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USD / JPY
 
News background:
The pair continues to receive support amid expectations of further increase the liquidity of the Bank of Japan in the local market. Dollar gets additional support through the Fed confirmed earlier embarked on a soft monetary policy.
 
Technical picture:
From a technical point ...
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USD / JPY
 
News background:
The pair continues to receive support amid expectations of further increase the liquidity of the Bank of Japan in the local market. Dollar gets additional support through the Fed confirmed earlier embarked on a soft monetary policy.
 
Technical picture:
From a technical point of view, the price is in the short-term uptrend. At the top of the Bollinger bands above EMA 5, 21, and SMA 100 and 200. Pair has the potential to rise to the level of the local end of June of this year, 80.60, if it manages to consolidate above the 79.70 level.
Indicators Stoch. and RSI shows overbought.
 
 
Trading recommendations. Buy a couple of down on the rebound from a local to 80.60.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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Market stabilized in anticipation of elections in the United States ...
 
Yesterday was filled with a large number of events that have helped to stabilize global markets after strong sales on Tuesday amid frustrations associated with the restoration of the American economy. First news that Athens got a reprieve ...
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Market stabilized in anticipation of elections in the United States ...
 
Yesterday was filled with a large number of events that have helped to stabilize global markets after strong sales on Tuesday amid frustrations associated with the restoration of the American economy. First news that Athens got a reprieve from the budget payments on the loans taken earlier, suspended further decline in the common currency. Then the good news from the U.S. housing market have returned to the markets positive mood. Sales of new homes in the U.S. in September rose by 5.7 percent on a monthly basis to 389,000 units. And at the end of the day the Fed's decision to leave his earlier embarked on a soft monetary policy finally helped stabilize financial markets.
 
In that sense it's very important for investors was further confirmation of the position of the Federal Reserve. Bernanke said the Fed will buy unlimited quantities of mortgage securities and short-term bonds. It is thought that the program Twist-2 will also be in one form or another continued.
 
U.S. bond market's reaction to the growth of the revenue bonds, which indicates that investors believe the Fed and that the situation has improved out of money from bonds into riskier assets will continue.
 
Currency market reacted to yesterday's events clearly, the weakening of the U.S. dollar against major currencies. Yen continues to fall against the dollar on expectations of growing new incentives. It seems that the dream of the Japanese regulator decreases the yen starts to come true.
 
In general we can say that before the election in the U.S. picture won't change. Rates are too high in the event and market participants do not want to risk.
 
Today we should pay attention to data from the UK and the U.S..
 
Events today:
Moscow time
12.00 Eurozone M3 money supply in September n / a; 3,0% y / y, 2.9% y / y
12.00 Eurozone private sector lending in September n / a; -0,4% y / y, -0.6% y / y
12.30 UK Preliminary data on GDP growth 3 kv.2012 n / a; 0,6% q / q, -0.4% q / q
12.30 UK PMI services sector in August n / a; 0,5% 3m/3m, 0.1% 3m/3m
14.15 Great Presentations by the Monetary Policy Committee of the Bank of England Tucker
Basic index of 16.30 U.S. orders for durable goods in September n / a; 0,8% m / m, -1.6% m / m
16.30 The number of U.S. claims for unemployment benefits for the week October 14-20 n / a; 366,000; 388,000
16.30 U.S. orders for durable goods in September n / a; 6,9% m / m, -13.2% y / y
18.00 Outstanding U.S. home sales in September n / a; 2,4% m / m, -2.6% m / m
18:30 U.S. natural gas reserves for the week October 14-20 n / a; n / a; 51 billion cubic meters. ft
 

Sergei Kostenko

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The fed reiterated its firm line about the monetary policy
 
European shares ended trading on Wednesday, in a green area for a meeting eurozone leaders on whether to allow the Spanish crisis. Investors continue to hope that the uncertainty around Spain will disappear. European markets rose, despite the ...
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The fed reiterated its firm line about the monetary policy
 
European shares ended trading on Wednesday, in a green area for a meeting eurozone leaders on whether to allow the Spanish crisis. Investors continue to hope that the uncertainty around Spain will disappear. European markets rose, despite the poor statistics from Germany. Business climate index (PMI) fell to 48.1 points from 49.2 points in September. The leaders were paper company SAP AG, Pump up 4.18%, which works in the field of software development.
Index DJ EURO STOXX BANK up to previous trading closed at 107.57 (+0.43%). Shares of Deutsche Bank, UniCredit, and Group NV rose from 0.67% to 1.16%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,804.78 (+0.12%); DAX 30 - 2,490.58 (+0.51%); CAC 40 - 3,426.49 (+0.59%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,498.00 (+0.36%). Trading in Europe will open growth.
 
European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,093.71 (+0.46%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.81% (+0.023 NCP), the 10-year German Government Bonds is 1.60% (+0.032 NCP), and the 10-year UK Government Bonds is 1.85% (+0.025 NCP).
 
Oil futures morning before the opening of the European trading session yesterday after growing up a slight reduction on the background data on oil and petroleum products in the United States. Crude oil inventories last week rose to 375,125 million barrels. Motor gasoline stocks rose by 1.4 million barrels, which is the lower limit of the average range for this time of year. Inventories of distillate fuels fell by 0.64 million barrels last week and are in the lower range for this time of year. Common commercial petroleum inventories increased by 4.0 million barrels. Today, due to the increase in oil prices, the Fed's decision yesterday to continue their earlier rate easing of monetary policy to the labor market recovery.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 108.33 (+0.44%), and U.S. crude oil WTI (ICE) 86.19 (+0.53%).
Gold futures morning at 1,713.40 (+0.69%), quotes of copper at
358.30 (+0.42%).
Commodity Index CRB Index for the previous trading day was 297.69 (-0.73%).
 
In the currency market, there is a weakening of the U.S. dollar against the major currencies except the yen against the Fed. Yen continues to fall against the dollar for the reasons of the course the Bank of Japan to further injection of liquidity into the market.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.89 (-0.16%).
    
Prediction of the day:
EURUSD pair is testing the 1.3000 level and if it consolidates above it, there is a possibility of its local growth from 1.3065. As for the Dollar Yen, it is likely to further strengthen to the maximum values ​​the end of June 80.60.
 
Events today:
Moscow time
12.00 Eurozone M3 money supply in September n / a; 3,0% y / y, 2.9% y / y
12.00 Eurozone private sector lending in September n / a; -0,4% y / y, -0.6% y / y
12.30 UK Preliminary data on GDP growth 3 kv.2012 n / a; 0,6% q / q, -0.4% q / q
12.30 UK PMI services sector in August n / a; 0,5% 3m/3m, 0.1% 3m/3m
14.15 Great Presentations by the Monetary Policy Committee of the Bank of England Tucker
Basic index of 16.30 U.S. orders for durable goods in September n / a; 0,8% m / m, -1.6% m / m
16.30 The number of U.S. claims for unemployment benefits for the week October 14-20 n / a; 366,000; 388,000
16.30 U.S. orders for durable goods in September n / a; 6,9% m / m, -13.2% y / y
18.00 Outstanding U.S. home sales in September n / a; 2,4% m / m, -2.6% m / m
18:30 U.S. natural gas reserves for the week October 14-20 n / a; n / a; 51 billion cubic meters. ft
 
Sergei Kostenko
 

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EUR / USD
 
News background:
Pair renewed consolidation within 1.2870-1.3130 range. The main reason for this is to wait for the results of the elections in the United States, as well as decisions on monetary policy and the Fed.
 
Technical picture:
From a technical point of ...
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EUR / USD
 
News background:
Pair renewed consolidation within 1.2870-1.3130 range. The main reason for this is to wait for the results of the elections in the United States, as well as decisions on monetary policy and the Fed.
 
Technical picture:
From a technical point of view, the price is in the lower Bollinger below EMA 5, 21, but still above the SMA 100 and 200. Pair has the potential to reduce the level of local 1.2940 in the short term, as the level of 1.3015 overcome.
Indicators Stoch. points to the possibility of continuing to reduce vapors and RSI gives a signal to sell the pair.
 
 
Trading recommendations. Sell ​​to a local couple to 1.2940.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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Markets are waiting for the results of the Fed meeting
 
European stock markets were closed on Monday in the red zone, pending the results of presidential elections in the United States and the Federal Reserve meeting on monetary policy. Presidential elections will be held in the United States ...
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Markets are waiting for the results of the Fed meeting
 
European stock markets were closed on Monday in the red zone, pending the results of presidential elections in the United States and the Federal Reserve meeting on monetary policy. Presidential elections will be held in the United States on November 6 and in anticipation of this event, market participants tend not to take risks.
Index DJ EURO STOXX BANK up to previous trading closed at 109.17 (+0.13%). Shares of ING Group NV, Deutsche Bank and UniCredit added from 0.40% to 1.67%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,882.91 (-0.22%); DAX 30 - 7,328.05 (-0.71%); CAC 40 - 3,483.25 (-0.61%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,532.00 (+0.24%). Trading in Europe opened in the green zone.
 
European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,107.42 (-0.40%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.80% (+0.038 NCP), the 10-year German Government Bonds is 1.62% (-0.004 NCP), and the 10-year UK Government Bonds is 1.90% (+0.023 NCP).
 
Oil futures in the morning before the opening of the European trading session, moving in different directions after yesterday's decline amid profit taking, pending the results of the U.S. elections.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.28 (-0.15%), and U.S. crude oil WTI (ICE) 88.72 (+0.08%).
Gold futures morning at 1,724.50 (-0.10%), quotes of copper at
361.20 (-0.28%).
Commodity Index CRB Index for the previous trading day was 303.51 (-0.83%).
 
Foreign exchange market is waiting for the actual results of the meeting on monetary policy the Fed, and the presidential election in the United States.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.72 (-0.02%).
    
Prediction of the day:
It seems that today in the foreign exchange market will continue a period of consolidation in anticipation of the Fed meeting and Friday's release of the U.S. GDP.
 
Events today:
Moscow time
12.30 UK mortgage approvals in September n / a; 30,900; 30,500
16.30 Canada Basic index of retail sales in August n / a; 0,2% m / m, 0.4% y / y
16.30 Canada retail sales in August n / a; 0,4% m / m, 0.7% y / y
17.00 Canada Decision of the Bank of Canada Interest Rate n / a; 1,00%; 1,00%
18.00 Eurozone consumer confidence in September n / a; -26; -26
18.00 U.S. index of business activity in the manufacturing sector from the Federal Reserve Bank of Richmond in October n / a; 3, 4
21.00 Great Speech by the Bank of England Mervyn King
 
Sergei Kostenko
 

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

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The players expect the GDP data of the USA
 
An important outcome of the EU summit was the decision to create a single banking Supervisory authority for the Eurozone. 
It starts to act from the next year, and the main role will be played by the ECB ...
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The players expect the GDP data of the USA
 
An important outcome of the EU summit was the decision to create a single banking Supervisory authority for the Eurozone. 
It starts to act from the next year, and the main role will be played by the ECB, as a single body of control over more than 6 000 European banks. First of all, he will supervise the banks that received financial assistance from the state. Thanks to this decision, the ECB will be able to directly inject liquidity in the affected banks, which will alleviate any negative trends.
 
But markets still show little reaction to the Fed's decision on monetary policy and the release of the GDP for the third quarter. This Friday, there are data on U.S. GDP, which could have an impact on local markets. This is especially important before the U.S. elections. If the GDP data will be weak, it may again affect investor sentiment and to short-term impact on the market growth of the dollar.
 
Meanwhile, the foreign exchange market lull absence of important statistics today does not allow players to take any serious decisions.
 
Events today:
Moscow time
21.30 of the members of the U.S. FOMC Sandra Pianalto
 

Sergei Kostenko

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The EU summit did't encouraged investors
 
European shares closed on Friday with a lower on weak statements of U.S. companies General Electric and McDonald's, as well as the fact that the EU summit did not address the question of Greece, and Spain.
Index DJ EURO STOXX BANK ...
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The EU summit did't encouraged investors
 
European shares closed on Friday with a lower on weak statements of U.S. companies General Electric and McDonald's, as well as the fact that the EU summit did not address the question of Greece, and Spain.
Index DJ EURO STOXX BANK up to previous trading closed at 109.03 (-3.08%). Shares of Spanish bank BBVA, Bco De Sabadell and Banco Popular have fallen from 3.04% to 5.27%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 13,343.51 (-1.52%); DAX 30 - 1,433.19 (-1.66%); CAC 40 - 3,005.62 (-2.19%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,536.00 (+0.08%). Trading in Europe will open neutral.
 
European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,111.85 (-0.78%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.78% (+0.020 NCP), the 10-year German Government Bonds is 1.59% (-0.002 NCP), and the 10-year UK Government Bonds is 1.88% (-0.033 NCP).
 
Oil futures morning before the opening of the European trading session after failing to grow on Friday due to weak corporate statements of U.S. companies and on this background before fixing the profits.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 110.68 (+0.49%), and U.S. crude oil WTI (ICE) 90.89 (+0.50%).
Gold futures morning at 1,725.20 (+0.07%), quotes of copper at
364.95 (+0.33%).
Commodity Index CRB Index for the previous trading day was 306.05 (-0.87%).
 
In the foreign exchange market began a slight weakening of the dollar against major currencies except the yen, which has strengthened its decline against the background of economy minister Seiji Maehara, who said that "the country needs more measures easing of monetary policy and efforts to stimulate growth." Expectation of a further easing of monetary policy the Bank of Japan put pressure on the yen.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.57 (-0.15%).
    
Prediction of the day:
It can be assumed that if the EURUSD pair will overcome the level of 1.3060, it will grow to the level of 1.3130 after. If it does not, then the pair may fall to the level of 1.2940-50.
 
Events today:
Moscow time
21.30 of the members of the U.S. FOMC Sandra Pianalto
 
Sergei Kostenko
 

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

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GBP / USD
 
News background:
Pair gets a boost with the news from Europe, and if the current statistics from the UK won't be disappointed, and the minutes of the meeting of the Bank of England will confirm the immutability of the present course, it can support the pound ...
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GBP / USD
 
News background:
Pair gets a boost with the news from Europe, and if the current statistics from the UK won't be disappointed, and the minutes of the meeting of the Bank of England will confirm the immutability of the present course, it can support the pound and contribute to its local capacity to the level of a local maximum of 1.6215 if 1.6150 level will be overcome.
 
Technical picture:
From a technical point of view, the price is at the upper border of the Bollinger Bands, MA 5 and above MA 21 and MA 100 and 200. Price went up almost to the line resistance short-term downtrend. Overcoming the 1.6150 level and fixing it up on the statistics from the UK, can lead to local growth pair, despite the overbought Stoch. This indicator RSI still leaves the possibility of extending the short-term growth of the pair.
 
 
Trading recommendations. Buy a pair after its attachment above 1.6150 to 1.6215 with a local.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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Moody `s support markets ...
 
The decision of the rating Agency Moody's confirm short-term credit rating of Spain at the level of "Baa3" it turned out that is called in hand, against the background of the European summit of the EU, as well as the end of the presidential race ...
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Moody `s support markets ...
 
The decision of the rating Agency Moody's confirm short-term credit rating of Spain at the level of "Baa3" it turned out that is called in hand, against the background of the European summit of the EU, as well as the end of the presidential race in the United States. Despite the abscence of logic of this act (earlier in August, the agency argued that the Spanish market expects "garbage" level) the rating agency is still at the same level.
 
In a statement Moody `s said that" the combination of support for the euro area and the ECB and the Spanish government's own efforts will allow the government to maintain access to the capital markets at reasonable rates, giving him the necessary time to stabilize the government debt in the next few years. " (Reuters)
 
It seems that the agency decided "not to spoil" picture improvement with Spain, especially, according to the agency, it will resort to financial assistance in November.
 
Yesterday's European events quite radically, coupled with good corporate information of U.S. major companies influenced the growing optimism in the markets.
For this reason, the single currency came out of a period of consolidation and reached maximum values ​​of 18 September this year.
 
Improvement in economic sentiment in Germany also contributed to the reduction of tension in the markets. The index of economic sentiment in Germany came out better than expected -11.5 points against the expected value - 15.0 points. And despite the fact that the values ​​of this index is still in positive territory, suggesting a tendency already, compared with the previous - 18.2 points value of the indicator.
 
Today we should pay attention to the statistics from the UK and the U.S.. If it is positive it will have a local pressure on the U.S. dollar.
 
Events today:
Moscow time
12.30 UK Changing the number of applications for unemployment benefits in September n / a; -200; -15.000
12.30 Publication of the minutes of the UK Monetary Policy Committee of the Bank of England
12.30 UK unemployment rate in August n / a; 8,1%; 8,1%
12.30 UK The change of the average wage in August n / a; 1,6% 3m / y and 1.5% 3m / y
13.00 Switzerland ZEW economic expectations index in September n / a; n / a; -34,9
16.30 U.S. The number of building permits issued in September n / a; 810.000; 800.000
16.30 U.S. Bookmark new homes in September n / a; 770.000; 750.000
18:30 U.S. Change oil 08.10-14.10 n / a; n / a; 1,7 million barrels.
 

Sergei Kostenko

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Moody's has raised the investors mood...
 
European shares closed Tuesday on a report good growth from rating agency Moody `s, it confirms that a short-term credit rating of Spain's Prime-3. This report, as well as approval of the agency, that Spain is the EU summit will ask financial ...
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Moody's has raised the investors mood...
 
European shares closed Tuesday on a report good growth from rating agency Moody `s, it confirms that a short-term credit rating of Spain's Prime-3. This report, as well as approval of the agency, that Spain is the EU summit will ask financial help, reassure investors and boosted risk appetite in financial markets. An additional positive factor was evidence of an increase in industrial production in the United States above a certain level. For this reason, the leaders of growth were the stocks of the European banking sector.
Index DJ EURO STOXX BANK up to previous trading closed at 105.23 (+1.02%). Shares of Deutsche Bank, BBVA and Lloyds soared from 5.06% to 6.05%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,870.54 (+1.12%); DAX 30 - 7,376.27 (+1.58%); CAC 40 - 3,500.94 (+2.36%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,548.00 (+0.24%). Trading in Europe will open growth of the major stock indexes.
 
European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,113.14 (+1.35%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.73% (+0.015 NCP), the 10-year German Government Bonds is 1.57% (+0.047 NCP), and the 10-year UK Government Bonds is 1.82% (+0.061 NCP).
 
Oil futures morning before the opening of the European trading session are growing in line with the pre-election situation in the United States. Quotes of oil also supports statistics released on the eve of the U.S. and strong statements Johnson & Johnson, Goldman Sachs and other big banks and companies.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 114.17 (+0.15%), and U.S. crude oil WTI (ICE) 92.38 (+0.31%).
Gold futures morning at 1,752.80 (+0.37%), quotes of copper at
371.00 (+0.27%).
Commodity Index CRB Index for the previous trading day was 306.20 (+0.54%).
 
In the currency market, the dollar remains under pressure against major currencies amid yesterday's solutions agency Moody `s leave Spain's credit rating unchanged, along with statements that it has formally requested financial help reassure investors and market optimism returned nor its members.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.25 (-0.28%).
    
Prediction of the day:
EURUSD pair has a good chance to catch up to the level of 1.3185.
 
Events today:
Moscow time
12.30 UK Changing the number of applications for unemployment benefits in September n / a; -200; -15.000
12.30 Publication of the minutes of the UK Monetary Policy Committee of the Bank of England
12.30 UK unemployment rate in August n / a; 8,1%; 8,1%
12.30 UK The change of the average wage in August n / a; 1,6% 3m / y and 1.5% 3m / y
13.00 Switzerland ZEW economic expectations index in September n / a; n / a; -34,9
16.30 U.S. The number of building permits issued in September n / a; 810.000; 800.000
16.30 U.S. Bookmark new homes in September n / a; 770.000; 750.000
18:30 U.S. Change oil 08.10-14.10 n / a; n / a; 1,7 million barrels.
 
Sergei Kostenko
 

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

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