Analytical review of the FOREX market for Monday, January 25

Start a new trading week was relatively calm, except for significant breaks on currency pairs with the Japanese yen: the yen weakened against the backdrop of growing willingness of investors to risk after the preliminary speculation about the future pereutverzhdenii Benjamin Bernanke for a second term as Chairman of the Fed. Daily minimum was recorded yen in early trading at 90.33.

disposing of the Japanese yen, many traders wondered whether the most appropriate tool for the investment of speculative capital proceeds. Noting the stability indicator of consumer confidence from GfK in Germany, someone had taken a wait, but then came the unexpected support of the European currencies came from did not expect - from Athens: Greek demand for the release of five-year state bonds worth 5 billion euros exceeded supply by four times , amounting to 20 billion euros, Greece"s decision to go for syndicated loans has found the response from such banks as Credit Suisse Group, Deutsche Bank AG, Eurobank EFG, Goldman Sachs Group International and Morgan Stanley, all of this certainly has inspired the hearts of some traders proportion of tranquility, bordered with hope. As a result, the euro managed to rise to 1.4193, and Frank pointed out at the maximum of 1.0366, but then again, these Euro-currency moved down under the weight of pessimistic expectations about the forthcoming report on Tuesday Olli Rehn, EU Commissioner for Enlargement. Expected to be published negative data on the same Greek as well as Portugal, Spain and Ireland.

Meanwhile, the British pound once again moved out of step with the euro and the franc: positive expectations on Tuesday published data on the change in GDP for the 4 th quarter provided unprecedented support for the currency, resulting in a pound, breaking half figures, said at a maximum 1.6259.

data on housing sales in the secondary market in the U.S. in December had fallen short of the forecast decline in sales volume of 16,7% of the newly raised concerns about the decline in investment inflows into the U.S., but the index of manufacturing activity from the Federal Reserve-Dallas was higher than forecast in result of movement of currency pairs continued in narrow channels, in anticipation of Tuesday.

Forecast for Tuesday, January 26, 2010

Tuesday will be issued the decision of the Bank of Japan on the basic interest rate, should also be prepared to leave an indicator of business conditions in Germany"s IFO, and data on changes in UK GDP for the 4 th quarter.

view of the continuing grave situation in the euro area for a couple of euro /dollar is likely to decline with testing 1.4070 support. If the data on UK GDP will be positive for the pound is possible to consolidate the achieved level of 1.6250 with a subsequent increase to 1.6350, 1.6180 support will speak. Japanese yen after a small setback, will continue to strengthen, aim remains the standard of 89.00.

Good morning! Information Group Finam.ru and Investment Company "Finam" Welcome to my site and wish you a good day!
USA: January"s season "discounts" was short-lived
The second round of presidential elections will cost 22 million 721 thousand 67 UAH.
Balance gas-2010: not yet procured, but distributed
New initiatives of the Cabinet of "fiscal despair": fiscal pressure will increase

budget hole provoke ...

Forex - results of the day
Ukrainian stock market opened the week a slight increase, following the dynamics of the world sites
Forecasts of analysts: Russia market will open lower today may keep an interest in securities of banks and Energy
Shares Russia"s banking sector, not bad on the eve of bargaining may once again change the trend of rising after the morning Drawdown

Leave a comment