MD trades review for the week of 4.02.2013 – 8.02.2013

ATC (GMT+2(DST))

Monday

2013.02.05 00:26 Sell 1.35208 2013.02.05 00:32 1.35155 5.3 pip.
2013.02.05 00:26 Sell 1.35208 2013.02.05 00:45 1.35089 11.9 pip.
2013.02.05 00:45 Buy 1.35090 2013.02.05 01:32 1.35140 5 pip.
2013.02.05 00:48 Buy 1.35030 2013.02.05 01:14 1.35081 5.1 pip.
2013.02.05 00:48 Buy 1.35030 2013.02.05 01:31 1.35132 10.2 pip.
2013.02.05 00:45 Buy 1.35090 2013.02.05 01:59 1.35112 2.2 pip.

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Forecast for the week of 11.02.2013 –15.02.2013

Over the period of February 11-15 no major macroeconomic data, capable of directly impacting the US Dollar, will be released. Nonetheless, the retail sales data, scheduled for release on Wednesday, February 13 at 13:30 GMT, can provoke a massive reaction on the stock exchanges and can thus impact the Dollar’s dynamics. In general, the investors on the global financial markets are digesting the previous weeks’ movements and the risky assets are correlating which favorably influences the Dollar’s positions. Nonetheless, the fundamental picture remains unfavorable for it.

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Market review for the week of 4.02.2013 – 8.02.2013

The US Dollar strengthened its positions over the period of February 4-8 as the risky assets remained under reasonable pressure for most of the week, following a considerable strengthening of the previous ones. In particular, the US stock indices have twice made serious attempts to move from their multi-year maximums, losing over 1 percent during the trading sessions. The US 10-year bond profitability has decreased by 0.07 percent point to 1.95%.  The macroeconomic data from the US continued to remain of a positive nature yet the Dollar was generally moving in dependence of the risky assets’ behavior. A considerable impulse to its strengthening was attributed by the ECB Head Mario Draghi’s speech which conveyed a lot less optimism on the Eurozone’s economy’s prospects. Closer to the end of the week, the Dollar index USDX gained 1.2%.

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