The single currency is trying to strengthen its position
Emerged among market participants that the ECB again buys bonds, gave impetus to the single currency. Pair euro dollar during trading touched the mark of $ 1.4474. Nonetheless, one dealer said that the euro above $ 1.4470 dollar observed strong interest in selling a pair of semi official accounts that still does not permit the euro dollar break above. In the case of testing a specified level, the pair is able to develop upward momentum until $ 1.4485 euro dollar. Stops are located on the breakthrough. To date, the euro dollar corrected its maximum on the European session. The pair is traded at the level $ 1.4457 euro dollar.
Russian players have stimulated the strengthening Euro
Early European session is taking place very successfully for a single European currency. Shape 1.4400 EUR dollar euro dollar pair acted as a solid support and course took off in the area of 65 euro dollar 1.4470/. Dealers reported good demand for a single currency by the Russian players. At MICEX, buyers were seen from 1.4420 EUR 25/dollar. At CME interest in purchases was from 1.4445 until 1.4460 euro dollar. Currently on the top side of the large Ofer can be seen in the area of 85 euro dollar 1.4480/. More firmly defended proposals for sale shape 1.4500 euro dollar. Pound dollar risked further declines
Loss of support near $ 1.6480 pound dollar definitely not benefit British currency, dealers noted that the subsequent breakthrough support at $ 1.6420 a pound, the dollar has become a very negative signal for the bulls, who remain voiceless defence. Support for pound dollar continues to provide bids of about $ 1.6360, but attempts to rise above continue to attract a good interest in the sale, and dealers warned about the danger of further decline, drawing attention to the foot, at a breakthrough below. Their response to pave the way to $ 1.6345 and $ 1.6325/20 pound dollar, whereas in General in the near future under the threat of testing is support in the region of $ 1.6305/0000 pound dollar. Dealers noted that the further stabilization of the near $ 1.6360 pound dollar can inspire the bulls on more forcefully, but near $ 1.6385 now visible good Ofer, whereas larger accumulate in the region of $ 10 and $ 1.6400/1.6425/35 pounds to the dollar and to improve the attitude of the British currency will need to go above $ 1.6460/65 pound dollar.
Wednesday: The day in the Forex marketThe dollar consolidated its position against all its major competitors in the market correction budgeted earlier price expectations the FED Chairman's presentation of new measures to stimulate economic growth. Earlier the euro fell against the dollar and the franc field to the published data recorded decline of German business sentiment index from the Ifo Institute to a minimal level for more than a year.
An additional factor supporting the dollar was declining stock market indices and the corresponding decline in the demand for high-yield assets, in particular on commodity currencies that had previously been supported by expectations the ads programme of the third round of the FED'S quantitative easing Conference, scheduled for August 26. The yen rose on Wednesday as comments by Japanese Finance Minister Noda on the establishment of a package of $ 100 billion. to combat the rise in the national currency is not impressed by market participants. The yen also strengthened their defensive against the dollar after Noda said about the requirement for major financial institutions disclose trade positions in the foreign exchange market. The Japanese currency has risen in price even after the morning became aware that the international rating agency Moody's Investors Service downgraded Japan's credit rating.
On Thursday, Germany will provide consumer confidence by Gfk at 06:00 GMT.
In the 07:15 GMT will report on the employment of Switzerland for the second quarter.
In the 12:30 GMT will produce traditional report on the number of applications for unemployment benefits in the week on 13 August.
In the 23:50 GMT will inflation data in Japan.
On Friday, Britain will provide data on GDP for the second quarter at 08:30 GMT.
A similar report will be released in the United States 12:30 GMT.
In the 13:55 GMT release consumer confidence from Reuters/Michigan in August.
However, the most important will be the presentation by the head of the Federal Reserve Ben Bernanke.
06:00 consumer confidence Index from Germany GfK September 5.4 5.2
07:15 Switzerland employment level, M2/m2 II m2 4.11 4.11
10:00 United Kingdom Retail Sales Index according to the Confederation of British Industry, -5% -10%
12:30 United States Primary treatment for unemployment benefit week on 20 August 408K 416K
23:30 Japan National consumer price index, g/g, + 0.2%
23:30 Japan National consumer price index excluding fresh food prices, g/g, + 0.4% 0.0%
23:30 Japan consumer price index in the Tokyo region, m/m, 0.0%
23:30 Japan consumer price index in the Tokyo region, g/g, + 0.5%
23:30 Japan index of consumer prices excluding fresh food prices in the Tokyo region, g/g, + 0.4%-0.2%
23:30 Japan National consumer price index m/m,-0.1%
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