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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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Affect the dynamics of the precious metal in the coming week could also scheduled macroeconomic statistics from the U.S. and the eurozone. From the American news is worth paying attention to data on trade balance and the industrial price index for June, as well as figures on the number of applications for unemployment benefits last week. From European news you want to select the publication of data on industrial production in the leading economies in Europe. Weak data on the purchasing managers index (PMI) in this region indicate that the rate is unlikely to please investors.

If the economic statistics will be released from the ocean worse than expected, and the data from the eurozone, contrary to expectations, will be satisfactory, the price of gold may News Coverage increase. Resistance for gold in the coming week will be the mark of 1615.0 U.S. dollars per troy ounce.

The cost of copper in the futures market this week decreased by 3.35% to 3.3150 U.S. dollars per pound of copper. The reason for this was the disappointment of market participants about the new measures the quantitative stimulation of the U.S. Federal Reserve and the ECB, as well as the appreciation of the U.S. currency. Published by weak data from China also have added optimism to the market of metal, as the share of the Middle Kingdom accounts for about 40% of global copper consumption.

Indeed, the index of purchasing managers in the manufacturing sector in China in July fell to 50.1 vs. 50.2, while many experts expect growth to 50.5.

Meanwhile, sagging stock exchange of the asset on the London Metal Exchange (LME) this week has been supporting quotations red metal.

Dynamics of copper in the coming week will largely depend on the macroeconomic statistics from the U.S., the eurozone and China, as well as the dynamics of the U.S. currency. It is expected that data from the ocean can get a moderately positive, which supports the quotations of copper. In this poor statistics will prevent the growth of the eurozone red metal. Of particular interest to the participants of the market next week will produce preliminary data on foreign trade and industrial production of China in July, as in case of positive data copper can get a substantial boost to growth.

However, if such statistics do not justify the hopes and the U.S. currency will continue to rise, copper may fall in price. Estimated range of volatility of copper futures market in the coming week - 3.23 - 3.40 USD per pound of copper.

Michael Verdyan, an analyst at GK FOREX CLUB Business News Agency, 03.08.2012, FOREIGN EXCHANGE MARKET: Euro-Dollar recovers before the weekend Review After the ups and downs of a couple of Thursday's on Friday restored. Prices on the level of resistance close to 1.2166 1.2260. In part this is due to the closure of the dynamics of short positions on the euro. Pair received little support on the part of the data on business activity.

The composite PMI index rose to 46.5 in July, against 46.4 a month earlier, but is still below 50, which separates the increased activity of its recession. But there is still data on the U.S.

labor market, which necessarily will make adjustments to the dynamics. Employment growth may support the dollar and in this case the possible return of the price of 1.2200 and 1.2160. But these figures may also cause increased interest in risk. Then the pair rush to resistance 1.2360.

Forecast The beginning of the week does not characterize outstanding. An interesting report has been scheduled. Most likely, the market will reconsider the decision of central banks and the recent U.S. data. It is possible that the market return to bearish sentiment on the euro and the price will drop back to 1.2130 support and further to 1.2100. The basic range of motion of the Euro-dollar is likely to be limited to the levels of 1.2130 - 1.2360, provided that the new catalysts does not appear in the form of statements by officials or downgrades.

News Coverage Irina Rogov, an analyst at GK FOREX CLUB http://www.abnews.ru/?p=novosti91&news= Business News Agency, 08/03/2012, Asian indices: inconclusive results of meetings of the Fed and the ECB's disappointing Asian investors Last week the major stock indicators Asia Nikkei and Hang Seng showed a mixed trend.

In the early period of trading took place mostly in a positive manner to the expectations of the new stimulus from the Fed and the ECB. In the course of trading Hang Seng index managed to significantly add and test the four-week highs.

Nikkei showed a more sluggish dynamics. Active growth prevented a weak regional statistics.

According to preliminary data, industrial production in Japan continued to decline the second consecutive month, dropping in June by 0.1%, while expected to grow by 1.5%.

Business Activity Index (PMI) in the manufacturing sector in the "Land of the Rising Sun" in July fell to a value of 47.9 points from 49.9 points the previous month.

In contrast, Japanese data PMI index in the manufacturing sector in the "Middle Kingdom", according to official figures, in July, although it was worse than expected, however, remained above the value 50, and was 50.1 points, reflecting the continued high activity in the industrial environment.

Themselves as meeting U.S. and European regulators have ended inconclusively, that has brought great disappointment Asian investors. Heads of departments in the course of the final presentations limited only generalities, without offering specific programs for market promotion. However, ECB President Mario Draghi, yet given up hope for a speedy decision, promising that in the coming weeks, the regulator still develop and adopt concrete measures to stabilize the European debt markets.

However, having lost its former ardor, Asian investors have massively selling risky equity assets, which led to a decrease in the leading index. Having lost some positions, Hong Kong's Hang Seng, nevertheless, managed to complete the week in positive territory, gaining 2.03%.

The Japanese Nikkei is closed in the red light - at 0.14%.

Forecast for August 6 - Deprived of support from key monetary authorities, investors in the near term is now hope for a good regional statistics, which is abundant in the next week. Of the planned data the greatest influence on the dynamics of the Asian indices will have a balance of payments, orders in the engineering industry in Japan, as well as for industrial production, retail sales, lending and foreign trade in China.

However, it seems to have a positive attitude in early trading in Asia is likely to be asked released on Friday, August 3, the data on the labor market in the United States, whose results have surpassed market expectations. According to them the number of jobs in the nonfarm sector of the U.S. in July increased by 163,000, while expected to increase by 95,000.

News Coverage Here, it is worth noting that the figure is still clearly nedotyagivaet to satisfactory standards in 200 -250 000, to argue for Strong recovery of the labor market in the United States. On the other hand, the same positive trend indicator only contributes to the Fed's decision to postpone the launch of a new round of QE3, which investors expect.

Moderately positive effect on the data by state is likely to spill long. In the meantime, do not pleasing to the recent statistics for the region, leaves no hope for the preservation of positivity in the markets, and once again increased tensions in the European debt markets, because of unrealistic expectations about the new stimulus from the ECB faces increased downside sentiment in the markets.

Recommendations Nikkei Bouncing down from the strong level of 8700 provides the basis for further reduction of the index to recent lows in the District 8300 -8400. The RSI does not give conflicting signals.

The main recommendation is not open short positions in the range 8600 - 8700 with a profit taking on the specified minimum values near the mark of 8300, which corresponds to the Fibo 161.8% increase downward momentum, formed in early July. Stop-loss is set above the value of 8750.

Alternative scenario: in the case of breaking up the level of 8700 should be open long positions with profit-taking near the psychologically important level of 9000, which corresponds to 61.6% fibo correction of the downward momentum of the July. Stop-loss is lower than 8600.

Hang Seng The current value of the index to be near the upper boundary of the trading channel 18 - 19 800, implying a possible rebound down the index. However, the RSI gives a contradictory signal to buy.

The main recommendation: In the case of an unsuccessful attempt to break up the level of 18,800 and receiving a signal from RSI (penetration down trend line of its own) should be open short positions in the range 19 600 -19 700 to lock in profits near the lower boundary of the trading channel at a mark of 18,800. Stop-loss orders should be set above the level of 19,800.

Alternative scenario: in the case of successful completion of above 19,800 should be open long positions in the range 19 800 - 19 900, with a view to profit taking near the value of 20,400 - which corresponds to the Fibo extension of 161.8% from the rising pulse, formed in late July. Stop-loss is lower than 19,700.

Anatoly Khegai, an analyst at GK FOREX CLUB http://www.abnews.ru/?p=novosti91&news= News Coverage Business News Agency, 03.08.2012, currency market overview and forecast for the week of 6 - August Last week was full of key events, so it is not surprising that the major currency pairs are very volatile. The results of the FOMC meeting and the ECB had a significant impact on the players and the numbers on the labor market in the U.S. in July were the culmination of a decent working five days. For the most part, the outcome of each event coincided with forecasts, but there were surprises that prepared the market itself. For example, a sudden sharp appreciation of risky assets on the news about the rest unchanged rate of the European Central Bank has left the majority of traders are at a loss.

So, opening the week at 1,2301, EUR / USD during the first three days was kept under 80 point range 1,2240-1,2320, and then came under pressure at idle FOMC, having gone to the area of 1.2220. On Thursday, when it became known that the rate remained the same, the European currency has pulled in a weekly maximum of 1.2411, but the comments Draghi put everything in its place - has been achieved at least a week at 1.2133. The pressure on the euro has been increasing again after the sudden good data on the labor market in the U.S. in July. Later in the afternoon on Friday, EUR / USD tried to consolidate above 1.2300.

GBP / USD pair for the entire week was in a downtrend, is gradually breaking through support for further assistance. She opened the week at 1.5735 and gradually broke through the intermediate support 1.5670 and 1.56, came under pressure after the announcement of the decision FOMC. However, at the close of the sterling and again lost his position closer to the end of the week, trying to consolidate above 1.5550, but not very successfully.

USD / JPY behaved more cautiously in the week, adhering to a range 77,95-78,50 and ignoring the events in Europe. The only thing that made an impression on the bidders, so the decision to abstain from the FOMC further stimulate the economy in the near future. At this news the price reached a week high of 78.52, entrenched in an hour for 50 points.

The AUD / USD this week had behaved cautiously, keeping the range 1.0440 - 1.0540.

Positive news from China and Australia could not convince her to continue to strengthen the area of 1,0600. However, the weekly maximum of 1.0577 yet been made on the solution at the rate of the ECB. On the positive data from the U.S. Japanese currency has responded by a sharp weakening, losing about 50 basis points.

Forecast for week 6 - August In the coming week is not scheduled to release significant macroeconomic statistics that could have a material effect on the position of the U.S. currency. Market participants will digest data on the index of business optimism and the labor market of the United States. The results of the last meeting of the U.S. Federal Reserve, published on 31 July, the dollar strengthened somewhat, since monetary policy committee has not made significant changes to the official final statement and the likelihood of the announcement of the implementation of the third round of quantitative easing in the next meeting is currently estimated at a much lower than the previous week.

The EUR / USD also has a good chance to spend quite a quiet week, which is not scheduled to release significant macroeconomic statistics or important events. However, in light of heightened after July 31 of the U.S. dollar, as well as the absence of widely expected following a meeting of the ECB statements on the intervention of governments in the bond News Coverage markets of Spain and Italy, the European currency may continue to decline in the annual minimum area of 1.2040. The only factor that can support the euro, we see the increase in appetite for risky assets, which can be formed after the release of good data on the labor market in the U.S. in July.

Bidders for the GBP / USD pair will expect the data on the volume of industrial production in July (August 7, 1230 Moscow time) and the traditional quarterly report of the Bank of England (August 8, 1230 Moscow time). Nevertheless, the pound will continue to correlate with the euro and in case of resumption of the downtrend in EUR / USD pair to the motion for him to be 1.5390.

Australian dollar continues to receive support from macroeconomic statistics and feels very confident. However, if the dollar starts to strengthen its position in the market around the pair AUD / USD will be very difficult to continue an established uptrend and it can be corrected. In this case, it will gradually become attractive for long positions. Especially in the area of support 1.0300. For a pair NZD / USD, traditionally closely linked to the AUD / USD, the same level may be 0.7990. In any case, according to our estimates, and "ausi" and "Kiwi" is not promising for the sales, and much more interesting to search for opportunities to purchase a small "foot".

The Japanese yen has suspended its movement towards 76.00 against the dollar as the parties are afraid of intervention by the regulator. On the night of the 8th to the 9th August the Bank of Japan will announce the results of the next meeting. We do not expect any sign of statements, but admit the possibility of indirect intervention to weaken the yen. At current levels of USD / JPY pair has a certain interest for the discovery of long-term long positions with stops below the annual minimum.

Valery Afanasiev Polhovsky and Allen, GC Analysis FOREX CLUB http://www.abnews.ru/?p=novosti91&news= Business News Agency, 03.08.2012, OIL: Speculators are still looking up On the world oil market on Thursday, August 2, futures quotes are not able to develop an upward rally, becoming the "victim" antiriskovannyh investor sentiment. A barrel of Light Sweet on an urgent Mercantile Exchange NYMEX fell by $ 1.6 to $ 87.27 mark. Price of Brent crude on the ICE electronic Mercantile Exchange closed at $ 0.02 a symbolic red, reaching $ 105.83 a barrel.

According to our observations, the main pressure on the quotes of "black gold" have had the outcome of the ECB meeting, suddenly disappointed investors. In the first half of the trading session, the players bought back contracts with the levels of September 88,70 $ Light, 106 $ Brent, waiting for the optimistic statements from the head of European bank Mario Draghi.

The regulator has kept interest rates at 0.75%, which contributed to the growth of the euro in FOREX, and enhance the dynamics of bovine oil contracts. However, during the press conference, Draghi investors waited for a nasty surprise. Chairman of the Board of the ECB significantly softened the tone of the issue of exit from the debt crisis, saying the unwillingness alone to pour liquidity into the European financial system. The reaction of speculators in these comments was unequivocal: the players rushed to sell risky assets by transferring funds into the dollar as the currency of "safe haven". Futures Light Sweet turned to session highs $ 89.60, after which, weak data on U.S. manufacturing orders (Factory News Coverage orders fell in June from 0.5% to -0.5%) dropped the U.S. benchmark grade to the lows of the day $ 86.92. In turn, North Sea Brent confined to the lower support level of $ 105, where the continued interest in buying due to the presence of geopolitical factors helped to eliminate most of the quotations of the losses.

On Friday, August 3, intense one-week session of "close" the July report on U.S.

employment. According to the consensus forecast of analysts, the world's largest economy will create 100 thousand new jobs in the nonfarm sector. If actual data to find significant differences, the price of oil will be fresh catalyst to growth.

According to our estimates, despite the negative reaction of investors to comments Draghi, oil prices remain the chances for resuming an upward trend. Quotes Light Sweet traded above $ 86.80 Technical support, which allows to calculate the increase to a level of $ 91.

Brent in the current situation has great potential for recovery in the case of a breakthrough level of $ 107 "bull train" will go to the next stop $ 109.

Spartak Sobolev, an analyst at GK FOREX CLUB Business News Agency, 03.08.2012, WORLD MARKETS: The markets traded in different directions after the ECB meeting Global stock indexes moved in different directions after the ECB meeting. We estimate the market for a moderately optimistic and expect a slight increase.

The dynamics of the global stock indicators is ambiguous. ECB meeting and subsequent comments were unable to significantly alter the balance of power in equity markets, although it contributed to a slight increase. As expected, the ECB left its benchmark interest rate at 0.75%. The head of the European Central Bank, Mario Draghi, in turn, announced no plans of action that investors could evaluate positively. However, he noted that in the coming weeks an action plan aimed at reducing the cost of borrowing for Spain and Italy will be developed. In general, investors, although it had expected the ECB to more specific statements, comments appreciated moderately optimistic.

Against this backdrop, U.S. stock indices on the basis of trading on Thursday showed a negative trend. Index Dow Jones Industrial Average fell 0.71% to 12,878.88 points, the S & P 500 lost about the same (0.74%), reaching in 1365 an item while the NASDAQ fell by only 0.36% to the level of 2909.77 points.

Also showed negative dynamics Asian stock indicators. So the Japanese Nikkei index fell by 1.13% to 8555.11 points, while Hong Kong's Hang Seng - all at 0,! 2% to 19,666.18 points. At the same time, the index of Shanghai Stock Exchange (Shanghai Stock Exchange Composite Index) rose by 1.02%, reaching the level of 2132.8 points.

The Russian stock indicators also showed growth. The ruble on the MICEX index rose 0.83% to 1408.65 points, while the RTS dollar - 1.55% to 1376.26 points. Among the top gainers on the Russian market stood out paper steel companies. The lowest growth was demonstrated by paper engineering and telecommunications sectors.

It also showed a positive trend and European stock indicators. The British FTSE index rose 1.52% to 5748.5 points, the French CAC - by 2.71% to reach 3320.19 points, while the German DAX - by 2.49% to reach 6770.5 points.

News Coverage Positive stock market is supported by the data rather optimistic labor market in the United States. Although the unemployment rate and was slightly higher than expected, yet he was in the predicted range. The number of jobs in the nonfarm sector of the U.S. economy was well above the consensus forecast of the median value while also hitting the projected range.

Futures on the Dow Jones index traded in positive territory. Show similar dynamics in the Asian futures indexes. It speaks about the positive mood of investors.

Against this background, we expect a positive opening of trading in the U.S. on Friday, although it does not exclude the sales towards the end of the trading session.

On Monday, we also expect the positive trend in global markets. There were no significant statistical data on Monday will not be published, so, in our opinion, the auction will take place with minimal volatility.

Analytical Department of Civil FOREX CLUB Business News Agency, 03.08.2012, Metal Market quotations of gold and copper declined against the background of frustration on the decisions of the U.S. Federal Reserve and the ECB Earlier this week, gold traded slightly lower, focusing on the currency markets. At the same time, prices remained within a narrow range as investors remained cautious ahead of the next meeting of the U.S. Federal Reserve and the ECB's interest rate, and also evaluated the possibility of additional stimulus from central banks.

However, on Wednesday, August 1 gold quotations were again under pressure, a negative background was caused by the publication of more favorable-than-expected data on the number of jobs in the private sector of the U.S., as well as a statement of the American regulator for new stimulus measures quantitatively the largest economy in the world.

Indeed, according to the reported data rate in July rose to 163.0 million versus estimated 108.0 thousand U.S. Fed Inaction is also disappointed market participants, triggering the growth of the U.S. currency, thereby intensifying the pressure on the quotations of the yellow metal.

The most significant decline in gold is shown Thursday, August 2 against a background of general decline in prices for commodities and commodity assets because of disappointment over the fact that the European regulator has left monetary policy unchanged at its meeting, and introduced new incentives to help help the European economy.

At the end of the week gold was traded mainly with the increase, while market participants are expecting the release of data from the U.S. labor market in July. However, the published positive data on the number of new jobs in the nonfarm sector of the U.S. provoked the sale of gold. As a result, the price of gold for the current week declined by 2.17% to 1587.34 U.S.

dollars per troy ounce.

This week is possible continued decline of gold against a background of continued sluggish physical demand, as well as the anticipated growth in the U.S. currency. Most likely, the News Coverage market will reconsider the decision of central banks, and quotes the yellow metal will fall back to the level of support for 1560.0 U.S. dollars per troy ounce.

Affect the dynamics of the precious metal in the coming week could also scheduled macroeconomic statistics from the U.S. and the eurozone. From the American news is worth paying attention to data on trade balance and the industrial price index for June, as well as figures on the number of applications for unemployment benefits last week. From European news you want to select the publication of data on industrial production in the leading economies in Europe. Weak data on the purchasing managers index (PMI) in this region indicate that the rate is unlikely to please investors.

If the economic statistics will be released from the ocean worse than expected, and the data from the eurozone, contrary to expectations, will be satisfactory, the price of gold may increase. Resistance for gold in the coming week will be the mark of 1615.0 U.S. dollars per troy ounce.

The cost of copper in the futures market this week decreased by 3.35% to 3.3150 U.S. dollars per pound of copper. The reason for this was the disappointment of market participants about the new measures the quantitative stimulation of the U.S. Federal Reserve and the ECB, as well as the appreciation of the U.S. currency. Published by weak data from China also have added optimism to the market of metal, as the share of the Middle Kingdom accounts for about 40% of global copper consumption.

Indeed, the index of purchasing managers in the manufacturing sector in China in July fell to 50.1 vs. 50.2, while many experts expect growth to 50.5.

Meanwhile, sagging stock exchange of the asset on the London Metal Exchange (LME) this week has been supporting quotations red metal.

Dynamics of copper in the coming week will largely depend on the macroeconomic statistics from the U.S., the eurozone and China, as well as the dynamics of the U.S. currency. It is expected that data from the ocean can get a moderately positive, which supports the quotations of copper. In this poor statistics will prevent the growth of the eurozone red metal. Of particular interest to the participants of the market next week will produce preliminary data on foreign trade and industrial production of China in July, as in case of positive data copper can get a substantial boost to growth.

However, if such statistics do not justify the hopes and the U.S. currency will continue to rise, copper may fall in price. Estimated range of volatility of copper futures market in the coming week - 3.23 - 3.40 USD per pound of copper.

Michael Verdyan, an analyst at GK FOREX CLUB Belarusian News, 03/08/2012, Banking napryagutsya for the new crop The largest state-owned banks under the decree of the president will have to increase the amount of loans issued for the purchase of the crop in 2012 to 650 billion rubles. With the availability of funds for these purposes by financial authorities are no problems. However, experts worry that the stuffing into the economy of borrowed money in full (about 3. trillion. Rubles) will affect the rate of inflation.

News Coverage For the purchase of crop production crop in 2012 was initially planned to distribute in the form of loans 2.8 trillion. rubles. The corresponding decree was signed by the head of state in May.

The document provides a mechanism lgotirovaniya loans for the purchase of crop production through the recovery of the organizations interest on loans amounting to half of the refinancing rate set at the date of reimbursement per cent of the national budget. These credits will be issued to December 30, 2012 for a term exceeding one year under the government guarantee in the absence of other forms of support.

The other day the President signed another decree, under which state banks instructed to issue another 650 billion rubles in loans for the purchase of the crop in 2012.

The most significant funds be allocated "Belagroprombank" - 311.75 billion rubles, "Belarusbank" - 307.18 billion rubles. "Belvnesheconombank" to finance the purchase of the crop at 17.07 billion rubles, "Belinvestbank" - at 14 billion rubles.


Terms of these loans were more stringent than the main mass of the credit for the purchase of the crop. According to the document, loans in Belarusian rubles will be granted up to one year for refinancing, increased by no more than 3 percentage points of margin in foreign currency - by 10% per annum.

As explained in the Ministry of Agriculture Naviny.by, such loans are issued annually and are procuring and processing organizations for timely payments to agricultural organizations for the products supplied directly by the state order. By the way, this year another 120 billion rubles will be spent to finance the harvesting of fruits, vegetables, berries and mushrooms (including wild).

Former Assistant Secretary of Agriculture and Food Kazimir Romanovsky convinced that such loans should be issued annually. However, he does not consider lending to support agriculture. "The State shall establish food reserves for food security, that is doing it for themselves", - explained his point of view, Romanovsky.

Meanwhile, in memory at once opened the event two years ago, when regulators found numerous manipulations with just the state grants for the purchase of the crop. For example, a number of bread-baking plants conducted sham transactions to get preferential loan funds and use them for other purposes, including to repay old debts.

Now the authorities more closely monitor the expenditure of funds allocated to the agricultural sector in the framework of state grants.

An increase in lending, does not exclude the Casimir Romanovsky, largely due to higher purchase prices. Recall, back in April, Ministry of Agriculture issued a decree to increase the procurement prices for grains and some cereals harvest in 2012 by an average of 65%. Prices for malting barley will increase by 2.9 times, sugar beet - 2.5 times, rape oilseeds - 3.1 times, buckwheat - by 2.1 times.

The economist Yaroslav Romanchuk, in turn, suggests that in this case a good job agrarian lobby. The expert drew attention to the expected growth in the money supply - the first half of budget revenues amounted to about 43.6% of GDP, while the previously projected at 37.1% of GDP.

News Coverage "The difference of 6.5 percentage points, or about $ 3.5 billion. And this is not some minor errors, but, in my view, the change of government policy to stimulate the economy by all possible means. And if these funds were uzhato through monetary policy, fiscal policy was developed in full. And the authorities have not invented anything new, as just wasting taxpayer money on yet another stimulating economic growth. With regard to agriculture, given the over-fulfillment of budget revenue plan, to give back almost a trillion rubles is not a problem "- says Yaroslav Romanchuk.

Analyst Forex Club of Belarus Valery Polhovsky predicts that if the economy goes all the planned volume of loans, high risk that it will affect the rate of inflation.

However, even if inflation for the year will amount to 30-35%, then, no doubt, Yaroslav Romanchuk, "the authorities will find excuses and reasons to be referenced to external factors and the crisis in the eurozone."

http://naviny.by/rubrics/finance/2012/08/05/ic_articles_114_178720/ Finance.ua, 03.08.2012, Analytical review of the Forex Market For Thursday, August 2, The currency pair EUR / USD finished the trading day on Thursday near 1.2170, GBP / USD 1.5510 in the area.

During yesterday's meeting of the ECB decided to keep interest rates at a record minimum of 0.75%. As analysts FOREX CLUB in Ukraine, on the background of the EUR / USD began to sharp appreciation day high 1.2411. However, the subsequent press conference has put everything in its place: the head of the Central Bank Draghi said that the Board of Governors may consider taking further non-standard measures and implementation of open market operations under the mandate. But this time nothing happened, after which the couple has broken several levels reached a minimum of 1.2133 and retreated to the area at the close of 1.2170.

In GBP / USD was more restrained dynamics. The pair initially peaked at 1.5676, but then followed down to a minimum of 1.5489, completing trades near 1.5500. The construction sector was pleased, showing the growth rate to 50.9 vs. 48.7. A Bank of England, as expected, decided to retain the scope of the program of asset purchases, as the authorities have decided to wait for the effect of the measures already taken to promote and set up credit programs.

USD / JPY trades at 78.40 starting in the middle of the day down 78.12 to a minimum, and then strengthened to 78.20. Economic data from the United States have been mixed:

Challenger layoffs declined slightly, but the number of Americans, last week for the first time filling out the form to receive benefits b / d, increased.

Forecast for Friday, August 3, Dynamics of currency pairs EUR / USD and GBP / USD on Friday may be distorted by layers of sentiment against risky assets. In addition, a role for economic data. From the eurozone PMI market does not expect surprises, and the EUR may well ignore the release. According to News Coverage analysts FOREX CLUB in Ukraine, the UK service sector PMI in may well continue to grow, thereby stimulating a small pullback of GBP / USD 1.5560 region. The output of "non-farm 'reaction will be determined by the extent of market changes and mood. Often the initial reaction rate is diametrically opposed to that observed after a couple of hours.


In the USD / JPY dollar should strengthen. The immediate goal will be the level of 78.60 and then 79.15.

http://news.finance.ua/ru/ ~ / 3/0/all/2012/08/03/ Financial Review, 08/03/2012, experts explain why the dollar is rising and the falling Euro Euro has lost 2.86% The cost of European currencies in the Forex market last month fell by 2.86% to 1.2298.

Earlier this month, the euro became cheaper in the background of expectations of market participants reduce the interest rate the ECB and the final data for the euro zone GDP for the first quarter of 2012. Thus, the ECB has lowered interest rates by 0.25% to 0.75%.

In his comments to the decision of the European regulator Chairman Mario Draghi said the weakness of the eurozone economy, which also added a negative. Published data on the GDP of the eurozone confirmed the zero growth in the first quarter on an annualized basis.

Moreover, the chairman of the European regulator has hinted that eurozone GDP in the second quarter is likely to show a decline.

In addition, increased pressure on the euro good data on employment in the United States.

Thus, the increase of jobs in the U.S. last month amounted to 80,000, while the data for the previous month was revised to improve - from 69 to 77 000.

It is also a negative impact on the euro in July and increased profitability of Spanish bond critical point in the above 7%.

The dollar gained 0.31% The course of the sale of non-cash dollar in Ukraine in July rose by 0.31% to 8.107 UAH. NBU is not officially involved in trading on the interbank market.

Average daily trading volume in U.S. currency last month amounted to 769.8 million, 12.6% fewer than in June.

The average selling rate of the USD during the same period increased by 0.16% to 8.12 USD.

Moderate growth in value of the dollar in July is associated with continued volatility in the global economy, particularly in the eurozone, devaluation and the rise in sentiment in the Ukrainian society.

The average size of the spread of cash transactions with the dollar in Ukraine in July decreased by 0.06% to 0.50%, indicating that the relative stabilization of the currency market in the country.

News Coverage The difference between the average rate of sale of cash and noncash dollar fell 1.2 cent to 1.3 cents.

Portfolio of government bonds owned by nonresidents, in July increased by 11% to 3. billion UAH. This probably occurred on a background location in July of Ukrainian Eurobonds, which increased confidence in Ukraine by foreign investors.

The ruble rose by 2.73% Non-cash selling rate of the ruble in Ukraine in July rose by 2.73% to 0.251 UAH., The average selling rate of cash - by 0.81% to 0.25 USD.

Growth in the value of the ruble against the U.S. dollar and hryvnia caused by the increase in world oil prices during July due to the instability in the Middle East, as well as the expectation of increasing the stimulus from the U.S. Federal Reserve.

Maria Salnikov, expert information and analytical center FOREX CLUB in Ukraine http://www.finobzor.com.ua/kommentarii/nid/21/ Financial Review, 08/03/2012, the Euro in August prosyadet more - Weather In freefall The dynamics of the euro in August, will depend on the macroeconomic news from the eurozone and the U.S.. The main event will be a decision on interest rates by the ECB.

Probably, the rate will remain unchanged at 0.75%. President of the ECB is likely to hint at the possibility of a third round of stimulation, the so-called LTRO, which may support the euro.

The positive impact of the euro in August may have news from the rating agency S & P, which appeared on August 1, the preservation of Germany's rating at 'AAA/A-1 +' with stable outlook. After the U.S. Federal Reserve meeting on interest rates July 31 Chairman Ben Bernanke said that if necessary, the regulator may impose additional mitigation of the economy, which will also support the euro. From the news, which could put pressure on the euro is to provide a likely increase in the number of employed non-farm sector of the U.S. in July.

It is expected that the show will increase by 120 thousand against 80 thousand in June. The unemployment rate in the euro area in July was 11.2%, which is the highest figure since 1995. This confirms the deterioration of the macroeconomic situation in the euro area, and will also put pressure on the European currency.

The expected range of fluctuations in the euro on the Forex market in July - 1,1850-1,2600.

In Ukraine, in this case with a stable dollar exchange rate average selling rate of euro cash will be located within the boundaries of 9,70-10,31 USD.

The chances of strengthening The non-cash and cash dollar in Ukraine in August may slightly increase. However, this growth is likely to be negligible. The reasons for reducing the cost of hryvnia could become News Coverage Ukraine's balance of payments deficit during the crisis in the euro area and slowing global economy. Growth devaluation sentiment in the community lately, and increase liquidity in the domestic banking system and will not be on the side of the hryvnia.

Some support hryvnia could have is that during the holidays people mostly spend the accumulated foreign currency, and increases the volume of supply of currency. In addition, to support the hryvnia could ECB chairman's statement about the beginning of a new program of quantitative easing, the economy - the third LTRO.Prognozny range of the average exchange rate fluctuations in cash dollar sales in Ukraine in August - 8,115-8, UAH.

Under pressure The cost of the Russian currency in Ukraine in August, will depend on the dynamics of the U.S. currency on the international market. Support of the Russian ruble may make the statement of the ECB's Mario Draghi on new measures to stimulate the economy and the euro area-specific ways out of the country's debt crisis.

Also support the ruble may rise in oil prices on the world stage due to the pending stimulus package from the U.S. and political instability in the Middle East. The pressure on the ruble may have the following events: lowering the credit rating of Cyprus by S & P August 1 to «BB +» to «BB» with a negative outlook, the publication of data on employment in the nonfarm sector of the U.S. in July.

In case of increase in the rate of unemployment higher than the existing eurozone 11.2%, the Russian currency will also be under pressure. Expected range of fluctuations in average selling rate of the ruble cash in Ukraine in August - 0,24-0,26 UAH.

Maria Salnikov, expert information and analytical center FOREX CLUB in Ukraine http://www.finobzor.com.ua/prognozi/nid/34/ Masterforex-V, 03.08.2012, Traders: Copper is sensitive to the statistics on China News of the exchange. Fundamental analysis. Copper futures this week sank to the level of 3.35% at $ 3.3150 / lb. This was due to frustration of market participants are about the new steps to stimulate quantifiable by the U.S. Federal Reserve and European Central Bank, as well as the strengthening U.S. dollar. Poor statistics released by China also contributed to the optimism of investors, the metals market, as China accounted for about 40% of the total consumption of copper in the world - said department analysts SC Forex Club, located in the premier league ranking forex brokers Academy Masterforex-V.

Indeed, the rate of purchasing managers index in the manufacturing of the Middle Kingdom in July recorded a reduction of about 50.2 to 50.1, while many analysts predicted an increase to the level of 50.5. Meanwhile, the stock market crashed this supply of the asset at the London Metal Exchange this week quotes maintained the red metal.

The dynamics of stock of copper in the coming week, analysts said the company will be dependent on macro-economic statistics for the United States, the euro zone and China.

Also, it will affect the dynamics of the dollar on the Forex. It is predicted that the statistics of the U.S. can get a moderately positive, which supports the copper. At the same time dull News Coverage statistics of the euro area will put pressure on the growth of the metal. The focus of the market in the coming week will be focused on the preliminary data on foreign trade and industrial production of China in the past month, since if there are positive lead, copper could get a good impetus for the capacity.

However, if the economic indicators do not justify the hopes, the dollar will continue to grow, copper may fall. Probable corridor volatility of the metal at the upcoming week - 3,23 3,40 bucks a pound.

http://www.masterforex-v.org/analytics_forecasts_forex_exchange/entry10009212.html Masterforex-V, 03.08.2012, Oil Market: speech Draghi has caused the flight from risk News of the exchange. Yesterday the oil market could not continue upward rally, fell victim to antiriskovogo investor sentiment. Quotes barrel mark Light Sweet on NYMEX dipped $ 1. to $ 87.27. Brent crude on the ICE showed at the close of the symbolic minus $ 0.02, to $ 105.83 per barrel, analysts told the broker Forex Club (Forex club), included in the rating forex brokers Academy Masterforex-V.

According to the observations, the main pressure on the oil futures have the results of the meeting of the European regulator, unexpectedly caused disappointment of investors. In the first part of the trading session, investors were buying contracts in September to $ 88. stamps and $ 106 for Light and Brent, respectively, in anticipation of positive statements from the chairman of the ECB M. Draghi. The European regulator upheld a discount rate of 0.75% m elevation, which was the cause of recovery of the euro in the forex and increase the growing dynamics of the oil contracts.

However, at a press conference President of the ECB investors expect a nasty surprise.

Draghi significantly softened the tone of the decision regarding the issue of exit block of the current crisis. He said the lack of willingness to single injections of liquidity into the European Union finsistemu. Speculators have responded clearly to the question Draghi: a rapid sale of risky assets, the funds were transferred to the dollar.

Oil futures in the medium term remains downward correctional movement - experts explain the faculty teaching online trading system Masterforex-V - the wave c (C) or a (C) down, but could not gain a foothold under the strong level of support - 38.2% Fibonacci - 87.11 forming thus a classic figure of the "triple bottom". In the case of penetration and retention at this level, is expected to fall to the next level - 50% - 85.22. And in the case of penetration of MF pivot and MF sloping channel (see chart), you can talk about the continued growth of oil.



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