Forex Market 24/08/2009

Written by admin on August 24th, 2009

 

According to published in last Friday's data, the August index of business climate in the manufacturing sector of EMC was 47.9 Fri against 46.3 in July this year, and was thus slightly higher than analysts had expected an average value of 47,8 Fri
Sales in the secondary housing market in the U.S. last month rose to the level of 5.24 million at an average prognosis equals in this case 5.00 million and 4.89 million in June 2009

substantial additional support for the bull trend of the world segment on highly risky investments, apparently, had a statement on Friday the Fed Chairman BS Bernanke.

Reserve again quite clearly expressed its position that does not think the current macroeconomic conditions are favorable enough for the beginning of folding in the foreseeable future monetary policy of expansion. On the other hand, according to the Fed, the high level of international cooperation in the field of crisis management and developing greater control over the processes of governing structures in macroeconomics and finance are the guarantee of future success in overcoming problems associated with the reduction of financial support for a centralized economy to the extent of its recovery.

Against this background, the EUR /USD continued to increase, reaching up to the last trading day week 1,4335.

output in the next few days, large amount of important macroeconomic statistics, may cause some increase in volatility of financial markets. However, in general, the chances of some further appreciation of the euro against the U.S. currency, supported by quotations sector investment in risk at the end of this - the beginning of next month is possible.



Quotes ADR on Russia's paper indicates the likelihood of continued moderate growth
The only risk to the upward movement is out on Tuesday the data on an index of consumer confidence in the U.S.
Trading volume on the stock market, MICEX Stock Exchange on Friday amounted to 109.47 billion rubles
Significant growth of the MICEX Index on Friday may be the reason for the technical correction this afternoon trades
From the standpoint of long-term investment, Rosneft, Russia's most attractive chip
On Friday, many stock futures on FORTS managed to build bases, settled in contango
U.S. stock indices closed higher on Friday assured
Ukraine is committed to Euro-2012
The British Government urged not to take into account the policies in selling Opel

 

Leave a Comment