A single European currency on the basis of the trading day Tuesday was able to slightly strengthen against the U.S. dollar. Concerns about the fiscal problems of Greece somewhat subsided, thereby increasing the demand for euros. Market participants expect the European Commission as soon as the final plan would support the Greek government to reduce the budget deficit and reduce debt load. Against this background, bond yield spread in Greece and of similar duration of the German market (benchmark European debt market) on Tuesday declined.
In general, during yesterday"s trading "American" is losing ground against most competitors. The exception was only the Australian dollar, whose value after the announcement of the outcome of the meeting of the Reserve Bank of Australia declined. In particular, the RBA has kept interest rates at 3.75%, while the market had expected further tightening of monetary policy. Such actions demonstrate the uncertainty of financial authorities in the future prospects of rapid economic growth. In addition, inflationary pressures are not so high that in a matter of urgency to raise rates. In his statement, the regulator also pointed to a "threat" as China. Efforts by the authorities Celestial steps to reduce the monetary incentives for their own economy, could affect the rate of recovery of the Asia-Pacific region.
In general, market participants are still in no hurry to open a significant position in anticipation of the key events of the week. So, tomorrow the European Central Bank and the Bankc6bof England will decide on interest rates, and on Friday the U.S. Labor Ministry to unveil its traditional report on the number of jobs in vneselskohozyaystvennyh industries. Prior to this key pair will mainly be consolidated within the current ranges.
Thus, the euro, according to our forecasts, today will be traded in the corridor 1,3850-1,4050 dollar.
Demand in today"s trading may use shares of oil and gas sector and telecoms,
Oil prices were fixed above $ 75 a barrel, so that the formal reason for the correction of the market today there
Trading volume on the stock market the MICEX Stock Exchange on Tuesday amounted to 100.54 billion rubles
Discoveries of Tori on the Russian stock market can be expected to break up on 1,0-1,5%
Today before the U.S. session in most sectors can be observed Consolidation
Russian stocks today will continue to open up, and the MICEX index may go to 1450 points
Forex: The European Commission will understand how great the risks for the euro
Latin America: regional stocks took heart
Exchange rate of dollars saved without changes - a review of cash markets