Euro stormed mark 1.48

Thus, the general optimism in the markets continues. Yesterday, the Dow Jones index updated and an intraday maximum, and the maximum of the closure of the day. The Dow closed at around 9885, increasing 0.21%. Prices for WTI crude oil exceeded a mark 74 dollars per barrel. Gold set a new high at around 1,067 dollars per troy ounce. But the euro showed a mark 1.4836. The growth today is contrary to data on germanskomu index ZEW, which instead showed the expected growth slowdown.

Analytical tape, explaining the current movement, which only now do not write. It turns out thatthe dollar because of the economic recovery has ceased to be a means of escape from risk, saving the harbor, and therefore falls. Analysts suddenly remembered about the problem of budget deficits and trade deficits the United States. Suddenly the market realized that they do not believe in the Fed's ability to sell back those papers that have come on its balance sheet and thereby curtail the right time monetary incentives. Watching as rising commodity markets, all had suddenly felt the smell of inflation. It turns out that the base interest rate in the United States is at zero, and this makes the dollar an unattractive currency for investment, and generally the dollar as a reserve currency around the world lost confidence. In short, all the fundamental causes of the weakness of the dollar, which we wrote in the last year, the market is remembered only now. Someone inclined to believe that the euphoria has already reached the limit, then it's a sign of the impending reversal. But we have no such feelings. On the contrary, while the masses do not understand what is happening, and they give an explanation, like the above, the movement is likely to continue. In our experience only happens when some substantial, loud enough for the event, which can be written off the weakness of the dollar, the motion will be close to completion.

Arkady Zlochevsky: The situation in Russia's grain market consists not too favorably
In the Forex market the U.S. dollar continued to retreat against the backdrop of strong growth worries
Nortima takes money from the MFI
Tymoshenko: Putin sign a treaty on the nonuse of penalties for shortage of gas
OPEC has once again raised its estimate for world oil demand for 2009 2010гг
Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather ...

Forex - in the European session
Significantly better than the market today look Gazprom shares, which traded in positive territory on falling market
Decreased in the price stock quotes stabilized near the levels achieved

Leave a comment