Forex Market 26/01/2010
By admin at 21 February, 2010, 6:15 pm
 Successful placement gosbondov Greece yesterday afternoon trading on the exchange rate has supported the single European currency. Total volume of bids at the auction held by the Greek Government on placement of public debt was at a record 25 billion euros and more than three times higher than the stated amount of emissions. The rate of placement as a result of reduced to 6,2% per annum against the ad before the start of the auction 6,35% per annum.
Nevertheless, given the success of the Greek financial authorities, obviously, does not mean solution to the debt and fiscal problems of this country. In 2010 they planned to bring another 54 billion euros of new borrowing to 66 billion euros last year.
Meanwhile, the information received in the market in the last hours of the market regulators, in general, it appears, once again contributed to the growth of evaluation of investment risks.
Bank of Japan today at a regular meeting left a key interest rate at historic lows at 0.1% per annum and refrained from new, alternative measures aimed at "easing" of monetary policy.
U.S. President Barack Obama on Tuesday, in the course of treatment within the "State of the Union" - an annual message to Congress - is expected to announce the administration"s proposal to reduce its 2011 budget a number of programs to streamline public finances. As of February 1 this year scheduled to present the draft of the U.S. budget for the next fiscal year, when the American President to clarify exactly what the program will be phased out. It is known that the costs of defense, homeland security, international affairs, as well as to help war veterans will not be reduced. Some programs support low-income citizens will be expanded. However, as a whole package of fiscal expenditures, which is estimated at $ 477 billion, will ultimately reduced.
Finally, from this day for a number of Chinese banks, seem to come into force earlier increased by 0,5% of the norm of compulsory redundancy. The uncertainty associated with the possible reaction of financial markets in China, that change has caused on Tuesday morning, a lively reduction quotations Asian stock indices and prices of a number of other relatively high-risk investment assets.
The data of macroeconomics, emerged yesterday, the biggest impact on the prices of financial assets, obviously, could provide information about the reduction in December of this year American indicator of sales in the secondary housing market, whose value amounted to 5.45 million units., against 6.45 million units. in the previous month and 5.78 million units. according to the median estimate. Experts note that the statistics indicated deterioration due to the completion of government programs for stimulating the housing market.
At that background quotation EUR /USD to resume in the last hours of the reduction and the opening of trading in Europe, tested the support of 1.4070 /80. Medium-term trend and weekly quotations of the currency pair, while maintaining their "bear" orientation.
Perhaps, however, that in the coming days, the European currency would still be able to gain a foothold at elevations above 1.4 and even restore some previously lost positions. On the dynamics of market quotations, in this case could affect how information from the summit opens tomorrow in Davos, and the outcome of the January session of the Fed, which will be held on Thursday. Perhaps the regulators in the next few days will try to smooth out the negative market reaction to the recent marked deterioration in the investment climate.
The mood of the market set the weak futures on the SP and negative dynamics on Asian markets In 2009, the quality of service of Ukrainian companies record znizilos ...
The market expects the Fed save it on low rates for long time
The economy is still weak
The number of supporters in the Senate, Bernanke growing
Aviation middlebrow
Forex - Asia
Reduction in the Russian markets has affected all blue chips, drivers turning placc2ygrounds yet
At 13.00 Moscow time trade on the MICEX Stock Exchange amounted to 76155.9 million rubles
The main event of today"s trading session is out of data on stocks of petroleum and petroleum products from the U.S. Institute of Petroleum
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