Yesterday, the euro / dollar continued its decline in the U.S. session, and reached a mark 1.3950

By admin at 27 February, 2010, 12:17 pm

Yesterday, the euro /dollar continued its decline in the U.S. session, and reached 1.3950 marks. Couple pound /dollar after rising to 1.6272 marks dropped to 1.6115, which is 157 points below the daily maximum. Pair dollar /yen was established near the mark of 89.90. Cross the euro /yen was trading at the end of the session near the 125.60 level.

The experts noted that the pressure on the euro against the dollar has reduced investors" willingness to take risks and fall of stock indices. Pressure on the euro exchange rate continues to concern investors about how to solve the problem of large fiscal deficit in Greece. Yesterday at the market talk, the possibility of reducing the credit rating of Portugal. Greek Prime Minister said that the Government will make the necessary sacrifices in order to address the large budget deficit.
In turn, support the dollar the day before yesterday have a more optimistic statements guide the U.S. Federal Reserve on the prospects of recovery of the U.S. economy.

Yesterday the U.S. Senate voted that the U.S. Federal Reserve Chairman Bernanke to remain in office for a second term.

Yesterday, the Dow Jones New York Stock Exchange fell 115.70 points (-1.13%). The Nasdaq fell 42.41 points (-1.91%). SP 500 index dropped to 12.97 points (-1.18%).

Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX fell 102.87 points (-1.82%). The London FTSE 100 index fell 71.73 points (-1.37%). Bloomberg European 500 Index fell 1.94 points (-1.12%).

Yesterday rating agency Standard Poor "s has announced that the UK banking system is no longer considered to be one of the most stable low-risk.

board member of the ECB"s Tumpel-Gugerell said that it was time to put monetary policy in the euro-zone rate.

Jobless claims in the United States for the week to 23.01 was 470K (the forecast was 452K, the previous value revised to 482K to 478K).

Durable goods orders in the U.S. for December was 0.3% (forecast was 2.0%, the previous value of 0.2%).

Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. Index of the Tokyo Stock Exchange"s Nikkei 225 falling to 147.87 points (-1.42%). Index of the Hong Kong Stock Exchange, Hang Seng falls to 158.18 points (-0.78%). Singapore Straits Times Index fell to 16.39 points (-0.59%). Code SP /ASX 200 fell to 103.70 points (-2.22%).

Today in Asia, the euro /dollar fell to 1.3910 marks, but by the end of the session rose to 1.3935. Rate pound /dollar traded near the 1.6115 mark. Pair dollar /yen is trading slightly above the level of 89.75. Gold is trading close to 1081.10 dollars per troy ounce.

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.

My tactical views:

EUR /USD: (5 /10 - a trend sideways): Today analysts" forecasts - up for auction in Rendžov: 1.3900-1.4100. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.3900, T /R = 1.4100, S /L = 1.3890. Actively move the foot, fixing the profit.

GBP /USD (5 /10 - Trend Neutral):
For short-term players better be in buying. Actively move the foot, fixing the profit.

USD /CHF (5 /10 - Trend Neutral):
Today is better to be out of the market.
actively move the foot behind the market, protecting profits.

USD /JPY: (5 /10 trend sideways):
now trading inside the corridor 89.50-90.70: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.

On the international foreign exchange market continued active sales euro
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Tymoshenko asks to buy Government Bonds
NBU felt the force of the flow
Yura, goodbye. Yura, hello

January 28 the Verkhovna Rada has sacked Interior Minister Yuriy Lutsenko ...


SP 500 fell on Thursday to a minimum of 3 months after the technology sector
Indexes in Europe fell Thursday after shares in steel sector
Forecasts of analysts: No growth on Thursday may have leveled at the opening of Russia"s stock market

Categories : News International Markets


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