The next wave of rejection of risk covered in the international foreign exchange market Friday. Against a background of continuing decline in the stock and commodity platforms investors actively bought dollars and yen. Quotations Japanese currency is currently at maximum levels in mid-February.
Additional pressure on the euro has appeared in the German media information about the growing problems in the economy of Eastern European countries. In particular, according to some estimates, about 10 peripheral EU member states asked the International Monetary Fund in stabilizing credit.
Western European banks are major creditors in Central and Eastern Europe. The total debt of new European states in the euro area financial institutions, more than a trillion dollars. More than 30% of this amount to be paid this year and already you can confidently say that the return loans on time Eastern European borrowers are unable to. Currently actively refinancing operations and the extension of credit, but this is only the view of some investors, a temporary measure, dilatory very sad ending. This vulnerability euro, specifically its financial sector, from other States in the region poses a strike position euro.
Despite the slight decline in European currencies as a result of last week, the major pairs continued to be traded in fairly narrow ranges. The upcoming week rich in macroeconomic statistics that easily offset by the publication of a large number of corporate reporting. It unveiled the results of U.S. companies for the second quarter of 2009 will determine the dynamics of foreign exchange and stock markets in the coming days.
Today, a pair of home market will continue to bargain in a converging triangle c $ 1.4060 level of resistance and support level of $ 1.3830 per euro.
British currency after some correction will continue to fall on Tuesday against the dollar, testing support for $ 1.61.
Today, a pair of home market will continue to bargain in a converging triangle
The next wave of rejection of risk covered in the international foreign exchange market Friday. Against a background of continuing decline in the stock and commodity platforms investors actively bought dollars and yen. Quotations Japanese currency is currently at maximum levels in mid-February.
Additional pressure on the euro has appeared in the German media information about the growing problems in the economy of Eastern European countries. In particular, according to some estimates, about 10 peripheral EU member states asked the International Monetary Fund in stabilizing credit.
Western European banks are major creditors in Central and Eastern Europe. The total debt of new European states in the euro area financial institutions, more than a trillion dollars. More than 30% of this amount to be paid this year and already you can confidently say that the return loans on time Eastern European borrowers are unable to. Currently actively refinancing operations and the extension of credit, but this is only the view of some investors, a temporary measure, dilatory very sad ending. This vulnerability euro, specifically its financial sector, from other States in the region poses a strike position euro.
Despite the slight decline in European currencies as a result of last week, the major pairs continued to be traded in fairly narrow ranges. The upcoming week rich in macroeconomic statistics that easily offset by the publication of a large number of corporate reporting. It unveiled the results of U.S. companies for the second quarter of 2009 will determine the dynamics of foreign exchange and stock markets in the coming days.
Today, a pair of home market will continue to bargain in a converging triangle c $ 1.4060 level of resistance and support level of $ 1.3830 per euro.
British currency after some correction will continue to fall on Tuesday against the dollar, testing support for $ 1.61.
The market will try to find temporary support in the area of 850-860 points on the MICEX index
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