Royalmaxbrokers: Frs USA: "X-day" Nastal

Relatively successful auctions for the placement of government bonds in Italy and Spain (despite a significant increase in yields), as well as positive data on the US housing market yesterday led to an upward trend in the stock markets and markets for other risky assets. Sales of new homes in the US, according to the published report, amounted to 328 thousand in March (in annual terms) against the forecast of 318 thousand, while the data for February were revised upward to 353 thousand, which is a 2-year maximum. This gave rise to analysts of Royalmaxbrokers to conclude that the long period of stagnation in housing construction in the US (moreover, the longest since the Great Depression of the 1930s) is finally coming to an end.

The EUR / USD against this background again made an attempt to overcome the resistance of 1.3200, however unsuccessfully, - by the results of the day the rate increased by 0.4% to 1.3197. The pound sterling continued to grow, despite the negative data on the budget deficit, the GBP / USD added 0.1% and reached 1.6140. Expectations regarding the increase in the quantitative easing program in Japan and the general positive sentiment in the markets led to the growth of the pair USD / JPY from 80.90 to 81.50. European stock indices added 0.8% to 2.3% yesterday, their US counterparts closed with a plus of 0.4% to 0.6% on the S & P500 and Dow Jones, respectively, however, the "high-tech" Nasdaq Composite lost order 0.3%.

At night, the market continued to receive positive signals already from the corporate sector. The long-awaited quarterly report of the world's largest company on capitalization, Apple Inc. Once again pleased investors: due to the high data on sales of the new iPhone4S in Asia (primarily in China), the company's revenues increased almost 2 times compared with the same period last year, and earnings per share (EPS) was $ 12.3 Against the forecast of $ 10,025 ("surprise" of 22.7%). Such positive data influenced the overall positive attitude of market participants, which led to another wave of buying risks. So, for example, the pair AUD / USD after falling at the beginning of the day to the level of 1.0250 again exceeded 1.0300. However, in the light of the forecasts of Royalmaxbrokers, this gives an opportunity to open a medium-term short position.

From macroeconomic statistics, today we should pay attention to the data on UK GDP and orders for durable goods in the US, but the most welcome event will be the publication of the results of the meeting of the US Federal Reserve with subsequent publication of the economic forecasts of the regulator and the speech of the head of the US central bank Ben Bernanke (see " Fed: Will the wind blow quantitative easing? "). Most of all, the focus of attention of the markets will be focused precisely on the forecasts and comments of Bernanke: if Fed Rezerv declares that he does not expect a significant slowdown in price growth and, at the same time, believes that the economy will continue to create jobs in sufficient quantity, no QE3 In the coming months is out of the question.

Following the auction on COMEX, the most actively traded June gold futures rose $ 11.20, or 0.7%, to $ 1643.80 / oz.

Gold futures rose on Tuesday amid calmness in European markets put pressure on the US dollar and attracted new buyers of precious metals. However, the volume of trading was low on the eve of the statement on the monetary policy of the US Federal Reserve System , which will be presented today.

Weakened expectations for further stimulation by the Fed in the near future were the key factor that helped lower gold prices from the highs of this year, just below $ 1800 / oz.

The central banks of Mexico, Russia, Turkey, Kazakhstan and Ukraine reported gold purchases in March, according to the IMF data released on Tuesday.

As a result of trades on the NYMEX, the June futures quotations for light sweet crude grew by $ 0.44, or 0.4%, to $ 103.55 / barrel after rising to $ 104.10 / barrel earlier in the session. Futures for Brent crude on the ICE fell in price by $ 0.55 to $ 118.16 / barrel.

Given that traders' attention is once again shifting from the tension in relations with Iran to the problem of oil supply and demand, the growth in US inventories can provide a signal about the significant amount of oil available to meet the declining fuel consumption.

Data of the US Department of Energy will be presented today at 18:30 (Moscow time).