News of the Bank
Financial news
Bank in MM
•31 july
Insignificant decrease of quotations on precious metals market
As of June 31, situation at precious metals market was characterized by insignificant quotation decrease by midday. Today at morning trade session in Asia, gold was traded at $908, 50-$915, 50 per ounce. Gold trade on New York Mercantile Exchange was opened at $910, 10, afterwards it increased somewhat its position. On July 29, New York Mercantile Exchange closure was fixed at $916, 00 per ounce.
Rates growth is observed on all kinds of credits at DEPO-market
International foreign exchange market. Today market expected most of all the issue of GDP indexes of the USA for the second quarter of the current year. From the morning USD started decreasing. Some macroeconomic data on the economics condition of European states were the reason for it as well.
•30 july
Quotations decrease on precious metals market
As of July 30, situation at precious metals market was characterized by quotations, fluctuation range was about $20 per ounce. Gold prices dropped as a result of oil price decrease, shares and US dollar strengthened. Today at morning trade session in Asia, gold was traded at $900,50 — $919,50 per ounce. Gold trade on New York Mercantile Exchange was opened at $905,10, afterwards it decreased somewhat its position. On July 29 New York Mercantile Exchange closure was fixed at $915,00 per ounce.
US dollar reached an all-time high against Euro and Swiss Franc
International foreign exchange market. Today US dollar reached the higher range by now against Euro and Swiss Franc. After yesterday’s leap of American currency market participants were not very active. Currency fluctuated at the range less than 100 points. Index of business activity in Eurozone decreased in July 2008 to -0,21 points, being +0,13 in June. Today’s index became the lowest rate since May 2005.
•29 july
Gold price is expected within $923, 00-$932, 00 per ounce on July 30
As of July 29, situation at precious metals market was characterized by quotation steady fixing, fluctuation range was about $8-10 per ounce. Today at morning trade session in Asia, gold was traded at $924, 50-$932, 50 per ounce. Gold trade on New York Mercantile Exchange was opened at $924, 10, afterwards decreased somewhat its position. On July, 28 New York Mercantile Exchange closure was fixed at $927, 00 per ounce.
•28 july
Quotations stabilization on precious metals market
As of July 28, situation at the precious metals market was characterized by quotation stabilization. Today at morning trade session in Asia, gold was traded at $927, 50-$932, 50 per ounce. Gold trade on New York Mercantile Exchange was opened at $928, 10, afterwards it increased somewhat its position. On July 25, New York Mercantile Exchange closure was fixed at $927, 90 per ounce.
US dollar continues to be in demand at the Ukrainian interbank foreign exchange market
At the Ukrainian interbank foreign exchange market US dollar continues to be in demand among market participants that attests also dynamics of rates that remain invariable second session on the trot. If previously after the NBU interventions US dollar started to go down on the next day, then on Friday and today, USA currency showed only positive dynamics. Trading was opened today at the range of 4, 60/4, 66, and when active trading opened the trade range moved to 4, 62/4, 64 per $1. Further under the influence of moderate demand the US dollar quotations increased and reached 4,63/4,67, where remained unchangeable till the end of trading. On previous day the session was closed at the range 4, 63/4, 70 on Friday.
•25 july
On depositary market stated decrease of local currency interbank credit rates
Today on Ukrainian interbank foreign exchange market bid was conducted with growth tendency due to yesterday’s NBU interventions, which has communicated that on Thursday had purchased more than 200 millions of Euro at stated rate — 7, 3195/€1. Session started today at the level 4, 605/4, 66 per $1, but when active bidding started the rate changed into the range of 4, 61/4, 64, where remained for quite a long time. For 1-1,5 hours till the bid closing the trading band moved to 4,63/4,70, being 4, 615/4, 65 on Thursday.
Quotations of gold futures at СОМЕХ became stable
As of July 25, situation at precious metals market was characterized by quotations rise. Today during at morning trade session in Asia, gold was traded at $928, 10 — $934, 50 per ounce. At the opening of New York Mercantile Exchange gold at sale was at $929, 90, afterward it increased somewhat its position. On July 25, New York Mercantile Exchange closure was fixed at $926, 50 per ounce.
•24 july
Gold futures quotations dropped on Thursday as a result of fund markets’ growth.
As of July 24, situation at precious metals market was characterized by quotations decrease during the first half of the day. Today at morning trade session in Asia, gold was traded at $922,5 — $930,5 per ounce. Gold trade on New York Mercantile Exchange was opened at $923,50, afterwards it decreased somewhat its position. On July 23, New York Mercantile Exchange closure was fixed at $920,75 per ounce. London morning fixing on July 23, amounted to $927,75 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $934,75 per ounce.
FOREX market overview on Thursday July 24, 2008
At the bid opening in Europe, Euro and Swiss Franc have lowered insignificantly against US dollar but soon European currency began to grow. GBP from the very morning was losing its positions against world currency. At the end “cable” decreased with more than 100 points.
•23 july
Gold prices decrease followed oil prices decrease and stabilization of USD
As of July 23, situation at precious metals market was characterized by quotations decrease during the first half of the day. Today at morning trade session in Asia, gold was traded at $938,5-$948,5 per ounce. Gold trade on New York Mercantile Exchange was opened at $938,00, afterwards it increased somewhat its position. New York Mercantile Exchange closure was fixed at $934,75 per ounce. London morning fixing on July 23, amounted to $961,50 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at 973,00 per ounce. Gold prices at London bids dropped because of oil prices decrease and USD stabilization.
US dollar growth against Euro and Swiss Franc
International foreign exchange market. US dollar grew today against Euro and Swiss Franc and decreased against Great Britain Pound. US Dollar grew significantly due to oil sale, its up growth constituted two weeks maximum against Euro. Oil price decreased till USD 126, 5 per 1 barrel. American currency had a strong back up due to yesterday’s declarations of American authorities.
•22 july
Gold quotations increased at the precious metals market
As of July 22, situation at precious metals market was characterized by quotations increase during the first half of the day. Today at morning trade session in Asia, gold was traded at $974,5-$965,5 per ounce. Gold trade on New York Mercantile Exchange was opened at $973,00, afterwards it decreased somewhat its position. On July 21, New York Mercantile Exchange closure was fixed at $965,50 per ounce. London morning fixing on July 18 amounted to $961,50 per ounce, while the exchange rate of the National Bank of Ukraine was fixed at $964,00 per ounce.
Fluctuation of rates on depository market
International foreign exchange market. In the morning the USD currency was traded sluggishly, though at the opening of American session the USD currency started to grow. During the European trading session, strong macroeconomic rates were not published. US dollar was traded at pair Dollar/Euro in narrow corridor — 35-40 points, GBP and Swiss franc grew insignificantly.
•21 july
Prices for gold and silver went down as a consequence of oil price decrease on July 21
As of July 21 the situation on the precious metals market was characterized by quotations rise during the first part of the day. Today during the morning trade session in Asia the gold was sold at the price $958, 00-$967, 5 per ounce. At the opening of NY Mercantile Exchange the gold was sold at the rate of $967, 00, afterwards, the price lowered insignificantly. At the closing moment, on 18 July, the NY Mercantile Exchange rates were fixed at $955, 50 for ounce.
The decreasing dynamics of USD rate against UAH is maintained on Ukrainian interbank foreign exchange market
The decreasing dynamics of USD rate against UAH is maintained on Ukrainian interbank foreign exchange market, it started from the day of last the NBU intervention operated on 15 July, 2008 when the NBU was purchasing USD at rate of 4, 75/$1.
•18 july
Gold and silver prices have decreased after the oil price decrease
As of July 18, situation at precious metals market was characterized by quotations decrease during the first half of the day. Today at morning trade session in Asia, gold was traded at $958,00-$957,5 per ounce. Gold trade on New York Mercantile Exchange was opened at $958,00 level, afterwards it decreased somewhat its position. On July 17, New York Mercantile Exchange closure was fixed at $956,50 per ounce.
On DEPO-market the crediting rates in local currency have shown the tendency to light growth
On Ukrainian interbank foreign-exchange market the situation almost didn’t change from Thursday. Bidding started at a lower price than yesterday — 4, 60/4, 62. With new currency sellers entry on the market the rate lowered till 4, 60/4, 615. The offer was much higher than demand. Main actors for selling currency are banks with foreign investment capital. The lowest rate level was maintained at UAH 4, 595 — 4, 60 for USD 1. After 12:30 bidding dragged without spirit and USA dollar “grew” till 4, 60/ 4, 6250. Today major part of deals was arranged by market participants at the rate of 4, 60/ 4, 61, when one day before for USD 1 it was operated at the rate 4, 605/ 4, 625. The National Bank of Ukraine didn’t take part in bidding today. The NBU didn’t as well undertake any intervention that’s why the USD rate was maintained at a low level.
•17 july
Gold and silver prices decreased because of sharp oil prices decrease and USD rate growth.
As of July 17, situation at precious metals market was characterized by quotations decrease during the first half of the day. Today at morning trade session in Asia, gold was traded at $955,00-$968,50 per ounce. Gold trade on New York Mercantile Exchange was opened at $955,50, afterwards it increased somewhat its position. On July 16, New York Mercantile Exchange closure was fixed at $963,50 per ounce.
Main currency pairs were traded within a narrow price range.
International currency market. Main currency pairs were traded within a narrow price range today. During the European trade session US dollar has been dropping in relation to the messages of ECB on the inflation combating. Messages on some big investment funds’ looking for an opportunity to decrease dependence on American dollar have appeared as well.
•16 july
US dollar price moves up after oil futures drop
International foreign exchange market. After a
Gold and silver prices stop escalating after oil prices drop
As of July 16th, the situation at precious metals market was characterized by quotations stabilization before afternoon. Today at morning trade session in Asia, gold was traded at $969,570 — $973,51 per ounce. Gold trade on New York Mercantile Exchange was opened at $972,5 level, decreasing somewhat its positions afterwards. On July 15, New York Mercantile Exchange closure was fixed at $970,00 per ounce.
•15 july
Monday raise of gold and silver prices
As of July 15, situation at precious metals market was characterized by quotations increase before afternoon. During today’s morning trade session in Asia gold has been traded at the level of $970,70 — $985,10 per ounce. Gold trade at New York Mercantile Exchange was opened at $986,20, decreasing somewhat its position afterwards. On July 14th, New York Mercantile Exchange closure was fixed at $970,7 per ounce.
Swiss franc almost equals to US dollar
International foreign exchange market. Euro has reached today its historic maximum against US dollar — 1,6037. British pound has exceeded the level of US $2 per pound, and Swiss franc almost reached the US dollar price level.
•14 july
Pound sterling restarted to move slowly upward
International foreign exchange market. Today trading was not so active as it had been at the end of the last week. At the beginning of the day, the US dollar tried to regain positions lost on Friday.
Quotations of futures for precious metals increased by the highest level
On Friday, July 11, quotations of futures for precious metals increased by the highest level for more than three months against background of geopolitical apprehensions and situation in financial sector, record oil prices increase, weak US dollar as well as inflationary fears.
•11 july
Gold futures increased in price
As of July 10, situation at precious metals market was characterized by quotations increase. Gold futures quotations increased on Thursday thanks to purchases against the background of oil price increase, the US dollar decrease and fears concerning mortgage market in the USA.
At DEPO-market rates on interbank credits keep decreasing before the weekend.
International foreign exchange market. Exchange rates of the main currency pairs fluctuated before the noon within a narrow price corridor. With the opening of European trading session, the US dollar tried to increase a little against the comments by Jean-Claude Trichet, the Head of the ECB, on economic situation in the EU. Trichet stated that inflation in the Eurozone is still at a level which “leaves much to be desired”. Answering a question about further increasing of ECB’s discount rate, Trichet said that he had nothing to add on the topic.
•10 july
Precious metals became more expensive
Futures quotations on precious metals on Wednesday, July 9 increased against background of USD decrease, stopped decrease of oil prices and strengthening of geopolitical tension after Iranian trial of ballistic rocket, and Russia expressed concerns relating treaty on allocation of AMT USA signed between Czech and the USA.
USD started strengthening while European session opening
International foreign exchange market. While European session opening US dollar started to strengthen slowly due to the fact that today within many countries of Europe which economics do not have key influence on economics of European countries, there were published the data on the level of industrial production. One of determining factors of USD increase against main world competitors — oil futures prices decrease at exchanges. The decision of Bank of England on discount rate level drew special attention; however as most of analysts expected, the rate remained at the previous level — in 5%. Bank of England did not make any comments that is why, rate of British pound practically had no reaction to this event.
•9 july
Oil prices decrease caused pressure on gold quotations
As of July 8, situation at precious metals market was characterized by quotations decrease. Quotations on gold futures on Tuesday decreased against background of sharp oil prices decrease and USD increase, but gold managed to renew part of losses at the expense of closure of short positions at the end of the session.
Hryvnia liquidity saturation still present at the DEPO-market
International foreign exchange market. The US dollar corrected its positions today after two days growth. The Euro growth is caused by publication of information on GDP in the Eurozone which increased by 0.7% in the first quarter 2008 against the previous quarter and by 2.1% against the analogical period in last year. Jean-Claude Trichet held today a brief for continuation of ECB’s policy in the direction of rate increase. He said price stability risks in short term perspective are increasing and it is necessary to decrease such risks.
•8 july
Situation at gold market just reflects movement at the foreign exchange market
Gold price on July 8, decreased though by the end of trade session there were tendencies towards former positions recovery.
US dollar keeps increasing
International foreign exchange market. Today American dollar kept increasing. It showed positive dynamics against all European currency-competitors. Analysts connect this growth with comments relating possible crediting of American companies for recovery of US economy by Ben Bernanke Chairman of FRS.
•7 july
Prices on gold and other precious metals increased
According to Friday’s results, prices on main metals kept decreasing. After ECB’s decision to increase the rate, metals began to correct their positions. This decrease is stimulated by the US dollar strengthening; the dollar began to grow up again after having reached its lows. But despite drop in metals price, we are not still bound to consider the current correction as a new phase towards decrease. In short-term plan, we are more inclined to consider metals within the framework of a large stub. Gold trade on New York Mercantile Exchange was opened at $927.20 level, afterwards it decreased somewhat its position — up to $921.00. On July 3, New York Mercantile Exchange closure was fixed at $931.00 per ounce. Today at morning trade session in Asia, gold was traded at $919.4 — $925.8 per ounce.
US dollar showed insignificant growth against Euro and Swiss franc
International foreign exchange market. After long holidays in the USA, today dollar showed insignificant growth against Euro and Swiss franc. However US dollar showed the strong growth, more than 120 points against British pound. Such weakening of English currency is connected with “bad” data on the level of industrial production in Great Britain. Industrial production decreased 0,8% in comparison with April and 1,6% in comparison with analogous period of the last year. Analysts expected production decrease just 0,1%. In Germany the same index decrease 2,4%, while waiting decrease 0,4%.
•4 july
At the beginning of next week US dollar will slightly increase its price
International foreign exchange market. Today the main currency pairs fluctuated within narrow range. Bids were performed very flat as markets in the USA were closed due to Independence Day.
•3 july
Quotations increase at precious metals market
As of July 3, situation at precious metals market was characterized by quotations increase. Gold price in New York renewed lost positions at bids on Wednesday, and finished a day by moderate growth against background of oil becoming more expensive, caused by publication of data about energy resources reserve in the USA. While New York Mercantile Exchange opening, gold at bids was at the level $944,00, then slightly increased up to $930,00. On July 2, at New York Mercantile Exchange closure was fixed on $945,30 per ounce. Today during morning trade session in Asia gold was traded at the level $942-$946 per ounce.
US dollar is under the pressure at Ukrainian interbank foreign exchange market
International foreign exchange market. Today’s day was successful for US dollar. Euro/dollar pair lost almost 200 points, pound/US dollar — more than 100 points, USD/Swiss franc increased almost 150 points.
•2 july
Gold prices increase at precious metals market
As of July 2nd, 2008 situation at precious metals market was characterized by quotations increase. During today’s morning trade session in Asia gold has been traded at the level of $934,00 — $938,00 per ounce. Gold trade at New York Mercantile Exchange was opened at $936,00, raising somewhat its position afterwards. On July 1st, New York Mercantile Exchange closure was fixed at $939,70 per ounce.
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