Thus, the euro-dollar has updated a maximum year, showing a mark 1.4992, and thus struck the last resistance of 1.4960 on its way, being in neprotorgovannoy 1.4960-1.53 zone. However, faster growth is not yet happening, apparently hampered by the fact that the 1.50 mark is a psychological barrier. But we continue to believe that the completion of the approach of growth can be expected only when the euro will show two or more pulsed daily candles (height of 150 points or more). Meanwhile, the euro at the daily charts is growing slowly, but steadily, indicating a struggle, and volumes. Once faith indeces bears in the fact that the euro-dollar will not stop, will be broken, the pair immediately quickly and without volume fly up. In principle, the hope of bears like to eat. Because, on the one hand, all markets are growing absolutely no apparent reason, but on the other hand, no one believes in the longevity of the current optimism. However, this did not prevent oil prices rise to new highs this year, 80.5 dollars per barrel mark WTI.

ECB President Trichet yesterday at a conference this after a meeting with euro zone finance ministers in Luxembourg, has once again expressed concern about excessive volatility in currency markets, meaning, obviously, adversely affect the growth of the euro against the dollar on the economies of the euro area . Click to continue »

Dynamics

Quotes of the oil market on Monday, October 19 jumped in price to a new annual maximum to a mark of $ 80 per barrel against the backdrop of the fall of the dollar in the currency market FOREX, and also because of the positive trend of the stock markets and adjacent areas.

At the New York Stock Exchange NYMEH cost of the November futures for U.S. light crude rose by 1.08, and its price, therefore, amounted to 79.61 dollar per barrel.

The exchange ICE in London, Brent crude futures price rose 0.78 to 77.77 dollars per barrel.

Causes

On Monday, October 19 quotes on the market of black gold have jumped in price to a new annual maximum to a mark of $ 80 per barrel, by demonstrating with an eight in a row closing on a positive territory against the backdrop of the fall of the dollar in the FOREX market because of growth in risk appetite, based on the optimism about the prospects for reviving the global economy, but also because of the positive trend of the neighboring markets, namely the rise in prices for precious metals and equity grounds, which are updated yearly peaks due to unexpectedly high earnings for the quarter and 3 reported that the economy has recovered and can strengthen the financial system, the part of regulators (Dow Jones industrial average - 10092.19, Nasdaq Composite - 2176.32, SP 500 - 1097.91). Click to continue »

America and Europe

indices of the New World increased by 0,9-1,0% against a background of positive corporate news and the excessive liquidity. Trend to increase, which has been established on all fronts until the break can not, despite its apparent fragility.

indices of the Old World have increased by an average of 1,5% with an eye to their American counterparts, local corporate accounts and improve the next round of recommendations from leading analysts.

raw materials, currency and so on

Prices for industrial metals in London tore up the price of gold roseto $ 1070, oil prices came close to $ 80, - all this is happening against the backdrop of another round of dollar depreciation. There is an assumption that because America's national currency reacts to the aggressive actions of a number of Latin American and Arab countries in terms of building a strategy to phase out the use of U.S. Click to continue »

Dynamics

dollar finished the week a slight rise. When the pair EUR /USD again fell below the 1.4900, the pair GBP /USD was unable to overcome the 1.6400 mark, and the pair USD /CHF rose to a mark 1.0200.

Japanese yen remained near the lows reached against other currencies. When the pair USD /JPY closed slightly below the 91.00, and the pair EUR /JPY consolidated above 135.00.

Commodity currencies decreased slightly against the U.S. dollar. Thus, the pair AUD /USD fell below 0.9200, the pair NZD /USD closed around 0.7400, and the pair USD /CAD has completed a week around 1.0400 marks.

Causes

On Friday, investors took a break and chose to commit a certain portion of profits, following a decline in stock indexes. The occasion was a disappointing record of Bank of America. Nevertheless, the favorable data for industrial production in the United States several improved investor sentiment, however, published a little later, a preliminary index of consumer sentiment University of Michigan, were suddenly noticeably worse than expected, returned to the pessimism in the market. Click to continue »

On Friday, the U.S. stock market dominated by pessimism among market participants on the background of the publication of financial results of a number of companies. This loss Bank of America in the 3 rd quarter amounted to 0.26 per share, against the forecast 0.12 per share.

also been published net capital inflows, which in August amounted to $ 10.2 billion from - $ 107.7 billion a month earlier. Index of the University of Michigan consumer sentiment in October was 69.4 against the forecast of 73.0 and 73.5 in September.

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.66%, S P500 -0.81%, NASDAQ -0.76% /.

From a technical point of view, on Friday the Dow Jones opened with gepom down, breaking the lower limit of the diagonal triangle, after which the bulls during the session, a testimonial for this border from the bottom up, adjusted decline of 15 October to 61.8% by Fibonacci, which allows the resumption of decline.

On the daily chart the Dow Jones pushed from the top of the flag /divergent triangle formed where the wave is,

At the same time, an hourly chart of the MACD indicator is still triple bear divergence, and the indicator Stochastic's in buying.

On the daily chart the Dow Jones index continues to move at once in 3 classic formations, such as divergent triangle, a wedge, and the local rising flag, whose upper limits tend to 10090-10200 points. Click to continue »

So, while the euro rose to 1.4967. Antidollarovoe rally in all markets continues unabated. In the euro-dollar increase in the volume continues, the pair showed 13 small consecutive four-hour candles in a row. With a penetration 1.4960 mass market, probably will not be able to resist the growth and acceleration of the motion will occur. 1.53 Charges option we are determined to see in the next few days, but most likely, even at this current wave of growth will not be completed. In general, we still see no comment on the local market situation in the context of the ongoing trend.

But it makes sense to focus on the future prospects of couples. Some time ago we expected that the dollar rally will certainly be completed punitive action against the players encountered in long-term dollar selling at the output of the summer range, and in November, waiting for a terrible crash euro (up to 1.42) and in all markets. Even earlier, in the first half of summer, we thought that the bulk of growth to a mark of 1.47, before the end of August, after the collapse in the euro area 1.31-1.33. All of these scenarios, we were forced to reconsider, because the euro has grown relatively slow, the volumes, and hence the movement was more than justified. Our last scenario is that the euro will rise until the end of the year upto 1.56-1.57, but the historical highs euro still will not update. Now we tend to assume that the upward movement will not end even in December or January and the euro will exceed 1.60 in the trend, going from the beginning of March. Naturally, this will mean a continued rally in all markets, especially commodity. At the same time, many analysts write that the current expansion is completely unfounded, purely speculative, aimed at ensuring that due to the effect of the crowd to entice an unreasonable weight in buying assets and then sell them to the maximum of the assets, after which the stock markets, oil, etc. crumble and reveal the second floor. As proof of unreasonableness growth they cause U.S. economic data, which seemed to show no improvement. In particular, unemployment in the U.S. continues to grow, credit is reduced, etc. On the mass of other hidden mines in the U.S. economy we ourselves have written repeatedly. Nevertheless, it is necessary to draw attention to the fact that growth in the U.S. in the second quarter is revised to -0.7% per annum, and the data for the 3rd quarter, which will be published later this month, expect growth of 2.7% per annum! Of course, one could argue that it is painted statistics. But we just tend to think that the latest data, for example, Nonfarm Payrolls, most noticeably distort the picture on the downside. The situation in the U.S. economy really began to improve. If it were not so, we would not see now going full speed a falling dollar, which benefits the U.S. Click to continue »

Reporting JP Morgan and Intel has given new impetus to the growth of stock markets. The Dow had struck a key milestone in § 10000, while the dollar and treasuries continue to fall amid growing investor appetite for risk. At a weaker dollar and rising prices for raw materials rally in the domestic market will continue today. Russia's indexes have been steadily on the opening break highs in 2009.

In the U.S. trading session, the Dow had struck the psychologically important level in Section 10000 and closed at around 10015 n. (1,47%). SP index rose yesterday to 1.75% to 1,092 p. The continuation rally on the American market contributed to yield strong reporting technology based companies and banks. Financial results and forecasts Intel surpassed expectations, and experts point to the recovery of demand for the products of the company to pre-crisis levels. As shown Reporting JP Morgan, the bank's profit increased by 8 times compared with last year's rate to 82 cents per share, which gave a powerful impetus for the growth market of the banking sector.

strong statements the leaders of American stock market has overshadowed the macroeconomic statistics. The end of the program of state support auto industry retail sales in the U.S. fell in September to 1.5% from revised downward in August increase of 2,1%. However, except for vehicles sales rose, with stronger than expected forecasts: growth was 0,5%.

At the same time, import prices had been marked by weak growth - in September they rose by 0,1%, significantly below the August jump in 1,6%. Despite the very modest increase in import prices, it should be noted that it has lasted six months and is currently among the components rising in price leads neenergetiecheskie products, which speaks about the signs of inflation. However, the fight against price pressures - the theme for subsequent years. At present, import prices in the United States remains at 12% below their 2008 levels.

Minutes of the Federal Reserve last month, added optimism to investors. Despite recent statements Fedrezerva head Ben Bernanke's willingness to begin tightening monetary policy if the economic situation improves, a number of members of the Federal Open Market Committee expressed support for expansion of programs to repurchase the bad assets. Click to continue »

Dynamics

U.S. dollar continued its decline. At the same time EUR /USD pair has updated an annual maximum above the 1.4900 mark, the pair GBP /USD rebounded above the 1.6000 mark, and the pair USD /CHF continues to fall, approaching 1.0100.

Japanese yen lost its position against other currencies. When the pair USD /JPY consolidated slightly above 89.00, and the pair EUR /JPY again traded above 133.00.

Commodity currencies have strengthened slightly against the U.S. dollar. Thus, the pair AUD /USD continues to rise, bargaining above 0.9100 marks, a pair NZD /USD rose above 0.7400, and the pair USD /CAD moves toward 1.0200.

Causes

U.S. dollar continued its decline against a wide range of currencies against the further growth of stock indices. Positive atmosphere reigning in the market was underpinned by a series of favorable developments. In particular, the minutes of the last meeting of the Federal Reserve indicate that the central bank continues to gravitate toward a soft monetary policy. This is good for buying the euro and other higher-yielding currencies for U.S. dollars. Data on retail sales in the United States were moderately positive, because in September they fell somewhat less than expected. Report on JPMorgan profit has also been very positive. Click to continue »

Dynamics

Tuesday 13 October and results of the auctions quotes for gold and silver have shown upward trends in price against the backdrop of the fall of the dollar in the currency market FOREX, and also because of the positive trend of the neighboring markets, and due to technical factors.

As a result of trading on the COMEX, division of the New York Mercantile Exchange (NYMEX), quotes gold futures rose by 7.50 to 1065.00 dollars per troy ounce, quotes, silver futures rose 2 cents to 17.84 dollars per ounce.

Causes

Tuesday, October 13 quotes for precious metals market showed upward trends in price against the backdrop of the fall of the dollar in the FOREX market to a basket of world currencies, and also because of the positive trend of the neighboring markets, namely the rise in oil prices, and Because of technical factors - update new highs in gold prices. Failure to take advantage of stock market indexes rise on the eve of some limited growth in prices for precious metals. Click to continue »

Yesterday, the euro /dollar at the American session down from the level of 1.4874 to 1.4796. Rate pound /dollar rose to 1.5925 marks, which is 220 points above today's minimum. The euro /pound sank to the level of 0.9410 to 0.9315. Pair dollar /yen dropped to a mark of 89.41. Cross the euro /yen grew to the level of 133.47, but by the end of the session fell to 133.30.

The experts noted that the change trends of weakening of the dollar until early to say.

Yesterday, the Dow Jones New York Stock Exchange fell 13.76 points (-0.14%). The Nasdaq rose 0.56 points (0.03%). SP 500 index dropped to 2.63 points (-0.24%).

Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX fell 68.92 points (-1.19%). Index of the London Stock Exchange FTSE 100 fell 56.02 points (-1.08%).

course of gold fell from 1068.40 to 1054.60 mark of dollars per troy ounce.

Retail prices (the retail price index) in the UK in September 2009 amounted to 0.4% for the month, -1.4% for the year (forecast 0.3% for the month, -1.5%for the year, the previous value of 0.5% for the month -- 1.3% per year).

ZEW economic expectations index (an index of business expectations of the German Center for Economic Research) in Germany in October 2009 was 56.0 (58.8 forecast, the previous value of 57.7).

Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. This index Nikkei 225 falls to 7.36 points (-0.07%). Index of the Hong Kong Stock Exchange, Hang Seng rising to 292.93 points (1.36%). Singapore Straits Times Index increased to 5.88 points (0.22%). Code SP /ASX 200 rising to 45.40 points (0.95%).

Today in Asia pair dollar /yen fell to 88.80 level. Click to continue »