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Analytics and Market news

Wednesday, 2 November 2011

Technical leap before G20 summit

IC IFG CAPITAL, Alexey Sidorov

On Tuesday share sales were empowered under the pressure of European problems on domestic stocks. Claim of Greece’s Premier-Minister of referendum concerning the new aid package taking became the central topic yesterday.

Bears dominated in the USA too. After MF Global bankruptcy fears of Americans concerning financial sector stability grew. Pessimism was enforced by weak business industry activity statistics in October.

The majority of shares of UX index basket were traded on the negative territory. Trade volume increased.

By analyst of IC IFG CAPITAL Alexey Sidorov, some unexpected news may be brought by meeting of Georgios Papandreou with European leaders. His previous claim may be disowned with the next concessions of EU. Fall on the European stocks may also be restrained by results of G20 summit.

Following substantial statistics will be published today:

9:55 Manufacturing activity index PMI of Germany

9:55 Unemployment index of Germany

14:15 Labor changes in non-agricultural sector by ADP (the USA)

17:30 Interest rate claim (the USA)

Asian indices show different dynamics. Chinese SSEC increased by 1,38%. Japanese Nikkei, Korean KOSPI lost by 2,21 %,  0,61 %  respectively.

EUR-USD exchange rate and oil price leap from yesterday’s positions.

Russian RTS index opened the day on the positive territory.

Positive external background was formed on the opening.

The Futures for UX – UX-12.11. Technical analysis.

On the 4-houred timeframe the price is below the Parabolic indicator. Oscillators keep the sig to sell.  The trend is lateral.

On the quarter timeframe the price placed below the Parabolic indicator. Oscillators keep the sign to buy. The trend is lateral.

Analytical department of IC IFG CAPITAL forecasts Futures and Index increase by the end of trade session as a result of correction upward leap after great falling during last two days.  

IC IFG CAPITAL, LLC
Alexey Sidorov

www.ik.ifgcapital.com.ua

www.ifgcapital.com.ua



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