Russian English German Italian Spanish Portuguese Chinese French Japanese Korean
NEWS DIRECTORY FORUM FINANCIAL FORECASTING FOREX GUIDE
Members access
Email:
Password:
home based business opportunity

Sign up now.
Forgot password?

Choose Category
 Forex Forecasts
 USMarket
   
   INFORMATION
 About
 Business support
 Feedback
 Forex informers
 Easy Forex
 Glossary
 Forex Market
 Forex Brokers
 Forex Trading

Customer quotes
[an error occurred while processing this directive]
D

Contact

  Email: click here
  Tel: +1 312 2390929

Forex · News · Forex Forecasts

NEWS / Forex Forecasts

Market’s daily review

19:06 11/02/2006

Yesterday's statistics did not help the dollar to restore recent losses of the end of the last week and the beginning of present one.

So, ISM index in the USA in October fell to 51.2, having been below economists’ forecasts of52.5, meanwhile, as in September the index made 52.9.

As a result, weakness of the indicator, being below a predicted level, put pressure upon a rate of the American currency.

Other components of the report also were below forecasts. We remind that subindex of the paid prices decreased to 47.0 from 61.0 a month earlier, that is connected with falling of gas prices.

Subindex of new orders also showed reduction - in October its value made 52.1 against 54.2 in September. Thus subindex of export orders grew up to 57.8 from 55.3. And subindex of production dropped from 56.1 in September up to 51.9.

 

Analysts noted that subindex of export orders grew 57.8 from 55.3. And subindex of employment was up to 50.8 from 49.4, that increases positive expectations of employment rise in data of Friday US labor market survey.

Last parameter gives the basis to assume that this review, being one of key releases of week, will show good payrolls’ figures.

 

One more significant indicator, published yesterday, also did not please participants of the market. So, construction spending index in the USA made -0.3 % for September, at the forecast of 0.0 %. And the previous value was revised from +0.3 % up to 0.0 %.

 

The yen rate is under pressure owing to recent statements of Bank of Japan executive Fukui. Fukui noted once again that there will not be hike of a level of interest rates in Japan, the given process will be slow and gradual.

 

The publication of last data on economy of a zone of euro, and as a whole Europe (12), continue to support a rate of euro and other European currencies.

Let's remind that ISM index in Germany made 58.2 for October, at the forecast 58.6, and the previous value 58.4. Thus unemployment in Germany, except for seasonal fluctuations, decreased from 10.1 % in September to 9.8 % in October..

However, change of number of jobless in Germany for October, adjusted for seasonal fluctuations made -67 thousand, at the forecast -19 thousand, and the previous value -17 thousand.

ISM index in France made 56.3 for October, at the previous value 56.0. And ISM index in Italy made 56.2 for October, at the forecast 54.7, and the previous value 54.8.

 

And ISM index in Europe (12) made 57.0 for October, at the forecast 56.8, and the previous value 56.6.

 

Today at 12:45 GMT there will be the publication of results of meeting of ECB Governing Council concerning change of interest rates in Europe (12). Overwhelming majority of analysts expect that the level of interest rates remains constant.

The players’ attention will be focused on press conference by results of meeting of ECB Governing Council, which is planned at 13:30 GMT. Participants of the market hope that statements of ECB Governing Council members will help to clear up a situation concerning ECB further steps.

 

Special interest is caused statements of ECB President Trichet, which will be made at today's press conference after the meeting.
* Printer-Friendly Version * Send This Page * Add to Favorites * Comments
Prev All News Category News Next

World Time
Calendar
 November, 2006
Sun Mon Tue Wed Thu Fri Sat
      01 02 03 04
05 06 07 08 09 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    
ADV
Forex NewsAdvertise
Resource
Forex Forex Guide
Forex Analysis Forex News
Forex Broker Foreign Exchange
Forex Directory Russian Forex
World Market
Market Snapshot
Stock Quotes

19/12 21.15
TickerBidAsk
USD/CHF1.15601.1562
GBP/USD1.99541.9956
USD/JPY113.4100113.4300
EUR/USD1.43521.4354
AUD/USD0.85770.8581
USD/CAD1.00521.0056
EUR/GBP0.71920.7194
EUR/CHF1.65951.6599
EUR/JPY162.7900162.8300
GBP/JPY226.3000226.3600
GBP/CHF2.30702.3080
Forex â êðàñíîäàðå
Forex â êðàñíîäàðå
Major world indices

| Forex Trading | Business catalog | China Real Estate | Forex Broker | Forex Market | Forex Forum | Investing resources |
© Copyright 1998-2006 OpenForex.com - forex trading, brokers, financial forecast