The tendency to take risks was, is and .. will?

USD

Subject risks again ruled the ball. After carotid Asian session on Monday, European investors were pleased with the upsurge of interest in transactions with profitable assets. In this case, the situation is under the influence of news from the corporate sector. The dollar was under the influence will appear at night (but markets in Japan were closed) information that the CIT Group to reach an agreement with holders of its bonds, that could save it from bankruptcy. However, as is often the case in recent times, optimism poutih and the reduction of interest to the risk (which was caused by a decline in Asian indices and the publication of the article Ben Bernanke in the Wall Street Journal outlining plans to complete akkomodatsionnoy policy), the dollar managed to recover their losses somewhat. And, most likely in the near future we will witness such swings.

released yesterday a report on leading indicators of positive and added the newly intensified rumors that the outlook for the U.S. economy has improved. It also benefited profitable assets, but, alas, as the dynamics of currency briefly. So what is so special about it in the record? Quite simply, the rate has once again demonstrated an increase of 0.7%. This was the third month of growth, which is a classic signal to turn the economy. Therefore, now is worthy of close attention, because if this trend continues it could be talking about a slow recovery. Support such assumptions, and statements by officials. In particular, yesterday, Managing FRB Atlanta Lockhart noted that the economy is stabilized, the restoration will begin in the second half. However, immediately spoon tar added, saying that the recovery will be weak, because of the need to undertake structural economic changes, and only after that the pace of growth accelerated.

Today, major economic reports we see. Yet there is a factor that can affect the dynamics. This statement Bernanke to Congress with semi-annual report on monetary policy. It is possible that the confirmation of the theses of the likely departure from akkomodatsionnoy policies, which were published yesterday in an article in an official statement by the head Fedrezerva provoke the closure of risky positions, and consequently will raise the dollar and yen. Although we would not rule out other cases. Indeed, the publication of corporate reporting season has not been completed. This week the results of its financial performance will issue 146 companies. Good numbers, may not allow rumors of slow economic recovery and the likelihood of completion of policies to mitigate impact on the market. In this case, it is a positive conclusion of the week for equities and high yield currencies.

EUR

A pan-European currency, in fact, has not been the catalysts for their movements. The statement the European Commission statement that the German Government must amend its package of measures to combat the economic crisis with a view to facilitating access to companies to obtain financial assistance to investors, made no impression and the currency continued to move in a given morning tone.

today just as missing for the euro in terms of fundamental data, as the calendar has been scheduled anything interesting. Therefore, all traffic will be caused by external factors and the tendency of investors to risk.

GBP

The British currency followed the general trend and in the course of the day demonstrated consolidation. But she had it and its causes. The traditional growth activity in the housing market in Britain early summer led to an increase in gross mortgage lending to 6-month peak in June. However, to the levels of last year, the indicator is still very far away. Growth was recorded from the side permits mortgage, which means that the lending rate might rise. And all this against the backdrop of rising prices for housing, due to increased demand. Thus, we can say that the housing market shows signs of recovery, because the authorities have rescued the banks and began to print money. However, while much optimism in this regard should not suffer as much impact as yet limited mortgage lending, reducing the number of active lenders, a weak labor market and limited consumer demand, which will constrain growth.

Today, the pound is likely, as well as the euro, will be under the influence of external and technical factors, as claimed in the calendar only minorreports, which are unlikely to act as catalysts movements.

JPY

Jena, after investors began to close the transaction on vysokodohodnikam showed much greater growth than the dollar. In doing so, it is stronger in relation to its American counterpart. Today was issued a protocol meeting the Bank of Japan from 15-15 June. The opinion of a member of the monetary committee that is necessary to begin to discuss an exit strategy from the crisis of policy, the rest was not endorsed. Consequently, while the policy remains unchanged. Moreover, the conditions for obtaining corporate financing in general, remain rigid. At the same time, the Bank of Japan has revised upward its assessment of the economic situation in the country of the second month in succession after the publication of positive statistics on industrial production, exports and consumer sentiment, noting that in the next few months, the economy is likely to give a clear signal reconstruction. Also, today it was announced that Japan's Cabinet approved the dissolution of the lower house of parliament to hold new elections.

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Positive macroeconomic data and corporate results in the United States will contribute to further growth of the Russian stock market
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Increased stock and commodity markets around the world is fragile and can end at any moment
Interest in Securities of CMI, TMK and NLMK, backed by the volume of trades are unlikely to have been exhausted in one trading session
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NBU expresses not spending it is part of IMF loan
The market of Russia came close today to a level of 1020 points, but the participants did not find the strength to overcome this level of
Demand for ruble bonds is retained, along with the quotations had grown up and the volume of transactions



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