Further movement in the markets will depend from the FRS decision on Wednesday

On Friday, September 13, the trading session in stock markets of the USA was influenced by a number of the macroeconomic data which have reflected changes in a consumer spirit of Americans.

Statistical data was of mixed character. The greatest disappointment was brought by a preliminary index of consumer confidence of Michigan University which in September fell to the minimum level since April, to 76.8 points from 82.1 points in August. The retails showing incensement the 5th month in a row, in August increased by 0.2%%, having conceded to more optimistic forecast of analysts of 0.5%%.

Contradictory and generally the adverse macroeconomic statistics was apprehended by investors quite quietly, as not too convincing results of recovery of the American economy can play constraining role in intentions of FRS to reduce scales of financial stimulation at meeting on monetary policy. Seems, that stock markets, reconciled and already in a certain degree won back the future gradual turning of the program of "quantitative easing" - QE3. Now the main issue for the investors is when actually the QE3 will be closed and how strongly the program will be cut down. According to poll of leading economists by Bloomberg news agency, the majority of them considers that the decision on this question will be made during the coming meeting of FRS and the volume of financial injections will be cut down on 10 billion dollars.

Whole previous week the American dollar appeared to be under pressure and finished trading week around level of 1.3280, this week EUR/USD pair started trading on the level 1.3353 and now traded on a level 1.3070. Depending from the news background coming from FRS meeting, currency pair can try the resistance level on 1.3460, in case of decrease in quotations - the closest level of support there is a level 1,31.

As for the commodity market, there oil loses in prices in connection with certain weakening of confrontation concerning Syria and against unfavorable American data on retails and consumer confidence that strengthened concern in relation to prospects of demand for energy carriers. In comparison with closing price on last Friday, oil made a loss of 2.1%%. This morning, Brent is traded on a price of 110.58$ per barrel and Light is on 106.44$. Gold is 1.26%% up at 1325.09$, silver increasing for 0.76%%.


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