EURUSD After the adjustment made because the weaker Retail Sales data for the US, the pair is likely to continue its downward movement supported by the serious crisis in Greece and expectations anti-European party to win the upcoming elections, as if this happens it is likely the country out of the Eurozone. Also expected quantitative easing by the European Central Bank to make us believe that the trend is still Short.
GBPUSD weaker data from the UK to the level of inflation on Monday, indicating that there is still the country’s economy is not stable support weakening national currency. While in the United States are preparing for an increase in the base rate, which analysts say will happen in July in favor of the dollar. Today, the price balance in the UK showed 11% relative to expected 10%, but the data is weaker than the previous 13%.
US indexes probably will again make the correction due to weak data on retail sales in the US and lower oil price, which negatively affects the energy stocks. Today the US is expected news on aid applications from unemployed people who are expected to decline by 2000, to 292 000 to 294K for the last period and the index of producer prices (PPI), which is expected to fall to -0.4% compared to -0.2% for the previous reporting period. If the forecasts come true is likely to see a new Short in US indices.
European indexes then there must will increase over today’s session due to yesterday’s increase in oil prices, which reached $ 48 to $ 45 the previous day. However, the crisis due to speculation that Greece could leave the euro zone does not subside, and this reduces investor confidence. The European Central Bank, however, are preparing for new incentives through the purchase of government bonds, which has the advantage of indexes.