On Monday 23.01.2012
domestic investors played the appetite growth to the risks on developed
markets. The majority of shares of UX index basket were traded on the positive
territory. Banking sector looked better than market within the confident growth
of its European “colleagues”. Particularly, quotations of Italy’s largest bank
UniCredit, which is the parent company for Ukrsotsbank, increased by 10%.
Ukrnafta brought
positive too (+2.67%) due to high concentration of events which support global
oil prices. Libya civil war is now discussed actively, though it did not come
to an end, European Union finally formed the sanction packages against Iran,
which may lead to the war conflict, loading volume in Cushing terminal, the USA,
was decreased.
Herewith, by analyst
of IC IFG CAPITAL Alexey Sidorov, the low liquidity makes confident growth
slightly possible. Trade activity on the market of applications which reached
its local maximum on 19.01.2012 decreased the two days together.
Traditional
speculative growth was seen in Europe before the important events (FRS meeting
and EU summit). Termination of Greece negotiations with private investors
concerning the debt restructuring and transferring the next tranche from EU and
IMF is expected too. As a result, appetite to risk grew. This can be proved by
yield of 10-year bonds of the US treasuries, which increased to the maximal
level since last seven weeks. Bulls were not prevented from growth even by the
outlook of Bundesbank of German GDP slowdown to 0 in the 4th quarter
2011.
The USA stock
indicators moved in different directions on the background of local reselling
and lack of growth drivers.
Today the quotations
will be affected by external news – cancellation of EU anti-damping measures on
mixture of carbamide and ammonium nitrate from Ukraine (positive for Stirol).
Quantity of Ukrtelecom Internet users increased by 14.5% in 2011.
Neutral external background as
formed on the opening. Domestic market may be supported by Brent oil dynamics. European and
American indices are shortly repurchased. Negative picture on somewhat
macro-indicator of EU or weak financial results of American corporation may be
the reason for correction.
Forward market
analysis. Put/Call Ratio decreased to 0.54. The
signal is bullish.
The Futures for UX –
UX-3.12. Technical analysis.
On the 4-houred timeframe the
price placed above the Parabolic indicator. Indicators keep the sign to buy.
The trend is bullish.
On the quarter timeframe the price
placed above the Parabolic indicator. Oscillators do not give the univocal
signs. The trend is bullish.
Analytical department
of IC IFG CAPITAL forecasts index and futures decrease following developed
markets.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
