Sunday, August 22, 2010

Currency: surprises are not expected


The currency trading on the MICEX we expect the continuation of the lateral dynamics of currency pairs the euro / dollar and the euro / ruble, - says analyst NETTRADER.ru Alexander Babaykin. - Additional effect may be able to bid in FOREX, in the event of a pair of euro / dollar for the levels of local resistance. World oil prices also are not yet a special driver for the growth or decline of the dollar against the ruble, while staying in the lateral dynamics in the level of $ 75 per barrel mark Brent. In the course of quoted rates can seriously affect statistics on unemployment in Germany and the U.S., if would be better or worse than expected.
Currency trading on Wednesday passed a lateral move, as the dollar and the euro - dollar exchange rate on the day amounted to 30.2385 rubles, having lost about 0,15 penny. The euro exchange rate at the Unified Trading Session fell 1.9 cent to $ 39.3060 on the day. During the day, either in euro or a dollar there has been no price bursts, and were assigned current local support - for Euro 39,3 rubles., 30.2 rubles to the dollar. In currency trading in the calculations "tomorrow" euro rose slightly against the closure on Tuesday, adding to the total days 0,5 dime. Dollar also rose 6.48 cent, to close at a mark 30.2598 rbl. Currency basket was closed on a mark 34.3279 rbl., Resulting entrenched at 3.79 kopeks.
In bidding for a pair of euro / dollar in the FOREX market yesterday continued lateral dynamics. The key level for such movement remains a mark of $ 1,3, trading range is placed between the levels of $ 1,297 and $ 1,304. Closing took place yesterday at $ 1.2979. To date, we can observe the trades for the currency pair at $ 1,301. From the opening day of the currency pair was under the key level of $ 1,3, then started to grow.
Perhaps in today's auction, we can see yet another volatile session, with the achievement of local resistance in the $ 1,304, and with a reverse roll back down. However, we do not exclude the probability of a breakthrough of the local resistance and output to levels of $ 1,31-1,32. From the macroeconomic statistics, we expect today publication of data on unemployment in Germany in July, as well as the number of applications for unemployment benefits with the U.S. for a week until July 24.

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