Euro finally trying to match the 1.43

Written by admin on July 27th, 2009

On Friday, the euro was not able to go to storm maxima, while the Dow Jones again closed in the positive, at around 9093, and the price of barrel of mark WTI crude oil surpassed U.S. $ 68, however, are a pair of euro-dollar again held high, at around 1.4260. Markets continue to be optimistic in relation to the rapid end to the crisis. Posted on Friday, the German Ifo index showed an increase once again.

speaker on Friday evening, the representative of the ECB Orfanides said that a gradual economic recovery is the euro in 2010. According to recent economic indicators showed the first positive signs of slowing decline in economic activity. But Ben Bernanke, speaking on Sunday, almost summed up the crisis, saying that the U.S. financial system was saved at the expense of taxpayers, but it was the only way to save it from collapse. We, however, are not inclined to believe that the problems in the financial sector of the U.S. are close to completion. Another well known mine, which may jerk in the United States - is in arrears on credit cards of people, which is now nearly a trillion dollars. For example, Bank of America the level of defaults on credit cards rose from April to May, with 10.47% to 12.5%. One can only assume that will happen in the United States, where the mass of the unemployed for a period of limitation will cease to receive unemployment benefits. This hit not only on consumption and hence on the economy, as we wrote earlier, but could provoke a new credit crisis (and, consequently, a new vast departure from the risks to the dollar) when the population will not be able to repay the regular payments. Meanwhile, the dollar remains under pressure from expectations of US-Chinese meeting of the Strategic and Economic Dialogue, scheduled to begin in Washington today. President Barack Obama will hold a two-day meeting with the Deputy Prime Minister Wong Kishena China and a member of the Council of State Day Bingguo. It was expected that the Chinese side will demand guarantees preservation of their dollar savings, and America will offer China plans to reduce its exports in order to reorient production to the Chinese domestic market, rather than on the American consumer.

Regarding the local situation, we believe that the euro is somewhere in the night to update the maximum year, and even show a note 1.44. Then, the dollar probably will receive support because of the passing this week placements of treasury notes at high volumes.

Quotations of Russian stocks are rising across the spectrum of industries that best illustrates the dynamics of the banking sector
The index of the Frankfurt Stock Exchange Xetra DAX rose by 31.68 point, the index of the London Stock Exchange FTSE 100 fell 0.54 point
In the medium term, the market remains in the descending trend, bearish trend, which began in July 2008, remains in force
Gosmonopoliya on the alcohol market in the current unjustified
The index of the Frankfurt Stock Exchange Xetra DAX rose by 31.68 point, the index of the London Stock Exchange FTSE 100 fell 0.54 point
Pair EUR /USD very active week beginning
Precious metals market review for 24.07.09
The course is kept buying the dollar unchanged - the evening review of cash markets
In Kiev, an increasing number of nedostroev

 

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