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Yesterday, the euro / dollar at the U.S. session was reduced to a mark 1.4610

Sep 22nd, 2009 | By admin | Category: News International Markets

Yesterday, the euro /dollar at the U.S. session was reduced to a mark 1.4610. Subsequently, however, the course has grown and reached a mark 1.4700.Kurs pound /dollar fell to 1.6130 level, but by the end of the session rose to 1.6200. Pair dollar /yen after rising to 92.50 dropped to a mark of 92.00. Cross the euro /yen has grown and reached the mark of 135.50.

The experts noted that traditionally, the pressure on the U.S. dollar continues to provide investors optimistic about the prospects for recovery of the world economy. Exchange rates on U.S. session is well correlated with the mood in the stock markets. The growth of quotations on the stock market tends to weaken the dollar and the Japanese yen, as well as demand for risky instruments. And vice versa.

Also, experts noted that the impact on the behavior of the euro against the dollar exchange rate fluctuations had a dollar /yen. After promotion to the level of 92.50 dollar /yen has fallen to a mark of 91.82. At the same time on the market say investors are now closed their long positions in more risky instruments and buy dollars. It is associated with the approaching meeting of the Open Market Committee U.S. Federal Reserve (Tuesday-Wednesday) and the meeting of the Big Twenties (Thursday-Friday).

It is noted that the activity of investors on the forex market is very low, contributing to sharp fluctuations in exchange rates. It is associated with long holidays in Japan and South-East Asia.

Yesterday, the Dow Jones New York Stock Exchange fell 41.34 points (-0.42%). The Nasdaq rose 5.18 points (0.24%). SP 500 index dropped to 3.64 points (-0.34%).

Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX fell 81.02 points (-1.42%). Index of the London Stock Exchange FTSE 100 fell 40.24 points (-0.78%).

yesterday there has been a correction in commodity markets and precious metals. The price of WTI crude oil in New York fell to the closing of trading on the 2.33 dollar to the level of 69.71 dollars per barrel.

Leading indicators in the U.S. for August 2009 was 0.6% (forecast 0.7%, the previous value of 0.6%).

Today in Japan as a day off. Consequently, the financial market in the country will be closed.

Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. Index of the Hong Kong Stock Exchange, Hang Seng rising to 228.29 points (1.06%). Singapore Straits Times index strengthened to 37.72 points (1.42%). Code SP /ASX 200 is reduced by 13.70 points (-0.29%).

Today in Asia pair dollar /yen has continued to decline and reached a level of 91.10. The euro /dollar has grown to a mark 1.4780. Rate pound /dollar continued to strengthen to a mark 1.6300.

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.

My tactical views:

EUR /USD (5 /10 - a trend sideways): Today analysts' forecasts - up for auction in Rendžov: 1.4740-1.4830. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4740, T /R = 1.4830, S /L = 1.4680. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, fixing the profit.



GBP /USD (5 /10 - the trend downwards):

For short-term players better be on sale. 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 91.00-92.50: better to be a small purchase with a full-time lows.

actively move the foot behind the market, protecting profits.

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