Trading news

Calmness controls Asian market. Other major currencies are Stable.

On Friday, we noticed that the foreign exchange markets during the Asian session witnessed a state of calm. More, the major currencies stabilized after large movements in prices over the past two days. The US dollar held near its lowest level in three weeks. The euro fell within the scope of relatively weak trading. GB pound held near the highest level in a week. While Yen fell slightly as investors buy the stock markets after the global recession fears reduce monetary stimulus programs in America and Japan. During the Asian markets for today, Dollar Index settled near its lowest level in three weeks 82.76 points.

Moreover, the U.S. economy waits for important data on indicators of Inflation and Consumer Confidence. It will be released Producer Price Index (PPI) for the month of June expected the same previous reading, which recorded a high of 0.5 in percent.

It will be followed by the issuance of Core Producer Price Index for the same month expected to rise by 0.2 percent from the previous reading, which recorded a 0.1 percent rise. Also, University of Michigan Consumer Sentiment will be issued for the month of July expected 85.3 from the revised previous reading of 82.7 to 84.1.

Friday, 12 Jul, 2013 / 7:14

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