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Forex · News · Forex Forecasts

NEWS / Forex Forecasts

EURUSD, GBPUSD. On a background of contradictory foundation dollar quotations have not changed.

11:47 05/31/2007

Despite day rich in news plan, eurodollar quotations remained almost without changes, prices are consolidated near bottom border of a currency corridor.

 

Data on 1 quarter of current year showed the lowest rates of growth of the American economy
for last four years.

 

However, some key components demonstrated quite good safety factor which can become a guarantee for the subsequent rise, the index of industrial activity on the Middle West specified revival of industrial activity in May.

 

In the first quarter, 2007 the GDP gain made 0,6 % against 1,3 % for the fourth quarter, 2006.

 

Data about growth of personal expenses, which support two thirds of national economic activities, became good news. Personal expenses increased up to 4,4% from 3,8 %.

 

Good news for the US economy was also issue of the index of a business climate of Chicago National association of consumers, the index grew in May up to 61,7 points from 52,9 points in April.

As a whole market moods concerning dollar and the euro are balanced, quotations continue to be within the limits of a sideways. Therefore while we remain outside the market.

 

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