After sweeping last week, and the weak results of January U.S. stock indexes rebound on Monday looks quite natural. Leading indicators added 1,1-1,5%, the foundation for yesterday"s growth has published statistics. Data on consumer spending in December (0.2%) were slightly lower than forecast (0.3%), and yet, it"s - the growth, the index of industrial activity in the U.S. ISM has surpassed forecasts and rose to a maximum value since August 2004 -- 58,4 points.

This time, market participants are openly ignored the weak performance of the construction costs, which fell by 1,2% (against an expected decrease of 0.5%), and figures showing the growth of the coming inflation: jumped dramatically sub - ISM price index, as well as guiding the Fed on inflation - an index of PCE was higher than forecasts. Rising inflation and, possibly, good employment data published on Friday, could bring the time the Fed increases rates, which means that the dollar will resume its growth and returns downward dynamics in the stock markets. Click to continue »

global equity markets
Last week confirmed the dominance of the markets currently advocates a cautious investment tactics, preferring for the time out of much more expensive over the past year, shares and commodity assets, at least until the world economic outlook has become more defined. Even the paper is very positive statistics in conjunction with encouraging speeches of representatives of the United States authorities were not able to return the market to the path of sustained recovery. The resulting short bursts of buying activity invariably ended with profit-taking and the continuation of the fall.

released on Friday, according to preliminary data, GDP growth in the U.S. 4 th quarter of 2009 surpassed the most optimistic expectations of U.S. experts and was 5,7% (to level 4 quarters of 2008) against the market consensus forecast of 4.8%. Index of personal consumption of citizens for the same period increased by 2% compared with the forecasted 1.8%.

Completion of the trading session on Friday in the United States marked the decline of the major stock indexes on 0,5% -1,5%. At the same time, European platforms, managed against a background of strong output of financial statements and statistic data from the U.S. to stay in positive territory.

The week started a corrective mood of investors commodity and stock markets are likely to continue. At the same time as last week, a series of expected news will be able to interrupt it for a while: in the United States will be published a lot of interesting statistics, foremost among which will be the January statistics on the labor market to spiral on Friday, the Bank of England and the ECB will hold meetings on Thursday, the outcome of which will be voiced interest rates and plans for further monetary policy in the regions.

On Monday, U.S. President Barack Obama will report on the country"s budget for 2011 fiscal year, will be sounded at the same time reducing the prospects of the budget deficit over the next few years. Click to continue »

European stock markets finished the day in positive territory. Macroeconomic data for the whole region have been mixed, so the index of consumer confidence in Britain has shown positive dynamics. At the same time, data on unemployment while being slightly better predictive values, but in general remain at a fairly high level. Statistic data from the United States destroyed the beginnings of the negative, allowing markets to end the day in positive territory. Moreover, their contribution has made an impressive record company Infineon Technologies, as well as the optimistic forecasts BMW and Henkel. Supported by mining stocks and energy companies, commodity platforms.

Meanwhile, the American share platforms were unable to remain in positive zone on the basis of the day. Investors initially was encouraged by the strong statistic data, in further preferred to be fixed. The reason for this was weak results and disappointing forecasts. Disappointed bidders with the results, companies such as Chevron and Sandisk Corp. Click to continue »

On Friday, the U.S. stock market dominated by pessimism, despite upbeat GDP data for the 4 quarter.
So GDP in the fourth quarter totaled 5.7% against the forecast 4.7%, however, in general, due to higher stocks in warehouses in the hope of further sale.
also worth noting that in January 2010 was closed in the red, and the first 5-Th trading sessions in positive territory, thereby repeating the situation in 2009. Who will win this year?

At the end of the trading session U.S. stock indices closed in the red /Dow Jones -0.52%, S P500 -0.98%, NASDAQ -1.45% /.

From a technical point of view, on Friday the Dow Jones index at the beginning of the trading session tested the upper limit of downward flag, after which the index set a new local minimum of 10044.66 points in the formation of the 5th wave. The lower boundary of the flag in the area of 10060 points and was able to provide good support. A weekly schedule is closed in favor of "bears", and a month - falling star, which in February to confirm. This week, after the formation of the 5th wave is allowed correction of the fall and rebound against the euro bucks, where the maximum to reduce the under 1-second pulse appears mark 1.3645-1.3650 and 1.385.

remind that the Dow Jones index form 5 wave decline down in the 1-second pulse. After his graduation bulls will be adjusted every drop of 23.6% -50% of Fibonacci. To do this, "bykam" should pierce 10238 points and 10044 to keep the item.

At the same time on the MACD indicator is a triple "bullish" divergence, it is therefore likely that in the 5th wave, bounce protection could be the 2nd subvolnoy, then began on 3-th subvolna to 9940 points, but while this option is unlikely need a smashing figure.

Today, the level of resistance for the market participants will mark 10220 and 10270 points and 10315 points. Click to continue »

Dynamics
Quotes of the oil market on Thursday, January 28 and results of the auctions closed with a decrease in value against the background of strengthening U.S. dollar on the foreign exchange market, FOREX, and also because of the negative dynamics of equity markets and adjacent areas.

At the New York Stock Exchange NYMEH the March futures price of U.S. crude fell by 0.03, or 0.1%, and its price was 73.64 dollars per barrel.

The exchange ICE in London, Brent crude futures price fell 0.11, or 0.1%, to 72.13 dollars per barrel.

Causes
On Thursday, Jan. 28 quotes on the market of "black gold" closed with a decrease in price under the following factors: 1 - strengthening of the dollar in the FOREX market against the backdrop of economic output makrostatistiki and news (investors are increasingly worried that problems with a public debt of Greece and other countries affected by the euro area, in addition, rating agency Standard Poor "s has indicated that it no longer considers the UK banking system to the most stable and having low-risk banking systems in the world), 2 - negative dynamics of the stock of sites where action United States passed the position, led to lower sector technology companies (Dow Jones industrial average - 10120.46 (-115.70, or -1.13%), Nasdaq Composite - 2179.00 (-42.41, or -1.91%), SP 500 - 1084.53 (-12.97, or -1.18%)), 3 - reduction in adjacent markets, namely the drop in market prices of precious metals, 4 - investors refrained from active operations against the background of weak demand for oil in the U.S., which is the world"s largest oil consumer. Click to continue »

global equity markets
U.S. Federal Reserve meeting and the annual message to Congress, Barack Obama returned to stock market traders optimistic about the restoration of the American economy.

Central Bank of the United States reassured investors by stating that a key interest rate in the country will be maintained in the range of 0-0,25% more for an extended period of time, accented with attention to improving the economic climate in the United States and the absence of significant growth inflation. Thus, Fed officials reaffirmed their intention to keep monetary policy with a soft, atleast until such time as long as they permit low rates of inflation.

Barack Obama, speaking tonight before the Congress, encouraged by the market participants plan to establish the country"s new jobs and support small businesses. They will become a priority for the U.S. economy this year. In the course of Barack Obama"s speech traders on world stock markets started to return to prudent purchases.

Major U.S. stock indices closed yesterday in green with slight modifications. Dow Jones Industrial Average rose to 0,41% - to 10,236.16 points, Standart Poor"s 500 added 0.49% - 1097.5 points, Nasdaq Composite rose by 0,8% - to 2221.41 points.

limiting growth factor was the data from the real estate market: in December, new home sales unexpectedly fell to 342 thousand in comparison with the November 355 thousand - the market participants, in contrast, had hoped to increase to 366 thousand Given the previously seen a sharp decline in sales the secondary market, the news should be perceived as unfavorable.

Metal Market
The main industrial metals seem to have affected substantial corrective mood. Click to continue »

Preserving 9 votes to 1, in accordance with the consensus forecast of the base interest rate in the target range of 0% -0.25% and the discount rate at 0.5%, the Federal Commission for open markets while the U.S. Federal Reserve commented on the situation:

Fed continues to buy problem mortgage-backed securities in the total amount of $ 1.25 trillion mortgage and debt obligations amounting to 175 billion dollars to support real estate markets and revive mortgage lending. Fed will gradually slow the pace of these purchases, to avoid the severe market fluctuations, with the completion of the entire program is scheduled for the end of the 1 st quarter.

At the same time the Fed reserves the right to adjustment in the terms and provided for these purposes in the light of developments in the economy and financial markets.

In the light of improving the performance of financial markets, the Fed will stop the implementation of special measures to provide additional liquidity to February 1. Click to continue »

Despite the fact that the day for the single European currency began not in the best way, by mid-session EUR managed to win back a little.

So, by 13:15 Moscow time the euro is worth 1.4078, compared with the morning near 1.4030 marks, and yesterday"s close of 1.4072.

support for the euro currency were the statistics for Germany - and if the first digit of Saxony were not the most optimistic, then later released figures for other parts of Germany have stabilized now. Eve also learned that the Greek authorities were able to implement five-year bonds to fulfill promises to reduce the budget deficit - news for the euro currency, in general, too bad. But while the euro traded only under the influence of American news background.

Today, all attention is focused on the players up a two-day meeting of the Federal Reserve System in the United States. Click to continue »

The international currency market on Tuesday once again dominated by pessimism. Weak stock market indices and the dynamics of mixed macroeconomic statistics pushed up quotes traditionally "safe" currencies. The most confident in herself, the1000Japanese yen. Despite the revision of the SP agency forecast on long-term credit rating to negative in Japan, the players continue to leave in the currency of refuge against the backdrop of uncertainty surrounding Greece, emerging issues in China, and in anticipation of the announcement of the outcome of the meeting the U.S. Federal Reserve.

commodity currencies once again declined under pressure from speculation about possible new regulations by the Chinese banks to substantially limit the amount of granted loans. The threat of slowing economic growth in China affects the price of commodity assets.

significantly decreased up to the day the British currency. Left worse than expected UK GDP data for the IV quarter of provoking the closure of long positions on the pound. According to the National Bureau of Statistics, the economy of the United Kingdom in October-December 2009 quarter showed a modest increase in 0,1%. Meanwhile, market participants expected better results (0.4%). Click to continue »

U.S. stock indices closed lower on Friday assured. Major sales occurred in the financial sector, where"d play concerns regarding Obama"s plan to reduce the size of banks, the imposition of restrictions on trade in its own facilities and etc.

oil and gas sector also suffered significant losses. In a moment futures for Brent oil tested support around $ 72. To date, the futures rebound, forming a local bottom. Potential rebound goal located in the region of $ 75-78 per barrel.

In the Asian session, the stock indexes traded in the temperate region minus. Prevalence Sellers noticeably weaker than would be expected based on the outcome of trades in the United States.

possible buyers supported the confidence that a re-election of Ben Bernanke to head the Fed for another term.

on the SP 500 Futures traded at around 1097 points by testing during the Friday session of 1087 points. At the moment fluctuations in the futures look within the range of 1080-1110 points. Expect the development of rebound up with a potential target in the vicinity of 1110-1120 points. Click to continue »