So, the main event of today became statement of FRS Chairman Ben Bernanke. Analysts assume that today Ben Bernanke will again show his concern about inflation.

At last FOMC meeting in June FRS Head, proving necessity of invariance of rates, noticed that delay of inflationary growth “was not demonstrated convincingly”, then the dollar began to be sold actively against all currencies. For example, the American currency against euro dipped at once by 1.3 %. As for the first time since last meeting FRS Head will speak again about inflation focus of attention of all market players will be directed to these comments. We also remind that since that time the inflationary indicator fell approximately by 1 % to a comfortable zone of 2 %. Players wait how FRS Head will comment on this decrease and also what he will say about the further steps of Federal Reserve System of the USA.

However the majority of analysts believe that Bernanke will prefer to declare as usual that FRS "should display vigilance" concerning inflation.

As a result, before forthcoming today statement of FRS Chairman Bernanke market players do not hurry up to show trading activity.

Today results of the next meeting of Governing Council of Bank of Canada, on which the level of interest rates will be discussed, are also under steadfast attention.

So, according to forecasts the bank can raise overnight rate by 0.25 % up to a level of 4.50 %. The Canadian dollar quite often carries out function of the peculiar indicator in the market, specifying next direction of the movement of the basic currency pairs.

Besides market players will pay attention to the publication of inventories in the USA for May at 14:00 GMT. We remind that the forecast of a parameter is equal to +0.4 %, and the previous value was +0.3 %.

As a whole the situation in the market continues to remain uncertain - the basic currency pairs still continue trade in earlier designated ranges. Thus the tendency of dollar easing is kept, therefore we expect continuation of euro growth vs. dollar up to an establishment of a new historical record after which correction becomes probable. Therefore, taking into account affinity of the European currencies to historical tops we recommend to keep waiting position.