www.varchev.com

sentiment remains in favor of the dollar and indexes before the minutes of the Fed

EURUSD The pair started with decreasing gap after a short Christmas session. This week, all eyes will be focused on the minutes of the meeting of the Federal Reserve in the US, where we are looking for signals on the direction of future policy of the central bank. The dollar remains supported by better data in the US. Negative impact on the euro have speculation about future quantitative easing by the European Central Bank, which will consist in the purchase of government bonds and the political crisis in Greece, where new forthcoming parliamentary elections. Polls show that the likely winner of which will be the opposition party.

GBPUSD As with eur / usd and here the couple started with a gap, then pounds recovered slightly in value early in the session. In today expected PMI index data in the United Kingdom, which is expected to decrease to 59.0 to 59.4 points for the previous reporting period. If the data justify possible to see new shortovi movements before the Fed meeting, which is Wednesday. Pounds lost value last week after weaker data from the UK to the strong dollar, which is supported by speculation of an early rise in interest rates by the Central Bank of the United States.

US indices started to increase after the end of last week lost values, which analysts say is due to profit taking. This week, investors will focus on data on PMI indices in the US, as well as reports from the Fed and the price of oil continues to fall, which will affect the energy sector.

European indexes are expected to start with a decrease in the present day due to the political crisis in Greece and in the upcoming months elections. Against this background, however, the European Central Bank are preparing for new incentives that can support upward movements of the indices.

Varchev Finance


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance