Gmo Trading

Euro fell to $1.0929 this week. This is the minimum since May 2017. Analysts believe that the demand for the dollar will continue to grow in the coming months, while the euro may become even cheaper. The euro fell to a multi-month low against the dollar after the release of weak eurozone statistics. It reinforced investor expectations for a further cut in rates in Europe. The meeting of the ECB (European Central Bank) will be held next week, September 12. Markets expect that the Central Bank of Europe lowers its base rate by 20 basis points. Now it is -0.4%. Market participants estimate the probability of a rate cut by 80%. The Central Bank may lower interest rates as economic growth slows, and Germany’s GDP goes negative for the second time in a year. The depreciation of the euro also contributed to fears of a slowdown in global economic growth due to a trade conflict between the U.S. and China. September 1, the United States increased duties on Chinese goods for $300 billi...

At the morning trading, On Wednesday, August 7, the European currency is being traded-in positive territory, trying to win back the losses of the previous day. On Tuesday, the EUR / USD currency pair formed a downward movement during the trading session. In the first half of the day, a local minimum was set at 1.1167, and then the "Eurobbulls" managed to win back most of the losses. In accordance with critical macroeconomic statistics in Germany, industrial orders were published, which rose by 2.5% in June, while analysts had expected an increasing by 0.5%. At the same time, the May value was revised upward from -2.2% to -2%. No essential macroeconomic statistics have been published in the United States. The representative of the Fed, James Bullard made a statement Yesterday that for now, he did not see the conditions in order to reduce the interest rate by 0.5% at a time. He believes inflationary pressures continue declining, while the labor market remains stable. A...

The euro against the dollar has changed the trend. Throughout the past week, the euro has appreciated. As a result, the European currency was able to strengthen to the maximum level against the dollar in two and a half months. On Monday, June 10, the trend reversed and the euro began to fall. The reason for the weakening of the single currency was the news that the European Central Bank (ECB) could lower the interest rate. The euro has also contributed to the decline in the global strengthening of the dollar. American currency has risen in price to most currencies on the planet after news of a deal between Mexico and the United States. Experts believe that yesterday's depreciation of the euro will be a one-time phenomenon, and in the future, the euro will strengthen. According to the bank's forecast, by the end of 2019, the rate will reach $1.16 per euro. The euro will continue to grow, confident in Commerzbank. Bank analysts believe the most compelling reason...