Ukrainian Globalist

Euro declines with great speed after reports that the stress tests for banks in the EU were easier than expected. As noted by Citigroup currency analysts, if this information is confirmed, the euro has become an exile in the foreign exchange market. Meanwhile, dealers noted interest in the euro / dollar in the area below 1.2800. The results of stress tests for European banks will be announced this evening.

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Pound / dollar has sought a foothold in the field of 1.5400 against the backdrop of positive economic data. Support will now be provided at the level of 1.5350.

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UBS notes, that the pound will continue to rise against the dollar today. Pound / dollar rate rose 50 basis points from 1.5343 marks after stronger GDP data for the second quarter than expected. As a result of significant sales, which began with the growth of couples to new highs, the pound / dollar rolled back to 1.5375.

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BNP Paribas has lowered forecasts for the dollar against the euro against the background of the negative prospects for the U.S. economy made by the Fed, as well as the positive expectation of the results of stress tests of European banks.

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Currency exchange rates remain stable today. Single European currency continues to meet the interest in buying on the decline, but the Bulls still are not rushing to develop counter-attack, and dealers acknowledge the risk of increasing pressure on the couple in the short term, given the nervousness of investors on the eve of the publication of stress tests, especially since the euro is trading not too far from highs of the week.

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The pound exchange rate increases today. Pound / dollar continues to consolidate into a shrinking range, steady yesterday in early European session, and is currently trading near $ 1.5275, feeling the pressure if Offered at $ 1.5280/85, while the support it has received bids of $ 1.5255/50.

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The dollar exchange rate may fall. Foreign currency analyst at Barclays Capital expect to reduce the dollar / yen in the short term and indicate a negative a light.

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According to UniCredit currency analysts, trading the euro / dollar today is still volatile and nervous after the speech of Ben Bernanke and weak auctions of government bonds in anticipation of the euro area long-awaited results of stress tests.

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Canada’s largest natural gas producer EnCana said net loss in the second quarter totaled $ 505 million or 68 cents a share, compared with a profit of $ 239 million, or 32 cents a share a year earlier. The production of natural gas reached 3.2 billion cubic feet per day compared with 2.9 billion cubic feet per day a year earlier.

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Dollar exchange rate grows as the pound falls to record low today. Pound / dollar continues corrective rollback and has already struck at the support level of 1.5220.

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