Forex Market. 20/10/2009

 

Global segment of corporate securities and the majority of the most marketable commodity futures on Monday to resume a relatively actively promoted. Released last week, U.S. macroeconomic data - especially seem relatively favorable for the segment of investment in the risk of inflation statistics of the U.S. - and is still quite positive its financial statements of leading U.S. companies continue to promote the development of this market scenario.

According to yesterday's data, earnings per share Apple Computers and Texas Instruments, in III quarter. 2009 amounted to $ 1.82 and $ 0.49, with an average forecast of this index, respectively, for $ 1,41 and $ 0,39.

The Fed chief Bernanke BS in his statement yesterday called on the leaders of Asian economies to increase spending on pensions and raise the share of national GDP of these countries public spending in order to reduce international payment imbalances.

It should be noted that the nature of rhetoric head Fed in this case, perhaps, did not reflect a significant concern for the U.S. financial guidance for the current trend of U.S. dollar in the FX. Apparently, the backup system at the moment is inclined to regard the depreciation of the U.S. currency on the international market as the inevitable cost of progress in the field of global macro-economic recovery.

Against this background, quotes EUR /USD this morning once again tested the resistance of 1.4970 /00. It is possible that technical factors, as well as support USD by the world's major central banks once again limit the short-term growth potential of a given currency pair. However, in general the possibility of its increase from current levels in the coming weeks remains.

Tuesday will give a clear understanding of what the balance of forces bulls and bears in Russia market
From the macroeconomic statistics, the U.S. will determine whether Russia will complete the indexes on the day of the new annual highs
Against the background of the depletion of positive factors should expect high volatility in the stock market
Excess liquidity and prized oil does not give our market to carry out a long-awaited correction
In the short run may be a decrease quotations of Russia's currency to the dollar
Another rate reduction refinancing will result in the continuation of rally in the market of ruble-denominated debt
Since the beginning of a new week, the growth in world stock markets resumed
Prices for industrial metals in London tore up the price of gold rose to $ 1070
The State needs a plan