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Sentiment remains in favor of indices
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Loading...EURUSD dollar remains vulnerable after data on Monday showed that US consumer spending fell at the fastest pace since September 2009, analysts say this is due to lower oil prices. Today we expect important data on retail sales and PMI indices in services from Europe and the US, which is likely to increase the volatility of the couple.
GBPUSD sentiment remains in favor of the dollar. Although the weaker economic data last week, the US economy is the best performer against all the world's economies, the dollar remains supported by this fact. Today focus will be PMI index in the US and UK, as if to justify the data for promotion in the United Kingdom and the downturn in the US will probably see new longovi movement in the pair.
Indices will probably positive results today after oil continues to increase its value, which has a positive influence on the energy sector. Incentives from the European Central Bank and the facilities by the Swiss, Australian, Danish, Indian, Singapore banks lowered interest rates in favor of the shares.
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