Dynamics
The dollar has once again demonstrated mixed dynamics. This pair of EUR /USD to 1.4000, after growth has returned to the area of 1.3900, a pair GBP /USD traded around 1.6500, and the pair USD /CHF back toward 1.0800.
Japanese Yen resumed its growth. This pair USD /JPY fell again to 96.00 mark, apair of EUR /JPY fell below 134.00.
Commodity currencies remain in ranges against the U.S. dollar. Thus, the pair AUD /USD traded slightly above the 0.8000 mark, a pair NZD /USD back to the 0.6400 mark, and the pair USD /CAD recovered in the area of 1.1350.
Causes
On Friday, the market practically does not differ from the situation observed during the whole week. U.S. Dollar traded very volatile, falling in the morning and rebuilding near the end of the trading day. Investors are still uncertain demonstrated, expecting a new focus for bidding in a situation where a recession in the world economy seems to be coming to an end, and the growth of economic activity is still not in sight.
What to expect?
Such guidance may appear on this already saturated with information and events of the week. One of the main events will be the next Fed meeting. In addition, the expectations of investors may affect the data from the U.S. housing market, personal income and spending, orders for durable goods. Depending on how much to increase or decrease the optimism of market participants regarding the status and prospects of the U.S. economy and dollar will be traded.
In addition to data from the United States will be a significant amount of macroeconomic data from the euro zone, among which the pre-euro zone PMI indices and the indices of IFO and preliminary indications of inflation in consumer prices in Germany. Positive indicators may favorably affect not only on the euro, but also to other European currencies.
What is fear?
As the consolidation of long, after leaving the band is likely a very significant change in the situation of American currency.
Leaders of the European Union in order to prevent future crises in the past agreed to the summit of a regional system of monitoring the financial markets
Leaders of growth falling to 19.06.2009
Overview of the oil market for 19.06.09
The technical analysis of currency pairs
Today, expect short-term market correction of EUR /USD up
We are looking forward to the new focus
The price of oil collapsed below $ 70: Brent futures traded on the mark just above $ 69
Asian markets on Monday morning went to the positive territory
Technical analysis of stock on the MSCI Brazil index