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Obama described the negotiations with the Republicans as optimistic
 
European stock markets closed lower on Friday with pending the outcome of negotiations between President Obama and Republican part of the Congress on the issue of overcoming the fiscal crisis that threatens to plunge the U.S. economy into ...
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Obama described the negotiations with the Republicans as optimistic
 
European stock markets closed lower on Friday with pending the outcome of negotiations between President Obama and Republican part of the Congress on the issue of overcoming the fiscal crisis that threatens to plunge the U.S. economy into a second wave of recession. European markets closed on Friday, even before it became known to the finance minister optimistic T. Geithner and Obama, after talks in Congress, in anticipation of solving the budget crisis.
Shares Wednesday fell on Friday were paper companies in the financial sector.
Index DJ EURO STOXX BANK up to previous trading closed at 101.60 (-2.72%). Shares of ING Group NV, UniCredit and Deutsche Bank lost between 3.15% to 3.76%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,605.59 (-1.27%); DAX 30 - 6,950.53 (-1.32%); CAC 40 - 3,341.52 (-1.21%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2450.50 (+0.49%). Trading in Europe will open growth.
 
European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,067.45 (-1.04%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.60% (+0.002 NCP), the 10-year German Government Bonds is 1.33% (-0.001 NCP), and the 10-year UK Government Bonds is 1.73% (+0.000 NCP).
 
Oil futures morning before the opening of the European trading session amid growing Middle East conflict between Israel and Palestine. Waiting for further deterioration in the situation is pushing up oil quotes.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.80 (+0.77%), and U.S. crude oil WTI (ICE) 87.93 (+1.15%).
Gold futures morning at 1,712.30 (-0.09%), quotes of copper at
347.00 (-0.10%).
Commodity Index CRB Index for the previous trading day was 292.84 (-0.37%).
 
In the currency market, the U.S. dollar down against major currencies. The strong decline in the dollar against the commodity currencies is celebrated amid rising energy prices. The single currency is also growing, but so far as a whole continues to consolidate.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.15 (-0.20%).
    
Prediction of the day:
Against the background of optimistic news about the prospects of negotiations to overcome the fiscal crisis in the U.S., as well as rising of oil prices the AUD/USD pair has the potential to grow to a level of 1.0435-45 in the short term.
 
Events today:
Moscow time
12.30 Germany Speech by Bundesbank Weidman
19.00 U.S. sales of existing homes in October n / a; 4,76 million, 4.75 million
19.00 U.S. Housing Market Index from November NAHB n / a; 41, 41
 
Sergei Kostenko
 

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The FOMC has disappointed investors...
 
Yesterday's publication of the minutes of the last meeting of the Federal Open Market Committee Federal Reserve FOMC disappointed investors. Uncertainty of whether the Fed will buy more government bonds under the "twist-2" or not. The fact that the program will end in ...
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The FOMC has disappointed investors...
 
Yesterday's publication of the minutes of the last meeting of the Federal Open Market Committee Federal Reserve FOMC disappointed investors. Uncertainty of whether the Fed will buy more government bonds under the "twist-2" or not. The fact that the program will end in December, and further prospects dim.
 
The ambiguous position of the canoes Committee suggests that the change in Fed policy can linger, so this leaves the situation with the prospects of QE 3 in limbo and this is despite the fact that most members of the Federal Reserve expected to increase purchases of government bonds in 2013.
 
Recent statistics from the euro zone continues to disappoint investors. German economic slowdown raises serious concerns among market participants. The latest data of the index of economic sentiment in the Fed has been so bad that it starts to scare investors who had hoped that Germany will be able to resist the great challenges of the European debt crisis.
In this regard, today will be important German GDP forecast data for the third quarter. Forecast indicates that analysts expect a slowdown in this indicator, which, of course, definitely will put pressure on the single currency. In addition to these data, today released a block of statistics from the euro zone and the U.S., which will undoubtedly have an impact on the markets.
 
By now the market says continued consolidation of European currencies in expectation of important statistics. The yen continues to weaken sharply against the continuation of the aggressive loose monetary policy of the Bank of Japan. Commodity currencies traded in different directions, the Australian dollar falls against the dollar, but the Canadian dollar is growing up a little supported by high oil prices due to higher escalation in the Middle East.
 
In general we can say that the picture in the markets remains uncertain and is characterized by a high degree of volatility.
 
Events today:
Moscow time
11.00 Germany Preliminary data on changes in GDP 3 kv.2012 n / a; 0,1% q / q, 0.3% q / q
13.00 Eurozone ECB Monthly Bulletin
13.30 UK retail sales in October n / a; -0,1% m / m and 0.6% m / m
14.00 Eurozone consumer price index in October n / a; 2,5% y / y, 2.5% y / y
14.00 Eurozone core consumer price index in October n / a; 1,5% y / y and 1.5% y / y
14.00 Eurozone Preliminary assessment of change in GDP Q3. 2012 n / a; -0,2% q / q, 0.2% q / q
17.30 Canada Consumer Price Index in September n / a; 0,3% m / m and 1.5% m / m
17.30 U.S. core consumer price index in October n / a; 0,1% m / m and 0.1% m / m
17.30 U.S. Consumer Price Index in October n / a; 0,1% m / m and 0.6% m / m
17.30 U.S. The number of initial claims for unemployment benefits 05.11-11.11 n / a; 362.000; 355.000
17.30 U.S. index of business activity in the industry the FBI in New York in November n / a; -7,0; -6,2
18.00 U.S. President's speech Richmond Fed Dzh.Lakera
19.00 U.S. manufacturing index according to the Philadelphia Fed n / a; n / a; 2,3 5,7
19.00 U.S. Mortgage loans past due 3 square. 2012 n / a; n / a; 7,58%
19.30 Canada Bulletin of the Bank of Canada
19.30 Change in U.S. natural gas reserves 05.11-11.11 n / a; n / a; 21 billion cubic meters. ft.
20:00 U.S. Change oil 05.11-11.11 n / a; n / a; 1,8 million barrels.
22.20 U.S. Federal Reserve Chairman Ben Bernanke Speech
 

Sergei Kostenko

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Markets continue to fall ...
 
European stock markets continued to fall on Wednesday, following the collapse on the eve of the U.S. stock market on news of weak economies of Portugal and Germany. General negative sentiment continues to influence the gloomy market sentiment. Again, with the possibility of ...
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Markets continue to fall ...
 
European stock markets continued to fall on Wednesday, following the collapse on the eve of the U.S. stock market on news of weak economies of Portugal and Germany. General negative sentiment continues to influence the gloomy market sentiment. Again, with the possibility of an epic budget crisis in the United States can not tune in to a positive. In the largest decline on this background were the shares of financial companies.
 
Index DJ EURO STOXX BANK up to previous trading closed at 104.13 (-1.09%). Paper Societe Generale, UniCredit and Deutsche Bank fell from 1.38% to 2.39%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,722.01 (-1.11%); DAX 30 - 7,101.92 (-0.94%); CAC 40 - 3,400.02 (-0.89%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 346.25 (+0.20%). Trading in Europe will open a slight increase.
 
European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,088.43 (-0.98%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.59% (-0.002 NCP), the 10-year German Government Bonds is 1.32% (-0.018 NCP), and the 10-year UK Government Bonds is 1.75% (+0.042 NCP).
 
Oil futures morning before the opening of the European trading session traded without much change after yesterday's growth amid rising military tensions escalate in the Middle East.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.77 (+0.15%), and U.S. crude oil WTI (ICE) 86.31 (-0.01%).
Gold futures morning at 1,724.20 (-0.34%), quotes of copper at
346.25 (+0.26%).
Commodity Index CRB Index for the previous trading day was 293.92 (+0.60%).
 
In the foreign exchange market witnessed volatile dynamics. Yen falls against the U.S. dollar amid expectations of continued loose monetary policy of the Bank of Japan, European currencies are consolidated before leaving the important statistics from Europe. GDP data for the third quarter in Germany were better than expected + 0.2% vs. 0.1%, but this did not have the support of the single currency, which continues to put pressure on European debt problems and the fiscal crisis in the U.S..
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.21 (+0.14%).
    
Prediction of the day:
If the data from the eurozone and the U.S. will be weak, this should have a negative pressure on the single currency and to the attitude of investors to buy with risk.
 
Events today:
Moscow time
13.00 Eurozone ECB Monthly Bulletin
13.30 UK retail sales in October n / a; -0,1% m / m and 0.6% m / m
14.00 Eurozone consumer price index in October n / a; 2,5% y / y, 2.5% y / y
14.00 Eurozone core consumer price index in October n / a; 1,5% y / y and 1.5% y / y
14.00 Eurozone Preliminary assessment of change in GDP Q3. 2012 n / a; -0,2% q / q, 0.2% q / q
17.30 Canada Consumer Price Index in September n / a; 0,3% m / m and 1.5% m / m
17.30 U.S. core consumer price index in October n / a; 0,1% m / m and 0.1% m / m
17.30 U.S. Consumer Price Index in October n / a; 0,1% m / m and 0.6% m / m
17.30 U.S. The number of initial claims for unemployment benefits 05.11-11.11 n / a; 362.000; 355.000
17.30 U.S. index of business activity in the industry the FBI in New York in November n / a; -7,0; -6,2
18.00 U.S. President's speech Richmond Fed Dzh.Lakera
19.00 U.S. manufacturing index according to the Philadelphia Fed n / a; n / a; 2,3 5,7
19.00 U.S. Mortgage loans past due 3 square. 2012 n / a; n / a; 7,58%
19.30 Canada Bulletin of the Bank of Canada
19.30 Change in U.S. natural gas reserves 05.11-11.11 n / a; n / a; 21 billion cubic meters. ft.
20:00 U.S. Change oil 05.11-11.11 n / a; n / a; 1,8 million barrels.
22.20 U.S. Federal Reserve Chairman Ben Bernanke Speech
 
Sergei Kostenko
 

* Recommendations listed in this article, can not serve as a basis for direct action.

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Uncertainties continue to put pressure on the markets...
 
The remaining uncertainty in the settlement of the situation relating to the so-called "fiscal cliff" continues to have a negative impact on the markets. The fact that this event does not happen, most likely, is a fact. But the most ...
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Uncertainties continue to put pressure on the markets...
 
The remaining uncertainty in the settlement of the situation relating to the so-called "fiscal cliff" continues to have a negative impact on the markets. The fact that this event does not happen, most likely, is a fact. But the most disturbing state of uncertainty, which does not allow to plan investments in the real sector of the economy. On Friday, Obama will meet with the U.S. Congress on this issue.
 
The single currency remains at its minimum value due to the delay of providing financial assistance to Greece. Unclear picture of the prospects of treatment in Spain for financial assistance also led investors to shun riskier assets.
Yesterday's weak statistics on an index investor optimism in Germany is growing fears of a recession in the euro area enlargement.
 
Against this general background of gloomy U.S. currency continues along with the Japanese yen to remain "safe haven currency", and the dynamics of reduction in yields on 10-year government bonds continues to indicate a high level of caution investors.
 
Today we should pay attention to the statistics from the UK, Switzerland and USA. Positive news can locally support the single currency.
 
Events today:
Moscow time
13.30 UK Changing the number of applications for unemployment benefits in October n / a; -5.100; -4.000
13.30 UK unemployment rate in September n / a; 7,9%; 7,9%
13.30 UK The change of the average wage in September n / a; 1,8% 3m / y and 1.7% 3m / y
14.00 Switzerland ZEW economic expectations index in October n / a; n / a; -28,9
14.00 Eurozone industrial output in September n / a; -1,6% m / m and 0.6% m / m
14.30 Great Speech Governor of the Bank of England M. King
14.30 UK Bank of England report on inflation and growth prospects
17.30 U.S. retail sales excluding auto sales in October n / a; 0,3% m / m and 1.1% m / m
17:30 U.S. Producer Price Index in October n / a; 0,2% m / m and 1.1% m / m
17.30 U.S. retail sales in October n / a; 0,0% m / m and 1.1% m / m
Basic 17.30 U.S. producer price index in October n / a; 0,2% m / m and 0.0% m / m
19.00 U.S. business inventories in September n / a; 0,4% m / m and 0.6% m / m
23.00 Minutes of the U.S. Federal Committee on Open Market
 
Sergei Kostenko
 

 

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The market does not believe in the prospects of the "fiscal cliff" ...
 
European stock markets closed on Tuesday in hopes of increasing that budget problems in the U.S. will soon be resolved, and Athens still receive financial aid. Poor statistics in Germany and the euro zone could ...
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The market does not believe in the prospects of the "fiscal cliff" ...
 
European stock markets closed on Tuesday in hopes of increasing that budget problems in the U.S. will soon be resolved, and Athens still receive financial aid. Poor statistics in Germany and the euro zone could not completely ruin the mood of investors. The index of economic sentiment in Germany was much worse than expected -15.7 points vs. -9.8 points, while the ZEW index of economic sentiment in the euro zone out at -2.6 points against the forecast of growth by 0.2 points. Growth leaders yesterday were shares of companies in the financial sector.
 
Index DJ EURO STOXX BANK up to previous trading closed at 105.28 (+2.66%). Paper Banco Santander, UniCredit and Intesa Sanpaolo jumped from 3.59% to 5.19%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,786.25 (+0.33%); DAX 30 - 7,169.12 (+0.01%); CAC 40 - 3,430.60 (+0.56%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2481.50 (+0.32%). Trading in Europe will open growth.
 
European index of "blue chips" FTSEurofirst 300, closed on Tuesday at 1,099.16 (+0.44%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.61% (+0.019 NCP), the 10-year German Government Bonds is 1.34% (-0.006 NCP), and the 10-year UK Government Bonds is 1.71% (-0.008 NCP).
 
Oil futures morning before the opening of the European trading session consolidated awaiting the start of negotiations with Congress, Obama on the issue of overcoming the situation related to the probability of the "fiscal cliff."
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 108.27 (+0.01%), and U.S. crude oil WTI (ICE) 85.53 (+0.18%).
Gold futures morning at 1,725.30 (-0.32%), quotes of copper at
344.05 (-0.79%).
Commodity Index CRB Index for the previous trading day was 292.16 (+0.00%).
 
In the currency market the dollar slightly down against the dollar and the yen rising against the pending release of statistics from the U.S., as well as the results of the talks Obama and members of the Republican Congress, which will begin on Friday.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 81.10 (-0.06%).
    
Prediction of the day:
Economic statistics from Australia supports the Australian currency, which, if not worsen the general mood has the potential to grow to the level of 1.0500.
 
Events today:
Moscow time
13.30 UK Changing the number of applications for unemployment benefits in October n / a; -5.100; -4.000
13.30 UK unemployment rate in September n / a; 7,9%; 7,9%
13.30 UK The change of the average wage in September n / a; 1,8% 3m / y and 1.7% 3m / y
14.00 Switzerland ZEW economic expectations index in October n / a; n / a; -28,9
14.00 Eurozone industrial output in September n / a; -1,6% m / m and 0.6% m / m
14.30 Great Speech Governor of the Bank of England M. King
14.30 UK Bank of England report on inflation and growth prospects
17.30 U.S. retail sales excluding auto sales in October n / a; 0,3% m / m and 1.1% m / m
17:30 U.S. Producer Price Index in October n / a; 0,2% m / m and 1.1% m / m
17.30 U.S. retail sales in October n / a; 0,0% m / m and 1.1% m / m
Basic 17.30 U.S. producer price index in October n / a; 0,2% m / m and 0.0% m / m
19.00 U.S. business inventories in September n / a; 0,4% m / m and 0.6% m / m
23.00 Minutes of the U.S. Federal Committee on Open Market
 
Sergei Kostenko
 

*Recommendations listed in this article, can not be used as a base for the direct actions.

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EUR / USD
 
News background:
The pair continues to remain under pressure as the positive news from Greece is not able to maintain it on speculation about the possibility of "fiscal cliff" in the United States. It seems that the pair will remain under pressure locally.
 
Technical picture ...
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EUR / USD
 
News background:
The pair continues to remain under pressure as the positive news from Greece is not able to maintain it on speculation about the possibility of "fiscal cliff" in the United States. It seems that the pair will remain under pressure locally.
 
Technical picture:
There is a possibility of its local drop to the level of 1.2635. Currently, the pair is below the center line and lower boundaries Bollinger EMA 5 and 21.
LED Stoch. indicates oversold. RSI indicates a weakening of its reduction.
 
 
Trading recommendations. Sell ​​a couple of short-term, if it does not overcome the level of 1.2700 with a likely target 1.2635.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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Euro will remain under pressure
 
The general weakness of the single currency, burdened Greek problems will continue in the short term. The main reason is the active position of the ECB aimed at further easing of monetary policy. Period of positive news ends, so as not to be ...
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Euro will remain under pressure
 
The general weakness of the single currency, burdened Greek problems will continue in the short term. The main reason is the active position of the ECB aimed at further easing of monetary policy. Period of positive news ends, so as not to be expected that the new supporting factors for the single currency.
Despite the fact that Athens must be approved for financial assistance from the Euro Group, as well as another two more years to get closer to the target levels of the budget news from Greece do not maintain optimism for the single currency.
 
In markets continues to play out a show called "fiscal cliff." Start timer berating the number of days to the hour "X" by the mass media also has a nervous pressure on investor sentiment. The impression is that the unwinding of hysteria probability "fiscal cliff" is done specifically to make the U.S. stock market adjusted downward, and the pot is on the fact that Obama and Congress agreed to actively buy pretty depreciating assets.
 
We believe the agreement will necessarily achieved, and then it will be a good reason for buying risk in markets with a traditional weakening of the U.S. dollar.
 
Today we should pay attention to the statistics from the UK, the eurozone and the U.S.. Positive news locally can put pressure on the U.S. dollar.
 
Events today:
Moscow time
12.15 Switzerland Producer price index in October n / a; 0,2% m / m, 0.3% y / y
during the day. Eurozone finance ministers meet EU
13.30 UK consumer price index in October n / a; 2,3% y / y, 2.2% y / y
13.30 UK producer price index in October n / a; -0,4% m / m, -0.2% m / m
13.30 UK Retail Price Index in October n / a; 2,9% y / y, 2.6% y / y
13.30 UK Core CPI in October n / a; 2,2% y / y, 2.1% y / y
13.30 UK house price index for September n / a; 2,1% y / y, 1.8% y / y
13.30 UK Producer Price Index in October n / a; 0,2% m / m and 0.5% m / m
Germany 14.00 The index of business expectations ZEW November n / a; -10,1; -11,5
14.00 Eurozone ZEW business expectations from November n / a; 0,2; -1,4
during the day. UK Report of the Bank of England's inflation
19.00 U.S. economic optimism index of consumers from IBD / TIPP November n / a; 53,8; 54,0
23.00 U.S. Federal budget balance in October n / a; -126,2 billion dollars,. 75.0 billion
 

Sergei Kostenko

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EUR / USD
 
News background:
The pair continues to remain under pressure due to the situation around Greece and Spain reluctance to resort to financial aid. Another reason is the negative associated with the probability of a fiscal cliff in the States.
 
Technical picture:
From a technical point ...
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EUR / USD
 
News background:
The pair continues to remain under pressure due to the situation around Greece and Spain reluctance to resort to financial aid. Another reason is the negative associated with the probability of a fiscal cliff in the States.
 
Technical picture:
From a technical point of view, a pair remains under pressure. There is a possibility of its local drop to the level of 1.2700, from which it seems to bounce up against the local resale. Currently, the pair is below the center line and lower boundaries Bollinger EMA 5 and 21.
LED Stoch. indicates the probability of further decline. RSI is below 50%, and demonstrates the possibility of a bounded reduction.
 
 
Trading recommendations.
Buy a couple of local level 1.2700 with likely target 1.2750-60.
 
Technical analyst at Forex Bulygina Marina.
Analytical department of Grand Capital
 

 

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The market bothered about the possibility of "budget cliff" in the U.S. 
    
European market shares finished trading on Wednesday amid strong decline renewed fears associated with reality "budget cliff" in the United States. An additional negative was news about a new fight in the Greek ...
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The market bothered about the possibility of "budget cliff" in the U.S. 
    
European market shares finished trading on Wednesday amid strong decline renewed fears associated with reality "budget cliff" in the United States. An additional negative was news about a new fight in the Greek parliament on the adoption of measures to reduce costs. The leaders of the falling shares were shares of companies in the financial sector.
Index DJ EURO STOXX BANK up to previous trading closed at 104.44 (-2.73%). Paper BBVA, UniCredit, Societe Generale and Deutsche Bank have fallen from 3.71% to 4.33%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,791.63 (-1.58%); DAX 30 - 7,232.83 (-1.96%); CAC 40 - 3,409.59 (-1.99%). Futures DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2510.10 (+0.35). European stock markets open growth.
 
European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,099.35 (-1.38%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.68% (-0.007 points), the 10-year German Government Bonds is 1.38% (-0.059 points), and 10-year-old UK Government Bonds is 1.76% (-0.057 points).
 
Oil futures on the morning electronic trading after yesterday grow sharp collapse in commodity markets.
Mark Brent Oil (ICE) in morning electronic trading before the opening of Europe at 107.56 (+0.69%) and U.S. crude oil WTI (ICE) 85.11 (+0.79%).
Gold futures morning at 1,718.79 (+0.06%), quotes copper at 345.65 (+0.44%).
Commodity Index CRB Index for the previous trading day was 291.49 (-1.91%).
 
In the currency market, the dollar continues to rise sharply under the influence of negativity associated with the ability to "break the budget" in the United States. These fears were renewed again because investors doubt that Barack Obama can agree with Republicans to address this issue. Against this background, the rating agency Moody's said on the possibility of lowering the credit rating of the U.S., if the level of debt will not be increased.
The dollar index ICE, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.86 (-0.02%).
    
Prediction of the day:
Today, attention should be paid to the Draghi's​ speech, statistics from the U.S. and the ECB and the Bank of England. It seems that after yesterday's collapse, today the market will try to bounce up.
 
Events today:
Moscow time
13.30 UK trade balance in September n / a; -9,1 billion pounds -9.3 billion pounds
16.00 UK asset purchase program in November n / a; 375 billion pounds, 375 billion pounds
16.00 UK decision of the Bank of England's interest rate in November n / a; 0,50%; 0,50%
16.45 Eurozone ECB's decision on interest rates in November n / a; 0,75%; 0,75%
17.15 Canada Construction October n / a; 215,000; 225,000
17.30 Canada September trade balance n / a; -1,4 billion; -1.1 billion
17.30 Canada price index on the primary market in September n / a; 0,2% m / m and 0.2% m / m
17.30 Eurozone ECB press conference
17:30 U.S. September trade balance n / a; -44,9 billion; -44.2 billion
17.30 U.S. The number of applications for unemployment benefits for the week 28.10-03.11 n / a; 373,000; 363,000
19.30 U.S. natural gas reserves for the week 28.10-03.11 n / a; n / a; 65 Bcf.
22.10 Presentation of the Bank of Canada Canada's Carney
 
Sergei Kostenko
 
*Recommendations listed in this article, can not be used as a base for the direct actions.
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Obama was chosen, the problem remains ...
 
Obama's victory was quickly played for investors and markets tumbled yesterday amid expectations due to the unresolved political contradictions of Democrats and Republicans, the problem of "tax break." These concerns relate to the fact that the majority of Republicans in Congress ...
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Obama was chosen, the problem remains ...
 
Obama's victory was quickly played for investors and markets tumbled yesterday amid expectations due to the unresolved political contradictions of Democrats and Republicans, the problem of "tax break." These concerns relate to the fact that the majority of Republicans in Congress will do anything to spite Obama. The apparent continuation of the status quo in politics and economics upsets markets as they continue to fail to see the output to resolve political differences between Republicans and Democrats. Investors continue to doubt the capabilities of the new administration to make a difference. Against the background of these issues 10-year government bonds yields fell to 1.675%, the lowest level since July.
 
In this connection may be positive news of Obama's decision to meet next week with the Senate to agree on measures to prevent the "fiscal collapse".
 
An additional negative factor in the markets is another battle in Greece around the adoption of decisions by the Parliament of austerity measures to get the next tranche of financial aid. But as it became known, albeit by a slim margin, but it's still a decision was made, which is a positive point.
 
Today investors will be focused on the news out of Europe. It is expected that interest rates in Britain and the euro zone will remain the same. Interesting will be a press conference by the ECB, as well as data on applications for unemployment benefits in the U.S., which will be published later.
 
In general we can say that the period of uncertainty in the markets will not end with searches the U.S. election season.
 
Statistics today:
Moscow time
13.30 UK trade balance in September n / a; -9,1 billion pounds -9.3 billion pounds
16.00 UK asset purchase program in November n / a; 375 billion pounds, 375 billion pounds
16.00 UK decision of the Bank of England's interest rate in November n / a; 0,50%; 0,50%
16.45 Eurozone ECB's decision on interest rates in November n / a; 0,75%; 0,75%
17.15 Canada Construction October n / a; 215,000; 225,000
17.30 Canada September trade balance n / a; -1,4 billion; -1.1 billion
17.30 Canada price index on the primary market in September n / a; 0,2% m / m and 0.2% m / m
17.30 Eurozone ECB press conference
17:30 U.S. September trade balance n / a; -44,9 billion; -44.2 billion
17.30 U.S. The number of applications for unemployment benefits for the week 28.10-03.11 n / a; 373,000; 363,000
19.30 U.S. natural gas reserves for the week 28.10-03.11 n / a; n / a; 65 Bcf.
22.10 Presentation of the Bank of Canada Canada's Carney
 

Sergei Kostenko

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