The international currency market on Tuesday once again dominated by pessimism. Weak stock market indices and the dynamics of mixed macroeconomic statistics pushed up quotes traditionally "safe" currencies. The most confident in herself, the1000Japanese yen. Despite the revision of the SP agency forecast on long-term credit rating to negative in Japan, the players continue to leave in the currency of refuge against the backdrop of uncertainty surrounding Greece, emerging issues in China, and in anticipation of the announcement of the outcome of the meeting the U.S. Federal Reserve.
commodity currencies once again declined under pressure from speculation about possible new regulations by the Chinese banks to substantially limit the amount of granted loans. The threat of slowing economic growth in China affects the price of commodity assets.
significantly decreased up to the day the British currency. Left worse than expected UK GDP data for the IV quarter of provoking the closure of long positions on the pound. According to the National Bureau of Statistics, the economy of the United Kingdom in October-December 2009 quarter showed a modest increase in 0,1%. Meanwhile, market participants expected better results (0.4%). Compared with the same period last year, GDP fell by 3.2%.
This morning was published statistics of foreign trade in Japan. Exports in December 2009 showed an annual increase over the same period last year, 12,1% - the first time in the past 15 months. A positive result is due to the effect of "low base", in particular in December 2008 there was a significant failure. In general, the results of the past year, exports and imports in Japan showed a record decline of 33.1% and 33.9%, respectively. This the first time in history of such statistics, Japanese exports to China exceeded the 2009 volume of Japanese exports to the United States.
Today, of course, the most important event will be the decision of the American Fedrezerva regarding interest rates. And although no one expects changes in the cost of federal funds, the market regulator may kolyhnut comments about the prospects for the program to repurchase mortgage bonds. In addition, more optimistic view on the economic prospects could support the dollar.
In general, today the euro, according to our forecasts, will continue to bargain in predominantly formed sideways 1,4000-1,4180 dollar.
If you change the situation on Russia"s market of foreign sites may jump out of the corridor 1370 - 1400 points on the MICEX
At the opening of Russia"s market will continue to restore, but expect significant growth in prices until the costs: the major players took a break
Futures on the RTS index lost 2.48% the day, dropping to a value of 145 660 points
Under most pressure now may be the paper"s largest Russian banks
Russia stock market is influenced by the negative external background, it is expected a negative opening of domestic sites
Exd82ternal background moderately negative for the market of Russia, America closed moderately lower, Asia traded raznonapravlenno
Today, the closest level of support for the RTS Index futures will mark 147.800 and 149.000 points
Yesterday, the euro /dollar continued its decline in the U.S. session, and reached a mark 1.4041
Budget option