End of the
week was noted with bullish trend correction, which started in the early
January. Rapidly worsened external background became the reason for it – new
signs of Chinese economy growth slowdown, dissatisfaction of international
creditors with Greece government’s measures of obligations fulfillment, weak US
statistics.
All shares of UX index basket were traded on
the negative territory. Trade activity on the market of applications
significantly increased.
Investors moods on the European stocks was
determined by the factor of approval of second tranche of financial aid to
Greece and claim of Finance Minister of Germany who expressed his doubts that
Greece is capable to fulfill its obligations.
Bears dominated in the USA too. Consumer trust
index of Michigan University dropped in February to 72.5 points from 75 points
a month ago. Analysts expected the index to drop to 74.8 points. Trade balance
deficit increased in December more than expected.
Today investors moods will be affected by the
Greece Parliament taking additional measures on budget expenses reduce and by
different GDP and business activity statistics of Japan. GDP decreased in 4th
quarter by 0.6% against fall by 0.3% expected and +1.4% previously. Business
activity index in the sphere of services increased, exceeding the forecasted
value. Greece’s Parliament approved the package of unpopular measures,
realization of which is needed for obtaining the next financial help tranche
from EU and IMF. Nevertheless, by analyst of IC IFG CAPITAL Alexey Sidorov, the
short-term bearish potential of Greece factor is too soon to neglect before the
final approval of help package to the country.
Positive external
background was formed on the opening.
Forward market
analysis. Put/Call Ratio increased again (1.16). The sign is
bearish.
The Futures for UX – UX-3.12. Technical
analysis.
On the 4-houred timeframe the price placed below the
Parabolic indicator. Oscillators keep the sign to sell. The trend is bullish.
On the quarter timeframe the price placed below the
Parabolic indicator. Signs to buy dominate. The trend is bearish.
Analytical department of IC IFG CAPITAL
forecasts index and futures increase by the end of trade session, which will
have the effect of a leap after Friday fall.
IC IFG CAPITAL, LLC
Alexey Sidorov
ik.ifgcapital.com.ua
www.ifgcapital.com.ua
