Russia market will decline in February, fueled by negative external signals. Strong U.S. GDP statistics for the IV quarter led to skyrocketing quotations on domestic sites, which was not recorded, which will increase the pressure "bear" factors at the opening. The U.S. market was closed on the eve of the session lows, despite positive GDP data, which once were considered by investors through the prism of the policy of low rates, raising the risk of increasing rates. The Dow Jones lost about 0.5%, to close near the psychological support of 10,000 points, which enables a technical rebound. Futures on the SP 500 index after a significant reduction in consolidated near the short-term support, which contributes to rebound, the growth potential of over 1%.
On plots Asia prevail "bearish" sentiment, which is associated with a decrease in futures for U.S. indices. Chinese index lost about 2%, consolidating near session lows.
Thus, after the drawdown at the opening of Russia"s market may remain at the level attained without attempting to close the morning gap down.
In addition to the dynamics of world stock indices, the sale helps the situation in the commodities market. Appetite for risk participants significantly weakened, resulting in a lower pair EUR /USD. This placed pressure on commodity instruments. Futures Brent crude is trading near the lower boundary of the medium-term uptrend. Technical factors contributed to a reversal upward in the medium term, but the risk is high penetration of the lower limit caused by the strengthening U.S. dollar. Support on a pair of EUR /USD rate is 1.38, which last summer was formed upward dynamics.
With consolidation at such low levels of open long positions do not recommend. However, technical factors suggest that bounce up today will still be formed. MICEX at the opening could test the lower boundary of the channel 1400 - 1405 points, where penetration of which the index can strive towards the mark of 1,345 points. After a negative start trading on an index level of resistance will be the 21-day moving average - 1413 points.
Inside the course of the day trades can be corrected by the data on personal spending and income, and expenditure on construction. Prior to the auction in the United States will be published the results of Exxon Mobile. In addition to external factors and internal pressures will market news in the form of statements of "Gazprom" for 9 months of IFRS and reporting to Rosneft in 2009 by US GAAP.
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