Forex Market. 14/01/2010

 

still fairly low levels of most indicators of market risk and volatility continue to limit the potential to strengthen the U.S. currency on the FX.

However, additional negative pressure on the USD has published quotations on Tuesday and Wednesday statistics balance indicators U.S.. According to her America"s trade deficit in November of this year increased to $ 36.4 billion from its value in the previous month, revised from an increase to $ 33.2 billion against $ 32.9 billion previously. Forecast of the indicator stood at $ 34.9 billion

Balance the U.S. budget was in December of this year - $ 91.9 billion from - $ 84.9 billion, according to the median estimate, and - $ 120.3 billion in the previous month.

Despite the apparent adverse impact of the information on the rate of USD in the short run, interms of medium-term assessments of the impact of these data to U.S. currency quotes should be noted that the rising trend rate of U.S. trade balance remains in force, despite the relatively small correction to the November figures. On the other hand, America"s budget deficit for 2010 fiscal year is now estimated by specialists at about $ 1 trillion. to $ 1.47 trillion. up to 12 months in 2009

Finally, the favorable impact on the segment of the investment in risk "and had published yesterday"s regular" Beige Book "Fed. Is significant that in her leadership Fed has been especially noted the increase from 8 to 10 the number of Federal Reserve Districts, which in December 2009 - early January 2010. observed "a definite increase in economic activity or improving macroeconomic conditions." In this case the problem of rising inflation, which was observed in the U.S. in November, PG, a review does not actually touched. Such information, looks a signal that reflects the fairly significant degree of lack of interest of U.S. regulators to reduce the optimism of investors in financial markets at the beginning of this year

Against this backdrop, this morning the EUR /USD re-test zone of resistance 1,45 /1,46, to overcome which may help to achieve a given currency pair in the I quarter. 2010 marks near 1,5.

Nevertheless, the risks of turning a favorable trend for the euro in this case is still relatively high. Changing the mindset players in the financial segment in the coming days may occur against the background of the publication of data on Friday, the U.S. CPI, and under the influence of the planned speech today at the United States President Barack Obama, who, in his special statement, intends to propose to introduce a new tax for the 20 largest U.S. financial companies.

 
Furthermore, the additional uncertainty and increased level of market risk creating an expected today investors Monetary segment performance ECB President JC Trichet on the basis of the January session of the European Central Bank, as well as going 14 and 15 January next quarterly financial reports, respectively, Intel and JP Morgan Chase.

Technical analysis of the currency pair USD /CAD
Asia: Labor market data pleased investors, Australia
Europe: indexes rose against the background of positive Beige Book
United States: the expectation of reporting improved mood
Latin America: retailers and America Movil have not given the rally going full speed
Forex Market 15/01/2010
Asia: IT sector is enthusiastic success of Intel
Europe: there was sadness, yes the U.S. helped
United States: "the first pancake" in the new year ...

Leave a comment