The Euro finished Monday growth

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Monday, February 26, bidding on the Euro resulted in the growth. In the European session Euro rose against the dollar to 1,2355, and to the speech of the ECB President Mario Draghi weakened to 1,2278. His speech in the European Parliament does not have a noticeable impact on the currency market, as anything new, he said. Draghi reiterated that the extension of the QE program at the meeting was not discussed, and inflation is still dependent on the stimulus of the ECB.
The Euro has turned up after the publication of weak data on the real estate market. Us stock indices closed in the green more than 1%. 10 of the 11 sectors in the S&P 500. Judging by the growth indices, investors are concerned about the possible acceleration of inflation and the upcoming rate hikes in the country. Interestingly, the dollar weakened with the growth of yields on 10-year bonds. There are such differences.
New home sales in the U.S. in January fell by 7.8% to 593 thousand (the forecast was 655 thousand, the previous value revised to 625 thousand to 643 thousand). The median home price was $323 thousand, the Index of business activity in the United States according to Federal reserve Bank of Chicago in January decreased to 0.12 points from 0.14 points in December.
On Tuesday, February 27, in the Asian session, the Euro is trading in positive territory. At the time of writing the Euro is worth 1,2328. According to the forecast the increase in prices to 1,2361 and their subsequent fall in the area 1,2318. And fall to 1,2296 falls on Asia environment.
Today the focus of market participants performance of Jerome Powell as the new head of the U.S. Federal reserve before the Committee on financial services of the house of representatives of the Congress of the United States. Traders and investors hope to hear its comments on monetary policy and the economy. Do not forget also about the upcoming parliamentary elections in Italy on Sunday.
At 12:00 GMT Eurozone will present data on changes in the monetary aggregate M3 and lending to private sector in January.
At 13:00 GMT Eurozone will release the consumer confidence index, the index of business optimism in the industry, the index of sentiment in the economy, the index of business sentiment for February.
At 16:00 GMT Germany will present consumer price index for February.
At 16:30 GMT the U.S. will report the volume of orders for durable goods and balance of foreign trade in goods for January.
At 16:30 in the United States to join the fed’s Jerome Powell.
At 17:00 GMT the U.S. will release the index of housing prices for December.
At 18:00 GMT the US will release consumer confidence and manufacturing index from the Richmond Federal reserve in February.
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Vladislav Antonov,
Analyst
Alpari