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Yesterday, the euro / dollar at the U.S. session, rose to the level of 1.4962

Oct 20th, 2009 | By admin | Category: News International Markets

Yesterday, the euro /dollar at the U.S. session, rose to the level of 1.4962. Rate pound /dollar rose to 1.6430 marks. Pair dollar /yen was trading near 90.65. Cross the euro /yen grew to the level of 135.78.

The experts noted that the pressure on the U.S. dollar has the expectation that U.S. interest rates will remain at historically low levels. The weaker dollar also helps the growth of stock indices, the price of oil, gold, increased rates of Australian, New Zealand and Canadian dollar.

Yesterday, the Dow Jones New York Stock Exchange rose 96.06 points (0.96%). The Nasdaq rose 17.60 points (0.82%). SP 500 index rose to 9.95 points (0.91%).

Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX rose 70.31 points (1.22%). Index of the London Stock Exchange FTSE 100 rose 34.94 points (0.67%).

Yesterday, Federal Reserve Bank of New York said that the auctions on sale of Treasury bonds and their subsequent purchase (reverse repo transactions) does not mean that the Fed is ready to start strengthening of monetary policy.

Yesterday the price of WTI crude oil in New York rose during the bidding to the level of 79.05 dollars per barrel, the highest since October last year.

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 111.07 points (1.09%). Index of the Hong Kong Stock Exchange, Hang Seng rising to 97.40 points (0.44%). Singapore Straits Times Index increased to 6.00 points (0.22%). Code SP /ASX 200 rising to 70.10 points (1.46%).

Today in Asia pair dollar /yen dropped to the level of 90.35. The euro /dollar grew to 1.4990. Rate pound /dollar fell to 1.6380 marks.

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.

investor attention now directed to the results of the meeting of the Eurogroup and ECB President Trichet, in which, in particular, will discuss the rapid strengthening of the euro against the dollar and the yuan.

Today:

12:30 GMT - index of industrial prices (PPI) in the U.S. in September (-0.3% forecast for the month, the previous value of 1.7% for the month, -4.3% per year);

12:30 GMT - industrial price index excluding prices for food and energy prices (PPI excluding food and energy) in the U.S. in September (forecast 0.1% for the month, the previous value of 0.2% per month, 2.3% per year) ;

12:30 GMT - the number of new houses in the million (Housing starts) in the U.S. in September (forecast 0.607, the previous value of 0.598);

12:30 GMT - the number of building permits in million (Building permits) in theU.S. in September (forecast 0.590, the previous value of 0.579);

12:55 GMT - economic survey of retail sales, Redbook (Redbook) for the past week in the U.S.;

13:00 GMT - results of the meeting of the Governing Board of the Bank of Canada ..

My tactical views:

EUR /USD (5 /10 - trend upwards): Today analysts' forecasts - up for auction in Rendžov: 1.4920-1.5050. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4920, T /R = 1.5050, S /L = 1.4890. 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 Up):

For short-term players is better to be out of the market. Actively move the foot, fixing the profit.

USD /CHF (5 /10 - a trend sideways):

Today better be in buying.

actively move the foot behind the market, protecting profits.

USD /JPY (5 /10 trend sideways):

now trading inside the corridor 90.00-91.50: better to be a small purchase with a full-time lows.

actively move the foot behind the market, protecting profits.

Review of the FOREX market for 19.10.09
Banks start from the bottom
The construction of South Stream could begin in late 2010
Fuel went to the smooth growth
The head of the U.S. Federal Reserve: the first Asian country overcome recession
Experts: Increase excise tax on diesel popular in Ukraine udorozhit it for 18 kopecks per liter
Semi-processed produce

growing demand does not promise an easy life Ukrainian steel ...


Trading ideas for the continued growth of the market of Russia is clearly not enough, the danger of a serious correction can not be underestimated
Among the obvious leaders - shares Uralkali, which is still traded above the maximum values of the year

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