Today eurodollar quotations have broken out key resistance levels at the Asian session. Instability of a situation in the oil world market and threats of new acts of terrorism from Al-Kaida have caused growth of negative moods concerning dollar, despite a series of the US positive production news.

On morning Asian tenders the US dollar has continued the tendency planned in the USA on Friday, and has been sold actively in conditions of increase of anxieties about geopolitical safety and its influence on the oil prices.

As Iran is the leading oil producer, the situation influences on the oil prices. Besides risks on Forex increased after the messages, which have appeared on Friday, that Iran started to withdraw its currency reserves from the European banks to avoid any possible attempt of their assets freezing.

One more large oil producer, Nigeria, also continues to be in authority of violence and threats towards the transnational oil companies that also can lead to supply deficiency and squeeze. At midday in Singapore March futures for crude oil the US light sweet rose in price on $0.48 up to $68.96 for barrel in comparison with the closing on Friday $68.48.

At the end of the last week the dollar got small support after publication of consumer sentiment index. The key consumer sentiment index raised up to a value of 93.4 in comparison with 91.5 in December. It is already the third monthly gain of the indicator successively restoring after the falling, caused by two destructive hurricanes in the region of Gulf of Mexico. Value of the index has surpassed the economists’ forecasts. So, on Reuters average forecast growth only up to 92.5 was expected, and Wall Street economists predicted 92.6. The analytics assume the main catalyst of sentiment growth improvement of a situation on a labor market.

However the indicator has not still restored up to July value of 96.5.

Components of the index have also recorded growth. So, the index of current conditions rose up to 112.0 in January from 109.1 in December. The index of expectations has risen up to 81.5 from 80.2.

This week there is expected the block of news on the market of the real estate of the USA. The first part of this block, the report of the National Association of Realtors - Existing Home Sales - is expected today.

This report shows a level of existing home sales. The report is considered by the market as significant indicator of activity in economic sector of the real estate and the building industry.

This indicator precedes another important indicator of the housing market - new home sales.

Both these indicators Existing Home Sales and New Home Sales give information about the condition of the housing market. In its turn activity or passivity in this sector of economy directly influences on a level of FRS federal funds rates. So rise of the housing market is a factor which can make FRS to assume the measures for prevention of the housing market overheat, that is to raise the federal funds rate. And on the contrary, I shall remind that federal funds rates directly influences on a dollar exchange rate, growth of the rate supports the national currency of the USA and vice versa.

Therefore, market experts will closely trace these market indicators. Especially now when the market notices some indecision in FRS actions in a way of carrying out the monetary policy.

Technical breakdown of resistance lines became a logic continuation of the uptrend on euro and pound sterling. The potential of the third wave of a trend will hold good. The market is aimed at going to the nearest potential purposes.

Longs according to the Friday recommendation are kept:

«Technically medium-term uptrend has potential of development. The 3 wave of a trend has not yet realized the potential, have not developed, therefore the postponed Longs from a level 1,2186 have good prospects, with the purposes 1 1,2310 and 2-1,2450.»

Stop can be moved on 150 points from a current level. The same levels on pound sterling, a key level for opening Long - 1,7800, the purpose 1 - 1,7930, the perspective purpose -1,8050. Stop is not closer 150 points.