USD And again pitching on the market. The long-awaited breakthrough and the trend reversal has not happened, because players do not fully lost faith in the power of the American economy. A series of disappointing figures from the labor market and a consumer sector still unable to reduce the demand for the dollar, although possibly a role in strengthening the currency and has played a flight from risky assets. Now traders are engaged in a guessing on what to expect from the nearest meeting Fedrezerva rates. Thus, all attention will be directed to the comments of representatives of the Federal Reserve, as well as data that may affect the tone of the accompanying statement. On Friday we learned that consumer prices in the United States remains symbolic, since the gradual recovery of the U.S. economy restrains inflation. Taking into account seasonal adjustments to the consumer price index (CPI) rose in December only after the unrevised 0.1% growth in November at 0.4%. American consumers continue to question the health of the economic system of his country, as confirmed by an index compiled by Reuters /University of Michigan, who grew up in December to only 72,8 pkt. against 72,5 pkt. in November. Projections indicate a significant increase - up to 74,0 pkt. Nevertheless, activity in New York"s manufacturing sector showed a sharper rise than analysts expected. The index of general state of the economy, reflected an increase to 15.9 from 4.5 in December. And industrial production rose in December at 0.6%, as analysts expected, while the rate was 72.0%. painting quite controversial, but one thing remains clear, that while the consumer sector is fairly weak, given the state of the labor market and the levels of expenditure. This is a very bad sign, since households are the backbone of the American economy. Calendar of this week is unlikely to clarify the situation, because of scheduled reports only data on flows of foreign capital, an index PPI, the number of new buildings and activity in the manufacturing industry FRB Philadelphia. Today, markets are closed in observance of Martin Luther King Day. EUR In the last working day of the week the euro weakened against the dollar, and it was a lot of reasons. On Friday morning the single currency has been actively selling on rumors of the resignation of Chancellor Angela Merkel.
Outside the background of recent days was contradictory - on the one hand, the market pressured news from China (the beginning of the tightening of monetary policy), Europe (fiscal and debt crisis in Greece) and the U.S. (a sudden drop in retail sales). Ambiguous report of the first major U.S. bank, reported last quarter, put pressure on markets, particularly in the equities of the financial sector. Although the net profit ($ 0.74 per share) significantly exceeded the consensus forecast ($ 0.61), the result was assured income from investment banking operations. In this first 1 square. 2008, the Bank has received the loss in the retail segment, as had to build up reserves to cover losses on consumer loans. Moreover, the bank"s chief executive promises to 1P10 quarterly loss on credit cards in the amount of $ 1 billion as defaults in this segment reflect the high level of unemployment in the United States. Stated on the eve of Barack Obama plan to tax the largest financial companies in the U.S. as a new tax is not added their positive actions. Block American makrostatistiki was also mixed. Were better than expected data for the January increase in industrial activity in New York, inflation (CPI) formed below the consensus forecast, which indicates the possibility of maintaining supportive monetary policy the Fed. Data on industrial production coincided with the expectations (0.6%), although growth was achieved extraction of raw materials and power generation, with the downturn in the manufacturing sectors. But the greatest disappointment to the market brought a report on the index of consumer confidence in the University of Michigan - despite a slight increase in the previous month, it was below the consensus forecast, reflecting the deterioration in expectations of U.S.