• European session: the pound fell sharply against the dollar

Market news

15 April 2014

European session: the pound fell sharply against the dollar

Data

01:30 Australia RBA Meeting's Minutes

07:15 Switzerland Producer & Import Prices, m/m March -0.4% +0.3% 0.0%

07:15 Switzerland Producer & Import Prices, y/y March -0.8% -0.9% -0.7%

08:30 United Kingdom Retail Price Index, m/m March +0.6% +0.3% +0.2%

08:30 United Kingdom Retail prices, Y/Y March +2.7% +2.5% +2.5%

08:30 United Kingdom Producer Price Index - Input (MoM) March -0.4% -0.1% -0.6%

08:30 United Kingdom Producer Price Index - Input (YoY) March -5.7% -6.1% -6.5%

08:30 United Kingdom Producer Price Index - Output (MoM) March 0.0% +0.1% +0.2%

08:30 United Kingdom Producer Price Index - Output (YoY) March +0.5% +0.3% +0.5%

08:30 United Kingdom HICP, m/m March +0.5% +0.2% +0.2%

08:30 United Kingdom HICP, Y/Y March +1.7% +1.6% +1.6%

08:30 United Kingdom HICP ex EFAT, Y/Y March +1.7% +1.6% +1.6%

09:00 Eurozone ZEW Economic Sentiment April 61.5 60.7 61.2

09:00 Eurozone Trade Balance s.a. February +15.0

09:00 Germany ZEW Survey - Economic Sentiment April 46.6 46.3 43.2


Euro fell against the dollar amid weak data on Germany. Note that confidence among German investors fell again in April , extending this streak to four consecutive months , highlighting risks to recovery in Europe's largest economy . This was stated in the report of the Centre for European Economic Research ZEW.

According to the data , the April index of sentiment in the business environment , which is designed to assess the development of the economic situation in the next six months , declined to 43.2 from 46.6 in March. Economists had forecast a decline to 46.3 . Recall that in December 2013 reached a seven-year maximum sensor - at the level of 62 points . Current situation index rose to 59.5 , its highest level since July 2011 , compared with 51.3 in March. Economists predicted the figure at 51.5 .

The data also showed that the index of economic sentiment in the euro zone fell to 61.2 from 61.5 in March, while the current conditions index rose 6.2 points to -30.5 .

Pound rebounded from lows against the dollar , reaching levels with today's opening session , which was associated with the release of data on Britain. As it became known , at the end of March the British inflation fell to its lowest level in more than four years , retreating further from the target goal of the Bank of England. It became known from the report , which was submitted to the Office for National Statistics.

According to the data , consumer prices rose in March by 1.6 percent per annum , and confirmed the experts' forecasts , but were close to the lowest level since October 2009 . Recall that in February, prices rose 1.7 percent in February. In the ONS said that the greatest pressure on the annual rate of consumer price inflation was the reduction in fuel prices, clothing and furniture . In addition, it was announced that the base rate of inflation , which excludes prices of energy , food, alcohol and tobacco increased by 1.6 percent ( four-year minimum). The data also showed that inflation in selling prices increased by 0.5 percent ( the lowest since October 2009 ), which was slightly higher than economists' forecasts - at the level of 0.3 percent.


EUR / USD: during the European session after dropped to $ 1.3788

GBP / USD: during the European session, the pair fell to $ 1.6685 , but then recovered to $ 1.6720

USD / JPY: during the European session, the pair traded in the range Y102.00-Y101.70


At 12:30 GMT , Canada announces the change of volume production shipments in February , while the U.S. will release the consumer price index for March and Empire Manufacturing manufacturing index for April. At 13:00 GMT the United States , there are data on the net volume of purchases of long-term U.S. securities by foreign investors and the total net volume of purchases of U.S. securities by foreign investors in February. At 14:00 GMT the United States will present housing market index from the NAHB for April. At 20:30 GMT the United States will declare to the change in stocks of crude oil , according to the API for April. At 22:45 GMT New Zealand's consumer price index will be released in the 1st quarter .

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