Fundamental review 3/12/13

Forex market traders are confused ...

Still in the financial markets is a critical factor in the idea that the Fed will pump up the financial system with liquidity. And this is really the one hand that way, but the other recent data from the U.S. labor market were much better and cause investors to seriously consider the option of an earlier phase of stimulus measures. It is this kind of ambiguous situation continues to have a direct impact on the market, causing the absence of any specific dynamics.
If the U.S. stock market continues to grow by leaps and bounds, pulling for a commodity market, the problems in the euro zone is still a negative impact on investor sentiment caused Italian political crisis and economic downturn in Europe. This picture is reflected dynamics eurodollar currency pair, which is actually the end of February at a standstill.
One can assume that this is not positive dynamics in the market will exist until such time as the market is not to determine the prospects of stimulus measures in the United States. Bernanke energetic assurances that the incentives will continue as much as necessary, and with positive statistics from the labor market will continue to mislead investors.

Statistics today:
Moscow time
13.30 UK manufacturing output in January n / a;; 0,1% m / m and 1.6% m / m
13.30 UK trade balance in January n / a; -8,8 billion pounds -8.9 billion pounds
13.30 UK industrial output in January n / a; 0,1% m / m and 1.1% m / m
16.30 U.S. NFIB small business from February n / a; 91,3; 88,9
19.00 Assessment of changes in UK NIESR GDP from December to February n / a; n / a; 0,0% / 3m
22.00 U.S. Federal budget balance in February n / a; -220,0 billion dollars, 2.9 billion

Sergei Kostenko

* Recommendations identified in the article does not serve as a basis for direct action.