In the Forex market the dollar is continuously decreasing under pressure from investors' optimism. Thus, on the eve of the block out quite curious macroeconomic statistics, both from the United States and from Europe. The data again supported the positive market sentiment, resulting in the euro /dollar has updated its highs, approaching the important psychological mark of 1.50. In the euro area have pleased the data on the volume of industrial production for August, which rose by 0.9% compared to the previous month, when the index showed negative dynamics of -0.3% m /m. It should be noted that the published data were even better than the most optimistic forecasts (expected to increase 0.8% m /m). Out and encouraging data on the labor market in the UK. The unemployment rate did not show the expected growth and remained unchanged 7.9%.
Positive came with the North American continent. Index of retail sales and showed the least decline, was nevertheless much better than his gloomy prediction that was an additional impetus to further sales of U.S. currency. But the sale of food products have shown positive dynamics of 0.7%. However, analysts note that under the circumstances, namely, the tight credit policies and because of declining employment and incomes, consumption will grow slightly.
At the moment, the euro /dollar is trading near the 1.4930 mark, - the dollar slightly adjusted. Today the focus will be the players statistics from the U.S.. The most interesting data are expected consumer price index in September (expected to decline 0.2%, and the number of applications for unemployment benefits (expected a slight increase). It is possible that, in light of yesterday's statistics, today's data also surpass analysts' expectations, which could trigger another wave of sales of U.S. currency.
In the Forex market is continuously decreasing dollar under pressure from investors' optimism
In the Forex market the dollar is continuously decreasing under pressure from investors' optimism. Thus, on the eve of the block out quite curious macroeconomic statistics, both from the United States and from Europe. The data again supported the positive market sentiment, resulting in the euro /dollar has updated its highs, approaching the important psychological mark of 1.50. In the euro area have pleased the data on the volume of industrial production for August, which rose by 0.9% compared to the previous month, when the index showed negative dynamics of -0.3% m /m. It should be noted that the published data were even better than the most optimistic forecasts (expected to increase 0.8% m /m). Out and encouraging data on the labor market in the UK. The unemployment rate did not show the expected growth and remained unchanged 7.9%.
Positive came with the North American continent. Index of retail sales and showed the least decline, was nevertheless much better than his gloomy prediction that was an additional impetus to further sales of U.S. currency. But the sale of food products have shown positive dynamics of 0.7%. However, analysts note that under the circumstances, namely, the tight credit policies and because of declining employment and incomes, consumption will grow slightly.
At the moment, the euro /dollar is trading near the 1.4930 mark, - the dollar slightly adjusted. Today the focus will be the players statistics from the U.S.. The most interesting data are expected consumer price index in September (expected to decline 0.2%, and the number of applications for unemployment benefits (expected a slight increase). It is possible that, in light of yesterday's statistics, today's data also surpass analysts' expectations, which could trigger another wave of sales of U.S. currency.
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