Vector Securities - Analytics

    Vector Securities

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    Whether can American data calm down investors today?


    Previous day was in line with recent tendencies of the market – if stock market and energy prices are falling, then euro and yen are growing, other currencies are decreasing; if stock market is growing, then euro and yen are falling, other currencies are growing. It is not a secret that the market never repeats itself, and changes the mechanisms of its behavior from time to time. Now the question remains open how long these new mechanisms will prevail. 
    Dollar reached the end of week with minimal advantage. Most of the growth happened due to pound and trade currencies. Herewith it was due to the reasons, which had little with economic indicators in the U.S.A., and there were practically no indicators this week. Today this gap will be filled – a huge set of reports will be published in the U.S.A. On the agenda is industrial production, producers’ prices, production activity of NY, retail sales. In general, forecasts are contradictory again. The main focus will be on retail sales. Here slight growth is expected. If in the reality figures exceed forecasts, then probably yesterday’s bounce of American stock market in the first half of the session will renew today, what isn’t a positive for euro, but it will give a respite to trade currencies. 
     
    Trade tactics:
    Now behavior of the exchange market is a mystery for us. Especially it concerns “apartness” of euro’s movement from most other currencies for quite a long period. At this moment, we don’t see appropriate signals to enter the market. We stay out of the market. 
     
    Any opinions, advice, news, research, analyses, prices or any other information presented on this webpage is provided as general market commentary and does not constitute investment advice. "Vector Securities" shall not be liable for any loss, including loss of profit, which may arise directly or indirectly from the use of this information. 

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