Succeeded Alaorovi the previous week in progress against all its major counterparts except the U.S. dollar. The euro / dollar pair is the standard for the forex markets, and congestion that test him appear the situation surrounding the underlying market. However, in the absence of issues dominant Katgahat the the risks and speculation surrounding the Federal Reserve to withdraw stimulus, it is likely that you have the basics euro biggest influences. That would be an interesting particularly for couples such as the euro / yen or euro / dollar are ready to record breakthroughs when crystallized risky events such as the GDP numbers for the second semester Italian, for example.
In the past few weeks, the Member States in the vicinity of the euro zone pose potential catalysts for fluctuations in the euro. Approved by the International Monetary Fund and the European Union on the last tranche of Greek assistance, Portugal avoided early elections and thus the deviation from the path of austerity. Of course, during the previous months, there have been a number of events that did not suffer for the benefit of the progress or even entrench the status quo. In spite of the negative repercussions, the euro was able to cohesion and stability. Likely to indicate, however, that investor confidence is now enjoying immunity at the regional problems is critical.
While ignoring the temporary market turbulence that stand in the way of recovery in countries such as Greece and Portugal, it is necessary to recall that the tensions that affect the basis of the euro zone will add a new factor to the equation stability of the region - not to mention the near-term oscillations most acute. Next week, the main event is reflected initial reading of the GDP figures for the second semester Italian. Economy shrank's third-largest economy in the euro zone for the seventh consecutive season, is expected to show a new reading of a contraction of 0.4%. This scenario has become known, so any reading corresponds with the estimates will generate a wave of oscillations. In the past week, Spain reported the growing unit stagnant with a quarterly decline of 0.1%.
In the event any struggled a growth report from one of the countries that form the backbone of the European Union to get feedback from the second-intensive major currencies in the world, must make the perilous events "familiar" greater effort to influence the euro. Include versions that must be closely monitored index of regional service sector activities, the German trade balance, a Santeks survey of investor confidence in the euro area, in addition to the monthly report of the European Central Bank and the Greek unemployment rate. In the event occurred in any major surprises on these reports, then will highlight the wave of oscillations.
One of the considerations which would convert basic disorders to even greater step in the market, up numbers falling on the table down to the approximate technical levels. The most prominent example is reflected with the beginning of the week to the scope of the euro / dollar, which ranges between 1.3300 (which is bounded on the rising trend line set from the swing peak in May 2011) and 1.3175 (which is a set of technical standards). This is a narrow corridor in the if rebounded wind, and is likely to undermine the rising wave oscillations of sites based on speculation larger than the data might do or news alone. If the trades based on the scale provided with the approaching release of the report of Italian growth, available a significant risk of penetration.
Although the concentration threshold of a solid trend to follow the euro at a higher level and enjoy the upcoming events perilous effects are limited, still available sources of disturbances that will push the EUR / USD again to the extremities such as the level of 1.3500 and 1.3000 or even push the euro / yen to overcome the 134 level or drop below 130. In this regard, a risk aversion waves always present threat since it has the ability to redefine the tensions that can be placed under control and be included in the equation of the crisis. On the other hand, it is extremely difficult to mobilize a similar level of optimism due to the appreciation of the valuable time for low-revenue / assets with a higher proportion of risk. Very likely that we will see renewed crisis in the euro zone.
In the past few weeks, the Member States in the vicinity of the euro zone pose potential catalysts for fluctuations in the euro. Approved by the International Monetary Fund and the European Union on the last tranche of Greek assistance, Portugal avoided early elections and thus the deviation from the path of austerity. Of course, during the previous months, there have been a number of events that did not suffer for the benefit of the progress or even entrench the status quo. In spite of the negative repercussions, the euro was able to cohesion and stability. Likely to indicate, however, that investor confidence is now enjoying immunity at the regional problems is critical.
While ignoring the temporary market turbulence that stand in the way of recovery in countries such as Greece and Portugal, it is necessary to recall that the tensions that affect the basis of the euro zone will add a new factor to the equation stability of the region - not to mention the near-term oscillations most acute. Next week, the main event is reflected initial reading of the GDP figures for the second semester Italian. Economy shrank's third-largest economy in the euro zone for the seventh consecutive season, is expected to show a new reading of a contraction of 0.4%. This scenario has become known, so any reading corresponds with the estimates will generate a wave of oscillations. In the past week, Spain reported the growing unit stagnant with a quarterly decline of 0.1%.
In the event any struggled a growth report from one of the countries that form the backbone of the European Union to get feedback from the second-intensive major currencies in the world, must make the perilous events "familiar" greater effort to influence the euro. Include versions that must be closely monitored index of regional service sector activities, the German trade balance, a Santeks survey of investor confidence in the euro area, in addition to the monthly report of the European Central Bank and the Greek unemployment rate. In the event occurred in any major surprises on these reports, then will highlight the wave of oscillations.
One of the considerations which would convert basic disorders to even greater step in the market, up numbers falling on the table down to the approximate technical levels. The most prominent example is reflected with the beginning of the week to the scope of the euro / dollar, which ranges between 1.3300 (which is bounded on the rising trend line set from the swing peak in May 2011) and 1.3175 (which is a set of technical standards). This is a narrow corridor in the if rebounded wind, and is likely to undermine the rising wave oscillations of sites based on speculation larger than the data might do or news alone. If the trades based on the scale provided with the approaching release of the report of Italian growth, available a significant risk of penetration.
Although the concentration threshold of a solid trend to follow the euro at a higher level and enjoy the upcoming events perilous effects are limited, still available sources of disturbances that will push the EUR / USD again to the extremities such as the level of 1.3500 and 1.3000 or even push the euro / yen to overcome the 134 level or drop below 130. In this regard, a risk aversion waves always present threat since it has the ability to redefine the tensions that can be placed under control and be included in the equation of the crisis. On the other hand, it is extremely difficult to mobilize a similar level of optimism due to the appreciation of the valuable time for low-revenue / assets with a higher proportion of risk. Very likely that we will see renewed crisis in the euro zone.
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