On Wednesday 23.11.2011 bears
prevailed on global markets. Pressure to the quotations was caused by the
situation worsening on EU debt markets, low efficiency of European politicians
in elaborating anti-crisis mechanisms, weak EU and the USA statistics.
Failing auction on German bonds
placement and the information from European Commission meeting, which witnesses
strong differences between German and French approach to crisis problems,
became the triggers of decrease. It is also worth to note the unexpectedly
rapid fall of industrial orders in Euro-region in September. Disappointing
information on expenses and applications for unemployment benefits was published
in the USA.
The USA and EU stock indices
suffered great losses
The UX index resisted external
negative and was traded in lateral trends. The last drop of bearish domination
was fast drop of Michigan University Consumer Sentiment Index. The majority of
shares of index basket were traded in the red zone. Trading activity in the
market of applications slightly grew.
Today following substantial
statistics will be published:
11:00 Business climate IFO index of Germany
11:30 Great Britain’s GDP
Asian stock indices
move in different directions. Chinese SSEC, Korean KOSPI increased by 0,10 % and 0,67 % respectively. Japanese Nikkei
lost 1,8% affected by monthly governmental report and European problems.
Government of the country downgraded outlooks for capital expenses for the
first time during last 6 months due to profits decrease.
EUR-USD exchange rate
and Brent oil price demonstrate an upward leap.
Russian RTS index
opened the day with a growth.
Positive external
background was formed on the opening. By analyst of IC IFG CAPITAL,
Alexey Sidorov, there is a possibility of upward leap within the idea of
decreasing reasons absence (holiday in the USA, no important events in Europe).
The Futures for UX –
UX-12.11. Technical analysis.
On the 4-houred timeframe the
price is below the Parabolic indicator. Oscillators are in zone of reselling.
MACD keeps the sign to sell. The trend is bearish.
On the quarter timeframe the
price placed below the Parabolic indicator. Oscillators do not give the
univocal signs. The trend is bearish.
Analytical department
of IC IFG CAPITAL forecasts index and futures growth.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
