UX index opened the week with a
slow decrease within the low trade volumes.
It was affected by the cut trading
day and long weekend.
Claim of Moody’s rating agency of
possible decrease of Ukrainian credit rating 2012 by several stages at the
meantime remains unplayed. The situation in Euro-zone is still tensed. Germany
placed bills (6 months) for EUR3.9 billion with the negative yield (-0.01%),
which is the first and only time.
It is also worth to admit the
strong downgrade of outlooks for American corporations yield. Thus, corporate
report season in the USA will unlikely be the reason for rally. It may be
confirmed by the report of Alcoa aluminum tycoon, which showed loss in the 4th
quarter, which slightly increased the forecasted value.
Russian RTS index is traded on
the positive territory.
Positive external
background was formed on the opening, which is majorly explained by the
technical leap of EUR-USD exchange rate and Iran oil factor.
Bullish moods on the markets are also
supported by Chinese trading balance statistics.
Its surplus reached $16.52
billion against $14.5 billion in November. Economists expected the positive
balance around $7.8-8.8 billion.
Forward market
analysis. Put/Call Ratio decreased on Friday to 0.78. On
Thursday this figure was 1.26. By analyst of IC IFG CAPITAL Alexey Sidorov,
interest decrease to PUT options approves the support of UX index at the level
of 1450 points and is a weak bullish sign.
The Futures for UX –
UX-3.12. Technical analysis.
On the 4-houred timeframe the
price placed above the Parabolic indicator. Oscillators do not give the
univocal signs. The trend is lateral.
On the quarter timeframe the
price placed below the Parabolic indicator. Oscillators do not give the
univocal signs. The trend is lateral.
Analytical department
of IC IFG CAPITAL forecasts index and futures increase by the results of the
trade session.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
