Yesterday, the euro /dollar at the U.S. session fell rapidly and reached a level of 1.4675. Rate pound /dollar fell to 1.5760 marks. Pair dollar /yen has fallen to a mark of 88.20, lowest since February this year. But then the couple has strengthened and reached the resistance 89.60. Cross the euro /yen fell to 129.70, and by the end of the session, recovered to 131.00.
The experts noted that the pressure on the euro has had a statement by ECB President Mr. Jean-Claude Trichet that he agreed with the Finance Minister and President of the United States that a reliable and strong dollar is in the interests of their country.
Yesterday, the Dow Jones New York Stock Exchange rose 131.81 points (1.36%). The Nasdaq rose 40.50 points (1.94%). SP 500 index rose to 18.52 points (1.77%).
Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX rose 154.90 points (2.78%). Index of the London Stock Exchange FTSE 100 rose 86.43 points (1.70%).
preliminary value of consumer price index (CPI) in Germany in September 2009 was -0.4% for the month, -0.3% for the year (the forecast was -0.2% for the month, -0.1% for the year, the previous value of 0.2% per month, 0.0% per year).
preliminary value of the harmonized index of consumer prices (HICP) for Germany in September 2009 was -0.4% per year (the previous value of -0.1% per 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 rising to 95.16 points (0.95%). Index of the Hong Kong Stock Exchange, Hang Seng rising to 447.45 points (2.17%). Singapore Straits Times index strengthened to 34.74 points (1.32%). Code SP /ASX 200 rises 78.00 points (1.67%).
Today in Asia pair dollar /yen has continued to increase and reached a level of 90.20. The euro /dollar after rising to a mark of 1.4630 down to 1.4580. Rate pound /dollar continued its recovery to a mark 1.5915.
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: 1.4560-1.4670. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4560, T /R = 1.4670, S /L = 1.4480. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, fixing the profit.
GBP /USD (5 /10 - Trend Neutral):
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 89.20-90.50: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.
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