ZEW figures released yesterday by the current economic conditions and expectations in Germany were higher than forecasts of experts. "Despite this, these data could not support the euro as the main factors that determine its movement still serve deflation in the Eurozone and ECB to combat it", - explained analysts of the Traders Union (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/). "On the eve of tomorrow's meeting of the ECB's according to the results and performances of its head investors decided to postpone the opening of new positions, as a consequence, the euro / dollar is kept in a very narrow range.
NZD tested the 0.7621 mark
New Zealand's currency falls and currently has tested 0.7621 point. After New Zealand figures on consumer price inflation, which showed its slowdown, NZD sellers revived. "In view of this it is highly doubtful that the Central Bank of New Zealand will start to raise rates, which adversely affects the movement of the national currency", - say Forex experts.
Japanese Central Bank decided not to increase the asset purchase program, which is expected by market participants. However, the yen is not able to return most of their positions lost over the past few days. This situation as a whole picture does not change, so the downward attitude on the yen will continue to be relevant.
According to Traders Union analysts, British statistical data and protocol of the ECB meeting are of particular importance for the pound.
The Central Bank of Canada will keep rates at the current level and are likely to abstain for a while from its increase, so the pressure on the Canadian currency will continue.
