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Forex · News · Forex Forecasts

NEWS / Forex Forecasts

Market’s daily review

19:52 01/30/2006

The American currency finished the week session positively.

At Friday tenders a dollar exchange rate proceeded its strengthening after the publication of the data about lower level of jobless claims, and also about rather high value of durable orders index in the USA.

 

The American currency rate has also been supported by the expectations of the US interest rates increase eon 0.25% next week and in March of this year.

 

The dollar growth was promoted by the US new home sales data for December, and published on Friday, which have been higher than it was expected.

 

The new home sales in the USA made 1269000 for December, at the forecast 1240000.

The previous value has been revised from 1245000 to 1233000.

The US economy has shown lower rates of growth for the 4 quarter than predicted, as consumer expenses were minimum since 2002.

As the US Department of Commerce informed gross domestic product of the USA rose on 1.1 % for the fourth quarter in comparison with the fourth quarter of 2004 whereas economists expected gross domestic product growth to make up 2.6 %.

 

As ECB informed Eurozone’s money supply ?3 raised 7.3 % y/y in December that is below November indicator of 7.6 %.

Economists supposed growth of7.5 %. The average indicator of annual growth made 7.6 % for three months from October till December against 8.0 % from September till November.

ECB informed on that the annual growth of monetary supply ?1, which reflects the movement of cash and deposits for the term till the beginning of next working day, made 11.3 % in December against 10.4 % in November.

 

According to the published data of research company GfK, in January consumers’ optimism in Germany grew up to a 8-month's maximum, owing to a joyful foretaste of the world football championship, which takes place in Germany, and also to growing confidence to Angela Merkel’s government.

The confidence index of GfK rose to 4.6 in January against the revised December value of 4.0.

The business optimism index in Italy made 92.7 for January, at the forecast 91.1.

The previous value of the given index has been revised from 91.1 up to 91.2.

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