Results of the last trading day:
On Friday, 23 March, the euro trades in the growth. The euro strengthened against the dollar to 1.2372. Catalyst increase of quotations was widespread weakening of the US currency and the flight to safety assets (the yen, franc bonds) amid escalating trade conflict between the United States and China. The yield on 10-year US government bonds fell from $ 2.85 to $ 2.80.
US President D.Tramp announced the import tariffs on Chinese goods at $ 50 billion. Investors are awaiting response from China against US products.
Published US statistics:
orders index for durable goods in the US in February was 3.1% (forecast was 3.1%, previous -3.5%).
The number of sales of new homes in the US in February amounted to 618 thousand. (Forecast was 618 thousand., The previous value of 622 thousand.).
Planned statistics (GMT +3):
09:45 France will report on changes in GDP for the 4th quarter.
At 11:30 Britain will declare a change of approved applications for mortgage loans on the BBA figures for February.
At 12:30 will make a speech Bundesbank President Weidmann
At 15:30 the US will present the economic activity index from the Federal Reserve Bank of Chicago in February.
At 19:30 he will make a speech FOMC member Dudley.
At 23:30 a speech made by members of FOMC Mester.
Fig. 1 euro / dollar, hour period. Data source: TradingView
Expectations with the growth of the euro to 67-th degree (1.2368) were justified, and with a return to 1.2317 - no. External background to keep the price above 1.2350.
In Asia, buyers updated Friday's high, but to break the trend line from 1.2556 (Feb 16) failed. At the time of writing, the euro is worth 1.2379 review.
In early trading in Europe, according to the forecast increase in prices considered to 1.2389, but this is optional. Waiting a downward correction to be 45 degrees (1.2325) 1.2381 from the top. The economic calendar is empty. Noise from the statistics money had to be, so expect to see the growth of the movement against Friday.
Vladislav Antonov Alpari