The market sentiment

EUR / USD sentiment is in favor of the euro in the short term yesterday after data applications for jobless benefits and sales of new homes in the US saw disappointing results. In the long term, sentiment for the pair remains bearish due to expectations of an increase in interest rates in the US and ongoing quantitative easing in the Eurozone.

AUD / USD pair remains bearish sentiment, amid weak data from the US yesterday. Expectations of a decrease in interest rates next month in Australia left Australian dollar under pressure, and yesterday PMI index in China fell less data, which is in favor of declines.

European indices today will probably open with an increase after yesterday closed in the negative zone. US indices grew in the Asian session, after some companies reported positive results and the price of oil rises, which is in favor of energy stocks. In today's important data we expect from Germany where we expect IFO business climate index, current conditions and business expectations. Later, the US will see data on orders for durable goods, as well as the statement of the nest of Canada.

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