On Thursday, 06.07.2011 the UX index totally won back the optimism of global markets and got close to the resistance level of 2350 points. Almost all shares of the index basket grew, trade volume increased.
The main growing driver of global stock indices appears to be the good information from the USA labor market, which keeps pressing EUR-USD exchange rate. The rate shows middle-term descending motion. Basis interest rate increase by European Central Bank gave the short-term support to Euro only.
The situation on the Euro-zone money market is not in favor of Euro too. The surplus banking depository reserves increased to its maximum since May, totaling EUR 57 billion.
Signs from the currency market may affect the quotations in Russia and the USA.
Asian stock indices majorly decrease. Chinese SSEC, Korean KOSPI dropped by 0,25 %, 0,01 % respectively. Investors took negatively the intention of Chinese government to decrease the investments to the row of important projects, including construction of high-speed railways and wind power stations. Japanese Nikkei grew by 0,66%.
Russian RTS index opened the day on the positive territory.
By Alexey Sidorov, analyst of IFG CAPITAL, the external background on the Ukrainian stock market opening may be determined as neutral.
Today we will see the following statistics published:
- 15:30 Quantity of working places in non-agricultural sector (the USA)
- 15:30 Unemployment index (the USA)
- 15:30 Average hourly wages (the USA)
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is placed above the Parabolic indicator. Stochastic is close to its maximum value. Oscillators do not give univocal signs. The trend is lateral.
On the quarter timeframe the price placed above the Parabolic indicator. Oscillators went to the reselling zone. MACD gives the sign to buy. The trend is bullish.
Analytical Department of IC IFG CAPITAL forecasts Index and Futures increase, if index overcomes the barrier of 2350 points by the results of the first half of trading session.
