USD
The theme of escape from the risks have not left a blank calendar only contributes to widening of the mystery and uncertainty. In addition, stock markets have their - the large-scale sale of securities, of course, will only encourage the exodus from risky assets in the same dollar, yen and franc. Thus, do not forget to view the U.S. indices during the day, because they often are targeted Asians and then Europeans.
With regard to economic data, then Tuesday, we again did not submit anything interesting, except for a pair of releases secondary importance. Report Redbook reported a decrease in the volume of retail sales at 4.3%, indicating that consumers are not in a hurry to part with their funds, considering the continuing problems in the labor market. Nevertheless, the index of sales in the networks of stores ICSC-GS noted weekly and annual enhancement, which gives hope that people can still renew their costs, given the recent report confirming the growth of income.
Today's calendar also does not promise any extravaganza. Of the releases, only data on the number of approved applications for mortgage and consumer lending rates. It is unlikely that this will cause a violent reaction in the market, so that all attention remains on the stock markets. Today, just received the first reports on the profits.
EUR
euro can not manage to break above $ 1.40 mark, and the awareness of this severely damages the lives of the single currency. The last failed attempt of Perforation has a couple of below $ 1.3900, where it is up to the moment. Even a fairly positive data from Germany were not able to help the innocent EUR. The volume of orders received manufacturing industries of Germany, in May, exceeded all expectations of analysts. However, year on year decline was still significant - 29.4%. Domestic orders rose by 3.9%, foreign - at 6.2%. This trend is quite consistent with the recent strengthening of index PMI in the manufacturing industry. If the trend is confirmed in June, the market reaction may be more impressive because the restoration of the production engine for the euro plays a big role.
Today, we receive a final report on the eurozone GDP for 1 quarter, which is unlikely to bring any surprises but not quite skidyvat their accounts - remember the situation with Britain). Also drew attention to the indicators of industrial production of Germany, who could sing in unison with yesterday's report, although even this is unlikely to be sufficient to send the pair above the key $ 1.40 mark.
GBP
The British pound is still feeling not quite yourself. A very long time, it strengthened on signs of economic recovery, but the horrific final figures for GDP for 1 quarter (this we already mentioned) a serious health brace currency. Now, and other economic reports are not pyshut health of the economy. Expectations of recovery activity in the UK manufacturing sector is not justified because the volume of production declined in monthly terms. Following the publication of positive study data and data on CIPS promproizvodstvu for the previous month, market participants expect that the situation in the sector is beginning to radically improve. However, recent data showed that output in the manufacturing sector declined in May to 0.5% and 12.7% annualized. Moreover, according to forecasts the National Institute of Economic and Social Research of Great Britain (NIESR), 2 in the square. UK economy fell by 0.4% sq /sq. to decline by 1,3% for the period from March to May and 2.4% in quarter 1. Based on these figures, NIESR found that currently the country's economy is likely to stagnate than continuing to decline rapidly.
However, this morning brought more positive. As recent studies Nationwide, the June consumer confidence rose again Britons, updating the maximum recorded in October 2008, with a maximum in December 2007 index of economic expectations index suggests a more optimistic consumer. In June, the overall Nationwide consumer confidence index rose to 58 to 54 in May. Now we should do nothing, as expected of tomorrow's meeting of the Bank of England, where it will dissipate all the rumors about the increase of the quantitative mitigation. Most likely, until then will keep the pound within the range, unless published today a report on the BRC retail price index will not cause too violent emotions among traders.
JPY
This morning, Asian stocks fell after the U.S., also reflecting the flight from risky assets. While the dollar strengthened everywhere, all the losses have been reported against the Japanese currency, as well as crosses with yenoy fell, pulling a dollar /yen. It is likely that this trend will continue until the first positive report on the profits of the financial sector.
Today we received a few economic releases. According to the Government of Japan, in May, the balance of current operations showed a surplus of Y1.302 trillion. This was due to the continuation of the sharp decrease in exports, in addition, imports fell to a lower energy prices. According to the Ministry of Finance, the annualized balance of current operations was lower by 34%, as well as a slight recovery in external demand for Japanese goods remains extremely weak in the still low level of world trade.
In addition, unexpectedly fell in May, orders for industrial equipment. The total volume of orders fell 3% versus 5.4% in April. So, not very good news for those who choose to believe in the restoration of the Japanese economy.
The dynamics of world oil prices after the weekly statistics to determine the direction of motion at the close of the market
The beginning of the season publications corporate reporting in the United States is making a visible nervousness in the ranks of Russian investors
Today the Russian market may affect the pace of updates on the fall of the euro area GDP in the first quarter
Oil quotes the Russian indexes are in the medium-term descending trend
Igor Artemyev: readiness Gazprom oil remedy a violation of antitrust law was not confirmed by
Asian stock indicators, after receiving a gift from Wall Street as gepa down increasing negative
Review of the FOREX market for 07.07.09
Asian markets on Wednesday were down largely due to weak data from Japan
Kommersant: Ministry of Transport believes that most of the port charges in Ukraine understated
Playing hide and seek Alja Forex
USD
The theme of escape from the risks have not left a blank calendar only contributes to widening of the mystery and uncertainty. In addition, stock markets have their - the large-scale sale of securities, of course, will only encourage the exodus from risky assets in the same dollar, yen and franc. Thus, do not forget to view the U.S. indices during the day, because they often are targeted Asians and then Europeans.
With regard to economic data, then Tuesday, we again did not submit anything interesting, except for a pair of releases secondary importance. Report Redbook reported a decrease in the volume of retail sales at 4.3%, indicating that consumers are not in a hurry to part with their funds, considering the continuing problems in the labor market. Nevertheless, the index of sales in the networks of stores ICSC-GS noted weekly and annual enhancement, which gives hope that people can still renew their costs, given the recent report confirming the growth of income.
Today's calendar also does not promise any extravaganza. Of the releases, only data on the number of approved applications for mortgage and consumer lending rates. It is unlikely that this will cause a violent reaction in the market, so that all attention remains on the stock markets. Today, just received the first reports on the profits.
EUR
euro can not manage to break above $ 1.40 mark, and the awareness of this severely damages the lives of the single currency. The last failed attempt of Perforation has a couple of below $ 1.3900, where it is up to the moment. Even a fairly positive data from Germany were not able to help the innocent EUR. The volume of orders received manufacturing industries of Germany, in May, exceeded all expectations of analysts. However, year on year decline was still significant - 29.4%. Domestic orders rose by 3.9%, foreign - at 6.2%. This trend is quite consistent with the recent strengthening of index PMI in the manufacturing industry. If the trend is confirmed in June, the market reaction may be more impressive because the restoration of the production engine for the euro plays a big role.
Today, we receive a final report on the eurozone GDP for 1 quarter, which is unlikely to bring any surprises but not quite skidyvat their accounts - remember the situation with Britain). Also drew attention to the indicators of industrial production of Germany, who could sing in unison with yesterday's report, although even this is unlikely to be sufficient to send the pair above the key $ 1.40 mark.
GBP
The British pound is still feeling not quite yourself. A very long time, it strengthened on signs of economic recovery, but the horrific final figures for GDP for 1 quarter (this we already mentioned) a serious health brace currency. Now, and other economic reports are not pyshut health of the economy. Expectations of recovery activity in the UK manufacturing sector is not justified because the volume of production declined in monthly terms. Following the publication of positive study data and data on CIPS promproizvodstvu for the previous month, market participants expect that the situation in the sector is beginning to radically improve. However, recent data showed that output in the manufacturing sector declined in May to 0.5% and 12.7% annualized. Moreover, according to forecasts the National Institute of Economic and Social Research of Great Britain (NIESR), 2 in the square. UK economy fell by 0.4% sq /sq. to decline by 1,3% for the period from March to May and 2.4% in quarter 1. Based on these figures, NIESR found that currently the country's economy is likely to stagnate than continuing to decline rapidly.
However, this morning brought more positive. As recent studies Nationwide, the June consumer confidence rose again Britons, updating the maximum recorded in October 2008, with a maximum in December 2007 index of economic expectations index suggests a more optimistic consumer. In June, the overall Nationwide consumer confidence index rose to 58 to 54 in May. Now we should do nothing, as expected of tomorrow's meeting of the Bank of England, where it will dissipate all the rumors about the increase of the quantitative mitigation. Most likely, until then will keep the pound within the range, unless published today a report on the BRC retail price index will not cause too violent emotions among traders.
JPY
This morning, Asian stocks fell after the U.S., also reflecting the flight from risky assets. While the dollar strengthened everywhere, all the losses have been reported against the Japanese currency, as well as crosses with yenoy fell, pulling a dollar /yen. It is likely that this trend will continue until the first positive report on the profits of the financial sector.
Today we received a few economic releases. According to the Government of Japan, in May, the balance of current operations showed a surplus of Y1.302 trillion. This was due to the continuation of the sharp decrease in exports, in addition, imports fell to a lower energy prices. According to the Ministry of Finance, the annualized balance of current operations was lower by 34%, as well as a slight recovery in external demand for Japanese goods remains extremely weak in the still low level of world trade.
In addition, unexpectedly fell in May, orders for industrial equipment. The total volume of orders fell 3% versus 5.4% in April. So, not very good news for those who choose to believe in the restoration of the Japanese economy.
The dynamics of world oil prices after the weekly statistics to determine the direction of motion at the close of the market
The beginning of the season publications corporate reporting in the United States is making a visible nervousness in the ranks of Russian investors
Today the Russian market may affect the pace of updates on the fall of the euro area GDP in the first quarter
Oil quotes the Russian indexes are in the medium-term descending trend
Igor Artemyev: readiness Gazprom oil remedy a violation of antitrust law was not confirmed by
Asian stock indicators, after receiving a gift from Wall Street as gepa down increasing negative
Review of the FOREX market for 07.07.09
Asian markets on Wednesday were down largely due to weak data from Japan
Kommersant: Ministry of Transport believes that most of the port charges in Ukraine understated