Market Focus - Ester Holdings

Market Focus

On Monday, March 19, 2013, the economic calendar wouldn’t be marked by a significant news background. Among all published data it is worth to highlight  data on trade balance of the Eurozone. The positive value of the trade balance indicates a trade surplus, while a foreign buyers should buy more euros for settlement on contracts, thereby supporting the single currency.

According to the forecast, in January the indicator was 23.6 billion euros, versus December’s value of 23.8 billion euros. If the forecast will be confirmed, the euro may be under slight pressure; In case of deviation of data within 5%, the euro may move within 30 points against competitors.

Alexander Sivtsov

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