Thursday, March 20, 2014

The euro rose against the dollar in yesterday


Trade on Thursday conducted the scenario, which is considered typical, with growth lame of market risk appetite. The dollar rose against the yen and fell against the Europeans. The main factor influencing the investors were news related to decisions made at the meetings of the European Central Bank, on which the fate of monetary policy. Themselves the ECB and the Bank of England did not change anything on the market reaction is not caused, to boost sales of "green" gave a press conference of the ECB M. Draghi, voiced optimism and signaled that it will soon have no intention lame of further soften policy. Data on the U.S. economy were noted mixed results, and the impact on the market have a minimum. The number of initial claims for unemployment claims last week fell by 26 thousand and reached 323 thousand, which was better than expected, waited 335 thousand, however, lame factory orders continued to fall in January, -0.7% m / m after -2.0% m / m in December, did not confirm the prediction than that believed to be -0.4% m / m Today newsflow States will fill one of the most anticipated events of this week - the publication lame of a report on labor. It is predicted that in February the unemployment rate remained the same, 6.6%, and the number of jobs in non-farm payrolls increased by 150/155 113 thousand after thousand is probably already priced market and confirming the fact will not cause a strong reaction, but the deviation can affect and cause appropriate emotions.
The euro rose against the dollar in yesterday's trading, and impetus to the European currency purchases gave a traditional lame press conference M. Draghi, which is held after the announcement of the Central Bank decisions. European regulator decision itself - leave the refinancing rate at 0.25% and the rate on bank deposits at the ECB at 1%, ie not to change anything in politics, emotions in the market has not caused. Stormy buying euro began to be made against the background of the head of the ECB, which, in general, rejected the threat of deflation and has not given any signals that allow hope for an early easing in conditions of low inflation in the European block, hindering lame sustainable economic recovery. Obviously, some market participants expect that the ECB will lower rates or still hint at the application of mitigation policy in the near future, and the sale of the "bugs" against the euro were the result of unfulfilled hopes. Maintain the momentum for the euro were statements lame on the increasing GDP forecast European bloc this year. Do not spoil the overall positive sentiment for the euro, and will likely support his order data the manufacturing sector in Germany, lame which rose more than expected in January - by 1.2% m / m vs. +0.8% forecast m / m after -0.2 m / m previously. Today, lame significant news in the EU will be a bit more interesting is the data on industrial production in Germany in January, it is assumed that the output lame increased by 0.7% m / m and 3.9% y / y after -0.6% m / m, 2.6% y / y in December. This is a positive euro for expectation main driver of today but may become labor market indicators States, changes for the better can return more than expected euro under pressure Sales.
The Bank of England left its key interest rate and bond-buying program aimed at stimulating lame the economy unchanged at its meeting culminating Thursday. The news had no effect on the positions of sterling - the market only slightly, to order, held small fluctuations pair GBP / USD. However, on the day sterling appreciated that can probably be attributed to the growth of the general optimism and risk appetite, especially now that the British currency lame is among the most lucrative majors. News on the housing market "islands", also published yesterday, showed continued growth in prices - the house price index from Halifax in February rose by 2.4% m / m and 7.9% y / y after 1.2% m / m, 7.3% y / y . This trend has long been concerned about the market, because indicates the possible occurrence of a bubble in the "islands". But, at the same time, support the popularity of the "cable" because could eventually lame become one of the reasons for a rate hike in the "Isles". Today, lame statistics and politics is nothing lame interesting to Britain do not plan to publish. Pound is traded under the influence of expectations, and then the results of the report on the situation on the labor market in the United States.
The Japanese currency fell again solidly against the dollar and other majors. Yen a boost was given a message of intent Japanese authorities to diversify the investment portfolio of the pension fund, which led to the likelihood of share purchases, and with this growth and risk appetite. Next, set up against the yen - were stronger than forecast data on applications for unemployment benefits lame in the U.S. and information, lame and to strengthen the view that the ECB has no plans to decrease the key interest rates. Today we have published indexes of coincident and leading economic indicators for January, the results reflected lame growth to 112.2 from 111.7 and 114.8 to 112.3, lame respectively. These statistics lame usually does not affect the

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