European currencies continue to feel very confident

Written by admin on July 21st, 2009

European currencies continue to feel very confident on the background of the growth stock index and the overall positive attitude of investors in risky operations. For example, during the trading day on Monday the main pair of the Forex market was able to gain a higher mark of 1.42 dollars per euro. Investors welcomed the news that the largest creditors of American small and medium business bank CIT Group was able to negotiate with the holders of its bonds to provide him financial assistance. Published yesterday, the index of leading economic indicators Conference Board in June showed an increase of 0.7%, which was better than the consensus-forecast.

mixed macroeconomic data were published Monday in the UK, but despite this, the pound strengthened markedly against the American position of a competitor. Money supply (aggregate M4) in the UK in June fell by 0.2% (-3.2 billion pounds) compared with May - the worst trend for the last 4 years. There is still slowing the pace of bank lending. In May, the volume of loans issued by British companies fell by 3.4 billion pounds (0.1% y /y). These figures show for the possible expansion of current programs to mitigate the quantitative, carried out by the Bank of England.

The main event today will be the traditional presentation in the United States Congress, heads of the Fed with a semi-annual reports on monetary policy. Besides continuing the publication of corporate reports. Just this week the results of its financial performance for the II quarter will present more than 100 companies. Today, most interest will cause: Coca-Cola, Yahoo, Caterpillar, Dupont, Apple Computer.

In general, the speech of Ben Bernanke to bid on the currency market will be fairly quiet in the future can be increased volatility, with the single European currency will continue to primarily traded in the range 1,4050-1,4250 dollar.

The market remains strong: the corporate reporting in the U.S. continues to go better than expectations, as oil prices move to $ 70 a barrel
Today promises to be quite rich in terms of accountability of American companies for the 2 quarter of 2009
Russian ruble to the dollar and bivalyutnoy basket today by 11:00 Moscow time was 31.18 and 37.04 rubles
Asian markets today are growing, while Japanese Nikkei225 adds 2.73%, futures on S P500 reduced by 0.25%
Another aim of the MICEX index growth rate can be 1100 points
TGC-14 will send more than 1.6 billion rubles for the reconstruction of Ulan-Ude TETs-1
Futures oil brand Brent traded below $ 66
Index bigmaka: U.S. should cost 3,74 UAH
Kommersant: Gosmonopolii will be calculated with one another Barter

 

Leave a Comment