Euro trying to return to the corridor 1.4275-1.4375
Aug 27th, 2009 | By admin | Category: News International MarketsSo, yesterday, the euro-dollar tumbled out of the consolidation of the corridor down, despite the myriad of positive data on the U.S. economy. Pair reached a minimum at around 1.4205. Dow Jones also showed though symbolic, but the growth (seventh session in a row), at 0.04%, to close at around 9543. Apparently, the markets there had been some profit-taking, since such data, which came out yesterday, the promise is actually even greater increase in optimism in the future. Orders of durable goods in the U.S. for July showed a sharp increase, 4.9% stronger than the forecast 3.0%, also revised upward the previous data. Sales of new homes in the U.S. in July increased from 384 thousand to 433 thousand per year, considerably stronger than the forecast. After all the reviews found that sales growth is already the 4th consecutive month in March. The price index for home SP /Case-Shiller showed a yoy decline of 15.4% in June compared with June 2008, which is the weakest decline since April 2008. In calculating the monthly index showed the strongest growth in 4 years. Analysts are beginning to talk about the possibility of a reversal in the real estate market.
The euro understandable passing placements of the U.S. Treasury. Recall that the placement cause demand for dollars, if the purchases involving foreign investors. Today is the last day of auctions in this series of placements, the market offers 7-year notes to $ 28 billion We have seen repeatedly, as after the placements of the trend in the dollar's decline, which is braked or adjusted during the placement, with a new force has been renewed after their expiration. In general, the technical picture remains bullish on the experience of the last few days the market operates on the principle of buy on the fall, so we assume that the transmitted wave incidence will be updated soon in full, or even more than 100%.
Exchange rate of dollars saved without changes - the evening review of cash markets
Naftogaz and Gazprom ascertain pumping gas into underground storage facilities in accordance with the schedule
NBU states decrease the influence of interest policy on the state of monetary market
The IMF estimates the financing needs of Belarus in 2009 2010ГђВіГђВі 11 billion
NERC unions refused to agree on a draft resolution on raising gas prices
In leaders were made to reduce paper Gazprom Neft (-3.08%), Severstal (-4,18%) and prefecture Sberbank (-3.45%)
Futures on the RTS index closed on a mark of 105 800 points, losing 0.5%
As of 18:00 Moscow time the volume of trading on the MICEX Stock Exchange amounted to 153.47 billion rubles
Until the end of the session, Russia's market can still catch up on the background of positive statistics
