This happens despite the efforts of central banks to solve the difficulties in eurozone. Even the support package which was agreed by the EU countries last weekend doesn’t seem to stabilize the situation. And according to the financial experts, euro is going to continue its fall, dropping to the dollar level by the end of this year.

Thus, it is the real threat to the Greek economy and Eurozone in a whole. Euro forecasts remain negative until the end of the year. European Central Bank (ECB), however, tries its best to regulate the situation. Today ECB has reduced buying Spanish and Portugal state bonds. It is that ECB is sure of stabile economic situation in these countries.

750 billions euro are planned to be received from:
1) 60 billions euro of credits got by European Commission;
2) 440 billions euro of guaranties of the countries of euro zone;
3) 250 billions euro of IMF investments.

As far as Greece is concerned, its salvation is planned to be provide beyond this stabilizational mechanism. It is accepted that the first tranche within the three-year long anti-crisis program Athens will receive just until May, 19. It will be 110 billions euro.

Dealers noted that the loss of support here could well be the catalyst for a more active reduction couples originally $ 1.3425/20 and $ 1.3405/00, while generally threatened testing will be at around $ 1.3360. They also reported that Ofer now appear near $ 1.3470, while the larger pile in the range of $ 1.3490/00.

Euro has notably cheapened but still remains overvalued. Debt problems of ‘P.I.I.G.S.’ countries will delay Euro zone’s coming out of crisis and the European Central Bank will be forced to keep euro on record minimum much longer. These are the forecasts of specialists.

Gold futures in the general system of electronic trading at the US exchanges have lost $30 and now are $1157 per ounce. Meanwhile the prices of contracts expected to August of the next year have fallen down to $42 and are $1150 per ounce.

At the beginning of the exchange in Hong Kong gold value has been about $1186-1187 per ounce but several hours later it has been reduced to $1145-1146.

EURO now keeps its positions at the level of $1.4967/€1. Dealers report that French investment bank is at the side of currency buyers and the strongest demand is noticed at the point of $1.4935/30.

Undoubtedly the virtual behavior is very useful but the solution of only ethic tasks won’t help to remove the causes and consequences of crisis. The idea of production harmony and general welfare has been supported by the Pope Paul II and the British labourist Frank Field.

Almost all collapses in financial markets begin from monetary booms. Tax and regulation systems’ promotion of financial innovations’ development complicates banking. But if such activities lead to breaking so why are they promoted? In particular most of economists consider that fictitious accounts are usually more important than discretion.

The rate of gold being kept now on $1000 per ounce is going to grow up its top on Christmas Eve due to reducing USD and oil demand.

As we know, gold depends greatly on dollar, so now dollar rises and gold rapidly drops down. US gold futures for December delivery on the COMEX division of the New York Mercantile Exchange fell $3.00 to $1,138.90. Analysts said gold was likely to take support from interest in the metal as a hedge against inflation.

So, we expect further growth of dollar and we are looking for some surprises commodity markets…