Carry trade gets out of fashion, and analysts promise to dollar new sales

Posle how the Big seven has bypassed a subject of strengthening of euro and falling of dollar, analysts expect, that leaving from risk will continue to grow, that reduction of speculative operations carry trade and the further strengthening of yen means. At the auctions in Europe on Monday of steam dollar/yen it was stabilised in the field of mark Y114.00 after volatilnoj the Asian session. Dealers say about presence optsionnogo a barrier in the field of Y113.00 which will appear under the threat if there is passed the basis of the previous session at level Y113.25. If the barrier is broken, the basis of September on Y112.60 becomes the following purpose. Interest to sales is saved around Y114.50 and Y114.80/85 with stops vyshe.

Analysts Lloyds TSB predict the further falling of dollar, proving the point of view that in the beginning of week an economic calendar enough empty, therefore in trade the currency markets will scoop a direction at the commodity and share markets, and also in conversations on interest rates of the USA, considering, that chances of decrease in rate FRS next week have grown to 90 %. In Barclays Capital also consider, that US dollar new minima wait, and save the forecasts on steams of euro/dollar and dollar/yen at levels of $1.4500 and Y112 till the end of a year though find them too konservativnymi.
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