This week the dynamics of Forex trading has remained calm. After quite an intense decline against the euro on Monday the dollar began to develop the offensive, having played little part of its previous decline. Note that on Monday in the euro area came upbeat data on the volume of industrial orders in June, showed the strongest growth over the past 19 months: 3.1% m /m. However, any tangible support to these data did not have a lucrative euro, resulting in sales of the single currency against the dollar resumed on Tuesday.
Macroeconomic statistics Tuesday also proved to be quite positive, but because the trend of quiet trading has been further developed. As expected, the GDP of Germany (the largest Eurozone economy) in the second quarter of 2009 showed growth of 0.3% in quarterly terms. We were pleased with the day and America - the index of consumer confidence in August, significantly higher than analysts' expectations and rose to a mark of 54.1 points. He grew up and the index of home prices from the SP /Case-Shiller: 1.4% in June.
Thus, one could argue that the markets prevail positive mood. Macroeconomic statistics often goes much better than his forecasts, and also encouraged by statements of officials. Thus, in particular, on Tuesday, U.S. President Barack Obama said that his Government had developed a package of measures to stabilize the economic situation has helped bring the country out of a prolonged recession. Nevertheless, future prospects are still uncertain. Many experts note that the recovery period shtatovskoy economy can be quite painful. Despite the fact that the volume of layoffs around the country show the reduction in the number of people who work are - still not growing. It was excitement and inflation, which may soon begin to grow significantly. Sore place is also the banking sector, where experts expect another wave of defaults on loans, which could provoke a new series of bankruptcies of U.S. banks.
As regards the conduct of exchange on Forex, it should be expected to revive towards the end of the week. So, on Thursday will come improved data on the dynamics of growth of U.S. GDP. Be interesting and the index of consumption expenditure. On Friday, expecting a lot of statistics from Europe and the U.S.. In the euro area is expected to increase indices of consumer confidence in America predict a decline in personal income and spending.
It is worth emphasizing that the probability is high that the development of a confident the trend until the end of this week we will not see. If macroeconomic statistics are not prepodneset no surprises, the euro /dollar will probably continue to trade mixed in the channel between 1.4000/50-1.4400/40.
This week the dynamics of Forex trading is calm
This week the dynamics of Forex trading has remained calm. After quite an intense decline against the euro on Monday the dollar began to develop the offensive, having played little part of its previous decline. Note that on Monday in the euro area came upbeat data on the volume of industrial orders in June, showed the strongest growth over the past 19 months: 3.1% m /m. However, any tangible support to these data did not have a lucrative euro, resulting in sales of the single currency against the dollar resumed on Tuesday.
Macroeconomic statistics Tuesday also proved to be quite positive, but because the trend of quiet trading has been further developed. As expected, the GDP of Germany (the largest Eurozone economy) in the second quarter of 2009 showed growth of 0.3% in quarterly terms. We were pleased with the day and America - the index of consumer confidence in August, significantly higher than analysts' expectations and rose to a mark of 54.1 points. He grew up and the index of home prices from the SP /Case-Shiller: 1.4% in June.
Thus, one could argue that the markets prevail positive mood. Macroeconomic statistics often goes much better than his forecasts, and also encouraged by statements of officials. Thus, in particular, on Tuesday, U.S. President Barack Obama said that his Government had developed a package of measures to stabilize the economic situation has helped bring the country out of a prolonged recession. Nevertheless, future prospects are still uncertain. Many experts note that the recovery period shtatovskoy economy can be quite painful. Despite the fact that the volume of layoffs around the country show the reduction in the number of people who work are - still not growing. It was excitement and inflation, which may soon begin to grow significantly. Sore place is also the banking sector, where experts expect another wave of defaults on loans, which could provoke a new series of bankruptcies of U.S. banks.
As regards the conduct of exchange on Forex, it should be expected to revive towards the end of the week. So, on Thursday will come improved data on the dynamics of growth of U.S. GDP. Be interesting and the index of consumption expenditure. On Friday, expecting a lot of statistics from Europe and the U.S.. In the euro area is expected to increase indices of consumer confidence in America predict a decline in personal income and spending.
It is worth emphasizing that the probability is high that the development of a confident the trend until the end of this week we will not see. If macroeconomic statistics are not prepodneset no surprises, the euro /dollar will probably continue to trade mixed in the channel between 1.4000/50-1.4400/40.
Developed countries, one after another to announce the release of the crisis
Index of the Frankfurt Stock Exchange Xetra DAX fell 20.38 points, the index of the London Stock Exchange FTSE 100 fell 13.14 points
From a technical point of view, the market has a strong support level at 1,100 points MICEX Index, which received only a break with a strong external negative
Statistics on stocks of petroleum and petroleum products can seriously affect the dynamics of Russia's market
At 16.00 Moscow time the volume of trading in the market for government securities MICEX amounted to 27.48 billion rubles
Review of the precious metals market for 25.08.09
Ukrprombank interested Swedes, Americans and Russians
Stavniychuk: Discussion of changes to the Constitution does not mean a referendum
Makoekonomicheskie data published today, were better than expected, but even they did not protect the market from correcting