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September 2012

 

Markets are consolidating before the Fed meeting
 
Market participants expect the results of the two-day meeting of the Federal Open Market, which begins today. After the release of weak statistics to the U.S. labor market, which was released last Friday, the markets raised in the hope that ...
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Markets are consolidating before the Fed meeting
 
Market participants expect the results of the two-day meeting of the Federal Open Market, which begins today. After the release of weak statistics to the U.S. labor market, which was released last Friday, the markets raised in the hope that this meeting will still decided to launch new stimulus programs.
In the currency market for the second day is celebrated on the eve of the weak dynamics of the Fed meeting. Poor statistics of the United States not only increased the probability of a new phase of quantitative easing, but it makes it pretty likely. If Bernanke earlier said only that the Fed is ready at any time, if it is necessary "to enable the printing press," so tomorrow he can no longer be a subject to talk about. And this, of course, will support trade, commodities and stock markets. But the U.S. dollar will be under intense pressure and will turn back into the currency of funding, which will be beneficial to take to buy risky assets.
Today, the market situation remains generally calm. Players remain out of the purchases and sales of assets previously purchased.
Today we should pay attention to data on the trade balance. Negative data can have a local pressure on the U.S. dollar.
 
Events today:
Moscow time
16.15 Canada Construction August n / a; 206,000; 209,000
16.30 Canada trade balance in July n / a; -1,5 billion kan.doll; -1.8 billion
16:30 U.S. July trade balance n / a; -44,2 billion; -42.9 billion.
18.00 U.S. economic optimism index IBD / TIPP September n / a; 47,3; 45,6
21.15 Great Presentations by the Monetary Policy Committee of the Bank of England Miles
 
Sergei Kostenko
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Today the market will keep correcting before the Fed meeting
 
European stocks market ended trading on Monday with a two-day decline in anticipation of the Fed meeting, which begins today. Since there is uncertainty about new incentives from the Federal Reserve, market participants do not want to risk ...
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Today the market will keep correcting before the Fed meeting
 
European stocks market ended trading on Monday with a two-day decline in anticipation of the Fed meeting, which begins today. Since there is uncertainty about new incentives from the Federal Reserve, market participants do not want to risk and fixed earlier profits on short-term rally.
Index DJ EURO STOXX BANK up to previous trading closed at 107.62 (+0.30%). Shares of BNP Paribas, UniCredit and Deutsche Bank rose from 0.38% to 1.56%.
Major European indexes at the close of the previous trading session: FTSE 100 - 5,793.20 (-0.03%); DAX 30 - 7,213.70 (-0.01%); CAC 40 - 3,506.05 (-0.37%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,511.00 (-0.79%). Trading in Europe opened to reduce the major stock indexes.
 
European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,103.55 (-0.29%).
Before the opening of the European session US yield on 10-year T-Note is 1.66% (+0.000 NCP), the 10-year German Government Bonds is 1.49% (-0.020 NCP), and the 10-year UK Government Bonds is 1.73% (+0.048 NCP), the 10-year Spanish Government Bonds 5.77 (+0.076 NCP), 10-year-old Italy Government Bonds 5.26 (+0.058 NCP).
Oil futures in the morning before the opening of the European trading session adjusted down on rumors from China about the fact that one of the successors of the country's leaders disappeared.
Brent Oil (ICE) in the morning electronic trading before the opening of Europe at 114.65 (-0.14%), and U.S. crude oil WTI (ICE) 96.34 (-0.21%).
Gold futures morning at 1,731.70 (-0.01%), quotes copper at 365.75 (-0.84%).
Commodity Index CRB Index for the previous trading day was 313.24 (+0.50%).
 
Currency market continues to consolidating amid expectations of the results of the Fed meeting, which begins today.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.27 (-0.09%).
 
Prediction of the day:
If on the Fed meeting will be decided to make new incentives, this will surely have a negative pressure on the U.S. dollar.
 
Events today:
Moscow time
12.30 UK trade balance in July n / a; -8,9 billion pounds -10.1 billion pounds
16.15 Canada Construction August n / a; 206,000; 209,000
16.30 Canada trade balance in July n / a; -1,5 billion kan.doll; -1.8 billion
16:30 U.S. July trade balance n / a; -44,2 billion; -42.9 billion.
18.00 U.S. economic optimism index IBD / TIPP September n / a; 47,3; 45,6
21.15 Great Presentations by the Monetary Policy Committee of the Bank of England Miles
 
Sergei Kostenko
*Recommendations listed in this article, can not be used as a base for the direct actions.
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Today the market is correcting before the Fed meeting
 
The U.S. stock market was closed on Friday on its maximum, but without any changes. The S & P 500 closed at a new maximum values since 2007. This increase was caused by the decision of the ECB ...
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Today the market is correcting before the Fed meeting
 
The U.S. stock market was closed on Friday on its maximum, but without any changes. The S & P 500 closed at a new maximum values since 2007. This increase was caused by the decision of the ECB in the end of the week to buy in unlimited amounts short-term bonds of Spain and Italy, if needed.
Growth leaders were banking stocks.
American BKX bank index closed yesterday at 49.27 (+1.57%). Stocks of JPMorgan Chase & Co., Citigroup Inc. and Bank of America Co. rose from 1.58% to 5.39%.
 
U.S. stock indexes for the previous trading day to close at: DJI-13,306.64 (+0.11%); S & P 500 - 1,437.92 (+0.40%); NASDAQ Comp. - 3,136.42 (+0.02%).
On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,435.30 (-0.20%). U.S. Markets open in a small minus.
 
Oil futures before opening in New York traded without significant changes compared with the morning values. Market participants expect the results of the two-day meeting of the Fed's monetary policy.
Brent Oil futures (ICE) day at 114.78 (+0.46%), U.S. crude oil WTI (ICE) 96.35 (-0.07%). Gold futures stood at 1,736.70 (-0.22%), quotes copper at 369.20 (+1.29).
Goldmann Sachs Commodity Index XOI last session stood at 1260.06 (+1.71%).
In the foreign exchange market has been a slight consolidation pending the outcome of the Fed meeting. One can assume that if the meeting will be given a clear signal to the launch of new incentives, this could have a lot of pressure on the U.S. dollar.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.29 (+0.07%).
 
Prediction of the day:
It looks like the market in anticipation of the Fed's meeting will continue to consolidate in a narrow range.
 
Events today:
Moscow time
23.00 U.S. Consumer Lending July n / a; 9,1 billion dollars, 6.5 billion
 
Sergei Kostenko

*Recommendations listed in this article, can not be used as a base for the direct actions.

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Optimism is reduced amid the current problems ...
 
The Optimism of the late last week is beginning to decline amid regular news from the eurozone. Greece again can not agree with the troika of creditors and those with the "slamming the door" left the land of ancient Greece. At ...
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Optimism is reduced amid the current problems ...
 
The Optimism of the late last week is beginning to decline amid regular news from the eurozone. Greece again can not agree with the troika of creditors and those with the "slamming the door" left the land of ancient Greece. At the same time, some German politicians, led by the Bundesbank continue to "stir up trouble", not wanting to know that Germany will not be able to hide, and if it begins to strongly support a weakening euro-zone countries, the crisis will finally destroy it.
In essence, it appears that the Germans have two options. First take on the burden of pulling out of the euro zone debt crisis, and the second to leave the eurozone. But even if Germany will leave the euro zone, it will not be getting better. In this connection I would like to ask a question, and that will make the German export-oriented companies to whom they will sell their products? Surely in the poverty-stricken Europe, affected the protracted crisis in the poor or China, where even the local authorities have failed to trigger the growth of domestic consumption.
No. The Germans had no choice but to save Europe. Needed immediate Euro integration and responding to all reporting. And as long as markets live hopes for a new batch of the drug called unlimited liquidity, which temporarily raise the markets, and then gives the new failure. Therefore, the single currency is still has a chance to grow up, but it will not be significant, since the growth of the money supply immediately lead to a weakening in the future of the single currency.
 
Events today:
Moscow time
12.30 Eurozone Sentix investor confidence from September n / a; -30,4; -30,3

23.00 U.S. Consumer Lending July n / a; 9,1 billion dollars, 6.5 billion

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The optimism of the last week starts to deflate
 
European stock market ended the week in a strong rally because of a negative statistics from the U.S. labor market, which showed worse-than-expected data on the number of new jobs in August. The number of jobs grew only ...
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The optimism of the last week starts to deflate
 
European stock market ended the week in a strong rally because of a negative statistics from the U.S. labor market, which showed worse-than-expected data on the number of new jobs in August. The number of jobs grew only to 96,000 against an expected growth of 121 000. Such a reaction of the market due to the fact that the negative data from the labor market will force the Fed's decision to resume new stimulus measures to support the economy.
 
Index DJ EURO STOXX BANK up to previous trading closed at 107.30 (+2.81%). Shares of Deutsche Bank, UniCredit and Societe Generale soared from 4.39% to 6.83%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,794.80 (+0.30%); DAX 30 - 7,214.50 (+0.66%); CAC 40 - 3,519.05 (+0.26%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,536.00 (-0.12%). Trading in Europe opened with a slight decline of the major stock indexes.
 
European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,106.72 (+0.18%).
Before the opening of the European session US yield on 10-year T-Note is 1.64% (-0.026 NCP), the 10-year German Government Bonds is 1.52% (+0.003 NCP), and the 10-year UK Government Bonds is 1.68% (-0.030 NCP), the 10-year Spanish Government Bonds 5.69 (+0.048 NCP), 10-year-old Italy Government Bonds 5.09 (+0.091 NCP).
 
Oil futures in London on the morning prior to the opening of the European trading session, moving in different directions on a background of weak data on the Chinese economy. Industrial production in China grew by 8.9% in August against its July value of 9.2%. These imports have also deteriorated, showing a decline of 2.6% y / y in August, against expectations of a 3.5% growth. This, of course, continues to point to the continued slowdown in the Chinese economy, which, of course, talks about the prospects of weak energy consumption.
 
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 114.40 (+0.13%), and U.S. crude oil WTI (ICE) 96.27 (-0.16%).
 
Gold futures morning at 1,739.80 (-0.04%), quotes copper at 365.75 (+0.34%).
Commodity Index CRB Index for the previous trading day was 311.67 (+0.90%).
 
In the currency market correction with a little strengthening of the U.S. dollar after a much-weakened at the end of last week, against the decision of the ECB to conduct repurchase of debt securities of weak eurozone countries and frankly bad statistics from the U.S. labor market.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.26 (+0.03%).
 
Prediction of the day:
One can assume that after the strong growth in the euro against the dollar in the Forex market correction occurs. Investors continue to expect news from the eurozone. Another lack of agreement between the three lenders and Greece has a negative pressure on the euro. EURUSD pair may adjust the level of 1.2687.
 
Events today:
Moscow time
12.30 Eurozone Sentix investor confidence from September n / a; -30,4; -30,3
23.00 U.S. Consumer Lending July n / a; 9,1 billion dollars, 6.5 billion
Sergei Kostenko
*Recommendations listed in this article, can not be used as a base for the direct actions.
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Attention to data on employment in the United States
 
The U.S. stock market closed on Thursday amid growing under the influence of a news from Europe. ECB decision to actively and unreservedly buy short-term bonds of Spain and Italy inspired investors' optimism that the euro zone will be ...
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Attention to data on employment in the United States
 
The U.S. stock market closed on Thursday amid growing under the influence of a news from Europe. ECB decision to actively and unreservedly buy short-term bonds of Spain and Italy inspired investors' optimism that the euro zone will be able to resolute struggle against the debt crisis.
In the largest decline were stocks of the banking sector.
American BKX bank index closed yesterday at 48.51 (+2.93%). Shares of companies JPMorgan Chase & Co., Citigroup Inc. and Bank of America Co. rose from 4.26% to 5.03%.
 
U.S. stock indexes for the previous trading day to close at: DJI-13,292.00 (+1.87%); S & P 500 - 1,432.12 (+2.04%); NASDAQ Comp. - 3,135.81 (+2.17%).
On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,435.70 (+0.33%). U.S. Markets open in positive territory.
 
Oil futures in London before opening in New York to increase the release of statistics on employment in the United States.
Crude futures mark Brent Oil (ICE) day at 113.95 (+0.40%), U.S. crude oil WTI (ICE) 95.88 (+0.37%). Gold futures stood at 1,710.40 (+0.97%), quotes copper at 350.30 (-0.74).
Goldmann Sachs Commodity Index XOI last session stood at 1238.83 (+0.21%).
In the currency market, commodity currencies and the euro are well supported amid expectations of stabilization in the European debt market and the inclusion of the Fed printing press due to the weak U.S. labor market.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.85 (-0.23%).
 
If current data on employment in the non-agricultural sector of the U.S. will be worse than expected, it will be a good signal for the market launch of the increased likelihood of the Fed QE 3 this year, but will certainly have a negative pressure on the U.S. dollar. We are waiting for the release of statistics from the U.S..
 
Events today:
Moscow time
Canada 16.30 Number of building permits in July n / a; -1,5% m / m, -2.5% m / m
16.30 Canada Changing the number of employed in August n / a; 9.900; -30.400
16.30 Canada unemployment rate in August n / a; 7,3%; 7,3%
16.30 Canada Productivity Q2. 2012 n / a; 0,2% q / q and 0.1% q / q
16:30 U.S. Change in number of employees (excluding agriculture) August n / a; 121.000; 163.000
16.30 U.S. unemployment rate in August n / a; 8,3%; 8,3%
16:30 U.S. Change in average hourly wages in August n / a; 0,2% m / m and 0.1% m / m
18.00 Canada Business Index from August Ivey n / a; 64,5; 62,8
18.00 Assessment of changes in UK NIESR GDP from June-August, n / a; n / a; -0,2%
 
Sergei Kostenko

* Recommendations listed in this article, can not be used as a base for the direct actions.

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AUD/USD
 
News background:
Pair growth may be limited if the data from the U.S. will be good. But if the statistics on employment in the non-agricultural sector of the U.S. came out weak, it will push the pair up, despite the weak economic data out ...
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AUD/USD
 
News background:
Pair growth may be limited if the data from the U.S. will be good. But if the statistics on employment in the non-agricultural sector of the U.S. came out weak, it will push the pair up, despite the weak economic data out of Australia.
 
Technical picture:
From a technical point of view, a pair rose sharply against the decision of the ECB to redeem short-term bonds. Pair is located at the upper boundary of the Bollinger Bands and above MA 5 and MA 21. It is possible that before the publication of data from the U.S. couple Adjust down.
Oscillator Stoch. is in overbought zone. The RSI indicates a weakening of the uptrend.
 
 
Trading recommendations.
Buy a couple on the bounce down, if the data from the United States will be worse than expected from the local to 1.0376.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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ECB inspired markets 
 
European stock markets were closed on Thursday with a strong growth due to the decision of the ECB to conduct unlimited redemption at par in cooperation with private investors of short-term government bonds of troubled eurozone countries. The top gainers were the stocks of banking ...
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ECB inspired markets 
 
European stock markets were closed on Thursday with a strong growth due to the decision of the ECB to conduct unlimited redemption at par in cooperation with private investors of short-term government bonds of troubled eurozone countries. The top gainers were the stocks of banking companies.
Index DJ EURO STOXX BANK up to previous trading closed at 104.37 (+5.93%). Shares of Deutsche Bank, Societe Generale and UniCredit soared from 7.06% to 8.14%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,777.34 (+2.11%); DAX 30 - 7,167.33 (+2.91%); CAC 40 - 3,509.88 (+3.06%). Futures on the DJ STOXX 50 in the morning  before the opening of trading in Europe is 2,539.00 (+0.79%). Trading in Europe will open growth of the major stock indexes.
 
European index of "blue chips" FTSEurofirst 300, closed on Thursday at 1,104.76 (+2.36%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.69% (+0.009 NCP), the 10-year German Government Bonds is 1.57% (+0.004 NCP), and the 10-year UK Government Bonds is 1.71% (+0.070 NCP), the 10-year Spanish Government Bonds 6.01 (-0.103 NCP), 10-year-old Italy Government Bonds 5.27 (-0.058 NCP). The sharp decline in yields of Spanish and Italian government bonds due to the ECB's decision to actively and in unlimited quantities to buy their debt securities. This action is designed to create a stabilization of the European debt market.
 
Oil futures in London on the morning prior to the opening of the European trading session, moving in different directions after yesterday's growth against the decision of the ECB to actively participate in the purchase of short-term government bonds of troubled European countries.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 113.57 (+0.07%), and U.S. crude oil WTI (ICE) 95.37 (-0.17%).
Gold futures morning at 1,695.60 (-0.59%), quotes copper at 353.70 (+0.58%).
Commodity Index CRB Index for the previous trading day was 308.89 (+0.20%).
 
In the currency markets great support having the commoditys due to the strong growth in the Chinese stock market. European currencies and the yen are moving in a different directions in anticipation of employment data in the U.S., which will be published later.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.04 (+0.02%).
 
Prediction of the day:
If current data on employment in the non-agricultural sector of the U.S. will be worse than expected, it will be a good signal for the market to launch the Fed QE 3 this year, but it will undoubtedly have a negative pressure on the U.S. dollar. We are waiting for the release of statistics from the U.S..
 
Events today:
Moscow time
11.00 Switzerland foreign exchange reserves in August n / a; n / a; 408,6 billion francs
Volume 12.30 UK manufacturing output in July n / a; 2,1% m / m, -2.9% m / m
12.30 UK Producer Price Index in August n / a; 1,6% m / m, 1.3% y / y
12.30 UK expected consumer inflation n / a; n / a; 3,7%
12.30 UK industrial output in July n / a; 1,7% m / m, -2.5% m / m
12.30 UK Producer Price Index in August n / a; 0,3% m / m and 0.0% m / m
14.00 Germany's industrial production in July n / a; 0,1% m / m, -0.9% m / m
Canada 16.30 Number of building permits in July n / a; -1,5% m / m, -2.5% m / m
16.30 Canada Changing the number of employed in August n / a; 9.900; -30.400
16.30 Canada unemployment rate in August n / a; 7,3%; 7,3%
16.30 Canada Productivity Q2. 2012 n / a; 0,2% q / q and 0.1% q / q
16:30 U.S. Change in number of employees (excluding agriculture) August n / a; 121.000; 163.000
16.30 U.S. unemployment rate in August n / a; 8,3%; 8,3%
16:30 U.S. Change in average hourly wages in August n / a; 0,2% m / m and 0.1% m / m
18.00 Canada Business Index from August Ivey n / a; 64,5; 62,8
18.00 Assessment of changes in UK NIESR GDP from June-August, n / a; n / a; -0,2%
 
Sergei Kostenko
 

* Recommendations listed in this article, can not be used as a base for the direct actions.

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Today, all the attention to data from the U.S.
 
Market reaction to the decision of the board of governors of the ECB to buy the unlimited quantities of short-term bonds to 3 years, caused a rally in global stock markets. In general, investors have been confirmed with the ...
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Today, all the attention to data from the U.S.
 
Market reaction to the decision of the board of governors of the ECB to buy the unlimited quantities of short-term bonds to 3 years, caused a rally in global stock markets. In general, investors have been confirmed with the leakage of the likely actions of the ECB, which was filling the markets. Now it is important to publish a press release which will include details of the action of the European Central Bank.
 
As for the situation in the markets, on the eve of the publication of important data on employment in the United States, the foreign exchange market has ambiguous situation. Especially for a sold-out commodity currencies which are rising against the bad grown Chinese stock market and the expectations of a large amount of liquidity from the ECB. Australian dollar rises, despite of the weak economic statistics. The index of business activity in the construction sector (from AIG) reached the level of 32.2 points versus 32.5 points of the predicted value. The trade balance was also not up to -0.56 billion dollars against 0.01 billion dollars, but inspite of this, the "Aussie" continues to rise in anticipation of new volumes of liquidity not only from the ECB, but from the Federal Reserve as well.
 
The single currency has stabilized after yesterday's volatile trading in anticipation of data from the U.S...
 
In general we can say that if the data on employment in the non-agricultural sector of the U.S. economy will be weaker than the forecast, it will be a strong signal for the Fed to launch new issue of incentives and will have a negative pressure on the U.S. dollar.
 
Events today:
Moscow time
11.00 Switzerland foreign exchange reserves in August n / a; n / a; 408,6 billion francs
Volume 
12.30 UK manufacturing output in July n / a; 2,1% m / m, -2.9% m / m
12.30 UK Producer Price Index in August n / a; 1,6% m / m, 1.3% y / y
12.30 UK expected consumer inflation n / a; n / a; 3,7%
12.30 UK industrial output in July n / a; 1,7% m / m, -2.5% m / m
12.30 UK Producer Price Index in August n / a; 0,3% m / m and 0.0% m / m
14.00 Germany's industrial production in July n / a; 0,1% m / m, -0.9% m / m
Canada 
16.30 Number of building permits in July n / a; -1,5% m / m, -2.5% m / m
16.30 Canada Changing the number of employed in August n / a; 9.900; -30.400
16.30 Canada unemployment rate in August n / a; 7,3%; 7,3%
16.30 Canada Productivity Q2. 2012 n / a; 0,2% q / q and 0.1% q / q
16:30 U.S. Change in number of employees (excluding agriculture) August n / a; 121.000; 163.000
16.30 U.S. unemployment rate in August n / a; 8,3%; 8,3%
16:30 U.S. Change in average hourly wages in August n / a; 0,2% m / m and 0.1% m / m
18.00 Canada Business Index from August Ivey n / a; 64,5; 62,8
18.00 Assessment of changes in UK NIESR GDP from June-August, n / a; n / a; -0,2%
19:40 Presentation Canada Governor of the Bank of Canada M.Karni n / an / an / a
 
Sergei Kostenko
 

 

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The U.S. market will continue to adjusted today ...
 
The U.S. stock market closed mixed on Tuesday, as a whole by adjusting the profit in anticipation of the ECB on repurchase of debt securities of short-term problem of the euro area, as well as the release of the ...
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The U.S. market will continue to adjusted today ...
 
The U.S. stock market closed mixed on Tuesday, as a whole by adjusting the profit in anticipation of the ECB on repurchase of debt securities of short-term problem of the euro area, as well as the release of the data about the U.S. employment, which will be published on Friday.
Largest decline has the stocks of such a companies as Facebook, United Technologies and Caterpillar Inc, which lost between 1.82% to 3.13%.
American BKX bank index closed yesterday at 47.24 (+0.11%). Stocks of companies Bank of America Co. and Goldman Sachs Group Inc rose by 0.13% and 0.65% respectively.
 
U.S. stock indexes for the previous trading day closed at: DJI-13,035.94 (-0.42%); S & P 500 - 1,404.94 (-0.12%); NASDAQ Comp. - 3,075.06 (+0.26%).
On the eve of the U.S. trading session, futures on the broad market index S & P 500 is 1,401.70 (-0.31%). U.S. markets will open with a reduction.
 
Oil futures in London before opening in New York are down due to the fears that fail will take the decisive action to fight the crisis in Europe.
Oil futures of Brent Oil (ICE) day at 113.55 (-0.56%), the U.S. oil WTI (ICE) 95.02 (-0.30%). Gold futures stood at 1,691.00 (-0.29%), quotes copper at 347.30 (+0.12).
Goldmann Sachs Commodity Index XOI last session stood at 1219.36 (-0.83%).
In the foreign exchange market witnessed volatile dynamics in the context of low volumes. EURUSD GBPUSD pair are getting the support amid weak results auctions of government bonds. Obviously, this local growth is seen as the result of the principle of "the worse, the better", in other words the worse is the economic situation in Europe, the more vigorously the ECB can act.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.40 (+0.10%).
 
Prediction of the day:
Reducing expectations that the ECB on September 6 will present a plan to purchase debt securities of distressed European countries, may lead to a correction to the level of the EURUSD 1.2450. One can assume that if the amount of ransom would be small, it can have a negative impact on the euro.
 
Events today:
Moscow time
16.30 Revised data on U.S. labor productivity outside agriculture Q2 2012 n / a; 1,8% q / q and 1.6% q / q
16.30 Revised data on U.S. labor costs Q2. 2012 n / a; 1,5% q / q and 1.7% q / q
17.00 Canada Decision of the Bank of Canada Interest Rate n / a; 1,00%; 1,00%
17.00 Statement of Canada Bank of Canada interest rate
Sergei Kostenko

* Recommendations listed in this article, can not be used as a base for the direct actions.

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