September 10th, 2009

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Forex Market for 10/09/2009

Thursday, September 10th, 2009

 

Judging from the dynamics of quotations corporate securities market and trends in the cost of the most marketable commodity futures, the activity of the global financial and investment segment continues to recover.

According to information published yesterday, Beige Book The Fed in 11 of the 12 districts of the U.S. Federal Reserve's economy in the past two months, or stronger or showed signs of stabilization or improvement. Since the beginning of the crisis is the first evidence that review the Fed, indicating significant increase in activity in the economy of America and the possible end of the period of recession.

Apparently, this information is in favor of further development of the process to increase investment in risky assets, which, in the coming months are likely to be affected and the global credit segment.

Given the recent joint statements of the leading countries of the world, announced the continuation of supportive monetary and fiscal policies, as well as taking into account the very relevant for financial institutions the task of rebuilding the capital in an increasingly competitive market in the near future would probably be quite difficult to go against the policies of regulators . Click to continue »

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Before leaving the MICEX index set new annual records, he has every chance to return to the area of 1110-1120 points

Thursday, September 10th, 2009

The opening of trading on Russia's stock market today is seen with a gap up to the limits of 0,5 - 1% of the popular papers. In our view, the morning rise of short-term speculators to better fix the long positions and humble greed, warmed tempting technical goals up. It is possible, of course, that today bears will have all day to howl at the monitor, but the correction is near.

Tenders have recently been overly emotional, and we doubt that the quotes will decide to hike to the peaks, the first straight off lines, won this week.

We believe that, before leaving the MICEX index set new annual records, he has every chance to return to the area of 1110-1120 points to test as a support, which is in the range of the downtrend line from the beginning of June 2009 and draw another pivot point bull trend from July 13.

So what chance, it is obvious that for Cycles in the long positions has yet to introduce the speculators in the near future. But playing on the side of the bears while the MICEX index above the level of 1110-1120 points is very dangerous. Open a short positions appropriate to either the breakdown of this support, or when the indicator will appear at the points of resistance 1230-1220, resulting not only the location of the peak year, but the level of correction of Fibonacci 50% to the fall of quotations from May to October 2008.

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Technical Analysis Dow Jones index

Thursday, September 10th, 2009

Yesterday the U.S. stock market once dominated by the optimistic mood among market participants.

It looked better than the market quotation of shares of industrial companies, including Caterpillar and General Electric.

Today, market participants should pay attention to the publication of data on the number of applications for unemployment benefits, as well as the trade balance.

At the end of the trading session U.S. stock indices closed in positive territory /Dow Jones 0.52%, S P500 0.77%, NASDAQ 1.11% /.

From a technical standpoint, yesterday the Dow Jones index continued to rebound the formation of correct reduction of 28 August is at 76.4% of Fibonacci in the 9490 items, some of which closed down the index. In addition, the Dow Jones index almost reached the maximum in the region of 9628.39 points, while the daily chart the index is already overbought.

At the same time, now on the hourly chart of the MACD indicator starts forming bear divergence, and the indicator Stochastic's on sale. Click to continue »

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Expert: Ukraine has long been necessary to switch reserves from dollars to euros

Thursday, September 10th, 2009

global financial system in the current volatile market conditions needed diversification of reserves, and Ukraine, given the current trends in the country, has long been necessary to move from dollars to euros.

This opinion was expressed RBC-Ukraine Head of the analysis of financial markets, ING Bank Ukraine Alexander Pecheritsyn, commenting on the statement by UN experts on the need to diversify the world's reserves by reducing the share of the dollar.

Everything had to diversify, so as to keep all your eggs in one basket is unwise, especially in the current volatile market conditions, and in Ukraine in the first place, - he stressed.

This expert recalled that the European Union for us is now the largest trading partner.

At the same time, according to Pecheritsyn, any sudden or abrupt transition statement weaken the dollar, which remains today the world's main reserve currency. Click to continue »

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