Price range 1,45-1,46 currently remains an insurmountable obstacle for the euro to the dollar, which in general is “bearish” technical signal on this pair.
Perhaps this happens due to the fact that, despite the decrease in the January number of key indicators of market risk and volatility in financial markets remains negative trend with an increase in the revaluation of the investment risks of the periphery of the EU. Thus, the rate of CDS Greece is now at 256 points or 256 thousand euros for every 10 million euro of the national debt. In the middle of last month, this indicator was equal to 219 Fri CDS Portugal and Spain for the last month increased by 25 and 20 basis points.

Characteristic in this regard, it is sounded on Jan. 11 this year Acting statement Commissioner for the economy and monetary policy of the EU O. Reyna, recognized during his speech at the European Parliament that the fiscal problems of Greece may have an impact on the finances of the eurozone as a whole, though, for the moment they are serious enough for such a development scenario.

In the coming days on the market will do quite a lot of important macro-and microeconomic information that may and will have a dominant influence on the formation of investment ideas players from the perspective of the second half of this month. In particular, on Thursday will be published the data in the U.S. retail sales and industrial production in the euro area, as well as, obviously, has received information regarding the outcome of the January session of the ECB. Friday will be published indices CPI and industrial production in America, as well as the trade balance of EMC. In addition, 14 and 15 January its regular quarterly financial reports are published, respectively, Intel and JP Morgan Chase.

In the event that such statistics would again increase the valuation levels of market risk, quotes USD to EUR, perhaps, will be able to restore their January”s losses. However, in general, the scenario of consolidation of the exchange rate of the currency pair in the future the next few weeks looks at the moment is still the most reflecting the current market conditions. Perhaps, in this perspective, the currency pair EUR /USD will retain its value in the “corridor” 1,42-1,46.

Forex Market 12/01/2010
Asia: Markets in turmoil, reporting Alcoa disarmed Commodity
Europe: corporate accountability have not added optimism
United States: the quarterly reporting season has started not the best way
Latin America: cheaper Commodities played into the hands of the bears
Asia: China gave a general collapse
Europe: following statements Societe Generale banking sector had to surrender
USA: pessimists, optimists have won
Latin America: steelmakers and mining companies helped the index to complete trades in the black