Market Overview

On Monday, the dollar rose on concerns about the weakness of the U.S. banking sector due to news of a possible increase to 40 per cent share of the state in Citigroup. On Tuesday, «green» lost its achievements against key European currencies but rose against the Japanese yen. The Japanese yen has fallen against all currencies. This contributed to a breakthrough as a technically important level in the pair dollar / Yen and the burst stop orders, and the growth of the stock market. On Wednesday, the dollar rose again on the decline wants to risk it. All grown up prior to the «green» currency fell after the stock markets. At the same time, the growth of pair dollar / yen has continued. On Thursday, U.S. data on durable goods orders came out worse than predicted values. Moreover, previous data have been revised downward. Sales in the primary housing market showed more than desyatiprotsentnoe decline. This resulted in a decline in stock markets. Despite this, the Japanese yen continued its decline in second against the U.S. dollar. On Friday, could be observed before the consolidation of couples. If in the early days of «green» bought up for the weakness of the stock indices and the decision to support one of the largest banks in the U.S., then in the second half of the day followed by reverse movement after the publication of the GDP of America for the fourth quarter. Yen was able to gain a few positions due to the closure of the last day of the month on a fixed income. Thus, last week, the major pairs, except for the dollar / yen, moving in the frames of consolidation. A pair of the same dollar / yen has grown, the sample, the major resistance levels.
 
This week, expect a lot of interesting publications, among which are: indicators of economic activity in the EU and the U.S., the cost of construction in America, and retail sales in the EU, decisions on rates in England, the ECB and the labor market in the states. It should be noted that the current trend deterioration of the economies of developed countries have not yet been questioned. However, that five days is very interesting recent statistics already in 2009. Started counting the first quarter GDP. And if there are any hints of stabilization of the state's largest economies, we can make the first assessment. Note that the new negative only support movement in the direction of «quiet haven», which has a clear green color. In addition, players will await the results of meetings of central banks of England and the euro. Although ryki have to take into account the decline in the next ECB's key rate and saving rate the Bank of England will wait until all applications on the next steps regulators. If a ommentariev again no, or they will re-general (the players want to learn about other active steps in addition to the Central Bank changes the key rate), it will have pressure on European currencies. On this down until the markets do not get the arguments for buying the dollar competitors, so the movement of the week can save vyaluyu activity of the dominance of «green», if not unexpected news. Friday may be one of the most controversial days of the week, and interesting in terms of speculation.