Yesterday, the euro /dollar fell on the U.S. session to 1.3718 marks, which is 182 points below the daily maximum. Couple pound /dollar sank to a mark 1.5728. Pair dollar /yen was established near the mark of 89.00 after falling to 88.50. Cross the euro /yen was trading at the end of the session near the 122.10 level.
The experts noted that the weakening of the currency of the European bloc have speculation about the fact that significant problems with the financing of the budget deficit is not only Greece, but Portugal and Spain.
Yesterday, ECB President, Mr. Jean-Claude Trichet said that the problems with growing budget deficits, many countries have the euro zone. Trichet also expressed confidence that Greece will strictly follow the approved plan this week out of the crisis and achieve the goal. ECB President welcomed the statements by American officials that a strong dollar remains in the interests of the United States.
Analysts noted that the speech of Jean Claude Trichet is not too reassured investors about the prospects for development countries in the euro area. This is reflected in a significant pressure on risky instruments, a drop in prices on stock markets, as well as lower prices for oil and precious metals.
Yesterday, the Dow Jones New York Stock Exchange fell 268.37 points (-2.61%). The Nasdaq fell 65.48 points (-2.99%). SP 500 index dropped to 34.18 points (-3.11%).
Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX fell 138.85 points (-2.45%). The London FTSE 100 index fell 113.84 points (-2.17%). Bloomberg European 500 Index dropped to 4.60 points (-2.63%).
course of gold fell yesterday for a day on fifty dollars to a mark of 1059.80 dollars per troy ounce.
Preliminary value Productivity in the U.S. for the fourth quarter of 2009 amounted to 6.2% (forecast was 6.1%, the previous value of 7.2%).
Jobless claims in the United States for the week to 30.01 was 480K (the forecast was 456K, the previous value of 472K1000).
Factory orders for December 2009 in the United States amounted to 1.0% (forecast was 0.4%, revised from the previous value of 1.1% to 1.0%).
Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. Index of the Tokyo Stock Exchange"s Nikkei 225 falling to 273.88 points (-2.64%). Index of the Hong Kong Stock Exchange, Hang Seng falls to 592.31 points (-2.91%). Singapore Straits Times Index fell to 53.50 points (-1.95%). Code SP /ASX 200 fell to 107.30 points (-2.32%).
Today in Asia, the euro /dollar is trading near 1.3700. Rate pound /dollar traded near the 1.5715 mark. Pair dollar /yen is trading slightly above the level of 89.50. Gold is trading close to 1064.10 dollars per troy ounce.
start of the European session, failed to make the adjustment in the dynamics of the currency market. Forex market closely followed the dynamics of the stock market, and for overlooking the macroeconomic statistics. The focus of investors this week focused on the publication of its annual review of the labor market in the U.S., which is scheduled for today.
My tactical views:
EUR /USD: (5 /10 - the trend downwards): Today analysts" forecasts - up for auction in Rendžov: 1.3670-1.3850. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.3650, T /R = 1.3850, S /L = 1.3590. For position traders are opening down the local daily leaders. Actively move the foot, fixing the profit.
GBP /USD (5 /10 - trend is down):
For short-term players better be in buying. Actively move the foot, fixing the profit.
USD /CHF (5 /10 - Trend Up):
Today is better to be out of the market.
actively move the foot behind the market, protecting profits.
USD /JPY: (5 /10 trend sideways):
now trading inside the corridor 89.00-90.50: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.
Cuba will help Venezuela to overcome the energy crisis Government price increase calls "political sabotage" and face speculators criminal cases ...
Government approved the concept of the State program of development of rural areas until 2020
Who is the author of "sweet" deficit?
While the major sales in Russia"s market was not observed, leaving the hope that the decline today may suspend
In the first half of the session, the sale of touch all sectors of Russia"s market
Russia market is in limbo, and to choose the direction of further movement he needed guidance from outside
External background is negative for the market of Russia, America had closed certain decline, Asia traded mostly down
The external background is negative: America closes certain decline, Asia traded mostly down
Analytical review of the FOREX market for Thursday, February 4, 2010