Forecasts and analysis from HYCM

Tuesday 10 October 2017 EURUSD The EUR/USD pair managed to advance modestly this Monday, as half a holiday in the US, with Wall Street working, but pretty much everything else closed in the country, keeping majors within limited ranges. The pair ended the day marginally higher around 1.1750, merely ...

Monday 9 October 2017 EURUSD The EUR/USD pair closed down for a fourth consecutive week, ending a busy Friday at 1.1733. The weekly decline was a combination of political jitters in Spain and a dovish stance towards rates from the ECB weighing on the common currency, coupled with solid growth data f...

Friday 6 October 2017 EURUSD After a firm, but soft start to the day, the bid tone of the American dollar gathered momentum in the US session, following strong US data and hawkish comments from different Fed's speakers. Additionally, the common currency took a hit from the ECB's meeting minutes rele...

Thursday 5 October 2017 EURUSD The American dollar faltered for a second consecutive day, ending it marginally lower against most of its major rivals, but not far from its recent highs. The greenback eased early Wednesday on headlines indicating that Fed governor Jerome Powell was favored by US trea...

Wednesday 4 October 2017 EURUSD The greenback gained ground at the beginning of the day, but changed course in the American afternoon to end the day marginally lower against the EUR. The pair traded as low as 1.1695 on the back of persistent dollar's demand, fueled during Asian trading hours by a do...

Tuesday 3 October 2017 EURUSD It was another rough start to the week for the EUR as the common currency was affected by political jitters in Spain. The Catalonian referendum, which resulted in hundreds injured as the central police clashed with local voters, revived concerns over the fragility of th...

Monday 2 October 2017 EURUSD The EUR/USD pair fell for a third consecutive week, ending it a 1.1814 and after trading as low as 1.1716. The common currency took a dive at the beginning of the week as a result of Angela Merkel's sour victory in the German election, which brought back concerns about r...

Friday 29 September 2017 EURUSD The EUR/USD pair closed the day with gains for the first time this week, but below the 1.1800 threshold, around 1.1780, as the market took some profits out of the table from the recent dollar's rally. The greenback eased against all of its major rivals, with no clear ...

Thursday 28 September 2017 EURUSD EUR/USD's decline continued this Wednesday, with the pair falling down to 1.1716 during US trading hours, to recover partially later, on the back of mixed US data. According to official releases, Durable Goods Orders bounced from July's slump, up in August by 1.7% a...

Wednesday 27 September 2017 EURUSD The greenback ended the day with solid gains against most of its major rivals, partially bolstered by risk aversion at the beginning of the day, later on demand amid high-yielding rivals' weakness. The common currency was unable to lift its head after the outcome o...

Tuesday 26 September 2017 EURUSD The common currency had a rough day, falling down to 1.1832 against the greenback, to end the day not far above the level. The EUR was hit at the beginning of the week by the outcome of German's election, as Merkel's party got a minor victory, with 33% of the votes, ...

Friday 22 September 2017 EURUSD The American dollar spent Thursday giving back part of the Fed's triggered gains, ending the day with uneven results, but down across the board, anyway. The common currency gained in spite of comments from ECB's Executive Board member Peter Praet, who said that the ti...

Thursday 21 September 2017 EURUSD Having surged to a daily high of 1.2023, the EUR/USD pair fell following Fed's announcement, seen generally hawkish. Clear indications on how and when they will unwind their balance sheet and three rate hikes still seen for this year, were clearly dollar positive, a...

Tuesday 19 September 2017 EURUSD The greenback started the day with a positive tone, up against all of its major rivals amid a better mood within the financial world. The American currency also benefited from the absence of macroeconomic figures that can affect other majors. Stocks were up worldwide...

Monday 18 September 2017 EURUSD Despite advancing for a second consecutive day on Friday, the EUR/USD pair closed the week in the red at 1.1946. Friday's advance was backed by soft US data, as August Retail Sales fell by 0.2% from a month earlier, which additionally suffered downside revisions. In t...

Friday 15 September 2017 EURUSD The EUR/USD pair ended the day marginally higher a handful of pips above 1.1900, having posted a fourth consecutive lower low daily basis, this time at 1.1837. The American dollar got a limited boost from local encouraging data, as inflation rose 0.4% percent in Augus...

Thursday 14 September 2017 EURUSD After hesitating during the first half of the day, the greenback came back with a vengeance alongside Wall Street's opening, on mounting rumors the US government is stepping on the gas over the long awaited tax reform. There was no official announcement on the matte...

Wednesday 13 September 2017 EURUSD The EUR/USD pair fell to a fresh weekly low of 1.1925 to end the day flat in the 1.1960 region, as dollar´s demand on improved market mood receded in the US afternoon. Still, the greenback enjoyed another positive day, advancing through the first two sessions of th...

Tuesday 12 September 2017 EURUSD The greenback edged higher against most of its major rivals in dull Monday trading, leading to a EUR/USD decline down to 1.1956, its lowest since last Thursday, when ECB's Draghi failed to down talk the common currency. The rally was driven my resurgent optimism amon...

Monday 11 September 2017 EURUSD The EUR/USD pair posted its best weekly close for the year, ending at 1.2035, after the ECB' monetary policy announcement on Thursday fueled demand for the common currency. The Central Bank left rates and the QE program unchanged, but in the press conference, head's D...

Friday 8 September 2017 EURUSD The EUR/USD pair surged to 1.2058, but settled around 1.2000, as a result of the ECB's latest monetary policy meeting. As largely expected, Draghi & Co. left the overnight rate unchanged at record lows of 0.0%, while repeating their stance on maintaining QE until D...

Thursday 7 September 2017 EURUSD The EUR/USD pair posted another modest advance this Wednesday, ending the day not far below a weekly high of 1.1949 achieved in the US afternoon. The greenback remained under pressure during the first half of the day amid persistent risk aversion, extending its losse...

Wednesday 6 September 2017 EURUSD The American dollar tried to recover some ground this Tuesday, but its tepid gains were interrupted, and in most cases reverted after North Korean Han Tae-song, ambassador of the Democratic People's Republic of Korea to the United Nations in Geneva, stated that "the...

Tuesday 5 September 2017 EURUSD The greenback opened the week lower against most of its major rivals, maintaining the sour tone all through a quiet day. Escalating geopolitical tensions after North Korea performed a nuclear missile test during the weekend were in the eye of the storm on Monday, more...

Monday September 4 2017 EURUSD A really disappointing US Nonfarm Payroll report was not enough to keep the common currency afloat last Friday, resulting in the EUR/USD pair closing the week in the red around 1.1860. The greenback initially plunged across the board with the release, and if fact, rema...

Friday September 1 2017 EURUSD The American dollar ended the day lower against its major rivals after starting the day with a positive tone, amid an extension of the positive market mood seen on Wednesday. The greenback gain modestly in quiet Asian trading and extended its advance early Europe, help...

Thursday 31 August 2017 EURUSD Dollar's recovery triggered by the sharp comeback of Wall Street late Tuesday, extended all through Wednesday's sessions, resulting in the EUR/USD pair falling to a fresh weekly low in the 1.1880 price zone. Greenback's momentum got an additional boost from solid US da...

Wednesday 30 August 2017 It was a shaky start to the day, with news that North Korea launched an intermediate-range missile over Japan after Monday's US close triggering risk-aversion, which later spread like wild fire during European trading hours. The EUR/USD pair run up to 1.2069, its highest sin...

Monday 28 August 2017 The EUR/USD pair extended its rally to a fresh 2017 this Monday of 1.1982, as dollar's negative momentum triggered by central bankers on Friday persisted, while US softer-than-expected data fueled greenback's decline. Trading was overall thin, with a scarce macroeconomic calend...

Monday 28 August 2017 EUR/USD At the end of a dull trading week, the EUR/USD pair settle at 1.1924, its highest since January 2015, following speeches from Fed´s Yellen and ECB's Draghi, within the Jackson Hole annual Symposium. The American dollar sold off after US Federal Reserve Head focused her ...