Sentiment in the market

EUR / USD pair will probably continue its downward motion. Program of quantitative easing in Europe began, and this puts pressure on the single currency. On the other hand intensified speculation that US interest rates will be increased in the coming months, due to better economic performance in the country. Today we expect important inflation data from Europe as well as retail sales and applications for jobless benefits in the USA.

GBP / USD sentiment remains in favor of the dollar, as in Britain today expected results on the trade balance, and the expectations for promotion may lead to an increase in pounds. Dollar remains supported by expected increases in interest rates in the coming months, and now applications for unemployment benefits could lead to sharp movements in crosses of the greenback.

Indices are likely to continue their corrective movements amid quantitative easing by the European Central Bank and expectations for increases in US interest rates, which put pressure on the shares. Oil prices also fell, which weakens the energy sector. In today's session we expect data on industrial production in the Eurozone and aid applications and retail sales from the US. Effects are likely to have the results of inflation in Spain, France and Germany.

Varchev Finance