In absence of significant global news traders focus their attention on current statistics. The market is in grip of local events and eurodollar quotations move in a narrow corridor of prices between levels of 1,4250 and 1,4150 dollars for euro.

In the beginning of the European session negative news on Eurozone caused splash in euro sales against dollar. According to the European association of auto producers the number of new cars registered in September in Europe decreased to 1,42 million, that is 1,5 % less than in the similar period of the last year. Analysts connect falling of sales of new cars with euro hike, growth of single European currency leads to increase of the cost price of the European cars. Association of producers also mark that the European consumers prefer the Asian brands of cars - Japanese and Korean.

However morning impulse of eurobears was not so strong and dollar rise vs. euro was stopped on a technical line of support a level of 1,415 dollars for euro.

Fundamental indicators on the US economy and also the intense situation on the world oil market limited dollar growth. According to Treasury Department in the USA outflow of the capital from economy of the USA was observed in August. In August foreign investors sold long-term securities of the USA for 85,5 billion dollars whereas in July net sales for the sum of 2,7 bln. dollars were observed.

In view of only market streams net sales of long-term securities of the USA by foreigners made 69,3 billion dollars in August against purchases at a rate of 19,5 billion dollars in July. Net outflow of capital in the USA from abroad in August made 163,0 billion dollars against 94,3 billion dollars the last month.

It is considered that TICS are the certain counterbalance poising trade deficit of the USA.

In August the foreign trade deficit of the USA made 57,59 billion dollars. The net volume of purchases of Treasury bonds of the USA by private foreign investors in August made 27,3 billion dollars, a sales volume of treasury bonds of the USA by foreign official bodies, such as the central banks, made 29,7 billion dollars in August.

Data on capital outflow on stock markets of the USA is the next unpleasant news for dollar.

One more unpleasant news is growth of oil quotations on international stock markets. The price for oil barrel on closing at NYMEX tested a level of 86 dollars.

High probability of intrusion of Turkish armed forces to Iraq Kurdistan where there are basic oil fields of Iraq and the biggest deposit - Kirkuskoe disturbed oil dealers, who began game on increase, being afraid of problems with oil deliveries from northern areas of Iraq.

As a whole, despite some emotional splashes in activity observed on the market traders do not hurry up with opening of long-term positions. While quotations are within the limits of sideways. Tomorrow data on the market of the real estate are expected, market players expect small growth of housing starts. However these data will hardly affect essentially the basic alignment of forces between bears and bulls if they remain within the limits of predicted values. Traders’ attention is still concentrated on G7 summit which takes place in Washington in the end of this week. While we remain outside the market.