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Analytics and Market news

Monday, 26 December 2011

Growth following RTS?

IC IFG CAPITAL, Alexey Sidorov

Domestic investors closed the week with sales despite the quotations growth in the USA and Europe within the pre-Christmas optimism and positive statistics.

The majority of shares of UX index market closed the day on the negative territory.  Trade activity on the market of application dropped to the record low figure.

Herewith, positive statistics on the USA durables and new housing sales did not cause the visible enthusiasm on the Ukrainian market, which speaks about substantial quantity of participants ready to close long positions before holidays and save the potential for further technical drop.

It is worth to admit the prolongation of tax benefits on wages funds by the USA Congress as positive news, as far as it speaks for growth of chance of compromise achieving between leading parties concerning the ways of budget deficit reduce.

Claim of Ex-Deputy Head of China Central Bank that this entity may mitigate demands to reserves of banking deposit this year, which makes the bullish news.

Following statistics will be published today:

17:00 Conference Board  Consumer Trust Index (the USA)

Asian stock indices move in different directions. Chinese SSEC, Korean KOSPI lost by 0.67%, 0.56% respectively. Japanese Nikkei increased by 1.00%.

EUR-USD exchange rate and Brent oil price give the bullish signs.

Russian RTS index opened the day on the positive territory.

Positive external background was formed on the opening.

The Futures for UX – UX-3.12. Technical analysis.

On the 4-houred timeframe the price placed above the Parabolic indicator. Oscillators keep the signs to buy. 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 increase by the results of the trade session, within playing Friday growth in the USA, if index is fixed over the 1450 points in the first half of the day.

IC IFG CAPITAL, LLC

Alexey Sidorov

ik.ifgcapital.com.ua
www.ifgcapital.com.ua



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