So, as we thought, the euro continued to decline, the current shows a minimum at around 1.3925. On the structure of the volatility of the movement shows that when the fall was a struggle because the euro is clearly against the downward force in the local technical picture. Only the night of the euro-dollar finally broken box 1.40, and at the same time support a local bottom-up channels, a local scrapping market, worked feet. The graph clearly can see how, after 01.15 Moscow time the euro has drawn a pulse (a strong drop in a short period of time) down to a minimum has been shown to 1.3925. Then the euro bought, the euro grew to shape up to 1.4025. Some deliberation yesterday's decline can be attributed not so much so that the resistance movement of the market down was really big (as the experience of 30 June, at a relatively thin summer market could easily drop to 1.5 euro figure for 3 hours), but the fact that speculators give the possibility to buy certain amounts of euro at current prices. However, when the euro will be treated to a minimum, match the foot of yesterday's purchases, which will strengthen the movement down. We are already inclined to believe that launched a wave of the fall will not be limited to 1.3750 decline, a decline in the region 1.36, closer to the support of a rising trend (as well as on line support as they strive for a minimum of 8 June and 15 June, this line of support previously broken up down channel). Such an option would gather as soon as the old feet, and new. We even do not exclude the drop down to 1.35 on the same wave of decline, with breakthrough support for superficial ascending trend, going from March. In this case, this movement downwards will have the latest.

Despite the decline in the euro began yesterday of the maximum at 1.4199, and all of the time was fairly evenly, analyzes the tape due to an increase in the dollar to yesterday's publication of Nonfarm Payrolls. The number of jobs outside of agriculture sector in the United States dropped 467 thousand, which was worse than forecast -365 thousand in the previous -345 thousand (revised up to -322 thousand). Also yesterday, the euro has had a pressure of Trichet speech in which he mentioned that the ECB has decided not to consider the level of rates to 1% as a minimum. In related markets falling euro was accompanied by falling oil prices to the current 66.50 dollars a barrel mark WTI, the Dow Jones yesterday fell 2.63% to 8280. We believe that this trend is the increase in the dollar will continue today in spite of the dead because of the holiday America.

Overview of the oil market for 02.07.09
On Thursday, the value of all metals traded on the LME, adjusted after a sharp rise the previous day
Ministry of Fuel and Energy has refused to count the practice of price corridor for light petroleum products at gas stations
Sweden will lead Europe to rebuild the economy
Analysis - Results of the day
If on Monday the U.S. stock exchanges opened in the negative, the Russian market will be the next Bear Holiday
The Russian market shares allocated IDC, which grow on the news on the transfer of power distribution companies to a single share by 2011
Next week is expected to remain negative sentiment on the stock sites
Rising oil prices in the run next two weeks can be up to $ 75, and by the end of the year - up to $ 100 a barrel