Dealingové oddělení (Citfin - Finanční trhy a.s.)
Markets  |  September 07, 2010 09:12:07

The dollar strengthened back to $ 1.2800 / €


Overview of Monday's news

CR: industrial production in July rose by 0.3% mom, down by 5.3% (expected to grow by 7.5% y / y)

CR: retail sales in July fell by 1.3% mom, down by 1.0% (the expected stagnation)

CR: Foreign trade in July ended with a surplus of CZK 6.3 billion (7.0 billion people expected CZK)

CR: Construction production in July fell by 4.5%

Rate of the euro on Monday: crown weakened slightly over 24.70 CZK / EUR

Monday's trading was almost no movement. The Crown has stagnated around the level of 24.70 CZK / EUR.

Not much is not reflected in the exchange rate or important figures of the domestic economy. Published industrial production, retail sales and foreign trade.All statistics came out slightly worse than market expectations has been set. Yet the crown did not record any significant loss, is still more influenced by developments in the world.

Overview of today's data

9:00 Hungary: Foreign Trade, July

10:00 CR: current account balance in 2Q

14:00 Poland: Negotiations on interest rates

Prerequisite for the day

Today's statistics on current account markets is likely to pass unnoticed. More important for the crown will be published tomorrow outcome 2Q GDP and unemployment in August. For today, but we expect that it should keep the crown again in a narrow band above the level of 24.70 CZK / EUR.


Overview of Monday's news

Eurozone: Consumer confidence fell in September SenTix to 7.6 points, expected to grow to 9.0 points

Dollar on Monday:Crown fell to 19.20 CZK / USD

Yesterday was a holiday in the U.S., markets were closed and this is reflected in an afternoon activity, which was very weak. Dollar against the euro zkorigoval only slightly from the morning level at 1.2910 USD / EUR at $ 1.2870 / €. Crown gave thanks to the profits of the afternoon and traded at 19.20 CZK / USD.

This morning the dollar starts trading but still stronger at 1.2800 USD / EUR. Crown and enters Tuesday's trading slightly weaker at 19.30 CZK / USD.

Consumer confidence in the euro area had no effect on trade.

Overview of today's data

12:00 Germany: corporate orders for July

23:00 U.S.: Consumer confidence at 5 ABC September

Prerequisite for the day

Today, we again expect no important numbers. Only in Germany will be made public and corporate orders late in the evening from the U.S. consumer confidence. Further strengthening of the dollar would still not be particularly striking. We assume that the course could now stabilize around the $ 1.2800 / €.


Business orders

This information is published each month. Its importance and audience lies in its close relation to GDP growth. Business orders show the activity of industrial enterprises in the economy. If the enterprise orders declining, it is likely that their reduced activity will have an impact on GDP.

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