EURUSD Continued downward movement before unemployment data in the US today. The dollar remains supported by better data in the US for applications for the unemployed and the weaker of Europe's economic and industrial confidence, and the speech of Mario Draghi, the European Central Bank prepares for quantitative easing by buying government bonds set investors to continue the bearish trend of the pair.
GBPUSD sentiment of the couple remains in favor of the dollar against the backdrop of expected early increase in US interest rates and statement of Evans, who noted that "the increase will improve the level of inflation" show the willingness of the Fed to act. Today the UK we expect data on industrial production, trade balance and forecast NIESR GDP, and if they are better able to see a correction in the coming days.
US indices seem follow the price of oil, which in the last two days appreciated but it affects positively and energy shares. Data yesterday showed a decline in applications for unemployment benefits from 4 000 to 294 000 to 298 000 during the last reporting period, while investors are waiting for today's release is the level of unemployment, which analysts say will provide important direction for future action by the Fed.
European indices continued their upward movement after President of the European Central Bank Mario Draghi announced that the ECB is ready to begin operation buy government bonds, called "quantitative easing" The increase in oil prices also had a positive impact on the values of European indexes, and today are expected data on industrial and industrial production in Germany and France.
Varchev Finance
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.