American focus: USD continue to fall; FED can hint on rate pause. [М]

Dollar remains under pressure on speculation relating on today Ben Bernanke' speech. He can hint on pause in 23 month period of rate increases. Mark Olson and Randel Crossner also due to speak today. They are voting members of FOMC. USD has dropped against Euro on 7.9% and on 6.2% against JPY on expectations of faster growth after weak inflation PPI report and disappointed data of housing market. According to statistic in April PPI (PPI m/m диаграмма has grown up on 0.9% against 0.5% in March. Core PPI (PPI core диаграмма) except such volatile components like food and energy has increased last month on 0.1% just like month ago. Analytics forecasted growth of core index on 0.2%. Besides, in April shares Housing starts has dropped on 7.4% y/y to 1.849 mln y/y, Building permits - on 5.4% to 1.984 mln. Temporary support has rendered IP index (Ind. Product. диаграмма) in April on 0.8% in compare with March number +0.6%.
EUR was under pressure after weak ZEW report (Germany research institute). The index fell to 50.0 p. in April after 62.7 p. that is lower average forecast of analytics in 60 p. The Euro decrease was temporary owing to optimistic performances of official Europe. Christian Noyer, Member of Council ECB announced inflationary pressure in region is strengthening that maintain the opinion about continue rate increase in Eurozone. In one time Clause Libsher said in interview Financial Times he support the opinion about rate increase in Eurozone and strengthening monetary policy. Shares on Wall Street trades in minuses despite relatively positive economic data.
Most noticeable news are profit-reports Wal-Mart Stores and Home Deport. That companies showed good gains, however less than forecasted. Both companies are Dow components. Wal-Mart warns despite high income in 1q. that earnings per share will be less forecasted. On Tuesday, after trade close Hewlett Packard and Applied Materials reports about results will issued. Analytics forecasted growth of earnings both companies.