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USD higher in late trading, EUR is further weak

The U.S. dollar could extend its bullish trend before the long weekend in the USA , the EUR , however, declined in most pairs . The Japanese yen may benefit from the skepticism of emerging markets.

USD continues its upward trend
The U.S. dollar continued to expand its strength given on its most-traded counterparts at the end of the trading week on. He was supported both by a weak euro and the ongoing uncertainty about the conflict in Syria. Even the weak data at 08:30 h the core PCE price index, the private spending and personal incomes in the U.S., which remained at 0.1 % , and 0.2%, below forecasts , could not stop the trend. The published at 09:45 h and 09:55 h data for the Chicago PMI and the Michigan Consumer Sentiment Index showed a positive trend. Overall, the data were sufficient to continue with the expectation of a reduction of bond purchases by the Fed in September and to give a further boost to the USD.

The pair EUR/USD fell by another 0.28% currently at 1.3203 and is trzing to break back under the 1.3200 mark. The pound was the USD to date to 0.19% and the GBP/USD is at 1.5475. The Australian dollar fell against the USD after again, after he had re- recorded a slight increase in early trading. Currently the pair AUD/USD shows a decline of 0.31% at a rate of 0.8901.

Euro after data weaker
Today was for the euro area, a whole series data published for different countries and the entire euro area. The overall picture can be described as mixed. Thus, various data were just above the forecasts, but still showed a negative value. Also the Jobless for the entire euro area is still at 12.1% remained at a high level. The consumption price index remained 0.1% below the already expected minus back yet. Then there are the unsolved problems in the southern countries of the euro zone as the open question about a financial assistance to Greece.

In addition to the U.S. dollar, the euro suffered against most of its major counterparts losses. The pair EUR/GBP verzeichet currently a loss of 0.11% at 0.8530 and against the JPY a decline of 0.39% currently at 1.2964. The CAD, which benefit from the positive outlook in the U.S., Canada 's main trading partner, appreciated against the EUR at current 0.32% at 1.3908.
An increase the EUR showed against the NZD. The pair EUR/NZD shows a gain of 0.28% at a rate of 1.7087.

JPY benefited from distrust to emerging markets
The Japanese yen was able to benefit from the growing distrust of investors against various emerging markets today. The investors give the yen lower risk and a Safe Haven is ascribed role. The yen continued to expand its course during the day against most of its counterparts .

The JPY was up today against an otherwise strong current USD to 0.17% and currently stands at 98.18. Against the GBP it currently increase by 0.34% at 151.96 and against the AUD 0.54% at 87.34. The biggest increase among the most-traded counterparts shows the JPY to NZD at 0.71 % and a price of 75.86.

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. GDP better than expected, USD reaches 4-week high

The figures released today to the U.S. GDP in the second quarter are surprisingly positive. After rising by 1.7% in the first quarter of the year, analysts have predicted an increase of 2.2% for the second quarter. The data released today show now with a rise of 2.5% that the U.S. economy is in a strong recovery process.

Drosselung der Fed-Ankäufe wahrscheinlicher
The significant growth of the economy makes a first step to the end of the program for the purchase of bonds by the Fed in the amount of 85 billion U.S. dollars a month increasingly likely. The argument of the previous opponents of a reduction in the Fed's board, doing this on the basis of predominantly positive forecasts, is significantly removed by the data now know, especially as the data on jobless claims further shows a positive trend. The number of initial claims declined itself, compared to the previous week by 6,000, with a forecast of 5.000. Although the number of continuing claims remained at 9,000 short of forecasts, but still showed a decline of 14,000.

Strong bullish USD
The USD was able to expand its rate against most of its most-traded counterparts on. To EUR today, he reached the highest level since early August. The pair EUR/USD is currently showing a loss of 0.80% at a price of 1.3231. Against the yen it also increased its price continues. Currently the pair USD/JPY shows an increase of 0.73% at a rate of 98.34.
The AUD, which recorded a slight increase in early trading, now shows a decline of 0.13% at 0.8928. The largest gain, the USD currently shows to the CHF with a gain of 1.00% at 0.9314.

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 rises in anticipation of positive data

The expectation that the today upcoming U.S. data send a further impulse to taper the Fed's purchases can increase the dollar.

U.S. GDP expected to grow by 2.2%
The forecasts for today's U.S. GDP data expected to show a significant increase of 2.2 % for the second quarter, after 1.7 % in the first quarter , and further strengthen the USD in his positive trend.
The forecasts for the jobless claims are positive and show a, albeit slight , further decline .
Stable growth and a significant decline in unempolyment rate be called by the Fed as the most important prerequisite for a reduction of bond purchases . If the forecasts right, the probability, the Fed at its meeting on 17 and 18 September will decide tapering, rise significantly and more the question hang in the air, to what extent they will do this. It is speculated that the current total of 85 billion dollars 10 to 20 billion dollars, depending on the economic development shown by then , will be reduced monthly.

Euro under pressure
The euro recorded today against most of its counterparts partly strong losses. This is attributable to the fact that investors in the wake of the Syrian crisis and the distrust of the currencies of the emerging markets increasingly looking for a safe haven and a small risk. The euro-area shows at the moment although a recovery from the crisis , the discussion about further financial assistance to Greece and weak growth in Spain , however, show that the situation in the southern countries of the euro-area is still difficult. This results in a rather weak at the moment of investor confidence in the euro .Also, the number of unemployed not , as expected, declined by 5000, but rose by 7,000 expected to impact negatively on the rate of the euro.

USD shows strong gains
The pair EUR / USD fell to 1.3267 currently 0.54% and the lowest level so for over a week . Against the JPY , the USD rose by 0.48 % to the current date 98.10 . The USD to AUD shows a loss of 0.05% currently at 0.9836 . The CHF to USD according to current was 0.56 % , and the pair is at 0.9273 .

EUR with broad losses
In addition to the losses against the USD , the EUR has suffered losses against most other counterparts . The EUR/GBP dropped to 0.48% currently at 0.8550 . The minus against AUD is currently at 0.54% at 1.4840 and against the CAD the euro fell by 0.39% currently at 1.3934.

U.S. dollar as "Safe Haven" before impending conflict in Syria?

In view of the impending conflict in Syria, investors search for a "Safe Haven", which is considered the least affected by the conflict. After yesterday it seemed that this role falls to the JPY and the CHF, but in today is becoming apparent that the role of the majority of the USD could fall. This can now benefit from the doubt as to the currencies of various emerging markets with strong gains in part against all its major counterparts.

After the USD had to accept, in the first two days of this week's trading, losses against the Yen, with a low of 96.80, today he could grow again by 0.33% and currently stands at 97.33. The EUR is currently 0.36% and 0.49% for the GBP down against the USD.
The largest increases the USD recorded, against the currencies of India and Turkey. Against the TRY it currently increased by 1.13% and against the INR whopping 2.80%.

German business climate with best results for 16 months, the Euro can only partially benefit

Ifo index exceeds expectations
The result from the survey of 7,000 German companies for the Ifo business climate index, today showed the best result in the last 16 months. The result shows that the development of the German economy is stable and on the way out of crisis. While analysts, for a value of 106.2 points in July, expected a rise to 107.0 points, the forecasts was exceeded with 107.4 points. Leading analysts expect a continued upturn in the German economy and a growth this year of 0.6%. This could rise to 2.0% in the next year, if the overcoming of the recession in the euro area should provide as robust.

Euro may benefit only partially
The euro could only partially benefit from the good results of the largest economy in the euro area. Especially against the yen the EUR suffered strong losses of today. The pair EUR/JPY falls to -0.92% currently at a price of 130.47. Also the price of CHF and the USD rose against the EUR. The pair EUR/CHF is currently showing a decline of 0.36%, with a rate of 1.2295, and the pair EUR/USD fell by 0.18% at 1.3345.
The strongest growth shows pair EUR/AUD, which currently record an increase of 0.65% at a price of 1.4907. Against the GBP, the EUR could currently rose 0.22% at a price of 0.8502.

JPY benefited from concerns about emerging countries
The japanese yen was able to benefit from the growing concern for the economic development in emerging countries, such as India and Indonesia, whose currencies declined sharply and strengthened the demand for more robust investment today. The JPY shows strong gains against all its counterparts.
Against the USD, the JPY rose 0.75% to 97.76 currently and the GBP current 0.98% to 151.74. The strongest growth, the yen currently recorded against the Australian dollar. The pair AUD/JPY currently yeigt a loss of 1.47% at a price of 87.60.