Today in the U.S. public holiday (the birthday of Martin Luther King), so the financial market in the country will be closed.

Last Friday, the euro /dollar continued its decline in the U.S. session, and reached a level of 1.4335. Rate pound /dollar continued to increase and reached a level of 1.6340. Pair dollar /yen fell to American session and reached a level of 90.80. Cross the euro /yen fell to 131.80 level.

The experts noted that the pressure on the euro exchange rate has investors concerned about the situation with the budget deficit in Greece. In turn, support the dollar have statistics on the U.S., in particular, high values of the index of business activity in New York and the index of industrial production.
also increase demand for dollars contributed to the fall of stock indices, prices of oil and precious metals.

Last Friday, the Dow Jones New York Stock Exchange fell 100.90 points (-0.94%). The Nasdaq fell 28.75 points (-1.24%). SP 500 index fell 12.43 points (-1.08%).

Last Friday, the index of the Frankfurt Stock Exchange Xetra DAX fell 112.91 points (-1.89%). The London FTSE 100 index fell 42.83 points (-0.78%). Bloomberg European 500 Index fell by 1.91 points (-1.05%).

Last Friday the price of WTI crude oil in New York fell during trading on the 1.54 dollar to the level of 77.85 dollars per barrel.

sales activity in the second half of the day were low. It is associated with long weekends in the United States.

NY Fed Empire State manufacturing index (an index of business activity of the Federal Reserve Bank of New York) in January 2010 amounted to 15.9 (the forecast was 11.3, the previous value of 4.5).

Industrial production in the U.S. for December 2009 amounted to 0.6% (forecast 0.6%, the previous value of 0.8%).
Capacity utilization in the U.S. for December 2009 amounted to 72.0 (71.8 forecast, the previous value of 71.3).
CPI in the U.S. for December 2009 amounted to 0.1% (forecast was 0.2%, the previous value of 0.4%).
CPI excluding food and energy in the U.S. for December 2009 amounted to 0.1% (forecast was 0.1%, the previous value of 0.0%).
Michigan sentiment index in the U.S. for January 2010 amounted to 72.8 (73.5 forecast, the previous value of 73.4).

Today in Asia remained the main driver of the market the Japanese yen, which is significantly correlated with the dynamics of the stock market. Index of the Tokyo Stock Exchange”s Nikkei 225 falling to 162.08 points (-1.48%). Index of the Hong Kong Stock Exchange, Hang Seng falls to 71.72 points (-0.33%). Singapore Straits Times Index increased to 9.04 points (0.31%). Code SP /ASX 200 rising to 11.50 points (0.23%).

Today in Asia, the euro /dollar fluctuated near the 1.4370 mark. Rate pound /dollar traded near the 1.6300 mark. Pair dollar /yen is trading slightly above the level of 90.90. Gold traded near U.S. $ 1.133.90 per troy ounce.

start of the European session, failed to make the adjustment in the dynamics of the currency market. Forex market closely followed the dynamics of the stock market, and for overlooking the macroeconomic statistics. Investors continue to monitor the publication of financial statements of major American companies for the fourth quarter of 2009. These data have an appreciable effect on the behavior of U.S. stock indices.

My tactical views:

EUR /USD: (5 /10 - trend upwards): Today analysts” forecasts - up for auction in Rendžov: 1.4330-1.4500. Today, expect short-term market correction up. Therefore we can trade on short-term impulse buying below the 1.4330, T /R = 1.4500, S /L = 1.4290. Actively move the foot, fixing the profit.

GBP /USD (5 /10 - Trend Neutral):
For short-term players better be in buying. Actively move the foot, fixing the profit.

USD /CHF (5 /10 - Trend Neutral):
Today is better to be out of the market.
actively move the foot behind the market, protecting profits.

USD /JPY: (5 /10 trend sideways):
now trading inside the corridor 90.70-95.50: better to be a small purchase with a full-time lows.
actively move the foot behind the market, protecting profits.

Bank “Union” out of the readjustment procedure and returns to Oleg Deripaska
Alexey Kudrin: Program efficiency of budgetary expenditure will be approved before April 1, 2010
Forex: euro is under pressure from investors again worried the Greek question
America closed lower, Asia traded mostly down
Analytical review of the Forex market a week from 11 to 15 January
Kommersant: The National Bank introduced a new classification of credit institutions
Oil and gas today will remain under pressure, in less liquid securities are not excluded selective growth of quotations
Possibility of the outcome devaluation of the ruble in the coming weeks remains
In connection with the holiday in the U.S., today”s trading on the market of Russia will be held under the dictation of Europe