Last Friday, the euro / dollar continued its decline in the U.S. session, and reached a mark 1.3cb4860
Last Friday, the euro /dollar continued its decline in the U.S. session, and reached 1.3860 marks. Couple pound /dollar after rising to 1.6178 marks dropped to 1.5982, which is 196 points below the daily maximum. Pair dollar /yen was established near the mark of 90.23. Cross the euro /yen was trading at the end of the session near the 125.12 level.
The experts noted that the pressure on the euro against the dollar has reduced investors” willingness to take risks and fall of stock indices. Pressure on the euro exchange rate continues to concern investors about how to solve the problem of large fiscal deficit in Greece.
In turn, support the dollar provided a positive economic data released in the U.S.. On market talk that U.S. interest rates may be increased earlier than in the euro area ..
Last Friday, the Dow Jones New York Stock Exchange fell 53.13 points (-0.52%). The Nasdaq fell 31.65 points (-1.45%). SP 500 index dropped to 10.66 points (-0.98%).
Last Friday, the index of the Frankfurt Stock Exchange Xetra DAX rose 68.46 points (1.24%). The London FTSE 100 index rose 42.78 points (0.83%). Bloomberg European 500 Index rose 1.72 points (1.00%).
Preliminary GDP value in the U.S. for the fourth quarter of 2009 at an annual rate was 5.7% (forecast was 4.5%, the previous value of 2.2%). Factor out much better than forecast and reached its highest level since 2003.
Chicago PMI in the U.S. for January 2010 amounted to 61.5 (forecast 57.0, the previous value of 58.7). This figure is of great importance to the publication of the index of business activity at the national level, which is scheduled for Monday.
The final value of Michigan sentiment index in the U.S. for January 2010 amounted to 74.4 (73.0 forecast, the previous value of 72.8). This index also came out better than expected and reached a maximum level for the past two years.
Last Friday the price of WTI crude oil during the bidding in New York fell to 1.20 dollar to the level of 72.44 dollars per barrel.
Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. Index of the Tokyo Stock Exchange”s Nikkei 225 rising to 8.56 points (0.08%). Index of the Hong Kong Stock Exchange, Hang Seng falls to 109.89 points (-0.55%). Singapore Straits Times Index fell to 8.42 points (-0.31%). Code SP /ASX 200 fell to 45.50 points (-1.00%).
Today in Asia, the euro /dollar fell to 1.3850 marks, but by the end of the session rose to 1.3873. Rate pound /dollar traded near the 1.5945 mark. Pair dollar /yen is trading slightly above the level of 90.15. Gold is trading close to 1078.00 dollars per troy ounce.
start of the European session, failed to make the adjustment in the dynamics of the currency market. Forex market closely followed the dynamics of the stock market, and for overlooking the macroeconomic statistics.
My tactical views:
EUR /USD: (5 /10 - a trend sideways): Today analysts” forecasts - up for auction in Rendžov: 1.3820-1.4000. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.3820, T /R = 1.4000, S /L = 1.3790. Actively move the foot, fixing the profit.
GBP /USD (5 /10 - Trend Neutral):
For short-term players better be in buying. Actively move the foot, fixing the profit.
USD /CHF (5 /10 - Trend Neutral):
Today is better to be out of the market.
actively move the foot behind the market, protecting profits.
USD /JPY: (5 /10 trend sideways):
now trading inside the corridor 89.50-90.70: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.
Where in Ukraine to work more profitable: the average wage by industry Until two years ago (before the crisis), the majority of Ukrainian citizens rather soft on the activities of the NBU …
Concluded 40 th International Economic Forum
Phenomenology of NBU. On the reform of the National Bank of Ukraine
Forex - results of the day
Following Friday the value of the MICEX Index reached 1419.42 points, which is 0.92% above the closing level of the previous trading day
Today the level of resistance for the index of the MICEX will mark 1427 points
External background moderately negative for the market of Rd16ussia, America closed lower, Asia traded mostly down
In 2010, investments in the construction of SPC Voŭpa for Olympic facilities will be around 110 million rubles
Supervisors are interested in increasing the prices of sugar
