www.varchev.com

Sentiment remains in favor of the USD and indices

EURUSD is possible corrective movement, then continuing shortovoto movement. The dollar remains supported by better data on gross domestic product of the United States last week and speculation that the increase in interest rates is getting closer. Against this background in Europe are preparing for a new quantitative easing, and the crisis of the presidential election in Greece have a negative impact on the overall situation in the euro area.

GBPUSD sentiment of the couple shorts due to better US data on gross domestic product last week and weaker than Britain. You may see a correction due to profit taking after which new Short. In today have no important news, it is possible less volatility in the market.

US indices started to fall slightly today after strong US data last week and good levels, which closed in Friday’s session. It is possible to see profit taking as Dow scored highest levels last week. It can give us good opportunities to seek long positions in corrections. According to analysts, the end of the Christmas Rally indices will continue to rise and is forecast to levels above 18,100 Dow at the end of the year.

In European indexes sentiment remains long and follow the movements of the US. Greek crisis could have a negative impact on the overall economy in Europe, and this can lead to a slight correction. Expectations for quantitative easing by the European Central Bank, however, have a positive impact on the index. In today have no important data from Europe, the attention of investors will be focused entirely in the vote for president of Greece, where if you do not reach consensus will be necessary to conduct new elections. This week we have data on inflation in Spain and PMI index in the euro zone and Germany, which are likely to affect the movement of European 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