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Message: [QUOTE="Vistabrokers, post: 78441, member: 32993"] [B]Vista Brokers: Weak US Statistics did not Prevent Euro from Falling[/B] [IMG]http://s020.radikal.ru/i700/1502/60/138cb5111eaf.jpg[/IMG] On Friday a new round of Greece talks with international lenders will be held, and until these negotiations end, the EUR/USD will remain volatile. Vista Brokers analysts say that amid pessimistic expectations of investors on Wednesday, the euro was down, despite the fact that in the US a series of weak statistics was published. Thus, the volume of building permits in January fell by 0.7% (forecast + 1%), and the number of housing starts – by 2% (forecast -1.7%). The producer price index fell twice stronger than analysts had expected, and the same index, but excluding prices for food and energy showed a drop of 0.1% instead of growth by the same amount. Weaker than expected also was the data on changes in the volume of industrial production and capacity utilization. However, the single currency remained under pressure looking forward for the decision of the "Greek problem". Recall that on Friday is the deadline for filing an application for an extension of Greece existing international bailout, which will be completed at the end of the month. Analysts say that perhaps Athens will ask about the short-term extension of the program today. Such an action would help the government to buy time for new negotiations that will eventually lead to the cancellation of austerity measures, as Greece hopes. Earlier, lenders have rejected proposals by the Greek authorities, but everyone understands that time is running out, and therefore, it is likely that a compromise will still be found in the near future. [/QUOTE]

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