|
 |
Forex · News · Forex ForecastsNEWS / Forex Forecasts |
|
|
|
|
|
|
|
Forex market equilibrium…Rate dynamics and recommendations on USD-CHF and USD-CAD.
|
|
07:43 05/21/2004
|
|
Forex market equilibrium…Rate dynamics and recommendations on USD-CHF and USD-CAD.
The Philadelphia Federal Reserve’s measure of industrial activity fell to 23,8 in May from 32,5 in April. The index is calculated by means of surveying regional industrial sector managers. Index value higher than zero indicates industrial activity growth, index value lower than zero indicated industrial activity reduction. In May, the Philadelphia index had come out higher than zero for the twelfth straight month, thus pointing at continuing activity growth in the sector. However, growth rates were lower than those in the previous months. The highest index value in the last 20 years was recorded in January, when the index made up 38,8. May value of the index had come out below economists forecasts. The U.S. Department of Trade reported said 345000 people filed new claims for state unemployment benefits in the week ended May 15 compared with a revised 333000. The number of initial claims rose for the second straight week.
However, negative economic data on the dollar was counter-balanced by FRS rate hike rumors that appeared after Ben Bernanke’s speech. CHF stabilized within tight 1,39 – 1,27 corridor. It is likely that the price will stay within the indicated currency corridor tomorrow, as no important news are expected.
Recommendations: Stay out of the market so far.
Recommendations: Stay out of the market so far.
The forecast was created by trans1.
|
|
 Printer-Friendly Version
 Send This Page
 Add to Favorites
 Comments
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
