Vector Securities - Analytics

    Vector Securities

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    The market gets bored without American players

    The market gets bored without American players
    Our assumption of boring market on Thanksgiving Day was correct. It is practically impossible to remember something outstanding yesterday. This day can be more fun, but not much – in the U.S.A. workday is short and news background is limited, mainly from Europe. There are insignificant indices of moods, producers’ prices in France and German import-export prices. And if moods indices aren't expected to bring troubles – terroristic attacks in Paris still have little influence on such polls, then prices eventually influence the Eurozone’s inflation. However, their influence is not great enough to change market moods now. The second evaluation of GDP for the 3rd quarter is one more factor that is able to influence dynamics of British pound. Still, it is possible only under conditions that revised data will differ considerably from preliminary evaluation. In general, today it is difficult to expect strong splash of activity against the background of limited trade session in the U.S.A. 
    Trade tactics:
    As before, dollar bulls have the situation under control. There is no desire to sell dollar. So, we don’t see grounds to buy EURUSD pair. The time has not come yet. To aggressive traders we recommend considering euro’s sale under breakthrough 1.0600 downward, stop at 1.0730. The nearest aim is at 1.0560 – 1.0570. In case of a pair decrease of more than 30 points from the entry point, rearrange stop at the entry point. 
    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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