Yesterday, the euro / dollar continued its decline in the U.S. session, and reached a mark 1.4041

by admin on February 23rd, 2010

Yesterday, the euro /dollar continued its decline in the U.S. session, and reached 1.4041 marks. Couple pound /dollar after rising to 1.6260 marks dropped to 1.6090, which is 170 points below the daily maximum. Pair dollar /yen was established near the mark of 89.60. Cross the euro /yen was trading near 126.20 level.

The experts noted that the pressure on the euro against the dollar has reduced investors” willingness to take risks and fall of the riskier instruments such as gold, Australian, New Zealand dollar. The decrease in optimism of investors contribute to the recent actions of the Central Bank of China, which are aimed at reducing the volume of lending, in particular, an indication of the increasing share of required reserves for commercial banks.

However, yesterday afternoon also saw the closure of long positions on the d1000ollar, which is related to the expectation of today”s Open Market Committee”s decision the U.S. Federal Reserve on interest rates.

Yesterday, the Dow Jones New York Stock Exchange fell 2.57 points (-0.03%). The Nasdaq fell 7.07 points (-0.32%). SP 500 index fell 4.61 points (-0.42%).

Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX rose 37.56 points (0.67%). The London FTSE 100 index rose 16.54 points (0.31%). Bloomberg European 500 Index rose 0.53 points (0.30%).

Yesterday the price of WTI crude oil fell by 0.04% to 74.68 dollars per barrel.
Gold closed at around 1.098.00 dollars per troy ounce.

Yesterday rating agency Standard Poor “s stated that the forecast change in the ranking of Japan decreased from stable to negative status. The reason is the large size of public debt. At this news there was buying the yen against the backdrop of withdrawal from risk.

Consumer confidence in the U.S. for January 2010 amounted to 55.9 (forecast 53.5, the previous value of 52.9). Factor out better than forecast and reached its highest level since September 2008. The growth index is observed the third consecutive month.

price index for housing Case-Shiller in November 2009 amounted to -5.3% y /y against the forecast -5.0% y /y. These data show a slight decrease in real estate prices in the United States.

preliminary value of the index of gross domestic product (GDP) in the UK for the fourth quarter of 2009 amounted to 0.1% for the quarter, -3.2% for the year (the forecast was 0.4% for the quarter, -2.9% for the year, the previous value of -0.2% the quarter, -5.1% per year). These data were worse than expected and collapsed pound.

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 falls to 68.33 points (-0.66%). Index of the Hong Kong Stock Exchange, Hang Seng rising to 109.05 points (0.54%). Singapore Straits Times Index increased to 9.28 points (0.34%). Code SP /ASX 200 is reduced by 73.30 points (-1.55%).

Today in Asia, the euro /dollar fell to 1.4055 marks. Rate pound /dollar traded near the 1.6120 mark. Pair dollar /yen is trading slightly above the level of 89.10. Gold is trading close to 1096.40 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.

financial market participants expect the results of meetings of the Open Market Committee U.S. Federal Reserve, the U.S. President”s speech of Mr. Obama during his annual speech, as well as the results of voting on approval for a second term U.S. Fed Chairman Mr Ben Bernanke, which will be held on Friday.

My tactical views:
EUR /USD (5 /10 - a trend sideways): Today analysts” forecasts - up for auction in Rendžov: 1.4020-1.4200. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4020, T /R = 1.4200, S /L = 1.3940. 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.

&acf2mp;lt;b> 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 88.80-90.00: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.

If you change the situation on Russia”s market of foreign sites may jump out of the corridor 1370 - 1400 points on the MICEX
At the opening of Russia”s market will continue to restore, but expect significant growth in prices until the costs: the major players took a break
Futures on the RTS index lost 2.48% the day, dropping to a value of 145 660 points
Under most pressure now may be the paper”s largest Russian banks
Russia stock market is influenced by the negative external background, it is expected a negative opening of domestic sites
Exd82ternal background moderately negative for the market of Russia, America closed moderately lower, Asia traded raznonapravlenno
Today, the closest level of support for the RTS Index futures will mark 147.800 and 149.000 points
The international currency market on Tuesday once again dominated by pessimism
Budget option

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