The U.S. stock market continues to live their lives. On Friday, investors have completely ignored the optimistic value of the index of consumer confidence at Michigan State University (70.2 points in September, against 65.7 points in August). Without the attention of investors and the remaining data, which showed growth of wholesale sales in July up to a maximum of more than a year level. The apparent disregard for emerging market statistic data suggests wide use of automated trading systems of stock exchanges (trading robots) that are insensitive to the pulse of the economy, and the only common market sentiment and technical analysis of charts. As a result, on Friday at overseas stock exchanges, to explicit positive, there was a banal profit-taking.
Quotations oil on Friday substantially adjusted downwards. Outllining strengthening of the dollar (EUR /USD 1,453), had a strong pressure on oil prices (Brent $ 66,8 /bbl). With energy prices rapidly becoming cheaper and industrial metals. On Friday, the leader of the fall was nickel, which has lost more than 3%. Total, from September, quotes this metal has collapsed by almost 17%. The only asset that still maintains stability, is the gold, which remains near price parity mark of $ 1000/unts. At the Asian markets and in futures on U.S. indexes on Monday reign negative sentiment.
In connection with the fact that the data from the United States today does not go all the attention the players will be attracted to the currency and commodity markets. If you go today in the 13-00 data from the euro zone in terms of employment and industrial output had fallen short of market expectations, we should expect a continuing process of strengthening the dollar, and hence a new fall in oil prices.
In 18-15 overseas investors will monitor the performance of the vice-president of Fannie Mae Douglas Duncan on economic recovery. Today, late in the evening will also make the head of the FBI San Francisco Janet Yellen on economic outlook and monetary policy.
The main benefits of adopting a system of calculating tariffs on the basis of RAB will obtain the Federal Grid Company and IDC Holding
Greatest risk reduction actions today exposed steel companies, which have assets in the U.S. and Europe
If today's decline does not turn into a panic, the market will be a good chance to continue to rally towards the end of the week
The current correction in Russia market does not necessarily lead to a reversal of trend
Quotes of the ruble against the dollar and the currency basket of the MICEX today are 30,84 and 37,20 rubles
Speculative recommendation on shares of Gazprom, LUKoil, Polyus Gold, Sberbank and VTB
The U.S. dollar seems in a state of free fall
Forex Market 14/09/2009
Stiglitz: the problem of the banks more than in the midst of crisis
The only asset that still maintains stability is gold
The U.S. stock market continues to live their lives. On Friday, investors have completely ignored the optimistic value of the index of consumer confidence at Michigan State University (70.2 points in September, against 65.7 points in August). Without the attention of investors and the remaining data, which showed growth of wholesale sales in July up to a maximum of more than a year level. The apparent disregard for emerging market statistic data suggests wide use of automated trading systems of stock exchanges (trading robots) that are insensitive to the pulse of the economy, and the only common market sentiment and technical analysis of charts. As a result, on Friday at overseas stock exchanges, to explicit positive, there was a banal profit-taking.
Quotations oil on Friday substantially adjusted downwards. Outllining strengthening of the dollar (EUR /USD 1,453), had a strong pressure on oil prices (Brent $ 66,8 /bbl). With energy prices rapidly becoming cheaper and industrial metals. On Friday, the leader of the fall was nickel, which has lost more than 3%. Total, from September, quotes this metal has collapsed by almost 17%. The only asset that still maintains stability, is the gold, which remains near price parity mark of $ 1000/unts. At the Asian markets and in futures on U.S. indexes on Monday reign negative sentiment.
In connection with the fact that the data from the United States today does not go all the attention the players will be attracted to the currency and commodity markets. If you go today in the 13-00 data from the euro zone in terms of employment and industrial output had fallen short of market expectations, we should expect a continuing process of strengthening the dollar, and hence a new fall in oil prices.
In 18-15 overseas investors will monitor the performance of the vice-president of Fannie Mae Douglas Duncan on economic recovery. Today, late in the evening will also make the head of the FBI San Francisco Janet Yellen on economic outlook and monetary policy.
The main benefits of adopting a system of calculating tariffs on the basis of RAB will obtain the Federal Grid Company and IDC Holding
Greatest risk reduction actions today exposed steel companies, which have assets in the U.S. and Europe
If today's decline does not turn into a panic, the market will be a good chance to continue to rally towards the end of the week
The current correction in Russia market does not necessarily lead to a reversal of trend
Quotes of the ruble against the dollar and the currency basket of the MICEX today are 30,84 and 37,20 rubles
Speculative recommendation on shares of Gazprom, LUKoil, Polyus Gold, Sberbank and VTB
The U.S. dollar seems in a state of free fall
Forex Market 14/09/2009
Stiglitz: the problem of the banks more than in the midst of crisis