BOSSA.CZ (BOSSA.CZ)
Currencies  |  December 07, 2012 16:29:34

Euro finally zmazalo its gains this week


Europe

President of the European Central Bank (ECB) Mario Draghi, in his speech today called on countries that are going to join the euro area (the euro), to learn of the problems that currently afflict a monetary union.
"Current problems of some eurozone members serve as a warning signal to those countries that are committed to the future adoption of the euro," said Draghi.
17 countries of the euro area economy in the third quarter was in recession. ECB must now work on a strategy to get the economy into expansion and how to save the common currency.
Draghi also said that the current crisis has provided a lesson from which it is necessary to draw the political consequences. Euro under Draghi needs a strong central bank in cooperation with strong European institutions, which corresponds with the views of European peaks of deepening integration.
Eurozone today, helped by news of her biggest economy. German Central Bank lowered due to the debt crisis and economic downturn in the euro area growth outlook for the German economy this year to 0.7 percent from the current one percent forecast. Next year, growth should slow down even more, at 0.4 percent.

Euro continues today in strong sales. Returned to the level of 1.2900, and thus formed the 6-day minimum.

USA

The most anticipated release of the NFP report or the monthly change in jobs outside of agriculture confirmed negative estimates of the U.S. labor market in November, what was most analysts' expectations. The U.S. economy hit by storms last month, Sandy finally created 146,000 new jobs outside the agricultural sector. The unemployment rate also exceeded all expectations and achieved the best result in the last four years, and 7.7 percent.
Average hourly earnings in the U.S. increased from 23.59 dollars to 23.63 dollars and the average number of hours worked per week remained at 34.4 hours.
It is remarkable how the United States deal with the aftermath of storms Sandy for such a short time. In terms of fundamental analysis is a signal to strengthen the dollar.
The Eurodollar chart shows today's ongoing sale of the euro. It loses the morning and have already surpassed the 50th Fibonacci levels Thanks to reports from the U.S. economy today probably look even lower. The nearest support is 61.8 Fibonacci level and price of 1.2840.



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Euro definitivně zmazalo své zisky z tohoto týdne (1)

Diskuze a názory uživatelů na téma: Euro definitivně zmazalo své zisky z tohoto týdne
09.12. 00:51  aha (Milda)

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