The QEIII realization will be probably delayed. - 17.2.2012

US dollar American statistics propped up the interest of market players in risky assets. According to the US Labor Department data, Number of Americans, filled out the SSI applications, was reduced by 13000, which is equal to 348000 during a week on February 11th. The brought result has turned into minimal since March 2008. Meanwhile, the general index of business activity by the FRB Philadelphia has risen up to 10,2 from 7,3 for the previous month. Thus the labor market and the manufacturing sector signalize of restoration, allowing the Fed to have the QEIII realization delayed. Euro Asian and European sessions were marked with weakening of European currencies, due to Moody’s statement of rating revising for 17 European banks and institutions. EUR/USD has reached for its daily maximum at 1.2975. However, in the evening there were reports that the Euro zone central banks agreed to exchange Greek bonds on their balance sheets to new ones. This bonded swap will bring profit, as the ECB and other central banks of Europe will perform the exchange at nominal value, even though they bought the bonds with discount. The spoken above profit will be moved by the government of the E-17 countries via national central banks. The operation is planned to be finished on Monday, it will be a foundation to achieving the agreement on bonded exchange between Greece and private loaners. This news helped the EUR/USD pair with breaking through the level 1.31 and approaching the 1.3140 area. Yen Japanese currency kept weakening against key contractors, opening increase for the Quantitative Easing undertaken by the Central Bank at the last meeting. The day trading on Friday will be based on rumors. The important results for the market may be received on Monday.