On Thursday 22.09.2011 domestic stock indices lost their positions following European and American ones. UX index kept from reaching new minimums and consolidated near 1420 points afternoon, despite the avalanching drop of Russian RTS (-8,6%). The majority of UX index basket shares were traded in the red zone. Trade volumes on UX market of applications increased.
Running from risks in the USA were strengthened by weak statistics from labor market. Certain support to quotations was given by index of leading economical indicators, which increased by 0,3% by the results of August 2011.
Today there will be no substantial macro-indicators published, which makes suppositions to the formation of technical upward leap in Europe and the USA.
EUR-USD exchange rate speaks for this trend; it pushed off the local minimum yesterday.
Certain intrigue is made by the summit of financial authorities G20 in Cannes. Agenda of the meeting contains issues concerning the tax on financial operations in Europe, elimination of economical disbalance, reformation of global currency system and limits arranged for speculations on commodities.
Asian indices are on the negative territory. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 0,88%, 2,07 %, 5,73 % respectively.
Russian RTS index stepped to the red zone on the opening.
Neutral external background was formed on the opening.
The Futures for UX – UX-12.11. Technical analysis.
On the 4-houred timeframe the price placed below the Parabolic indicator. Stochastic and RSI are close to their minimal values. The trend is bearish.
On the quarter timeframe the price placed below the Parabolic indicator. Stochastic and RSI are in the zone of reselling. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts index and futures increase by the end of trade session.
