News of the day. November 04, 2013

November 4, 2013

Today investors’ attention will turn onto European news. Producer price index in Eurozone for September will be published.

Producer price index indicates changes in price of industrial products, which is sold in bulk. Index incorporates the price of the raw materials, semi-manufactured goods, parts, labour and, which is most important, the price of the final products ready for consumption. According to experts the index can increase by 0.2%. Although it is not a considerable change, during the summer the index varied in the range of 0.0-0.3%, nevertheless, it may put European currency under pressure.

Based on experts’ forecast, we can expect slight weakening of Euro against major counterparts. Currency pair EUR/USD is likely to drop to the level of 1.3460.

Dmitriy Zolotov
Analyst of LiteForex Group of Companies

Publication source
LiteForex information  LiteForex reviews

September 28, 2016
US presidential debate moves unwind
The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...
September 27, 2016
Markets start last week of September on the back foot
It hasn't been a great start for global equities in this last week of September, with European indices dropping between 1.0 to 1.5 per cent during Monday’s morning session, mirroring a similar performance in Chinese and Japanese markets overnight...
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...

Orbex Rating
Vantage FX Rating
OANDA Rating
FBS Rating
HYCM Rating
FOREX.com Rating

Binary Brokerz Rating
Empire Option Rating
EZTrader Rating
OptionRally Rating
OptionTrade Rating
24option Rating