starts the day a moderate rise in

U.S. stock indicators closed again on Monday with a raise. SP 500 index peaked almost a year. When individuals do not grow on anything, the market heats itself: investors buy securities, following the recommendations of major investment banks. Amid the continuing optimism on the stock market, the EUR /USD on Monday updated the annual maximum, reaching 1,464. Extremely low rate of LIBOR encourages investors to sell the U.S. currency and buy more profitable assets and currencies. Analysts say Citigroup EUR /USD in the near future will continue to strengthen, while maintaining the capacity to test the level of $ 1,472. Today will be published report of the Center for European Economic Research ZEW expectations of investors and analysts. If the published data will exceed market expectations, it may cause a new strengthening of the euro against the dollar.

Oil prices since early September is very weakly correlated with these processes in the foreign exchange market. The cost of a barrel of Brent oil traded on Tuesday morning near the mark of $ 68/barr. That roughly corresponds to the average values of yesteryear. Gold prices continued to trade near a stable mark of $ 1000/unts. Today's trading in Asia in general are in the zone of modest recovery of stock indices: MSCI Asia 0,76%.

The opening of our market shares on Tuesday we will see in the zone of moderate growth. I think it would be appropriate to use the morning rise in quotes for non-aggressive profit-taking. Day the most liquid index of paper in the near future will not have a shortage of buyers, as the external background is still painted in green tones. The greatest volatility in the markets we see today in the evening, when the block will be released statistics from the U.S..

In the 16-30 - the August data on producer price index (PPI) (Forecast: 0.8% m /m, -5.4% y /y). At the same time extend the data on retail sales in the U.S. (forecast: 2.0%). Here, investors will arrange just very positive figures, because at that time in America program was launched Cash for avtohlam. And, finally, in the 18-00 waiting for performances of head FRS of Ben Bernanke on the financial crisis in Washington.

Click to continue »

rise of Russia in the market may be a good time to lock in profits

trading session on the eve выдалась quite volatile. Opening of Russia's markets took a serious gepom down, which was closed during the session. Thus, within the day Russia's market showed an upward momentum, as relating to the improvement of the external background, and optimistic about the market participants to further the dynamics of trades, thereby cheapened purchases of shares. Following the session, the MICEX index closed in symbolic minus.

Opening Russia's market today is seen in the positive zone, which is based on the external background: after the closure of Russia's market futures for U.S. indices and oil prices continued to rise. U.S. index futures traded slightly higher than the levels at which Russia held a closed sites. The main positive factor here is the fact that the futures on U.S. indexes kept these heights. In particular, futures on the SP 500 index traded above 1,040 points mark. Futures for Brent crude went above the level of $ 68 a barrel, which would have an important driver of growth at the opening today. Upward trend in the black gold is connected with another weakening of the U.S. dollar: the currency pair EUR /USD traded above the 1.46 mark.

So, yesterday's growth since the subsidence of the morning today at the opening will continue. In my opinion, in the beginning of the session appropriate to take profits, because after such a significant growth (for yesterday's session of the MICEX index was able to return more than 2% lost at the opening), Russia's market needed a correction. Thus, the bulls today may be enough for a while. Positive mood can take a breather, which is slightly adjust the market. Thus, in the beginning of the session recommend to close speculative long positions. Also, profit-taking at the opening contributes to the dynamics of futures for U.S. indices, which do not want to grow in anticipation of statistic data.

also contributes to the saturation of profit-taking session on the publication of statistic data. Today will be announced as the data on the European and the U.S. economy. At 12:30 Moscow time block statistic data will be published on the UK economy, but the announcement of data, in my opinion, can only slightly adjust the course of bidding. The main event of the day will be the announcement of the data on the U.S. economy at 16:30 Moscow time. On the eve of a key point of the day on world markets can be observed sales, associated with access to the cache. As the U.S. economy should provide data on the production of inflation and retail sales. In particular the data on producer prices will depend on future policy on the Fed rate.

At the opening of Russia's most liquid securities of the stock market will test the resistance levels, near which I recommend to close the position. In particular, Gazprom shares test the 175 rubles., While shares of LUKoil - 1673 rub.

Shares of the banking sector will also be in demand among market participants. Sberbank shares test the 60 rubles., While shares of VTB - 4,75 cop. However, for the penetration of these levels requires significant drivers of growth, which has not, as the retention of these levels contributes to the saturation of the session to the publication of statistic data.

The acts metallurgists situation is similar. The weakening U.S. dollar will boost prices of metals that will support the company's sector. The opening also recommend to take profits because of high risks associated with the publication of indicators.

Click to continue »