Daily reviews

Preliminary Purchasing Managers Index (PMI) in Germany surpassed forecasts, but the euro / U.S. dollar was unable to regain the ground lost after the very weak French data. After the release of the German PMI, the euro / dollar rose from 1.3745 to 1.3755 area and is now trading at …

USD has all chances to receive support
 

Expectationsrelated to the fact that in December the Fed will not start stimulus reduction slightly declined. In our opinion, the assurances of some experts that the statistics from the United States, which came out last week are insufficient for the decision on …

USD / JPY was trading steadily at the session on Tuesday as investors continue to speculate about the possible time when stimulus reduction program of bond purchases will be started by the Federal Reserve. New food for these arguments gave an employment data in the U.S. ( job growth in …

After a fairlyslow session in the United States where Fed’s representatives Bullard, Lacker and Fisher have expressed a tendency to begin stimulus reduction earlier, it was a bit surprising to see the weakening of the U.S. dollar during the Asian session on Tuesday. USD / JPY was under slight pressure …

Strong report on employment in US that was published on Friday, again put a Japanese Yen under pressure. Seasonal and fundamental factors are directed against Japanese currency, and that’s why we expect its further weakening. As of now currency pair USD/JPY is traded at 103.05 near the last week’s maximum …

On Thursday on a trading session US dollar is traded in a narrow range against other main currencies, because investors expect publication of data on the employment market in US on Friday. This data can make the beginning of the reduction of the purchase of government bonds closer that is …

US dollar has a good potential for growth

Yesterday’s data on employment from ADP that comes out before the data on employment in a non-agricultural sector of the US economy came out much better than it was predicted 215 000 against 173 000. This is a good signal that the main data …

In expectation of US unemployment data

Forex is being consolidated after the strong statistical data from USA which was published yesterday. Index of business conditions NAPM New York came out on the level 608.5 points against previous value of 598.7 points. This data produced a negative influence on the Stock …

Swiss National Bank will keep its current monetary policy on a meeting planned for December 12, due to continuing economic, tax, budget and monetary uncertainty in Eurosone. Swiss National Bank keeps the lowest rate for EUR/CHF at the level 1.20 and the range for 3 month Labor rate at 0.0% …

Pair USD/JPY is being traded with the decrease in European session, reaching the new maximum in six month on the 103.38 mark on Tuesday during the Asian trading session. On the market it’s being said about big short orders, related to options, on the levels of 103.5, 103.75 and 104.00. …