Thursday, August 26, 2010

Forecast for Thursday, August 26, 2010

n the course of trading on Wednesday with the publication of a more positive macroeconomic statistics for the euro area European currency once again attempted to rise above the 1.27 figure. As experts note, the index of business sentiment in Germany, calculated by research institute Ifo, in August 2010. compared with the previous month rose by 0.5 points and was 106.7, whereas the predictive value was at 105.7.

Soon, however, the downward trend once again returned to global markets. It happened, as in the previous day, after the discovery of American marketplaces. At this time, investors disappointed data on orders for durable goods, which according to the report of the Ministry of Commerce, in July 2010. grew by only 0.3%, which was 10 times lower than the forecasts of economists, is expected to increase orders by 3%.

In addition, as shown by statistics, not the best turned out and the situation and the housing market: sales in the primary market in July 2010. decreased by 12.4% on a monthly basis - up to 276 thousand market participants expected the figure will be 330 thousand worth noting that such sales was the lowest on record since 1963.

The European currency was again under pressure after falling to 1.2607 marks have not been able to rise above 1.2679. Pound / dollar stabilized near the 1.5450 mark.

At the same time it should be noted that the Japanese yen, which has traditionally been considered currency of refuge, this time received no support from the pessimism in the markets due to tightening of the statements by the Japanese authorities against the yen after reaching its 15-year high.

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