Quotations Russian currency again approached the significant level of resistance

The course is the euro to the dollar this morning was near the mark of 1.4400, virtually unchanged, thus, compared with its value at the opening Tuesday. In financial markets there is a lull, due, apparently, from a technical consolidation quotes a number of important instruments sector, relatively high-risk investments in anticipation of the expected outcome of tomorrow Investor publications sessions ECB and the Bank of England.

Meanwhile, the U.S. macroeconomic statistics still seem to remain generally favorable for the bulls said the investment sector trend.

According to yesterday's information, the income of American consumers fell in June TG at 1.3% (m /m) when the market is expected to decline at an average rate of 1% and the increase in the previous month, also at 1.3%.

However, in this case, the dynamics of this indicator is likely to impact short-term impact of last May of the tax incentive consumer sector, in accordance with the economic plan for the Administration of B. Obama.

On the other hand, indicators of the dynamics of American consumption, as well as a real estate segment of the economy of America, released Tuesday, were higher than the level of market forecasts.

Expected sales in the housing market in the United States the first summer month increased 3.6% (m /m) against the expected, on average, their professional growth by 0,6% and raising the rate in May, TG at 0.1%.

The June index of consumer spending in the United States increased by 0.4% (m /m). In this case, the expected average market value of the dynamics of this indicator was equal to 0.3% (m /m). His figure for the previous month was revised downward to 0.1% versus 0.3% previously, but this is unlikely to provide meaningful information could impact on the overall nature of the statistics indicating the relative stability of the U.S. consumer sector, observed in the II quarter of the current year.

It is also important to note that the index value of the consumer's basket, PCE Deflator, which are known to have used the Fed to assess the current risks in the area of pricing, in this period was -0.4% (m /m) against the revised down to -0.2% from 0.1% (m /m) before its previous value.

The latest news, obviously, is in favor of preserving Reserve soft credit and monetary policy, at least - in the perspective of the coming months.

On the whole, including, in the light of the above statistics, the situation in the segment of the risky investments, perhaps, will continue to maintain quotes EUR /USD in the future weeks. However, positive correlation between the dynamics of the course of the currency pair and the price trends of that sector investments in the specified term, may continue to show a weakening, repeatedly noted in recent weeks.

Leading European Central Bank appears to closely track the results of anti-crisis policy of U.S. leadership, and against the background of its relatively favorable at the moment, the results may intensify their actions in the area of macroeconomic monetary incentive.

Russian ruble to the dollar and bivalyutnoy basket to the outcome of yesterday's trades on the MICEX amounted to 31.11 and 37.23, respectively, 31.19 and 37.14 rubles. Tuesday morning at the auction.

Quotations Russian currency on the international FX in recent days, again came close to significant levels of resistance. Perhaps in the coming days, reducing the relative value of RUB in the world market will resume, even in a further improvement in the financial markets of Russia. Expected in the coming quarters of strengthening the central financial support to domestic consumption and investment in the environment may have a relatively smooth process of improving the performance of external payment Russia will contribute to the development of this trend.

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