Japanese Finance Minister collapse yenovye crosses

So, on Friday the market was a stubborn fight, the bears tried to reset the mark at 1.46 euros, but it did not work, the euro closed closer to the mark of 1.47. The Dow Jones fell by up to Friday to 0.44%.

Today, after the opening of the euro-dollar grew up to 1.4721 marks, that the analytical tapes explain the landslide victory of the Christian Democratic Union Angela Merkel's party in parliamentary elections in Germany. But then just two hours, from 4 to 6 am couple had fallen sharply below the 1.46, the minimum is shown at 1.4559. This movement is explained merely downsizing appetites for risk. Indeed, the Asian markets today are not in the mood, the Japanese Nikkei fell 2.5%, the Shanghai index fell by 2.65%. Yenovye crosses failed this morning, especially strong, the dollar-yen fell to 98.23, the euro-yen fell to 129.80.

The growth performance of the yen caused Japan's finance minister, who reiterated that the Government does not intend to intervene in the foreign exchange market (to intervene to weaken the yen), at a summit in Pittsburgh, he condemned the actions of governments of countries that devalue their national currencies with to support exports. Fall euro-yen and utyanulo for a euro-dollar down as it normally is.

However, even more risky pound fell to 1.5767 today. Pound falls to high rates of the past three days, and September 11 fell by 10 pieces altogether. And the Swiss franc as a whole still holds together better after all the Japanese yen. To date, the dollar-franc is less than half the figure above the minimum, delivered after the publication of the results of the last meeting of the Fed rate. And the euro has risen to 1.4630 and is just 210 points from the annual maximum of 23 September. In general, steam is still in the corridor 1.46-1.4840, about which we wrote in our previous review, a short way down on a thin market in the Asian session, we consider no more than a gathering operation stops below 1.4610. Locally, we are still awaiting the return of the euro to the upper boundary of the corridor.

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Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather …


The market has entered a phase of consolidation, which could last until the beginning of the reporting season, the Western companies
The market can not determine the choice, as evidenced by the countervailing dynamics of quotations
Reacting to negative from external sites, the market recovers up on low volumes
The end of the year is expected to increase in oil prices to $ 93 per barrel, while the RTS index - up to 1750 points
Continued downward movement of the pair EUR /USD
Dollar depreciated - the evening review of cash markets
NPF profited from the crisis

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