As was largely predictable, the change euro-dollar already in the night he began to feel the blows of the electoral results in France and Greece. During the Asian session the European currency falls to share 1,2956 (from the highs, touched in the opening, a 1,3032), to the lows of the last three months.
The cross then moved sideways in the early hours of the night, almost fully regaining the opening drop and returning to the level 1,3012 pm 9.45, moment in which the publication of the data on the Spanish industrial production has once again pushed the single currency down: in Madrid, the index falls by two percentage points below forecasts, announcing a collapse in production, on an annual basis, of Present in several = 7,5%.
even the Sentix (the index that measures the expectations of entrepreneurs in the euro area for the next six months) stumbles well beyond expectations: the consensus figure, which predicted a decrease of 15,7 points, is largely surpassed downwards: the figure it collapses by 24,5 points, almost 10 below forecasts.
At this point the euro falls steeply returning to its level 1,3008 in a few minutes, with further downside prospects.
During the day, other data will influence the trend of the euro/dollar exchange rate: alle 12 progress will be known factory orders in Germany (expected to increase by 0,5%).
The the French auctions of 3,6 and 12 month BTFs on the other hand, they will constitute a valid thermometer of the mood of the markets after Hollande's victory in the second round, with a possible bearish outcome for the euro if rates result in a significant increase.
At 16, the US Employment Trend Index, which summarizes eight indicators on the US labor market, could further move the pair, but it remains difficult to predict in which direction, given the very high weight of European events on the markets. The same goes for US consumer credit: publication scheduled for 21pm.
