Analysis of world markets

USD. Offered measures scales of the help call more and more concern among traders. Occurs, about what we already wrote - injections of the market astronomical sums lead to impossibility sensibly analyze an event. Fundamental indicators of economy give impulses falling of dollar and the prices for oil. However oil has already crossed out a normal trend. Dollar though fulfilled the negative statistics, but signs of till Tuesday that it will already grow there is also it happens this week. Messages on dollar injections remind reports from front - where and how much was and will be sold billion In the beginning Central Bank of this week the big seven continued to place dollar credits within the limits of the plan on dollar maintenance. The market regards this plan as something, "what can leave both good, and bad". US dollar has reached an intraday maximum against euro on Tuesday at the New York session thus that in EU a situation much more stably. US dollar has grown today, despite the fact that is it US dollar problem. Federal reserve system of the USA chairman Ben Bernanke and Minister of Finance Henry Polson have declared congressmen serious risks which threaten American economy and financial markets in case the plan directed on struggle against credit crisis will not be quickly approved. It has called some excitements on financial markets. We recommend to refrain from operations with dollar before market normalisation

JPY. On Wednesday Japanese Central Bank has made injection in the Tokyo currency market in volume of 1,5 billion yens (14,2 billion dollars) because of fears that «saving plan» USA will call new disorders in the global markets. In short-term prospect it should lead to yen strengthening, however in current conditions when injection on dollar there is more confidence of it is not present.

EUR. Germany Finance Minister Peer Shtajnbrjuk on Tuesday has declared that now the world worries deep financial crisis. Nevertheless, the situation in Germany less heavy, than in the USA, therefore the scale plan of the rescue similar volume that is developed by the American authorities, is not required to Germany. At regular bank conference, the bank chairman Greece George Provopoulos has informed that ECB is disturbed by deterioration of economic conditions, the worst for many decades, but the situation remains under the control. The European Central Bank has declared that it continues  supervise liquidity level in bank system and is capable to allocate additional assignments for the financial market in need case. ECB marks some complexities in relations in the monetary market in the end of a quarter which expires on September, 30th. Last week ECB has allocated for maintenance of liquidity about 40 billion dollars. The statistics of Tuesday signalled about euro current rate strengthening to other currencies, but the confidence of euro growth is only in relation to pound. New industrial orders in July have grown on 1.0 % m/m, forecast of decrease for 0.7 % and decrease in June on 0.3 %. Index of business activity in industrial sector in September has fallen to level 45.3 points, at the decrease forecast to level 47.2 points, and the previous value 47.5 points. 

GBP. The assistant to Operating State Bank of England Dzhin Dzhiv has declared that the annual indicator of inflation remains much more, than was originally planned at level of 2 %. The committee on the Currency policy should not underestimate influence of credit crisis which will render on inflation delay if only the prices for oil and energy not begin grow again. The annual indicator of inflation in Great Britain in August left at level of 4.7 %. In intermediate term prospect inflation can remain at the reached levels. 

AUD. The Australian dollar has opened more low as excitements concerning acceptance by the USA congress  of " saving plan» have pushed away investors from highly remunerative currencies and risks. International payments participants of the market from 102 % confidence estimate now probability of decrease on 25 basic points of the Australia Reserve Bank key interest rate to level 6.75 % at a meeting in October. The base interest rate in Australia makes 7 % in comparison with 2 % in the USA. The Australian dollar favourably differs from other currencies that has potentially huge profits. We recommend to buy the Australian dollar for US dollar as high national incomes and raw export will make the Australian actives attractive against the largest world economic falling 

CHF. Fundamentally reasons for falling of the Swiss course currency are not present, but considering events of confidence occurring in the markets in its strengthening are not present.