- Analytics
- Market Overview
The last week trends have been remained in the currency market on Monday - 14.1.2014
Today at 9-30 GMT (0) we expect a series of macro indicators from the UK. We believe that the most significant of these can be the consumer price index for December, calculated month to month. It is expected to grow by 0.5%. The inflation increase may be negative for the pound (GBPUSD). At 13-30 GMT (0), in the US, there are the most important retail sales data for December coming out. In our opinion, the preliminary forecasts are negative for the U.S. dollar. It should be noted that this is not all news for today. After macroeconomic information, the market expects another event that may be positive, on the contrary. We expect the bank executives performances (Philadelphia Fed in 17-45 GMT (0) and Dallas at 18-20 GMT (0)). Previously, they stated of necessity for further reductions in asset. This supports the U.S. dollar exchange rate The Australian Dollar (AUDUSD) now slightly corrected after its rapid growth. Investors are taking profits on anticipation of weak economic statistics from China. Tomorrow morning, there will be information on the volume of new loans in RMB in December. According to preliminary estimates it will decrease to 570 million yuan. China is a major trading partner of Australia.