On Thursday 26.01.2012 domestic investors played the news that the USA FRS will hold the interest rates on the ultimately low level longer than it was previously expected. Bulls were also supported by rumors that Greece is almost coordinated the conditions of debt restructuring with private creditors. The majority of index basket shares were traded on the positive territory. Trade activity increased in more than two times.
Confident growth of quotations was seen on European stocks too. Favorable Italy’s bonds placement was an additional driver. Yield of securities with zero coupons decreased with the placement from 4.853% to 3.763% on the similar auction in December; herewith demand weakening was noticed too.
The USA stock indices could not overcome the strong resistance due to weak labor and homing statistics and stepped to the red zone.
Quantity of unemployment applications increased more than expected during the previous week.
New housing trade volumes decreased too and appeared to be less than forecasted value. Orders for durables did not disappoint investors which increased by 3% in December. Corporate reports is neutral in general because balance of companies who exceeded expectations and companies whi disappointed them is close to 0.5. Сaterpillar, Colgate-Palmolive Co., 3M appeared to be better than expected. AT&T Inc. Company did not justify the hopes.
Negative external background was formed on the opening. By analyst of IC IFG CAPITAL Alexey Sidorov, European stock indicators will be corrected downwards, if not receiving the support from the USA (GDP statistics for 4th quarter) or there will not be the truthful prove of compromise achieving by Greece.
Forward market analysis. Put/Call Ratio decreased to 0.41. The sign is bullish.
The Futures for UX – UX-3.12. Technical analysis.
On the 4-houred timeframe the price placed below the Parabolic indicator. Oscillators signs are generally for purchase. The trend is bullish.
On the quarter timeframe the price broke the line of Parabolic indicator. Oscillators formed the sings to sell. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the results of the trade session.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
