18, March 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The employment rate showed a decrease of -0.35 against expectations of 0.1% in the euro area for the 4th quarter. Before the opening of the U.S. session the euro was down.

Spain managed to place quite well long-term bonds in the amount of 803 million euro last week. Although the volume of purchases was less than expected 1-2 billion, but the yield on the placement of 16-year securities fell from 5.79% to 5.22%.

In the U.S., initial applications for unemployment insurance reached the level of a revised 332K to 342K last week. Producer price index rose 0.2% to an expected 0.7%. And if just a week before the rise in prices could have a negative impact, it is now positive, as the news agency immediately commented on the news as increasing business activity.

Later, it was released the data on natural gas which showed reduction: -145 000 000 000 -136 billion against expectations of gas and oil, respectively, began to grow and to provide additional incentive to increase the stock, and with it the foreign exchange market. The overall market grew by ordinary news, but it is especially a good sign that investors have shifted to the euro.

Trading volumes were relatively high. Good news is expected from the results of the EU summit.