Analytical review of the Forex market for the August 4
After such rapid movements observed in the market on Monday, the second day of the new trading week, the situation does not differ particularly diverse. Obviously, in view of the dramatic strengthening of a high rate during the previous two days, market participants took a wait-and-see stance, and yet chose to take no action. Slight growth of quotations of shares on Tuesday also did not have any impact on the movement of the major currency pairs. Economic statistics, published in the second trading day, in turn, also has not made major changes in the balance of power in the foreign exchange market. In general, it may be noted that the news background is moderately positive, and this may continue to provide downward pressure on the dollar. The single currency, able on Tuesday to improve his score the previous day, was the British pound - the maximum it was 1.7003. The pair euro /dollar was moving in the channel 1,4370-1,4430; dollar /yen, down up to 94.35 by the end of the trading has returned to previous positions, concluding the day at 95.20 marks.
As predicted, the Central Bank of Australia left a key interest rate at 3.0%.
Forecast for Wednesday, August 5
As mentioned above, the background of the news in recent days is quite positive. And on Wednesday, if the actual values coincide, or are better than forecast, with high probability is expected to further weaken the U.S. dollar vis-à-vis its main competitors. As well as the change in volume of retail sales of euro. Price ranges for the major currency pairs will look like this, the euro /dollar 1,4300-1,4500, the pound /dollar - 1,6850-1,7100, the dollar /franc - 1,0500-1,0650.
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Analyst Ratings
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The current session, likely to be quite volatile, special interest today is the dynamics of the commodity market
The main thing today - this is the price the new issue of placement, the last and very serious trump the bulls in the shares of VTB
Yesterday at the U.S. stock market continued to prevail optimistic mood among market participants
Today, the external background is neutral for the Russian stock market, thus, in the morning can bear
Relatively quiet ambient background of high oil prices make it possible to count on a smooth increase of the Russian index
Better the market today may look like shares of banks and NorNikelya
Latin America: unassured growth supported retail and zhilstroy
Kommersant: Nadra give deposits on parts
Experts see the prerequisites for further appreciation of oil in August
Today, market participants will follow the release of such news as the change in the number of employees from ADP, the change in industrial production of Great Britain
Analytical review of the Forex market for the August 4
After such rapid movements observed in the market on Monday, the second day of the new trading week, the situation does not differ particularly diverse. Obviously, in view of the dramatic strengthening of a high rate during the previous two days, market participants took a wait-and-see stance, and yet chose to take no action. Slight growth of quotations of shares on Tuesday also did not have any impact on the movement of the major currency pairs. Economic statistics, published in the second trading day, in turn, also has not made major changes in the balance of power in the foreign exchange market. In general, it may be noted that the news background is moderately positive, and this may continue to provide downward pressure on the dollar. The single currency, able on Tuesday to improve his score the previous day, was the British pound - the maximum it was 1.7003. The pair euro /dollar was moving in the channel 1,4370-1,4430; dollar /yen, down up to 94.35 by the end of the trading has returned to previous positions, concluding the day at 95.20 marks.
As predicted, the Central Bank of Australia left a key interest rate at 3.0%.
Forecast for Wednesday, August 5
As mentioned above, the background of the news in recent days is quite positive. And on Wednesday, if the actual values coincide, or are better than forecast, with high probability is expected to further weaken the U.S. dollar vis-à-vis its main competitors. As well as the change in volume of retail sales of euro. Price ranges for the major currency pairs will look like this, the euro /dollar 1,4300-1,4500, the pound /dollar - 1,6850-1,7100, the dollar /franc - 1,0500-1,0650.
2 users rated material at 2,5.
Analyst Ratings
The current session, likely to be quite volatile, special interest today is the dynamics of the commodity market
The main thing today - this is the price the new issue of placement, the last and very serious trump the bulls in the shares of VTB
Yesterday at the U.S. stock market continued to prevail optimistic mood among market participants
Today, the external background is neutral for the Russian stock market, thus, in the morning can bear
Relatively quiet ambient background of high oil prices make it possible to count on a smooth increase of the Russian index
Better the market today may look like shares of banks and NorNikelya
Latin America: unassured growth supported retail and zhilstroy
Kommersant: Nadra give deposits on parts
Experts see the prerequisites for further appreciation of oil in August