2013/10/29

The dollar continues insignificant strengthening

On Monday, October 28, the stock market of the United States finished trading session almost next to the zero levels. Following the results of the trading session - the indicator of blue chips of Dow Jones Industrial Average went down on 0,01%% to the level of 15568,93 points, the index of the wide market Standard & Poor's 500 increased by 0,13%% to a level of 1762,11 points, and the index of high-tech industries of Nasdaq Composite went to a minus for 0,08%% and reached a level of 3940,13 points. It is quite interesting that the index of the wide market Standard & Poor's 500 is on a way to have the most advantageous year in a decade.

As for the macroeconomic statistics published yesterday, the data on industrial production for September increased by 0,6%% at average forecasts of growth for 0,4%%. However it is impossible to tell that this fact influenced behaviour of investors - all are absorbed by thought that in any case October events removed the beginning of turning of QE till the next year.

In the commodity market futures for Brent are losing this morning 0,48%% traded on a price of 109,09$ per barrel, Light is down to 98,35$ per barrel having decreased for 0,33%%. Gold and silver are up for 0,14%% and 0,18%% accordingly traded on a 1354,02$ and 22,58$ per troy ounce.

The trading in the currency market at opening of week proceeded rather quietly. Publication of the retails of the USA will become the main influencing factor for EUR/USD today. Despite a delay in the publication, it will be interesting to see at what level there was a consumer demand directly before a political play. If the indicator will be quite weak, it will become one more reason for purchase. Pair can break a record of recently reached 2-year maximum on a level of 1,3831 and direct to the area of 1,3870 – level which we have seen last time in November, 2011.


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