The markets are captured by a wave of profit taking

Tuesday’s trading session ended in a red zone. Investors are gradually preparing for two key events of the current week – statistical data on retail sales and the protocol of last meeting of FOMC. That is interesting, results can have multidirectional impact on the direction of dollar and it is not clear which of releases will have bigger influence.

The last report on retails showed decrease in a consumer demand, many aspects confirm that this time markets also can be disappointed. Already published reports of Redbook on activity of buyers in shopping centers showed that sales "go with a scratch", and retailers should fight for each buyer. Researches of Bloomberg agency already prophesy that the current season of purchases can become the most low-active since 2009. So, if data on retails is going to be really weak, even a positive spirit of representatives of FOMC within the last meeting won't be able to return belief in USD.

Meanwhile, euro won’t be able to use situation with the weakening dollar for it’s best, if the PMI and IFO data will also confirm that growth rates in the largest economic system of Europe quite decreased, which we have seen from the published yesterday business moods. If about same tell PMI and IFO data, couple should give everything earned lately.  As for today, the closest level to break is based on the area of 1,3550, the next purpose is located in the field of 1,3590.

If to go back to the American session, then following the results of the trading session the indicator of "blue chips" the Dow Jones Industrial Average index was closed in 0,06%% minus on a level 15967,03 points, the index of the wide market S&P 500 went down for 0,20%% to level of 1787,87 points, and the index of the hi-tech companies Nasdaq receded for 0,44%% to a level of 3919,92 points.

Prices of commodities in the commodity market remains to be weak. Brent is on 107,11$ per barrel, WTI on 94,21$ per barrel; gaining 0,17%% and 0,34%% accordingly. Gold is flat on 1273,53$ per troy ounce, silver is increasing for 0,35%% traded on a level of 20,40$.  Since the beginning of year quotations of oil fell on 4%%, gold on 24%%, silver on 33%%, platinum on 8%%. Prices can be restored only if the world economy is going to lift up, and not the solution of the Chinese plenum on reforming of economy. Results of reforms will be shown only in years, and now, for example oil lowering factors are restoration of export of oil from Libya and a possible exit of oil from Iran to the world markets as a result of weakening of sanctions.

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