Market news
02.08.2012, 12:10

European session: euro rose

Data

01:30 Australia Retail sales (MoM) June +0.5% +0.6% +1.0%

01:30 Australia Retail Sales Y/Y June +3.3% +4.1%

01:30 Australia Trade Balance June -0.29 -0.38 +0.01

07:15 Switzerland Retail Sales Y/Y June +6.2% +3.6% +3.7%

07:30 Switzerland Manufacturing PMI July 48.1 47.2 48.6

08:30 United Kingdom PMI Construction July 48.2 48.3 50.9

09:00 Eurozone Producer Price Index, MoM June -0.5% -0.3% -0.5%

09:00 Eurozone Producer Price Index (YoY) June +2.3% +1.9% +1.8%

11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50% 0.50%

11:00 United Kingdom Asset Purchase Facility - 375 375 375

11:00 United Kingdom MPC Rate Statement -

11:45 Eurozone ECB Interest Rate Decision - 0.75% 0.75% 0.75%


The euro rose against the dollar and the yen, after yesterday's sharp fall. Market participants expect the press conference of the ECB, and hope that the president Mario Draghi will announce further actions necessary to protect the national currency. After the announcement of the ECB decision on interest rates, which remained at the same level as the euro surged against the dollar.

The pound fell against the euro, as the Committee of the Bank of England's monetary policy has kept the volume purchase program bonds and interest rate unchanged. The U.S. currency fell against 13 of the 16 major currencies after the Federal Reserve yesterday refrained from expanding monetary easing.

Australian dollar rose against the dollar after data released showed that the level of retail sales in Australia increased significantly ahead of expectations of analysts.

It also showed strong growth in the Swiss franc today. Rate rose against the dollar after the publication of positive data on retail sales and the index of business activity.


EUR/USD: steam during the session, shows a steady growth and is now trading in the region of maximum values ​​of the day

GBP/USD: steam in early trading session, with minimum values ​​of the previous day, but then rose sharply and traded at $ 1.5595

USD/JPY: a couple has fallen sharply and is now trading near the minimum values


At 12:30 GMT will be held monthly press conference of the ECB. At 12:30 GMT the United States publish data on the number of initial claims for unemployment insurance and the number of repeated applications for unemployment benefits in July. At 14:00 GMT the U.S. will announce the change of volume of production orders for June. Finished the day in 23:30 GMT Australia data by the index of activity in the service of the AiG in July.

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