So, a pair of euro-dollar strongly refuses to choose a direction of movement, and remains on the same level. Yesterday the euro was able to drop only to 1.3910, while for the night rose to 1.4068, almost reaching up to a maximum of 5 July. What is the logic in the movements, with the news background, it is difficult to discern, because the United States retail sales for June came out quite good, showing a growth of 0.5% m /m (in annual terms, increased from -9.8% y /y and -9.0% y /g), and the quarterly report Goldman Sachs has a better prognosis, showed profit growth of 65%. So the euro could rise during the day to increase appetites for risk, but this occurred only at night. The situation is again critical for the dollar, moreover, we expect that today's Fed minutes will be negative for the dollar. In this sense, if we fail to see a marked fall of 22.00 Moscow time the euro is a powerful way up will not stop. But it will not release a version of the top, we waited in the past few days, we still expected to approach the lower boundary of the corridor 1.3750-1.43 before the growth to the upper boundary of the corridor, and the rise to 1.4250 just after the publication of protocols. The euro, however, is already one too high, but the news is yet to come. In this scenario output is above 1.41 euro would lead to scrapping altogether the whole design, which evolved in the past one and a half months, and likely will testify that the dollar would not be deterred from the fall, in this case, inhibition of growth is possible in an area marked 1.43-1.4350 ( Max Year). But with this option, we see no possibility of return of market confidence in the dollar (because the euro is too far from otorvetsya support a rising trend), although it will provide an opportunity to apprehend him fall for another time. At the same time, as we wrote, because of the upcoming large-scale U.S. Treasuries placements will require expensive dollar, the break key levels they do not. Just today, U.S. Treasury publishes the 70-day cache of Bill for 35 billion dollars, and next week posted 4 issue of treasury notes. All this suggests that this may be an attempt to attack the Euro against the initial reaction to the minutes of the Fed and do not let the euro above 1.41 marks, but this is possible only if the euro in the coming hours would be able to sink back below 1.40 (need to supply initial reaction on the news).

Opening stock index today is expected to gepom Up
The external background for the Russian market remains very positive, which allows re-play to enhance the
Minpromtorg expanded the list of vehicles with the purchase of subsidized lending rate to 50 models
European markets are growing against the backdrop of the positive statements of U.S. companies
Precious metals market review for 14.07.09
KSCA has appealed the court's decision to suspend new tariffs on ZHKU
The proximity of the majority of Russian shares to the strong resistance levels indicate the likelihood of downward correction
In general, the bond market dominated by a rising price trend
In the oil sector established a leading position in the shares of Gazprom, Lukoil and Rosneft