Market’s daily review
15:36 01/27/2006

On Thursday, in conditions of the thin market, the American currency strengthened after the publication of durable orders data, which were above forecasts, than have increased the probability of rate increase twice.

A dollar exchange rate strengthens on expectations of Friday optimistical data in the USA.

Friday publication of the US GDP index for the fourth quarter of the last year, and also Tuesday results of FOMC next meeting will have a great importance for a dollar exchange rate.

According to forecasts, economic growth in the USA will cut to 2.8 % against 4.1 % in the third quarter.

Investors consider that FRS can continue a cycle of toughening and raise the rate in January and March.

 

Besides a further policy of the European central bank is in the center of investors’ attention. It is believed that the recent high value of business index, calculated by the German institute of economic researches Ifo, will not stop Eurozone’s bonds sale by investors and raise the probability of toughening of ECB monetary policy.

 

The US Department of Labor informed on Thursday that seasonably adjusted initial jobless claims went up 11 000 to 283 000 for a week on January, 15-21th.

Initial claims for a week for January, 14th have been revised to increase up to 272 000 against preliminary value 271 000 that is below 36 000 the value of the last week.

 

Moving average of claims for four weeks dropped 10 750 to a mark 288 750 against 299 500 the last week, having reached the lowest level since June, 2000.

 

Help-wanted index in the USA made 39 for December, at the forecast 40.

 

The durable orders in the USA grew in December above forecasts that was promoted by growth of demand for the business equipment since August that gives the basis to assume that corporate expenses will accelerate economic development at the beginning of 2006

As the US Department of Commerce informed on Thursday durable orders rose 1.3 % up to 228 billion dollars after growth on 5.4 % in November which was even bigger than was estimated originally.


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