The next focus of the market may be waiting for the third round of quantitative easing

According to analysts, the theme of "second wave of crisis" in the markets worked, and finally closed. In the last day covered the wave of positive markets. Rising risk appetite led to the decline of the dollar to all types of assets. The increase in optimism are now playing at once three factors: the folding of concerns about the debt crisis in Europe, the improvement in the U.S. economy and expectations of the third round of quantitative easing, the Fed at the next meeting on November 2.

Relative to the U.S. economy, today's data confirmed the continued recovery and the absence of any signs of recession. As expected, the U.S. GDP growth in Q3 was 2.5% per annum against 1.3% in the second quarter and 0.4% in the first quarter. But the initial application for unemployment in the United States last week reached the level of 402 thousand and the fifth consecutive week at a level below 410 thousand, that is a long time figure demonstrates good value. It should also be recalled that the data for October are expected to well, including growth and employment from ADP and Nonfarm Payrolls at 100 thousand

With regard to possible Fed actions on Monday, deputy head of the Fed's Dudley said that "we made clear our interest to support the mortgage market." So the announcement on November 2 at the Fed's balance sheet buying two or three hundred billion dollars can be considered secure. And after the market close on topics of European debt crisis in the coming days will be worked out theme of the third round of quantitative easing. Therefore, even after strong growth in the past, the euro on expectations may QE-3, and take off up to $ 1.45. Today, the euro / dollar rate broke the $ 1.4080/90 - MA100 and MA200 for a time-frame D1.