Г‚В
the EUR /USD yesterday again failed to overcome the resistance of 1,45 /1,46 and, apparently, retain the potential to contribute in the coming weeks to support the marks of its current trading range, located near 1,42.
Medium-term prospects of the financial situation in the EU continue to bother investors. On the other hand, yesterday”s publication of macroeconomic data in the end still somewhat dampen the players” interest in risky investments, supporting the U.S. dollar exchange rate on the FX.
Retail sales in the U.S. in December 2009 decreased by 0,3% (m /m) against the expected market growth of this indicator on 0,4%. However, the previous value of the index was revised to increase to 1,8% (m /m) against 1.3% previously.
Specified statistics Thus added to the list of indicators, indicating limited potential for further growth, including quotations of U.S. stocks, at least in the perspective of the coming months.
The ECB yesterday, as expected, left its base rate unchanged at 1% per annum. In this case, the head of the European Central Bank J.-C. Trichet stressed in his speech the need for stricter control of the finances of European states, despite the fact that such practices would have an adverse impact on the regional economy. According to him, many factors that contributed to GDP growth, EMC recently, were temporary in nature and in the future development potential of this enabling process will be limited to the need of banks, households and governments to optimize their balance sheets. “Changes in fiscal policy risk to cause mood swings in the market,” said Mr Trichet.
Today, the Greek government intends to formally present his new plan to reduce the national debt and improving fiscal balance. However, it is worth noting that yesterday released details of the document, particularly the expected total annual reduction in state spending and increase taxes in Greece of around 4% of gross domestic product, in contrast with the Greek leadership of the projected faster growth of the national GDP of the country, which, according The Plan shall be drawn up in 2011, 2012 and 2013. 1,5%, 1,9% and 2,5% (g /g), respectively. Greek leadership, perhaps, overly optimistic about potential recovery rates of Europe”s economy from the crisis. In addition, the actions of the Government of Greece in the future the next few years will likely continue to influence complex internal socio-political environment.
Meanwhile, Germany”s Chancellor Angela Merkel yesterday sufficiently “tough” described the current situation in the field of Finance of EMC. “Who will say to the Greek Parliament that he wanted to reform the pension system? - Says Ms Merkel - I do not think that they would be very scared if they hear it from Germany. I do not think that the Germanic Parliament listened to Greece in a similar situation. The conclusion from this: the euro expect very hard times in the coming years “.
Technical analysis of the currency pair USD /CAD
Forex Market. 14/01/2010
Asia: Labor market data pleased investors, Australia
Europe: indexes rose against the background of positive Beige Book
United States: the expectation of reporting improved mood
Latin America: retailers and America Movil have not given the rally going full speed
Asia: IT sector is enthusiastic success of Intel
Europe: there was sadness, yes the U.S. helped
United States: “the first pancake” in the new year …
Forex Market 15/01/2010
Г‚В
the EUR /USD yesterday again failed to overcome the resistance of 1,45 /1,46 and, apparently, retain the potential to contribute in the coming weeks to support the marks of its current trading range, located near 1,42.
Medium-term prospects of the financial situation in the EU continue to bother investors. On the other hand, yesterday”s publication of macroeconomic data in the end still somewhat dampen the players” interest in risky investments, supporting the U.S. dollar exchange rate on the FX.
Retail sales in the U.S. in December 2009 decreased by 0,3% (m /m) against the expected market growth of this indicator on 0,4%. However, the previous value of the index was revised to increase to 1,8% (m /m) against 1.3% previously.
Specified statistics Thus added to the list of indicators, indicating limited potential for further growth, including quotations of U.S. stocks, at least in the perspective of the coming months.
The ECB yesterday, as expected, left its base rate unchanged at 1% per annum. In this case, the head of the European Central Bank J.-C. Trichet stressed in his speech the need for stricter control of the finances of European states, despite the fact that such practices would have an adverse impact on the regional economy. According to him, many factors that contributed to GDP growth, EMC recently, were temporary in nature and in the future development potential of this enabling process will be limited to the need of banks, households and governments to optimize their balance sheets. “Changes in fiscal policy risk to cause mood swings in the market,” said Mr Trichet.
Today, the Greek government intends to formally present his new plan to reduce the national debt and improving fiscal balance. However, it is worth noting that yesterday released details of the document, particularly the expected total annual reduction in state spending and increase taxes in Greece of around 4% of gross domestic product, in contrast with the Greek leadership of the projected faster growth of the national GDP of the country, which, according The Plan shall be drawn up in 2011, 2012 and 2013. 1,5%, 1,9% and 2,5% (g /g), respectively. Greek leadership, perhaps, overly optimistic about potential recovery rates of Europe”s economy from the crisis. In addition, the actions of the Government of Greece in the future the next few years will likely continue to influence complex internal socio-political environment.
Meanwhile, Germany”s Chancellor Angela Merkel yesterday sufficiently “tough” described the current situation in the field of Finance of EMC. “Who will say to the Greek Parliament that he wanted to reform the pension system? - Says Ms Merkel - I do not think that they would be very scared if they hear it from Germany. I do not think that the Germanic Parliament listened to Greece in a similar situation. The conclusion from this: the euro expect very hard times in the coming years “.
Technical analysis of the currency pair USD /CAD
Forex Market. 14/01/2010
Asia: Labor market data pleased investors, Australia
Europe: indexes rose against the background of positive Beige Book
United States: the expectation of reporting improved mood
Latin America: retailers and America Movil have not given the rally going full speed
Asia: IT sector is enthusiastic success of Intel
Europe: there was sadness, yes the U.S. helped
United States: “the first pancake” in the new year …