Domestic stock market opened the week with a weak growth. The UX index showed more than +1,4%
at the moment, but suffered great losses in the second half of the day because
of weak manufacturing activity information from the USA. High volatility is a sign of
unreadiness of participants to perform large purchases. Analyst of IC IFG
CAPITAL Alexey Sidorov believes that current lateral trend will go on during
several next days.
The USA stock indices showed the drop.
Quotations will be supported today by the
information from the USA
concerning the approval of a governmental debt limit increase and deficit of
federal budget reduction plan by the White House and leaders of both parties.
Starting from yesterday EUR-USD exchange rate
shows descending dynamics.
We estimate the external background on the
trade opening as negative.
European indices closed the day on the negative
territory too, under the pressure of weak corporate reports and threat of
financial situation worsening.
Financial reports of 53% out of Stoxx 600
companies which published financial reports for the previous quarter balked
investors’ expectations.
Russian RTS index opened the day with a drop.
Following substantial statistics will be
published today:
15:30 PCE Price Index (the USA)
15:30 Private expenses (the USA)
The
Futures for UX Index 6.11. Technical analysis.
On the 4-houred
timeframe the price placed above the Parabolic indicator. Stochastic and RSI
keep the sign to purchase. The trend is lateral.
On the quarter
timeframe the price placed below the Parabolic indicator. Stochastic and RSI
are in zone of reselling. MACD formed the sign to sell. The trend is bearish.
Analytical department of IC IFG
CAPITAL forecasts index and futures decrease by the end of trade session, if
index closes the first half of the trade session below the level of 2300
points.
Composed by Analytical
Department
IC IFG CAPITAL, LLC
Alexey Sidorov
www.ik.ifgcapital.com.ua
www.ifgcapital.com.ua
