Market keeps being dull, expecting a beginning of a new monthly session traders do not hurry up with opening of long-term positions. Next week there is expected publication of first fundamental indicators for March.

The contradictory rumors about FRS rate’s fate do not add activity to market, as traders cannot determine the basic vector of direction of market’s movement: for the dollar or the euro.

After the falling of stock quotations caused by disappointment of players on stock market by a report of FRS Head Ben Bernanke.

Let’s remind that taking into account crisis events on the real estate market and connected with it building sector of economy the stock market expected more decisive steps from FED Chairman. Traders hoped that on Wednesday at Congress Ben Bernanke would announce about beginning of supportive monetary policy and that FRS would begin cycle of federal funds rate decrease, thus reducing credits and stimulate production. However it did not happen, Ben Bernanke only indicated risks of inflation and assured the Congress that current condition of rate did not prevent economy to leave a condition of stagnation.

Yesterday there was observed a falling of interest to the US state bonds, as recent FOMC decision to leave the rate at the former level cooled investors’ interest to the US state bonds.

These two directions of interest’s vectors at stock market and bonds’ market in the USA poised bears and bulls on forex and reduced activity of forex players. Dollar quotations on euro continue to be in the sideways, which began in the middle of month.

Today euro was supported after the issue of index of economical sentiment. Economical sentiment in March in Eurozone grew to 111,2 from 109,7 in February. Economists forecast the rise in index up to 110,0. The index of confidence to production rose up to +6 from +5 in February. The index of consumer confidence in March increased up to -4 in comparison with -5 in February. Index of sentiment in service sphere was up +22 from +20. Index of sentiment in retails raised up to zero level from -1. Index of sentiment in building sector remained without changes. Index of sentiment in business circles was without changes 1,55.

Next week the main event for traders will be issue of monthly report on Employment, indexes of business activity in production and service sphere.

Today be off the market, as increase in activity on forex during the last session of week and month is not expected.