Евро притормозила свой рост.

By | 13.06.2008
Евро притормозила свой рост.

As we expected in yesterday’s survey, released better than expected IFO report allowed the Euro to update and test the highs of 1.3300. Further strength is not enough. And the data on the laying of new homes in the U.S. slightly decreased risk appetite.

Today, the Bank of Japan held its first meeting on monetary policy after the recent parliamentary elections. The market reaction is very mixed. Although a decision on additional measures of quantitative easing were announced, the attempt of further weakening of yen has encountered profit fixation.

Further weakening of yen is possible after consolidation.

Although there are many economic statistics today, the market may largely ignore the не меньше. In anticipation of holidays на данный момент activity of players falls. There is a chance of improving retail sales in the UK, in this case GBP will try to update yesterday’s highs. Large block of data will be released in the US – the final figures for GDP for the 3rd quarter, sales of existing homes and business activities of the Federal Reserve Bank of Philadelphia.

No shocks are expected, the reports are expected to be moderately positive. Given the current mood of the market, it will support the demand for risky assets, in which case the interest in buying the stock market and dollar sales will continue.

Trading tactics:

Yesterday we opened the position to sell EURUSD from 1.3300. Stop set to the entry point. Pullback from the highs is moderate, which gives no reason to expect a reversal of the market, although the closing of the day inspires certain optimism.

Nearest support below at 1.3140 — 1.3150. Technical indicators for short-term charts don’t look overbought. So, if in the nearest future the dollar is not able to develop a more substantial correction, the pressure on it will resume. It’s a limit situation.

In case of closure of our position on stop, we have no plans to open new ones in these holiday days.

Thursday, 20.12.2012:

01:45

NZD

GDP Production

Q3

0.6 % q/q

0.4 % q/q

04:30

AUD

RBA Bulletin

07:00

JP

BoJ meeting announcement

0.00-0.10%

0.00-0.10%

11:00

CH

Trade Balance

Nov

2821.00 mln

11:00

GER

Import prices

Nov

-0.6 % m/m, 1.5 % y/y

-0.3 % m/m, 0.9 % y/y

11:00

GER

PPI

Nov

0.0 % m/m, 1.5 % y/y

-0.2 % m/m, 1.4 % y/y

13:30

GBR

Retail sales

Nov

-0.8 % m/m, 0.6 % y/y

0.3 % m/m, 1.5 % y/y

17:30

CAD

Retail sales Core

Oct

0.0 % m/m

17:30

CAD

Retail sales

Oct

0.1 % m/m

17:30

США

Initial jobless claims

343 k

357 k

17:30

США

GDP — не сильный Estimate

Q3

2.7 %

2.8 %

17:30

США

GDP Deflator — Third Estimate

Q3

2.8 %

2.8 %

17:30

США

PCE Prices — Third Estimate

Q3

1.6 %

1.6 %

17:30

США

GDP Sales — Third Estimate

Q3

1.9 %

2.0 %

19:00

США

Existing home sales

Nov

4.79 mln

4.87 mln

19:00

США

Philly Fed business index

Dec

-10.7

-1.3

19:00

США

Leading Indicators

Nov

0.2%

0.2%

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Инфляция в еврозоне притормозила


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