The last day of the trading week, investors chose to lock in profits, which triggered the decline of stock indexes and the growth of the U.S. dollar up on Friday.
weak corporate reporting Bank of America and came out worse than expected consumer sentiment index, calculated by the Michigan University, have led investors to sell profitable currency against the more reliable dollar. Failed to inspire the market positive statistics on industrial production in the United States. Meanwhile, according to the Fed, in September had risen by 0,7%, while the market had expected an increase of 0,2%. Industrial production in the United States has been growing for the second consecutive month, while load factor capacity exceeded 70%. In annual terms, the fall in output was 6.1%. But this statistics was not able to provide a meaningful impact on the course of currency trading.
some negative impact on the euro had quotes statements Eurogroup head Jean-Claude Juncker, who expressed concern about the continuous growth of the single European currency over the past months. Such unilateral dynamics can adversely affect the economic recovery in Europe. As confirmation that the latest data the trade balance in the monetary union, where the background of the expensive euros in August, was recorded a deficit of 4 billion against a surplus of 12 billion euros in July.
On Monday, the publication of important macroeconomic statistics is not expected that portends fairly quiet trading on the currency market. In particular, we expect that the euro will be traded in the range 1,4842-1,4964 dollar.
Some of the negative impact on the euro had quotes statements Eurogroup head Jean-Claude Juncker
The last day of the trading week, investors chose to lock in profits, which triggered the decline of stock indexes and the growth of the U.S. dollar up on Friday.
weak corporate reporting Bank of America and came out worse than expected consumer sentiment index, calculated by the Michigan University, have led investors to sell profitable currency against the more reliable dollar. Failed to inspire the market positive statistics on industrial production in the United States. Meanwhile, according to the Fed, in September had risen by 0,7%, while the market had expected an increase of 0,2%. Industrial production in the United States has been growing for the second consecutive month, while load factor capacity exceeded 70%. In annual terms, the fall in output was 6.1%. But this statistics was not able to provide a meaningful impact on the course of currency trading.
some negative impact on the euro had quotes statements Eurogroup head Jean-Claude Juncker, who expressed concern about the continuous growth of the single European currency over the past months. Such unilateral dynamics can adversely affect the economic recovery in Europe. As confirmation that the latest data the trade balance in the monetary union, where the background of the expensive euros in August, was recorded a deficit of 4 billion against a surplus of 12 billion euros in July.
On Monday, the publication of important macroeconomic statistics is not expected that portends fairly quiet trading on the currency market. In particular, we expect that the euro will be traded in the range 1,4842-1,4964 dollar.
The level of support today for a fixed term for the RTS with the performance in December - 133 900
This week, the market expects a new, even more significant portion of U.S. company
Ruble to the dollar and the currency basket on MICEX today is 29.38 and 35.83 rubles, respectively
In this situation, the exchange is preferable to look for ways to open short-positions
Today the demand for shares in Sberbank and VTB will continue
This week will be an important factor in reporting U.S. companies, as well as data on the housing market in September
Review of the FOREX market for 16.10.09
Forex Market 19/10/2009
GM wants to close the transaction on the Opel, but is ready to fall-back option