FOREX and Financial Crisis

Europe Old World Index closed raznonapravleno, the average change was -0.1% (index DJ STOXX 600). The reasons can be priplesti following: conflicting data macroeconomic statistics (optimistic expectations, the reality is not so simple) and yet another batch of negative news from the financial sector (as zemlitsy not drop into the abyss, it is still smaller than would be). America New World Index fell by 1,1-1,3%, - a neutral macroeconomic statistics has not been able to counter the negative news from the corporate sector. In addition, the further, the increasing number of investors starts to chafe because of technical perekuplennosti. raw materials, currency, etc. Industrial metals at auction in London continue to fall, but so far all fit into the framework of corrective movements after the upgrade maximum calendar year. gold came near the mark of $ 930, came with a caution to the U.S. dollar, which yesterday agreed to a little pripast in relation to a basket of currencies. I have already said that gold does not make sense to analyze in isolation from the global reserve (some time ago there was noticeable desync, but now everything has returned to his own interests) and on the last bovine I am of the opinion, in the sense that the expectation of strengthening in the short term.

continue to fall outside the negative Tuesday, Russian area began at the lateral movement of the closure of the previous day. But the bulls catch away the possibility of taking the market up. The reason for the growth of steel as the macro-economic statistics from Germany, and the positive dynamics of energy prices. The same statistics supported the growth of the housing market in the United States. Closer to the evening market has been a wave of correction on the background of the negative data on U.S. industrial production. At the end of the trading the MICEX index rose by 1.98%, ending the day at 1099.42. Leaders of growth have become common and preferred stocks of Sberbank added 4.9% and 7.1% respectively. Despite crude oil futures on the 72 dollar mark per barrel, the market was worse than the paper Tatneft, which lost 1%. External background to our discovery of negatives. American site, which the first third of the trading was based on positive territory by mid trading session, lost around 1%. At the end of the trading Dow Jones Indexes and the S P500 lost 1.3%, NASDAQ index fell by 1.1%. The oil market also failed to bring optimism to our site. Futures oil brand Brent, which to our closing traded below 72 dollars a barrel, to 9.30 am today, standing around 70.7 dollars per barrel. As a result, we expect the opening of our markets, gepom down. Negative external background uvedet market below the level of 1090 on the MICEX index, after which the decline will continue. Toward the evening, the players pay attention to statistics on consumer prices and oil and petroleum products in the United States. We recommend investors to close long positions and take a wait-and-see attitude, before the emergence of new opportunities for shopping. Authorize and appreciate the story;; 7 users rated material at 3,4. Analyst Ratings

Russian stock market on Tuesday rose for the troubled bid, having played some losses on Monday, went through the oil and U.S. statistics. Quotations oil contracts recovering after two days of decline, once again exceeded the $ 72 a barrel. Data on the housing sector in the United States and the index of producer prices were better than forecasts. However, there is the desire of investors to fix profit, ie there is an understanding that the market for some time away from economic reality. Prices of most of Russian liquid shares on the basis of trading sessions have increased by 1,4-4,9%. Morning negative from falling U.S. indexes on Monday, soon managed to digest. Lowering the value of the dollar and consequently increases the cost of oil contracts supported the growth of the Russian market at the end of the day. Applications opened in Yekaterinburg summit BRICs impact on the market do not have. Shares of Sberbank took the lead and went on the growth of 4,9%, shares of VTB - at 4.1%. Shares of oil and gas sector have increased by 1,4-1,9%. Yesterday's motion was not earmarked chance to return to growth. Rather, yesterday's movement is similar to some attempts to compensate for the decline is too strong on Monday. Perhaps the market, is to ensure that major players have managed vyti at the time of the stock market. In addition to the existence of some perekuplennosti market shares, there is a growing threat to the dollar as the world market and the Russian Federation (on the world market due to the deterioration of suspicion in the continuation of economic weakening, for the Russian Federation for the improvement of macroeconomic indicators). In the short term, analysts expect a reduction in the ruble liquidity because of the upcoming return of a large Bank of Russia bezzalogovyh loans totaling about 314 billion rubles. levels of resistance and support for today 17 June Term contract for the RTS index of execution in September The level of support for today - 103 500 (99 800). Level Resistance - 108 000 (113 000). RTS - support for 1045 (960); - Resistance 1127 (1208). GAZPROM - Support 170r.; 167r.; - resistance 179r.; 185r. GMKNN - Support 3150r.; 3050r.; - resistance 3460r.; 3580r. Company - Support 1570r.; 1500r.; - resistance 1615r.; 1663r. Rostelekom - Support 174r.; - resistance 204r.; 215r. Rosneft - Support 183r.; 172r.; - resistance 192r.; 198r. bank on. - support 40.60r.; 35.20r.; - 46.80r resistance.; 50.90r. Sberbank Ave - support 26.70r.; 23.0r.; - 28.50r resistance.; 22.70r. Surgutneftegas - support 23.60r.; 23.00r.; - 24.80r resistance.; 26.00r. Authorize and appreciate the story;; 3 users rated material 4. Analyst Ratings

Dow Jones (Dow Jones) the New York Stock Exchange fell by 60.46 points (-0.70%), and is at the level of 8551.67. NASDAQ Index (Nasdaq) fell 9.42 points (-0.52%), and is at the level of 1806.96. Index S & P 500 (SP 500) dropped 6.45 points (-0.70%) and is located at 917.27. Yield 30-year U.S. government bond is 4.503 (has fallen over the previous closing on 0.052). index of the Frankfurt Stock Exchange Ksetra Daks (Xetra DAX) rose 0.78 points (0.02%) and is at the level of 4890.72. The index of London Stock Exchange Futsi 100 (FTSE 100) rose by 2.56 points (0.06%) and closed at 4328.57. The index of the Paris Stock Exchange BuyThisBook 40 (CAC 40) dropped 5.63 points (-0.17%), and is at the level of 3213.95. fall of quotations on the U.S. stock market (Dow Jones fell over 100 points in the session) again provoked a wave of risk by investors closing positions of the euro, pound, Australian and New Zealand dollars have been under pressure against the U.S. dollar and yen. Rate euro /yen fell to 133.25 marks, which is 200 points below yesterday's peak. Rate euro /dollar since the recovery up to 1.3929 fell to 1.3825. Rate Australian Dollar /U.S. Dollar has dropped from 0.8065 to 0.7939 level. Index of Industrial Production (Industrial production) in the United States for May was -1.1% (forecast was -0.6%, revised from the previous value of -0.5% to -0.7%). Capacity utilization of the capacity of the economy (Capacity utilization) in the United States in May amounted to 68.3 (forecast was 68.5, the previous value revised 69.1 to 69.0).

At the auction on Tuesday the situation in the markets once again changed. The U.S. currency started the week of fairly strong growth, on Tuesday came under pressure from its major competitors due to the fact that the leading countries with developing economies (Brazil, Russia, India and China), called for a more diversified global monetary system. According to experts, the proposal to create a less centered on the dollar system was due to growing markets in the United States fears about the solvency and stability of the course of American currency in the context of fairly aggressive monetary policy of the U.S. Fed. Against this backdrop, the euro /dollar rose to the level of 1.3747 to 1.3932, pound /dollar rose to 1.6210 marks from 1.6506, the dollar /franc fell to 1.0955 to the 1.0820 level, dollar /yen down from the 97.87 to 96.05 . Japanese yen has been supported by the fact that the Bank of Japan raised the assessment of the economy the second month in succession. Following the same ending on Tuesday the next meeting of the Central Bank of Japan left a key interest rate at 0.10%. At the same time, it is worth noting that the tendency of investors to risk has increased somewhat in the background of the economic output of the euro area and Britain. Institute index of German ZEW (sentiment in the economic sphere) in June unexpectedly rose more dramatically than predicted. In June, the expectations index rose to 44.8 from 33.1 in May and was above forecasts, according to which he was to make 35. This helped the euro rise against the dollar. The British pound was supported by the UK consumer price index, which in May was higher than forecast and increased by 0.60% compared to the previous month and 2.20% over the same period last year. According to the consensus forecast, he had to grow at 0.30% compared to the previous month and by 2% over the same period last year.

OAO North-West Telecom predicts decline in net profit on the basis of 2009 to 39.5% in accordance with IFRS (1 550 million rubles. To 2 561 million rubles. On the basis of 2008). This was during a conference call, said Venus Khusnutdinova, Deputy Director General - Director for Economics and Finance of OJSC North-West Telecom. Today, our forecast for net profit is modest, but we assumed that the average exchange rate for the ruble in 2009 will be the order of 35-37 rubles. The fact we see that the rate is much lower. Therefore, our forecast for 2009 is quite pessimistic. We see that, while maintaining the operational efficiency of companies in the core meaning of the result of net profit to a large extent will depend on what will happen in the foreign exchange market, including what steps the company will undertake to ensure that hedge their currency risks, - said Mrs.

This morning, the Russian stock market showed quite uncertain dynamics. After lunch, a situation somewhat correct, when oil prices accelerated their upward movement, Breaks Through to $ 71 per barrel class brent. Nevertheless, the market looks better than the banking sector. Thus, VTB shares to 15.00 went up by 3.7%, Sberbank added 3.6%. Apparently, after yesterday's technical correction, investors decided to play the statements of Russian officials about the low risk of foreign debt securities and to maintain their domestic reserves. Thus, indirectly confirming the absence of an acute need for additional liquidity in the Russian banking sector. But further growth could be the cause of their excessive pereprodannost. Compared with the beginning of June, shares of banks cheaper, on average, 20%, while the neftyanka has lost only about 10%. According to my estimates emerged in the last 2 weeks, the medium-term down trend will continue with the aim of 900 points on the MICEX index. In doing so, investors wishing to enter the market, one can recommend action levels 2-3, showing a tendency to rise, but still far from their historic highs. For example, investors pay attention to shares of the Bank of St. Petersburg, which is still worth 4 times cheaper than maximum values, while the financial performance of companies are not severely affected as a result of the crisis. Shareholders' equity as of May 1 for the year grew by 30%. Net profit, on the basis of 2008 amounted to 2,7 bln. And for 1 square. 2009, 240 million rubles. Authorize and appreciate the story;; 3 users rated material at 3,7. Analyst Ratings

course of American currency to the euro and yen decreases on Tuesday in anticipation of promproizvodstvu in the U.S., reports Bloomberg. As expected, the volume of industrial production in the country fell in May, the seventh month in succession - at 1%. The continued weakening of the manufacturing sector increases the likelihood that the Federal Reserve System (FRS) the USA will keep the base interest rate in the current range of 0 to 0.25% per annum. value of the dollar on the yen fell to 96.48 yen compared with 97.84 yen at the market closing on Monday. course of American currency to the euro slipped to $ 1.3815 from $ 1.3803 the previous day. This also contributed to expectations that statdannye on the European economy, which will be published on Tuesday, will be positive. According to the experts, the index of confidence of investors and analysts to the economy of Germany in June rose to 35 points compared to 31.1 points in May. During the bidding the dollar rose to $ 1.3749 - the highest level since 21 May.

Prime Minister Yuliya Tymoshenko intends to bring to the criminal responsibility of management and owners rekapitaliziruemyh with the state banks. This she said in the broadcast television ICTV. Tymoshenko said that he knew about abuses in some banks, which rekapitaliziruyutsya State. In some banks, we have indeed entered there as a state owned, there is the amount of money issue, which went to support the bank is dissolved in an unknown direction, - said Tymoshenko. She forecast that by the end of this week (until 22 June), the Government will take rekapitaliziruemye the banks to conduct a detailed audit. Believe me, I am there to investigate the molecules and atoms, I am there every hryvnya look under the microscope, because I know exactly where to send the money and know exactly who did it, - said Prime. Tymoshenko stressed that, because of the abuse of management of banks with emission of money suffered by millions of people whose deposits were frozen.

the end of the year the price situation in the housing market will depend not only economic but also political factors, the publication of The Power of Money. At the end of May in the capital of realtor database evaporate offers cheaper 40 thousand dollars. In April and May have been implemented, most of the cheapest options in the sales remained flat подороже - said Ruslan Bezuglyi, Director of the Academy of Sciences Ukrainian House (Kiev). - And therefore there подорожания effect. Experts consider it temporary. Downward price trend in the flat for the next six months, in their view, perpetuate precisely the forthcoming change of head of state. There is no tendency to rise housing until the mid-late 2010, clearly will not, and one of the reasons - the elections, - argues Sergei Kostetsky, marketing analyst consulting company SV Development. In addition to the normal drop in mass demand in the forthcoming elections (now dealt with two dates - in December 2009 or January 2010) is added and the seasonal decline in business activity in the pre-and postnovogodny periods. Another indirect influence on the value of vtorichki prior to the change of power - the dollar, habitually dependent on political processes. The May drop in U.S. currency (NBU rate for the month fell by 1%) suspended the cheaper apartments, but in some cases even allowing sellers to revise the price upward. By the time of launch pre-race, experts expect the growth of the dollar. Some analysts predict that by the end of the year, the dollar will cost 9 hryvnia - believes Nikolai Ivchenko, head of analytical department of company Forex Club.