August 11th, 2009

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Forex - results of day

Tuesday, August 11th, 2009

Dow Jones (Dow Jones) the New York Stock Exchange fell by 32.12 points (-0.34%) and closed at 9337.95. NASDAQ Index (Nasdaq) fell 8.01 points (-0.40%), and is at the level of 1992.24. Index S & P 500 (SP 500) dropped 3.38 points (-0.33%), and is at the level of 1007.10. Yield 30-year U.S. government bond is 4.526 (has fallen over the previous closing on 0.077).

rate euro /dollar fell to an American session and reached a level of 1.4102. Thus, the strengthening of the dollar in the forex market continues. At the same time, it is noteworthy that the activity of investors is very low.

After Friday

positive review of labor market data in the United States attention to the market this week will be focused on the results of the meeting of the open market, and statements by U.S. Fed Chairman Bernanke Fed (on Wednesday).

expected that the main interest rate in the United States will be left unchanged. Great importance will be statements of the Fed about whether the program continued buying of government bonds, or to be talking about it afterwards.

in terms of reducing demand for risky instruments, there continued depreciation of the pound against major currencies. Pressure on the pound have measures taken by the Bank of England last week for further easing of monetary policy.

pound /dollar fell to 1.6429 today. On Wednesday, investors will also focus on economic data Bank of England report.

price of oil fell to a closing auction in New York at 0.33 dollars to 70.60 dollars per barrel. Click to continue »

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On market talk that in the relatively near future you may see a need to raise basic interest rates in the United States

Tuesday, August 11th, 2009

Analytical review of the Forex market for the August 10

At the auction on Monday in the absence of publications of any major economic indicators for the U.S. currency continued to strengthen its position against its main competitors, owing to the sudden release of more favorable Friday of the U.S. labor market. Recall that in spite of a reduction of jobs in the 325 thousand people, it was just 247 thousand. On market talk that in the relatively near future you may see a need to raise basic interest rates in the United States, and that the U.S. economy may be faster than others to cope with the effects of the global financial crisis and emerge from recession.

So perhaps now, market participants are witnessing the return of the trends, when positive data on the United States will support the exchange rate is the national currency. Note that the U.S. dollar as the Japanese yen, until recently, used by investors as the currency of refuge, usually lost in the positions of relatively high rates, which are more than encouraging economic news.

In terms of reducing demand for risky instruments of course the European currency on Monday declined to the level of 1.4218 to 1.4103, the British pound fell more than 2.5 and the figure reached the value 1.6430, the Swiss franc fell against the dollar up to 1.0882, while , Japanese Yen was able to slightly strengthen its position in a pair of U.S. currency, rising to the level of 96.89.

forecast Tuesday, August 11

According to analysts, the focus of market participants this week will focus on the results of meetings of the Committee of the U.S. Federal Reserve open market, which is scheduled for this Wednesday. Until this moment the market is unlikely to happen any significant changes. At the same time, pressure on the European currency on Tuesday could worsen if foreign trade balance data for the UK will be worse than forecasts, and data on U.S. energy reserves will exceed expectations.

In the case of a breakthrough a couple of euro /dollar level of support 1.4100, the euro could fall up to 1.4000, while the British pound, in the event of adverse developments, it could drop to 1.6300.

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Latin America: sugar expensive, inflationary expectations are reduced

Tuesday, August 11th, 2009

 

On Monday, August 10, stock markets in Latin America completed the trading session with divergent results. The Brazilian market rose to an annual maximum under the influence of the jump in sugar prices and reduce inflationary expectations the central bank economists.

As a result of bidding key index of Brazil Bovespa has increased by 0.9% to a level of 56 830.01, ie, up to a maximum of 7 August, 2008 Mexican Bolsa index rose by 0.5%, and Chilean Ipsa dropped to 0,1%.

According to a survey of 100 economists the central bank of Brazil, consumer prices this year will grow at 4.4%, while the previous forecast of 4.5%. Market participants estimate that as another signal that the central bank of Brazil will not raise interest rates in coming months because the economy is not threatened by the strengthening of inflation.

Against the background of this information, won the Brazilian retail sector. Shares of Internet retailer B2W Cia. Global do Varejo and clothing retailer Lojas Renner moved more than 4%.

The world's largest sugar cane processor Cosan SA Industria Comercio grow 6,9% of market capitalization on the background of a record increase in sugar prices in London. The second-largest sugar producer in the Sao Martinho advanced 3.1%.

The price of sugar this year, flew at 76% and approaching the 30-year maximum, because of the insufficiency of the crop in Brazil and India. World demand for sugar may exceed its production for the year to end in September 2010 to 5 million tons. By some estimates, the production of sugar in 2008-2009 was dropped to 48% to 14.7 million tons, while consumption was 23.2 million tons.

Shares of Brazilian samoletostroitelya Empresa Brasileira de Aeronautica reached the 9-month peak, rising to 7,9%

The second-largest electricity distributor in Brazil's Light has lost 4.4% after it reported a fall in profit for second quarter by 69%, disappointed analysts.

At the tender in Mexico, the index managed to close in the black thanks to the growth shares retailer Wal-Mart de Mexico at 2.9% and the financial group Wal-Mart de Mexico to 3,4%.


Index Country Closing Change (items) Change (%) Value at beginning of year (the last closing in 2008) Change from the beginning of the year
MerVal Argentina 1,793.31 -6.22 -0.35% 1079.66 66.10%
Bovespa Brazil 56,830.01 500.5 0.89% 37550.31 51.34%
IBC Venezuela 46,149.24 -23.36 -0.05% 34927.66 32.13%
IGBC Colombia 10,517.47 79.91 0.77% 7560.68 39.11%
Bolsa Mexico 28,305.32 125.77 0.45% 22380.32 26.47%
IGBVL Peru 13,834.68 -52.32 -0.38% 7048.67 96.27%
IGPA Chile 15,502.47 -15.93 -0.10% 11324.07 36.90%
IPSA Chile 3,276.45 -4.73 -0.14% 2376.42 37.87%

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