Wednesday, 28 September 2011

Euro again under the pressure of news - "FOREX MMCIS group"

On September, 26th, 2011 11:09
Past Friday the situation with risk on Forex has not changed, and highly remunerative tools did not use special demand. On the agenda again there was a question of the Greek sovereign debt as agency Moody "s has informed on decrease in a rating of several banks of Greece at once on two steps successively, make comments in analytical department" FOREX MMCIS group ".

Besides, representatives of the power have seriously started talking about probability of a default of the country. In the Greek mass-media there were messages that the government is adjusted is pessimistic enough, and two variants of succession of events are at present considered. It will be either a spontaneous default, or supervised — with refusal of 50 % of obligations under state bonds.


In this connection the European currency still cannot get rid of bearish pressure. The euro/dollar pair bargained in "a lateral" range, mainly with fall of the European. Attempts to become stronger have led currency pair to an intraday maximum at level 1,3567, but to be fixed on this mark to it it was not possible. The auctions were closed at level 1,3498.

Analysts "FOREX MMCIS group" have noticed that the news background of the European region partly became the reason of decrease in uniform currency. So, according to National bank of Belgium, in September the index of moods in business circles of the country has fallen to a minus 9,4 points while analysts assumed that value will decrease to a minus 8,9. Month before an indicator made a minus 7,8.

Against an event Forex of analytics of the company «FOREX MMCIS group» do not assume essential changes in a trend direction. Most likely, currency pair of euro/dollar will continue falling, and level 1,3386 becomes the technical purpose on its way. If the pair manages to punch this mark, probably further decrease in a direction to 1,3250.

As will pass the first day of new week on Forex, we learn following the results of the basic trading sessions. Among macropublications of Monday it is necessary to note the indicator of conditions of the business environment from IFO to Germany, and also habitation sales volume in the primary market in the USA.



/FOREX MMCIS group/

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