Market news
28.02.2013, 13:21

European session: the euro fluctuated

06:45 Switzerland Gross Domestic Product (QoQ) Quarter IV +0.6% 0.0% +0.2%

06:45 Switzerland Gross Domestic Product (YoY) Quarter IV +1.2% +0.9% +1.4%

07:45 France Consumer spending January +0.2% -0.1% -0.8%

07:45 France Consumer spending, y/y January -0.1% 0.0% -0.2%

08:55 Germany Unemployment Change February -16 -5 -3

08:55 Germany Unemployment Rate s.a. February 6.8% 6.8% 6.9%

10:00 Eurozone Harmonized CPI January +0.4% -0.1% -0.1%

10:00 Eurozone Harmonized CPI, Y/Y (Finally) January +2.0% +2.0% +2.0%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y January +1.5% +1.5% +1.3%

13:00 Germany CPI, m/m (Preliminary) February -0.5% +0.7% +0.6%

13:00 Germany CPI, y/y (Preliminary) February +1.7% +1.7% +1.5

Euro fluctuates against the U.S. dollar amid mixed macroeconomic data and ongoing uncertainty in Italy.

Pressure on the euro was data on the labor market in Germany, according to which the number of unemployed in Germany in February rose to 3.156 million people, the highest level since March 2011, against 3.138 million in January.

A separate report showed that the annualized net Eurozone CPI rose 1.3% in January against 1.5% in December, according to Eurostat. According to forecasts of expected value unchanged. In monthly terms, CPI fell by 1% in January against 0.4% in December. Annual CPI rose 2% from 2.2% previously. Both results coincided with forecasts. In February, a preliminary index of consumer prices in Germany rose 0.6% m / m and 1.5% y / y vs. +0.7% and +1.6% respectively.

Euro retreated from session lows against the background of the ECB representative Novotny that "the dollar exchange rate against the euro is in the historic range, there is no reason for the intervention of nervousness." Nowotny also said that the economic situation has markedly improved compared to what it was a year ago.

Yen remains under pressure after Japanese Prime Minister Shinzo Abe today nominated to head the Central Bank Harika Kuroda, currently headed by the Asian Development Bank. In an interview on February 11, Kuroda said he was in favor of additional incentive programs this year, and noted that the central bank has "significant opportunities for this."

The focus of market participants out of the revised U.S. GDP data for the 4th quarter of 2012. Analysts predict that the U.S. economy will grow by 0.5%. Thus, GDP growth slowed down compared to GDP growth of 3.1% in the third quarter. Also today, a report will be published by U.S. Department of Labor on the number of initial claims for unemployment benefits. According to the median estimate of economists, the number of citizens who first applied for unemployment benefits last week, dropped to 360 thousand from 362 thousand


EUR / USD: during the European session the pair fell to the low of $ 1.3095 and then recovered in the area of ​​$ 1.3130


GBP / USD: during the European session, the pair rose to a new high of $ 1.5221

USD / JPY: during the European session, the pair is trading in the range of Y92.00-50


At 13:30 GMT, Canada will release the balance of the current account balance of payments for the 4th quarter and the index of commodity prices for January. At 13:30 GMT the U.S. will increase GDP by the specified data, the GDP price index, the index of personal consumption expenditures, the main index of personal consumption expenditures for the 4th quarter, the number of initial claims for unemployment insurance, the number of repeated applications for unemployment benefits, and at 14:45 GMT will be published on the Chicago PMI index for February. In Japan, 23:30 GMT will come changes in the volume level of household spending in January, the index of consumer prices in Tokyo, including excluding prices for fresh food, as well as excluding prices for food and energy in February, the consumer price index, including excluding prices for fresh food, as well as prices excluding food and energy prices in January, at 23:50 GMT will change in the volume of capital expenditure, excluding spending on software for the 4th quarter.

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