The preliminary refined data on the US GDP for the 4 quarter were within the limits of the predicted values.

According to the report of Department of Commerce the US economic growth in three final months of the last year was higher than in preliminary prospective report of the Department. National income was up 1,6 % against 1,1 %.

Personal expenses on consumption were up 2.1 % from 1.4 % in the third quarter.

Data on export (5,7 % in 4 quarter against 2,5 % in 3 quarter), federal expenses and investments into the software and equipment were above the forecasts.

However, despite growth of the basic indicator of GDP players have paid attention to rather disturbing components of this report. Despite upwardly revision the total annual growth of the US economy in 2005 made 3,5 %, that is less than planned 5 %. Though analysts are sure of growth of this indicator in 1 quarter of 2006.

GDP Chain Deflator - the indicator of inflation - showed rise of total price level up to 3,3 % on Preliminary refined data against the preliminary data 3,0 % that was above the predicted values – analysts forecast preservation of this indicator at a former level - 3,0 %.

The total sales were reduced and showed 0 % of rise in 4 quarter in comparison with 3 quarter. The total Inventories level made $30,6 billion in 4 quarter against reduction on $13,3 billion in 3 quarter.

Housing market and Conference Board consumer confidence data affected negatively the dollar.

Existing home sales in the USA were down 2.8 % in January to the seasonably adjusted annual level 6.56 million, a minimum for two years as NAR has declared today. Sales were down 5.2 % since January 2005. It is the fifth straight month of decrease.

Stocks of unsold houses in the market were up 2.4 % to 2.91 million This stock rate is the highest since August 1998. Demand is down, and stocks are up. Economists forecast a sales level about 6,65 million, according to MarketWatch survey. Existing home sales were revised upwardly in December to 6.75 million against 6.60 million. Average price of the house rose on 11.6 % y/y to $211,000.

Sales of separate houses dipped on 1.5 % to 5.77 million y/y, and apartment house sales dropped on 10.6 % to 790,000 y/y. The consumer confidence of the USA decreased to a three-monthly minimum as the Americans worry about prospects of economic growth and rise of incomes for the next half of a year.

The consumer confidence index of Conference Board went down to 101.7 against 106.8 in January. The indicator of the last year on the average made 100.3, including a minimum 85, 2 for October after hurricanes Rita and Katherine.

That time the indicator of expectations decreased up to minimal since October, people said that they were more optimistical about a current condition of economy and a labor market. The indicator of current conditions rose up to maximal one for more than 4 years, and more people informed on the plans of house or car purchasing.

The oil factor put some pressure upon the American national currency and allowed the price to keep within the limits of sideways. After sharp reduction after the representative of royal family Saudi, Saudi Arabia manager, declared that 5 members of terrorist organization Al-Quaeda, who intended to organize a series of explosions at oil refining factory, were liquidated, the prices were closed with increase.

At yesterday's session on NYMEX oil futures were closed with increase up to $61,3 for barrel against the previous closing of $60,85 for barrel. In analysts’ opinion the increasing prices for petroleum and fuel supported oil prices.

Technical picture.

Despite negative news background concerning dollar the price on euro could remain within the limits of a sideways - a narrow currency corridor 1,1850-1950. Therefore positions on euro should be kept. The postponed pound sterling orders remain important.