Today analysts' forecasts for the pair EUR / USD - to bid in the range: 1.4200-1.4350

Yesterday, a pair of Euro /dollar to the U.S. session, rose to the level of 1.4325. Pound /dollar traded around 1.6480 marks. The pair dollar /yen fell sharply by 120 points and reached the mark of 95.02. . Cross-rate euro /yen fell to 200 points up to 135.54. Pound /yen down more than 240 points up to 157.35. .

The experts noted that the support of the euro have a current data, which showed unexpected growth in the economies of Germany and France in the second quarter. At the same time released statistics on the United States helped ease investor interest in risky instruments and purchases of Japanese yen.

Yesterday Dow Jones index of the New York Stock Exchange rose 23.20 points (0.25%). Nasdaq index rose 9.00 points (0.45%). SP 500 index rose 5.68 points (0.56%).

Also yesterday, the index Frankfurt Stock Exchange Xetra DAX rose 51.02 points (0.95%). The index of London Stock Exchange FTSE 100 rose 38.70 points (0.82%).

Retail sales in the United States for July 2009 was -0.1% (forecast 0.8%, previous 0.6%).

Retail sales excluding auto in the United States for July was -0.6% (forecast 0.2%, previous 0.3%).

Jobless claims in the United States during the week to 08.08 at 558K (forecast 543K, the previous value of 550K).

Import prices in the United States for July was -0.7% (estimated -0.5%, previous 3.2%).

Business inventories in the United States for June was -1.1% (forecast was -0.9%, revised from the previous value of -1.0% to -1.2%).

Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. This Nikkei 225 index rose 80.14 points (0.76%). Index of the Hong Kong Stock Exchange Hang Seng fell 164.75 points (-0.79%).

Today in Asia pair dollar /yen moved down to the 95.00 mark, but by the end of the session had grown up to 95.20. Rate euro /yen, after testing the local seabed near the 136.20 mark the beginning adjusted up above 137.10. Exchange Euro /dollar traded at the Tokyo session, near the 1.4300 mark. Australian dollar rose to 0.84760.

The experts noted that the first Asian session of the course support the Australian dollar had a statement by the head of the Reserve Bank of Australia that the normal level of interest rates in the country will be much higher than current levels.

support the Japanese yen, in turn, provides an unexpected increase in the index of business activity in the service sector in Japan. Tertiary activity index (index of business activity in the service industry) in Japan in June 2009 was 0.1% (estimated -0.3%, previous -0.1%).

The price of WTI crude oil in electronic trading in New York continued to increase yesterday, and today has grown at 0.29 dollar to 70.82 dollars per barrel.

Start the European session, has made adjustments to the dynamics of the foreign exchange market. Forex market is closely monitoring the dynamics of stock market and the emerging macroeconomic statistics.

Today, investors will be focused on the dynamics of the stock and commodity markets and goes macroeconomic statistics.

My tactical views:

EUR /USD: (5 /10 - the trend sideways): To date, forecasts of analysts - tobid in the range: 1.4200-1.4350. Today, expect short-term correction of the market up. Therefore it is possible to short sell on impulse buying from the bottom of 1.4200, T /R = 1.4350, S /L = 1.4090. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, recording a profit.

GBP /USD (5 /10 - the trend sideways): For the short-term players is better to be outside the market. Actively move the foot, recording a profit.

USD /CHF (5 /10 - the trend sideways): Today better be in buying. Actively move the foot, followed by the market, while protecting profits.

USD /JPY: (5 /10 trend sideways): Today, trading inside the corridor 95.00-96.00: better to be in a small purchase with a daily minimum. Actively move the foot, followed by the market, while protecting profits.

The oil and gas sector looks fairly calm, optimistic securities Metallurg already superfluous
Futures on the Euro-Dollar consolidates below resistance at 1.43, the sample, this level could lead to the area 1.44-1.45
Now the market leaders among the most liquid shares of Gazprom (0.3%) and Surgutneftegaz (0.5%), in apparent outsiders Rusgidro (-2,5%) and Sberbank (-1.3 %)
In the 2 quarter of 2009 Salavatnefteorgsintez reduced revenue for RSA by 51% to 15.4 billion rubles
In the 1 half of 2009, Surgutneftegaz reduced earnings by RSA to 27.5% to 232.8 billion rubles
Over the past week planned power in Russia has decreased by 10.8%
The technical analysis of currency pairs
Asia: the inspiration for the growth of not giving
The course is kept buying the dollar unchanged - a daily review of the cash markets

This entry was posted in News International Markets. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>