The U.S. currency has continued steadily losing ground in terms of forex trading on the positive dynamics of world equity markets and publications optimistic macroeconomic data.
On Wednesday night, were released minutes of the last meeting of the Operations Committee on the open market the U.S. Federal Reserve, from which it follows that the regulator is still inclined to a soft monetary policy. Thus, at the September FOMC meeting, some members spoke in favor of an increase in the current program to buy up mortgage-backed bonds. And although the voting results, it was decided that the level of redemption of securities unchanged, the position of some members of the Committee reaffirms the view that the Fed will keep the target rate at the current near-zero level, there is a long period of time.
support for the euro yesterday, has statistics on industrial production. According to the agency Eurostat, in August, production in the European Monetary Union has increased by 0,9%. The growth rate observed for the fourth consecutive month. In annual terms, industry has lost 15.4% - minimum annual fall since December last year.
Important statistics came out yesterday and in the United States. In particular, the volume of retail sales in September declined by 1.5%, while the forecast assumes a decline of 2.1%. The fall rate was due to end-of-state program for recycling old cars. At the same time retail sales excluding road factors have grown up in the last month on 0,5%, which was seen by the market as a very optimistic tone.
In addition to macroeconomic data on Wednesday came out and corporate news. For example, JPMorgan Chase Co. reported yesterday on the financial results for the III quarter. The data were better than forecast, in particular, profit totaled $ 3.59 billion, or $ 0.82 per share. The main contribution to the successful financial performance has made the investment activity. Despite such positive data, there are disturbing elements, such as increased reserves for possible losses on loans.
Today accountable to two financial giants: Citigroup and Goldman Sachs. In addition, the data fall on inflation in the euro area (13:00 Moscow time.) And the U.S. (16:30 Moscow time.).
In general, the euro, according to our forecasts, this will be traded in the corridor 1,4860-1,5040 dollar.
Euro now will be traded in the corridor 1,4860-1,5040 dollar
The U.S. currency has continued steadily losing ground in terms of forex trading on the positive dynamics of world equity markets and publications optimistic macroeconomic data.
On Wednesday night, were released minutes of the last meeting of the Operations Committee on the open market the U.S. Federal Reserve, from which it follows that the regulator is still inclined to a soft monetary policy. Thus, at the September FOMC meeting, some members spoke in favor of an increase in the current program to buy up mortgage-backed bonds. And although the voting results, it was decided that the level of redemption of securities unchanged, the position of some members of the Committee reaffirms the view that the Fed will keep the target rate at the current near-zero level, there is a long period of time.
support for the euro yesterday, has statistics on industrial production. According to the agency Eurostat, in August, production in the European Monetary Union has increased by 0,9%. The growth rate observed for the fourth consecutive month. In annual terms, industry has lost 15.4% - minimum annual fall since December last year.
Important statistics came out yesterday and in the United States. In particular, the volume of retail sales in September declined by 1.5%, while the forecast assumes a decline of 2.1%. The fall rate was due to end-of-state program for recycling old cars. At the same time retail sales excluding road factors have grown up in the last month on 0,5%, which was seen by the market as a very optimistic tone.
In addition to macroeconomic data on Wednesday came out and corporate news. For example, JPMorgan Chase Co. reported yesterday on the financial results for the III quarter. The data were better than forecast, in particular, profit totaled $ 3.59 billion, or $ 0.82 per share. The main contribution to the successful financial performance has made the investment activity. Despite such positive data, there are disturbing elements, such as increased reserves for possible losses on loans.
Today accountable to two financial giants: Citigroup and Goldman Sachs. In addition, the data fall on inflation in the euro area (13:00 Moscow time.) And the U.S. (16:30 Moscow time.).
In general, the euro, according to our forecasts, this will be traded in the corridor 1,4860-1,5040 dollar.
The immediate goal for Gazprom shares may be region just above 220 rubles, while the MICEX Index - 1500 points
Players do not worry about anything - the monetary policy continues to remain soft, then markets can grow further
On Thursday, Russia's stock market will be doomed to set new highs since the beginning of the year
Power of buyers and sellers now are equal, this balance is maintained until the end of the week
Players should refrain from active purchases or do it very carefully
Savings Bank will take part in the development of housing Ugra
Review of the FOREX market for 14.10.09
Forex Market 15/10/2009
Rich harvest may lead to the decline of agriculture in Kazakhstan and the bankruptcy of the majority of farms