EURUSD continued the downward movement as the dollar remains supported by good data in the past week in the US. After that statement, the Federal Reserve last week, speculation about a recent increase in interest rates increased. Today we expect important data from the United States, and the forecasts are for an increase in gross domestic product, as well as sales of new homes, which may further support the national currency. Today important data from Europe we only have GDP of France, which will have a limited impact on the couple, but intensified speculation about new quantitative easing by the European Central Bank to weaken the single currency.
GBPUSD pair is moving in the range, it is possible to see a weakening of the pound, if expectations to maintain previous levels of UK GDP is not justified. The dollar remains supported by better data and expectations that GDP will rise today. Today is expected to increase the volatility due to rich news session.
US indexes are expected to continue longovite movements due to strong economic data in the country, as well as expectations for today. Better estimates of GDP will further stimulate the upward movements. Rising oil prices also had a positive influence on the value of the US indices. Dow Jones last week made its biggest weekly growth in a year, and the soft tone of the Fed, the price of the ruble and oil prices support the continuation of the upward movements.
European indexes are likely to follow the movements of the US and will continue to increase in value. Today’s GDP data for the US, Canada, France and the UK will influence their price and can stimulate further growth. Historically Christmas rally is positive indices for the last 36 years and 28 of them were positive for the shares.