Forex

On positive market sentiment the EUR / USD pair resumed its uptrend and grew to $ 1.2940

Asian and European trading sessions:

Euro: During the Asian session the euro raised against other traded currencies after the publications of results of the reports for Japanese and Chinese economics’ performances, which once again confirmed the weakness of the situation. The EUR / USD pair rose to $ 1.2910. The pair resumed its uptrend as the fact that the results of stress tests of the banking system in Spain provided the confidence for market participants that the debt crisis in the Eurozone is about to come close to resolution. In addition to it, the ratings agency Moody informed that the recapitalization of banks in Spain is positive for the country's credit rating.

British Pound: The pound weakened as a report showed that UK PMI index for manufacturing sector fell in September more than economists forecast. The GBP / USD pair tested the Friday’s lows of $ 1.6107 level during the Asian session and snapped back from this level to the highs of both sessions around $1.6164 area.

Japanese Yen: Despite the fact that the consumer sentiment index, fell in July and September to -43.1 versus -39.5 in April -June, the yen rose against the dollar, indicating that the recovery and growth of the Japanese economy stacked amid the slowdown in overseas economies. The USD / JPY pair fell to Y77.78 during the Asian session recording today’s lowest point.

Australian dollar: The weak results of Chinese PMI report and the expectations of future decline of key interest rate in Australia by 25 basis points on RBA rate decision meeting pressured the Australian dollar today. The currency weakened against the U.S. dollar and other traded currencies.

American trading session:

Euro: The published today reports showed that the business activity in the manufacturing sector continued to decline in September, and the unemployment rate reached its highest level in history. In details, the Euro-Zone Purchasing Manager Index Manufacturing recorded 46.1value and was higher than the initial estimates of 46. The Unemployment rate was 11.4 % in August which was in line with forecasts and unchanged compared with June and July.

U.S. Dollar: The dollar index fell 0.28% to 79,64 during the speech of the head of the U.S. Federal Reserve Chairman Ben Bernanke, who said the central bank's strategy will be remained the same and the Fed will continue purchasing assets for as long as the situation on the labor market begins to stabilize.

Gold: The Gold was supported today and gold futures grew to the highest level since November, 2011, to $ 1,791.45after the president of the Federal Reserve Bank of Chicago Charles Evans hinted that the U.S. central bank may take further actions and stimulate the economic growth in the country, that could end up in increasing of the inflation.

Silver: December Silver futures recorded new high today rising to $ 35.36 an ounce at the New York Mercantile Exchange.

Oil: The oil prices surged to a one-week high on positive results of Spain banks’ stress tests and macroeconomic data on the ISM manufacturing in U.S. The November futures price for WTI crude oil (NYMEX) rose by+0.93 % - up to $ 93.32 per barrel.