Beginning of the week
was characterized with the events-poor macro-economical background and annoying
Greece problem and it became the favorable time to technical downward
correction. Domestic stock indices were traded worse than its European and
Russian colleagues. The last ones managed to significantly reduce their morning
losses by the end of trade session. Positive information of manufacturing orders
of Germany promoted upward leap. This figure stepped into the positive
territory in December and exceeded the forecasted value.
The majority of shares of UX
index basket were traded in the red zone. Liquid shares of Ukrnafta (+0.13%)
and of energy-generating companies looked better than market within the
expectations of governmental packages sale. Trade activity on the market of
applications significantly decreased.
By analyst of IC IFG CAPITAL
Alexey Sidorov, today global markets will dubiously show the strict trends. Attention
of investors to struggle around the measures of economy by Greece government will
be enforces, which will affect EUR-USD exchange pair and stock assets. Still ,
there is some time till March 20 when Greece will pay its debts. Fitch
decreased the range of Italian banks and this will not affect markets because
country’s rating decrease is followed by the decrease of credit ratings
decrease of its financial institutes. Today is the first day of the USA debt auctions
which means that negative moods during the session will be formed.
Negative external
background was formed on the opening. China is the global decreasing
driver. Stock indices of this country suffer losses. Apparently, investors
overestimate economical prospects because of previously published statistics.
We remind you that prices for housings decreased the fifth moth in a row.
Chinese consumers feel unconfidently, which blemished the New Year sales (their
growth reached only 16%, whi9ch is the minimal since crisis 2009).
Forward market
analysis. Put/Call Ratio leaped
upwards from the 12-day minimum and reached 0.37. The signal is neutral.
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 bullish.
On the quarter timeframe the
price placed below the Parabolic indicator. Oscillators are close to their
minimal values. The trend is lateral.
Analytical department
of IC IFG CAPITAL forecasts index and futures neutral dynamics by the results
of trade session. From one hand, domestic market keeps the bullish potential.
From the other hand – we expect the negative influence from developed markets.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
