Results of the last trading day:
On Tuesday the rate of euro/dollar was closed by insignificant decrease, having left a shadow on a maximum 1,1348. I can't explain, than euro turn after a release of the report on inflation which has increased has been caused. Perhaps because of the rising in price oil.
When it became known that the April consumer price index in the USA left better than expectations, the rate of euro/dollar has decreased to 1,1301.
We haven't seen rally of dollar also on positive data on industrial production. The index of industrial production in the USA in April has made 0,7% in comparison with the forecast of 0,2% and the previous value of-0,9%. Also in the States the volume of construction of new houses has increased, and the dollar hasn't grown. Asian participants of the market began to work yesterday's statistical data.
Expectations of the market for today:
Today FOMC minutes will become a key event for dollar. According to the forecast I wait for the test of a zone 1,1255/60 in the first half of day with the subsequent rebound to 1,1304 after the publication of protocols.
News of the present day:
- in Great Britain there will be data on labor market: index of change of an average salary, change of number of applications for a dole, unemployment rate.
- the eurozone will publish final data on a consumer price index for April.
- Great Britain – an index of the advancing indicators from Conference Board for March.
- The USA – change of reserves of oil on May 9-15.
- The USA – FOMC minutes exit.
Technical analysis:
Intra day forecast: at least – 1,1258, at most – 1,1304, closing – 1,1304.
No comments:
Post a Comment