Canadian dollar continues to rise

The Canadian currency has continued to attract investors, aided by growing optimism about the market that the European leaders will develop a plan to recapitalize domestic banks. Along with the "loonie" significantly strengthened as the Australian and New Zealand dollars. Additional impetus to trade currencies gave rise in oil prices. As noted by one of the dealers, the Canadian currency is able to achieve parity with the dollar. However, it is C $ 1.0150 area provides a couple of fairly solid support. Meanwhile, BMO Capital Markets analysts believe that at this time the Canadian dollar is overbought. The current dollar / Canada C $ 1.0160.

Barclays Capital on the prospects for the pound / dollar

GBP / USD continues to restore and, once above the fifty-seventh figure breaks resistance at $ 1.5710/20 located. Nevertheless, the couple can not stay in a new high of $ 1.5728 session, she pulls back to $ 1.5700. Analysts at Barclays Capital believe that the expected recovery of up to $ 1.60 should be, if the pound / dollar rate will settle above $ 1.5715. At the moment there is a pair of strong resistance in the $ 1.5745/50. Testing of this level can be a catalyst for the upward movement of up to $ 1.5765/70. The current rate of the pound / dollar $ 1.5718.

AUD / USD. comments dealers

The interest of investors to risk has allowed the Australian currency to reach parity with the dollar, and then settle down within a fairly narrow range of $ 1.0100/40. Resistance AUD / USD is situated in a previously established high of $ 1.0144, and potentially at $ 1.0170/75, where the rate of $ 1.0173 is a minimum of 14 September. Further good Ofer seen in the $ 1.0220/25. Interest in buying the Australian currency is stored in the $ 1.0065/60. Stronger demand for the AUD / USD 1.0005/00 Seen on $, where $ 1.0016/05 highs are 10 and 11 October. The current rate of AUD / USD $ 1.0110.

Commerzbank on the future of the euro / yen

After a futile attempt to break the level of Y105.80 EUR / JPY settled in the area of ​​Y105.60. However, analysts at Commerzbank fairly optimistic about the couple. They believe that in the short term couple is able to continue the upward movement and return to the field of Y107.65, where the line is the 55-day moving average. An official of the bank, Axel Rudolph, said that the only loss of support in the area Y102.47 could indicate a potential reduction of the pair. Current exchange rate euro / yen Y105.58.

BBH: AUD / USD could reach parity

The Australian dollar is trading on a positive note in European trading. AUD / USD has appreciated by more than a hundred points and set a two-week high of $ 0.9940. BBH staff noted that the support of the "Aussie" has a growing optimism of investors, as well as the stabilization of copper prices. They expect a further strengthening of the Australian currency against the U.S. competitor in the short term, expect to see as AUD / USD reaches parity, then at $ 1.0080 As, and potentially $ 1.02. BBH analysts added that the momentum of the pair can give a report on Australia's number of employed in September, if the data could be stronger than expected. The current rate of AUD / USD $ 0.9926.

The attractiveness of the dollar. Looking HSBC

Analysts HSBC decided to investigate the phenomenon of the popularity of the U.S. dollar as a currency of refuge compared to some of its competitors. Among the studied rates appeared Norwegian and the Swedish krona and Canadian dollar. Bank employees have left aside the Japanese yen and Swiss franc, in connection with the unrest of investors about a possible intervention in the currency specified by the central banks. As a result of this research analysts have concluded that the appeal of U.S. currency, to a greater extent due to the lack of alternatives to the players. For example, the Canadian dollar was too dependent on the mood of world markets, while the constraints of the Swedish and Norwegian kroner was marked by a lack of liquidity. At the moment the EUR / NOK is kept at 7.8069, EUR / SEK is trading at 9.1341 area. The current dollar / Canadian 1.0280.

The dollar is losing ground

The U.S. dollar during trading is losing ground across the entire spectrum of the market. Execution stops at the break of $ 1.5650 a pound enabled / set maximum dollar at $ 1.5659 session. According to one dealer, large enough Ofer located near $ 1.5670. Further, the pound / dollar may face intensified bears at $ 1.5685/90, and potentially at $ 1.5710/20. Market participants noted that the earlier interest in the sale of the British currency came from the system of accounts. The Australian dollar also reduces waste. AUD / USD broke above the ninety-ninth and was the figure of $ 0.9920, where he currently holds. Among the active buyers Aussies seen U.S. investment banks. The current rate of the pound / dollar $ 1.5646.

Euro / dollar. fundamental levels

Euro / dollar. fundamental levels
$ 1.3795/00 - large Ofer / $ 1.3800 a maximum of 21 September
$ 1.3750/60 - Ofer medium-sized
$ 1.3685/90 - large Ofer / $ 1.3690 a maximum of 28 September
$ 1.3660/65 - small Ofer
$ 1.3621 the current euro / dollar
$ 1.3560/50 - moderate demand
$ 1.3520/10 - small bids
$ 1.3465/60 - strong demand
                                                                                    $ 1.3450/40 - strong demand / $ 1.3446 at least  

                                                                                    October 10
                                                                                    $ 1.3410/00 - moderate demand

Dollar / yen. fundamental levels

Y77.30/35 - small Ofer
Y77.25/30 - Ofer average maximum razmera/Y77.27 October 3
Y77.10/15 - foot
Y76.95/00 - Ofer medium-sized
Y76.68 - the current dollar / yen
Y76.45/40 - small bids
Y76.25/20 - moderate demand
Y76.10 - moderate demand
Y75.95/90 - strong historical maximum spros/Y75.94 August 19

Rabobank prospects pounds

Rabobank Analysts point out the duality of the British currency, which during the European session, strengthened against the dollar and losing ground against the euro. They report that this situation contributes to a new wave of optimism among investors, due to another attempt to Merkel and Sarkozy to save the single currency. However, they added that the crisis of the euro area will continue to hang "Sword of Damocles" that within three months will allow the euro / pound to come to the mark stg0.85, while rather weak performance of UK macroeconomic data loss will reduce the dollar against the pound. At the moment the pound / dollar traded at $ 1.5640. The current euro / pound stg0.8669.

The days are numbered euro

Whether you like it or not, but the euro zone will fall apart, and the days are numbered euro. Euro came into existence more than 12 years ago, it seemed that his time has come. He was supposed to be a single currency for all European Union countries, which will significantly simplify the management of business and travel between Spain, Italy, France, Germany, Belgium and other countries. The ultimate goal of the creators of the euro was to improve the competitiveness of the EU countries about the U.S. and other countries. But the currency from the first day of life was one drawback. The first eleven participants completed the so-called Eurozone convergence criteria, ensuring the necessary levels of inflation, public deficits, debt and long-term rates. But the mechanism that would regulate these relationships and the criteria were not. There was no single fiscal policy for the group. This is the fundamental ugliness euros. You can not have one currency for a few politically independent countries with different cultures and different economic policies. Those wishing to join the single currency must sacrifice part of their sovereignty in favor of centralized government with power to legislate and dictate the countries a common fiscal and monetary policy. In the euro zone has never been a centralized authority, there is now. We need to create the United States of Europe, who will collect taxes, issue bonds and to countries in need of temporary assistance. Such a formation is to replace current arrangements confusing about who to help and whom to leave in the lurch. As long as this does not happen, problems remain in Greece only the tip of the iceberg. Behind it all lined up in other countries such as Portugal, Italy and Spain. The so-called PIGS countries for many years lived beyond their means and now it's time to pay the bills. PIGS can not defer payments on its bonds and thus endanger not only their own banks, but banks and financial institutions in other countries. Worse, the more powerful members of the euro area financial markets, together with Greece and forced her to take similar tough measures to consolidate and reduce the deficit, which hit in the first place to the public. Close demise euro does not go unnoticed by the foreign exchange market. This is evidenced by long-term downtrend. Do not be surprised if he continues his ignominious fall, because now the question is not whether a collapse Eurozone, and how soon it will happen.Irwin Kellner,Prepared Forexpf.ru Materials MarketWatch

Euro / dollar. comments dealers

Euro / dollar remains near highs session marked by the publication of data on U.S. labor market, but the bulls do not hurry to continue the offensive, given that on closer examination the nature of the report was not as positive as it seemed at first. Employment growth in the 45 000 was due to the termination of workers' strikes the telecommunications industry, without which new jobs in September, would have amounted to only 58 000 against the expected 60 000. The unemployment rate, meanwhile, remained at 9.1%, but unemployment U6 (figure takes into account people with part-time employees and unemployed people, not job seekers, who still want to work) has continued to grow and reached 16.5%, which was the maximum value from December 2010. Market participants seem to prefer to focus on employment growth, as well as the revision rate for the period from July to August, upwards of 99 000, but it is worth noting that, in general over the past six months, the average level of employment growth was 72 000, then as for the previous corresponding period average growth of new jobs was 161,000. Dealers noted that the initial burst of optimism in the stock market came to nothing, but in general the mood is pretty good. They note that in anticipation of output reduction of short positions in the euro / dollar may continue, especially since the recent bad news from Europe has not yet come, and for such a signal will be confident leap above the thirty-fifth figure, that will speak of the possibility of correction in the direction of $ 1.37.