Further strengthening of the U.S. dollar may result in a strong correction in the market of Russia
Statistics on the U.S. economy, failed to meet expectations, broke the course of trading on Russia”s market, passing the leadership “bears”. Despite the significant sales, the MICEX index still managed to close in positive territory for more than 1%. However, the ruble indicator was unable to hold major support - 21-day moving average, passing on the level of 1410 points.
strength of the lower boundary of the uptrend, which still retained the MICEX index, will be tested early in the session. U.S. index futures after the end of trading on Russia”s markets have continued to decline: a future on the SP 500 index had gone to a minimum this year and trade at the beginning of November 2009. Resistance level for futures is the mark of 1,083 points; probably return to it in anticipation of positive preliminary data on U.S. GDP for the IV quarter. Technical factors contributed to a reversal up within days. On the U.S. market were trading in negative territory, and the results of the session indexes lost more than 1%. In leaders decline were shares of the technology sector on the background of weak records companies in the industry, which is reflected in the index of NASDAQ, which is up to the session lost 2,63%.
At the Asian sites dominated by negative sentiment, helped by lower U.S. futures indices. Some support markets has weakened the yen against the U.S. dollar, which supports the paper exporters. The leader of the region is the Chinese index, which is traded against the overall dynamics. Applications for an economic forum in Davos on measures to facilitate the continued growth in consumer demand in the country, triggered the positive dynamics of the Chinese market, but under pressure from general negative sentiment index fell in the red zone.
The main risk to the shares of domestic companies is the situation on the currency market, where the U.S. dollar continues to strengthen against the euro. Pair EUR /USD has already gone to the levels of last July. The situation on the currency market took away the futures on Brent oil to the lower boundary of the rising channel, which was formed in the summer of 2009. In the case of penetration of futures on Brent oil in the feed down - which is possible for the further strengthening of the dollar - on Russia”s market can be formed by a powerful correctional downward movement in particular, due to sales by non-residents. Thus, at present the risk of opening the medium position is high.
Opening Russia”s marketto a negative external background will happen in the negative zone. Futures on the U.S. indices after a sharp decline on weak statistics can partially recover the loss under the influence of technical factors and on the expectation of strong data on U.S. GDP. In the case of futures on the retention of current levels of oil in the first half of the trading day is likely a technical rebound. Before the publication of GDP recommended to close the position because, according to the statistic data, voice-over on the eve of the U.S. economy is not recovering as fast as expected, so the GDP data may well not meet the expectations.
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Analyst Ratings
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The key event of the day will be the data on U.S. GDP, which will be published at 16.30 Moscow time
Today, the fall in the market of Russia is unlikely to be active, as players will be expected GDPce6data for the U.S. 4 Quarter
This morning the picture on the world markets again looks quite sad, it puts pressure on Russia”s indexes
By WGC-1, one of the leaders of the growth of the previous two days, investors will be announced today record profits in the short-term correction
Collapse of Russia”s market of today is not worth waiting, the MICEX index endure above 1370-1360 items
Trading volume on the stock market, MICEX Stock Exchange on Thursday totaled 107.39 billion rubles
In the first minutes of trading, the bears, taking advantage of the external background, misled the market to the level of 1390 points and will try to break
Today is not excluded sufficiently sharp movements in domestic platforms
The U.S. market was closed in the red zone, the Asian indices traded raznonapravlenno
The main risk to the shares of domestic companies is the situation on the currency market, where the dollar continues to strengthen against the euro
Further strengthening of the U.S. dollar may result in a strong correction in the market of Russia
Statistics on the U.S. economy, failed to meet expectations, broke the course of trading on Russia”s market, passing the leadership “bears”. Despite the significant sales, the MICEX index still managed to close in positive territory for more than 1%. However, the ruble indicator was unable to hold major support - 21-day moving average, passing on the level of 1410 points.
strength of the lower boundary of the uptrend, which still retained the MICEX index, will be tested early in the session. U.S. index futures after the end of trading on Russia”s markets have continued to decline: a future on the SP 500 index had gone to a minimum this year and trade at the beginning of November 2009. Resistance level for futures is the mark of 1,083 points; probably return to it in anticipation of positive preliminary data on U.S. GDP for the IV quarter. Technical factors contributed to a reversal up within days. On the U.S. market were trading in negative territory, and the results of the session indexes lost more than 1%. In leaders decline were shares of the technology sector on the background of weak records companies in the industry, which is reflected in the index of NASDAQ, which is up to the session lost 2,63%.
At the Asian sites dominated by negative sentiment, helped by lower U.S. futures indices. Some support markets has weakened the yen against the U.S. dollar, which supports the paper exporters. The leader of the region is the Chinese index, which is traded against the overall dynamics. Applications for an economic forum in Davos on measures to facilitate the continued growth in consumer demand in the country, triggered the positive dynamics of the Chinese market, but under pressure from general negative sentiment index fell in the red zone.
The main risk to the shares of domestic companies is the situation on the currency market, where the U.S. dollar continues to strengthen against the euro. Pair EUR /USD has already gone to the levels of last July. The situation on the currency market took away the futures on Brent oil to the lower boundary of the rising channel, which was formed in the summer of 2009. In the case of penetration of futures on Brent oil in the feed down - which is possible for the further strengthening of the dollar - on Russia”s market can be formed by a powerful correctional downward movement in particular, due to sales by non-residents. Thus, at present the risk of opening the medium position is high.
Opening Russia”s marketto a negative external background will happen in the negative zone. Futures on the U.S. indices after a sharp decline on weak statistics can partially recover the loss under the influence of technical factors and on the expectation of strong data on U.S. GDP. In the case of futures on the retention of current levels of oil in the first half of the trading day is likely a technical rebound. Before the publication of GDP recommended to close the position because, according to the statistic data, voice-over on the eve of the U.S. economy is not recovering as fast as expected, so the GDP data may well not meet the expectations.
2; user rated material on 4,5.
Analyst Ratings
The key event of the day will be the data on U.S. GDP, which will be published at 16.30 Moscow time
Today, the fall in the market of Russia is unlikely to be active, as players will be expected GDPce6data for the U.S. 4 Quarter
This morning the picture on the world markets again looks quite sad, it puts pressure on Russia”s indexes
By WGC-1, one of the leaders of the growth of the previous two days, investors will be announced today record profits in the short-term correction
Collapse of Russia”s market of today is not worth waiting, the MICEX index endure above 1370-1360 items
Trading volume on the stock market, MICEX Stock Exchange on Thursday totaled 107.39 billion rubles
In the first minutes of trading, the bears, taking advantage of the external background, misled the market to the level of 1390 points and will try to break
Today is not excluded sufficiently sharp movements in domestic platforms
The U.S. market was closed in the red zone, the Asian indices traded raznonapravlenno