Major currency pairs during the trading day on Monday continued to consolidate in the previously formed narrow bands. Slurred dynamics in the stock pads, only reinforced the uncertainty in the foreign exchange market. Released macroeconomic statistics also failed to establish a short-term trend.
The sales of homes in the primary market of housing in the United States in June grew by 11% to 384 000 per year, while the forecast did not exceed 3%. The rise in this segment there is the third month in succession, giving some investors reason to believe that the worst for the U.S. residential real estate market - behind. Meanwhile, a surge in purchasing activity is due, first of all, low prices for new homes (average price in June amounted to 206 thousand U.S. dollars (-12% y /y)) and tax benefits, which the government provides the first purchase of housing. Today in the United States will be published index SP /Case Shiller, reflecting the pricing dynamics in the residential real estate in major U.S. cities. As expected, the annual price declines will exceed 17%.
Adverse data released yesterday by FRB - Chicago. Thus, midwest manufacturing index fell in June to the previous month by 3%, while in annual terms, by more than 25%, reaching 78,1 - minimum value in 1993 was alarming statistics published on Monday, European Central Bank. Despite granting the governor the unprecedented volume of (cheap), liquidity, commercial banks in the euro area is still not in a hurry to lend to the real sector. In June, the pace of lending to the private sector in the monetary union has once again dropped to 1.5% (m /m) (May increase of 1.8% m /m). In doing so, the growth of money supply slowed to 3.5%, the lowest value in the history of the single European currency. Inaccessibility of credit resources for the real sector of the region has worsened the chances for an early restoration of economic activity.
Among the publications Tuesday to oversee the regular corporate reports from abroad, as well as the index of consumer confidence in the U.S. (18:00 Moscow time)..
In general, today, expect further movement the single European currency in the past formed a corridor 1,4138-1,4288 dollar.
Today, the further forward motion of the single European currency in the past formed a corridor 1,4138-1,4288 dollar
Major currency pairs during the trading day on Monday continued to consolidate in the previously formed narrow bands. Slurred dynamics in the stock pads, only reinforced the uncertainty in the foreign exchange market. Released macroeconomic statistics also failed to establish a short-term trend.
The sales of homes in the primary market of housing in the United States in June grew by 11% to 384 000 per year, while the forecast did not exceed 3%. The rise in this segment there is the third month in succession, giving some investors reason to believe that the worst for the U.S. residential real estate market - behind. Meanwhile, a surge in purchasing activity is due, first of all, low prices for new homes (average price in June amounted to 206 thousand U.S. dollars (-12% y /y)) and tax benefits, which the government provides the first purchase of housing. Today in the United States will be published index SP /Case Shiller, reflecting the pricing dynamics in the residential real estate in major U.S. cities. As expected, the annual price declines will exceed 17%.
Adverse data released yesterday by FRB - Chicago. Thus, midwest manufacturing index fell in June to the previous month by 3%, while in annual terms, by more than 25%, reaching 78,1 - minimum value in 1993 was alarming statistics published on Monday, European Central Bank. Despite granting the governor the unprecedented volume of (cheap), liquidity, commercial banks in the euro area is still not in a hurry to lend to the real sector. In June, the pace of lending to the private sector in the monetary union has once again dropped to 1.5% (m /m) (May increase of 1.8% m /m). In doing so, the growth of money supply slowed to 3.5%, the lowest value in the history of the single European currency. Inaccessibility of credit resources for the real sector of the region has worsened the chances for an early restoration of economic activity.
Among the publications Tuesday to oversee the regular corporate reports from abroad, as well as the index of consumer confidence in the U.S. (18:00 Moscow time)..
In general, today, expect further movement the single European currency in the past formed a corridor 1,4138-1,4288 dollar.
In the first half of trading session is expected to multidirectional movement MICEX index in the range of 1020-1050 technical points
Interchanges summer rally is expected until 18-22 August, the growth potential of the Russian stock is estimated at 30% from current levels
A good report from Deutsche bank and rising oil prices will contribute to the emergence of a wave after opening up
Lukoil has begun operations on the installation of traffic by sea ice stationary platform at the name of Yuri Korchagin
Yesterday, a pair of Euro /dollar to the U.S. session after improving up to 1.4295 adjusted down to the level of 1.4200
Review of the FOREX market for 27.07.09
Oil futures mark WTI traded just below $ 68.5
The Europeans did not refuse to leave despite the crisis
New rules of placement of reserves of insurance companies