European banks are experiencing hard times. Credit Suisse Group AG (NYSE: CS) shares fell to 44.72, losing -2.26 (-4.81%). Barclays PLC (LON: BARC) shares are 306.15 points, down -7.45 (-2.38%) yesterday.
Pound / dollar has sought a foothold in the field of 1.5400 against the backdrop of positive economic data. Support will now be provided at the level of 1.5350.
The dollar exchange rate may fall. Foreign currency analyst at Barclays Capital expect to reduce the dollar / yen in the short term and indicate a negative a light.
Currency exchange rates today are stable. Exchange rate euro falls, the pound exchange rate rises above. Foreign currency analyst of Barclays Capital noted that a sharp decline in euro / pound on Wednesday, as well as signals of bearish divergence signals that the recent growth of the pair against the background of the closing of short positions ceased.
Currency rates are pound oriented today. As noted by Barclays Capital currency analysts, closing short positions on the euro / sterling remained the dominant trend today. Nevertheless, small signals of bearish divergence, which began to appear during the last days – the first evidence that the upward dynamics in a pair dies.
Euro / dollar continues to enjoy strong demand, however, currency analyst at Barclays Capital believe that this is not enough to abandon the neutral projection pair.
Dollar exchange rate is stabilized, but the yen continued to put pressure on the greenback. The weakening stock market, coupled with the positive trends in the bond market appears a negative factor for the pair dollar / yen, that according to currency analysts, Barclays Capital, will continue to stay in a downtrend.
The Independence Day was unable to prevent the oil prices rise. Oil prices are rising, but growth is constrained by fears of slowdown in the world’s leading economies and reduce demand for fuel. Prices for U.S. light crude rose $ 0.11 to $ 72.25 a barrel, while Brent added $ 0.32 to $ 71.97.
Dollar exchange rate continues to move upward relative to the pound. Couple pound to the dollar set a daily minimum at 1.5117. Nevertheless, according to currency analysts, Barclays Capital, the uptrend of the last month, which can be described as two steps forward and one step back, continue.
The level of support from the bulls for Dow Jones Industrial Average began to grow. Losses Dow index were played back, the overall losses are -60.99 points (-0.62%). DJIA is 9,713.03 points. Among the leaders of falling U.S. stock market is worth noting: the securities representative of the biotechnology industry Dendreon fallen by 10,8%, after it became clear that the government agency The Centers for Medicare and Medicaid Services require the Company to disclose data on the effect of its drug to treat cancer Provenge prostate on the patients.