Vector Securities - Analytics

    Vector Securities

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    Euro was stopped by the terrorist attack


    Yesterday the terrorist attack in Brussels excluded possibilities of growth for euro, though Eurozone’s indices of business activity showed quite good results. ZEW and IFO reports were more controversial – moods of German investors worsened. As a result, euro passed its positions again. Still, this fall was limited – terrorist attacks didn’t change economic situation globally. Pound reacted more nervously to mixed data on inflation, which don’t show notable growth signals. The situation has become more unstable, still neither party has significant advantage. Despite dollar’s growth for the third day in a row, it is too early to talk about new change of moods. Speaking of today’s notable events, there are only houses sales in US primary market. Although forecasts promise growth of the indicator in contrast to previous month, still, fall of sales in the secondary market detected this Monday, can repeat today too. It will limit interest to dollar’s purchases.
     
    Trade tactics:
    It is important not only to enter the market promptly, but also to leave it in time. Unfortunately, we have problems with the second rule – we tend to overstay the position. However, it is practically impossible to predict such factor as terrorist attack. It’s good that there was opportunity to set stop at the entry point and the position was closed without losses. After another unsuccessful attempt to catch the market, it is time to take a pause and think about current situation. Now we stay out of the market. 
     
    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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