After the small two-day correction caused by positive Friday data over the USA and weak data over the EU eurodollar quotations again test a level 1,36.

On Friday growth of leading indicators also was not so significant as the market expected, however could support the dollar. The bull moods also were supported by data of Philadelphia Federal bank.

Experts of Federal Bank in Philadelphia consider that new orders, shipments of finished goods remain at the stable confident level. However, as a whole this regional index of production shows the general weakness, peculiar to national economies during this moment as a whole. Signs of falling of investments in these areas of economy were added to decrease in orders in motor-car construction and in the housing market.

After strong falling of Leading Indicators in February to -0,6 %, in March experts of independent research institute Conference Board noted growth of this parameter up to 0,1 %.

To this it is necessary to add that pressure which single European currency tested after unexpected for the market decrease in data of factory orders in Eurozone.

New orders in the industry in the Eurozone in February were down 0,7 % in comparison with January and were up 4,7 % in comparison with the similar period of the last year, Eurostat informed on Tuesday. Drop in new orders in the industry of Eurozone became unexpectedness.

Economists forecast that the volume of orders in February would grow by 1,2 % in comparison with the last month and by 8,5 % in comparison with February, 2006. Significant reduction in orders in the industry of the Eurozone in February, 2007 is caused by falling of orders in France.

However correction of uptrend on euro was short-term and superficial, today the market disposed against the dollar has reacted vividly to weak data of the market of the real estate of the USA.

Data of National Association of Realtors showed decrease of existing home sales after three-monthly growth. So scale reduction in existing home sales was observed only three years ago. According to NAR the offer in the market of existing homes also dipped that along with decrease in mortgage rates can stabilize falling of sales of finished homes. However realtors expect revival in the market of the real estate not earlier than in the beginning of the third quarter, forecasting small growth of sales.

As a whole the market is disposed against the dollar. However the critical price level 1,2670 remains a serious level of resistance, from this level it is quite probable strong correction. Technically uptrend on euro shows all signs of the termination of the tendency – the 5 wave, as a rule, is the weakest in a trend. Therefore while we remain outside the market.