    On Tuesday, at the end of the day dollar index closed with a slight increase. Euro/dollar stood in the range 1.3630-1.3690 and most of the time trading around 1.3675 mark. On European trading positive comments of ECB representative Ewald Nowotny endorsed the bulls and increased the demand for the single currency, resulting in the euro/dollar

  • Sergiy Zlyvko
    Currency » 13 January Forex daily review
    Sergiy Zlyvko - January 15, 2014, 07:16 GMT

    On Monday, in the absence of serious news on the foreign exchange market was the recovery of the dollar. On the day rate of the dollar index in relation to the closing price on Friday virtually unchanged. U.S. dollar significantly strengthened its position against the British pound and lost ground against Japanese yen. The EURUSD

  • Sergiy Zlyvko
    Currency » Next week’s Forex forecast
    Sergiy Zlyvko - January 12, 2014, 19:42 GMT

    Friday’s trading was successful for European currencies but not such for the U.S. dollar and it is because the U.S. labor market surprised again – until all experts waited a decent job growth, the rate fell short of forecasts, but the unemployment rate dropped sharply to a record 6.7%. As a result, EURUSD to the

  • Sergiy Zlyvko
    Currency » 9 January Forex daily review
    Sergiy Zlyvko - January 10, 2014, 10:21 GMT

    The Bank of England and the ECB on the results of the meetings left monetary policy unchanged yesterday. Interest rates remained at levels of 0.5% and 0.25% respectively. The Bank of England also kept the size of the program to buy back bonds in the amount of 375 billion pounds. GBPUSD spent the day at

  • Sergiy Zlyvko
    Currency » 8 January Forex daily review
    Sergiy Zlyvko - January 9, 2014, 08:51 GMT

    Neither ADP, nor the FOMC minutes were able to balance the market between major currency pairs. The single currency, the Australian dollar and the Swiss franc closed the day against the U.S. dollar in the red zone, the British pound is closed up. Traders used strong ADP index to open short positions on the dollar

  • Sergiy Zlyvko
    Currency » 7 January Forex daily review
    Sergiy Zlyvko - January 8, 2014, 14:11 GMT

    On Tuesday, the U.S. dollar closed up against the Swiss franc and the Australian dollar and has not changed against the single currency and the British pound. Traders pay attention to the U.S. trade balance report, but before an important event (FOMC protocols) their actions in the U.S. session were restrained. In November, the trade