On the eve of Thanksgiving Day | IFCM UK
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On the eve of Thanksgiving Day - 23.11.2011

US Dollar Shortened trading week in the U. S. (there is the Thanksgiving Day on Thursday, and the stock markets will work only in the Friday morning; fixed income markets are closed on Thursday through Friday) effects moods of investors and significant price movement is not occurred even though the news fund is pretty much rich. The FOMC protocol published yesterday has shown probability of current monetary policy. Dollar has strengthened during Asian trading session. Price movement reflect investors escapement from risky assets, that has been activated after the Belgian - De Standaard and two other European newspapers reported that the case for the rescue Belgian bank Dexia is near its failure. Today, a large block of American statistics, which may put the market into motion and remove it from the narrow range of a few past days. Euro Bunch of problems in the Euro zone is growing up. German officials have reported the absence of measures to combat the crisis 'magic wands' in their arsenal. Not happy news came from Spain, where the Ministry of Finance placed 3 billion euro bills in the treasury. Yield of securities have risen sharply. Thus, the yield of three-month securities was 5. 11% vs. 2. 292% per annum month earlier. It looks like the Euro area structural problems forced the experts to say more firmly about the depreciation of the Euro in the near future. While the euro is supported by European investors, which are forced to return their investment in the region against the background of a liquidity shortage for legislation standards. Australian dollar Aussie is the main victim in the current situation of flight from risk. Expectation of lowering rates at the next meeting of the RBA adds a negative. But investors open short positions on Australian dollar should remember that Australia is one of the few regions having total order with macroeconomics and rates which will be significantly higher than the data at the competitors for a significant time. AUD/USD is traded at 0.9770 during Asian trading session.
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