HelenRush

HelenRush

The market has focused on the key issue - the tone of central bankers' comments. That's why we have seen euro and pound rising, while yen falling against US dollar. The ECB and the BOE adopted a more hawkish position than the market expected, the Fed didn't surprise by the words "gradual rate increase", and the BOJ keep saying it's too early to remove the...

HelenRush

EUR/USD has gone too far on hawkish comments of the ECB’s Draghi. It touched 1.1335 hitting 11-month high. The thing is that the ECB’s chairman during his speech turned out to be rather optimistic, hinting the monetary policy change was coming sooner than expected. He said the economy was going to grow above the trend, and we could even see the signs of...

HelenRush

NZD/USD is in a bullish mode more than 1.5 months. And it fits well into the cyclical nature of the local economy, and cyclical nature of the pair moves. It usually takes kiwi three months to get to the bottom of the yearly range 0.6880 – 0.7340, and then two months to rebound to the upper limit. All of it is directly related to the flexibility of New Zealand...