Yesterday, the euro /dollar at the U.S. session soared immediately after the announcement of the Open Market Committee meeting and reached a mark of 1.4842,the highest since September 2008. Subsequently, the rate adjusted to the level of 1.4725. Rate pound /dollar after rising to 1.6463 down to 1.6320. Pair dollar /yen rose to a mark of 91.60. Cross the euro /yen was trading near the 134.50 mark.
The experts noted that traditionally, the pressure on the U.S. dollar continues to provide investors optimistic about the prospects for recovery of the world economy. And vice versa. So, yesterday completed a two-day meeting next Open Market Committee Federal Reserve System. As a result, the range for the basic interest rate on federal funds (Federal fund rate) is unchanged at 0.00-0.25%. This decision was taken unanimously. The discount rate is left unchanged at 0.50%. Fed program to purchase debt in the mortgage market of $ 1.26 trillion. U.S. continued from December to March next year. Program for the purchase of government bonds in the amount of $ 300 billion to be completed in late October this year.
Also in a statement the U.S. Federal Reserve said that the level of economic activity in the country increased.
The pressure on the euro against the dollar has external background: the fall of stock indexes and oil prices.
Yesterday, the Dow Jones New York Stock Exchange fell 81.32 points (-0.83%). The Nasdaq fell 14.88 points (-0.69%). SP 500 index dropped to 10.79 points (-1.01%).
Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX rose 17.80 points (0.31%). Index of the London Stock Exchange FTSE 100 rose 25.71 points (0.50%).
Yesterday the price of WTI crude oil in New York fell to the closing of trading on the 2.79 dollar to the level of 68.96 dollars per barrel.
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 87.49 points (0.84%). Index of the Hong Kong Stock Exchange, Hang Seng falls to 592.98 points (-2.75%). Singapore Straits Times index weakened to 21.19 points (-0.79%). Code SP /ASX 200 fell to 33.10 points (-0.70%).
Today in Asia pair dollar /yen has continued to decline and reached a level of 90.80. The euro /dollar has grown to a mark 1.4750. Rate pound /dollar continued to strengthen to a mark 1.6370.
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. Today and tomorrow, investors' attention will be directed to the meeting of Heads of State Great Twenties in Pittsburgh.
My tactical views:
EUR /USD (5 /10 - a trend sideways): Today analysts' forecasts - up for auction in Rendžov: 1.4640-1.4840. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4640, T /R = 1.4840, S /L = 1.4580. 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 upwards):
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 90.40-92.00: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.
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