For the first time in many months, strong positive correlation between the dynamics of stock index and the rate of European currencies disrupted. Published on Friday a positive makrostatistika from the U.S. contributed to the growth of stock quotes and, strangely enough, the strengthening of the dollar. According to the Ministry of Labor of the United States, in July the total number of jobs in non-agricultural sectors of the American economy declined only at 247 thousand - with a minimal loss in August 2008, with the consensus-projection assumes a reduction of 275 thousand
directly unemployment rate in July for the first time since April 2008 showed a decline of 10 basis points to 9.4%.
signs of improvement in the American economy have supported the national currency, violating the traditional to the last months of the correlation. Much of this turnaround was driven by new expectations of investors regarding the timing of the completion of the current unprecedented soft monetary policy by Fedrezerva. In particular, the outcome of Friday trades futures contracts on interest rates show that the players already in January, expect the growth rates of the Fed.
So, in case of further positive macroeconomic publications in the United States the belief of investors in a prompt rise in the cost of dollar funding would only be strengthened by supporting the American currency. Immediate publication of this can be, for example, data on July's retail sales volumes in the United States (Thursday, 16:30 AM EDT.), Although is unlikely to expect significant growth in this indicator in terms of continued compression of the consumer lending market. In June, the volume of loans issued to the population fell again, this time for $ 10.3 billion Another risk factor for the dollar this week - a meeting of the Operations Committee on the open market, the U.S. Federal Reserve, on the basis of which it is possible that the regulator, similar to Bank of England, prepodneset investors an unpleasant surprise by announcing the expansion of the program of redemption gosbumag.
In general, today, trading in the primary pair forex market will be in the range 1,4140-1,4325 dollars per euro.
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Forex - Asia
Today, industrial metals on the LME price is adjusted, the exception is nickel, showing upward momentum
Commodity markets continue their upward trend on reports that demand from China will remain in the II half of 2009
Domestic market is supported by macro-economic statistics for the United States, but current levels of consolidation are unstable
At the beginning of today's session on the RTS index futures fell, the goal is located at the nearest minimum
On the commodity markets: prices for industrial metals remained at the previous values
Goskomstat: Base Inflation in Ukraine in July slowed to 0.5%