August in USA ended on a bear note

On Friday, 30th of August, the stock market of the United States finished trading session with a moderate decrease of all main indexes. The last trading day of August passed the same way as the whole month - August loss of the Standard & Poor's 500 index declared maximum monthly loss since May of last year. Possible invasion of the western forces to Syria has been main discussed question. We will remind that the USA lost one of allies in respect of invasion into this hot spot, parliament of Great Britain made the decision against military operation in Syria. The United States during the day didn't make a final decision of further actions, though the American intelligence services have sufficient proofs of use of the chemical weapon by a ruling mode of Syria.

Following the results of trading session the indicator of blue chips - Dow Jones Industrial Average went down on 30,64 points to level of 14810,31 points, the index of the wide market Standard & Poor's 500 decreased by 0,32%% to a level of 1632,97 points, and the index of high-tech industries -  Nasdaq Composite went to a minus 0,84%% and reached a level of 3589,87 points.

In the commodity market, October futures for NYMEX fell in price for 0,5%% to level of $107,65 for barrel; gold with delivery in December on COMEX fell in the price by 0,8%% to level of $1396,1 for troy ounce.

This week there will be many events which can affect dynamics of the market. Press conference of the head of European Central Bank - Mr. Dragi, the two-day summit G-20 in St. Petersburg, the report on employment for August in the USA. Today was announced an index of production activity in China for August (final) from HSBC-bank - growth to 51,0 in comparison with 50,3 in July is recorded. The Chinese governmental data which were issued a week ago, also showed growth of production activity. It is a little strange that the Chinese share index doesn't grow, but indexes of Hong Kong and Japan on the contrary show rapid growth.

From the European regulator changes in a monetary policy are not expected this time. The macroeconomic statistics from the Eurozone began to improve recently, and the main bank of the Eurozone has possibility to take a break. However Mario Dragi's traditional press conference will be object of close attention. The head of European Central Bank made more than once the sharp statements considerably influencing dynamics of EUR/USD, and therefore we recommend to be during this period out of the market and to watch development of events from outside.

From the point of view of the technical analysis of EUR/USD pair, it made an attempt to change settled ascending trend since the beginning of July. For overcoming level of 1,34, it doesn't have enough fundamental preconditions and if Mario Dragi will not provide them, it can test support on 1,3140.

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