DAILY ANALYSIS for 18 Maret 2014

Asian and European trading sessions:

Euro: The euro exchange rate rose sharply against the dollar, but could not resist the vicinity of achieved values ??, and fell to session lows. Initially influenced the course of trading weak data for the euro area and Germany, but active buying dips and words of Russian President Putin promoted a marked increase. Nevertheless, submitted after U.S. data brought back euro to previous levels. As for the data, they showed that the economic expectations for Germany deteriorated significantly in March, beating forecasts while most experts. It became known from the results of recent studies that were presented today by the Centre for European Economic Research ZEW. According to the index of economic confidence fell this month to the level of 46.6 points, compared with 55.7 points in February. Many experts expect that this figure will drop to 52.8. Meanwhile, we note that the index of the current economic situation has improved to 51.3 points from 50 a month earlier. Nevertheless, it remained below the expected level of 52 points. Also, the data showed that economic expectations in the euro area declined by 7 points - to 61.5 points. In contrast, the current economic situation indicator increased by 3.5 points - to 36.7 points. Meanwhile, U.S. data showed that consumer price index rose by 0.1 % and building permits - to 1018 thousand units. The EUR / USD pair fell to $ 1.3890 during the European session.

British Pound: Pound weakened significantly against the U.S. dollar, updating intraday lows below $ 1.6600. Many market participants were waiting for speech of the Bank of England Governor Mark Carney. Next report will be a key labor market indicator, the report and the Bank of England meeting FOMC. The GBP / USD pair fell to $ 1.6575 during the European session.

Japanese Yen: The yen was trading with a noticeable increase against the U.S. dollar. Markets continued to play up the theme of the Crimea, and according to recent reports, Russian President Vladimir Putin signed a decree recognizing the Republic of Crimea as a sovereign and independent state, which created prerequisites for joining the peninsula to Russia. In light of the current situation, the EU and the United States imposed sanctions against certain officials of Russia and Ukraine, the number reached 21 people. According to Europe and America, these people are guilty of infringing on the sovereignty of Ukraine. In this list of Russian President Vladimir Putin did not hit, although it is expected the introduction of further sanctions in the event of further intervention by Russia. Markets remained relatively calm and safe-haven rally stopped. In general, the market situation in the Crimea scenario assumes preservation “wait and see." The USD / JPY pair dropped to Y101.30 during the European session

American trading session:

U.S. Dollar: Meanwhile, U.S. data showed that consumer prices have not changed in February, which is a sign of restrained inflationary pressures in the economy. According to the report, the February consumer price index rose a seasonally adjusted 0.1 % compared with the previous month. Basic prices, which exclude volatile categories, namely, the price of food and energy, also rose by 0.1%. Last significance was in line with economists' forecasts. Meanwhile, it was reported that consumer prices rose by 1.1% compared to February last year. It was the weakest annual growth since October. Also figure was below 2 per cent target by the Federal Reserve System. Basic prices, meanwhile, rose by 1.6 % compared to last year. Economists were expecting an increase of 1.2% and 1.6%, respectively. At the same time, housing data indicate that adverse weather conditions seem to restrain the pace of housing starts in February, but the basic figures showed that the sector may be ready for spring rebound. This in his report informed the Ministry of Commerce. According to the data, bookmarks new homes in the U.S. fell last month by 0.2% to a seasonally adjusted annual rate reached 907 thousand slight deterioration occurred after construction fell by 11.2 % in January, although the rate for this month were revised upwards ( up to 910 thousand from 880 thousand ).

Canadian dollar: The Canadian dollar fell after comments from Bank of Canada Governor Steven runners pointed out the potential weakness of the Canadian economy in the first quarter of this year. Runner said that lag in real output in the economy from potential is unlikely to be closed for several years. Runner also noted that inflation in February was probably as weak GDP growth in the first quarter. Even so, he expects GDP growth this year and next above trend.

Gold: The price of gold declined a second consecutive session on a stronger dollar due to political instability in the Crimea and the West's reaction. The cost of the April gold futures dropped to $ 1351.00 per ounce on the COMEX today.

Oil: The cost of oil brand West Texas Intermediate raised for the third time in four days after data showed that the U.S. housing market stabilizes. April futures price for WTI oil fell to $ 99.30 a barrel on the NYMEX.