Last Friday a pair of Euro /dollar rose in the U.S. session, up to 1.3970 after testing the bottom in Europe at the level of 1.3880. Pound /dollar reached 1.6160. The pair dollar /yen to test the bottom near the 91.80 level. Rate euro /yen fell to 127.80.
Last Friday Dow Jones index of the New York Stock Exchange fell by 36.65 points (-0.45%). SP 500 index dropped 3.55 points (-0.40%).
Last Friday the price of WTI crude oil in New York fell to the closure of bidding below the level of 60.00 dollars per barrel.
Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. The index of the Tokyo Stock Exchange Nikkei-225 fell 236.95 points (-2.55%). Index of the Hong Kong Stock Exchange Hang Seng fell by 364.71 points (-2.06%). Singapore Straits Times Index rising to 6.60 points (0.29%).
Today in Asia pair dollar /yen after the raise to the level of 92.93 dropped to the Asian session, up to 92.00. Exchange Euro /yen rose to 129.85 marks, but later fell to 128.02. Exchange Euro /dollar fell to 1.3895 marks. Pound /dollar traded near 1.6100 level.
The experts note that the drop in stock indexes and oil prices contributed to more risky instruments sales and purchases of dollars and Japanese yen.
Today, the price of WTI crude oil in electronic trading in New York fell by 0.71 dollars to 59.18 dollars per barrel.
The final value of Industrial output (index of industrial production) in Japan in May 2009 was 5.7% for the month, -29.5% for the year (forecast 5.9% during the month, -29.5% for the year, the previous value of 5.9% per month , -29.5% for the year).
Start the European session, has made adjustments to the dynamics of the foreign exchange market. Forex market is closely monitoring the dynamics of stock market and the emerging macroeconomic statistics.
Today, investors will be focused on the dynamics of the stock and commodity markets and goes macroeconomic statistics.
Market participants expect this week to continue publication of financial reports of major U.S. companies for the second quarter. It is believed that these data may provide new information on the development of the U.S. economy in the second quarter. Forward to the publication of reports of such companies as Johnson Johnson, JPMorgan Chase, Google, General Electric.
EUR /USD: (5 /10 - the trend sideways) : analysts' forecasts for today - to bid in the range: 1.3880-1.4100. Today, expect short-term correction of the market up. Therefore it is possible to short sell on impulse buying from the bottom of 1.3880, T /R = 1.4100, S /L = 1.3840. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, recording a profit.
GBP /USD (5 /10 - the trend sideways) :
For short-term players better be on sale. Actively move the foot, recording a profit.
USD /CHF (5 /10 - the trend sideways) :
Today better be in buying.
actively move the foot, followed by the market, while protecting profits.
USD /JPY: (5 /10 trend sideways) :
now trading inside the corridor 91.80-93.00: better to be in a small purchase with a daily minimum.
actively move the foot, followed by the market, while protecting profits.
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