Financial News and Economical Crisis

Yesterday, the euro /dollar was trading near the 1.4380 mark. Rate pound /dollar is oscillating around level of 1.6330. Pair dollar /yen was established near the mark of 90.70. Cross the euro /yen has stabilized near the 130.60 level.

The experts noted that trading volumes on the forex market in the U.S. session were extremely low due to weekend in the U.S..

Last Friday, the Dow Jones New York Stock Exchange fell 100.90 points (-0.94%). The Nasdaq fell 28.75 points (-1.24%). SP 500 index fell 12.43 points (-1.08%).

Yesterday, the index of the Frankfurt Stock Exchange Xetra DAX rose 42.58 points (0.72%). The London FTSE 100 index rose 39.02 points (0.72%). Bloomberg European 500 Index rose 1.39 points (0.77%).

Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. Index of the Tokyo Stock Exchange”s Nikkei 225 falls to 94.96 points (-0.87%). Index of the Hong Kong Stock Exchange, Hang Seng falls to 78.64 points (-0.37%). Singapore Straits Times Index fell to 0.64 points (-0.02%). Code SP /ASX 200 fell to 49.90 points (-1.02%).

Today in Asia, the euro /dollar fluctuated near the 1.4380 mark. Rate pound /dollar traded near the 1.6400 mark. Pair dollar /yen is trading slightly above the level of 90.30. Gold traded near U.S. $ 1.136.20 per troy ounce.

start of the European session, failed to make the adjustment in the dynamics of the currency market. Forex market closely followed the dynamics of the stock market, and for overlooking the macroeconomic statistics. Investors continue to monitor the publication of financial statements of major American companies for the fourth quarter of 2009. These data have an appreciable effect on the behavior of U.S. stock indices.

My tactical views:

EUR /USD (5 /10 - trend upwards): Today analysts” forecasts - up for auction in Rendžov: 1.4330-1.4500. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4330, T /R = 1.4500, S /L = 1.4290. Actively move the foot, fixing the profit.

GBP /USD (5 /10 - Trend Neutral):
For short-term players better be in buying. Actively move the foot, fixing the profit.

USD /CHF (5 /10 - Trend Neutral):
Today is better to be out of the market.
actively move the foot behind the market, protecting profits.

USD /JPY (5 /10 trend sideways):
now trading inside the corridor 90.30-91.20: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.

Russia market has every chance to test this week, the level of 1500 points on the MICEX
Trading volume on the stock market, MICEX Stock Exchange on Monday amounted to 101.88 billion rubles
Today is expected to continue to improve the game in the “second echelon”
International companies continue to publish quarterly reports, which in substantial form the investment sentiment
The reduction in global demand for shares of the financial sector can have a negative impact on Russian banks” securities
Now back to the work ofd86the American sites, as well as forthcoming new statistic data and financial statements that stir the markets
External background at the opening today”s trading in Russia remains neutral
External background moderately negative for Russia”s stock market, Asia is traded mostly down
Euro now will be traded in the range 1,4330-1,4460 dollar