Category Archives: Analysis
4:03 pm
Swiss economy looks stable, despite of some statistical information, which didn’t meet market’s forecasts. Franc’s rate looks attractive to investors: during the market instability Franc has been growing, and on Friday it stayed at the same level, while the outer background allowed its “colleagues” to grow.
As it became known on Friday, inflation in Switzerland at the end of August stayed at the same level and showed growth by 0,3% per annum against the expected +0,4% per annum. This data…
3:49 pm
EUR/USD finishes the week with growth on the Forex market. Data, released at the end of Friday for Eurozone and US, appeared to be positive, which supported buyers’ interest.
According to the published info, the retail level in Eurozone grew up by 1,1% per annum, while it was expected to be only 0,6%.
Moreover, the unemployment rate in US in August met the forecasted value and grew up to 9,6% against the previous 9,5%, while the number of jobs has reduced by 54 thousand against the expec…
4:57 am
EUR/USD on second part of Thursday kept growing, using the positive data from Eurozone.
Euro was supported by data about Eurozone’s export, which grew up in second quarter by 4,4% – it became a maximum growth of the index in last 5 years. Companies’ expenses in second quarter grew up by 1,8% for the first time in 8 quarters since the index started to fall down.
Later, information about the interest rate level was released: it met market’s expectations, as ECB kept it at 1%.
At the same ti…
4:43 am
A rate of the Swiss franc on Forex is very good at the moment: Swiss economy and Swiss national bank are stable, and Franc has become a “hide-out” currency, which attracts investments.
Meanwhile, banks in Switzerland are changing their policy of deposit and assets information disclosure – today it became know that Switzerland will not provide legal help to the countries, which request information about the investors, using illegally obtained data.
In particular, no country, which g…
4:11 pm
After reaching 15 year’s maximum last week, JPY still tries to go higher, and country’s authorities finally decided to take some measures.
Monetary politicians have informed that credit program in Japan will be widen to ¥30 trillion (+¥10 trillion) and crediting time will become 6 months (3 months before).
Regulating authorities assured that economic situation is under the control and currency fluctuations cannot damage Japanese economy seriously.
However market players think tha…
3:31 pm
AUD rate on Wednesday on Forex got stronger for the first time since the beginning of the week – today its positions have improved following the market trends. It was supported by the statistics as well.
As it became known in the morning, Australia’s GDP at the end of the second quarter of the current year grew up by 1,2% against the expected 0,9%. Meanwhile the first quarter results were revised as well and now the official number is 0,7%, not 0,5%.
Economists point to the fact that …
4:07 pm
Japanese Yen on Forex is traded down for second session in a row, because of the activity of monetary politicians and local authorities. As a matter of fact the verbal intervention was enough: Yen gave a half of the figure to the US dollar and left 15-years’ maximum levels.
The market was alarmed by Yen’s 15-years’ maximum paired with USD and 9-years’ maximum paired with Euro. Japanese authorities watched JPY’s growth with no worries first, telling that situation was under the contr…
3:51 pm
EUR/USD on second part of Thursday on Forex is traded up; however, according to the technical chart of the pair, investors are ready to all scenarios that might happen after the macro data releases today and tomorrow.
Pair was supported by the positive statistics from Germany in the morning, which showed the growth of the index of the consumer trust (GFK) in September to 4,1 points, while analysts thought it would be 4 points only.
According to the data released today, the number of Ameri…
7:30 pm
EUR/USD on second part of Wednesday on Forex got back to the level of trading session’s opening, losing its positions achieved during the day.
Pair was supported by positive data from Germany in the morning: as IFO statistics showed, the index of trust to country’s economy grew up to 106,7 points against the previous 106,2 and the forecasted decrease to 105,7.
But this positive information gave up the positions in the middle of the day, and there were no new causes for the pair to grow…
6:45 pm
EUR/USD on second part of Tuesday on Forex keeps going down.
Euro is decreasing for fifth session in a row and currency looks oversold.
Investors are trying to avoid risks being scared of the second wave of recession in the world’s economy. The demand on risky assets goes down as economists’ forecasts get more negative.
Despite of positive data about Germany, which shows GDP growth in second quarter by 2,2% and personal demand increase in July, that was released today, Euro kept dec…