Daily reviews

At the beginning It was Swiss Franck and now Japanese Yen are considered to be a safe-currency even though USDJPY dropped below 102,00 this week and EURJPY is traded at 13-day minimum of 139,10.​

Recommendation: we buy the pair in case of a breakthrough and clear fixation above strong intermediate …

USDCHF dropped to 0,8850 on Monday. 5^th day in a row it crossed the level of 0,8876 (Fibonacci 78,6% level), but does not close below it. We believe that as long as this level holds, pair recovery is quite possible, but only the increase above 0,8964 will decrease the …

During the European session Chinese Yuan dropped to six-month minimum against USD continuing  rapid decrease from the last week. We believe that People’s Republic Bank of China is trying to open  specific expectations regarding positioning and stop the inflow of speculative capital. If to speak about the other markets, Ukraine …

ECB can go for stimulus increase

EUR keeps consolidating awaiting the meeting of ECB which will be held on March 6^th. Statistics regarding retail inflation yesterday showed that that it did not increase as well as inflation for producers, which was published last week and stopped the further …

Most likely Bank of Japan will face the “critical moment” in taking the decision about the necessity of further monetary policy mitigation in May. This news was announced by the adviser of prime-minister of Japan on Monday. Basically, he made it clear that the government will be waiting for further …

All attention on European and German statistics today.

Quite weak data regarding US economy which is as they say due to cold winter in North America continue to have a negative impact on USD. All the factors make it impossible for US dollar to start rapidly growing against EUR. At …

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 …