Vector Securities - Analytics

    Vector Securities

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    The end of the week is likely to be boring

    The end of the week is likely to be boring
    Yesterday the common currency proved its weakness again, decreasing sharply on messages that the ECB was discussing the introduction of two-level system of rates for European banks and further reduction of deposit rate (it is already negative). American statistics didn’t disappoint either – durable goods orders were better than predicted, houses sales in the primary market almost met expectations. Still, these data eventually provoked profit fixation in EURUSD pair, which returned above 1.0600.

    Today news background is practically empty. There are no significant events. The day can be very inactive without considerable movement against the background of holiday – Thanksgiving Day in the U.S.A.


    Trade tactics:

    Out of the market. The process of trades is unlikely to change. Euro tends to continue decrease, but this movement resembles compressed spring – bounce can be very sharp.


    Any opinions, advice, news, research, analyses, prices or any other information presented on this webpage is provided as general market commentary and does not constitute investment advice. "Vector Securities" shall not be liable for any loss, including loss of profit, which may arise directly or indirectly from the use of this information.

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