USD

Markets attacked the blues, they have ceased to believe in a brighter future and rushed to buy dollars in search of refuge. And the fact that the movement is caused by the flight from risk, is confirmed by the dynamics of pair dollar /yen, where the U.S. currency deposited position. All this commotion caused disappointment after two meetings of central banks, rumors about the downgrading of the European countries, as well as fears about the state of the U.S. labor market. Incidentally, the position of States not so stable. It warned the credit rating agency Moody "s, the U.S. could lose a maximum credit rating in the event that the fragile economic recovery does not become a full recovery. However, the dollar, in any case a winner, whether the flight from risk, or belief in the restoration of the American economy.

So, let us count the figures to try to most accurately predict the outcome of today"s release. Most leading indicators, which we have seen this week, indicate the probability of transition employment levels in the positive territory. Very good news after the disappointment of last month and delight in December. Component of ISM employment index in manufacturing and services sectors strengthened on a monthly basis, the number of layoffs from Challenger has dropped significantly, the employment rate of ADP reflected a minimal drop in two years. All this clearly indicates a recovery in the labor market dollars. Nevertheless, a report released yesterday by the number of requests for unemployment benefits had been disappointing. Seasonally-weighted initial treatment for benefits b /d in the U.S. rose by 8,000 to 480,000 for the week of 30 January and 4-week moving average has strengthened to 11 750 to 468 750.

So, as always, the day promises to be interesting, but unpredictable bidding. If expectations are not met, and the index remains negative, the first reaction would be the sale of the dollar, after which (with the return flight from risk) may be a correction. Nevertheless, here it is worth paying attention to the figures for the previous month: in the case of upward revision, it can neutralize the negative of the weakness of current levels of employment. And once again remember: often the market"s first reaction after a certain time (with the opening of stock markets) is replaced by the opposite. So it is quite reasonable to further analyze the data and open in the opposite direction from the initial motion.

&l1000t;b> EUR

On Thursday, the rumors about the probability of default of Greece, Portugal and Spain have only intensified, and neither the Commission nor the ECB failed to calm markets. The expansion of credit default swaps, these countries only increased the excitement, which led to a further decline in demand for euros. Let us explain more swap, the more investors want to take the risk of obligations Greece, Portugal or Spain. All this may mean that while the problems with the budget deficit will not be resolved, the ECB would not dare to go to a policy tightening. Even Trichet that "Greece is on the right path" did not return the market expectations. Click to continue »

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%). Click to continue »

USD /JPY

Prices are testing the resistance level of 91.00. If he will be overcome to continue growth, the primary purpose of which is likely to become a mark 91.50/55. But at 4-hour chart (Figure 1) trend indicator OsMA bought a downward direction. Therefore, it is possible that this level will not be passed and prices, rebounding from him, will fall to a mark of 90.70, and, further, 90.40. Oscillators turned different directions. On the hourly chart (Fig. 2) OsMA acquires an upward trend. Up around and SS, and RSI. All this confirms the supposition about the possibility of a breakthrough level of 91.00 and the continuation of price growth.
In my opinion, is to wait for clarification of the situation and only then take any commercial decisions. Short-term position for the purchase with a close stop-loss to open only after confirming the breakthrough level of 91.00.
Support: 90.70, 90.40, 90.00, 89.70, 89.40, 89.00, 88.70, 88.40/30, 88.00, 87.40/30, 87.00, 86.40, 86.00/85.90, 85.20/00, 84.40/30, 84.00, 83.00.
Resistance: 91.00, 91.50/55, 92.00, 92.40, 92.70/85, 93.00/20, 93.50/60, 94.10/00, 94.60/50, 94.90/95.00, 95.30, 95.90/96.00, 96.30, 97.00, 98.00.

USD /CHF

Prices are consolidated in the 1.0600 resistance level. If he is overcome, it is worth waiting for further gr1000owth, the primary purpose of which is likely to become a mark 1.0650. In favor of such an outcome can say that at the 4-hour chart (Figure 3) trend indicator OsMA confident enough upwards. In the bull towards the fixed and both oscillator. It is worth noting that SS already overbought zone and, consequently, may give a signal the beginning of a rollback. On the hourly chart (Figure 4) the situation is the same. OsMA acquires an upward trend. Up around and SS, and RSI. All this confirms the supposition about the possibility of breaking a mark 1.0600, and the continuation of the ascending phase of the movement.
However, in my opinion, the possibility of opening positions for the purchase with a close stop-loss should be considered only after the confirmation of a breakthrough price resistance level 1.0600.

Support: 1.0550, 1.0500/1.0490, 1.0445, 1.0400/1.0390, 1.0360/50, 1.0320/00, 1.0280, 1.0250/40, 1.0200, 1.0175, 1.0140/30, 1.0100, 1.0070, 1.0035, 1.0000, 0.9975, 0.9940.
Resistance: 1.0600, 1.0650, 1.0700, 1.0730, 1.0760, 1.0800, 1.0850/60, 1.0900, 1.0935, 1.1000/10, 1.1050/60, 1.1100/20.

EUR /USD

prices resumed their downward movement. Click to continue »

Yesterday, U.S. stocks declined moderately. Disappointing forecasts from the leader of the pharmaceutical industry, Pfizer, have put pressure on the position of the corresponding segment of the shares. Not very pleased with the players and published data on activity in the U.S. service sector in January, which showed an increase to 50.5, which is slightly not have lasted up to analysts" forecasts. But all these were formal occasions a small cooling of the market after two days of strong growth. I think that before leaving Friday"s data on the labor market, U.S. indices remain moderately optimistic.

Oil prices yesterday came under pressure of three factors: the strong dollar (EUR /USD 1,3890); reduction in processing and reduce oil consumption in the U.S., as well as the downward dynamics on the stock exchanges. Click to continue »

Stock market U.S.

All of the sale of housing in the United States, supplemented by indicators of profits, were the main cause of the ongoing two-day rally in U.S. stock markets. Paper Lexmark - the second larges1000t manufacturer of printing equipment and DR Horton - one of the leading construction companies have completed the trading session in the Green Zone rising to 11% by becoming leaders in the SP 500 index. Equities General Electric, in turn, held the lead among the other participants SP 500 index. Growth in sales volume by 25% in the vulgar month sparked the rise of shares Ford Motor Co. up to 2,4%.

European stock market

euro rose in European trading on Tuesday due to a narrowing of yield spreads between Greek and German state bonds in anticipation of the reaction of the European Commission on the financial plan of Greece. The budgetary difficulties of Greece - this is a problem for the entire euro zone, said the country"s authorities on Tuesday, warning that other members of the unit may become a victim of "unprecedented" attack on speculators. The award, which investors demand for buying Greek debt, last Thursday reached the maximum value for the history of the euro - 405 basis points over German government securities.

Asian stock market

Asian markets continue to remain positive amid rising prices for commodities and commodity assets, with the support of macroeconomic statistics for the United States. James Hardie Industries NV - the largest shares of the company sales cladding material in the U.S. grew by 3.8% in trading in Sydney. Cnooc - one of China"s largest developer of oil fields has increased by 8,7% in trading in Hong Kong, after the statements of the company"s intention to increase oil and gas production by 28% during the year. Revenue growth research company in the field of computer systems - Itochu Techno-Solutions was the cause of the growth of stock quotes on a 6,9%.

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European stock exchanges largely due to commodity companies shares closed in positive zone. The focus of the paper were mining due to increased recommendations for securities companies such as Rio Tinto and Anglo American. In addition, prices for metals an1000d oil gained weight rapidly on a background of strong statistics and the retreating dollar. As a result, demand for used paper and power industry, with the exception of the oil company BP, whose profits on the basis of the IV quarter was below the forecast values.

U.S. stock markets on the day note that the confidence growing major indices. Positive role played by analytical units, which increased the ratings on a number of papers from the commodity sector, which has led to the growth of shares of mining and energy companies. In addition, prices for oil and metals favored purchases in the stock markets. Click to continue »

A single European currency on the basis of the trading day Tuesday was able to slightly strengthen against the U.S. dollar. Concerns about the fiscal problems of Greece somewhat subsided, thereby increasing the demand for euros. Market participants expect the European Commission as soon as the final plan would support the Greek government to reduce the budget deficit and reduce debt load. Against this background, bond yield spread in Greece and of similar duration of the German market (benchmark European debt market) on Tuesday declined.

In general, during yesterday"s trading "American" is losing ground against most competitors. The exception was only the Australian dollar, whose value after the announcement of the outcome of the meeting of the Reserve Bank of Australia declined. In particular, the RBA has kept interest rates at 3.75%, while the market had expected further tightening of monetary policy. Such actions demonstrate the uncertainty of financial authorities in the future prospects of rapid economic growth. Click to continue »

Yesterday, the euro /dollar continued its rise on the U.S. session, and reached 1.3973 marks, it is almost 90 points higher than the daily minimum. Couple pound /dollar rose to 1.5993 marks. A pair dollar /yen established near the mark of 90.40. Cross exchange rate of euro /yen was trading at the end of the session near the level of 126.20.

The experts noted that the weakening of the currency funding and increased demand for risky instruments contributed to the output of statistical data in the U.S., indicating a significant increase in business activity in the country. Support was also the so-called "commodity currencies: Australian, New Zealand and Canadian dollars, which is also associated with the growth of quotations on the stock markets.

Yesterday, the Dow Jones index of New York Stock Exchange rose 111.32 points (1.09%). The Nasdaq rose 18.86 points (0.87%). SP 500 index rose 14.13 points (1.30%).

Yesterday index Frankfurt Stock Exchange Xetra DAX rose 55.18 points (0.98%). The London FTSE 100 index rose 35.90 points (0.68%). Bloomberg European 500 Index rose 1.58 points (0.91%).

Today in Asia remained the main driver of the market the Japanese yen, which is significantly corre1000lated with the dynamics of the stock market. Index of the Tokyo Stock Exchange"s Nikkei 225 rising by 32.23 points (0.31%). Index of the Hong Kong Stock Exchange on the Hang Seng rising 261.16 points (1.29%). Singapore Straits Times Index increased by 26.53 points (0.98%). Index SP /ASX 200 rising by 42.60 points (0.93%). Click to continue »

On the second day of the week the American currency continued to roll back the progress of the peaks. Thus, the euro /dollar continued to move towards 1.4000 and was able to reach the maximum of 1.3974, the pound /dollar rate had almost touched 1.6000, the dollar /franc 1.0550 gone to t1000he area, and the dollar /yen has broken away from 91.00, and went below 90.50. Only AUD against the U.S. dollar has been strengthened: the interest rates in Australia, contrary to expectations, were not increased, but remained stable, resulting in a country"s currency prices dropped sharply on a penny, lost in district 0.8800, while the later recaptured about half the losses . This move also affected by other more profitable than the USD, currencies, but to a much lesser extent.

Other published during the day "fundamentals" have not led to a serious reaction to the market. In general, activity in the market has been reduced, because the bidders are awaiting a decision of the Central Bank euro zone and Britain on Thursday and the rate of release of data on non-agricultural employment in the U.S. Click to continue »

Tuesday, February 2, the main American stock market indices in the first half of the trades have demonstrated positive dynamics on the background of good corporate reporting.

By 19:57 Moscow Time barometer of blue chips, the Dow rose to 0,618% to a value of 10 248.51 points, a "broad" SP 500 index rose by 0,747% and achieved a mark 1 097.33 points. Indicator with a large proportion of high-tech stocks Nasdaq added 0,433% to the value 2 180.6 points.

Shares D.R. Horton "recovered" at 1,64%. The second-largest U.S. builder reported on the financial results in the first fiscal quarter ending in December 31. Net income for the period totaled $ 192 million, or 56 cents per share, compared with a net loss of $ 62.6 million, or 20 cents per share a year earlier. Analysts had expected a loss in the first quarter will be 26 cents on the paper.

Papers of the largest U.S. aluminum producer Alcoa strengthened to 2.54% after Citigroup analysts raised their recommendations on them to "hold" to "buy". Do not overlook the experts Citigroup, the world"s largest copper producer Freeport-McMoRan Copper Gold. In their view, growth in demand for copper from China will help increase profits. Click to continue »