So, once again the publication of the important economic parameter puts powerful pressure upon the dollar. We remind that this time such parameter became preliminary value of GDP index in the USA for the third quarter, 2006 which was not only considerably below the forecast, but also reached a minimum level for last three and a half years.

So, the US gross domestic product for the third quarter made +1.6 %, at the forecast of +2.0 %, and the previous value of +2.6 %.

Thus GDP chain deflator in the third quarter made 2.5 %, a core parameter - 2.3 % that testifies to decrease in inflation due to economic delay.

Let's notice that this release continued dollar sad series of events. We remind that after FOMC kept, as well as it was predicted, the key interest rate at a former level of 5.25 %, and the accompanying instruction was considerably softer than experts assumed, expectations of an invariance of the rate at subsequent FRS meetings considerably increased.

We also remind that in the a result of the communique FOMC members indicated reduction of rates of economic rise and, as consequence expected drop in inflationary risks.

Then, on Thursday the report on durable orders, which also confirmed fears of the further decrease in economy, was published.

As a result Friday report on gross domestic product strengthened considerably positions of those analysts, who predicted an invariance of a current level of interest rates in the USA not only up to the end of this year, but also in the first quarter 2007.

Today the market’s participants are interested in following data:

- Personal incomes in the USA for September which publication is planned at 13:30 GMT. The forecast of +0.3 %, the previous value of +0.3 %. And the forecast of personal spending for September is +0.3 %, and the previous value was +0.1 %.

Later, at 19:15 GMT data on unemployment in France for September, and also a similar parameter in Japan (at 23:30 GMT) will be issued. Average forecasts of these parameters are 9.0 % and 4.1 % accordingly.

As a result decreasing the dollar/franc reached the important levels 1.2470-80. In case of continuation of decrease in the rate, following important support will be a mark 1.2400. From these levels the probability of recoil seems very probable. We remind that today in Switzerland is the day off therefore the financial market in the country are closed, however the probability of correctional growth of the pair on a background of the data of personal incomes and spending in the USA for September is still kept. The situation with the dollar/canadian pair "is more dependent" on the market of energy and precious metals. We remind that on Friday Abu Dhabi National Oil Co from Saudi Arabia, the largest OPEC manufacturer joined to reduction of oil deliveries.

Besides according to the Department of Energy of the USA during a week, ended on October, 20th, the American crude oil stocks decreased in the greatest volume since July.

Another factor, promoting growth of oil quotations, can become a sudden cold snap in some states from Minneapolis to Philadelphia.

As a result, we recommend, being outside the market, to wait for upward recoil (up to the levels stated by us earlier) then there is possible an opening of long-term sales.