Euro: The EUR / USD pair rose to $ 1.3075 level due to presented by international agency Moody 's Investors Service today’s information showed that the Germany's sovereign rating remained unchanged - at' AAA ' thus confirming the highly competitiveness of the German economy of and a high level of investor confidence in it. Although the sovereign rating received a "negative "outlook the high level of investor confidence is still based on an advanced, diversified economy and a great track record of macroeconomic stability policy, which is reflected in the very low cost of debt financing. The trading dynamics of the currency were also supported by the positive results of the auction for 5 - year bonds of France where the low record level of yield of 0.73% was recorded. Today, also, Spain held an auction for 3 -, 5 - and 10- year government bonds and was able to attract the amount of €4.71 billion, exceeding the target range of 3.5-3.5 billion were an average yields showed also some decline.
British Pound: The GBP / USD pair dropped to $ 1.5215, after rose to $ 1.5296 during the European session. The pound’s fell happened after the data from the Office for National Statistics showed that in March the volume of retail sales in the UK fell markedly, which brought evidence of instability of the consumers’ finances and weak prospects for sustainable, long-term economic recovery. The volume of sales, however, increased in the first quarter of this year due to strong increase store sales in February. The economists pointed out that these data supported the tentative signs that the UK can avoid a return to recession for the third time in five years. In details, in March retail sales fell by 0.7% compared to February and were up 0.5% compared with the same month a year earlier where the average estimates of experts was that the values would be reduced by 0.3% and 0.4%, respectively. The level of annual sales for the previous month was revised down to growth of 2.5%, compared to the initial estimate of 2.6% increase.
Australian Dollar: The Australian dollar retreated from month lows after the release of statistics on the real estate market in China. The government of China which monitors the index of house prices informed that the index rose in 68 of the 70 cities of China.
New Zealand Dollar: The New Zealand dollar rose on positive report from the Bank of New Zealand. In March, the number of announcements of new jobs increased by 0.7 % confirming its second consecutive month of growth.
American trading session:
U.S. Dollar: The published by the Federal Reserve Bank of Philadelphia report, revealed today that the business activity among manufacturers located in Philadelphia region declined this month, but still remained in expansion. The Philadelphia Fed manufacturing index fell in April to the level of 1.3, compared with growth in February to the level of 2.0 and surprised many economists who forecasted the average rise of the value to the level of 3.1.
Euro: The euro in this session declined against its competitors on an ambiguous statistics and some rumors that came out during the trading hours. The rumors that the Societe Generale has suffered heavy losses caused panic in the financial markets. After these rumors were denied by SocGen, the EUR / USD pair fond support at the 1.3046 level.
Gold: The price of the June gold futures rose to 1402.5 dollars per ounce on COMEX today. The prices were able to recover nearly 3% after big sell-off happened couple days ago where the prices dropped due to decline in world markets amid prospects of slowing of the inflation and fears that gold will be sold by central banks.
Oil: The cost of oil rose today from its four-month lows against the successful results of the Spanish bond auction and the strengthening of the euro against the dollar. The cost of WTI May futures rose to 88.60 dollars a barrel on the NYMEX.
