U.S. economic data released last week total close to expectations. The most important data that were better than expected are: net inflows of foreign capital into U.S. Treasury bonds issued long-term 85.10 to 46.70 and 28.9 estimate compared to the previous month, indicating the high level of long-term investments in the United States by foreign countries. Building permits for new housing exported 0.64 million compared to 0.56 million and 0.54 million the previous month. Existing Home Sales Index, which determines the annual level of existing houses sold in the past month issued 5.28 million compared to 4.80 million and 4.70 million the previous month. Initial Jobless Claims also recorded a decline indicating a slight recovery of the U.S. economy compared to the previous month. Overall, the U.S. economy improved record everything related to real estate and unemployment.
Will be issued several important economic data this week, led by consumer confidence index, new home sales index, interest rate decision, complaints unemployment rate and finally on Friday, the GDP index.
European Union
Has not made many of the economic data in Europe last week. The most important data that were issued were positive, including confidence index ZEW of the German economy, which reflects the difference between the number of investors optimists and the number of investors are pessimistic as released 15.40 vs. estimate 6.30 Hence we saw rose today the euro against most major currencies until the end of last week. Among the important data to be released In Europe this week, the PMI for both Germany and France and the level of money supply M3.
Australia
Did not issue any economic data last week significance in Australia either the main factor that impact on the economy is not necessarily a given economic, but the floods which caused damage to manufacturing and export of Australia and the Australian Government still does not know the exact result of the floods on the economy. After the disaster will clarify the picture and will be reflected on the Australian dollar and gold, of course. As for the Australian dollar has recorded lower against most major currencies.
Stock markets
United States
Began trading stock markets on Tuesday due to a bank holiday in the United States on Monday, which is usually the first day for تدوال and this has been characterized by low liquidity markets.
NASDAQ (NASDAQ) opened the session and close the level of 2,744.80 2,689.54 has no record decline of 2.01-percent. Despite the good economic data released, the dollar index value of -1.51% decline.
European Union
Opened the German DAX (DAX) at the level of 7,072.75 and closed the session at the level of 7,062.42 any impairment -0.146%, while the French CAC 40 opened (cac40) at the level of 3,984.09 and closed session at 4,017.45 0.837% rise.
Britain
Began last week in Britain with data is positive, the consumer price index and the rate of change in complaints of unemployment in Britain who scored low rate of complaints in Britain decline by 4100 versus forecasts pointed to a loss in 1400 was recorded FTSE (FTSE) high to reach the summit and the resistance level is 3590, which was trading higher than a month ago October 2008. After arriving this summit, we saw a technical correction for the cursor back and score close the بمقربة 3543. In total, index registered a weekly decline by 0.46% -.
Currency Pairs Analysis
EUR / USD
The pair started down the first trading day of last week to come back and record heights with the end of the week, showing a significant increase last Friday (closed بمقربة level of 1.3620), which is supposed to keep investors on the direction revolutionary with the beginning of the week this week, does not show any of the indicators standard deviation or Overbought, the pair break through the resistance line بمقربة 1.3440 and the next so فاهداف pair are 1.3647 and 1.3749. الذان if the pair recorded a high higher them Vsedl that to complete the march rise up to the level of 1.4000.
GBP / USD
Continued to pair marched rise that began 3 weeks ago, where he scored continuous except for gains on Thursday as a result of good data in the United States (touched upon at the top), the pair closed بمقربة the first line of resistance 1.599. With the opening of the market this week will be easier to determine the direction of the pair, if the pair closed higher 1.599 in the first trading day, the possibility of continued rise be featured so highly 1.6090 resistance line. Reverse scenario indicates a technical correction represents a buying opportunity but it is difficult to determine to what extend this price correction.
EUR / AUD
Australian dollar sales seem obvious but certain pairs more profitable than others, the euro recorded notable gains this week possibility of buying the EUR / AUD looks attractive. The EUR / AUD record high 1.866%, or 252 points, the next resistance line be بمقربة to 1.3790, the pair acted beginning of the week could be a buying opportunity if the pair closed higher at 1.3790 level. If the pair closed down axis 1.3600 level, preferred to wait for data indicate the final flood bill.
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