Euro declines by industry data, U.S. Jobless Claims better than expected

Negative industrial production let the euro fall again. Against the USD continued uncertainty prevails.

EUR / USD back below 1.33 and back up again

The currency of the 17 countries of the euro zone had to give up some of yesterday's gains today. The data published today at 05:00 h on industrial production throughout the euro-area were significantly below the predicted values. While the forecasts saw a slight decrease of -0.1% (YoY), the actually determined value is significantly lower at -2.1%. Even compared to the previous month, the value found was -1.5%, well below the predicted minimum increase of 0.1%. The poor value for the euro-area already hinted at 04:00 h, when the data was released to the Italian industrial production. The values of the third largest economy in the euro-area amounted to -4.1% (year) and -1.1% (month) saw significantly below the forecasts -2.5% (year) and 0.1% (month) . The euro has suffered losses in a row against its most traded counterparts.

US - jobless claims better than expected

The weekly U.S. data released today, to the initial and continued jobless claims came out better than expected. The numbers show that 31,000 new applications and 73,000 applications for continuation less than the previous week was made. This shows that the U.S. economy continues to grow and be able to create new jobs. Today's figures also appear contrary to the fears of investors, the recovery could stagnate after the numbers last week turned out much worse than the forecasts had suggested this. As a result, the doubts were increasing about whether and how far the Fed will slow in the coming week, the program for the purchase of bonds. According to current figures, tapering is very likely. Only the scale is still uncertain. The, in the first speculations, suspected retraction of 85 billion to 65 billion per month is not likely to occur. The past few weeks have shown that the U.S. economy is indeed on a stable growth path that leads from time to time but through difficult terrain. Given the Fed will probably slow in a first step at 75 billion per month. If there is no negative impact on U.S. growth result, the next step could already take place in early 2014.

USD gains are off again, JPY increase

The USD was up today after the publication of data first, but currently he lose it again. The pair EUR/USD is currently showing an increase of 0.03% at 1.3313 and the GBP/USD is currently showing an increase of 0.01% at 1.5818. Against the AUD the dollar was up already in early trading after negative data were published from Australia to the labor market. Currently shows the pair AUD/USD at 0.9267 -0.65%.
The JPY was up against all its major counterparts today. The USD/JPY shows currently -0.72% at 99.17 and the EUR/JPY -0.70% at 132.04. The pair GBP/JPY shows currently -0.71% at 156.88.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.

Euro back in buoyant, Investors cautious in U.S.-Dollar

The recovering economy in the euro-area is regaining confidence among investors, which emerges in the rising value of the euro. Against the U.S. dollar investors act cautiously before the tomorrow's numbers to the U.S. jobless claims and the Fed-Meeting in the next week.

EUR / USD exceeds the mark at 1.3300

After the euro-area's 17 countries have left the recession in the last quarter, slowly turns back the confidence of investors and the rate of the euro may increase markedly. However, the growth in the euro zone continues to be treated with some caution, since seem to initiate new problems in various countries, which could affect the whole euro-area.
In Italy, the dispute over ex-Prime Minister Silvio Berlusconi and his conviction could expand in a tangible government crisis. The first consequences the third largest economy in the euro-area already being felt by higher interest rates on government bonds. The interest rate for one-year bonds today rose from 1.054 percent to 1.34 percent.  Demands for a loosening of the deficit targets are from Portugal loud again, suggesting close to new problems in portuguese national budget.
In France too negative news concerning the state budget. The french government has lowered its economic forecast for next year from 1.2 percent to 0.9 percent, and with the reduction of public debt France is less advanced than was planned. Instead of the planned budget deficit this year of 3.7 percent of gross domestic product this will amount to 4.1 percent. Also in 2014 had the goal of 2.9 percent to 3.6 percent to be corrected, and will thus determined to be 0.6 percent higher than the upper limit of 3.0 percent in the euro-area.

Another reason for the increase of the Euro-rate is the negotiating control over chemical weapons in Syria. Because the acute danger of an armed conflict is resolved, at least temporarily, investors tend again to take higher risk assets in their protfolio. If the negotiations over the controls in Syria do not provide positive results, the price of the euro could re-enter a downward trend.

Against the USD, the EUR could again exceed the mark to 1.3300, and the pair is currently showing an increase of 0.32% at 1.3309. The euro is rising against the AUD currently at 0.20% with a rate of 1.4277.
The euro fell today against the GBP after in the UK published figures for the labor market were better than expected. The pair EUR/GBP fell currently by 0.25% at 0.8412. Against the JPY the EUR declines currently 0.16% to 132.94.

Investors unsure against the U.S.-Dollar

The rate of the U.S. dollar can feel the uncertainty of investors regarding the expected tomorrow at 08:30 h figures on joblesst claims and ahead of the Fed meeting on 17 and 18 September.

The forecasts see for jobless claims only a slight increase of 7K, but after the figures for the last week, which were significantly worse than the forecasts, investor confidence is at least weakened.
Ahead of the Fed meeting in the next week, the increased uncertainty grows about how to proceed with the program for the purchase of bonds. Last month, it was speculated that the sum of 85 billion dollars per month currently could be reduced by 20 billion. Now the speculations says 10 billion and should be published economic data before the meeting worse than expected, the speculation will not contain a specific sum anymore.

The USD has suffered from some of its most-traded counterparts losses today. The GBP/USD rising 0.58% to currently at 1.5822, and the pair AUD/USD rises to 0.17% currently at 0.9328. The JPY gains against the USD currently 0.53% at a rate of 99.83.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.

Cooling down of the Syrian crisis burdened the Yen, AUD with strong growth

Deduction from "Safe Haven"

The current development in the Syrian crisis, in which an attack by the U.S. military seems at least initially averted, has a negative impact on the Japanese yen. As the conflict threatened to get in a hot phase, a large amount of capital was pulled out of the currencies of emerging markets, as was the fear that an escalating conflict in the Middle East will have a long term negative impact on the economy of these countries. The Yen as a "Safe Haven" had benefited from this development, since this liberated capital was invested in large part in this.
After the conflict seems now first appears in defused the investors regain a higher risk appetite and now the reverse effect moves capital from the "Safe Haven" investments to emerging markets again.

The JPY currently has against all major Couterparts recorded losses. The pair USD/JPY rise 0.70% currently at a price of 100.27 and EUR/JPY rising 0.62% to 1.3279 at. The GBP against the yen can record a current gain of 0.67% at 157.31.

AUD continues to recover

The price of the Australian dollar today could continue its recovery after it had already fallen in the last six months by 9.5%.  The new investor confidence in the AUD is justified with the statement by the RBA to plan no further interest rate cuts in the future. Also the positive Chinese growth further supports the AUD, because China is one of Australia's major trading partners.

The AUD is currently against all major Couterparts seen some strong gains. The pair AUD/USD rising 0.66% to 0.9288 currently and the pair EUR/AUD drops by 0.76% to 1.4253. The pair GBP/AUD is gains 0.63% to 1.6899 and the pair AUD/JPY rises by 1.40% to 93.17.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.

U.S. dollar start to the week with further losses

The U.S. dollar has continued its losses from last Friday at the start of the new trading week. The AUD can continue to grow.

Feared restraint at the Fed

After the disappointing figures on U.S. non-farm payrolls at the end of the last week, skepticism grows among investors about the actions of the Fed at its next meeting on 17 and 18 September. The U.S. dollar in the last weeks, benefited mostly from good U.S. economic and labor market data and the resulting speculation that the Fed in September do the first step to reduce the bond purchases. On Friday these speculations, through data that were significantly behind the forecasts, were drawn in serious doubt. While the forecasts saw 180K jobs created, there were actually only 169K and 152K. A complicating factor was, that the numbers of 02 August were revised down for 58K and 34K.

After initial speculation the Fed could at $ 20 billion reduce their current monthly purchases of $ 85 billion per month, a sum of 10 billion was favored by analysts recently. After the numbers from last Friday now grow concern that the number could down even further, if not even be zero, be corrected.

The USD had to record against almost all of its most-traded counterparts some heavy losses during the day. The pair EUR/USD rises to 0.60% currently at 1.3259 and is thus clearly above the mark by 1.32. Compared to the GBP the U.S. dollar lost currently 0.45% at a price of 1.5701. The current loss against the CHF is 0.57% at 0.9320.
Against the JPY the USD could benefit from its weakness and the pair USD/JPY rises to 0.46% at a current rate of 99.57.

AUD continues in Uptrend

The Australian dollar could continue to benefit from the positive outlook in the Asian region today. In addition, investors seem to place more confidence in the newly elected Conservative government at the weekend. Of this was made clear before the election that they different strains of the economy, which had established the Labor government, such as CO² tax, to undo.

The AUD was reported today against most of its major counterparts, an increase, but the he lost again partially in late trading. The pair AUD/USD rises to 0.51% currently at 0.9236 and AUD/JPY shows a current rate of 91.99, representing an increase of 0.99%.
Against the EUR, the AUD currently losing 0.09% at a price of 1.4354, after a day's low of 1.4298 and against the CHF -0.09% currently at 0.8608 and a daily low of 0.8985.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.