Macroeconomic data released last Friday, and opening the beginning of the week again were relatively unfavorable for quotations euro character.

index dynamics of new industrial orders in the euro area in November 2009 was -1.5% (g /g) against the expected market increase of the index by 3%. Previous value of this indicator has been revised with a slight increase, up to -14.4% versus -14.5%.

Today”s statistics calculated February GfK consumer confidence index in Germany has demonstrated reduction of this index to a mark of 3.2 Fri, lowest since last September. The data, however, consistent with the average forecast.

, released last Thursday by the Administration information on the planned U.S. legislation limiting investment banking, in particular, preventing them from investing in hedge funds, has caused a new round of investment outflows from the segment of risky investments. A similar reaction when evidence of the beginning of the process of tightening monetary policy of the Chinese authorities. These factors also traditionally apparently, have recently supported the U.S. currency on the FX.

However, the rate of EUR /USD, seems still quite steadily quoted above designated them last week support level 1.4030. Probably, the market expects more concrete results of the confrontation of financial and political leadership of the United States and the banking lobby, which, in particular, will showcase the results of this week awaiting a vote in the U.S. Senate on the appointment of B. Bernanke for a second term.

It is worth noting that at the moment, according to estimates published in the media, the probability of re-election of incumbent Fed is more than 90%. However, it is obvious that the details of the decision of senators, may significantly affect the mood of the market.
on Thursday held a regular meeting of the FOMC, which is not possible, try a few “cool” the negative trend, the developing world, including the stock market in recent days.

Finally, soon enough, on 2 February this year, held a regular meeting of the financial management of the leading countries in the world that, in accordance with the experience of recent quarters, is also unlikely to be a contributing factor to an increase in risky investments in the segment “bear” position .

Perhaps some further restoration of the EUR /USD lost their positions in recent days in the near future will continue. Nevertheless, the probability of a mid-term weakening of the single European currency to the U.S. dollar continues to appear relatively high.

The major drivers of this version of events may be to reexamine the market with higher levels of risk associated with the possibility of overheating Chinese economy, as well as over a long period ignored by investors factor in the increase in recent years, the level of total external debt to GDP to EMC record in terms of statistics, the leading economies in the world marks in 200%.

ruble RF to the USD and against the currency basket of the MICEX today to 11:30 Moscow time was 30.09 and 35.74 rubles. against, respectively, 29.76 and 35.27 rubles. on Friday morning.

In general, the possibility of further reducing the final value of th1000e ruble of Russia on FX in the coming weeks and months remains.

In the current context of developments in the foreign exchange market, significant in nature is today”s statement by the Central Bank first deputy chairman Alexander Ulyukayev that the course of Russia”s ruble can go to the upper boundary of the currency basket in relatively close time “, explaining later that has since 2010.

In a key short-term impact on the dynamics of Russia”s monetary and financial markets are likely to have, first of all that went in the evening the U.S. housing market data, as well as, obviously starting at statistics today, the financial statements of Texas Instruments and Halliburton.

Americans do not earn their banking accounts

largest U.S. banks over the last quarter of 2009 was worse than forecasts …

Asian stocks cheaper 6-th session in a row
U.S. index showed the greatest three-day decline since March, but rising futures
The level of support for the RTS Index futures for today - 146 100
Technically, to determine the future direction of motion is important to retain the MICEX indexd10level of 1400 points
In the case of turning the market may return to earlier levels as quickly as it fell
Today, despite the positive expectations for the placement of Rusal, is expected to continue sales in the steel sector
Today, the bull has a chance of a transition to the consolidation and subsequent testing of an important level of 1,415 points
The probability that the downward correction of the market of Russia will stop at the current levels, markedly reduced