Forex news. For the first time this year the index of sentiment at large manufacturers has gone above zero level and moved to plus 10.3 in July-September from minus 23.3 in April-June.
Companies have also raised their capital expenditures forecasts for the following 12 months to 5.4% from the previous value of 4.9%.
Smaller, in comparison with the predicted level, rise of expenditures in wholesale trade became another proof of improved conditions for doing business. The actual rise has amounted to 2.6% versus the initially predicted 2.7%.
Nevertheless, despite this rise, the average yearly rise of the index of sentiment at large manufacturers has been decreased to plus 13.6 from 17.4. Slower economic recovery than was had been expected and lasting strengthening of national currency rate were called the main reasons of this.
As admitted by the experts of Masterforex-V Department of In-Depth Trade System Study, Japanese yen rate keeps forming bear wave А(С) of Weekly level. 75.93 – the absolute minimum that was reached on August 19, 2011, 75.06 – 123.6%, and 74.30 – 138.2% will be the main levels of support. Correctional motion will only be formed after a bullish wave of Daily level is formed by breaking sloping channel MF and pivot MF at the level of 0.8022 with the support of АО indicator.
