Forex Market 07/09/2009

 

Quotes sector investment in the risk of open bidding began the week growth, against this background that the EUR /USD today to the opening session of the European recovered at levels near 1.4330, and in terms of technical factors, maintain in the coming weeks to test levels resistance to 1,44 and 1,45.

Meanwhile, the G20 countries on Saturday culminated in the summit said the final communique that will continue to strengthen monetary and fiscal crisis measures, because management believes that the leading nations of the world, the positive trends noted in the global economy are still fragile.

Characteristically, this time in the matter of significant contradictions in the positions of representatives of the U.S. and the EU were not observed.

Regarding the issue of downsizing programs macroeconomic stimulus, according to the statement Twenty Grand by the results of the London forum, these actions - concerted and coordinated - will be developed and made only after the restoration of the world economy will be shielded from risks.

Against this background is somewhat less favorable than expected on the market, the August index of the data employed in industries outside of agriculture in the USA, published on Friday, ultimately, did not have a sustained negative impact on the quotes, financial and investment sector. The value of this indicator in July of this year been revised down to -276 000 against -247 000 previously, while at the same time, the rate of the indicator for the last month amounted to -216 000 at an average prognosis, it is equal to -223 000.

Should also be noted that the unemployment rate in America in August 2009 increased to 9,7% against 9,4% in July this year and 9,5%, the expected average professionals. This information, however, given the well-known market forecasts Fed, expecting a relatively slow recovery of employment in the U.S. in the coming quarters, hardly was a surprise to investors.

Overall, the situation on world financial markets at the moment looks fairly stable. At the same time to improve in the coming weeks, the prices of risky assets remains. This development is essential, first of all - the re-investment activity in the global lending sector, and along with it - and to improve in the medium term macroeconomic indicators of the world economy as a whole.

Today the U.S. celebrates Labor Day, but because our market will focus on Europe
It is possible that to date domestic sites complete growth
As soon as the speculators always try to fulfill a five-year plan in three days
In the short run does not exclude certain depreciation of the ruble in relation to leading world currencies
Recovery of interest in steel segment in the world should contribute to the growth of shares of domestic metallurgical
Asian Markets intercepted the baton of growth from its overseas counterparts
Goskomstat: Deflation in Ukraine in August accelerated to 0,2%
Rate for the dollar has dropped - a morning review of cash markets
Ministry of Finance said the budget targets

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