Focus on Monaco

All eyes will be on Monaco this weekend for one of the highlights of the F1 calendar. The circuit notorious for its sharp bends always produces excitement and an unpredictable race. We look forward to seeing the RB11 car do well on the track that has brought success to Red Bull over the last few seasons.

Its been a very exciting season with some great racing so far. We are now entering the more established European races where Ricciardo and Kvyat will be looking to challenge for places further up the grid and build on their solid start.

Everyone here at EXNESS will be cheering on the drivers and our partners at Infiniti Red Bull Racing when qualifying starts on Saturday.
The Eurozone has likewise presented just as may twists and turns, so it is with great interest we look ahead this week to the recent movements in the euro.
On 19th May the final value of April's consumer price index in the euro zone was published. From February through April 2015 inflation in the region accelerated from -0.6%(y/y) to 0%(y/y). The most important role in this growth was played by purchases of state bonds of countries in the euro zone, which began in March 2015. In turn, growth in inflationary expectations led to increased yields on European state bonds and the euro's growth to the level of 1.1466 dollars.
The euro's reaction to Benot Cur's speech on 19th May is temporary. The euro probably won't fall below support of 1.1133. Cur announced that in May and June the ECB might buy twice the normal amount of bonds of euro zone countries, because from the middle of July through August the market will be illiquid. This triggered a drop in German 10-year bonds by 9 p.p. to 0.56%. Over the course of this week, we expect the euro to return to the middle of the range 1.1133-1.1466 (to the level of 1.13).

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