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«News Coverage Ежедневный отчет о публикациях Упоминания FOREX CLUB в российских СМИ Упоминания FOREX CLUB в англоязычных СМИ ...»

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As experts Forex Club, the EUR / USD and GBP / USD ranged sideways width of about basis points. Of significant macroeconomic statistics in this period were only published data on the state of the business environment in the euro area from the Economic Research Ifo, which coincided with the market's expectations, and as a whole they were proignorirovany.Uchenye "taken aback" owners of touchscreen phones On Friday, the Russian ruble has reached levels near the 32.50 mark and the weakening of the national currency ceased. Buyers ruble reassert itself exactly on local support, helped by the weakening of the U.S. dollar against major world currencies. Oil prices are also kept at a comfortable level for the ruble. Investment analysts' TRADE PORTAL "Alex Malikov said that" in this way, given the above factors, we expect to further strengthen the dynamics of the ruble to the potential test mark 32. Speech of the Fed for a long time will have a direct impact on the rates of regional currencies, including the Russian ruble. From a technical point of view, in the event of renewed strengthening of the U.S. dollar, the domestic currency breaks yesterday's support and can aspire to around 33.

Euro continues to consolidate its usual this week, with the boundaries between 1.26-1.2480.

Customers will be able to break through 1.2650 mark, where the supply line almost yearly downtrend. The absence of any concrete may disappoint players, leading to fixation of long positions and weakening of the single European currency. " News Coverage FOREX CLUB GK analyst Valery Polkhovsky believes buduscheya week from 3 to September can be very important in the formation of the currency market sentiment about the prospects for the U.S. dollar in September. Despite the fact that on Monday, September 3, in the U.S. will be output banking day in observance of Labor Day, the remaining four planned out a whole bunch of macroeconomic statistics.

It is expected that on September 4 Institute for Supply Management will present traditional data on the index of purchasing managers in manufacturing and services. According to experts, in the last months of business optimism in the industrial sector of the U.S.

deteriorated, breaking down the border for a recession point of 50%. Non-manufacturing sector felt a little more confident. However, recent data on retail sales and orders for durable goods give reason to hope that the economy is in better shape than previously thought, which opens the possibility for a "positive" changes in the attitudes of respondents.

September 7 planiuretsya out a large block of statistical data from the Bureau of Labor Statistics. Applications for unemployment benefits during the month brought a few surprises, so you can not expect the bad data on the number of new jobs created. If it exceeds 150 000, it could benefit the dollar, as the further into the future will push the possible start of the third round of quantitative easing.

Thus on the coming week will be important events that will take place outside the U.S.. On Thursday, the Governing Council of the ECB will announce the results of its regular meeting, and Mario Draghi will hold a press conference for journalists. Currency market participants will expect concrete statements about a possible participation in the control of bond buying in Spain.

"The dynamics of the EUR / USD until September 6, will be largely determined by the behavior dollar, reacting to incoming key macroeconomic data, but the events of Thursday may have a significant impact on the prospects for the euro and trigger large-scale movement in any direction. Traditionally, in these times, we recommend to watch events from the outside and look for positions on the market will be closer to the Friday after completely dry up the first reaction to the speech, Mario Draghi.

Bidders on the British pound in the first week of the month is also traditionally the most important will be waiting for data on the index of purchasing managers in industry, construction and services (3, 4 and 5 September, 12:30 GMT) on Thursday, September 6 The Monetary Policy Committee of the Bank of England announce the results of its regular meeting. The British pound may strongly react to any of these events and it could not be saved in this period is traditionally a high correlation with the euro. Accordingly, the interest to work can be a cross-rate EUR / GBP ", - stated in the review Forex Club.

http://www.bigness.ru/articles/2012-09-03/valutta/136731/ Our product, 03/09/2012, the Ukrainian currency market: UAH gave slack (Review) The national currency out of Radovan stability summer "hibernation" and fell sharply against the U.S. dollar.

Recovery in business activity, together with the reaction to the deepening of the European crisis fueled the prices of foreign currency in Ukraine News Coverage Foreign currency prescribed a strict regime A few days before the beginning of autumn in Ukraine had "financial freeze" - the National Bank of Ukraine continued to format the currency market. In particular, the regulator issued a decree according to which toughens "passport control" foreign currency transactions for non-residents: banks are required to put on a copy of identity documents, stamps with dates, and be sure to "take over" prints. At the same time, wanting to have a foreign currency in the National Bank of Ukraine creates greenhouse conditions comparable to those offshore. So far, however, only part of the mitigation requirements for documenting the export of currency by foreign residents. Innovation will allow those who dare to hope for high returns and cashing in on easy profits.

May force the NBU would bring benefits in the form of unconditional stability hryvnia, if not broken out between Ukraine and Russia "automotive war." Russia introduced on September 1, salvage fee for cars, giving domestic producers benefit in paying the tax. This measure seriously reduce export of Ukrainian car industry. As promised by Prime Minister Mykola Azarov, the parties will negotiate. But it is possible and aggravation, as in the case of "cheese war."

Meanwhile, the National Bank of Ukraine again pleased positive macroeconomic data. In particular, in July current account surplus of Ukraine amounted to $ 800 million against the deficit of $ 1.5 billion in June, inflation fell to 0.2%, while foreign investment in January-July 2012 grew by 23%. compared to the same period last year. Treasury also announced the optimistic prospects for the growth of GDP (4.5% in 2013). In turn, the National Bank has made it clear that he hoped to involve in those turnover of $ 200 billion, which, according to various estimates, are in the hands of the population. Also control four times to extend deadlines for bank stabilization loans.

Recovery in business activity after the summer lull in Ukraine coincided with nervousness in the global market due to the European crisis. But if on the external sites preferred to win back the good news, stretching optimism in time, the Ukrainian currency market operators were more likely to be pessimistic.

What mood imbued IMF mission arrived in Ukraine, it is clear towards the end of next week.

The Cabinet of Ministers of Ukraine made a warning shot, claiming that it is only possible with the Fund on favorable terms.

The U.S. dollar hit the two pennies in the hryvnia evrokrizise Stojko passed all summer, the hryvnia in the last days of August, still fell against the dollar and the euro. But if the euro in the Ukrainian currency market grew following the world, the most notable in recent months, the U.S. dollar price increase is difficult to explain by external trends.

However, the driver of the U.S. dollar in Ukraine were fears that the European crisis intensified in the autumn and will have a negative impact on the economy of our country.

But this was not the only reason.

Higher prices for the U.S. dollar in Ukraine in the last days of summer have caused borrowers. This opinion was in exclusive comments IA "Our Products" stated the head of information-analytical center FOREX CLUB Ukraine Mykola Ivchenko. According to him, "we News Coverage see that the U.S. currency this week has risen properly" due to increased feelings of devaluation in the Ukrainian society and the approaching parliamentary elections. However, the expert noted that the price dynamics of the U.S. dollar has had a significant impact increased liquidity in the banking system after the payment of VAT bonds. "As a result, commercial banks had more resources they have invested in foreign currency" amid fears about the deepening crisis in the eurozone.

On Monday 27 August the U.S. dollar on the Ukrainian interbank trading in the range 8,1000-8,1025 UAH., Slightly higher levels of Thursday 23 August (8,097-8,1010 Rs.). On Tuesday, August 28 dollar surged to 8,1080-8,1150 UAH., On Wednesday 29 August, the average purchase price of non-cash U.S. dollar slipped to 8.1060 UAH., But the sale price went up to 8.1200 usd.. On Thursday, however, up to 8.1165 UAH. increase the average sale price and the purchase price slipped to 8.1195 UAH. On Friday 31 August the average purchase price of U.S. dollar in the interbank market closed the sale price (8.1280 UAH.), The average selling price has broken the mark of 8.13 USD. (8.1330 UAH.), Which was the highest value for the whole summer.

On the cash market price trends for the U.S. dollar, in contrast to the interbank, where there were two subsidence, showed a growth. In particular, on Monday 27 August, the average purchase price of the U.S. dollar was 8.0970 UAH., On Tuesday, August 28 indicator is not adjusted, on Wednesday August 29 purchase price of the U.S. dollar went up to 8.1010 UAH., On Thursday August 30 was taken new height in 8.1060 UAH., and on Friday 31 August, the average selling price has stabilized at a fairly high mark of 8.1120 UAH. Average sale price on Monday kept below 8.13 USD. per unit (8.1260 UAH.), but the next day broke the mark of 8.13 USD. and locked in there, to get out on Wednesday to 8.1320 UAH. and on Friday closed a week, and the summer at a high value 8.1470 UAH. per unit.

Euro satisfied with small The euro rose in price in Ukraine as part of a trend in the world market, but the strengthening of the euro was not as notable as the U.S. dollar. We can say, the euro has grown sluggish, as the currency - too risky asset for the Ukrainian currency market operators. Concerns about the crisis in the eurozone and its spread to Ukraine restrict interest to the euro. So triumphant global currency market in Ukraine increased its modest 8.7 kopecks. Interbank and only 2-4 kopecks. the cash market.

Interbank euro opened the week on Monday 27 August, the average bid and ask prices in 10,1432-10,1504 Rs. per unit, on Tuesday August 28 moved to moderate growth (10,1703 10,1831 Rs.), Wednesday, August 29 rose to Rs 10,1029-10,1995. On Thursday, August euro sank to the mode slightly 10,1801-10,1879 USD, but on Friday August 31 rose sharply to Rs 10,2289-10,2398. with the expansion of the range.

On the cash market, the euro grew more moderate, probably due to low demand. In particular, on Monday, the euro was valued at Rs 10,0450-10,1970 on Tuesday sank to 10,0380-10,1880 UAH, on Wednesday to put on weight rapidly 10,0880-10,2460 USD, which has a maximum of up to week. On Thursday, the euro, saving an average purchase price of the environment, sales rose to 10.2560 UAH, on Friday continued to roll back to 10,0670 10,2360 Rs.

Russian ruble went down because of the good news News Coverage Russian ruble in Ukraine continued to decline under the double pressure of the reaction to the refusal of the U.S. Fed QE3 and losses against the U.S. dollar and the euro on the Russian currency market.

Interbank Ukraine Russian ruble on Monday August 27 traded in a range 0,2545-0, UAH, on Tuesday August 28 dropped to Rs 0,2530-0,2534, Wednesday, followed by a new retreat to 0,2521-0,2525 UAH. The second half of the week was marked by a sharp decline until Friday August 31 ruble is not closed the week lower values 0,2506-0,2510 UAH.

On the cash market ruble five trading days from 27 to 31 August struggled for a mark in 0.2500 UAH. in the purchase and 0.2550 UAH. on sale, but managed to hold above 0. UAH. only on sale. On Monday, the ruble was trading in the range 0,2475-0,2552 UAH Tuesday dipped marginally to Rs 0,2469-0,2544, on Wednesday he was regarded in 0,2464 0,2544 on Thursday, fell back to 0.2450 -0.2533 USD, and on Friday sharply went down to the lowest level in a week 0,2429-0,2514 UAH. per unit.

In early autumn, the euro will become cheaper, as the U.S. dollar continued to rise in price The refusal of the U.S. Federal Reserve new phase of quantitative easing would put pressure on the euro and the ruble, including in Ukraine. On the news agency "Our Products" said the head of information-analytical center FOREX CLUB Ukraine Mykola Ivchenko. According to the expert, in a speech by Fed Chairman Ben Bernanke did not hear a hint of launch QE3, which supports the U.S. dollar, but it will push down the euro and the ruble. Mykola Ivchenko forecasts as a result of the euro breaks below the psychological mark of 10 USD.

per unit. The average selling price of euro cash this week, according to experts, will range between Rs 9,97-10,41. per unit, the interbank market is 9,92-10,36 Rs.

Russian ruble, says Nikolay Ivchenko, Ukraine will decline in sales to Rs 0,248-0,252. in the cash market and up to Rs 0,249-0,254. the interbank market. Prices for cash and non-ruble expert emphasizes, will tend to lower range.

U.S. Dollar in Ukraine, says Nikolay Ivchenko, will continue to rise moderately in the price, as "the tendency of" the last week of summer, when the commercial banks pay the excess liquidity in the foreign currency. The expert predicts that the average selling price of U.S.

dollar amount of cash Rs 8,130-8,155, while the interbank average selling prices will fluctuate within 8,1250-8,1400 UAH. per unit.

http://ianp.com.ua/ru/news/company/read/ Siberian News Agency, 01.09.2012, metal market: precious metals traded in a range in anticipation of my head of the U.S. Federal Reserve - Michael Verdyan, FOREX CLUB On Thursday, August 30, precious metals traded lower amid falling stock markets the U.S.

and Europe, as well as the majors after the comments of the European leaders intensified investors' concerns about the situation in the eurozone. Indecisive comments IMF's debt crisis, as well as a message saying that Spain will wait a formal request for financial assistance, also did not add optimism.

Adjustment of long positions in precious metals discovered in the expectation that the U.S.

regulator has announced the beginning of a new round of quantitative easing in Jackson Hall News Coverage on Friday, also helped to reduce prices of metals, as the outcome of this symposium is not clear.

As a result, gold price for yesterday fell 0.09% to 1654.73 U.S. dollars per troy ounce, while silver quotations fell 0.98% to 30.37 U.S. dollars per troy ounce.

On Friday, during the Asian trading session, precious metals traded in a range as investors are still cautious and refrain from major transactions in the run-up speech Fed Chairman Ben Bernanke at an economic forum on monetary policy, which will be held later today.


We believe that the trade will remain cautious until the speech of the Chairman of the American regulator, as market participants expect the Fed chief will signal a new round of quantitative easing. If these expectations are met, quotes metals receive significant impetus for growth.

However, the U.S. economic data coming out lately, and speeches by a number of representatives of the Federal Reserve indicates that Bernanke may not reveal its future plans for the new radical measures, it will be a major disappointment for the market, and trigger a sharp decline in prices precious metals.

The estimated range of the value of gold on Friday could 1640.0 - 1670.0 U.S. dollars per troy ounce, and silver - 29.90 -30.75 dollars per troy ounce.

http://sia.ru/index.php?id=247274§ion=409&action=show_news First Crimean, 01/09/2012 What can rise fall In the last few months to read news sites simply terrible: the experts of various stripes vying predict Ukraine in autumn rise in food and goods, respectively increase in inflation and the collapse of the hryvnia. "1K" decided to analyze what really has a chance to rise in price.

Bread and butter In fact, now there is nothing expressly indicates that the fall in Ukraine happen skyrocketing.

In August, as in previous summer months, the prices of vegetables were down. According to "APK-Inform", the value of potatoes in the country was in a 2-fold lower than last year, onions also fell by almost 2-fold, 20% of cucumbers, tomatoes, beets and carrots have fallen in price by 15%, and the cabbage, on the contrary, went up by 3 times. While collecting the main vegetable production is yet to come, that is, prices for these products will only fall.

With fruits situation worse, their prices this year were higher than last year, and the harvest season ends, we would expect them to rise in price. Not too optimistic and forecast harvest.

According to the director of the association "Growers and winemakers of Ukraine" Sergey Mihaylechko, it is expected to reach 403.38 thousand tons, which is 10 - 15% less than last year, when collected 485.15 tons And the lower the yield, the more berries.

But grains collected in the current year, about 45 million tons, 10 million tons less than in the previous year, but given that in the world in 2012 turned out to be bad harvest, Ukraine, we can say lucky and feed themselves, and the export earns. By the way, according to the Ministry of Agrarian Policy of Ukraine, from the beginning of the current marketing year, which started in July and will run until June 2013, has already sold abroad 2.74 million tonnes, which is 82.6% more than in the same period of the previous season. Total exports amounted to 20.3 million tonnes against 21.95 million tonnes last year. Since due to crop News Coverage failure in the world's major exporters of grain price of grain was rapidly increasing, Ukrainian farmers will be able to improve their financial situation.

But there is the coin and the other side - the growth in world market prices will certainly affect both domestic Ukrainian. "Ukraine can provide themselves with products, - the representative Oleg Ustenko Fund blazer. - But it is an important export commodity. If the world market price increase, Ukraine will not be able to enter the constraints to get our producers to sell at a lower price. " That is, growth in grain prices on the world market and will certainly affect us. True, the main producers promise cheap bread flour from the state reserve. According to Minister of Agrarian Policy of the Crimea Valery Kravets, Crimean bakers obtain 3 tons, which will allow them to keep the rise in social kinds of bread.

Although because of the rise in price of feed feed prices rise for meat, milk and cereals, for example, in the cost of pork in food accounts for 60%. So, this fall the meat might increase by 5 - 15%, milk and cheese by 25%, flour by 20%.

The potential for growth is at the cost of sugar - by 15 - 20%. The reason lies in the reduction of production to 1.8 million tons, which, according to "Ukrsahar", 23% less than last year. Reduced the area under sugar beet domestic farmers after last year suffered heavy losses due to overproduction. However, due to last year's reserves can minimize price increases this year. "We have stocks of sugar is more than enough - said Ukrainian Prime Minister Mykola Azarov. - A month ago, we did not know where to put it. So for price stability, there is good reason. " Although, as per Ministry of Agrarian Policy of Ukraine, this year to help producers of sugar, the wholesale price set at 5 - 6 UAH., And retail - 7 to 8 USD.

Unless, of course, there will be an artificial hype around the issue that quickly push up prices even more.

In addition to sugar, rise by 5 - 10% can and sunflower oil, which is now in the wholesale market is about 10 USD. / L. "This is slightly lower than it was a few months ago, because there was a decrease in world market prices and, of course, in Ukrainian," - said the expert agricultural markets Ukrainian Club of Agrarian Business Roman sweets. But cheaper oil was due to the fact that Ukraine had significant balances seeds, and in the future will depend on the price of the crop. "In principle, this year, we need to collect a pretty good crop of sunflowers. May yield will be slightly lower, but due to the expansion of land we get a good source of raw materials for the production of oil. But the prices are likely not to be low, because there is a certain lack of oil globally. And if the price rises for other types of oil plants, the soybean oil, rapeseed oil, respectively, and our manufacturers will be attracted to higher prices, "- he said.

With a taste of politics The negative outlook given by experts and the hryvnia against the predicted collapse after the election. Several arguments, including the rapid reduction of gold reserves, due to which the NBU exchange rate of national currency support. Plus a growing national debt of Ukraine to be maintained. "In July alone took $ 2 billion in debt. In August - September, it will be necessary to return $ 1.8 billion in just the IMF. GDP growth not. Metal prices have fallen by 20% - this is our main export capacity for six months, we have received 3.1 billion negative balance of payments. And these trends will continue, until October, "- explained the" New Region "economist Oleg Soskin. A government for the revival of exports will have to change the exchange rate, that is, the dollar will go up, and the hryvnia cheaper.

It seems that this is preparing public opinion for its mild statement of the National Bank. "In the coming months, may increase the rate of inflation, - he says. - The difficult situation on foreign markets to restrain the indicators of economic development of Ukraine. In turn, the increase in inflation in the coming months may be due to seasonal factors and possible acceleration of price growth in world food markets. " News Coverage "National Bank states what is likely to happen, and rightly so, knocking a certain excitement and inflationary expectations, warning him that the fall are all a little more expensive, so it's not a surprise. And explains why the price will rise, "- said the head of information-analytical center Forex club in Ukraine Mykola Ivchenko. Reasons for the rise in prices - rise in oil and food in the world, the traditional fall surge in business activity, which is a bit to revive the economy of Ukraine. As a result, inflation this year could rise to 5.5% as of December 2011, we have reduced prices by 0.1% (at least, so says the government), it is deflation that the economy is not good as well as the high inflation.

Only the overly optimistic Prime Minister Mykola Azarov excludes collapse hryvnia and increase in food prices after the election. "The opposition say that the hryvnia will last only until the election, and then collapse. And where is thy opposition, responsibility to the people? You know perfectly well that it is not, so why did you create this mood? - Outraged him. - What will come after the election apocalypse? After the election, will continue the very government that is working right now, it will continue economic policies. Yes, change the composition of the Verkhovna Rada, the new deputies will come, but if they are responsible for the stability of the country, it does not have to behave according to the principle "the worse the better"... If the country has a normal democracy, understood as a continuity of government, the responsibility of government and the opposition, no elections should not undermine stability. " I'd like to believe it, but the experience - the son of errors difficult shows that all of what politicians say before the election, after the election, to be divided fifty.

http://1k.com.ua/439/details/3/ Finmarket, 31.08.2012, GK "FOREX CLUB" Analysis and forecast of the market FOREX * KAZAKHSTAN: In the second half of the pressure on the national currency will remain * According to preliminary estimates of the NBK, the balance of payments of Kazakhstan in the second quarter of 2012 was formed sprofitsitomv $ 0.41 billion. The index declined slightly compared to the first quarter, when the surplus was 2.12 billion dollars. The decline was due to the deterioration in the financial account, which zavershilvtoroy quarter with a deficit of 3.61 billion dollars, while the deficit in the first quarter was only 1.43 billion Increased tensions in global financial markets due to the debt problems in Europe, affected the increasing pressure on the financial account, triggering a significant outflow of investment capital from the country, as evidenced by the increase in the negative balance on the account of portfolio investment. It is estimated that the net outflow of portfolio investments in the second quarter increased to 5.38 billion from 3.86 billion in the first quarter.

As for the current account, there is the opposite situation has improved. Account surplus for the period totaled 4.02 billion against a surplus of 3.55 billion in the first quarter. Positive momentum achieved through increased realization of the export of raw materials, which caused an increase in trade surplus in the second quarter to 13.45 billion from $ 11.86 billion in the first.

It should be noted that the increase on the trade balance surplus managed, despite the poor market conditions, prevailing at the time in the world commodity markets. In the second quarter, a significant decrease in the price of commodities, including crude oil - the main News Coverage export product of Kazakhstan. Thus, in the second quarter crude oil Brent-valuable forming for Kazakh oil, fell by more than 20.5% - from 123 to 98 dollars per barrel and the average price on the sort for the period was approximately $ 109, whereas in the first quarter same period exceeded $ 118.

Now the situation is with the prices in the commodity markets is a bit better. With the onset of the third quarter nablyudaetsyavosstanovlenie prices on almost all major commodity groups Kazakh exports - oil, gas, industrial metals, grains. Recovery in prices, with the exception of grain, yet unstable, and is related to expectations of new large-scale stimulus by the U.S. authorities, China, and other countries in the Eurozone. However, it was expected that by the end of this year, along with the implementation of promises vlasteyveduschih economies situation in commodity markets is unlikely to worsen. Regarding the grain it should be noted a significant rise in the summer - an increase of more than 40%. This is mainly due to the poor harvest of grain in the U.S. - the largest player in the global market because of the unprecedented in the last 50 years of drought.

I would single out oil, which is currently trading above $ 110 per barrel grade Brent, it should be noted that the continuing geopolitical tensions in the Middle East - a key oil region, will continue to help keep prices of "black gold" at high levels.

Against this background, assessment of the prospects of the current account dynamics are pretty optimistic. Tekuschemuschetu accumulated surplus for the first half of 7.56 billion dollars. According to our estimates, the second half of the year we can expect the same result, they have poitogam year's current account surplus could reach about $ 15 billion.

Unfortunately, the situation in the financial account of Kazakhstan, in our opinion, will continue to deteriorate. The continuing debt tensions in Europe will continue to put pressure on the account. However, hopes for an improvement associated with the expectations of decisive action on the part of monetary authorities in the euro zone, will moderate the growing outflow of currency from the country on articles of portfolio investments and other capital.

The total deficit in the financial account, including article errors and omissions in the first half amounted to 5.03 billion dollars. According to our estimates, the deficit in the second half could have been better - within 5.5-6 billion dollars, and the total deficit of the financial account of the balance of payments for 2012 will be 10.5 - 11 billion.

Thus, the overall balance of payments surplus in 2012 may amount to 4 - $ 4.5 billion.

Considering the balance of payments as the main reference point for the prediction of the Tenge, it is worth noting that in the second half of the pressure on the national currency will remain. However, given the exchange rate policy pursued NBK, aimed at curbing large fluctuations, changes in the dollar exchange rate in the country until the end of the year will be negligible. The estimated year-end official exchange rate of USD / KZT is 149 - 150.

* Anatoly Hegai analyst GKFOREX CLUB * http://www.finmarket.ru/z/comments/view.asp?id=3031997&rid= Finmarket, 31.08.2012, GK "FOREX CLUB" News Coverage Analysis and forecast of the market FOREX * OIL: Friday - "good day" to resume the rally * The world oil market Thursday, August 30, the main futures benchmark grade again showed mixed trends. LightSweet barrel on urgent Mercantile Exchange NYMEXpodeshevel $ 0.59 to reach $ 94.56. Oil price Brentna electronic commodity exchange ICEzakrylas in symbolic plus $ 0.08, amounting to $ 112.80 a barrel.

According to our observations, LightSweet futures continued to remain under pressure on expectations of recovery of production in the Gulf of Mexico. Previously, because of the activity of tropical storm "Isaac" was suspended 90% of the oil platforms, which in turn resulted in a short-term speculative buying. Data from the U.S. labor market were slightly worse than expected, zafiksirovavchislo initial claims for unemployment benefits (InitialJoblessClaims) at 374 thousand (forecast 370tys.), And doubts of investors about to launch a new round of quantitative easing by the Fed added market risk instruments negative dynamics. In response to growing demand for the U.S. currency, the October contract LightSweetsformiroval session low at around $ 93.95. Quotes Brent 2nd second day showed better dynamics thanks to buying interest after a rebound from technical support $ 111.50. Thus, the short-term picture of the oil market has kept the uncertainty of my head because of the upcoming FED Chairman Ben Bernanke at Jackson Hole.

On Friday, August 31, quotes the "black gold" probably come out of the trading ranges were formed, and the increased volatility in the prices of presidential statements FOMCuskorit process to achieve speculative purposes.

According to our estimates, in spite of "weakness" futures Light Sweet, manifested in the last two trading sessions, the bulls keep the chances of "acceleration" of the market to the objectives of 98,30 $ Light and 116 $ Brent. If the mystery of QE3 today do not become a reality, a technical correction will be continued in the direction of level $ 93 and $ 110, respectively.

* Spartacus Sobolev, analyst GC ** FOREX **** CLUB * http://www.finmarket.ru/z/comments/view.asp?id=3032229&rid= Finmarket, 31.08.2012, GK "FOREX CLUB" Analysis and forecast of the market FOREX * Market rates, 27 - 31 August * Currency market spent a quiet week. Waiting B. Bernanke speech with comments on a possible QE3, participants could not determine the direction of traffic on the major currencies. The dollar index USDXdvigalsya different directions in a narrow range of 81.30 81.75.

Pair EUR / USDi GBP / USDkolebalis sideways width of about 100 basis points. Of significant macroeconomic statistics in this period were only published data on the state of the business environment in the euro area from the Economic Research Ifo, which coincided with the market expectations and were generally ignored them.

News Coverage Certain weakness showed Australian dollar, breaking through the 1.0400 support, at the time was losing about 1.5% with renewed fears about the economic situation in China.

Japanese Yen traded in a very narrow corridor 78.45 - 78.80.

* Forecast, 3 - 7 September * Week 3 to 7 September can be very important in the formation of the currency market sentiment regarding the prospects of the U.S. dollar in September. Despite the fact that on Monday, September 3, in the U.S. will be output banking day in observance of Labor Day, the remaining four planned out a whole bunch of macroeconomic statistics.

Tuesday and Thursday (4 and 6 September, 18.00 CET) Institute for Supply Management will present traditional data on the index of purchasing managers in manufacturing and services.

In recent months, business optimism in the industrial sector of the U.S. deteriorated, breaking down the border for a recession point of 50%. Non-manufacturing sector felt a little more confident. However, recent data poroznichnym sales and orders for durable goods give reason to hope that the economy is in better shape than previously thought, which opens the possibility for a "positive" changes in the attitudes of respondents.

On Friday, September 7 Bureau of Labor Statistics will report on the labor market in August.

Applications for unemployment benefits during the month brought a few surprises, so you can not expect the bad data on the number of new jobs created. If it exceeds 150 000, it could benefit the dollar, as the further into the future will push the possible start of the third round of quantitative easing.

We believe that the behavior of the dollar in this period can be very volatile and is slightly predictable.

However, the focus of the coming week will be the event that will take place outside the U.S.. On Thursday, the Governing Council of the ECB will announce the results of its regular meeting, and Mario Draghi will hold a press conference for journalists. Currency market participants will expect concrete statements about a possible participation in the control of bond buying in Spain. However, on Monday, August 27 board member Joerg Asmussen said that they only consider buying short-term bonds and simultaneously with the ESM. Given the fact that the decision in the Constitutional Court ESMbudet Germany only towards the middle of the month, we do not expect any loud statements on the results of this meeting, which may be a negative turn of events for the euro.

Dynamics of the pair EUR / USDdo September 6 will be defined by the behavior of the dollar, reacting to incoming key macroeconomic data, but Thursday's event could have a material impact on the prospects for the euro and trigger a massive movement in any direction.

Traditionally, in these times, we recommend to watch the events from the outside and look for positions on the market will be closer to the Friday after completely dry up the first reaction to the speech, Mario Draghi.

Bidders on the British pound in the first week of the month is also traditionally the most important will be waiting for data on the index of purchasing managers in industry, construction and services (3, 4 and 5 September, 12:30 GMT) on Thursday, September 6 The Monetary Policy Committee of the Bank of England announce the results of its regular meeting. The British pound may strongly react to any of these events and it could not be News Coverage saved in this period is traditionally a high correlation with the euro. Accordingly, the interest to work can be a cross-rate EUR / GBP.

The Australian dollar is also expecting a number of key macroeconomic reports and events.

On Monday, September 3 (5:30 GMT) will see the light of data on retail sales. The next morning, the Reserve Bank of Australia will announce the results of the next meeting (5: Moscow time, the rate unchanged), and on Thursday (5.30 GMT) see the light of the figures on the labor market in August. We believe that it lost some of its appeal for purchases after the breakdown of support 1.0400. But the events of the coming week may very drastically change the fundamental and technical picture of the market. Closer to its end, you can do much better judgments about the prospects of all the major currencies.

In the absence of significant news dynamics of the Japanese yen will largely depend on macroeconomic statistics from the U.S.. Any positive here can provoke its weakening. In the event of a decrease in the area of 78.00 it may have interest to open long positions due to possible intervention by the Bank of Japan.

* Valery Polkhovsky analyst GC FOREXCLUB * http://www.finmarket.ru/z/comments/view.asp?id=3032375&rid= Finmarket, 31.08.2012, GK "FOREX CLUB" Analysis and forecast of the market FOREX * Metal Market ** precious metals traded in a range in anticipation of my head of the U.S.

Federal Reserve * On Thursday, August 30, precious metals traded lower amid falling stock markets the U.S.

and Europe, as well as the majors after the comments of the European leaders intensified investors' concerns about the situation in the eurozone. Indecisive comments IMF's debt crisis, as well as a message saying that Spain will wait a formal request for financial assistance, also did not add optimism.

Adjustment of long positions in precious metals discovered in the expectation that U.S.

regulators will announce nachalenovogo round quantitative easing in Jackson Hall on Friday, also helped to reduce prices of metals, as the outcome of this simpoziumaostaetsya unclear.

As a result, gold price for yesterday fell 0.09% to 1654.73 U.S. dollars per troy ounce, while silver quotations fell 0.98% to 30.37 U.S. dollars per troy ounce.

On Friday, during the Asian trading session, precious metals traded in a range as investors are still cautious and refrain from major transactions in the run-up speech Fed Chairman Ben Bernanke at an economic forum on monetary policy, which will be held later today.

We believe that the trade will remain cautious until the speech of the Chairman of the American regulator, as market participants expect the Fed chief will signal a new round of quantitative easing. If these expectations are met, quotes metals receive significant impetus for growth.

However, the U.S. economic data coming out lately, and speeches by a number of representatives of the Federal Reserve indicates that Bernanke may not reveal its future News Coverage plans for the new radical measures, it will be a major disappointment for the market, and trigger a sharp decline in prices precious metals.

The estimated range of the value of gold on Friday could 1640.0 - 1670.0 U.S. dollars per troy ounce, aserebra - 29.90 -30.75 dollars per troy ounce.

* Michael Verdyan analyst CC F ** OREX **** CLUB *** http://www.finmarket.ru/z/comments/view.asp?id=3031921&rid= Finmarket, 31.08.2012, GK "FOREX CLUB" Analysis and forecast of the market FOREX * Review for Thursday, August 30, 2012 * Thursday was yet another confirmation of the fact that the market is in turmoil, not knowing what to expect from Bernanke. Earlier this week, many were convinced that the Fed chief will prepare the world for the implementation of QE3, but with the approach of Friday's confidence melted away under the influence of relatively positive U.S. economic releases.

So, EUR / USD has completed trades near 1.25, and GBP / USD - in the area of 1.5780.

Stayed only one day before the symposium, so people keep alert. Economic reports released this morning did not cause much reaction as showed a mixed picture. German labor market is not happy - figures were slightly worse than expected. But the yield on Italian bonds fell slightly, helping to support a small fortification poEUR / USD. From the opening level 1. the pair managed to approach the 1.2563, but by the end of the trading day broke through 1.25, where it stopped.

GBP / USD has also suffered losses, but not under the influence of economic data. In fact, the European session the pair was quite positive. In July approved an application for a mortgage in the UK recovered from the 18-month low. The number of approved loans increased by 47 312 to 44 124 in June. Opening day at 1.5828, the pair managed to reach 1.5874 high of the day, but completed trades near 1.5770.

USD / JPY was behaving much more restrained his colleagues, being kept for the day of a 20 punktovgo range of 78.50 - 78.70. Pair did not react to the U.S. data. The number of Americans who first filled out the form to receive unemployment benefits remained unchanged. 4-week moving average of applications rose to a 6-week high.

AUD / USD losses suffered yesterday, came under pressure amid unfavorable reports, as well as talk about the Australian iron ore bubble soon burst due to the slowdown in the Chinese economy. The pair opened at 1.0344 day, reached the minimum of 1.0275 by market sentiment and could only fall back to 20 points up at the time of closing.

* Forecast for Friday, August 31, 2012 * According to the dynamics of the U.S. dollar yesterday, it is clear that market expectations have changed dramatically: too high is the chance that Bernanke generally refrain from any actions and comments. Of course, everyone wants to have a clear "yes" or "no" in relation to stimulating the economy, preferably with specific deadlines. However, in practice, this did not happen. Perhaps we did hear, hints at something "more gentle and stimulating", but News Coverage without specifics. Or, for example, not to mention about buying the assets, and to peg interest rates to economic indicators (such as it has been discussed earlier in the year).

However, even this will be enough to send USD to weekly lows, as long as the current conditions do not require such a rush to the rescue of the economy. If Bernanke does not deviate from the official speech and simply say that the Central Bank is prepared to act as needed, the U.S. dollar any chance of growth. We still tend to precisely this outcome, so that the EUR / USD will be the primary target 1.2460 and below 1.24. GBP / USD target the 1.5740 and further to 1.57. Incidentally, in the case of the GBP, pay attention to the performance of the Bank of England Posen. If his comments are not as pessimistic as usual, it can neutralize the pair falling.

Japan publishes a large number of reports in the coming hours: inflation, employment, industrial production and consumer spending will enable us to assess the state of the Japanese economy, but is unlikely to detract from the main theme - a symposium in Jackson Hole. In the case of restraint Bernanke expect growth USD / JPY to 79.00.

AUD / USD so in a weak position, given the recent talk about the sad state of the construction sector and the sad prospects of the mining industry due to the downturn in the PRC. Today could lead to a further weakening of the pair under the demand for USD. Next goal - 1.0260.

* Alain Afanasiev analyst GC ** FOREX ** CLUB * http://www.finmarket.ru/z/comments/view.asp?id=3031919&rid= Finmarket, 31.09.2012, market tense, investors await Bernanke comments - GC "Forex Club" The day started rather quietly, except for block statistics from Japan and a small strengthening of the yen, the analyst GC "Forex Club" Alain Afanasyev. Expectations based on the results of the symposium is still controversial, as helped keep trading in fairly narrow ranges. EUR / USD opened the day at 1.2505 and in the Asian session, and much of Europe was able to add only 10 points. However, at 12:00 Moscow time, everything changed: the pair abruptly jerked upwards, reaching the time of writing daily high 1.2580. There is still no clear signals that it has caused such a surge in demand for the pair, given the fact that expectations are still leaning towards a neutral tone Bernanke. Rumor has it that boost the euro received from the probable departure Weidmann of the Bundesbank. Moreover, additional support could have exceeded forecasts and inflation data.

As we can see, the market is in a large voltage in response to any news from the outside. To date, the EUR / USD found a catalyst for strengthening, but the situation could change dramatically if the position Bernanke will be disappointed. Thus, we do not exclude the possibility of reverse, discarding the area further to 1.25 and 1.24.

http://www.finmarket.ru/z/experts/view.asp?id= EnergyLand.info, 31.08.2012, The oil market is waiting of my head of the U.S. Federal Reserve Chairman Ben Bernanke News Coverage On Friday, August 31, oil quotes probably come out of the trading ranges were formed, and the increased volatility in the prices of presidential statements FOMC will accelerate the process of achieving speculative purposes.

Despite the weakness of futures Light Sweet, manifested in the last two trading sessions, the bulls was a chance to disperse the market for the purposes 98,30 $ Light and 116 $ Brent. If the mystery of QE3 today do not become a reality, a technical correction will be continued in the direction of level $ 93 and $ 110, respectively.

The world oil market on Thursday, August 30, the main futures benchmark grade again showed mixed trends. Light Sweet barrel on NYMEX commodity futures exchange fell $ 0. to reach $ 94.56. Brent oil price on the electronic commodity exchange ICE closed in symbolic plus $ 0.08, amounting to $ 112.80 a barrel.

Light Sweet futures continued to remain under pressure on expectations of recovery of production in the Gulf of Mexico. Previously, because of the activity of tropical storm Isaac was suspended 90% of the oil platforms, which in turn resulted in a short-term speculative buying.

Data from the U.S. labor market were slightly worse than expected, recording the number of initial claims for unemployment benefits (Initial Jobless Claims) at 374 thousand (forecast 370 thousand), and the doubts of investors about the launch of a new round of quantitative easing by the Fed added market risk tools of the negative dynamics.

In response to growing demand for the U.S. currency, the October contract Light Sweet formed session low at around $ 93.95. Quotes Brent second day showed better dynamics thanks to buying interest after a rebound from technical support $ 111.50. Thus, the short term picture of the oil market has kept the uncertainty of my head because of the upcoming FED Chairman Ben Bernanke at Jackson Hole.

Spartacus Sobolev, analyst GC FOREX CLUB http://energyland.info/news-show-tek-neftegaz- PRIME, 31.08.2012, EUR / USD: Euro fell! - Dmitry Voblikov, SC FOREX CLUB "But not so much fell yesterday as it could, fell just something for half a cent against the U.S.

dollar, but such a sharp drop in the high degree of tension that exists in the market.

Nervousness, primarily associated with the uncertainty of the European Central Bank steps to protect the euro and the anticipation of the Fed decision on the program of mass printing of new dollars. Without the last step powerful U.S. economy fails to work effectively, showing a constant shortage of domestic consumption. Option to give people cheap money through bank loans, just intended to stimulate domestic demand and make the economy grow. Today may be important in relation to this program, it is expected that the U.S. Federal Reserve Chairman Ben Bernanke announced the beginning of the third phase of quantitative easing, the dollar, and the news of the dollar will go down as the single currency turned to new heights.

Of course, there is an alternative: if there's nothing to be said against the weakening U.S.

dollar, the euro Monday morning at the risk of being the minimum values of the year.

News Coverage From a technical point of view, we expect to continue the movement in the price range of a channel with a 1.2570 and 1.2480, and prefer to stay out of the market. " http://www.1prime.ru/news/comments/-101/% 7BC30A1897-0A45-48E0-8D1B BD0EB81342D0% 7D.uif Big business, 31.08.2012, precious metals traded down Precious metals are trading down August 30 precious metals traded lower amid falling stock markets the U.S. and Europe, as well as the majors after the comments of the European leaders intensified investors' concerns about the situation in the euro zone, said the Forex Club.

Analyst Michael Verdyan explained that "the adjustment of long positions in precious metals that are open in the expectation that the U.S. regulator has announced the beginning of a new round of quantitative easing in Jackson Hall on Friday, also helped to reduce prices of metals, as the outcome of this symposium is not clear.

As a result, gold price for yesterday fell 0.09% to 1654.73 U.S. dollars per troy ounce, while silver quotations fell 0.98% to 30.37 U.S. dollars per troy ounce.

On Friday, during the Asian trading session, precious metals traded in a range as investors are still cautious and refrain from major transactions in the run-up speech Fed Chairman Ben Bernanke at an economic forum on monetary policy, which will be held later today.


We believe that the trade will remain cautious until the speech of the Chairman of the American regulator, as market participants expect the Fed chief will signal a new round of quantitative easing. If these expectations are met, quotes metals receive significant impetus for growth.

However, the U.S. economic data coming out lately, and speeches by a number of representatives of the Federal Reserve indicates that Bernanke may not reveal its future plans for the new radical measures, it will be a major disappointment for the market, and trigger a sharp decline in prices precious metals.

The estimated range of the value of gold on Friday could 1640.0 - 1670.0 U.S. dollars per troy ounce, and silver - 29.90 -30.75 dollars per troy ounce.

http://www.bigness.ru/news/2012-08-31/zoloto/136714/ Capital of the country, 31.08.2012, Will the euro Monday morning at the minimum values of the year?

As the analyst SC FOREX CLUB Dmitry Voblikov, however, the euro fell not so much as the day before. "Dump just something for half a cent against the U.S. dollar, but such a sharp drop in the high degree of tension that exists in the market today", said the expert.

News Coverage The analyst notes that nervousness, primarily associated "with the uncertainty of the European Central Bank steps to protect the euro and the anticipation of the Fed decision on the program of mass printing of new dollars."

"Without the last step of a strong U.S. economy fails to work effectively, showing a constant shortage of domestic consumption. Option to give people cheap money through bank loans, just intended to stimulate domestic demand and make the economy grow. Today may be important in relation to this program, it is expected that the U.S. Federal Reserve Chairman Ben Bernanke announced the beginning of the third phase of quantitative easing, the dollar, and the news of the dollar to go down, the single currency is to strive for new heights, "podcherklu expert.

He also acknowledged that, of course, there is an alternative. "If there's nothing to be said against the weakening U.S. dollar, the euro Monday morning at the risk of being the minimum values of the year. From a technical point of view, we expect to continue the movement in the price range of a channel with a 1.2570 and 1.2480, and prefer to stay out of the market, "concluded the analyst.

On materials GK FOREX CLUB http://www.kapital-rus.ru/news/ Farmtsevtichesky Gazette, 08/31/2012, Shares of pharmaceutical companies: Week Main newsmaker last week among pharmaceutical companies began Pharmstandard.

Despite the fact that the reporting issuer was worse than market expectations amid declining profitability from sales of own products as well as third-party products, stocks over the past week have increased in price by almost 5.5%.

Comment Andrew Dirgin, analytics FOREX CLUB "The reason for the popularity of the securities were waiting Pharmstandard revenue growth in the second half., Said management of the issuer during a conference call with investors. Market believed and supported the company quotes the most liquid Russian pharmaceutical company - Farmstandrt.

Reporting Veropharm opposite disappointed bidders Shares of the past week have decreased by almost 5% after reporting disappointing second-quarter of this year. Poor dynamics revenue along with the pressure from international producers and distributors was the catalyst drop capitalization Veropharm this week.

Of all companies, today the most promising in terms of growth, can be considered as shares Protek, after the fall of profitability and revenue last year, management has taken steps to stabilize the performance of the company, and this, in turn, can lead to dramatic performance improvement of the issuer. Therefore, the sector shares Protek - our favorite.

Last week, the company's securities gained 1.2%.

The market is looking forward to how successful will be the efforts of the management Farmsintez promotion of innovative anti-cancer drugs on the international market. " News Coverage SCREEN, 31.08.2012, metal market: precious metals traded in a range in anticipation of my head of the U.S. Federal Reserve On Thursday, August 30, precious metals traded lower amid falling stock markets the U.S.

and Europe, as well as the majors after the comments of the European leaders intensified investors' concerns about the situation in the eurozone. Indecisive comments IMF's debt crisis, as well as a message saying that Spain will wait a formal request for financial assistance, also did not add optimism.

Adjustment of long positions in precious metals discovered in the expectation that the U.S.

regulator has announced the beginning of a new round of quantitative easing in Jackson Hall on Friday, also helped to reduce prices of metals, as the outcome of this symposium is not clear.

As a result, gold price for yesterday fell 0.09% to 1654.73 U.S. dollars per troy ounce, while silver quotations fell 0.98% to 30.37 U.S. dollars per troy ounce.

On Friday, during the Asian trading session, precious metals traded in a range as investors are still cautious and refrain from major transactions in the run-up speech Fed Chairman Ben Bernanke at an economic forum on monetary policy, which will be held later today.


We believe that the trade will remain cautious until the speech of the Chairman of the American regulator, as market participants expect the Fed chief will signal a new round of quantitative easing. If these expectations are met, quotes metals receive significant impetus for growth.

However, the U.S. economic data coming out lately, and speeches by a number of representatives of the Federal Reserve indicates that Bernanke may not reveal its future plans for the new radical measures, it will be a major disappointment for the market, and trigger a sharp decline in prices precious metals.

The estimated range of the value of gold on Friday could 1640.0 - 1670.0 U.S. dollars per troy ounce, and silver - 29.90 -30.75 dollars per troy ounce.

Mikael Verdyan analyst GC FOREX CLUB SCREEN, 31.08.2012, OIL: Friday - "good day" to resume rally The world oil market on Thursday, August 30, the main futures benchmark grade again showed mixed trends. Light Sweet barrel on NYMEX commodity futures exchange fell $ 0. to reach $ 94.56. Brent oil price on the electronic commodity exchange ICE closed in symbolic plus $ 0.08, amounting to $ 112.80 a barrel.

In our experience, futures Light Sweet continued to remain under pressure on expectations of recovery of production in the Gulf of Mexico. Previously, because of the activity of tropical storm "Isaac" was suspended 90% of the oil platforms, which in turn resulted in a short-term speculative buying. Data from the U.S. labor market were slightly worse than expected, recording the number of initial claims for unemployment benefits (Initial Jobless Claims) at 374 thousand (forecast 370 thousand), and the doubts of investors about the launch of a new round of quantitative easing by the Fed added market risk tools of the negative dynamics. In response to growing demand for the U.S. currency, the October contract Light Sweet formed session low at around $ 93.95. Quotes Brent 2nd second day showed better dynamics thanks to buying interest after a rebound from technical support $ 111.50. Thus, the short-term picture of the oil market has kept the uncertainty of my head because of the upcoming FED Chairman Ben Bernanke at Jackson Hole.

On Friday, August 31, quotes the "black gold" probably come out of the trading ranges were formed, and the increased volatility in the prices of presidential statements FOMC will accelerate the process of achieving speculative purposes.

News Coverage According to our estimates, in spite of "weakness" futures Light Sweet, manifested in the last two trading sessions, the bulls keep the chances of "acceleration" of the market to the objectives of 98,30 $ Light and 116 $ Brent. If the mystery of QE3 today do not become a reality, a technical correction will be continued in the direction of level $ 93 and $ 110, respectively.

Spartacus Sobolev, analyst GC FOREX CLUB SCREEN, 31.08.2012, Asian indices: Investors awaiting speech by Fed Chairman Ben Bernanke and the ECB Last week's trading on major Asian stock markets were mostly in negative territory. No shows promise in improving the regional statistics, mainly in Japan, plus the pessimistic assessment of the economic growth of the country of the Rising Sun was forced to remain investors in the gloom. Also, the background is also not favorable to growth. Past weekend talks with the Greek government led by Germany and France on the relaxation of the conditions of the program of financial aid for Athens ended without result.

According to data released by Japan's retail sales in July fell an annualized 0.8%, while the expected decline of only 0.1%, the business activity index for August fell to 47.7 points from 47.9 points a month earlier, and industrial production in July instead of growth of 1.7% showed a decrease of 1.2%. Negatives also added information on the fall of profits of Chinese companies in the industrial sector.

However, in anticipation of Friday's Ben Bernanke's speech at a symposium in Jackson Hole, Asian indices showed a moderate decline. Bidders still preferred to abstain from a sell before the Fed chief will shed light on the situation with the program QE3. Only at the end of the week a few sales have increased on rumors that the Fed is not yet ready to launch a new phase of quantitative easing.


Finally, this week, Japan's Nikkei dipped 2.55%, while Hong Kong's Hang Seng fell by 2% Forecast for September 3- The first days of September for the global, including Asian investors are expected to be hot, and the decisive role in the dynamics of the Asian indices solutions will play U.S. monetary authorities and the Eurozone, and the economic data falling by the wayside.

Regarding scheduled for Friday, August 31, Ben Bernanke's speech, we believe that it is still somewhat disappointed markets. Given the recent strong statistics on the housing market and employment in the United States, we are inclined to say that the head of the Fed probably will not rush to unambiguous statements on the rapid launch QE3.

But the results, scheduled for September 6, the ECB may please investors. The head of the European regulator is likely to finally announce new support measures to stabilize the eurozone. The long-awaited decision to have a positive impact on investor sentiment and spur indexes, including the Asian growth potential.

Recommendations Nikkei From a technical point of view, the growth of the index until unlikely. The current value is testing the support level until 8900 - 38.2% fibo correction of the total scope of the rising market since late July. The RSI is in a steep dive, signaling the strengthening of bearish sentiment.

The main recommendation: If bounce up from the level of 8900, and attached above the psychological mark of 9000, it should be open long positions in the range of 9000 - with a stop loss below a designated level. Profit record near recent highs - slightly below 9300.

News Coverage Alternative scenario: in the case of breaking down the designated level, they should refrain from opening short positions.

Hang Seng The technical picture also points to the detriment of growth - the index fell below 19,900 the upper limit of the range of the mid-term tests and the local support at 19,400, while the RSI entered the zone of "oversold", which indicates the absence so far of any ambitions the bulls.

The main recommendation: If the rebound from this level up and consolidation above $ 19,500, you should open long positions in the range of 19 500 - 19 600 with a stop loss below 19 400. Recommended for recording income in recent highs near 20,200 mark.

Alternative scenario: in the case of breaking down this level, you should also refrain from selling.

Anatoly Hegai analyst SC FOREX CLUB SCREEN, 31.08.2012, KAZAKHSTAN: In the second half of the pressure on the national currency will remain According to preliminary estimates of the NBK, the balance of payments of Kazakhstan in the second quarter of 2012 was formed with a surplus of $ 0.41 billion. The index declined slightly compared to the first quarter, when the surplus was 2.12 billion dollars. The decline was due to the deterioration in the financial account, which ended the second quarter with a deficit of 3.61 billion dollars, while the deficit in the first quarter was only 1.43 billion Increased tensions in global financial markets due to the debt problems in Europe, affected the increasing pressure on the financial account, triggering a significant outflow of investment capital from the country, as evidenced by the increase in the negative balance on the account of portfolio investment. It is estimated that the net outflow of portfolio investments in the second quarter increased to 5.38 billion from 3.86 billion in the first quarter.

As for the current account, there is the opposite situation has improved. Account surplus for the period totaled 4.02 billion against a surplus of 3.55 billion in the first quarter. Positive momentum achieved through increased realization of the export of raw materials, which caused an increase in trade surplus in the second quarter to 13.45 billion from $ 11.86 billion in the first.

It should be noted that the increase on the trade balance surplus managed, despite the poor market conditions, prevailing at the time in the world commodity markets. In the second quarter, a significant decrease in the price of commodities, including crude oil - the main export product of Kazakhstan. Thus, in the second quarter crude oil Brent - valuable Images for Kazakh oil, fell by more than 20.5% - from 123 to 98 dollars per barrel, while the average price for the grade for the period was approximately $ 109, whereas in the first quarter same period exceeded $ 118.

Now the situation is with the prices in the commodity markets is a bit better. With the onset of the third quarter recovery in prices is observed in almost all the main headings of Kazakhstan's exports - oil, gas, industrial metals, grains. Recovery in prices, with the exception of grain, yet unstable, and is related to expectations of new large-scale stimulus by the U.S. authorities, China, and other countries in the Eurozone. However, it was expected that by the end of this year with the implementation of the promises of the authorities leading economies situation in commodity markets is unlikely to worsen. Regarding the grain it should be noted a significant rise in the summer - an increase of more than 40%. This is mainly due to the poor harvest of grain in the U.S. - the largest player in the global market because of the unprecedented in the last 50 years of drought.

News Coverage I would single out oil, which is currently trading above $ 110 per barrel grade Brent, it should be noted that the continuing geopolitical tensions in the Middle East - a key oil region, will continue to help keep prices of "black gold" at high levels.

Against this background, assessment of the prospects of the current account dynamics are pretty optimistic. The accumulated surplus on the current account for the first half of 7. billion dollars. According to our estimates, the second half of the year we can expect the same result, they have a year-end current account surplus could reach about $ 15 billion.

Unfortunately, the situation in the financial account of Kazakhstan, in our opinion, will continue to deteriorate. The continuing debt tensions in Europe will continue to put pressure on the account. However, hopes for an improvement associated with the expectations of decisive action on the part of monetary authorities in the euro zone, will moderate the growing outflow of currency from the country on articles of portfolio investments and other capital.

The total deficit in the financial account, including article errors and omissions in the first half amounted to 5.03 billion dollars. According to our estimates, the deficit in the second half could have been better - within 5.5-6 billion dollars, and the total deficit of the financial account of the balance of payments for 2012 will be 10.5 - 11 billion.

Thus, the overall balance of payments surplus in 2012 may amount to 4 - $ 4.5 billion.

Considering the balance of payments as the main reference point for the prediction of the Tenge, it is worth noting that in the second half of the pressure on the national currency will remain. However, given the exchange rate policy pursued NBK, aimed at curbing large fluctuations, changes in the dollar exchange rate in the country until the end of the year will be negligible. The estimated year-end official exchange rate of USD / KZT is 149 - 150.

Anatoly Hegai analyst SC FOREX CLUB SCREEN, 31.08.2012, currency market: the market is under stress, investors await Bernanke comments Review The day started rather quietly, except for block statistics from Japan and a small strengthening of the yen. Expectations based on the results of the symposium is still controversial, as helped keep trading in fairly narrow ranges. EUR / USD opened the day at 1.2505 and in the Asian session, and much of Europe was able to add only 10 points.

However, at 12.00 GMT. everything has changed dramatically couple jerked upwards, reaching the time of writing daily high 1.2580. There is still no clear signals that it has caused such a surge in demand for the pair, given the fact that expectations are still leaning towards a neutral tone Bernanke. Rumor has it that boost the euro received from the probable departure Weidmann of the Bundesbank. Moreover, additional support could have exceeded forecasts and inflation data n.

Forecast As we can see, the market is in a large voltage in response to any news from the outside. To date, the EUR / USD found a catalyst for strengthening, but the situation could change dramatically if the position Bernanke will be disappointed. Thus, we do not exclude the possibility of reverse, discarding the area further to 1.25 and 1.24.

Alain Afanasiev analyst GC FOREX CLUB News Coverage SCREEN, 31.08.2012, Market Rates, 27 - 31 August Currency market spent a quiet week. Waiting B. Bernanke speech with comments on a possible QE3, participants could not determine the direction of traffic on the major currencies. USDX dollar index moved in different directions in a narrow range of 81.30 81.75.

The EUR / USD and GBP / USD ranged sideways width of about 100 basis points. Of significant macroeconomic statistics in this period were only published data on the state of the business environment in the euro area from the Economic Research Ifo, which coincided with the market expectations and were generally ignored them.

Certain weakness showed Australian dollar, breaking through the 1.0400 support, at the time was losing about 1.5% with renewed fears about the economic situation in China.

Japanese Yen traded in a very narrow corridor 78.45 - 78.80.

Forecast, 3 - 7 September Week 3 to 7 September can be very important in the formation of the currency market sentiment regarding the prospects of the U.S. dollar in September. Despite the fact that on Monday, September 3, in the U.S. will be output banking day in observance of Labor Day, the remaining four planned out a whole bunch of macroeconomic statistics.

Tuesday and Thursday (4 and 6 September, 18.00 CET) Institute for Supply Management will present traditional data on the index of purchasing managers in manufacturing and services.

In recent months, business optimism in the industrial sector of the U.S. deteriorated, breaking down the border for a recession point of 50%. Non-manufacturing sector felt a little more confident. However, recent data on retail sales and orders for durable goods give reason to hope that the economy is in better shape than previously thought, which opens the possibility for a "positive" changes in the attitudes of respondents.

On Friday, September 7 Bureau of Labor Statistics will report on the labor market in August.

Applications for unemployment benefits during the month brought a few surprises, so you can not expect the bad data on the number of new jobs created. If it exceeds 150 000, it could benefit the dollar, as the further into the future will push the possible start of the third round of quantitative easing.

We believe that the behavior of the dollar in this period can be very volatile and is slightly predictable.

However, the focus of the coming week will be the event that will take place outside the U.S.. On Thursday, the Governing Council of the ECB will announce the results of its regular meeting, and Mario Draghi will hold a press conference for journalists. Currency market participants will expect concrete statements about a possible participation in the control of bond buying in Spain. However, on Monday, August 27 board member Joerg Asmussen said that they only consider buying short-term bonds and simultaneously with the ESM. Given the fact that the decision on ESM will be taken by the Constitutional Court of Germany only towards the middle of the month, we do not expect any loud statements on the basis of this meeting, which may be a negative turn of events for the euro.

News Coverage Dynamics of the pair EUR / USD until September 6, will be largely determined by the behavior of the dollar, reacting to incoming key macroeconomic data, but Thursday's event could have a material impact on the prospects for the euro and trigger a massive movement in any direction. Traditionally, in these times, we recommend to watch the events from the outside and look for positions on the market will be closer to the Friday after completely dry up the first reaction to the speech, Mario Draghi.

Bidders on the British pound in the first week of the month is also traditionally the most important will be waiting for data on the index of purchasing managers in industry, construction and services (3, 4 and 5 September, 12:30 GMT) on Thursday, September 6 The Monetary Policy Committee of the Bank of England announce the results of its regular meeting. The British pound may strongly react to any of these events and it could not be saved in this period is traditionally a high correlation with the euro. Accordingly, the interest to work can be a cross-rate EUR / GBP.

The Australian dollar is also expecting a number of key macroeconomic reports and events.

On Monday, September 3 (5:30 GMT) will see the light of data on retail sales. The next morning, the Reserve Bank of Australia will announce the results of the next meeting (5: Moscow time, the rate unchanged), and on Thursday (5.30 GMT) see the light of the figures on the labor market in August. We believe that it lost some of its appeal for purchases after the breakdown of support 1.0400. But the events of the coming week may very drastically change the fundamental and technical picture of the market. Closer to its end, you can do much better judgments about the prospects of all the major currencies.

In the absence of significant news dynamics of the Japanese yen will largely depend on macroeconomic statistics from the U.S.. Any positive here can provoke its weakening. In the event of a decrease in the area of 78.00 it may have interest to open long positions due to possible intervention by the Bank of Japan.

Valery Polkhovsky analyst SC FOREX CLUB Ministry of Industry, 31/08/2012, the dollar increased due to seasonal demand Experts attribute the rise of the dollar seasonal demand for currency from the public and banks. About this newspaper "Today".

Jumps course also be expected. "In September, expect the dollar in the cash market will be sold at Rs 8.15. Before the year may gradually increase to 8.25 USD." - Predicts the head of information-analytical center Forex Club Mykola Ivchenko.

"Fluctuations of small: an increase of 8 cents - it's only 1%. Such variance in the euro / dollar is the day. Just people are used to, that the rate was kept stable for many years. And now, if it is changed to a few cents, it is regarded by the population as serious negative signal " explains the analyst ICPS Alexander Acorn.

The government also are positive. Source publication in the Cabinet said that the budget for 2013 will be to lay the course 8,13-8,14 UAH. / Dollar.

Bankers also expect a further appreciation of the euro. "Jumps will be. Market is already embedded in a recession, absenteeism in Greece from the euro zone, so that something bad News Coverage surprise impossible. Unless the collapse of the euro area - then it would roll down," - said vice-chairman of "Finance and Credit" Igor Lvov.

The other day Deputy Prime Minister Valery Khoroshkovsky said that the end of the year domestic currency is not in danger. He added that the future situation will depend on how the situation will develop in the external markets.

http://minprom.ua/news/102535.html Belarusian News, 31/8/2012, Market Rates for 27 - 31 August Between 27 and 31 August the Belarusian ruble against the U.S. dollar has fallen by Br (0,4%) to the level Br8420. Euro firmed Br80 (0,8%). Russian ruble fell by Br3, 50 (1.3%), reaching a level of Br258, 50. Trading volume in the currency of the lot on U.S. dollar totaled 325.3 million EUR - 174.4 million, the Russian ruble - 4596.7 million Since the start of trading by fixing on September 14, 2011 the national currency against the U.S. dollar added Br180, or 2.1%, rose to the level of Br8420. Against the euro, it increased by Br1570 (12,3%). Russia's currency relative to the Belarusian ruble strengthened to Br46, 50 (15.3%). Since the beginning of 2012, he lost against the U.S. dollar Br70 (0,8%). Against the euro, it rose to Br270 (2,5%), but against the Russian ruble lost Br2, 50 (0.95%).

Belarusian ruble continues to be quoted against the U.S. dollar within a narrow range. The activity of trading in the forex market remains quite high, which is not until concerns about its stability.

Belarusian ruble exchange rate against the euro is still dependent on the quotes pair USD / BYR traded currency section BCSE and the dynamics of the pair EUR / USD on the world market. The European currency had fairly quiet week, trading in a narrow range 1,2465 1,2575. Currency market participants expected performance of the Fed Ben Bernanke, of which planned to hear the details on a possible third round of quantitative easing. On the morning of Friday, August 27, the EUR / USD was trading at 1.2545.

In the currency market of the Russian Federation local ruble has weakened its position as the oil price of Brent North Sea adjusted downward, reaching 111.40 dollars per barrel.

However, finding support there, she again moved up to around $ 113.75. With such a value of "barrels" of oil, the Russian currency looks a bit cheap, as at similar prices in the last quarter, it fluctuated in the 28-30. However, given the high level of uncertainty that persists in the world economy and the oil market, we believe that the ruble will continue to be in the area of 30-33 in the coming month.

Valery Polkhovsky analyst SC FOREX CLUB http://naviny.by/rubrics/finance/2012/08/31/ic_news_114_400564/ Business News, 8/31/2012, U.S. might appreciate - opinion U.S. dollar exchange rate in today's trading will depend on the performance of the Fed The dollar now has every chance to grow in value, if the head of the Federal Reserve (Fed) Chairman Ben Bernanke has stated its readiness to support the economy regulator.

News Coverage According to analysts of Forex Club in Ukraine for the euro / dollar in this case, the primary goal will be 1.2460 and below 1.24. The pair GBP / USD may reach the level of 1.5740, and then drops to 1.57.

Yesterday, as we, the euro closed trading at at $ 1.25, and the pound - around $ 1.5780.

Analysts say Forex Club, the yield on Italian bonds fell slightly, helping to support a small fortification single European currency. The European session was quite positive for the pair GBP / USD. In July approved an application for a mortgage in the UK recovered from the 18 month low. The pair dollar / yen was kept for a day in a 20-punktovgo range 78.50 - 78. and has not responded to U.S. macroeconomic data.

http://finance.liga.net/banks/2012/8/31/news/29558.htm E-News, 31.08.2012, dollar might appreciate - opinion U.S. dollar exchange rate in today's trading will depend on the performance of the Fed.

The dollar now has every chance to grow in value, if the head of the Federal Reserve (Fed) Chairman Ben Bernanke has stated its readiness to support the economy regulator.

According to analysts of Forex Club in Ukraine for the euro / dollar in this case, the primary goal will be 1.2460 and below 1.24. The pair GBP / USD may reach the level of 1.5740, and then drops to 1.57.

Yesterday, as we, the euro closed trading at at $ 1.25, and the pound - around $ 1.5780.



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