Today analysts' forecasts for the pair EUR / USD - up for auction in Rendžov: 1.4675-1.4840
Oct 13th, 2009 | By admin | Category: News International MarketsYesterday, the euro /dollar at the U.S. session, rose to the level of 1.4810. Rate pound /dollar fell to a mark 1.5730. Pair dollar /yen dropped to a mark of 89.61. Cross the euro /yen grew to the level of 133.20, but by the end of the session fell to 132.65. Course dollar /Canadian dollar fell today to the level of 1.0320, the minimum in September 2008. The euro /pound rose to 0.9381 marks, the maximum over the past year and a half.
The experts noted that the U.S. dollar remains under pressure against major currencies. The negative impact on the dollar has increased world prices for oil and precious metals. Also, investors are waiting with apprehension at this week's publication of financial statements for the third quarter of large U.S. banks such as JP Morgan Chase and Goldman Sachs. Pound sterling remains under pressure due to expectations that the economic situation in the UK do not allow the Bank of England to raise key interest rates in the country until 2011.
Yesterday, the Dow Jones New York Stock Exchange rose 0.83 points (0.01%). The Nasdaq fell 3.60 points (-0.17%). SP 500 index rose to 2.61 points (0.24%).
Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX rose 71.35 points (1.25%). Index of the London Stock Exchange FTSE 100 rose 55.53 points (1.08%).
Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. It Nikkei 225 index rising to 38.76 points (0.39%). Index of the Hong Kong Stock Exchange, Hang Seng rising to 202.46 points (0.95%). Singapore Straits Times Index fell to 5.63 points (-0.21%). Code SP /ASX 200 rising to 49.00 points (1.03%).
Today in Asia pair dollar /yen rose to the level of 90.20. The euro /dollar grew to 1.4799, but then fell to 1.4765 marks. Rate pound /dollar continued its decline to a mark 1.5760.
start of the European session, failed to make the adjustment in the dynamics of the currency market. Forex market closely followed the dynamics of the stock market, and for overlooking the macroeconomic statistics.
Today, investor attention will be directed to the dynamics of stock and commodity markets and published macro-economic statistics. Investors are awaiting publication of financial statements of U.S. companies for the third quarter.
My tactical views:
EUR /USD: (5 /10 - trend upwards): Today analysts' forecasts - up for auction in Rendžov: 1.4675-1.4840. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4675, T /R = 1.4840, S /L = 1.4640. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, fixing the profit.
GBP /USD (5 /10 - Trend Neutral): For short-term players better be on sale. Actively move the foot, fixing the profit.
USD /CHF (5 /10 - a trend sideways): Today is better to be buying. Actively move the foot behind the market, protecting profits.
USD /JPY: (5 /10 trend sideways): Today, trading inside the corridor 89.20-90.50: better to be a small purchase with a full-time lows. Actively move the foot behind the market, protecting profits.
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