EUR / USD, GBP / USD

There was a moderate pressure in the markets on Friday. The UK rating was downgraded by Moody's one step from Aa1 to Aa2 due to the approaching Brexit. The speech of British Prime Minister Theresa May in Spain was not optimistic. Britain will not be part of the EU customs union, a pattern of relations with the European Union since it's not yet been worked out. However, it will be a scheme-agreement not according to the Canadian type. The September balance of production orders in the UK from the CBI fell from 13 to 7. The pound decreased by 73 points.

Angela Merkel from the bloc of CDU/CSU won the elections in the German parliament, gaining 33.0%. While Martin Schulz (SPD) is on the second place and gained 20.5%, as the "Alternative for Germany" (AdG) acquired 12.6% of the vote. Under the Merkel bloc, only the "Green" (9%) and the Democrats (FDP) agree to create a coalition - 10.7%. The ruling party has weakened while the real opposition, which is the extreme right of AdG and passed into the Bundestag for the first time, will be a very risky bloc as of this moment due to a new wave of nationalist movements.The sentiment index in business circles in Belgium for September run down from -2.1 to -5.5 points. The euro declined by 53 points during the opening on Monday.

A lot of speeches were made by the Central Bank's officials. Today at 2:00 PM London time, Mario Draghi speaks at the European Parliament Committee on Economic and Monetary Affairs. At 5:40 PM London time, Charles Evans (FRS) speaks at the economic club in Michigan regarding economic and monetary issues. William Dudley is speaking in New York, but his theme is about the concerns on the workforce development. However, this does not interfere with the indirect monetary stimulus associated with it.

The sentiment index in business circles of Germany Ifo for September is expected to increase from 115.9 to 116.0 today. Tomorrow in the United States, sales of new homes for the assessment in August are expected to increase from 571 thousand to 591 thousand. Probably, L. Brainard, L. Mester, and J. Yellen prepared new arguments for the decision to reduce the balance sheets, making clearer statements about the rate increase in December.

We are expecting the euro at 1.1820, then in the range 1.1745 / 75. Pound sterling is expected in the range of 1.3380-1.3400.

AUD / USD

The results of the parliamentary elections became known in New Zealand. The largest number of seats in the 120-seat parliament was won by the National Party - 58. The Labor Party takes the second place - 45. Coalitions with small parties will not bring a clear majority among other parties with possible difficulties with the formation of new government. "New Zealander" in the Asian session loses 76 points.

Tomorrow, New Zealand publishes the trade balance data for August with a negative. As there is an expected decline in exports from $4.63 billion to $ .05 billion, while imports are forecasted to increase from $4.55 billion to $4.80 billion. Accordingly, the balance may amount to -825 million against 85 million in July.

Iron ore traded in Australia lost 3.8% ($ 63.56 per tonne), while during the US commodity exchange yesterday, showed a decline of 2.62% ($ 69.72). The prices for oil, non-ferrous metals, and grain crops dropped.

The economic data for Australia did not come out this week. The pressure on the Australian dollar is generally increasing. We are expecting for the prices at 0.7870 and further in the range of 0.7810 / 30.