Yesterday, the euro /dollar at the U.S. session dropped to 1.4300. Rate pound /dollar fell to 1.6335 level. Pair dollar /yen closed near the 94,150 mark. Cross the euro /yen reached a mark of 134.35.
The experts noted that the negative impact on the euro has had a drop in oil prices, precious metals and other raw materials, as well as the devaluation of the Australian, New Zealand and Canadian dollar.
Yesterday, the Dow Jones New York Stock Exchange rose 30.01 points (0.32%). The Nasdaq rose 6.25 points (0.31%). SP 500 index rose to 2.43 points (0.24%).
Also yesterday, the index of the Frankfurt Stock Exchange Xetra DAX rose 9.59 points (0.17%). Index of the London Stock Exchange FTSE 100 rose 4.67 points (0.10%).
Consumer confidence in the U.S. for August 2009 amounted to 54.1 (47.9 forecast, the previous value of 46.6).
The experts noted that the volume of trading in the forex market are low. Most currencies continue to oscillate in a limited range. The attention of investors is aimed at publishing a large number of important economic data, which are expected this week.
Yesterday the price of oil in New York fell to the closing of trading on the 2.32 dollar to the level of 74.81 dollars per barrel. During the bidding price rose to 75 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 rose 142.35 points (1.36%). Index of the Hong Kong Stock Exchange, Hang Seng rose 10.51 points (0.05%). Singapore Straits Times Index increased to 9.76 points (0.37%).
Today in Asia pair dollar /yen moved down to a mark of 93.80, but by the end of the session grew to 94.25. The euro /yen after testing the local seabed near the 134.06 mark the beginning adjusted up above 134.85. The euro /dollar was trading at the Tokyo session near the 1.4300 mark. Rate pound /dollar stabilized near 1.6300. Australian dollar consolidated to the level of 0.8370.
Trade balance in a trillion. yen in Japan in July 2009 amounted to 0.380 (the forecast was 0.385, the previous value of 0.508).
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: 1.4270-1.4350. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4270, T /R = 1.4350, S /L = 1.4090. 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 93.80-95.00: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.
Recommendations for market shares: LUKoil, Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank Resume demand growth in major countries have not yet succeeded. What's next ?..
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