Rmb: Ben, start the machine!

On reviews RMB , June 7 was another day this week, which is from the beginning carried a huge powder charge that can significantly affect the quotations of virtually all assets traded on financial markets.The main intrigue was the speech of Fed Chairman Ben Bernanke, but rather the ability to initiate them further round of quantitative easing QE3.Most investors are practically no doubt that Ben will be more emphatic than his colleagues at the ECB.But the head of the Fed, not used to be predictable, was not that of today.All performances were held in neutral colors.

Foreign Exchange Market also decided not to jump to conclusions, at least until the end of the conference, you never know, but suddenly the Fed postponed something for dessert.The pair EUR / USD, step back a little initially to the level of 1.2544, and then, apparently realizing that the disorderly movement can not last long, to rethink everything that has been said Bernanke.He did not say anything about the possibility of launching a new round of the QE, but noted that "nothing, including QE3, can not be ruled out in advance."According

RMB , the Fed remains ready to act if necessary to protect the economy in the event of worsening financial crisis.Thus, Ben did not meet expectations of those who sincerely believed in QE3, suppressing all the bullish mood that was present in the market.The European currency has changed with rising motion vector on the downlink and went down.Trading session was closed near the level of 1.2560.Furthermore, an additional reason for sales was the fact that the rating agency Fitch downgraded the rating of Spain, as they found that under the new circumstances, for the normalization of the country's banking sector the government will need at least 60 billion euros, which is about 6% of the national GDP.Moreover, the rating outlook is "negative", since it reflects a serious risk of further downgrades.As a result, risky assets were once again under intense pressure from the fundamental bases.Consequently, as soon as all attention will again be focused on the upcoming Greek elections with the potential for partial settlement of economic problems, has developed around the currency bloc.Downside risks are relevant in the future.

British pound waiting for their own macroeconomic data.The main mouthpiece, which was made by the Bank of England announced its key interest rate.In addition, the market was present likelihood that the Bank of England is just the first to give the green light to the program of quantitative easing QE.But since that did not happen, the pound have been no serious grounds for weakening its own data kursa.Po RMB , currency GBP / USD pair reached a daily high near 1.5599 level, but towards the end of the trading session lost some positions, yielding togeneral bearish tone that has emerged in the market.The pound retreated by more than 50 points, to close at 1.5596.

Australian dollar showed again a beautiful upward movement.After the opening of the trading day near the level of 0.9925, the Aussie immediately went upstairs, testing daily high in 1.0001.Significantly contributed to the surge of positive interest rate cuts in China, which, however, literally evaporated after Fed Chairman Ben Bernanke did not meet market expectations and did not hint at the upcoming round of quantitative easing.Thus, in spite of such a height, the pair AUD / USD still had much to retreat.As a result of the trading session was closed at the level of 0.9892.

Japanese yen again pressed their positions.Daily volatility was more than 50 points, which, according to RMB , is powerful enough movement for the currency pair USD / JPY.The closing price is more than 40 pips above its opening price, having hooked for the level of 79.62.Throughout the trading session on a pair of catalyst movement is performed dollar.The lack of signals of long-term refinancing program only strengthens the dollar, allowing him a little push the Japanese currency.However, this pressure is just what you need to Japanese authorities.