On Wednesday 07.09.2011 domestic players took part in rally, caused by Obama’s next economic stimulation plan. Investors on global markets are tired of black news background of recent days and pluck at every cause for growth.
Two events became such causes in Europe. One of them is decision of German Constitutional Court of authorities of political decision concerning Greece aid. Another one is creating the stabilization fund to support other Euro-zone countries and successful promotion of budget economy plans in Italy.
The USA published important economical indicators in the end of the trade session that is why great increase of indices is all due to President’s speech. The Beige Book was not surprising and its influence on the trade was minimal.
EUR-USD exchange rate consolidation cocks after yesterday growth.
Asian indices show different dynamics. Chinese SSEC dropped by 0,41%. Japanese Nikkei, Korean KOSPI increased by 0,34 %, 0,72 % respectively.
Russian RTS index opened the day on the positive territory, but pointed down soon.
Following important statistics will be published today:
14:45 Interest rate of ECB.
15:30 The USA trade balance.
15:30 Unemployment applications (the USA).
Neutral external background formed on the opening. Lateral trend is the most likely in the 1st half of the day, expecting for the information of trade balance and unemployment applications in the USA.
The Futures for UX Index UX-9.11. Technical analysis.
On the 4-houred timeframe the price placed below the Parabolic indicator. Stochastic and RSI formed signs to purchase. The trend is bearish.
On the quarter timeframe the price placed above the Parabolic indicator. Stochastic and RSI are in zone of rebuying. MACD keeps the sign to buy. The trend is bullish.
Analytical department of IC IFG CAPITAL forecasts index and futures increase by the end of trade session, if index is fixed on the positive territory in the 1st half of the day.
