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  1. #1
    Legendry Member milos's Avatar

    How does market react on the mixed economic data? !!!

    NZD
    The unemployment rate in New Zealand has increased in the second quarter to 6.4% from 6.2% in the previous quarter while analysts had expected growth of 6.3%. Employment has increased in the last quarter by 0.4% after increasing 1.7% in the previous quarter.Labor cost index remained unchanged at 0.4% while analysts had expected growth of 0.5%.
    AUD
    The number of new home loans granted in Australia rose in July to 2.7% from 1.7% the previous month while analysts had expected growth of 2.0%. Australian ASX/200 index dropped 1.9%.
    EURO ZONE
    The euro traded near the peak against the dollar during the peaceful trade while positive data on the US trade deficit declined further lower the value of the US currency. Forex pair EURUSD trades recorded during the previous peak at 1.3305 and subsequently consolidated at 1.3293. International Monetary Fund has revised it's forecast for economic growth in Germany in 2014 year to 1.4% from 1.3% and maintained it's growth forecast for this year to 0.3%. French trade balance rose in July to minus 4.4 billions euro to negative 5.7 billions euro in the previous month while analysts expected the growth to minus 5.0 billion euro.
    CHF
    Forex pair USDCHF trades recorded during the previous bottom at 0.9245 the lowest level since 30 July and subsequently consolidated at 0.9260. The pair was likely to support at 0.9230 the low of 31 July and resistance at 0.9374 the high of 1st August.
    GBP
    Consumer price inflation rose to 2.9% in June is likely to remain at round this rate in the near future. Statement of the new Governor of the Bank of England that interest rates will remain at record low level until unemployment fails to 7% from the current 7.8%. First estimates show that GDP grew by nearly 1% in the first half of the 2013 year.
    US STOCKS
    US stocks fell after Federal Reserve officials said that the US stimulus programs could begin to be finalized this year. The Dow Jones fell by 0.60 percent, the S & P 500 Index went down by 0.57%, while the Nasdaq composite index was down by 0.74%.

  2. #2
    Administrator Martin Kay's Avatar
    great info Milos!

  3. #3
    Legendry Member Michael Hodges's Avatar
    No doubt! Very global.

  4. #4
    Legendry Member milos's Avatar
    AUD
    The unemployment rate in Australia has remained unchanged in July at 5.7% while analysts had expected growth of 5.8%. Australian unemployment change fell during the last month of 10200 after rising from 9300 in the previous month. Economists had expected an increase of 5000. ASX/200 index climbed 1.1%.
    JPY
    The Bank of japan has not changed it's monetary policy which is to be expected. Japan's economy is moderately began to recovery. Consumer price index recorded upward movement an the inflation is expected to rise. Reservation of Japanese observers of the economy fell in October 2012 to 52.3 points from 53.0 in the previous month while analysts expect growth of 53.5 points. Banking loans in Japan have increased in the last quarter to 2.0% from 1.9% in the previous quarter.Analysts are betting that it will remain unchanged. Japanese current account rose in July to 0.65 trillion yen from 0.62 trillion yen in the previous month.Analysts had expected a rise of 0.73 trillion yen.
    EURO ZONE
    European stocks rose sharply after the release the positive data on the German trade balance although still present uncertainty about future Fed stimulus program. Euro Stoxx 50 rose by 0.20%. France's CAC40 climbed 0.02%,Britain's FTSE 100 rose 0.18% while German DAX 30 jumped to 0.30%. Spanish industrial production fell in July minus 1.9% from 1.5% in the previous month while analysts expected growth to minus 1.2%. German trade balance rose in July to 15.7 billions euro from 14.6 in the previous month while analysts expect growth to 14.9 billions euro.
    CHF
    The unemployment rate in Switzerland remained unchanged in July at 3.2% which was in the line with analysts' expectations.
    US STOCKS
    S&P500 dropped by 0.4% while Nasdaq composite index was down by 0.32%. Dow Jones dropped by 0.31%. The President of the Chicago Fed Charles Evans thinks that maybe in September meetings bank begin to tighten bond buying program. Other presidents of the Fed's offices in Dallas. Atlanta and Cleveland exhibited similar sentiments this week, which led to a fall in share prices. Weak economic indicators in the US that had been published in the last few weeks and continue to cause doubt as to whether the Fed will be decided in September or later maybe in December allowing action to deduce their previous losses.
    CAD
    Price index for new homes in Canada rose in June by 0.2% while analysts expected increase of o.3% after increasing 0.1% in May. The Canadian dollar strengthened against the U.S. because of the uncertain future of the Fed's monetary policy after the Publication of rising prices of new homes in Canada.Forex pair USDCAD trades recorded during the previous day at the 1.0393 bottom and subsequently consolidated at 1.0395. Pair was likely to test support at 1.0367 the low of yesterday and resistance at 1.0425 the high of yesterday.

  5. #5
    Legendry Member milos's Avatar
    AUD
    The Australian dollar rose modestly against the US dollar after the National Bank of Australia cuts interest rate. Forex pair AUDUSD rose to 0.92000. The pair was likely to find support at 0.9087 the low of Friday and resistance at 0.9287. The Australian dollar has generally strengthened against the US dollar because it was supported by Chinese economic data. Industrial production in China increased by 9.7% over the previous month while the expected increase of 9%. Inflation in China has remained unchanged at 2.7% during the last month. Analysts has expected growth of 2.8%. In relation to the euro,yen, the New Zealand and the Canadian dollar, the Australian dollar strengthened. EURAUD dropped to 1.4478.AUDJPY rose to 88.73 and AUDNZD rose to 1.1440.AUDCAD rose to 0.9495. Australian ASX200 index was higher by 1.1%.
    JPY
    Industrial production in Japan fell to July to minus 3.1% which was in line with analysts' forecasts. Japanese corporate goods price index has increased during the last month to 2.2% from 1.2% the previous month while the economists had expected growth of 1.9%. Japanese GDP grew in the last quarter to 0.6% after rising 0.9% in the previous quarter while analysts had expected an increase of 0.9%. Japan's Nikkei 225 index fell 0.7%.
    EURO ZONE
    Germany economy is likely to expand significantly in the second quarter due higher personal consumption and investment in construction but will be modest growth in the second half of the year. Publication of the preliminary data of GDP in the second quarter in Europe's largest economy is scheduled on 14th August. five weeks before parliamentary elections. Economists predicted growth of between 0.6%-1% on quarterly basis. European stocks were mixed as markets nervous about the speculation that the Fed will soon cut it's bond buying program. . Euro STOKSKS 50 rose by 0.03 percent, France's CAC 40 climbed 0.05%, while Germany's DAX 30 fell 0.57%.
    CHF
    Retail sales in Switzerland rose in July to 2.3% from 1.5% in the previous month while analysts had expected to remain unchanged at 1.8%.
    GBP
    The British pound continued to move in close to seven weekly maximum supported good economic results released on Friday. The trade deficit fell to it's lowest level in the past year while a separate report showed that construction sector activity increase for the second quarter in a row that signaled that the country's economy is recovering. London's FTSE100 was down by 0.23%.

  6. #6
    Legendry Member milos's Avatar
    Markets examines how countries with currents accounts deficits can be financed as cash value decreases while the US interest rates more attractive.In contrast,the USD was mixed against currencies.CHF,GBP and EUR are strengthened modestly against the US currency.
    Reserve Bank of Australia believes that,with the growth that it is expected to be longer remain below trend and inflation target even with the effects of a lower rate, lower rates led to a achievement of sustainable development in accordance with the demand and inflation targeting.
    Japan's industrial activity fell in July to minus 0.6% per month from 1.1% the previous month which was in line with analysts' forecasts.
    European stocks are much lower ahead of the minutes from the last Fed meeting. Euro STOXX50 fell by 1.22%. France's CAC 40 dropped by 1.19%. London's FTSE 100 fell by 0.42% while German's DAX 30 fell 0.95%. German producer price index fell in July minus 0.1% from 0.0% in the previous month while analysts had expected growth of 0.2%.
    The Swiss franc has strengthened against the US dollar as demand for the dollar under pressure ahead of the release of the minutes of the last meeting of the Federal Reserve,because uncertainty about future cash incentive program. Currency pair USDCHF trades recorded during the previous bottom at 0.91800 the lowest level since August and subsequently consolidated at 0.9202. The pair was likely to test support to 0.9209 the low of August and resistance an 0.9287 the high if yesterday. Swiss was steady against the Euro rose to 1.2325. GBPCHF fell to 1.4417 and CHFJPY jumped to 105.65. AUDCHF fell to 0.8347 and CADCHF dropped to 0.8872.
    US stocks recorded a four day decline as investors shunned riskier trading due to uncertainty about the Fed's plan to narrow the incentive program. The Dow Jones fell by 0.47 percent, the S & P 500 index dropped by 0.6%, while the Nasdaq composite index fell by 0.4%.

  7. #7
    Rookie Member Daveman's Avatar
    The markets are waiting for the next piece of economic data. It will come soon after the release of the Home Sales tomorrow and FOMC minutes soon after that. This will bring an interesting situation which could lead to market reevaluation.

  8. #8
    Legendry Member milos's Avatar
    Quote Originally Posted by Daveman View Post
    The markets are waiting for the next piece of economic data. It will come soon after the release of the Home Sales tomorrow and FOMC minutes soon after that. This will bring an interesting situation which could lead to market reevaluation.
    Hi Daveman
    We'll wait and see.

  9. #9
    Veteran Member Ammeo's Avatar
    What i have realized is many times it starts to go a little bit against the decision (like if the market is favor of USD then sometimes i see a drop in USD/JPY or a rise in EUR/USD ) and then after about 5-10 mins goes according to the decision and stays in that rally from half a day to even weeks. Thats just my observation.

  10. #10
    Legendry Member milos's Avatar
    The dollar rose against euro and forex pair dropped 1.3307. Against he yen the dollar soared. USDJPY rose to 98.65. GBPUSD dropped do 1.5575. USDCHF jumped to 0.9276. USDCAD rose to 1.0493.AUDUSD dropped to 0.8988. NZDUSD fell to 0.7809.

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