Forex Market 13/10/2009

 

commemorated yesterday in the United States Columbus Day is, apparently, contributed to the slowdown of players, including - the currency market. However, these macro-and microeconomics, released yesterday, a whole new influx of capital contributed in risk. Corporation Philips Electronics NV announced Monday that its profit in the III quarter. amounted to 147 million euros against 57 million euros a year earlier. Despite the decline in sales, made up an impressive 11% (g /g), the company managed to record up to July - September this year very positive outcome by reducing the cost and the dissolution of provisions for health care to retirement of employees in the amount of 87 million euros. Should, however, noted that the leadership of Philips no signs of structural improvement in most markets its products. Germanic wholesale price index, also according to yesterday's data, in September of this year was -8.1% (g /g). Its average oil and the value of the previous month were equal to -7.7% (g /g) and - 8,3%, indicating in general that minimize measures of monetary expansion, the world's leading Bank in the current circumstances would create a significant deflationary risks in the global economy. Against this backdrop, the euro /dollar, with support from the corporate securities market and the commodity segment has managed to recover from yesterday at levels near 1.4800, and in terms of technical factors which still growth potential in its weekly trend. Today is reporting data for the III quarter. 2009 published Johnson Johnson and Intel. Tomorrow-JP Morgan Chase. Finally, on Thursday and Friday will be released quarterly corporate statistics Citigroup, Goldman Sachs, Nokia and, accordingly, IBM and Google.

This information, according to the nature of financial data has emerged of U.S. companies, may well support the activity of risky investments and, consequently, in the continuing market correlations, the euro on FX. Against this backdrop, the greatest short-term risks for the players on the appreciation of the EUR /USD has information of U.S. indicators of retail sales outlets in Wednesday and published October 15 and 16 this year data, respectively, consumer inflation and industrial production in the United States.

Season reporting in Europe started with the results of Philips, which exceeded expectations
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