On Wednesday, September 1, the Forex market players decided to increase the risks and rapidly began to sell the dollar. This marked improvement in mood was observed directly in the foreign exchange trading, and commodity markets and shares. "I think that the U.S. is sustainable and self-recovery of the economy, just the pace of growth is too weak - lower than expected at the Fed. But earnings growth is still quite strong." The increased investment, more jobs in the private sector is growing, albeit slowly . The combination of these factors is sufficient that the economy continued to recover. We believe that a second recession and deflation is extremely unlikely, and consequently, the fall of the stock market had been unduly strong "- believes the president YCM Net Advisors Dean Maki.
Thus, despite the disappointing recent makrostatistiku, many players see the positive developments in the U.S. economy. And in the process of overcoming the crisis the most important - faith in a brighter future. It enables market participants to increase investments, buy shares, property and consume more, and all the major drivers of economic growth. Against this background, in the minds of the players has been a shift - the beginning of autumn was marked by a noticeable strengthening of the euro against the dollar. So, at 9:00 Moscow time on Thursday, August 2, pair traded at around 1.28 dollars / euros, and if the game continues to increase, it will signal the beginning of the rally.
At the same time, the markets there are players who continue to seek "safe haven". So, chief strategist at currency market RBC Adam Cole says that in September, the strengthening of the yen will continue, although most analysts believed that the Japanese currency will fall from current levels. "I believe that the risk of intervention by the Bank of Japan less than 50 to 50. Verbal intervention in recent times give less effect. I think, a couple of dollar / yen will fall this month to a level 82-81. The pair euro / Yen we'll see falling below the 100 "- the expert RBC. Nevertheless, at 9:00 Moscow time on Thursday, one dollar is worth 84.2 yen, and there is strengthening Japanese currency. In relation to the euro yen traded at 107.7.
Thus, the trends observed so far are only a consequence of flight players from the dollar zone. During the session on Sept. 2 against currency players can expect a signal that they are nevertheless important - Yield (euro, pound) or reliability (yen, the dollar).
