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DAILY ANALYSIS for 30.09, 2013 & 01.10,2013:

We are sharing here the latest today's fprex updates and analysis

Asian and European trading sessions:

Euro: The EUR / USD pair fell to $ 1.3475 during the Asian session. The report from the Statistical Office Eurostat showed that in the month of September the annual rate of inflation in the euro zone fell to its lowest level in three and a half years, which suggested that the European Central the bank has an opportunity to postpone for a while region's economy stimulus, if it would be necessary. The EUR / USD pair is trading during the European session traded in a narrow range with no particular trend.

British Pound: The pound fell against the dollar, as many market participants were waiting for tomorrow's publication of the results of the index of manufacturing activity PMI, which accordingly the forecasts of economists, will rise to two-year high in September and will reach 57.5. Meanwhile, today's data showed that the business lending in August fell to ?3.8 billion dropping during last six months by more than three times then its average decline. Compared with a year earlier the loans declined by 3.6%. The volume of loans to small and medium-sized companies fell by 3.2% compared to the same period of time. The GBP / USD pair dropped to $ 1.6125 during the European session.

Japanese Yen: The yen rose against all major currencies and reached a three-week high against the euro amid growing demand for safer assets related to the possible dissolution of the Italian government. The USD / JPY pair fell to Y97.54 during the European session.

American trading session:

U.S. Dollar: The dollar fell to a month low against the yen after the U.S. Senate has not held its meeting yesterday, and brought it to on Monday. The meeting will consider the law on the refinancing of the government budget commitments which have to pass the House of Representatives.

Euro: The euro edged higher against the U.S. dollar despite the political tensions in Italy against the background of some improvement of risk sentiment. Talks about the fact that the Italian senators from PdL party could support the Prime Minister Enrico Letta, circulated among the market participants and positively affected the dynamics of the euro. The Fitch agency issued a statement on the situation in Italy, warning that if on Wednesday at the voting the government of Enrico Letta will not receive a vote of confidence, the financial goals of the country might be jeopardized.

Gold: Despite of the uncertain future of the Fed's incentive program, the gold rose today in price. The threat of closure of U.S. government agencies was the main reason for that. The cost of the October gold futures on COMEX rose to $ 1350.95 an ounce and then fell to $ 1322.50 an ounce.

Oil: The cost of WTI oil brand fell to its lowest level in nearly three months, while the U.S. government facing off funding, which could reduce demand in the world's biggest consumers of oil. The cost of the November futures fell to $ 101.00 a barrel on the NYMEX.