Tenders for the main couple will be mostly in the range 1,3912-1,4060 dollars per euro
By admin at 14 July, 2009, 11:22 am
This is for several weeks, the major currency pairs in forex trading in a fairly narrow ranges. At the market, no even for short ideas, and quotations of major currencies fluctuate depending on the situation on stock markets and the general attitude of investors to risk, while trading volume on the forex still low.
A new week has not been able to reverse these trends. As soon as the U.S. stock indexes on Monday have started to show recovery, risky for the European currency has resumed its tradition of growth against the low dollar.
Stock markets rose in the hope that reporting this week, the largest U.S. banks will once again show positive financial results. So, now quarterly report will provide Goldman Sachs, on Thursday - JP Morgan, a turn on Friday Bank of America and Morgan Stanley. And, despite the fact that the volume of credit (including consumer), the last few months has been steadily declining, the U.S. financial institutions may indeed show a good profit through speculative activities in the II quarter of the stock and commodity markets.
some short-term support for European currencies have financial statements yesterday, the authorities of the United States and Great Britain. For example, Timothy Gaytner and Alistair Darling on Monday said that measures to stabilize the financial crisis given its results and the recovery process is not far off.
At the end of the North American session came on the U.S. federal budget deficit in June. During the first 9 months of fiscal year 2009 budget deficit exceeded $ 1 trillion, reaching values of - $ 1.086 trillion. In doing so, even in traditionally profitsitnom for past June, this time, there was excess expenditure to 94.32 billion
Among the macro-economic statistics today is to provide data on consumer inflation in the UK (12:30 Moscow time.), which is expected to price the first time, going below the benchmark Bank of England (2%). Some influence on the dynamics of cross-rate euro will have the figures for May for the industrial production in the euro area (13:00 Moscow time).. An hour before the start of the North American session is to draw attention to the publication of data on the volume of retail sales in the United States (16:30 Moscow time.) And producer prices in June.
At the same time bidding for the main couple will be mostly in the range 1,3912-1,4060 dollars per euro.
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