MORE AMERICAN ECONOMIC optimism
USD recorded relatively strong appreciation versus the major currencies during last week trading session after the positive data of the US economy published, strengthen the assessment that economy, the world's largest stable growth in the second quarter. 15/07 trading sessions, the US dollar index measuring the strength of the greenback versus a basket of currencies rose 0.7% to 96.60 points.
The report of the US Department of Commerce announced on Friday said that retail sales 06/2016 US rose 0.6% in March, significantly higher than expected increase of 0.1% analysts and recognized for 3 consecutive months of increases. An informal poll in June showed US industrial output rose 0.6%, recorded the largest increase in 11 months. Besides, the consumer price index (CPI) rose 0.2% in June, the same as the increase in May showed inflation tends to go up.
The positive statistics of the US economy to promote gender investment return expectations the Fed will raise interest rates in the remaining months of this year. However, analysts believe that the Fed will continue to express cautious at the meeting held on 26-27 / 07 next. This agency will wait for an assessment of the impact of the UK leaving the European Union (EU) for the US economic outlook before making signal adjustments of interest rate policy.
The coup in Turkey United evening Friday, 7.15 was a key driver for gold prices to go up in the last session of the week. However, demand for haven assets diminished after the coup ended in failure gold prices fell back in early trading week. Analysts said that gold prices this week is likely to continue under pressure by the upward trend of the USD.
Economic Information notable this week as the PMI of the euro zone and results meeting of the European Central Bank (ECB). Analysts predict the ECB will not make any policy changes in this session. However, ECB President Mario Draghi might be open to a stimulus in the near future if the economic outlook deteriorated areas due Proposed referendum on United Kingdom membership of the European Union.
Although prices in the Friday session, but the pound still recorded a recovery from 31-year lows last week after the Bank of England kept interest rates at 0.5%, as opposed to the forecast rate cuts by analysts. Employment data and retail sales in June of England announced this week are expected to put pressure dropped again to GBP.
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