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Message: [QUOTE="MasterForex Broker, post: 61891, member: 16067"] [size=2][b]Overview of the main economical events of the current day - 23/04/2014[/b] [color="#4169E1"][b]The Australian Dollar Sharply Dropped Amid Inflation Rate Data[/b][/color][/size] On Tuesday 22 April the US dollar was traded slightly downwards vs. most major currencies amid persisting fall of Existing Home Sales in the USA. The euro and the pound sterling were traded upwards. The Australian dollar sharply dropped after the release of weak Inflation Rate report in Australia. The US dollar decreased vs. the euro, the pound sterling, the Australian dollar, and the New Zealand dollar; increased vs. the Canadian dollar ad had almost no changes vs. the yen and the Swiss franc. The US dollar gained back part of the losses against the euro after the release of Housing Market data, which appeared to be better than expected. Existing Home Sales in the USA decreased in March by 0.2% in comparison with the previous month – to 4.59 m of houses, whereas decrease by 0.9% m/m was expected. Sales stayed at the lowest level since July 2012 as it was in the previous month – and they decrease for seven months in a row from the last eight months. Persistent fall of Existing Home Sales points that the recovery of Housing Market will be slower than it was expected earlier. [center] [IMG]http://masterforex.com/useruploads/images/mar_ehs.png[/IMG][/center] FHFA House Price Index increased in February by 0.6% m/m which coincided with the expectations. Richmond Manufacturing Index appeared to be better than forecasted – it increased to 7 p. in April against -7 p. in March, whereas growth only to 0 p. was expected. The Richmond Fed's regional manufacturing activity recovers after the reduction in February and March. On Tuesday the euro was traded upwardly amid increase of Consumer Sentiment in the Euro-zone, the pound sterling also strengthened its positions. Preliminary Consumer Confidence in the Euro-zone increased in April to -8.7 p. against -9.3 p. in March, having exceeded the expectations of growth to -9.1 p. The reading became the best since October 2007 before the financial crisis. Consumers of the Euro-zone started evaluating their prospects in a more optimistic way; improvement of the Labor Market situation promotes increase of confidence supporting the economy recovery. Construction volume in the Euro-zone increased in February by 0.1% m/m after the growth by 1.6% in January. Increase of Construction decelerated in February, though it continues for the third month in a row. ECB’s Benoit Coeure announced on Tuesday that ECB follows the euro’s course in order to evaluate the influence of persistent power of the European currency for the strong inflation rate in the Euro-zone. Citigroup estimates more than 50% possibility of ECB’s asset purchase this year. The Australian dollar strengthened its positions on Tuesday before the key Inflation Rate report in Australia. CB Leading Index increased in February by 0.3% m/m, the growth continues for the sixth month in a row. However Inflation data appeared to be worse than expected, and AUD sharply dropped. Consumer Price Index increased in the 1st quarter by 0.6% q/q, whereas growth by 0.8% was predicted. Preliminary HSBC Manufacturing PMI also increased in April less than expected (48.4 p.) – to 48.3 p. [center] [IMG]http://masterforex.com/useruploads/images/apr_au_cpi.png[/IMG][/center] The Canadian dollar slightly decreased after the release of the US data, which appeared to be better than expected. CAD had almost no reaction for Wholesale Sales data in Canada, which exceeded the expectations. Wholesales Sales increased in February by 1.1% m/m against the expectations of growth by 0.7%. The growth rate appeared to be the highest for over seven months. [/QUOTE]

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