Forex - results of the day

Dow Jones (Dow Jones) the New York Stock Exchange fell 268.37 points (-2.61%) and closed at 10002.18. NASDAQ Index (Nasdaq) fell 65.48 points (-2.99%) and at the level of 2125.43. Index S & Pi 500 (SP 500) dropped to 34.18 points (-3.11%) and at the level of 1063.10. Yield 30-year U.S. government bond is 4.550 (has fallen compared with previous close of 41.770).

index of the Frankfurt Stock Exchange Ksetra DAX (Xetra DAX) fell 138.85 points (-2.45%) and at the level of 5533.24. Index of the London St1000ock Exchange Futsi 100 (FTSE 100) fell by 113.84 points (-2.17%) to close at 5139.31. Index of the Paris Stock Exchange, BTB 40 (CAC 40) dropped to 104.22 points (-2.75%) and at the level of 3689.25.

ECB President Trichet said today that the problems with growing budget deficits, many countries have the euro zone. Trichet also expressed confidence that Greece will strictly follow the approved plan on Tuesday to the crisis and achieve the goal. ECB President welcomed the statements by American officials that a strong dollar remains in the interests of the United States.

Dealers noted that Trichet”s statement is not too reassured investors about the prospects for development countries in the euro area. This is reflected in a significant pressure on risky instruments, a drop in prices on stock markets, as well as lower prices for oil and precious metals.

The euro /dollar continued to fall and reached a level of 1.3726, the minimum in May last year. The euro /yen fell sharply in the U.S. session to a mark of 121.56, the minimum for last year. The fall rate for the day totaled 480 points. Currency Australian dollar /U.S. dollar fell more than 200 points and reached a level of 0.8605. The course of gold dropped for a day on fifty dollars to a mark of 1059.80 dollars per troy ounce.

preliminary value of the index of labor productivity (Productivity) in the U.S. for the fourth quarter was 6.2% (forecast was 6.1%, the previous value of 7.2%). Number of applications for unemployment benefits (Jobless claims) in the United States for the week to 30.01 was 480K (the forecast was 456K, the previous value of 472K). Index of production orders (Factory orders) for December in the U.S. amounted to 1.0% (forecast was 0.4%, revised from the previous value of 1.1% to 1.0%).

Today is scheduled for release the following data:

at 05:00 GMT - Preliminary results of a composite index of leading indicators (Leading indicators composite) in Japan for December (forecast 93.5, the previous value of 90.7);

at 05:00 GMT - Preliminary results of a composite index of coincident indicators (Coincident indicators) in Japan in December (the previous value of 96.0);

at 09:30 GMT - an index of industrial prices “downstream” (PPI Output) in the UK in January (forecast 0.3% per month, 3.7% for the year, the previous value of 0.5% per month, 3.5% for the year);

at 09:30 GMT - an index of industrial prices “out” without taking into account the price of food, alcohol, tobacco and fuel (PPI Output excluding food, drink, tobacco and petroleum) in the UK in January (0.3% forecast for per month, 2.6% for the year, the previous value of 0.7% per month, 2.6% for the year);

at 09:30 GMT - an index of industrial prices “at the entrance” (PPI Input) in the UK in January (forecast 0.2% per month, 6.0% for the year, the previous value of 0.1% per month, 6.9% for the year);

at 10:00 GMT - preliminary value of the consumer price index (CPI) in Italy in January (forecast 0.1% per month, 1.2% for the year, the previous value of 0.2% per month, 1.0% for the year);

at 10:00 GMT - preliminary value of the harmonized index of consumer prices (HICP) in Italy in January (the previous value of 1.1% per year);

at 11:00 GMT - Index of Industrial Production (Industrial production) in Germany in December (forecast 0.5% for the month, the previous value of 0.7% for the month, -8.0% per year);

at 12:00 GMT - index of business sentiment (Economic sentiment index) in Canada in January (forecast 10K, the previous value-2.6K);

at 12:00 GMT - unemploymentdb2(Unemployment rate) in Canada in January (forecast 8.5%, the previous value of 8.5%);

at 13:30 GMT - the number of new jobs (Nonfarm payrolls) in the U.S. Read the rest of this entry »

In the first half of the session, the sale of touch all sectors of Russia”s market

rectify the situation can only report on the U.S. labor market

In Russia the market at the opening of the trading session sale, which began the day before, will continue. Weak labor market statistics for the United States, published yesterday, caused a massive sale on world stock markets. On Russia”s market “bear” sentiment fueled and oil prices, which are actively declined to becoming strong U.S. dollar. Before the opening of Russia”s market today, the negative signals coming both from global stock markets and the market of raw materials. American market on the session seriously subsided, the Dow Jones index lost 2,61% and the index S P500 - 3,11%. Completion took place at the lows of the day, Dow Jones has not kept psychologically significant level of 10000 points, breaking it down the curtain bidding. U.S. index futures traded lower than the values for which closed trading on Russia”s market, which also contributes to the continuation of sales in the beginning of the session. Futures on the S P500 index went down from the mid-term upward channel, pushing support for the 1050 Settlements.

also supports penetration down the American market indicators of Russia”s pressure would have the situation in the currency market. Pair EUR /USD failed to keep support 1,38, confidently punched her before. Thus, the pair had gone below the year lows last year, down to the local maximum in the spring of last year. At strengthen the dollar futures for Brent crude continued to fall after the closure of Russia”s market.

At the Asian markets also prevail sale. ADR on shares of Russian issuers closed below the local market, which also contributes to the opening of Russia”s market with a gap down. Strong support of the MICEX index may be at least one year - 1363 points, to which Russia”s market can go, if in emphasis of the domestic market will not be formed corrective mood. In the first half of the session, improving moods can be associated only with a technical rebound, while the second - will read out a block of statistics on the U.S. labor market, which will define the mood in the near future. Projections for the labor market is rather optimistic: the unemployment rate expected to remain at the same level of 10%, and the number of jobs outside of agriculture will increase.

In the first half of the session, the sale of touch all sectors of Russia”s market. Stocks of raw materials companies will come under pressure from falling prices for oil and metals, while shares of the banking sector - will follow the general negative sentiment, reigning in global stock markets. Rosneft can test at least one year - 227,8 rubles. Who can stop the sale.

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Prosecutors in New York to file a civil suit against Bank of America and former head of the bank K. Lewis

Office of the General Prosecu1000tor”s Office in New York State to file a civil suit against the largest U.S. commercial bank Bank of America (BofA) and its former CEO Ken Lewis. New York prosecutors accused BofA of deceiving investors in the history of the scandalous purchase of investment bank Merrill Lynch in late 2008, reports Associated Press.

Recall that in early 2009 the Attorney General of New York Andrew Cuomo accused the Bank of America in deliberate silence about the problems at Merrill Lynch buying the company. BofA agreed to acquire Merrill Lynch in autumn 2008, in the midst of the global financial crisis. The deal was officially closed on Jan. 1, 2010, however, as it turned out, shortly before the Merrill Lynch executives were paid annual bonuses totaling 3.6 billion dollars, with this in the IV quarter of 2008, Merrill Lynch has suffered losses of 15, $ 4 billion, which were passed on to the shoulders of BofA. Read the rest of this entry »

Trichet: ECB rate currently is adequate

base interest rate of the European Central Bank (ECB) currently is adequate, the situation in the economy, said the head of the bank, Jean-Claude Trichet at a press conference after a meeting of the ECB, at which it was decided to keep interest rates at 1 % per annum, according to Bloomberg.

This indicates that the bank has no plans to increase the value of money in the eurozone in the near future, experts say.

“Taking into account all the information and analytical data that we received after the meeting of January 14, 2010, we can say that the fluctuations in consumer prices will remain insignificant for the foreseeable future” - said Jean-K.Trishe. In the short run, inflation will be around 1%.

“The analysis of monetary confirm fidelity evaluation of low inflationary pressures in the medium term. Given all the factors, we expect to maintain price stability over the medium term that will support the purchasing power of consumers of the eurozone,” - said president of the ECB.

“Recent data also confirm that the end of 2009, economic activity in the euro area continued to grow,” - he said. Read the rest of this entry »

Opinion: The average exchange rate of hryvnia for the year will be about U.S. $ 8,15 USD

average exchange rate of hryvnia up in 2010 is expected to reach 8,15 UAH. dollars. This was reported by expert centers “CASE-Ukraine Olga Kravets. She said that in general for the Center does not expect significant fluctuations hryvnia, while speculative fluctuations or oscillations due to panic, everything is possible.

“We do not expect any significant long-term fluctuations. Maybe after the election would be minor races, but they will be short, - said Oleg Kravets. - Up to 20 cents a really, because we have a course very sensitive to the mood of the population, so possible, including, depending on the results of the elections will be some short-term fluctuations exactly on the cash market. &a1000mp;quot;
At the same time, she noted that the short duration of these fluctuations determines undertaken now sufficiently robust policy NBU aimed at smoothing the sharp fluctuations of the national currency.

O. Kravetz said that the projected center, the hryvnia exchange rate will fluctuate in the range of 8,0-8,5 UAH /USD., while if the 2009 exchange rate are more likely to mark in 8,5 UAH. Read the rest of this entry »

After take-off earlier this week, the world”s leading stock index adjusted

After take-off earlier this week, the world”s leading stock indices are adjusted. Despite promising statistics on the labor market in the U.S., falling retail sales in Australia and another record on unemployment in New Zealand once again updated the investors” doubts about the pace of recovery of the world economy, which was the1000reason for the withdrawal of speculative capital into money. The deterioration in economic expectations has led to a correction in prices of basic commodities: crude oil quotes retreated from recent local maxima at $ 76.80 per barrel fell to $ 75.6 per barrel.

Trades in the United States ended yesterday, a slight drop in the indices. In the absence of significant publications investors chose to lock in profits after a two-day record of growth indices. Dow fell 0.26% to 10,270.55 forth, SP - on 0,55% to 1,097.28 n. Main disappointment to the market brought the statistics on business activity in the service sector, which accounts for 2 /3 of U.S. GDP. The value of ISM non manufacturing index was 50.5 § in January - lower than expected by analysts. In this case, amounting to employment remained below 50 paragraph (44 n.), indicating that tends to lead to job losses. As a consequence, under the gun turned out to be securities of companies in the consumer sector. Read the rest of this entry »

By the end of today”s session on the Russian market will be dominated by neutral dynamics of auction

MICEX index consolidates near the level of 1420 points. Here, he can stay until tomorrow statistics on the labor market in the U.S.

consolidation of the market after rising earlier in the week continues. The MICEX index falling to within 1% against the corresponding decrease in quotations of oil futures. Similar dynamics and on the European stock markets (DAX -0.5%, FTSE -0.8%). In general, an auction, as we expected, pass quietly, without any sudden movements. After declining in the first hour of trading, the MICEX Index is held at the level of support for 1420 points. Almost all blue chips today in the red, the major names (Gazprom, Lukoil, Sberbank, MMC Norilsk Nickel and Rosneft) lose about 1%. More confidently look the producers of precious metals (gold and Polymetal Polyus) despite a decline in gold prices, as well as VTB and Severstal - the papers in a symbolic plus in the moment. Afte1000r several days of good growth pays for itself in the fixing of profit regional telecoms (quotations on individual securities” prosedyayut “up to 4%).

There are no new ideas today did not appear. Anyway, the news background is absolutely neutral and unsaturated. Of the noteworthy developments today to select the ECB meeting and the subsequent press conference of his head, and go at 18.00 Moscow time data on factory orders in the U.S. (forecast 0.5%).

We expect that by the end of today”s trading is waiting for us neutral dynamics of auction. The most important figures - the January payrolls - will come tomorrow evening. So look forward to keeping stock indexes near current levels during the day, although do not rule that could increase sales, triggered by the closure of long positions, the most cautious player to exit statistics.

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In the current situation can be expected “cooling” of trading activity in the market in anticipation of the RF output statistics

MICEX index back to the “neckline”

Today, trading on the Russian sites were opened in a neutral, and then began to decline. Negative dynamics is still up to the middle of the trading session, helped by correcting decline futures on U.S. indexes and oil prices, as well as the negative opening of European sites. As leaders of reducing Mosenergo and Sberbank, losing more than 1%. Traded in plus OGK-5 (1,9%) and Polyus Gold (0.6%). By 13.30 the MICEX index lost 0,64%, dropping to a level of 1421.8 points.

attempt to “Bulls” at the opening to start a new wave of growth was unsuccessful. “Bears” on the background of the negative opening of European markets and lower oil futures and the U.S. indices, were able to expand the market and get him to the level of 1423 points, which is a “line of the neck” in the model upside down “head - his shoulders.” In the future they will try to break this level and consolidate under him, that cancels the bottom-up scenario, the aim of which could be a level of 1,485 points. In the current situation can be expected “cooling” of trading activity in anticipation of output statistics. Both commodity groups will be waiting for support from the data and prefer to take a break before their exit. Given the low probability of change in rates by the Bank of England and the ECB, the player to focus on statistics on initial applications for unemployment benefits (initial Claims, expected 455 thousand, the previous value of 470 thousand), which will be published at 16.30, and the index of industrial orders ( Factory Order, expected 0.5%, the previous value of 1.1%), which will be released at 18.00 Moscow time.

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It will be the day the “negative” or “positive” - now depends solely on statistical data

Global stock exchanges have completed the previous day a moderate decline. European markets fell on average by 0,6%. Negative on European stock exchanges have added fears that the problems of Greece could spread to other European countries, particularly Spain and Portugal. U.S. indexes also closed in negative. The Dow Jones fell by 0.25%, the index is a broad profile S P500 lost 0.55%.

By today”s opening of the Russi1000an stock market has developed a moderately negative background. Indices Asia-Pacific region showed a negative trend against the output data on falling retail sales in Australia and the rise in unemployment in New Zealand (the Japanese Nikkei 225 -0.46%), U.S. futures are traded in the red zone, the cost of Brent crude oil dropped below $ 76 a barrel that has a negative impact on the dynamics of the Russian stock market.

The Russian stock market is against this background has opened today near zero. A little shuffling in place and even tried overgrown, one hour trading shares in unison streamed into new local minima. Reduction of the RTS index on 13.00 Moscow time is -0.96% on MICEX index -0,7%. As leaders of the reduction action “Savings Bank” JSC (-1,12%), Lukoil (-1%). Some look better than the market shares of “Surgutneftegaz” JSC and “Surgutneftegaz Pref who lose -0,3% and -0,2% respectively. Today”s decline is associated with a higher dollar quotes and with the weakening of oil. In general, it is currently not happening anything interesting from a global perspective. No directional movement in any direction: up or down. RTS Index is trading in the “New Year” range 1430-1600 points (currently 1,493 points), the MICEX index 1360-1500 (currently 1,420 points). Global stock exchanges have completed the previous day a moderate decline. European markets fell on average by 0,6%. Negative on European stock exchanges have added fears that the problems of Greece could spread to other European countries, particularly Spain and Portugal. U.S. indexes also closed in negative. The Dow Jones fell by 0.25%, the index is a broad profile S P500 lost 0.55%.

By today”s opening of the Russian stock market has developed a moderately negative background. Indices Asia-Pacific region showed a negative trend against the output data on falling retail sales in Australia and the rise in unemployment in New Zealand (the Japanese Nikkei 225 -0.46%), U.S. futures are traded in the red zone, the cost of Brent crude oil dropped below $ 76 a barrel that has a negative impact on the dynamics of the Russian stock market.

The Russian stock market is against this background has opened today near zero. A little shuffling in place and even tried overgrown, one hour trading shares in unison streamed into new local minima. Reduction of the RTS index on 13.00 Moscow time is -0.96% on MICEX index -0,7%. As leaders of the reduction action “Savings Bank” JSC (-1,12%), Lukoil (-1%). Some look better than the market shares of “Surgutneftegaz” JSC and “Surgutneftegaz Pref who lose -0,3% and -0,2% respectively. Today”s decline is associated with a higher dollar quotes and with the weakening of oil. In general, it is currently not happening anything interesting from a global perspective. No directional movement in any direction: up or down. RTS Index is trading in the “New Year” range 1430-1600 points (currently 1,493 points), the MICEX index 1360-1500 (currently 1,420 points). It will be the day the “negative” or “positive” - now depends solely on the statistics that go with enviable regularity. So today will be another block makrostatistiki: at 15.00 Moscow time the key rate is the Bank of England, at 15.45 the key ECB rate. At 16.30 released statistics on unemployment from the U.S., which traditionally brings “diversity” in the course of bidding.

Recommendations for investors focused on short-term - to hold long positions by 50% of the capital. Stops 1400 MICEX.

Recommendations for investors, focused on the medium term - to hold long positions by 50% of the capital. Stops 1350 MICEX.
, that go with surprising regularity. So today will be1000another block makrostatistiki: at 15.00 Moscow time the key rate is the Bank of England, at 15.45 the key ECB rate. At 16.30 released statistics on unemployment from the U.S., which traditionally brings “diversity” in the course of bidding.

Recommendations for investors focused on short-term - to hold long positions by 50% of the capital. Stops 1400 MICEX.

Recommendations for investors, focused on the medium term - to hold long positions by 50% of the capital. Stops 1350 MICEX.


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European stock platform finished the day in negative zone

European stock platform finished the day in negative zone. Still dominate markets, the gloomy prospects of Greece and Portugal because of their huge national debt and budget deficit. Information that Greek workers “union intends to hold a general strike because of the authorities” decision to raise the retirement age only exacerbated the situation on the markets. Statistics for the region were mixed, as indices of business activity in the euro area services sector, and Germany have exceeded predictions, but at the same Britain, he was not so impressive. Data on retail sales Erozone up to the month have not changed, but the annualized figure improved. Statistic data from the U.S., where the number of employed fell by less than the expectation value were positive, but leveled its index of business activity in the services sector, which was released not so optimistic as projected. Corporate news also were diverse. Negative predictions are companies who see no prospects for significant improvement in the situation due to weak demand for their products, in particular with the statement made by the appliance manufacturer Electrolux and steelmaker Outokumpu. Read the rest of this entry »