In the middle of the week EUR/USD is traded without any special initiatives on the Forex market. There are no catalysts to move up, as well as there are no reasons to go down.
Investors have played back the statistics published yesterday right away. According to data announced by Conference Board on Tuesday, index of consumer trust in USA in July has dropped once again to 50,4 from the previous 54,3 value (was 52,9 before the revision).
It means that trust of consumers got to the 5-months minimum: in February index’s value was 46,4.
Today market expects data about the levels of orders for durables: according to the forecasts the number of orders dropped in June by 1%, in May by 0,6%. The orders nonregistering the transportation meanwhile should grow by 0,4% against May’s level of +1,6%.
Opinions about the further direction of EUR/USD trend on Forex are different at the moment. First half of the players think that as currency pair managed to stay at 1.30+ level for a couple sessions, the prognosis will be optimistic, especially considering that interest of the “Bulls” for Euro stays around 1,3156. Second half of investors think that EUR/USD is overheated already, and its roll-back by more than 10% from June’s minimums will be enough.
Leading world banks in last 2 weeks one by one have announced the decision to revise their forecasts for Euro rate towards growth. It should be noted that Euro doesn’t grow because of the fact that Eurozone’s state is fine – it is not true. EUR gets stronger because US economy slows down, that’s it. World economy is far from getting stable.
Investors have played back the statistics published yesterday right away. According to data announced by Conference Board on Tuesday, index of consumer trust in USA in July has dropped once again to 50,4 from the previous 54,3 value (was 52,9 before the revision).
It means that trust of consumers got to the 5-months minimum: in February index’s value was 46,4.
Today market expects data about the levels of orders for durables: according to the forecasts the number of orders dropped in June by 1%, in May by 0,6%. The orders nonregistering the transportation meanwhile should grow by 0,4% against May’s level of +1,6%.
Opinions about the further direction of EUR/USD trend on Forex are different at the moment. First half of the players think that as currency pair managed to stay at 1.30+ level for a couple sessions, the prognosis will be optimistic, especially considering that interest of the “Bulls” for Euro stays around 1,3156. Second half of investors think that EUR/USD is overheated already, and its roll-back by more than 10% from June’s minimums will be enough.
Leading world banks in last 2 weeks one by one have announced the decision to revise their forecasts for Euro rate towards growth. It should be noted that Euro doesn’t grow because of the fact that Eurozone’s state is fine – it is not true. EUR gets stronger because US economy slows down, that’s it. World economy is far from getting stable.
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