Australian dollar may be the growth leader this week

Yen fell against the euro to nearly 2-week minimum for the Asian bid, as investors continued to naedyatsya that U.S. corporate earnings season will show that the global slowdown weakens. Market participants suggest that American companies, which publish reports for the 2 months of the year this week, will provide data that will be better forecasts that there will be an incentive to buy risky assets and dispose of the assets of the security zone. Experts predict that if the situation really is to grow in line with current market expectations, the most profitable currency can be Australian dollar.

Pound continues to enjoy the location of the bulls

The positive dynamics of equity markets continues to support the currency risk, while taking into account the very strong growth in the securities of banking sector, the growth has been among the leaders of the British pound, which is so far to break above $ 1.6520 Ofer some tests and now orders for the purchase of around $ 1.6550/60. Mood remains bovine, and break above will open the way for the next series of orders around $ 1.6585 and $ 1.6600/10, but dealers are encouraged to draw attention to the fact that short-term indicators point to strong perekuplennost pairs. According to the proximity of the Fibonacci resistance (76.4% of the reduction in annual maxima) on the background of the lack of significant news may become a pretext for a fixed short-term profit accounts, and in the absence of strong push above $ 1.6560 in the near future, the pound / dollar, they said, could return to $ 1.65, and possibly to $ 1.6480/60.

Scotia Capital: in anticipation of a report on monetary policy the Bank of Canada

This week, Bank of Canada publishes a report on monetary policy. According to analysts of Scotia Capital, will be very interesting to see whether there is a report that someone on the course the Canadian dollar against the U.S. currency. The bank believes that there is some chance of verbal intervention by the Bank of Canada, given that the pace of strengthening the national currency in the last week have grown. How to think in Scotia Capital, the leadership of the Bank of Canada should be a matter of concern not only the level to which it can strengthen the Canadian dollar, but also the speed with which this strengthening occurs. The pair dollar / Canada is currently at 1.1074.

BBH believes the Bank of England meeting minutes key event of the week

Currency analysts have looked forward to the publication of the protocol last meeting the Bank of England, which will be released on Wednesday this week (12:30 AM EDT). In BBH attributed this interest to the fact that the protocol might be attention on short-term prospects for monetary policy in the UK. The result of the July meeting of the Committee on Monetary Policy Bank of England caught most analysts by surprise - all the expected declaration of acceptance of new measures of quantitative easing, and these expectations are not met. Minutes of the meeting will show whether it was discussed the possibility of introducing additional measures to mitigate the quantitative, and whether the committee members voted for the announcement of these new measures.

Morgan Stanley welcomed the potential of the euro until the end of the year

How to find Morgan Stanley, the fair value of U.S. dollar against the euro may rise to 1.18 dollars per euro, which reinforces the belief of analysts is that a pair of Euro / dollar has found new historical highs. The bank, however, continue to positively assess the prospects for the euro until the end of 2009. At this time, a pair of Euro / dollar traded at 1.4115.