Review American and Asian session 05.03.2008

Review American and Asian session 05.03.2008

Currency market in anticipation of important data on the United States.

FOREX:

On Tuesday at the session of the American dollar bargained in limited ranges, in the absence of important economic data for the United States.

Courses euro and the pound traded threads, while the franc and the yen repeat the dynamics of American stock indexes.

Speeches of American officials did not affect the dynamics of bidding. However, some statements attract attention. - Dallas Fed President Fischer expressed his concern that lower interest rates could have negative consequences, as well as inflation would not be restrained, when the economy begins to recovery. In such an eventuality the Fed will be in a difficult situation.

Pressure on the dollar this week may continue, as well as data on the United States may reiterate the situation in the United States. The key to the dollar before the end of the week will be data on the labour market, where weakness in the dollar will continue to fall.

At the Asian session rates of the major currencies traded in narrow ranges. At the time of writing the euro rate against the dollar negotiate with a mark of 1.5195. Pound against the dollar negotiate with the level of 1.9850. Para dollar / CIOC franc at around 1.0390. Para dollar / yen level from 103.45 CIOC.

At the European session at 12:00 and 12:30 Moscow time will be published on business activity in the service sector for the month of February in Europe and the UK. Later, at 13:00 Moscow time will be submitted data on retail sales in January in the Eurozone. According to the forecasts of economists activity in the service sector improved in the Eurozone, and in Britain fell slightly. Sales are projected to have increased in the Eurozone January compared with December, but the annual growth slowed.

Against the backdrop of expectations of mixed data auction will be held threads. Also on today's dollars are more important for market participants, in connection with the movement aimed at European auction might not.

At the European trading session of the average range for EURUSD pair is between levels 1.5180 - 1.5245.

Para euro against the dollar on American session CIOC threads.

Indicator in the neutral zone, the European pair session will be traded in a range of possible growth.

At the European trading session of the average range for the pair GBPUSD between levels is 1.9810 - 1.9885.

Para pound against the American dollar at the session CIOC threads.

Indicator in the neutral zone, the European pair session will be traded in a range of possible growth.

At the European trading session of the average range for USDCHF pair is between levels 1.0350 - 1.0400.

Para dollar / franc on American session CIOC threads.

Indicator in the neutral zone, the European pair session will be traded in the range may decline.

At the European trading session of the average range for USDJPY pair is between levels 103.00 - 103.60. Para dollar / yen on American session CIOC threads. Indicator in the neutral zone, the European pair session will be traded in the range may decline.