22.07.2014 - China's economy shows positive results

The price of euro remained virtually unchanged yesterday due to lack of important macro and tense geopolitical situation, which was caused by the start of ground operation in Gaza by the Israeli army, which resulted in a large number of victims, as well as the concerns of the international community regarding the downed over Ukraine Malaysian airliner, which killed 298 people. Today, the dynamics of trade can be affected by the data on the consumer price index in the U.S. (12:30 GMT) and home sales on the secondary market (14:00 GMT). Today, also may be decided on additional sanctions against Russia, which will have a negative impact on the economy of the Eurozone. We maintain a medium-term negative outlook for the euro with the t

June 9, 2014 of EUR-USD Performance

The price of the British pound declined yesterday amid falling house prices in the UK due to an increase in supply in the market. In addition, the Bank of England previously adopted measures that contribute to improvement of quality of borrowers to avoid defaults on mortgages and save the country from a new crisis in the housing market. Dynamics of trading today will depend on the data on production orders (10:00 GMT). Upside potential of the British pound fell, but despite this, we maintain a positive outlook with the medium-term targets at 1.72

Liquidity of the Japanese yen yesterday was quite low due to the official holiday in Japan. Despite this, the currency has strengthened due to the news on the beginning of the ground operation in Gaza. The amplitude of price fluctuation of the yen has been steadily decreasing and we expect increased volatility in the near future. Geopolitical tensions in the world support the price of the Japanese currency, but the tightening of monetary policy in the U.S. and forecast on new incentives from the Bank of Japan, which can be launched in October-November contribute to the devaluation of the yen. Today we should pay attention to data on consumer confidence in Japan (04:30 GMT). We maintain our neg

Japanese Forcast

The price of the Australian dollar yesterday after trying to increase started to correct, despite the improvement in commodity prices in the world. Factor that contributes to the fall of the Australian currency is the deterioration of the housing market in China. Despite this, the market is now supported by the news about the growth of leading economic indicators in China to 1.3% in June, compared to 0.7% in May. We maintain a medium-term negative outlook for the Austr

The New Zealand dollar is moving again in within the side channel and today declined following the Australian currency. The central event of the week will be a statement of the Reserve Bank of New Zealand on monetary policy tomorrow night. The last time interest rates of the Reserve Bank of New Zealand have been raised, which resulted in growth of quotations of currency. Also tomorrow, will be released the data on the trade balance of the country. We expect the new sign

May 5, 2015 of NZD-USD Performance

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