News of the day. October 16, 2013

October 16, 2013

Today investors’ attention is draw to the Europe where September CPI of Eurozone and UK labour market data are going to be published.

Unemployment rate in Great Britain won’t probably change and will remain the same second month in a row at the level of 7.7%. This rate may be considered as positive, because annual trend is downward. Unemployment rate slowly decreases but it is still not enough to revise UK monetary policy. According to Mark Carney definitive level is 7.0%. If the forecast is true, the pair GBP/USD will go up to the levels of 1.6005 and even 1.6020.

Consumer Prices index of Eurozone, which is main indicator of the inflation, should decrease from 1.3% to 1.1%. Core CPI may also slightly decrease, causing EUR/USD to rise up to the level of 1.3540.

Among US macroeconomic stats the main for today is  Beige Book, the report of FRS on the state of American economic. The report is published eight time a year, it gathers the information from twelve Reserve Banks of the country and contains information on current economic conditions. This release may lead to QE programs reduction in USA.

Dmitriy Zolotov

Analyst of LiteForex Group of Companies

Publication source
LiteForex information  LiteForex reviews

September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...
September 21, 2016
Bank of Japan runs out of road
The Bank of Japan delivered a whole heap of nothing at its policy meeting today, although some adjustments were made to its policy framework. If you take the time to read through these measures, then the impression is of a central bank that has largely lost the monetary plot...

FxPro Rating
Orbex Rating
OctaFX Rating
FBS Rating Rating
Tickmill Rating

Anyoption Rating
IQ Option Rating
Banc De Binary Rating
OptionsXO Rating
EZTrader Rating
Grand Option Rating