Jumat, 20 September 2013

DAILY ANALYSIS FOR 20.09, 2013


Asian and European trading sessions:

U.S. Dollar: The U.S. dollar index fell to its a seven-month low to 80 mark, after the Federal Reserve decided to leave interest rates at the current level of 0.25 %, and keep the size of the monthly program of asset purchases at the previous level of $ 85 billion. The authorities found it necessary to wait for the new signs of steady improvement in the economy.


Japanese Yen: After the Ministry of Finance of Japan stated at the publication of the Government's report on the trade balance of the country that the trade deficit decreased to ?960 billion y ($ 9.8 billion) in August, while analysts expected a rise in the deficit to ?1,100 billion the yen continued to fall against all major currencies after. The USD / JPY pair rose to Y99.0 area.

New Zealand Dollar: The New Zealand dollar rose after a report published today gross domestic product report for the second quarter showed an increase by 2.5 %, exceeding the average forecast of analysts, who expected to see growth of 2.3%.

Swiss franc: The Swiss franc rose slightly against the dollar amid the release of economic forecasts SECO. The State Secretariat for Economic Affairs (SECO) on Thursday cited the increase in domestic demand and raised its economic forecast for Switzerland for 2013 and 2014,
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American trading session:


U.S. Dollar: The U.S. dollar rose slightly against its competitors after data on the labor market and U.S. housing, which were announced by the Department of Labor, showed that at the end of last week, the week ending September 14, the number of American workers who first applied for unemployment benefits rose slightly, increasing by 15K people, and reaching a level of 309K. The result was significantly better than the forecasts of experts who had expected growth to 323K from 292K, which was originally reported last month.

British Pound:  The pound fell markedly against the dollar, which in the first place was due to the publication from the Office for National Statistics of the weak performance on Britain. As it was shown by data, at the end of last month the amount of UK retail sales unexpectedly contracted due to marked decline in sales in food stores. According to the report, in a monthly basis, retail sales including automotive fuel, fell last month to 0.9%, while experts averaged this value by growth by 0.5%. Also, the data showed that sales excluding automotive fuel fell 1 percent after rising by 1.2% in July, while economists forecasted that they will remain unchanged.

Gold: The cost of the October gold futures on COMEX today rose to $ 1375.80 per ounce. The prices rose after the U.S. Federal Reserve decided to leave unchanged its program of bonds purchasing. A promise of continuing pursuing a policy of "cheap money” has increased the demand for the precious metal.

Oil:  The cost of WTI oil brand fell for the fourth time in five days after the oil production in Libya has increased and President of Syria Bashar al-Assad said that Syria will provide information about its chemical weapons. The cost of the October futures fell to $ 107.00 a barrel on the NYMEX.

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