Friday, September 3, 2010

Forex: euro is under pressure from investors again worried the Greek question

Sunday, January 24, 2010, 22:10
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At the beginning of a new week, the situation on the interbank forex market (forex) There is in favor of the U.S. dollar: the players again in the economy in Greece and ways to tackle its problems, because last week the issue was discussed by politicians many times, and the head of the ECB”s Trichet stressed that the Greece should not expect any help from the EU - but the point of the story yet.

Angela Merkel, Chancellor of Germany, last week, also commented on the question of Greek influence on the course the single European currency, noting that the critical situation in the economy of Greece raises EUR in a difficult position.

In addition, concern, and data as business confidence in Germany is projected that the data whose publication is scheduled for Tuesday morning, come out weak. Thus, it is assumed that the statistics show ZEW drop in January, the fourth consecutive month to the level of 49.5 points from 50.4 points earlier in December.

Japanese Yen today also shows a downward momentum, decreasing to the background of forecasts regarding the continuation of the Bank of Japan”s stimulus package to avoid a spiral of deflation. In addition, the players kept in suspense waiting for the meeting of the Bank of Japan, which will be held on January 25-26.

By 9:50 GMT, the euro is on the level of forex 1.4386 against 1.4387 on Friday, failing to consolidate a bit compared to the marks of the Asian session.

Anticipated Trade Corridor to a pair of EUR /USD at today - 1.4350-1.4440. Most likely, the first half of the week for the euro will move in the downlink of the pressure of external news, perhaps testing the levels 1.4270 and 1.4250.

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America closed lower, Asia traded mostly down
Today in the U.S. holiday
Analytical review of the Forex market a week from 11 to 15 January
Kommersant: The National Bank introduced a new classification of credit institutions
Oil and gas today will remain under pressure, in less liquid securities are not excluded selective growth of quotations
Possibility of the outcome devaluation of the ruble in the coming weeks remains
In connection with the holiday in the U.S., today”s trading on the market of Russia will be held under the dictation of Europe

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