Trading day Monday at the international currency market was quite volatile

Written by admin on September 1st, 2009

Trading day Monday at the international currency market was quite volatile. In the Asian and European sessions, the U.S. dollar strengthened to major competitors (except the yen), but by the end of trading in the U.S. national currency is the U.S. lost all advantage. The growth of quotations of safe currencies in the first half of the day was due to Chinese factor. In particular, the stock indexes Celestial Monday sunk more than 5% of conversations about the deteriorating situation with lending to the PRC and the risks of slowing economic recovery.

further support the Japanese currency had the results of elections in the national parliament, where the victory was won by the opposition party.

In the beginning of the North American session of the Institute of Supply Management (ISM) Unveiled index of business activity in the Chicago area, who in August rose to 50 points - the maximum value over the past 11 months. This positive news has intensified the demand for European currencies. The result is that the euro-up Monday, albeit slightly, but rose against the American. In the context of the ongoing holiday season market is still quite thin trading volumes are low, as a result of currency pairs can be quite volatile to react to various news and macroeconomic statistics, which this week in excess.

So, today in Europe and the U.S. will be published indexes of business activity in the industrial sphere. In Germany, the data fall on retail sales in July (10:00 Moscow time.) And the unemployment rate in August (11:55 Moscow time.). Later, the agency Eurostat publishes the overall status of employment in the European Monetary Union (13:00 Moscow time.).

In general, trades on the main pair forex market will be today, according to our forecasts, mainly held in the range 1,4260-1,4400 dollar per euro.

Quotes of the ruble against the dollar and against the currency basket of the MICEX are 31,78 and 38,06 rubles
Confident build positions in contracts, Gazprom continues
On the NYMEX the October London Brent crude adjusted up and added 0,62%
The dynamics of today's trading will depend on whether Brent consolidates above the 70 dollars per barrel
Papers of Russia's oil and gas sector now have a good technical potential for rebound
Likely to happen in the morning of speculative attacks by the bulls, because of oil prices
MICEX today will storm the level of 1100, where he will get a chance to gain a foothold, if the price of black gold level otvoyuet $ 70
Yesterday, the euro /dollar at the U.S. session, rose 100 points to level 1.4365
Forex Market 01/09/2009

 

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