Japanese monitor exchange markets

Get the yen against the euro and dollar after speculation that the economic recovery will be slower led investors to reduce its risk appetite and seek security. In the previous week at a press conference Deputy Finance Minister of Japan expressed that the Government will monitor exchange markets closely. Market participants have adopted this as a signal that Japan does not approve an excessive appreciation of the yen if it continues, we may become witnesses to the verbal or direct intervention.
Leaders of the eight most developed countries and the group of the five biggest emerging markets is understood from the meeting of the G8 not to debase their currencies to promote exports of their country. They also speak of a stable and well-functioning international monetary system. The lack of statements by the Chinese leadership against the dollar in world currency reserves support green money. Weak data on U.S. consumer confidence has also shown that recovery would be rapid and led to appreciation of the state currency. In July, consumer confidence calculated by the University of Michigan decreased by 646 points to 70.8 points in June. Meanwhile investors it expected to increase to 71.1 points. U.S. trade deficit for May is expected svi more than nine years at least 26 billion dollars. In April index was at a level of 28.8 billion dollars, and investors are expected to increase to 30 billion dollars.
Today’s economic calendar is extremely poor. One of the few events we can highlight is a report on the U.S. Federal budget for the month of June. Estimates are reported to be a deficit of 78 billion dollars to 189.7 billion in May.
Gold poevtinya after more expensive dollar and lower oil prices decreased the demand for precious metals as an alternative investment and hedge against inflation. For the previous week poevtinya gold with 2% while the green money poskapnaha with 0.4 percent. Futures delivery period by August the price dropped by 3.70 dollars or 0.4 percent to 912.50 dollars for troy ounce. The price for immediate delivery on the London Stock Exchange decreased by 45 cents to 911.90 dollars. A study of the leading analysts expect the majority fall in the price of precious metals should continue during this week.
Oil is used by some investors as an indicator of inflation, losses over 10 percent of its value last week. This is the strongest weekly fall in the price of black gold from January months now. As the main reason may indicate investor fears that the slow recovery may reduce demand for oil. Futures with a delivery time cheapen August 52 cents or 0.9 percent to 59.89 dollars per barrel, which is their first day closing price below 60 dollars from May 19 onwards. Compared to reach the summit of July 11, 2008 from 147.27 dollars per barrel price decreased by 59%. According to the International energy agency demand for oil will grow by 1.4 million barrels per or 1.7 percent to 85.2 million barrels per day in 2010. This is supported by estimates of the International Monetary Fund that the world economy will mark growth of 2.5 percent next year. Variety Brent traded in London falls by 58 cents or 0.9 percent to 60.52 dollars per barrel. According to a report released ward increases production in June for the second consecutive month. Eleven countries produced 26.2 million barrels per day, representing the execution of the voters reduced the quota by 68 percent compared with the performance of 74% over the previous month. The next meeting of the cartel on September 9 in Vienna. For this majority of the weeks leading analysts expected decrease in the price of black gold to continue.

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