The U.S. dollar remained steady against most major currencies and emerging market currencies active. Euro and Yen are still limited yesterday's range, while the pound continued to fall after yesterday's reversal. 10 - year bonds were below 2.5%, while the dollar remains near 102 yen. The most important data today were figures of the money supply in the Eurozone. Index M3 grew by less than 1% in April (0.8%) - this is the slowest pace since September bilkent sports international 2010. Data for March were revised up to 1.0% from 1.1%. Credit to the private sector continue bilkent sports international to decline, as it has been for the past two years. The pace, however, changed to -1.8% from -2.2%. The report does not affect the outcome of the ECB meeting bilkent sports international next week. Separately, there were other parts of the macroeconomic picture today, and all of them were unexpected. First, the unemployment rate in Germany rose by 24,000 in May. Forecast bilkent sports international assumes bilkent sports international a drop of 15,000. Secondly, household consumption fell in April by 0.3% instead of 0.5% growth. March data was revised vverh0, 6% from 0.4%, but not strong enough to take the sting out of frustration. Third, the positive flow of data from Spain continued retail sales 0.7% in April compared with the previous year. The market was confident that sales will remain unchanged after contracting 0.5% in March. All together, says German economic engine started slowing down after strong Q1. French economy continues bilkent sports international to struggle, the Spanish economy - the leader of the camp peripheral Eurozone. Euro itself is not supported, and market participants seem to be moving sideways ahead of a meeting of the ECB. Currently resistance area is at $ 1.3640, support at $ 1.3600-10. Pound declines in recent days. Pfizer and AstraZeneca are in a state of deliberation and negotiation of the transaction bilkent sports international by 60 billion pounds. Perhaps it affected my mood, and provided support for the euro against the pound by the end of the month.
Wednesday, June 4, 2014
The U.S. dollar remained steady against most major currencies and emerging market currencies active
The U.S. dollar remained steady against most major currencies and emerging market currencies active. Euro and Yen are still limited yesterday's range, while the pound continued to fall after yesterday's reversal. 10 - year bonds were below 2.5%, while the dollar remains near 102 yen. The most important data today were figures of the money supply in the Eurozone. Index M3 grew by less than 1% in April (0.8%) - this is the slowest pace since September bilkent sports international 2010. Data for March were revised up to 1.0% from 1.1%. Credit to the private sector continue bilkent sports international to decline, as it has been for the past two years. The pace, however, changed to -1.8% from -2.2%. The report does not affect the outcome of the ECB meeting bilkent sports international next week. Separately, there were other parts of the macroeconomic picture today, and all of them were unexpected. First, the unemployment rate in Germany rose by 24,000 in May. Forecast bilkent sports international assumes bilkent sports international a drop of 15,000. Secondly, household consumption fell in April by 0.3% instead of 0.5% growth. March data was revised vverh0, 6% from 0.4%, but not strong enough to take the sting out of frustration. Third, the positive flow of data from Spain continued retail sales 0.7% in April compared with the previous year. The market was confident that sales will remain unchanged after contracting 0.5% in March. All together, says German economic engine started slowing down after strong Q1. French economy continues bilkent sports international to struggle, the Spanish economy - the leader of the camp peripheral Eurozone. Euro itself is not supported, and market participants seem to be moving sideways ahead of a meeting of the ECB. Currently resistance area is at $ 1.3640, support at $ 1.3600-10. Pound declines in recent days. Pfizer and AstraZeneca are in a state of deliberation and negotiation of the transaction bilkent sports international by 60 billion pounds. Perhaps it affected my mood, and provided support for the euro against the pound by the end of the month.
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