The Euro is recovering after yesterday’s failure

  • And
  • +A

On Tuesday, January 15, at the end of the day the Euro fell against the US dollar to 1,1382. High volatility was observed in the second half of the day. The British Parliament did not accept the agreement Brexit prepared by the government of Prime Minister Theresa may. For the agreement voted 202 deputies, against – 432. As the pound fell against the dollar before the announcement of the results, after these he strengthened with 1,2669 to 1,2880 (+211).
In the British news of the cross Euro/pound fell 135 points, giving a basic pair Euro/dollar. Market participants even ignored the other important news that the leader of the labour party and the opposition Jeremy Corbyn begins the process of debate on the censure motion Theresa may.
Today the scenario is seen for correction to the balance line on 1,1435. The faster the price will recover to the balance line, the lower the probability of continuation of the rally above 1,1460 and above the rebound from her. Most major currencies are trading in positive territory to the United States dollar. In the crosses with the Euro all bad. In Alliance with customers is one Euro/franc. If the price goes according to the forecast, on Thursday we can expect recovery to 1,1485.
At 12:30 GMT United Kingdom will publish the consumer price index, retail price index, the index of production and index of producer prices for December.
At 16:30 GMT United States will present data on retail sales for December and will release the index of import prices for December, at 17:00 – changing the amount of reserves in commercial warehouses for November and will present housing market index from the NAHB in January.
At 18:30 GMT US Department of energy will release its report on oil reserves in the country.
At 22:00 in the U.S. will be published the economic survey of the fed’s regions “Beige Book.”
________________
Vladislav Antonov,
Analytic information-analytical center,
Alpari