Bernanke's testimony to influence market focus to economic fundamentals

O wisdom news agency, July 19 - mike, overnight better-than-expected U.S. economic data but no new federal reserve chairman Ben bernanke's testimony to speak, the market is gradually digestion policy expectations, the dollar index overnight at high after 83 mark again pared gains. And U.S. companies from beautiful, said the s&p hit a record high.
Overnight the us initial jobless claims last week released significantly better than expected, change a swooning state before, soothe investor worries about U.S. job market recovery; In July also released overnight Philadelphia fed's manufacturing index is significantly better Carbon steel elbow 180 Degree a234 wpb than expected, data set a the biggest gain since 2003, suggests that American manufacturing is accelerating recovery.

And Mr Bernanke's testimony, and basic there was no difference on Wednesday, the market gradually turned its focus to economic fundamentals. Bernanke mentioned for many times, whether out of quantitative easing (qe), the key lies in the performance of the us economy.

Overnight ratings agency moody's confirmed the U.S. AAA credit rating, at the same time the prospect raised to 1/2 inch Seamless Steel Pipe ASTM A53 SCH40 stable from negative, but the influence on currency co., LTD.
IMF chief Christine lagarde, said the European central bank's Arsenal have weapons, can be used when necessary. Meaning if you need, the European central bank could take more measures. Weak this seems to suggest that, if the eurozone's economic recovery and follow-up could also take further policy easing.

Market lacks key data today, the city proper may focus on Japan all industrial activity index, synchronous indicators may 1/2"-48" ERW carbon steel pipe ASTM A106/A53 lead/final value.

European plate before proper attention to Italy in May industrial orders and sales data, German producer prices in June. European time focus on the UK public sector balance may short and public sector net borrowing data in May.

Night need to focus on Canada June's consumer price index, if the data changed little, estimate the influence of the Canadian dollar against the dollar will be limited.
The G20 finance ministers and central bank governor, is the focus of the conference, the parties to the current global economic situation, meeting to end on July 20, the influence on currency or next week.