met with U.S. forces and rvanul up, which contributed to a combination of many factors such as fears about the financial sector in Europe, the Russian Ministry of Finance comments on the strength of American currency, a strike in Iran and the reduction of risky positions in the currency markets. Rollback bucks was inevitable, the question was only in the timing and duration of this correction. To date, these same countries, which have questioned the stability of the currency, backed off his statements: First, China has recognized that the current alternatives in the U.S. do not, then Japan declared that the country's faith in the United States treasury bills at the moment is unwavering, and in crown to the whole and Russia in this weekend confirmed that the role of the dollar as world currency is unlikely to greatly change in the near future. Either the BRIC countries have decided not to reveal his cards until the end and nakinut sheep's clothing, until they are fully prepared to strike, whether realized that to date they have no choice. Nevertheless, this does not prevent all the same in Russia, India, China and Brazil to change some of its U.S. assets to the assets of the IMF, the more details you can read the article in the BRIC countries are no reserves, and the authorities. In general, whatever that is, to date it has had excellent support the dollar.
In addition to the political factors that contribute to the strengthening of bucks and made a rather pessimistic economic data. Activity in the manufacturing sector of New York this month, fell more strongly than in the previous year, as sales volumes and inventories declined. The index of economic activity in the Empire State Zone FRB of New York showed up to the fall of -9.4 from -4.6 in the previous month. Meanwhile, a separate report showed that the credibility of American housing has declined in June, possibly against a background of growth rates on the mortgage. The fall of NAHB index for the period from 16 May to 15 June, followed two months of growth, which have to hope that the housing market still has reached base. But over the past week against the backdrop of growth in profitability gosobligatsy increased bets on the mortgage. And it does neradostnaya information on the population, which is so transferred to the savings.
Today on the agenda of these PPI, the number of new buildings, and industrial output. Inflationary pressures are likely to grow due to rise of oil and the weakening of the dollar in recent times. News from the housing market could be negative, given the record on Monday, and of industrial production is not expected to strengthen as well as business activity across regions, it seems, is beginning to roll correction after several months of growth. The dollar will likely continue to experience demand, unless the official comments and inflation report will have no pressure on him.
EUR
Economic data from the eurozone continue to undermine the position of the euro, which is clearly visible against the background of the restoration of the dollar. The number of jobs in the euro zone for the 1 st quarter of this year fell by 1.2 million, which was the most severe recession since the start of statistics in 1991. In quarterly terms, the number of unemployed in the euro area fell by 0.8% in May, thus recorded 3 consecutive quarters of falling. Figures for the previous quarter was revised downward to -0.4%, while for the 3rd - to -0.2%.
At the same time, the British Telegraph published a warning by German leading industrial group that credit conditions in the country continue to deteriorate, threatening the survival of companies. Thus, we see that the policy of the ECB has so far not yielded any significant results. If in the near future is not a solution is found, we'll see a new wave of write-offs, and then bankruptcy, which would undermine the position of the single currency.
Today's reports are likely to reflect the recent strengthening of the euro. Investor confidence in the study ZEW, likely will decrease as well as strengthening the national currency had a negative impact on the competitiveness of goods abroad. For the same reason, growth in euro, we see the modem and the reduction of inflationary pressures, which again returns to the stage, fears about deflation.
GBP
British calendar of events was rather meager. From the reports we have received only the study of the Confederation of British Industry (CBI), which showed that Britain's economy will not return to growth till 2010, and the Bank of England will probably have to increase the volume of issued capital to stimulate recovery. However, the least the rest of the pound against the dollar suffered, and even strengthened against the euro. It seems that the market continues to live memories of the positive signals from the economy. which we received the previous week.
Today, we receive a report on consumer prices. The recent restoration of the national currency, as well as reducing PPI gives us reason to believe that the CPI will reflect weakening. Thus, the weaker inflationary pressures, the less the necessity, the Central Bank to raise rates, as it always undermined the position of the national currency. But here on the other side of the balance will be based on positive signals about the green sprouts in the economy that could force investors to adhere to long positions on the GBP.
JPY
Yen continues to work in tandem with the U.S. against the backdrop of marked departure from risky assets. Today's meeting of the Bank of Japan at the rates provided support for the national currency. The cost of credit, of course, remains the same, but has been revised to increase the overall assessment of the economic situation after the indices of industrial production, exports and consumer sentiment has stabilized.
Met with U.S. forces
USD
met with U.S. forces and rvanul up, which contributed to a combination of many factors such as fears about the financial sector in Europe, the Russian Ministry of Finance comments on the strength of American currency, a strike in Iran and the reduction of risky positions in the currency markets. Rollback bucks was inevitable, the question was only in the timing and duration of this correction. To date, these same countries, which have questioned the stability of the currency, backed off his statements: First, China has recognized that the current alternatives in the U.S. do not, then Japan declared that the country's faith in the United States treasury bills at the moment is unwavering, and in crown to the whole and Russia in this weekend confirmed that the role of the dollar as world currency is unlikely to greatly change in the near future. Either the BRIC countries have decided not to reveal his cards until the end and nakinut sheep's clothing, until they are fully prepared to strike, whether realized that to date they have no choice. Nevertheless, this does not prevent all the same in Russia, India, China and Brazil to change some of its U.S. assets to the assets of the IMF, the more details you can read the article in the BRIC countries are no reserves, and the authorities. In general, whatever that is, to date it has had excellent support the dollar.
In addition to the political factors that contribute to the strengthening of bucks and made a rather pessimistic economic data. Activity in the manufacturing sector of New York this month, fell more strongly than in the previous year, as sales volumes and inventories declined. The index of economic activity in the Empire State Zone FRB of New York showed up to the fall of -9.4 from -4.6 in the previous month. Meanwhile, a separate report showed that the credibility of American housing has declined in June, possibly against a background of growth rates on the mortgage. The fall of NAHB index for the period from 16 May to 15 June, followed two months of growth, which have to hope that the housing market still has reached base. But over the past week against the backdrop of growth in profitability gosobligatsy increased bets on the mortgage. And it does neradostnaya information on the population, which is so transferred to the savings.
Today on the agenda of these PPI, the number of new buildings, and industrial output. Inflationary pressures are likely to grow due to rise of oil and the weakening of the dollar in recent times. News from the housing market could be negative, given the record on Monday, and of industrial production is not expected to strengthen as well as business activity across regions, it seems, is beginning to roll correction after several months of growth. The dollar will likely continue to experience demand, unless the official comments and inflation report will have no pressure on him.
EUR
Economic data from the eurozone continue to undermine the position of the euro, which is clearly visible against the background of the restoration of the dollar. The number of jobs in the euro zone for the 1 st quarter of this year fell by 1.2 million, which was the most severe recession since the start of statistics in 1991. In quarterly terms, the number of unemployed in the euro area fell by 0.8% in May, thus recorded 3 consecutive quarters of falling. Figures for the previous quarter was revised downward to -0.4%, while for the 3rd - to -0.2%.
At the same time, the British Telegraph published a warning by German leading industrial group that credit conditions in the country continue to deteriorate, threatening the survival of companies. Thus, we see that the policy of the ECB has so far not yielded any significant results. If in the near future is not a solution is found, we'll see a new wave of write-offs, and then bankruptcy, which would undermine the position of the single currency.
Today's reports are likely to reflect the recent strengthening of the euro. Investor confidence in the study ZEW, likely will decrease as well as strengthening the national currency had a negative impact on the competitiveness of goods abroad. For the same reason, growth in euro, we see the modem and the reduction of inflationary pressures, which again returns to the stage, fears about deflation.
GBP
British calendar of events was rather meager. From the reports we have received only the study of the Confederation of British Industry (CBI), which showed that Britain's economy will not return to growth till 2010, and the Bank of England will probably have to increase the volume of issued capital to stimulate recovery. However, the least the rest of the pound against the dollar suffered, and even strengthened against the euro. It seems that the market continues to live memories of the positive signals from the economy. which we received the previous week.
Today, we receive a report on consumer prices. The recent restoration of the national currency, as well as reducing PPI gives us reason to believe that the CPI will reflect weakening. Thus, the weaker inflationary pressures, the less the necessity, the Central Bank to raise rates, as it always undermined the position of the national currency. But here on the other side of the balance will be based on positive signals about the green sprouts in the economy that could force investors to adhere to long positions on the GBP.
JPY
Yen continues to work in tandem with the U.S. against the backdrop of marked departure from risky assets. Today's meeting of the Bank of Japan at the rates provided support for the national currency. The cost of credit, of course, remains the same, but has been revised to increase the overall assessment of the economic situation after the indices of industrial production, exports and consumer sentiment has stabilized.
Today in the United States is expected: the index of producer prices, the number of construction of houses, industrial production and reporting BestBuy and Adobe Systems
Significant declines as the dollar strengthening in the market of the major base metals
Yesterday, a pair of Euro /dollar fell throughout the day to 1.3755
Review of the FOREX market for 15.06.09
Today we looked forward to a fairly busy day in terms of information
U.S. markets on Monday have been under considerable pressure
U.S. dollar strengthened markedly in the international currency market, on the basis of the trading day Monday
During the afternoon schedule index Dow Jones is still going through a bottom-up flag
Asia: optimism among investors and experts diminished