GBPUSD Pound is stable at least 11 months

GBP / USD: The Pound is stable at least 11 months

On Monday afternoon a couple
GBP / USD It is evaluated as stable, lb
It is trading near 11-month low
against the dollar. positive data
of US jobs, published
Friday, increased the likelihood of early
Fed raising interest rates.

GBP / USD pair is trading
now at 1.5971, slightly higher
Friday’s low of 1.5950 (at least with
November 2013).,

On Friday, reports emerged
US Department of Labor, in which
It reported that the economy added
248 thousand., As jobs in September
It predicted only 215 thousand. Thus,
unemployment rate decreased from 6.0% to
5.9%.

Meanwhile, the pound fell
against the euro and the pair EUR / GBP now traded
at the level of 0.7852, slightly above 0.7835
(Friday level).

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Sell ​​ruble to buy pound

Sell ​​ruble to buy a pound

Monday
It was pretty quiet, despite the publication of a series of business reports
Activity in the manufacturing sector and the service sector. It is worth noting that
indicators in general were higher than forecasts, and in China, and Europe. but
we have to admit that the Chinese PMI reached a six-month low and still
It remains below the level of 50-item, which indicates a further cooling
economy. Surprisingly, even a fairly strong UK data could not
just give GBP / USD pulse to rise, but the second approach couple all
It is able to pass 1.44 and touch 1.4444. In addition, it is worth noting a sharp jump
demand for New Zealand kiwi on triggering stops – NZD / USD grown
to 0.6556.

stock
indexes under pressure again, although the US benchmarks were still able to go to the
a plus. Commodity markets have played a significant role, as again hit
under pressure. Brent down below 34.00 dollars. / bbl. WOlot
has grown to $ 1129 per ounce.
Continued on site GK FOREX CLUB

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Dollar continues to rise reaching fresh 2 week

The dollar continues to rise, reaching a fresh 2-week high

On Monday, the dollar continues to rise against a basket of major currencies, hitting a fresh two-week high on Friday’s publication of positive data on US inflation, continues to support the US currency.

USD / JPY The pair has risen by 0.50% to 113.22.

The dollar was supported after data on Friday showing that core inflation rose in January at the fastest pace in four years, and to strengthen the assumption that the Federal Reserve is likely to continue to tighten monetary policy this year.

The EUR / USD fell by 0.92% to 1.1029.

The euro fell after Markit said the composite index of business activity in the euro area (for the manufacturing and service sectors), fell in February to a 13-month low of 53.0 from 53.6 in January values. Economists had forecast 53.3.

The report came shortly after other data showed that French private sector activity fell last month to reduce the territory, while business activity in Germany grew at the slowest pace in seven months.

These have increased the pressure on the European Central Bank, to the intensified measures to strengthen growth in the region.

The dollar rose against the pound and the Swiss franc, with GBP / USDsnizilas 2.17% to six-year low 1.4093 and the pair USD / CHF rose 0.77% to 0.9982.

The pound came under pressure of large-scale sales in the sudden decision of the mayor of London Borisa Dzhonsona to support the campaign to overcome the UK from the European Union.

On Friday, British Prime Minister David Cameron has reached an agreement with the EU leaders to empower the country’s special status in the unit is now allowing appoint a referendum on Britain’s membership of the EU on June 23.

However, on Sunday, Mayor Boris Johnson said he would support a campaign to overcome, arguing that it is a chance to “vote for real change.”

This statement is a serious blow to the campaign the prime minister, the speaker for his country to remain within the EU.

Later today Devid Kemeron will present to the deputies his argument in favor of a finding of the UK as part of the reformed unit.

Meanwhile, Australian and New Zealand dollars grow pair AUD / USDpodnyalas 0.64% to 0.7197 and a pair NZD / USD increased by 0.71% to 0.6679.

Pair USD / CAD fell 0.37% to 1.3713.

Commodity currencies have been supported since Monday oil prices back towards $ 33 a barrel amid reduced concerns about the oversupply of raw materials in the world.

USD index, which indicates the ratio of the dollar against a basket of major currencies, was up 0.88% to 97.48, reaching the highest level since February 3.

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