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  • Sergiy Zlyvko
    Currency » 6 January Forex daily review
    Sergiy Zlyvko - January 7, 2014, 08:31 GMT

    On Monday, the U.S. dollar fell against most currencies. At the beginning, dollar’s decline was seen as a correction, which, however, was delayed due to rollback of published ISM service. PMI for the services sector the U.S. declined in December to 53.0 from 53.9 and was significantly lower than predicted value of 54.6. ISM index

  • Sergiy Zlyvko
    Currency » Next week’s Forex forecast
    Sergiy Zlyvko - January 6, 2014, 01:25 GMT

    The coming year promises to be positive for the U.S. economy and despite recent decline in the ISM manufacturing, all the data point in favor of its continued recovery. Nevertheless, the stabilization has its own downside – incentive program reduction, which has supported consumer and corporate sectors. Now higher borrowing costs raise the price of

  • Sergiy Zlyvko
    Currency » Last week’s Forex review
    Sergiy Zlyvko - January 4, 2014, 20:00 GMT

    Currency markets participants, as well as many enterprising people, used the holidays differing by reduced liquidity in order to make money. It was enough to provoke a fall of the dollar to levels where protective orders were placed and cause their activation. As a result, exaggerated movements were obtained, reflecting the actual situation in the

  • Sergiy Zlyvko
    Currency » 2 January Forex daily review
    Sergiy Zlyvko - January 3, 2014, 09:58 GMT

    Yesterday European currency dropped significantly against the dollar despite the positive data on manufacturing activity in Germany and the Eurozone. Growth of the manufacturing sector lasted in the Eurozone in December and according to preliminary estimates published last month, it showed on Thursday the final results in Markit Economics study. Purchasing Managers Index rose for

  • Sergiy Zlyvko
    Currency » 30 December Forex daily review
    Sergiy Zlyvko - December 31, 2013, 07:29 GMT

    On Monday, the U.S. dollar fell against major currencies after the publication of weak U.S. statistics. According to National Association of Realtors annual rate of pending home sales in November in the U.S. fell by 1.6% compared with November 2012. Monthly index rose by 0.2% after falling by 1.2% in October (revised from -0.6%). The

  • Sergiy Zlyvko
    Currency » Next week’s Forex forecast
    Sergiy Zlyvko - December 29, 2013, 16:56 GMT

    Next week January will begin, but it will be only on Wednesday. Moreover, it will be the rest day for banking day all around the world and therefore important releases will start arriving from Thursday. Labor market data from the United States will be published on January 10th. Of news that could have a significant

  • Sergiy Zlyvko
    Currency » 23-27 December Forex weekly review
    Sergiy Zlyvko - December 28, 2013, 12:42 GMT

    Foreign exchange market was in a state of hibernation in the first four days of the week as the major currency pairs traded in very narrow ranges.However, on Friday December 27 dollar came under massive pressure against its major European competitors. The Fed’s decision to begin reducing the quantitative easing program contributed to the strengthening

  • Sergiy Zlyvko
    Currency » 26 December Forex daily review
    Sergiy Zlyvko - December 27, 2013, 11:49 GMT

    Thursday was a holiday in New Zealand, Switzerland, United Kingdom, Canada and the Eurozone. On the occasion of national holidays financial markets in these countries remained closed Wednesday. With the opening of the foreign exchange market, market participants had negative attitude to the U.S. dollar. They did not aggressively sell the U.S. dollar, but for

  • Sergiy Zlyvko
    Currency » 24 December Forex daily review
    Sergiy Zlyvko - December 26, 2013, 10:27 GMT

    Tuesday was not unlike the previous trading day. Sluggish activity of market participants and more puzzled preparations for the celebration of Christmas led to minor fluctuations in key currency pairs. Macroeconomic releases just for a time brought some recovery. By the end of trading Tuesday, the U.S. dollar rose against most currencies. Because of the

  • Sergiy Zlyvko
    Currency » 23 December Forex daily review
    Sergiy Zlyvko - December 24, 2013, 09:24 GMT

    Monday December 23 appeared not rich on important macroeconomic statistics which can have a significant impact on the mood of the market players. The main event of the day was the release of Canada’s GDP for October, demonstrated steady growth of the economy of Maple Leaf. In November, it added 0.3%, which was by 0.2