Trading on the international currency market on Tuesday once again is not very active. In the North American session, the dollar has strengthened its position somewhat on the background of a weak publication of the September consumer confidence index, Conference Board (53,1 against 54,5 in August), but during today's trading in Asia quotes key pair returned to the previously formed bands.
players still on the fence in anticipation of release this week is enough meaningful stat. data. In this regard, any particular trend in the market can begin to form no earlier than Thursday (published in the U.S. data on personal income /expenditure).
players on Tuesday virtually no reaction to the positive statistics, out into the European region. Meanwhile, sentiment and consumer confidence in the euro area improved the sixth consecutive month. Sentiment Index in the economy of the monetary union grew in September to an annual maximum of 82.8. Indicator of consumer confidence also updated the maximum values of the year, reaching -19.
relatively positive data out in the United Kingdom. According to the National Bureau of Statistics, in II quarter of the British economy contracted by 0.6%, the previous estimate showed decline by 0,7%. This annual reduction remained unchanged -5,5% (maximum fall in the last half century).
Bank of England yesterday also provided information on the volumes of consumer lending, which in August rose in the United Kingdom at 0.7 billion pounds, which was due to the growth of mortgage lending. And if you exclude mortgage loans, the volume of consumer loans in the past month fell by 0.3 billion pounds.
Today, the most important figures will be released in the euro area - preliminary data on consumer inflation in September (13:00 Moscow time.), and in the USA - the final estimate of GDP for the II quarter (16:30 Moscow time).. Although the effect of statistics is still limited, the key pair will continue, we expect to consolidate at current ranges.
As a result, the euro continues to trade today in the corridor 1,4560-1,4684 dollar.
The immediate support for the MICEX index was at 1170 points Gazprom is making plans to expand its influence in Europe … Contrary to the requirements of NBU banks continue to accumulate currency to Nostro accounts in foreign banks …
Successful investment could be shares of the NUTRITEK, which managed to reach an understanding with creditors on restructuring its debt
Review of the FOREX market for 29.09.09
Yesterday, the euro /dollar was trading session at the American level of about 1.4570
Kommersant: Parliament may release carbon credits from fees
Gazpromonopoliya growing
Pose nostro
Forex Asia
Speculative recommendation on shares of Polyus Gold, Gazprom, Lukoil, Sberbank and VTB