By mid-day trading environment since the single European currency was not any better: the patient is feverish, the forex just perceptibly under pressure as the U.S. dollar and foreign background, which from the beginning of the week is becoming gloomier for the EUR.
By 15:10 Moscow time the euro is worth 1.4138 against the closing level of 1.4288 on Tuesday.
Expected players performance member of the European Central Bank was not so severe and, although positive on the market, too, has been received. Thus, monetary policy noted that the first half of 2010, is likely to be worse than the second half of the year, and the restoration itself, is likely to be gradual and uneven. According to Stark, the fall of the economy should not be a sign of recession with double bottom. In addition, he stressed that currently there are signs of deterioration in credit quality, and they may indicate a new wave of write-offs by banks” bad assets.
Regarding the situation with the euro”s decline, the technical charts indicate a possible beginning of a new wave of incidence the storming of the support level at 1.3950 and below. We have seen that the two scenarios: either the market will turn its attention to something else, but the situation around Greece, and will “drown” any other currency or the euro will fall to the downtrend is firmly and permanently.
Today in the afternoon, expected to be published statistic data on the number of new buildings and building permits in the United States, and, according to market rates once again come out weaker than forecasts. If expectations are met, the euro will get another boost to the downside.
likely EUR /USD pair will complete today”s trading in the corridor of 1.4000-1.4200.
OGK-1 plans to transfer power unit № 3 Kashirskaya coal in 1 quarter 2010 Energy, World Stock Market, Currency, Weather …
Maxim Poletayev: One of the objectives of the Moscow bank “Sberbank” - strengthening work with small businesses
In Asia today, the dynamics of the stock pads negative
EU ministers put pressure on Greece
OPEC raised its forecast negligible demand for oil in 2010
The largest airline in Japan and Asia, announced the bankruptcy and restructuring
IMF: Yuan is undervalued and should be free to bargain
Analytics - the outcome of the day
The stock market loser Citigroup results