EURUSD Continued downward movement before unemployment data in the US today. The dollar remains supported by better data in the US for applications for the unemployed and the weaker of Europe’s economic and industrial confidence, and the speech of Mario Draghi, the European Central Bank prepares for quantitative easing by buying government bonds set investors to continue the bearish trend of the pair.
GBPUSD sentiment of the couple remains in favor of the dollar against the backdrop of expected early increase in US interest rates and statement of Evans, who noted that “the increase will improve the level of inflation” show the willingness of the Fed to act. Today the UK we expect data on industrial production, trade balance and forecast NIESR GDP, and if they are better able to see a correction in the coming days.
US indices seem follow the price of oil, which in the last two days appreciated but it affects positively and energy shares. Data yesterday showed a decline in applications for unemployment benefits from 4 000 to 294 000 to 298 000 during the last reporting period, while investors are waiting for today’s release is the level of unemployment, which analysts say will provide important direction for future action by the Fed.
European indices continued their upward movement after President of the European Central Bank Mario Draghi announced that the ECB is ready to begin operation buy government bonds, called “quantitative easing” The increase in oil prices also had a positive impact on the values of European indexes, and today are expected data on industrial and industrial production in Germany and France.