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EUR / USD is in up trend today currently shared 1.4779, instead GBP / USD is in trading range, the movements of this currency pair are alternating upward and downward. The most important news of the day is: Pending home sales, analysts expect a variation of 0.2%, but in the last month we had a variation of 6.2%. Another news impact for the markets is: ISM Manufacturing PMI, analysts expect a rise in value over last month, it is confirmed the trend of recent months, the news will be released at 10:00am.

This night the time changes in Amercia and Canada, so we have a new alignment between the European and U.S. markets, EUR / USD trend has been downward over the past week to close at 1.4731, losing over 300 pips than the maximum 1.5. GBP / USD has had an initial upward trend, but closed the week losing a bit of pips at 1.64, tomorrow is holiday in Japan.

The most important news of day for the U.S. dollar will cover the expense of consumers, in particular we have two data relese: Core PCE Price Index and Personal Spending, Core PCE Price Index is an indicator of inflation that measures the change in the prices of products bought by consumers exception of the more volatility, such as food and energy, analysts expect a slight increase. The most important news is personal spending, on consumer spending, the figure expected by analysts is very poor -0.4%, however in the last month we had an increase of 1.3%, if the news (-0.4%) would be confirmed, the dollar should weaken.

Today we will have a preliminary version of the GDP of the United States of America English, the forecast is good, analysts expect an increase of +3.2% the previous data was -0.7%, if this data were to confirm the economic outlook are improving and the money that the government has sown, they are working. Other reports of high impact is unemployment claims, analysts expect a reduction of 522k jobs, the only thing that doesn’t makes us hope for an economic recovery remains unemployment.

Eur / usd is in the downward trend after the maximum at 1.5, which is currently exchanged at 1.4788, but GBP / USD moves in a channel between 1.64 and 1.63, confidence in the economy declined in the last period, even because the stock market are too advanced and there is the fear that the rise has occurred in recent months is false, because the employment data continue to deteriorate. The most important news of the day for the U.S. dollar are: Core Durable Goods Orders, New Home Sales, according to analysts’ forecasts, the real estate market and orders of durable goods industry have improved during the previous month, this news are high impact for usd dollar.

The most important news of the day for the U.S. dollar is CB Consumer Confidence, which is a composite index obtained by administering questionnaires to 5,000 families, to which questions are asked about their current and future economic conditions, concern in particular the work and their ability spending. This indicator is great for measuring consumer confidence,consumers more trust about economy and more likely to spend it money. Analysts expect a level of 53.7, in line with the value of the previous month, a better data lead to the strengthening of the dollar, otherwise to its weakening.

Today the economic calendar has a few major events, so the market movements will be directed only from the analysis technique. eur / usd exchange at this time to 1.5029 above the psychological threshold of 1.5, but at this time than the maximum of 1.5060 proceeds downward, yet the market is not ready to be able to absorb this level of exchange. Gbp / usd exchange to 1.63, it is in downward trend at moment; interesting is the exchange rate of EUR / GBP 0.92, which if it will continue the upward trend, this currency pair could rise to equal, producing a huge writedown the UK pound.

Today in Europe we came out of the system Daylight Saving Time Shift, and the clocks were brought back one hour. Therefore we Europeans have to adjust the calendar of events bringing macroeconomic hour behind the normal pattern. But in America and Canada, this adjustment will be made the first time in November, and until then there will be a bit of confusion in the hours of trading and there will be some anomalies in relation to the normal trading of the day, because the contract would open an hour earlier than expected, as all news for us Europeans will be released an hour ahead of schedule.

The most important news of the day as every Thursday and unemployment claims, analysts’ forecasts are in line with those of previous months, it is expected a loss of 516k jobs, it is a given negative because they still not improving economy in the short term with regard to the labor market, with a forecast like that, the dollar could weaken further than other currency pairs, they might find the push to break any resistance.

The currency pair gbp / usd, compared to other currency pairs has undertaken a great upside, but other currency pairs have fallen behind with regard EUR / USD is moving in the trading range near 1.5 in waiting for the right time to overcome this threshold, but maybe there will be a correction. Today there is no news that could have a big impact during the trading hours of the markets. Today we have for the dollar: Crude Oil Inventories, but it will be interesting to read the Beige Book in the evening to see the forecasts up to 6 months on the economy.