Ekaterina Fechina
Company Representative
- Messages
- 522
Issue №40 from 21/03/2015
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
The US dollar managed to recover most of the lost positions after the Janet Yellen’s Wednesday speech. This week the US Federal Reserve has revised the economic growth, the inflation and the interest rates forecasts for 2015. Janet Yellen also said that the Central Bank leadership was concerned about the dollar growth.
The euro bulls closed the previously opened long positions and some traders took the bears’ side. After all, the European QE and the Greece problems put pressure on the euro. And the Fed can raise interest rates in June when the macroeconomic data will signal about it (inflation, wages, labor market). It is risky to buy the euro in the current situation. However, the pair grew on the Friday’s trades.
Trading recommendations
The pair euro/dollar completely played back all the news background. And today we expect the pair decrease continuation. We do not exclude the consolidation from the level of 1.0600. Then again we expect a decline for the minimum update.
Pound
The pound temporarily recovered before having fallen back under pressure.
The earlier recovery was mainly dictated by technical factors. Moreover, the market bond yields spread between Great Britain and the Unites States is not in favor of the former one. Nevertheless, the pound increased at the end of the week.
The Bank of England governor Haldane said that if necessary, MPC could again take additional monetary policy easing measures to counteract the low inflation. He also added that the interest rate could be reduced to zero level.
Trading recommendations
The pair is still in the decline structure. At present we consider the minimum update. The target is the level of 1.4680. Further we consider the new consolidation and the pair return to the level of 1.4900.
Yen
The US dollar fell against the yen. The dollar index ended the week with the maximum decrease in July 2013 on the expectations that the Federal Reserve System (Fed) would not hurry with the basic interest rate increase.
The index value that is focused on the US dollar against 10 major world currencies, fell by 0,3% during the trades. Since the beginning of the week the indicator fell by 1.2%.
Trading recommendations
The pair dollar/yen continues to form a growth structure. We expect a new wave with the target of 121.60.
Gold
The gold futures have declined. The crude oil prices decrease put pressure on the gold prices. The crude oil futures are trading near the 6-year low as the world market is already oversaturated with supplies and is facing the possibility of the oil supplies resumption from Iran.
Trading recommendations
Now the gold forms a correction to the level of 1187. We shall consider its decline continuation with the level of 1160 testing within the downwards trend.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
The US dollar managed to recover most of the lost positions after the Janet Yellen’s Wednesday speech. This week the US Federal Reserve has revised the economic growth, the inflation and the interest rates forecasts for 2015. Janet Yellen also said that the Central Bank leadership was concerned about the dollar growth.
The euro bulls closed the previously opened long positions and some traders took the bears’ side. After all, the European QE and the Greece problems put pressure on the euro. And the Fed can raise interest rates in June when the macroeconomic data will signal about it (inflation, wages, labor market). It is risky to buy the euro in the current situation. However, the pair grew on the Friday’s trades.
Trading recommendations
The pair euro/dollar completely played back all the news background. And today we expect the pair decrease continuation. We do not exclude the consolidation from the level of 1.0600. Then again we expect a decline for the minimum update.
Pound
The pound temporarily recovered before having fallen back under pressure.
The earlier recovery was mainly dictated by technical factors. Moreover, the market bond yields spread between Great Britain and the Unites States is not in favor of the former one. Nevertheless, the pound increased at the end of the week.
The Bank of England governor Haldane said that if necessary, MPC could again take additional monetary policy easing measures to counteract the low inflation. He also added that the interest rate could be reduced to zero level.
Trading recommendations
The pair is still in the decline structure. At present we consider the minimum update. The target is the level of 1.4680. Further we consider the new consolidation and the pair return to the level of 1.4900.
Yen
The US dollar fell against the yen. The dollar index ended the week with the maximum decrease in July 2013 on the expectations that the Federal Reserve System (Fed) would not hurry with the basic interest rate increase.
The index value that is focused on the US dollar against 10 major world currencies, fell by 0,3% during the trades. Since the beginning of the week the indicator fell by 1.2%.
Trading recommendations
The pair dollar/yen continues to form a growth structure. We expect a new wave with the target of 121.60.
Gold
The gold futures have declined. The crude oil prices decrease put pressure on the gold prices. The crude oil futures are trading near the 6-year low as the world market is already oversaturated with supplies and is facing the possibility of the oil supplies resumption from Iran.
Trading recommendations
Now the gold forms a correction to the level of 1187. We shall consider its decline continuation with the level of 1160 testing within the downwards trend.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.