Market sentiment

EUR / USD The pair remains negative trend yesterday after data from Europe showed disappointing results. ZEW index registered a decrease to 41.9 points, compared to expectations of 49.0, while the trade balance fell to 19.7mlrd. against expectations for 22.0. By the European Central Bank announced it would continue the program for the purchase of assets and the agreement between the Greek government and European lenders still not been reached, further pressure on the single currency.

GBP / USD sentiment remains in favor of the dollar yesterday after data on the consumer price index in the UK recorded negative values, which means that the country is in deflation. US does, better data on building permits and expectations of an increase in interest rates supported the greenback. Today markets are awaiting the minutes of the meetings of the BoE and FED, as will probably see an increase in volatility in the pair.

European indices likely to follow the US and will open with an increase today, supported by speculation that the ECB will continue with quantitative easing. Oil prices rose in Asian session, which is likely to impact positively on energy stocks. Japan reported growth of 0.6% compared to the expectation of 0.4%. Today, investors will turn their attention to the minutes of the meetings of the BoE in 11:30 and the Federal Reserve at 21:00 and will be looking for signals about the future of US interest rates.

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