Market overview
 

14/07/10

Gold goes up and after the US session opening the metal reaches the highest level of $1 218.

YEN comes down against EUR and USD with regards to the growth of American companies

15.07.10
 

The Chinese Data published this morning have been provoked the new wave of risk appetite on market. According to this fact European currencies strengthen against USD.
Today in the morning EUR/USD is in a consolidation position forming its today

16.07.10
 

USD/YEN is keeping its descending movement and today the pair is near to reach the lowest level of this year.
EUR/USD during the Asian session fixed a new maximum at the level of $1.2958.
Today the microeconomic data will be very important for all market participants. Economists expect that consumer price index in June will increase 0.1 % against last month.

20.07.10
 

During the European session the Euro is up and has started to test the new stress area of the 1.3000 level.
GBP today is under the influence of the financial figures therefore the currency pending the data.
As for Asian trade the USD and JPY fall against the main currencies.

21.07.10
 

Before Ben Bernanke comments USD fell against JPY during the Asian session.

USD will go down to the level of 86.00 if the expectations regarding recovery of the US economy are weak.

According to the economists data the growth of US Gross Domestic Product expects to be 3 % till 2012.

EURO, GBP and USD trade in the same way against each other but they dropped considerably against JPY.

EURO will be under pressure this week till the results of banks

22.07.10
 

The most of Asian stocks today trade in downside according to the pessimistic comments of Ben Bernanke regarding economic perspectives of US economy.

Ben Bernanke

23.07.10
 

Stress tests results will be published today. It will be an analysis of 91 banks in the European territory and these results should calm down investors regarding the state of the European financial sector. The time of event is 17 pm GMT.

Due to waiting for these results EURO drops against USD during the European session.

Bernanke urged the legislators to reduce the Federal budgeted deficit in medium-term period. He said that it

27.07.10
 

YEN and USD grew up due to the consolidation of Asian stock market indexes.

If other stock markets go up, EURO may continue the uptrend.

The positive results of

28.07.10
 

Yesterday in the evening EUR/USD fixed new maximum and this fact stopped all attempts of EURO to continue its growth. So the uptrend of EUR/USD is failing little by little.

GBP/YEN trades next to the six-week peaks and it draw investors

29.07.10
 

It

30.07.10
 

With regards to the data of Centre for Economic Policy Research and the Central Bank of Italy, the indicator EuroCoin in July fell from 0.46 to 0.40. The indicator is decreasing 4 months running. And it testifies deceleration of the economic growth rate.

Parliament of Italy approved assigning a sum of $ 440 billion and 575 billion euros on creation of the Support Fund for the countries with high national debt.

The prices of OIL and oil products grew against USD. The USD weakness is pushing up the Oil prices.

EUR/USD dropped today because of markets feverishness.

USD/YEN decreases due to unfavorable situation on Asian markets.

03.08.10
 

EURO continues up;
1.3150 against USD.

USD loses against
most currencies.

Fires in Russia give boost
to agricultural commodities.

Crude oil jumps 5 %
and reaches USD 53,50.

05.08.10
 

Yen reaches highest level
towards USD in 15 years

EURO stabilizes on 1,3150
against USD.

GBP continues up.
Oil stays above USD 82

06.08.10
 

Yen reaches new records
against USD.

EURO/USD stabilizes
around 1.32.

Wheat prices jump on
Russian heat crisis.

Oil stays on USD 82

great least its not going down
:)

09.08.10
 

Weak employment numbers
leads to continued USD weakness.

Strong YEN hit by slower
Japanese export in July

Oil steady abover USD 80;
Gold and silver increase

10.08.10
 

USD and Yen strengthen
on speculation of
slower economic recovery

Strong Chinese export and
import figures for July

Oil stable on 80 - 81.
Gold stays on 1200

11.08.10
 

US Federal Reserve
confirms economic slowdown.

New fears for double dip
recession hit markets

Oil below USD 80.
Yen reaches new highs

12.08.10
 

EURO falls 2 %
towards USD

Oil prices fall on
weaker US growth

New turmoil and
market uncertainties

13.08.10
 

Yen looses from
15 years high

Export concerns
lead to strong
political pressure

Gold climbs as
market volatility
increases

16.08.10
 

China overtakes Japan
as second biggest
world economy

Euro slightly up
against USD - 1.28.

Gold continues to
climb reaches 1220

17.08.10
 

China reduces US-
treasury exposure

Leads to weaker USD:
Euro and Yen strengthened

Gold back as "safe" haven
reaches USD 1223

18.08.10
 

YEN continues to
demonstrate strength

USD strengthened
towards EURO and GBP

Gold at six weeks high.
Oil at $ 75 - 76 level

thats no suprise with now China is been developing and will only grow

19.08.10
 

Concerns on European slow
down weakens EURO

Speculation on Central Bank
intervention for weaker YEN

Gold stays on 1225
Oil stabilizes on USD 75 - 76

20.08.10
 

Uncertainties continue to
dominate currency markets

Commodities hit by
slowing economy

Gold seen as safe
haven reaches $ 1232

oh great more uncertainties
the slowing economy is not good

24.08.10
 

The British government plans on reducing their expenses expose to danger GBP exchange rate.

Analysts of exchange market have a pessimistic mood regarding GBP.

USD/JPY fell to 84.20 because of Japanese speculators who organize the massive selling of the pair.

EUR/USD falls back from the August’s high and reaches the 6-week low (1.2605).

25.08.10
 

Stock markets plunge
on US housing datas

Oil prices down to
USD 71

Gold and USD again
seen as "safe" havens

26.08.10
 

Nervous markets fear
double dip recession

EURO/USD stabilizes
on 1,27

Gold and silver
sky-rocket

27.08.10
 

World central bankers
to discuss growth and
currency perspectives

US and EU differ on
strategy and outlook

Oil recovers slightly
Gold stays strong

30.08.10
 

Japanese Central Bank pumps
100 trillion YEN into system
in effort to weaken currency

Asian markets soar in
expectation of weaker YEN

Australian Dollar strengthens

OIL prices back
on USD 75 level

31.08.10
 

Today Asian markets fall because of Japanese stocks which were at new 16-month low. Investors are anxious about influence of the yen on the Japanese economy.

In Asia the EURO and the USD fall against the YEN.

Today the EUR/USD pair demonstrates a positive way. The session

01.09.10
 

The USD dropped against the major currencies as a result of the ADP's data.

The oil continues its uptrend: the oil prices were supported by the news from the US private sector enterprises which discharged 10.000 workers in August.

The same situation is with gold prices. The figures of private sector in the US supported the gold growth.

In investors opinions the Yen will stand strong during whole week.

China

03.09.10
 

During this year Asian currencies were increasing against The US dollar because the actual economic situation supported purchasing of risky assets. Now Asian officials are going to step in to control their strong currencies.
The unemployment data supported the Gold as a

06.09.10
 

Better US job numbers
create new optimism

Double dip recession
seems to be avoided

Gold climbs to all
time high USD 1249

EURO strengthens
towards USD: 1,30

07.09.10
 

YEN continues
strengthening

Bank of Japan decides
to not intervene

EURO weakens on
banking rumours

08.09.10
 

The Japanese economy shows signs of gradual recovery.

YEN rallies to 15 years high against USD.

Gold breaks new records and reaches USD 1259.

Turbulence continues with falling Asian markets due to the strong YEN.

Today the Federal Reserve will publish its report on current economic conditions (Beige Book).

13.09.10
 

Week is starting with markets soaring in Asia.

Today the Euro increased according to the positive China

14.09.10
 

The Japanese currency hits again a new high against the dollar. Today has been registered the lowest USD level (83.05) against the Yen since 1995.
The US retail sales figures in August increased: July