At the auction on Tuesday, some stabilization in the stock pads have contributed to the propensity of investors to risk and, consequently, an increase in risky instruments. In addition, market participants were given their preference for more risky currencies is also due to a more favorable economic indicators for the euro area.
Posted on Tuesday recorded a German ZEW institute showed that the index of economic expectations in August reached its highest level in more than two years. The index of economic expectations in Germany in August was 56.1 against 39.5 in July, while the projection was 45
Another good news for the euro, and in particular to the British pound, was the publication of the UK, according to which the rate of inflation in the country in July was above the forecast number of experts. Thus, the consumer price index in Britain has not changed from the previous month, while the expected rate of decline at 0.2%. Compared with the same period last year, the consumer price index rose by 1.8% after growing by 1,6% in the previous month. On the market there were views that the Bank of England may move to raise rates earlier than expected, or did not realize until the end of the program for the acquisition of assets.
issued a mixed economic indicators on housing and manufacturing sector, the U.S. could not significantly influence the market. Number of bookmarks new foundations in the U.S. unexpectedly fell in July (from 582 to 581 thousand), together with the number of building permits (from 563 to 560 thousand), but at the same time, the number of bookmarks to the new single-family homes in the U.S. July increased from a record low level reached in February, at 37%, while the number of unsold homes declined. According to analysts, demand for homes has increased due to relatively low rates on mortgages andthe federal government provided tax incentives. Producer Price Index showed the decline to 1.8% in June to -0.9% in July, shift the balance of risks to inflation to decline.
Oil prices surpassed U.S. $ 70 per barrel against the backdrop of a sudden reduction in oil reserves in the United States, which also adversely affected the course of American currency.
At the end of the day the euro /dollar again rose above the level of 1.4100 up to 1.4153. Pound /dollar rose 260 points and reached 1.6585. Course dollar /yen trading in a range 94.30 - 95.30.
Forecast for Wednesday, August 19
Looking investors on the prospects for world economic growth has become slightly more positive.
Wednesday for the interest of market participants will present the following data: the index of producer prices in Germany, the balance of current account balance of payments euro area, as well as the publication of the protocol last meeting of the Central Bank monetary policy.
Following a significant growth in euro in the second day of the week on Wednesday may be a slight correction. Estimated range on Wednesday on a pair of Euro /dollar 1.4050 - 1.4200, the pair Pound /dollar 1.6400 - 1.6650.
Analytical review of the Forex market for August 18
At the auction on Tuesday, some stabilization in the stock pads have contributed to the propensity of investors to risk and, consequently, an increase in risky instruments. In addition, market participants were given their preference for more risky currencies is also due to a more favorable economic indicators for the euro area.
Posted on Tuesday recorded a German ZEW institute showed that the index of economic expectations in August reached its highest level in more than two years. The index of economic expectations in Germany in August was 56.1 against 39.5 in July, while the projection was 45
Another good news for the euro, and in particular to the British pound, was the publication of the UK, according to which the rate of inflation in the country in July was above the forecast number of experts. Thus, the consumer price index in Britain has not changed from the previous month, while the expected rate of decline at 0.2%. Compared with the same period last year, the consumer price index rose by 1.8% after growing by 1,6% in the previous month. On the market there were views that the Bank of England may move to raise rates earlier than expected, or did not realize until the end of the program for the acquisition of assets.
issued a mixed economic indicators on housing and manufacturing sector, the U.S. could not significantly influence the market. Number of bookmarks new foundations in the U.S. unexpectedly fell in July (from 582 to 581 thousand), together with the number of building permits (from 563 to 560 thousand), but at the same time, the number of bookmarks to the new single-family homes in the U.S. July increased from a record low level reached in February, at 37%, while the number of unsold homes declined. According to analysts, demand for homes has increased due to relatively low rates on mortgages andthe federal government provided tax incentives. Producer Price Index showed the decline to 1.8% in June to -0.9% in July, shift the balance of risks to inflation to decline.
Oil prices surpassed U.S. $ 70 per barrel against the backdrop of a sudden reduction in oil reserves in the United States, which also adversely affected the course of American currency.
At the end of the day the euro /dollar again rose above the level of 1.4100 up to 1.4153. Pound /dollar rose 260 points and reached 1.6585. Course dollar /yen trading in a range 94.30 - 95.30.
Forecast for Wednesday, August 19
Looking investors on the prospects for world economic growth has become slightly more positive.
Wednesday for the interest of market participants will present the following data: the index of producer prices in Germany, the balance of current account balance of payments euro area, as well as the publication of the protocol last meeting of the Central Bank monetary policy.
Following a significant growth in euro in the second day of the week on Wednesday may be a slight correction. Estimated range on Wednesday on a pair of Euro /dollar 1.4050 - 1.4200, the pair Pound /dollar 1.6400 - 1.6650.
Better the market today may look like shares of oil companies and the securities of financial sector
Russia is expected to open mixed platforms, today the players will not take action
Rising oil prices could now support the quotations of securities of Russian issuers
Today, the major resistance level for the bulls will be 1090 points for the district MICEX index
Kuzbassrazrezugol puts into operation a mine worth 3 billion rubles
Yesterday, the American stock market was dominated optimistic mood
Latin America: early happy Bears
Pashaver: Ukraine's economy is gradually emerging from the crisis
Declarative recovery
Legislators should consider the creation of a bad bank. Investors are unlikely to help, but many bankers - interfere with …