After the end of last week the American currency has strengthened its position abruptly against competitors on rumors of a possible resignation of Angela Merkel and the continuation of the history of financial troubles of Greece, on Monday, the dollar did not go higher.

So, the euro still managed to hold above the 1.4350 level, go with only one point below the previous week, closing near 1.4335 and from 1.4400. The British currency, and last week mostly felt bad and tried to take not to yield to her more than a month high 1.6350, but the best of what was achieved pound mark was 1.6377 and the closing day just above 1.6330.

pair dollar /franc held the first working day of the week for a rollback of the level of 1.0300, which she never managed to even touch on (a maximum of USD /CHF was 1.0291. USD /JPY during the day showed how attempts to rise above 91.00, so and move up closer to 90.50, both, however, unsuccessful.

The relative calm in the markets has resulted in a lack of players associated with the holiday in the U.S., where on Monday celebrated the Martin Luther King Day, but the weakness of the dollar - the relatively favorable conditions in most of those significant share platforms, which still worked.

Forecast for Tuesday, January 19, 2010

On Tuesday, investors will expect from the breakdown level of 1.6400 pounds up - fixing above this figure increases the chances of moving into long-term rate GBP 1.6500-1.7000 trading range. Thus, if the pound still rise, the euro is unlikely to be seriously behind. However, the fundamental reasons for the strengthening of European rivals USD on Tuesday a little bit: the main significant news tomorrow will be the rate of inflation in the UK and German indexes Research Institute Zew, which, according to forecasts, promise to show a significant positive momentum. Accordingly, if the hike up the euro and the pound had no luck, they both face a setback in the area minima 1.4350 and 1.6250 on Friday, respectively.

In addition, you should pay attention to the meeting and the Bank of Canada: What if, contrary to predictions, its leaders still change the monetary policy?

For a pair of dollar /franc can say this: if it does not go into the channel 1.0250-1.0350, where it is securely lodged in the beginning of the month, she can spend the next trading day lower in the 1.0150-1.0250.

As a significant level for the dollar /yen is possible to allocate 90.00: the dollar fall below it - and you can wait and progress to 88 yen.

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