On February 15, we look forward to the continuation of the growth of the single European currency and the British pound.
EUR / USD pair, GBP / USD pair
In the first half of yesterday, the euro and the pound on the eurozone's GDP, with 0.6% and 0.6% in the foreseeable future increase of 1.3% In November. With the release of the January consumer price index in the US by 0.5% against expectations of 0.3%, the euro and the pound were 100 pips higher on the rumors that the Fed could raise the rate four times this year due to such inflation. Expectations of the rate increased for the month of March in accordance with futures with federal funds jumped to 85%. The yield on 5-year US government bonds increased from 2.55% to 2.65%. However, looking at it on an annualized basis, the CPI did not change and the retail sales declined by 0. 3% in January against the expected growth of 0.2%. It could simply increase the appetite for risk as the euro and pound were bought out, and the daily growth in the euro was 98 points. In the annual terms, the CPI remained at 2.1% while the basic CPI was 1.8%. Inventories of companies in December increased by 0.4% against expectations of 0.3%. The GDP forecast for the first quarter of the Federal Reserve Bank of Atlanta dropped from 4.0% to 3.2% due to lower retail sales. Stock Markets March rate increase is not alarming. As written earlier, the stocks gained the 1.34%. and the daily growth in the euro was 98 points. In the annual terms, the CPI remained at 2.1% while the basic CPI was 1.8%. Inventories of companies in December increased by 0.4% against expectations of 0.3%. The GDP forecast for the first quarter of the Federal Reserve Bank of Atlanta dropped from 4.0% to 3.2% due to lower retail sales. Stock Markets March rate increase is not alarming. As written earlier, the stocks gained the 1.34%. and the daily growth in the euro was 98 points. In the annual terms, the CPI remained at 2.1% while the basic CPI was 1.8%. Inventories of companies in December increased by 0.4% against expectations of 0.3%. The GDP forecast for the first quarter of the Federal Reserve Bank of Atlanta dropped from 4.0% to 3.2% due to lower retail sales. Stock Markets March rate increase is not alarming. As written earlier, the stocks gained the 1.34%. 2% due to lower retail sales. Stock Markets March rate increase is not alarming. As written earlier, the stocks gained the 1.34%. 2% due to lower retail sales. Stock Markets March rate increase is not alarming. As written earlier, the stocks gained the 1.34%.
Stock markets rate in March
Today, the trade balance of the eurozone for December will be published with the value of 22.4 billion euros against 22.5 billion in November. Data on industrial production will be important for the United States. The forecast for January Industrial Production implies an increase of 0.2% after 0.9% previously. The capacity utilization is predicted to increase from 77.9% to 78.0%, but the index of the business activity in the manufacturing sector of the Philadelphia is expected to deteriorate to 21.5 from 22.2. The producer price index (PPI) for January is expected to grow by 0.4% and the base PPI is expected to grow by 0.2%. You will not be able to find out what's going on in the US NAHB.
In general, we are waiting for the continuation of the trend: the growth of the euro in the range of 1.2520 / 40. After overcoming it, the target will be the level of 1.2640, and the British pound will rise to the level of 1.4150 .
USD / JPY pair
Unfortunately, the growth of stock indices did not save the yen from falling. Over the past two days, the decline was 140 points. Despite the expected reassignment of Haruhiko Kuroda to the post of head of the Central Bank, investors did not believe in improving the financial system of Japan. Also, the markets do not feel the help of the Bank of Japan itself, even if it is. Yesterday, the data on the economy for the fourth quarter showed GDP growth of 0.1% against the expected value of 0.2%. On an annualized basis, GDP was 0.5% compared to 0.9% forecast, and the previous indicator declined from 2.5% y/y to 2.2% y/y. Consumer spending showed a quarterly growth of 0.5% against expectations of 0.4%. Today, basic orders for mechanical engineering in December fell by 11.9% compared to the forecast of -1.9%. On an annual basis, the index fell from 4.1% to -5.0% y / y. The national stock index Nikkei225 grew 1.03% during the Asian session. Hence, the Bank of Japan has been quietly looking at the collapse of the yen for three weeks already. Will there be forces in this situation that are capable of restoring the correlation of the currency with the stock markets, before the market gets tired of falling even if for natural reasons, but it is still unknown. Notwithstanding, it can happen at any time. We are waiting for the continuation of the decline to the level of 105.50 in the current situation.