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Forex · News · Forex Forecasts

NEWS / Forex Forecasts

EURUSD, GBPUSD. Dollar keeps being under pressure.

22:13 11/09/2006

Today's positive could not change essentially a situation on the dollar.

 

The main events today: over the USA it is first of all data on trade balance:

 

Decrease in deficit of foreign trade of the USA in September dropped more strongly on a background of drop in oil prices.

Deficit of foreign trade with goods and services in September reduced 6,8 % to 64,30 billion dollars. According to the refined data, in August deficit made 68,96 billion dollars whereas earlier it was informed on that it reached 69,86 billion dollars, the US Department of Commerce informed on Thursday.

Economists expected that deficit would decrease up to 65,80 billion dollars. The volume of import from the USA in September was down 2,1 %, and its decrease was observed for the first time since February.

 

Import made 187,46 billion dollars in September against 191,57 billion dollars in August. Import of crude oil in September made 316,59 million barrels against 343,49 million barrels in August. The average price for oil barrel fell 3,60 dollars up to 62,52 dollars. The total cost of the imported oil made 19,79 billion dollars in comparison with 22,71 billion dollars in August. Volumes of export increased 0,5 % up to a record level 123,16 billion dollars in comparison with 122,61 billion dollars in August.

 

Week jobless claims showed reduction in parameters by 20 000, data wee even better than expectations of the market, up to 308 000 for week on November, 4th against 315 000 predicted.

The University of Michigan consumer sentiment index decreased slightly up to 92,3 in October against previous 93,6.

 

Market moods continue to remain against the dollar. However while it is not necessary to hurry up with decisions on positions, we remain outside the market.

 

 

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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
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EUR/CHF1.65951.6599
EUR/JPY162.7900162.8300
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GBP/CHF2.30702.3080
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