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Forex · News · Forex Forecasts

NEWS / Forex Forecasts

Market’s daily review

11:47 03/14/2006

11:47Week session began with downturn of the American currency against the majority of world currencies.

Expecting economic reports of this week, which can affect the interest rate of the USA, investors did not determine to open new positions.

The publication of reports on inflation, current account and retail sales is expected.

At the same time Friday data of the US a labor market survey keep supporting a dollar exchange rate.

The British currency, in its turn, also strengthened at tenders on Monday as data of producer price index were a little above forecasts.

As office of national statistics of Great Britain informed producer price index "at output " in the UK for February made +0.3 % for a month, +2.9 % for a year at the forecast of +0.2 % for a month.

The previous value made +0.4 % for a month, +2.9 % for a year.

The producer price index of "at output " except for the prices for food, alcohol, tobacco products and fuel, in the UK for February made +0.2 % for a month, +1.8 % for a year against January value of +0.2 % for a month, +1.6 % for a year.

The producer price index "at entrance" in Great Britain was up 15,0 % in comparison with adjusted for seasonal variations same period of the last year.

In January, according to the refined data, producer purchasing prices were up 1,7 % in comparison with the last month and up 15,0 % in comparison with the same period of the last year.

According to data of office of statistics of Great Britain, the rise in prices in the housing market of Great Britain made 4.3 % for a year.

The rise in prices made 2.9 % for a month in comparison with December, and in December the housing price was up 3.1 %.

The index of industrial production in Italy in January was down 0,3 % in monthly calculation concerning December and was up 4,1 % for a year.

The previous value of the given index made +1.2 % for a month, and +3.5 % for a year.

According to analysts’ forecasts in comparison with the last month production should remain without changes.

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