Last Friday, the euro /dollar rose on the U.S. session and reached a level of 1.46310, the highest since December last year. By the end of the day rate adjusted to a mark 1.4552. Rate pound /dollar grew to the level of 1.6740, but by the end of the session fell to 1.6680. Pair dollar /yen dropped to 91.10, but then consolidated near the mark of 91.70. Cross the euro /yen traded near the 131.55 mark.
The experts noted that the pressure on the U.S. dollar continues to provide investors optimistic about the prospects for recovery of the global economy. This is facilitated, in particular, the recent positive economic data in China and a high index of consumer sentiment at Michigan State University in the United States.
low market interest rates on dollar contributed to the fact that investors are increasing their positions carry trade, taking loans in dollars and buying for them more profitable and risky instruments. Support for the yen has a return of Japanese exporters and investors of their funds from abroad in anticipation of the end of the first half of the fiscal year in Japan.
It is noted that the volume of trading in the forex market is relatively low, which contributes to rapid and significant fluctuations in exchange rates.
Last Friday, the Dow Jones New York Stock Exchange fell 15.94 points (-0.17%). The Nasdaq fell 3.24 points (-0.16%). SP 500 index dropped to 0.46 points (-0.04%).
Last Friday, the index of the Frankfurt Stock Exchange Xetra DAX rose 34.54 points (0.62%). Index of the London Stock Exchange FTSE 100 rose 34.41 points (0.69%).
Last Friday continued rise in prices for precious metals, as well as increased rates of Australian and New Zealand dollars. New Zealand dollar rose today to a mark 0.7086, the highest since August 2008. Australian dollar rose to 0.8673, as the maximum in August 2008.
Last Friday the price of WTI crude oil in New York fell to the closing of trading on the 2.71 dollar to the level of 69.21 dollars per barrel. During the auction price rose almost a dollar to the level of 72.90 dollars per barrel.
preliminary Michigan sentiment index value in the U.S. for September 2009 amounted to 70.2 (67.0 forecast, the previous value of 65.7).
Wholesale inventories in the U.S. for July 2009 was -1.4% (-1.0% forecast, the previous value of -1.7%).
Federal budget in billions of dollars in the U.S. for August 2009 amounted to -111.4 (-150.0 forecast, the previous value of -180.7).
Import prices in the U.S. for August 2009 was 2.0% (the previous value of -0.7%).
Export prices in the U.S. for August 2009 was 0.7% (the previous value of -0.3%).
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 fell 228.29 points (-2.19%). Index of the Hong Kong Stock Exchange, Hang Seng falls to 198.96 points (-0.94%). Singapore Straits Times index falling to 21.54 points (-0.80%). But the index of Shanghai Com. growing at 0.60%.
Today in Asia pair dollar /yen opened with gepom down, she fell on the Tokyo session, with the level of 90.70 to 90.20. The euro /dollar at the Tokyo session, rose to 1.4605 marks, and then collapsed down to 1.4515. Rate pound /dollar fell nearly 100 points to a mark 1.6577.
The euro /yen down from 132.20 to 131.30 level. Strengthening exchange rate of the yen contributed to reduction of quotations on the stock markets.
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.
EUR /USD (5 /10 - trend upwards): Today analysts' forecasts - up for auction in Rendžov: 1.44500-1.4600. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying from the bottom of 1.44500, T /R = 1.4620, S /L = 1.4440. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, fixing the profit.
GBP /USD (5 /10 - a trend sideways):
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 90.10-91.70: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.
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