The Forex market is still undecided

At the auctions in America, there was another interesting event, the euro / dollar in a few minutes, breaking the next resistance level shot up to a half or two figures. Causes of the incident such as a sharp rise in petroleum quotations or sustainable growth in global stock indices in this case do not look too convincing. Stock indexes in the U.S. is under pressure after the publication of data on the proximate GDP for the second quarter and data on weekly claims for unemployment benefits in the second half of the session really grown markedly.

Also very much grown up yesterday and the price of oil behind the curtain of trades in New York. The precise value of the index of U.S. GDP for the second quarter of 2009 while the forecast was -1.6% and the prior value of -1.0% was -1.0%. The price of oil in New York after falling to a mark of 69.83 dollars per barrel grew closer to the end of the session immediately at 2.82 dollar to the level of 72.65 dollars per barrel.

Number of applications for unemployment benefits in the United States for the week to 22.08 while the forecast was 570 thousand 565 thousand Given the obvious positive things the latter figure indicating that the unemployment rate continues to decline, the total number of primary applications for the benefit of 570 thousand in still quite large and continues to testify on the economic downturn in major economies of the world. Increased attention to this indicator experts indicates the high importance of data review of the labor market in the U.S. for August, which will be published next Friday.

The consensus forecast for today rather optimistic and assumes the reduction of employment outside the agricultural sectors of only 275 thousand Publication data review can create a new vector of trades, which would then be reinforced by the emergence of more players, and hence growth of market activity that usually occurs after the celebration of Labor Day in the United States, celebrated on the first Monday in September.
28.08.2009