So, after information that by results of elections in the USA, the Democratic Party restored the control over the House of Representatives after twelve years of domination of a Republican Party, the dollar tested the next pressure.

And though the number of places which was received by Democrats in the lower chamber of the Congress, is not declared yet, however leaders of both parties recognized that the majority is already for Democratic Party.

The general intrigue is while kept, as still there is no confidence that Democrats could receive the control over the Senate.

Let's remind that 3 places are already behind them, but for the control over the Senate it is necessary to receive six places, having kept all current positions.

There is great probability that Republicans nevertheless will keep the control over the Senate with the minimal overweight.

Some experts believe that final results of congressional elections of the USA should not cause high activity in the forex as even the victory of Democratic Party in both chambers of the Congress will not lead to fast changes in the US economic policy.

Let's also remind that the next two-day meeting of Monetary Policy Committee of Bank of England begins today.

Results of the decision on rates will be announced tomorrow. The majority of economists forecast that the interest rate will be increased by 0.25 % up to 5.00 %.

Besides the market’s participants will pay attention to statement of a member of Governing Council of the European central bank John Harley.

We also notice that last publications support a little the European currencies against dollar.

So, trade balance of Germany for September made +15.6 billion euros, at the forecast +13.0 billion euro, and the previous value +11.2 billion euro.

And the current account in Germany made +9.4 billion euro for September, at the forecast +6.0 billion euro. The previous value is revised from +2.4 up to +2.5 billion euro. As a result both indicators were better than the expected levels.

However, as we already mentioned, large players will prefer to wait for key release of week - tomorrow's publication of data on the US trade balance.

Let's notice that the issue of a lot of significant economic statistics in the USA is also planned for tomorrow.

We believe that before tomorrow's publication of trade balance data the dollar will continue to remain under pressure. Therefore we recommend to keep opened before dollar/franc and dollar/canadian sales.