Рубрика: Analysis and Reviews

Forex Analysis and Reviews

The dollar is looking for a new driver

The dollar finished the week in different directions. It withstood the pace of strengthening against commodity currencies but noticeably sagged against defensive assets. There are several reasons, as usual. The expected inflation report on Wednesday was slightly higher than forecast and core inflation rose to 1.8% for the first time in 5 months. However, there […]

The Euro used its chance

Eurozone The euro took full advantage of the rise of political risks in the US when it passed the tax reform plan through Congress, restoring half of the losses from the reduction of the last one and a half months, but in order to question the reversal of the trend to the south, something more […]

Global macro overview for 17/11/2017

The US Industrial Production jumped a solid 0.9% in October as factory activity recovered from the impact of Hurricanes Harvey and Irma (consensus: 0.5%). New light for the expected growth rate for the fourth quarter threw a massive jump in factory production (1.3% m/m, consensus: 0.6%) which was recorded at its seven-year high. Mining activity […]

Bitcoin analysis for November 17, 2017

The Bitcoin (BTC) has been trading upwards. As I expected, the price tested the level of $7.987. A major Japanese bitcoin exchange is looking to enter the Russian cryptocurrency market and is seeking a local partner. The exchange’s CEO says «demand is huge» and urges Russia to look at Japan as a model for cryptocurrency […]