Macroeconomic calendar yesterday did not contain critical events that could correct the situation on the currency market. Against this background, the world's currency traded mostly under the influence of technical factors, told the analysts of the Forex Broker Company Traders Union.
At any time, the dollar may go up.
Overbought US currency provoked fixing profit on it, which led to the fall of the dollar, despite the strong performance of the United States for employment in non-agricultural sector of the country. In view of this one and the British currency in the pair with the Americans were able to recover their example was followed and the yen, which managed to reduce the dollar today passed beyond the point of 120.00 earlier. "However, the claim of a trend reversal on the US currency still early, so he may at any time again to go up, although the risks are more powerful correction still remain, which confirms the inability to develop the growth of the dollar on Friday after published," - note Forex experts.
On December 9, it is expected: in the euro area to host the meeting of the Council of Ministers for Finance and Economic Affairs; stats Germany's trade balance will appear at 10:00; Britain indicators in terms of production in the industrial sector in the past month and for the year in terms will be announced at 12:30; NIESR announce at 18:00 estimate of quarterly GDP growth in Britain; at the same time will be released statistical data on commodity stocks of the United States in the wholesale warehouses.
Today's trading day is also not marked weighty macroeconomic events that could change the direction of the market. Assessment of GDP growth in Britain and production figures in the industrial sector can to some extent affect the movement of the pound. "Strong statistical data will help the pound / dollar to recover, and the weak, on the contrary, subjected to a pair of pressure", - mentioned the analysts of Traders Union (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/). German trade balance could affect the dynamics of the single currency, but wait for the powerful direction of movement is still not worth it. Traders in general will continue to analyze the information, announced earlier, and wait for the new statistical data for the euro area and the United States, who will be able to change the mood of the market.
