Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Financial analyst specializing on corporate valuation. Long-term experience in analyzing and valuing listed and non listed companies in a wide range of business sectors in Europe, North America and internationally. Some of the sectors covered are financial services, industrials, high technology and real estate. Certified Equity Analyst by the Hellenic Capital Market Commission, Greece. Member of the Hellenic Association of Certified Securities Analysts (HACSA), Greece. Associate Member of the Chartered Institute for Securities & Investment (CISI), UK.

Specialties: Applying methods in corporate valuation, developing valuation models and writing equity research and valuation reports. Consulting services to companies with regard to their valuation drivers and potential corporate value, utilized in corporate deals such as mergers, acquisitions and sale of businesses. Specialized financial translations.

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

FX & Rates

<h3>Graph Analysis – Review</h3>
<p>According to Graph 1, there has been a downtrend for the EUR/USD exchange rate in the past month. During the examined period, there were three secondary movements. More specifically, the currency pair moved upward from November 2nd to November 9th. Shortly after, the currency pair followed a downward trend from November 10st to November 24th. Finally, the pair increased in value from November 25st to December 3th. From November 3rd until November 5th, the MA 20 traded below the MA 10 while on November 6st, the short-term MA crossed below the long-term one. The Candle Bar, Graph 2, depicts that most of the candles were red over the period under consideration. In Graph 3, the PPO line was fluctuating throughout the period in negative territory providing a potential sell signal. In Graph 4, the MACD remained below the signal line for the whole month, alluding to a respective sell signal.</p>
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<h3>Fundamental Analysis – Review</h3>
<p>On November 1st, the Dollar fell due to investors looking to the US Fed interest rate meeting taking place in the middle of the week. | On November 4th, the Dollar gained ground as Fed Chairman Jerome Powell said Fed would start tapering its bond-purchase program later in the month. | On November 9th, the pair traded higher due to concerns appearing in the market over tapering and hike rates by Fed. | On November 10th, the Dollar rose due to speculations about the U.S. inflation data. | On November 11th, USD rose owing to an increase in U.S. inflation and the anticipation of higher interest rates by the Federal Reserve. | On November 12th, EUR/USD traded bearish because of the sharp rise in U.S. inflation for October 2021. European Central Bank President Christine Lagarde stated that in 2022 it’s very unlikely to see interest rate hikes. | The following trading session, November 15th, the Euro dropped further as ECB President Christine Lagarde made a dovish statement in the European Parliament's Committee on Economic and Monetary Affairs. | From November 16th until November 17th the pair went bearish because of increasing Covid-19 cases in Europe and concerns about possible risk of renewed lockdowns. | On November 19th the Euro fell after Lagarde’s speech to the Frankfurt European Banking Congress, where she warned that the ECB“must not rush into a premature tightening” of monetary policy. | On November 22nd, the safe-haven U.S. Dollar traded close to a multi-month high to the Euro on growing anxiety over the impact of surging COVID-19 infections in Europe. | On November 23rd, the Euro edged higher following announcement of Eurozone Private Sector preliminary PMIs. | On November 24th the pair recorded losses due to decrease in German Business sentiment for November 2021. | On November 25th, the Dollar slipped slightly against the Euro, having strengthened previously due to market expectations that the U.S. Federal Reserve would raise rates sooner than other major central banks. | In the following trading session, the Euro gained significant ground against Dollar due to dovish repricing in global central bank expectations. | On November 29th, the pair dropped after ECB’s Vice President’s negative comments about inflation affecting the economic growth in Eurozone.| On December 1st, the Dollar steadied as risk appetite recovered, but Euro-Dollar volatility remained elevated as investors weighed up hawkish comments from the Federal Reserve and risks relating to the Omicron Covid-19 variant. | On December 3rd, the exchange rate increased as the U.S. nonfarming payrolls failed to meet the expectations.</p>

Graph Analysis – Review
According to Graph 1, there has been a downtrend for the EUR/USD exchange rate in the past month. During the examined period, there were three secondary movements. More specifically, the currency pair moved upward from November 2nd to November 9th. Shortly after, the currency pair followed a downward trend from November 10st to November 24th. Finally, the pair increased in value from November 25st to December 3th. From November 3rd until November 5th, the MA 20 traded below the MA 10 while on November 6st, the short-term MA crossed below the long-term one. The Candle Bar, Graph 2, depicts that most of the candles were red over the period under consideration. In Graph 3, the PPO line was fluctuating throughout the period in negative territory providing a potential sell signal. In Graph 4, the MACD remained below the signal line for the whole month, alluding to a respective sell signal.



Fundamental Analysis – Review
On November 1st, the Dollar fell due to investors looking to the US Fed interest rate meeting taking place in the middle of the week. | On November 4th, the Dollar gained ground as Fed Chairman Jerome Powell said Fed would start tapering its bond-purchase program later in the month. | On November 9th, the pair traded higher due to concerns appearing in the market over tapering and hike rates by Fed. | On November 10th, the Dollar rose due to speculations about the U.S. inflation data. | On November 11th, USD rose owing to an increase in U.S. inflation and the anticipation of higher interest rates by the Federal Reserve. | On November 12th, EUR/USD traded bearish because of the sharp rise in U.S. inflation for October 2021. European Central Bank President Christine Lagarde stated that in 2022 it’s very unlikely to see interest rate hikes. | The following trading session, November 15th, the Euro dropped further as ECB President Christine Lagarde made a dovish statement in the European Parliament's Committee on Economic and Monetary Affairs. | From November 16th until November 17th the pair went bearish because of increasing Covid-19 cases in Europe and concerns about possible risk of renewed lockdowns. | On November 19th the Euro fell after Lagarde’s speech to the Frankfurt European Banking Congress, where she warned that the ECB“must not rush into a premature tightening” of monetary policy. | On November 22nd, the safe-haven U.S. Dollar traded close to a multi-month high to the Euro on growing anxiety over the impact of surging COVID-19 infections in Europe. | On November 23rd, the Euro edged higher following announcement of Eurozone Private Sector preliminary PMIs. | On November 24th the pair recorded losses due to decrease in German Business sentiment for November 2021. | On November 25th, the Dollar slipped slightly against the Euro, having strengthened previously due to market expectations that the U.S. Federal Reserve would raise rates sooner than other major central banks. | In the following trading session, the Euro gained significant ground against Dollar due to dovish repricing in global central bank expectations. | On November 29th, the pair dropped after ECB’s Vice President’s negative comments about inflation affecting the economic growth in Eurozone.| On December 1st, the Dollar steadied as risk appetite recovered, but Euro-Dollar volatility remained elevated as investors weighed up hawkish comments from the Federal Reserve and risks relating to the Omicron Covid-19 variant. | On December 3rd, the exchange rate increased as the U.S. nonfarming payrolls failed to meet the expectations.

EURO/US DOLLAR

Comment on Exchange Rate EUR/USD