On Thursday in European trading the dollar declined in relation to higher-yielding currencies. Thus the market reacted to a statement from the Fed that a key interest rate will remain in the range of 0,00-0,25% per annum is a long time, and gradually slow the redemption of bonds and mortgage agencies, debt instruments secured by mortgage, expecting to complete it by end of the first quarter of 2010.
oil quotes on Thursday continued to decline, as published on Tuesday and Wednesday of data on the unexpectedly sharp rise in U.S. stocks prompted investors to think about, not determined whether the rise in oil prices rise in the global economy and a corresponding increase in demand.
European stock markets also declined, as cheaper oil a negative impact on energy stocks, but rates of banks are under pressure. We have a lot of free money, but despite this, some investors prefer to take profits and leave the stock market.
strengthening of the ruble against a background of world trends weakening the dollar. Positive impact on the ruble has continued lack of liquidity: the demand for repo auctions with the CBR exceeds the limits, the rates on overnight interbank loans are held in the region of 7.0-8.0% per annum. In my opinion, the banks gradually reduce the debt on a long - expensive unsecured loans CBR and fund the cheaper, short - one-day and seven days repos, as well as attract overnight in the interbank market.
In my opinion, a couple of dollar /euro this week, will be traded within 1,4700-1,4900, Ruble is enough volatility, and will be traded within the corridor currency basket 36,20-36,60 rubles.
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Analyst Ratings
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The domestic market showed a decent resistance to the negative news
Euro until not in Forces begin the storming of mark 1.49
Prices EUR /USD pair began to rise to the level of resistance of 1.4760
Technical Analysis for 24/09/2009
Dollar exchange rate is saved without changes - the evening review of cash markets
The worst of the market shares of the banking sector seem to have lost more than 3% in value
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 190.22 billion rubles
As a result of the second half of the trading day the dollar fell by 0.15% to 29.951 rubles
Gazprom and the Yamal-Nenets Autonomous Administration agreed on the integrated development of hydrocarbon deposits of the Yamal Peninsula
We have a lot of free money, but despite this, some investors prefer to take profits
On Thursday in European trading the dollar declined in relation to higher-yielding currencies. Thus the market reacted to a statement from the Fed that a key interest rate will remain in the range of 0,00-0,25% per annum is a long time, and gradually slow the redemption of bonds and mortgage agencies, debt instruments secured by mortgage, expecting to complete it by end of the first quarter of 2010.
oil quotes on Thursday continued to decline, as published on Tuesday and Wednesday of data on the unexpectedly sharp rise in U.S. stocks prompted investors to think about, not determined whether the rise in oil prices rise in the global economy and a corresponding increase in demand.
European stock markets also declined, as cheaper oil a negative impact on energy stocks, but rates of banks are under pressure. We have a lot of free money, but despite this, some investors prefer to take profits and leave the stock market.
strengthening of the ruble against a background of world trends weakening the dollar. Positive impact on the ruble has continued lack of liquidity: the demand for repo auctions with the CBR exceeds the limits, the rates on overnight interbank loans are held in the region of 7.0-8.0% per annum. In my opinion, the banks gradually reduce the debt on a long - expensive unsecured loans CBR and fund the cheaper, short - one-day and seven days repos, as well as attract overnight in the interbank market.
In my opinion, a couple of dollar /euro this week, will be traded within 1,4700-1,4900, Ruble is enough volatility, and will be traded within the corridor currency basket 36,20-36,60 rubles.
Your score will be the first!
Analyst Ratings
The domestic market showed a decent resistance to the negative news
Euro until not in Forces begin the storming of mark 1.49
Prices EUR /USD pair began to rise to the level of resistance of 1.4760
Technical Analysis for 24/09/2009
Dollar exchange rate is saved without changes - the evening review of cash markets
The worst of the market shares of the banking sector seem to have lost more than 3% in value
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 190.22 billion rubles
As a result of the second half of the trading day the dollar fell by 0.15% to 29.951 rubles
Gazprom and the Yamal-Nenets Autonomous Administration agreed on the integrated development of hydrocarbon deposits of the Yamal Peninsula