Last night, the leader of democrats in the Senate, Harry Reid declared that essential progress in the solution of a budgetary question now is observed and the agreement between the parties can be reached within the next few 24 hours.
However it is still reported that to reach the agreement on two main points is still not possible, namely terms of increase of a ceiling of debt and financing of the bill of renewal of activity of the government are still discussed.
The trading session in the USA finished with Dow Jones increasing for 0.42%% reaching level of 15301,26 points, S&P 500 increased for 0,41%% traded on a level of 1710,14 points and Nasdaq reached 3815,28 having added 0,61%%. Trading session in Asia passes with a growth of the main indexes against positive expectations under the budget of the USA is observed.
The price of oil futures of Light brand this morning is falling for 0,26%% traded on a price of 102,20$ per barrel, Brent is also decreasing for 0,26%% traded on a price of 109,95$ per barrel. Gold and silver continue to loose in price, gold is traded on a price of 1268,79$ per troy ounce losing more than 0,61%%. Silver is down for 1,16%% traded on a price of 21,11$ per troy ounce.
As to the currency market, then if yesterday we observed decline in demand for US dollar, it doesn't mean that today the situation will continue to be the same. The market actually up to the end doesn't believe that the American authorities will bring the matter to a default therefore after correction of positions on Monday, currency pairs can fall into a consolidation mode up to the announcement of the agreement or approaches on October 17. Today economic releases from Europe can influence trading dynamics of the currency pairs. The Eurozone will publish the report on business moods from ZEW institute in Germany.
As for time being, EUR/USD currency pair bargains around level of 1,3559.
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