Yesterday, a pair of Euro /dollar rose in the U.S. session to 1.4100. Pound /dollar reached 1.6570. The pair dollar /yen has grown on the American session, with 80 points to 96.15.
The experts noted that the statement made by Governor of the Bank of China that the Bank of China in respect of its gold reserves has followed a consistent policy, without any abrupt changes in the course contributed to the easing of the Japanese yen on a wide range of world currencies. This statement somewhat calmed investors, because the previous statements of Chinese officials about the need for a new world reserve currency has a negative impact on the dollar.
Growth American stock indices helped to increase investor interest in the positions carry trade. Support for the cross-rates associated with the Japanese yen and the Australian and New Zealand dollars. Cross-pound /yen reached 159.28, which is 250 points higher than the daily minimum. Cross-rate euro /yen rose to 150 basis points up to 135.48. Australian dollar /U.S. dollar rose to 0.8095, which is 110 points higher than the daily minimum.
Yesterday Dow Jones index of the New York Stock Exchange rose 71.72 points (0.85%). Nasdaq index rose 4.12 points (0.22%). SP 500 index rose 6.27 points (0.68%).
Yesterday index Frankfurt stock exchange Xetra DAX rose 108.62 points (2.27%). The index of London Stock Exchange FTSE 100 rose 53.02 points (1.25%). The index of the Paris stock exchange CAC 40 rose 63.95 points (2.04%).
Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. The index of the Tokyo Stock Exchange Nikkei-225 rose 179.03 points (1.83%). Index of the Hong Kong Hang Seng stock market is growing at138.79 points (0.75%). Singapore Straits Times Index appreciated by 18.95 points (0.82%).
Today in Asia pair dollar /yen after the growth of up to 96.30 decreased to 95.90 support. Rate euro /yen dropped to 134.90 marks. Exchange EUR /USD rose on the Tokyo session to 1.4120. Pound /dollar traded near 1.6650 level.
Also, the pressure on the dollar is providing an increase in oil prices and gold. The price of WTI crude oil in New York rose 1.42 dollars to 72.91 dollars per barrel. Mark Brent crude also grown up, breaking the mark from the bottom up 72.50 dollars per barrel.
Gold continued its growth in Asia and by the end of the Tokyo session, the resistance has reached 941 dollars per troy ounce.
Start the European session, has made adjustments to the dynamics of the foreign exchange market. Forex market is closely monitoring the dynamics of stock market and the emerging macroeconomic statistics.
The price index for real estate companies in the UK Nationwide in June 2009 was 0.9% for the month, -9.3% for the year (forecast 0.2% during the month, -10.1% for the year, the previous value of 1.2% per month, -11.3 % per year).
Today, investors will be focused on the dynamics of the stock and commodity markets and goes macroeconomic statistics.
So, to conclude the second quarter of this year, the U.S. dollar and the yen may continue to decline, which began after the publication of good data on consumer confidence in the euro area. Attitudes to risk in the markets once again positive. Recall that the current quarter was a record for a number of financial instruments. For example, the Australian and New Zealand dollar showed a maximum strengthening against the U.S. currency over the past 24 years, and the SP500 stock market index has not seen the rally, like the current, since 1998.
However, should continue to look positively on the prospects for the U.S. currency. Do bulls have strong grounds for longovyh positions on the U.S. dollar. For example, if you look at the macro-economic data in recent weeks, it becomes clear that European countries lag behind the United States for one or two quarters. Consequently, after strengthening the position of carry trade on the positive statistics of the United States and the achievement of a pair of Euro /dollar 1.4363 marks should immediately stand up in shorts in a block of European currencies against the U.S. dollar and Japanese yen. It is likely that the last two quarters of 2009 will be better for the dollar over the past 27 years. The goal pair euro /dollar - 1.18.
EUR /USD: (5 /10 - trend upwards): on analysts' forecasts now - to bid in the range: 1.4080-1.4210. Today, expect short-term correction of the market up. Therefore it is possible to short sell on impulse buying from the bottom of 1.4080, T /R = 1.4210, S /L = 1.3990. Positional traders are once again beginning to build up shorts with daytime highs. Actively move the foot, recording a profit.
GBP /USD (5 /10 - trend upwards): for short-term players better be on sale. Actively move the foot, recording a profit.
USD /CHF (5 /10 - the trend sideways): today better be in buying. Actively move the foot, followed by the market, while protecting profits.
USD /JPY: (5 /10 trend sideways): now trading inside the corridor 95.00-96.00: better to be in a small purchase with a daily minimum. Actively move the foot, followed by the market, while protecting profits.
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