Yesterday, a pair of Euro /dollar rose in the U.S. session to 1.4199. Pound /dollar reached 1.6542. The pair dollar /yen has grown on the American session, with 80 points to 96.95, but by the end of the session has stabilized around a mark 96.50.
yesterday came following macroeconomic statistics:
ISM index in the United States for June 2009 amounted to 44.8 (forecast was 43.9, the previous value of 42.8).
Construction spending in the United States in May 2009 was -0.9% (forecast was -0.4%, revised from the previous value of0.8% to 0.6%).
The experts noted that the negative impact on the dollar has reported that China proposes to discuss at the forthcoming Group of Eight summit to be held next week, the introduction of a new international reserve currency.
It should be noted that activity on the forex market this week is relatively low. This is due to the fact that on Friday the U.S. celebrates Independence Day, but tomorrow is expected to publish a regular review of the labor market in the United States and the ECB rate. In such situations, investors prefer to be out of the market.
Yesterday Dow Jones index of the New York Stock Exchange rose 72.33 points (0.86%). Nasdaq index rose 14.66 points (0.80%). SP 500 index rose 6.08 points (0.66%).
Yesterday index Frankfurt stock exchange Xetra DAX rose 96.80 points (2.01%). The index of London Stock Exchange FTSE 100 rose 91.50 points (2.15%). The index of the Paris stock exchange CAC 40 rose 76.56 points (2.44%).
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 fell 63.78 points (-0.64%). Index of the Hong Kong Hang Seng stock market is growing at 138.09 points (0.75%). Singapore Straits Times Index weakened to 10.90 points (-0.46%).
Today in Asia pair dollar /yen rose to 96.65, after lowering the mark to 96.38. Rate euro /yen fell to 136.25 marks. Exchange Euro /dollar fell on the Tokyo session to 1.4100. Pound /dollar traded near 1.6460 level.
Today in Asia on a thin market there is a rebound top dollar index, but it still remains within a fairly narrow range. In this context, many currency strategists expect that in the coming weeks of trade remain the same. They note that in order to be able to talk about the formation of a new trend in American currency, it is necessary to break a resistance at 82.75, or support near 77.55. The index of the dollar this morning traded close to the level of 79.75.
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.
Today, investors will be focused on the dynamics of the stock and commodity markets and goes macroeconomic statistics.
EUR /USD: (5 /10 - the trend sideways) : analysts' forecasts for today - to bid in the range: 1.4000-1.4150. Today, expect short-term correction of the market up. Therefore it is possible to short sell on impulse buying from the bottom of 1.4000, T /R = 1.4150, 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 - the trend sideways) :
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 96.00-97.50: better to be in a small purchase with a daily minimum.
actively move the foot, followed by the market, while protecting profits.
Europe vs. United States
Review of the FOREX market for 01.07.09
European companies are increasingly using bonds as a funding source
Victor Lozinsky prepared surrender
The ECB will keep rates unchanged, will have to consider other measures
Will any other loan?
The continued drift of the oil and gas sector in the paper does not allow for successful restoration of Russian market
The potential for reducing the cost of the shares of Sberbank is about 6.7% to 36.8 rubles
The nearest support for futures on RTS index is currently situated in the vicinity of 93 500-94 000 points