Hello.Let's see what's on the Forex market for the first day of autumn, 1.09.2015
Calendar anticipated events
11:30 UK.index of business activity in the manufacturing sector (PMI, aug.) Outlook: \\ 52.0 Previous: 51.9
15:30 Canada.GDP (m \ m, June).Forecast: 0.2% \\ Previous: -0.2%
17:00 US.index of business activity in the manufacturing sector from the ISM (August).Forecast: \\ 52.6 Previous: 52.7
on EURUSD pair price went up to the level of 1.1160 and bounced formed a pattern of inner bar.Perhaps the beginning of a correction after a long fall, and rise to the level of 1.1457.The deal on the pattern recommended go gently.
on a pair USDJPY price screwed to the district level and formed a 120.763 pattern inner bar.Perhaps follow the continued growth and further resumption of uptrend.The deal on the pattern recommended go gently.
On EURAUD pair formed a price pattern absorption.But Paterna in the way of an obstacle in the form of a level of 1.57727.T
steep drop West Texas Intermediate crude oil price in Augusta, encourages financial officials to revise their forecasts for the remainder of the fiscal when.
NDP spokesman on financial matters Rachel Notley predicts that the year will end with a deficit of $ 5.9 billion. For $ 814 million. More than expected in March 2015.
previous forecast was acquitted for 30 July, when the price of WTI crude oil began to fall below $ 57.94 per barrel on average in April, May and June.
«Obviously, revenues fell even more during these recent weeks," said Finance Minister Joe Ceci."If current conditions continue, the final deficit will be in the range of $ 6.5 billion.»
Ceci said the ministry would seek new sources of revenue, but excluding the introduction of the provincial sales tax.It is also recommended that each ministry to look for ways to cut budgets.However, he said the government will not cut essential services or lay off thousands of state employees, such as teachers and doctors.
Eurozone inflation rate in the euro area remained unchanged in August, on the eve of the European Central Bank meeting later this week, which can be expected to arouse the appetite of policy makers for more aggressive easing of monetary policy.
Headline inflation in the 19 Eurozone countries remained unchanged at 0.2 percent at an annual pace this month, according to Eurostat's estimate, and corresponds to the July figure.
Core inflation, which does not include the price of food and energy, remained at the level of 1%.
ECB spent € 60bn on mostly government bonds per month, and plans to hold a similar procurement strategy up until September 2016.
«While inflation is low, or even negative rates it is a blessing for consumers, it can be a headache for the ECB," said Carsten Brzeski, economist at ING-DiBa Bank."Last fall in commodity prices could revive debate about the unsatisfactory pace of deflation."