Category Archives: Analysis
4:05 pm
EUR/USD is traded down on second part of Friday on Forex, however there are no serious sales of Euro.
Main traders’ attention is drawn to US statistics: US GDP has grown by 3,2% in fourth quarter of 2010 (growth by 3,5% was forecasted); in third quarter it grew by 2,6%. This is a preliminary info.
Moreover, PCE Core Index (Personal Consumption Expenditures, Excluding Food & Energy), which is observed very closely by US FRS, has grown by 0,4% in October-December, which met market exp…
6:24 pm
EUR/USD is traded around opening levels on second part of Thursday on Forex.
Day’s statistics from Eurozone expected by investors appeared to be weak: summary index of business and consumer confidence has decreased to 106,5 points in January in comparison to expected growth to 106,7 points. December’s index meanwhile was at its 3 years’ maximum.
It is obvious that process of return of trust to Eurozone is going very slowly, however it is going on.
Let us note that Germany remains…
6:21 pm
British Pound’s rate has recovered after previous failure on Forex, which has been caused by negative data about Britain’s GDP released earlier this week.
Let us remind that Britain’s GDP dropped by 0,5% per quarter in fourth quarter of 2010, while analysts expected it to grow by 0,5%. Main reason of the failure was bad weather which caused the decrease of shopping activity.
British Pound has reacted to the weak statistics with decrease by 2 figures, however it shows recovery now eve…
6:17 pm
New Zealand dollar paired with USD has slowed down on Thursday on Forex. The reason to do so was negative news from Japan: country’s rating was decreased today to AA level by S&P agency.
NZ Reserve Bank’s meeting finished yesterday: a decision to keep interest rate at 3,0% per annum was made.
The decision met expectations; however Bank’s governor, Mr. Bollard, had noted in his comments that Bank planned to increase the rate in next two years. Moreover, interest rate would improve…
5:38 am
Tuesday didn’t become the best day for Pound: its rate had dropped by 2 figures after publication of statistics in the middle of the day.
British GDP had decreased by 0,5% per quarter in comparison to expected growth by 0,5% per quarter in fourth quarter of 2010. British GDP in fourth quarter was 1,7%, while 2,6% was forecasted. Let us remind that in third quarter British GDP had grown by 0,7% per quarter (+2,7% per annum).
According to preliminary estimate, bad weather in autumn and win…
5:26 am
EUR/USD was traded down on Forex on second part of Tuesday, as investors’ euphoria calmed down. They became worried about Eurozone’s debt problems again. Euro, however, managed to improve its positions after publication of Index of
Consumer Trust in States, which appeared to be on its 8 months’ maximum.
According to investors’ opinion, Eurozone will need to apply certain efforts to overcome debt problems of peripheral countries. It is a bit strange that this topic have arisen after …
4:34 pm
EUR/USD is traded up on second part of Friday on Forex, continuing the growing trend.
Day statistics for Eurozone countries appeared to be positive. For example, Business Confidence Index in Germany has grown to 110,3 in January from the forecasted 109,9 points, while in France it has improved its positions to 108 points from the previous 102.
It should be noted that in Germany Index has reached its 20-years maximum, while analysts didn’t expect any changes. According to the last statist…
4:32 pm
British Pound’s rate had started correction on Thursday on Forex after nine days of stable growth and approaching to 3-months maximums, but in the middle of Thursday it got back to the positive side, as British economy remained stable and outer background – positive.
It became known on Thursday that according to CBI’s quarter report the level of business optimism in Britain had grown by 7% in January from the previous level of 2% in October. Moreover, average prices for manufacturing in…
4:14 pm
AUD’s rate was correcting for a few days and got back to the decreasing trend on Thursday.
In general Australian Dollar’s weakness is caused mostly by the inner factors. First of all flood in Queensland will “take” about 1% of country’s GDP (first quarter of the year). Secondly, Reserve Bank of Australia will need to support local economy’s recovery, as this recent act of God can become the major one in the country’s history for the size of damage.
In the light of all that, it is…
4:15 pm
EUR/USD was traded up on second part of Thursday on Forex; investors were waiting for the varied statistics from States.
In general Euro was successfully corrected and got back to the level of 1,35; if the currency can make it better, it is possible that pair will keep growing.
Thursday’s statistics from Germany appeared to be positive and supported Euro: for example PPI (Producer Price Index) had grown by 0,7% per month in December in Germany, while analysts had forecasted 0,5% growth …