Forex - results of day in the market

Written by admin on August 8th, 2009

Dow Jones (Dow Jones) the New York Stock Exchange rose 144.27 points (1.56%) and is at the level of 9400.53. NASDAQ Index (Nasdaq) rose by 31.79 points (1.61%) and is at the level of 2004.95. Index S & P 500 (SP 500) rose by 16.37 points (1.64%) and is at the level of 1013.45. Yield 30-year U.S. government bond is 4.603 (has grown over the previous closing on 0.086).

Today's unexpectedly good data review of the labor market in the United States led to a stronger dollar at the forex market. Reducing the number of jobs in the United States was not so significant as expected. The unemployment rate in the United States also unexpectedly decreased. Immediately after the publication of these data, investors began to buy more risky assets and sell dollars.

Subsequently, however, this trend has changed since these data are of great importance for the recovery of the U.S. economy. Thus, began buying dollars, especially against European currencies and the yen. Strengthening the dollar was observed simultaneously with the increase in U.S. stock indices.

The market began to talk about that in the middle of next year, you may see a need to raise basic interest rates in the United States. This, in turn, is supporting the dollar. They say also that the U.S. economy may be faster than the others to withdraw from the recession.

After

raise up to 1.4411 euro /dollar fell to an American session and reached a level of 1.4153. Course dollar /yen rose to 97.76 marks, the highest since June 16.

Number of new jobs (Nonfarm payrolls) in the United States for July-247K (forecast of-325K, the previous value-467K).

Unemployment (Unemployment rate) in the United States for July 9.4% (forecast 9.6%, previous 9.5%).

Consumer credit (Consumer credit) in billions of dollars in the United States for June -10.3 (-4.0 forecast, the previous value of -3.2). This figure is worse than released the expected level.

On Monday, August 10, is expected to yield the following data:

in * 23:50 GMT (Sunday) - the index of orders in the field of Mechanical Engineering (Machinery orders) in Japan for the month of June (previous -3.0% for the month, -38.3% per year);

in * 23:50 GMT - Balance of Payments (Current account) in trillion. yen in Japan in June (the previous value of 1.302);

in * 23:50 GMT - Trade Balance (Trade balance) in trillion. yen in Japan in June (the previous value of 0.387);

in * 23:50 GMT - the index of money supply (M2 CDs) in Japan in July (the previous value of 2.5% per year);

at 06:00 GMT - wholesale price index (Wholesale prices) in Germany for July (the previous value of 0.9% for the month, -8.8% per year);

at 06:45 GMT - the index of industrial production (Industrial production) in France in June (the previous value of 2.6% per month, -16.3% for the year).

Market share growth in Russia was closed for more than 2% due to positive data from the United States
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