On Tuesday 20.09.2011 UX index moved in trend of recent days – consolidating under the resistance level of 1500 points. European investors actively play the middle-term reselling within the idea that Greece default will not be admitted. Participants of domestic market were oriented to the way of trade in Russia and Europe, which was growing. Uncertain start of trade in the USA affected by inconclusive statistics from housing market led to the substantial downgrading in-day correction, but UX index managed to stay on the positive territory.
By the results of trade in the USA – there is no reason for optimism. DJI negligibly moved upwards. S&P500 lost 0,17%.
In the second part of the session, investors switched to the defensive regime, doubting that FRS is ready to take the real economical actions.
Today the quotations of European banks will be under the pressure. German concern Siemens drew EUR 500 million from account in large French bank and transferred money to the European Central Bank (ECB). Large governmental bank of Chinese People’s Republic terminated all currency operations with a range of European banks.
Among the substantial statistics, today we will see published:
17:00 Housing sales on the USA aftermarket.
Asian stock indices are in green zone despite an earthquake and typhoon in Japan. Chinese SSEC, Japanese Nikkei and Korean KOSPI increased by 2,60 %, 0,23 %, 0,89 % respectively. Quotations were supported by the information from labor market of South Korea. Unemployment level in August totaled 3,1% against 3,3% in July. It was expected to increase to 3,4%.
Russian RTS index opened the day with a drop.
It was neutral external background on the opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price placed below the Parabolic indicator. Oscillators do not give the univocal signs. The trend is bearish.
On the quarter timeframe the price placed below the Parabolic indicator. Oscillators are close to their minimal values. The trend is lateral.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the end of trade session, if index will be fixed lower than 1450 points level in the first half of the day.
