Ukrainian Globalist

Who needs a weak yuan? What will the exchange rate between the dollar? Technology companies deftly move production around the world only to find the most favorable conditions for himself. Apparently, now they have to make the next leap forward in this direction. Bank of China on Saturday announced that he intends to continue the reform of exchange rate policy and increase the flexibility of RMB exchange rate. In a statement posted on the bank’s Web site states that the established boundaries of fluctuations yuan (0,5% per day) remain unchanged. At the same time the Central Bank intends “to focus on the reflection of market demand, taking into account a basket of currencies”.

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Dow Jones Industrial is approaching a dangerous risk. Dow Jones Industrial Average is coming out with 10,442.41 points. The only decent support for the Dow index, analysts said the revaluation of the yuan. The most discussed topic in the markets – the revaluation of the yuan (the Bank of China on Saturday said it will continue the reform of exchange rate policy and increase the flexibility of RMB exchange rate). Although Chinese authorities have not made statements on how the revaluation will be implemented.

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Oil prices go into the red zone at the auction commodity markets. A significant decrease in demand is due to concerns buyers situation in the euro area. Oil futures Brent and Light Sweet have fallen in price since the beginning of the day more than $ 1 per barrel. At the moment the price of oil futures transactions were ($ / bbl.): – Light, Sweet Crude Oil (July) – 76.77 (-1.0557) in the range of quotations 76,53-77,84; – IPE Brent Crude (August) – 77.80 (-1.02) in the range of quotations 77,56-78,82.

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Dow Jones Industrial Average started trading with strong growth, but at the end of the trading session began to fall rapidly. The level of support for the Dow Jones dropped significantly. Customers started to close short positions and they themselves have broken the positive trend. Bulls took the opportunity and started Dow Jones Industrial Average in the red zone. Trading in the U.S. on Monday June 21 ended lower indices. The initial euphoria associated with the decision of China to weaken the control over the yuan, had vanished. Investors have come to the conclusion that the change in the course of the Chinese currency would take time.

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Trading on stock exchanges in Asia Monday, June 21, will likely show growth of quotations on the background of commodity prices, exchange rates, reduced fear for Europe’s economic prospects and the outcome of trading in the United States. It should be recalled, that U.S. trading on Friday has ended in a slight increase in stock indexes. In the markets fell slightly concerns about the prospects for the European economy.

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Oil prices climb higher, thanks to hopes that the situation in the European economy is not very bad, as well as news from China. WTI futures rose by 1.32% ($ 1.02 per barrel) to the $ 78.2 per barrel, Brent futures gaining 1.44% ($ 1.13 per barrel) and kept at $ 79.35. Bank of China on Saturday announced that he intends to continue the reform of exchange rate policy and increase the flexibility of RMB exchange rate.

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Dow index is 10,563.78 points at the moment. DJIA gained 113.14 points (1.08%). Dow Jones Industrial Average gets new support from the country of the Rising Sun. During the first 35 minutes of trading on the exchange in Tokyo on Monday the main index Nikkei, reflecting the quotation 225 largest companies in the country, grew by 1.75% or 174.76 points, to 10 169.78 points, which is a monthly maximum. The index of wide spectrum Topix gained 13.39 points and was 898.03 points.

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China’s claim of first revaluation of the yuan becomes a signal for growth in the euro today. In addition, the weak yuan great pleasure bulls on the blue chip Dow Jones Industrial Average. Dow index could rise to record levels today. Buyers expect a record trading volume on the NYSE today. Dow Jones Industrial Average may be the growth leader in the stock market. Thus, the euro-dollar opened today with gepom up after Saturday China announced that it will allow its currency to become more “flexible” and signaled the possibility of ending two years of pegging the Yuan to the dollar.

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