Monday, 21 September, the U.S. stock market the first half trading was characterized by mixed dynamics against a background of uncertainty investors continued growth in shareholder value. The index of leading indicators and demonstrated growth of at least the fifth month in a row, however, analysts were expecting a more significant increase in the indicator.

By 20:00 Moscow barometer of blue chips, the Dow fell to 0,274% to a value of 9 793.31 points, more than a wide SP 500 index fell by 0,297% and achieved a mark 1 065.13 points. Rate with a large proportion of high-tech stocks Nasdaq added 0,286% to the value 2 138.96 points.

Shares Petroleum and mining sectors suffered the heaviest losses among the companies comprising the index, SP 500, against the background of cheapening black gold and metals. Thus, the paper Exxon Mobil and ConocoPhillips lost 1,17% and 1,24% of the value, respectively, and quotes the leader of the American aluminum producer Alcoa fell 1,13%.

Paper potash producer Potash thinner at 2,32%. The company lowered its forecast for earnings per share based on the current year from $ 4 - $ 5 to $ 3,25 - $ 3,75, which was below the average forecast of analysts. Click to continue »

USD /JPY

prices are testing the resistance level of 91.55. If it is over, continue growth, the primary purpose of which is likely to become a mark 92.00. The probability of this outcome suggests that the trend indicator OsMA at 4-hour chart (Figure 1) acquired a rising trend. At the same time, SS (included in the overbought zone) and RSI have identified a U-turn down, thereby signaling the commencement of the reverse of the mark to 91.00. The situation on the hourly chart (Fig. 2) testifies in favor of correction. OsMA and both oscillators are turned in a bearish direction.

Thus, in my opinion, the possibility of opening positions on the purchase with a close stop-loss is worthwhile to consider only after confirmation of breaking the resistance level of 91.55.

Support: 91.00, 90.70, 90.00, 89.70, 89.00, 88.40, 88.00, 87.30, 87.00, 86.00, 85.00, 84.40/30.

Resistance: 91.55, 92.00, 92.40, 92.70/85, 93.00/20, 93.60/50, 94.10/00, 94.60/50, 94.90/95.00, 95.30/40, 95.90/96.00, 96.30, 96.60, 97.00, 97.50/75, 98.00, 98.35, 98.60.

USD /CHF

prices flocked to the 1.0320 resistance level. If it is over, continue growth, the primary purpose of which is likely to become a mark 1.0400. In favor of such an outcome can say that the trend indicator OsMA at 4-hour chart (Figure 3) is directed upwards. In the same direction and both fixed oscillator. Similarly, the sum and the situation on the hourly chart (Figure 4). OsMA confidently directed upwards. Top designed and SS, and RSI, which so far shows no signs of reversal. All this confirms the assumption that the probability of a breakthrough price of the resistance level and continue the uptrend.

However, in my opinion, the possibility of opening long positions with a close stop-loss is worthwhile to consider confirmation of a breakthrough after the resistance level 1.0350.

Support: 1.0320/00, 1.0250, 1.0200, 1.0175, 1.0130, 1.0100, 1.0070, 1.0650, 1.0615/00, 1.0550, 1.0500/1.0490.

Resistance: 1.0350, 1.0400, 1.0445, 1.0490/1.0500, 1.0550, 1.0600, 1.0650, 1.0700,1.0730, 1.0750/60, 1.0800, 1.0840/50, 1.0900, 1.0935/40, 1.0970, 1.1000/10, 1.1050 /60.

EUR /USD

prices are testing the support level 1.4670. If it is overcome, it is worth waiting for further falls, the primary purpose of which is likely to be a mark 1.4630/25. In favor of such an outcome sufficiently clearly indicate lights on the 4-hour chart (Fig. Click to continue »

Dynamics

Quotes of the oil market on Friday, Sept. 18 closed with a slight decrease in price caused by the strengthening of the dollar in the currency market FOREX, despite the positive dynamics of the major U.S. stock indices.

At the New York Stock Exchange NYMEH the October futures price of U.S. crude fell by 0.43 and its price, therefore, amounted to 72.04 dollar per barrel.

The exchange ICE in London, Brent oil price fell 0.23 to 71.32 dollars per barrel.

Causes

On Friday, September 18 quotes on the market of black gold amid falling Asian stock markets retreated from highs current session of 72.41 dollars per barrel. However, given the stable profit on European stock exchanges and in connection with the good economic performance the price of oil remained in the range of 71-73 dollars per barrel. American trading session did not bring about significant changes in oil quotes. Over the past week black gold has risen in price by more than 4% and were in the top of the two-month range of 65-75 dollars per barrel.

From the news it is worth noting the message of Venezuelan President Hugo Chavez that the agreement signed during his recent visit to Moscow, a joint venture between Russia's national oil consortium and the state oil corporation, Petroleos de Venezuela is already directed to the approval of the National Assembly. Click to continue »

Modest growth in the lateral intra-day dynamics of completed major U.S. indexes (DJI - 0.37%, NASDAQ - 0.29%, S P500 - 0.26%). Investors do not take decisive action in anticipation of meeting the U.S. Federal Reserve to further credit policy (Tuesday and Wednesday of this week). In the absence of meaningful statistics - slightly negative, the dynamics of futures for the major U.S. indexes. The predominance of the tendency to reduce world oil prices on the background of a slight strengthening of theU.S. currency sparked a little profit-taking in the shares of the energy sector. The index's largest oil companies fell by 0.38%. Negative dynamics prevalent in the banking sector shares. At the end of the day, shares of Citigroup fell 3.62%, shares of JPMorgan fell by 0.02%, shares of Bank of America rose 0.11%.

mixed dynamics - the stock markets of Latin America last Friday (Brazil - 0.78%, Argentina - minus 0.49%, Mexico - minus 0.25%), but the predominance of negative sentiment in Asia today against the backdrop of the day off in Japan (Korea -- minus 0.25%, China - minus 0.95%, Taiwan - minus 0.32%). Click to continue »

The American stock market at the end of the week on a neutral background newsletter attempted to return to the left on Thursday maxima (SP 500 0.44%). Cheerfulness players gave a statement by the head of the Ministry of Finance Timothy Geithner to terminate the program guaranteeing money market funds, which was seen as an additional signal of transition of the economy to recovery. Support was also provided by increasing investdomami recommendations on a number of shares, such as Procter Gamble, Chevron, SanDisk, Toll Brother and KB Home. Greatest demand paper telecommunications companies and companies producing goods of daily demand, moderate losses were recorded in the shares of banks. On Monday futures for U.S. indices (SP 500 -0.34%) indicate the return of correctional attitudes.

In Asia on Monday in the absence of freshincentives to purchase and profit-dominated (Shanghai composite -1.75%, Hang Seng 0.21%). Click to continue »

Europe

indices of the Old World have fallen by an average of 0,5% - in the absence of a coherent macroeconomic statistics, the initiative passed to the corporate sector, which proved to be not the best way. The eve of reporting season, feared player on the justification for a six-month rally grow.

America

indices of the New World grew 0,25-0,4%, against a background of permanent revision of forecasts for Securities (certainly for the better) by leading analysts. In general, some other reasons to pick up quite difficult, and projections - is the positive factor and the driver, which makes markets grow past six months.

raw materials, currency and so on

industrial metals on the auctions in London on Friday have fallen in price: the short side of the range remains valid and the border. Not the last role in the dynamics of commodity markets has played the U.S. dollar, which is slightly stronger against a basket of currencies.

Gold once again returned to the mark of $ 1000. Generally, gold is possible to observe the formation of a global technical figures, similar to the inverted head and shoulders. Click to continue »