06, September 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The US dollar was traded against the majority of the main currencies (except yen) after five days of growth in a row, on a dollar index - against weak statistics on trade balance and production activity in the region of New York. Most of all raw currencies grew to dollar. According to the data of the Ministry of Trade, deficiency of trade balance of the USA in July grew by 13.3% - to $39.1 billion, having exceeded expectations. July growth of deficiency has been the most considerable since January, 2011.

Export decreased in July by 0.6% while import grew by 1.6%, generally at the expense of increase of import of oil products and cars. The index of production activity from ISM New York fell in August to 60.5, against 67.8 a month before. The index of economic optimism from IBD/TIPP in September grew to 46, with 45,1 in August which coincided with forecasts.

The pound reached almost 2-week maximum to dollar, after a release of business activity in a services sector, shown its growth to the maximum values since December, 2006. The index of business activity in a services sector grew in August to 60.5 with 60.2 when everyone expected a decrease. The sector of services makes more than 75% of all economy of Great Britain. The index has grown the eighth month in a row. The growth was generally connected with increase in number of new orders in August.

Euro grew after the publication of the revised data on gross domestic product for the 2nd quarter, despite data on activity in a services sector and to the retails which haven't met expectations. Gross domestic product growth in the second reading coincided with a preliminary estimate +0.3% in annual calculation of gross domestic product decreased slightly less initial estimates: for 0.5%, instead of 0.7%.