U.S. Dollar continued to strengthen on Monday planned to European competitors. In the two-day meeting, Fed U.S. investors continue to cover short positions on the U.S. currency. The confidence of market participants in the near completion of the quantitative measures to mitigate the consequent rise in interest rates continues to grow. Following tomorrow's meeting Fedrezerva players are not waiting for any surprise, considering that the regulator will not announce the expansion of the program of redemption of Treasury securities. To date, of $ 300 billion made available in March of this year for the purchase of government bonds, has already spent 80% of the remaining resources will be spent over the coming months. Commitment Fedrezerva this time and refrain from issuing new measures to stimulate the economy can provide substantial support to the dollar. However, some players are more pessimistic look at the situation, remembering the events of one week ago, when the Bank of England, not looking at the output of the recent positive macroeconomic figures, however, increased by 50 billion pounds buying gosbumag, putting at risk the course of British currency. If the Fed goes for a similar step, the main steam forex again rushed toward 1.45 dollars per euro.
In today's Asian trading session ended with the Japanese Central Bank. As expected, the key rate has remained at the same minimum level of 0.1%. Assessing the prospects for the economy, the governor, included cautious note of optimism. In particular, the Bank of Japan, there are signs of economic growth, although the situation is still quite heavy. The main concern is the situation in the labor market (the highest unemployment rate since 2003 - 5.4%) and price stability (-1.7% deflation). In general, foreign exchange trading in today's Asian session, passed quietly, and at the opening of Europe chief tandem in the forex trading in the region of 1,414 dollar mark for the euro.
Tuesday will be issued a large number of macroeconomic statistics. The greatest interest are the data from the United States with regard to labor productivity in the II quarter (16:30 Moscow time.) And the amount of stock in the warehouses of wholesale trade in June (18:00 Moscow time)..
According to our projections, the single European currency will be traded today in the corridor 1,4030-1,4240 dollar.
Today and tomorrow, most likely multidirectional movement of quotations and the conservation market in a stable range
At most FORTS futures market Monday was in red zone
Foreign sites are now in expectation of Fed rate announcement, which will be held on Wednesday, so until then, it is unlikely to occur strong movement in the market
Strengthening of the dollar and a correction in oil are the main factors that may increase the pressure on the domestic stock indices
The volume of trades in the market shares of the MICEX Stock Exchange on Monday amounted to 95.97 billion rubles
On the market situation remains bezydeynosti, which resulted in the consolidation of the external sites, and our market
In anticipation of the Fed meeting begins today at world stock sites wave fixation profits
The course has increased the dollar - the morning review of cash markets
Kommersant: The National Bank has helped the State