Forex Market for 23/09/2009

Written by admin on September 23rd, 2009

 

According to information published yesterday, the American regional business climate index calculated by FRB Richmond in September of this year unchanged from the previous month and amounted to 14 pt. with an average forecast of this index is16 points. The July indicator of housing costs in the U.S., according to Federal Reserve Housing Enterprise Oversight has shown an increase of 0,3% (m /m) against its previous value, with a revised decline to 0.1% versus 0.5% previously, and the average forecast equals in this case, also 0,5% (m /m). This information, despite its controversial nature, however, did not influence the general mood of investors world-segment investment in risk.

The market currently seems, is guided in their expectations for more important information. They have a relatively high degree of probability, first of all, we can assume the outcome of the meeting scheduled for today, the Fed, the results of the summit G20, which will be held September 24-25 this year, as well as information on Oct. 6 this year start - U.S. corporate reporting season.

At the moment it seems that the expectations of the market as a whole, and analysts' forecasts now a dominant show in favor of preserving the world's leading countries coordinated policies to further monetary and administrative support to the global financial segment.

Implementation of such a scenario, based on statistical experience of the last quarter, possibly in the near future, as a result would support the rally on the segment of risky investments.

At the same time, increasing the risk of administrative pressure on European banks to enhance their investment - which seems to intensify after the elections to the Bundestag, Germanic - as well as possible additional softening of this background, monetary policy, ECB, indicated a continuing potential weakening of the euro against the dollar, at least - in the medium term.

The base interest rate, obviously, will remain unchanged, but Bernanke's comments could seriously shake up the financial markets
Positive about the prospects for Russia's economy and the stock market gets stronger
More likely course of bidding for now appear to volatile fluctuations in the major indexes near current levels
Now Russia's indexes are near annual highs, trying to find drivers for continued upward movement
It is possible that prior statements of monetary authorities to the U.S., investors will prefer to be out of the market and begin to record profit
Most Asian stock indexes today demonstrates a smooth downward momentum
Oil firm hold on the level of $ 70
ISSUERS allowed losses
Turkmen Gambit

One of the key energy so early autumn was the fate of the Turkmen gas ...

 

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