In the Forex market continues to decline of the dollar against major currencies

In the Forex market continues to decline of the dollar against major currencies. Yesterday, 13 October, in connection with a small number of important macroeconomic publications, the auctions proceeded under the influence of trends in the stock markets, which are encouraged by the favorable reports of American corporations. Thus, one of the last reported back Intel Corp., Reported an increase in profits, as well as provide positive forecasts for the next reporting quarter.

Among the macroeconomic data that came on Tuesday 13 October, it may be noted the index of economic sentiment in Germany, which unexpectedly showed falling below the level of last month: 56 points in October against 57.7 in September. Also worth noting, and a regular decrease in the consumer price index in the UK in September: 0.0% m /m against 0.4% m /m Nevertheless, such a sufficiently weak statistics, any serious impact on the euro has not had, as a result, under increasing pressure, the euro /dollar confident enough entrenched above the 1.48 mark.

Today, the focus of players are statistics on industrial production in the euro area in August. Note that analysts expect a good data, which if confirmed, the euro could re-accelerate his climb to new highs, as it doubts on the further economic recovery in the European region, are the major limiting factor in the growth of the single currency. Players can also expect the emergence of similar statistics on sales in the U.S., where, on the contrary, the mood quite negative (expected to decline by 2.1% in September). In addition, in the evening in the U.S. come out minutes of the meeting FOMC, which may help players to understand the balance of emphasis in the policy committee.

While the desire to believe in healing of the economy too much that pulls the market to new levels
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