Forex-novosti i prognoze od 28-09-2011

Since the early U.S. session, the dollar rose against major currencies due to the decrease in major U.S. stock indices have reached an intraday lows, amid growing concern leaders are divided over how to handle Greece’s debt crisis.

European stocks declined, snapping the biggest three-day rally in 16 months, amid concern that holders of Greek bonds will suffer larger losses than previously agreed upon.

FTSE 100 5,218  -76.42 -1.44%, CAC 40 2,996 -27.76 -0.92%, DAX 5,578   -50.02 -0.89% 

Man Group Plc (EMG) sank the most in almost three years as the world’s biggest hedge fund said assets under management will decrease. Cairn Energy Plc (CNE) slid 6.5 percent after abandoning an exploration well. Deutsche Boerse AG (DB1), the operator of the Frankfurt stock exchange, lost 4 percent as the European Union proposed a financial-transactions tax.

• SNB Balance Sheet Vulnerable To FX, Gold Price Changes
• SNB Isn't Mandated By Government To Make A Profit
• Profit Not A Yardstick For Monetary Policy Performance

Oil fell in New York, heading for the biggest quarterly drop since 2008, on concern that Europe’s debt crisis will linger and on increases in U.S. crude and fuel stockpiles.

Futures dropped as much as 2.1 percent as German Chancellor Angela Merkel signaled policy makers may review Greece’s second bailout after inspectors rule on whether the country is meeting the terms of its current package. U.S. crude oil supplies climbed 1.92 million barrels to 341 million last week, the Energy Department said today.

Crude oil for November delivery declined $1.16, or 1.4 percent, to $83.29 a barrel at 11:09 a.m. on the New York Mercantile Exchange. Prices climbed 5.3 percent yesterday, the biggest gain since May 9. Now the contract traded at $83.21 a barrel.

Gold may decline in New York as prices that declined for three consecutive weeks encouraged investors to hold off from making purchases.

Gold slumped 9.6 percent last week, extending its longest weekly losing streak since January, in part caused by investors selling the metal to cover losses in other markets. German Chancellor Angela Merkel signaled that Greece’s bailout may need to be renegotiated.

The panic displayed over the past few days has dissipated to a great extent, though there certainly hasn’t been a stampede back into gold. Instead, the market remains hesitant and gold continues to consolidate

Gold for December delivery fell $5.10, or 0.3 percent, to $1,647.40 an ounce by 7:57 a.m. on the Comex in New York. Prices dropped to $1,535 on Sept. 26, the lowest since July 8. 

Data: 

EUR/USD 

Resistance 3: Y77.60 (Sep 12 high) 

Resistance 3: Chf0.9140 (Sep 26 high)

 

Resistance 3: $ 1.5750 (area of Sep 19-21 high)

Resistance 3: $ 1.3800 (Sep 21 high)

• FSA Should advise banks not exacerbate markt fragility
• Some bank capital raising could worsen wider economy 
• Banks capital build up shouldn't constrain lending
• Unlikely banks can use earnings rise to boost capital

• Facing the biggest challenge in Union's history
• World wondering if we have will to prop up euro
• Situation is serious but we have solutions
• Need to come together for European renewal
• Cites anger of nationalism, states turning inwards.