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Markets continue to wait ...
 
European stock market closed on Friday due to the growth of better than expected data on U.S. GDP. Preliminary GDP data for the third quarter showed an increase of 2.0% against the projected growth of 1.8%. But in general, the markets ...
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Markets continue to wait ...
 
European stock market closed on Friday due to the growth of better than expected data on U.S. GDP. Preliminary GDP data for the third quarter showed an increase of 2.0% against the projected growth of 1.8%. But in general, the markets continue to remain under pressure due to expectations of presidential elections in the U.S.. Weak reporting companies Ericsson, Renault, Saint Gobain and Publicis are unlikely to boost optimism in the market. With the reduction of the rating agency Standard & Poor's credit rating of the bank BNP Paribas, as well as ratings of the room Credit Agricole, Societe Generale and BPCE put pressure on the securities of companies in the financial sector.
Index DJ EURO STOXX BANK up to previous trading closed at 105.90 (-0.38%). Shares of UniCredit, Societe Generale and BNP Paribas lost between 0.68% to 1.26%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,806.71 (+0.03%); DAX 30 - 7,231.85 (+0.44%); CAC 40 - 3,435.09 (+0.69%). Futures DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2498.00 (+0.04). European stock markets open neutral.
 
European index of "blue chips" FTSEurofirst 300, closed on Friday at 1,097.35 (+0.13%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.73% (-0.012 points), the 10-year German Government Bonds is 1.54% (-0.046 points), and 10-year-old UK Government Bonds is 1.87% (-0.046 points).
 
Oil futures on the morning electronic trading before the opening of Europe continue to be consolidated in anticipation of the U.S. elections and Hurricane "Sandy."
Mark Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.09 (-0.42%) and the U.S. crude oil WTI (ICE) 85.93 (-0.41%).
Gold futures morning at 1,717.70 (+0.34%), quotes copper at 355.05 (+0.01%).
Commodity Index CRB Index for the previous trading day was 296.84 (-0.30%).
 
In the currency market, the dollar is supported, but overall activity in the markets is very low in anticipation of the state selection and closing auctions.
The dollar index ICE, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.23 (+0.09%).
    
Prediction of the day:
We can assume that EURUSD will continue to consolidate in the range of 1.2890-1.2965.
 
Events today:
Moscow time
during the day Germany Preliminary data on the consumer price index in October n / a; 0,0% m / m and 0.0% m / m
14.30 UK change in total private lending September n / a; 0,6 billion pounds -0.4 billion pounds
14.30 UK Money supply M4 September n / a; 0,4% m / m and 0.2% m / m
14.30 UK Number of approved applications for mortgage September n / a; 49.000; 48.000
17.30 U.S. core consumer price index in September n / a; 0,1% m / m and 0.1% m / m
17:30 U.S. September Consumer spending n / a; 0,6% m / m and 0.5% m / m
17:30 U.S. September consumer income n / a; 0,5% m / m and 0.1% m / m
 
Sergei Kostenko
 

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Investors are awaiting the results of elections in the United States
 
Tension in world markets continues to grow, pending the outcome of the U.S. presidential election. This is primarily determined by the uncertainty that exists. So far, no candidate has received a decisive majority, which means investors ...
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Investors are awaiting the results of elections in the United States
 
Tension in world markets continues to grow, pending the outcome of the U.S. presidential election. This is primarily determined by the uncertainty that exists. So far, no candidate has received a decisive majority, which means investors do not have a clear and a clear view on the prospects of a new program of quantitative easing and the possibility of so-called "fiscal cliff" is still in force.
 
Friday's GDP data for the third quarter in the U.S. were better than expected + 2.0% compared with an expected growth of 1.8%. Growth in consumer spending, federal government spending, and a clear improvement in the housing market indicates that the economy continues recovering, though still rather slow pace due to European problems. But the data could not support investor sentiment, as the prospect of elections continues to put pressure on the markets.
 
In the currency market, the same uncertainty continues. Concern over Greece, and unclear prospects of appeal whether Spain for financial aid is a negative factor for the single currency, and in general for the propensity of investors to buy riskier assets.
 
Lowering the last week by the rating agency Standard & Poor's credit rating of the bank BNP Paribas, due, according to the agency, increasing the "economic risks" in France, as well as in southern Europe, where the French bank a significant presence, does not add optimism to investors. S & P also placed the ratings of the French Credit Agricole, Societe Generale and BPCE on the upward revision of the negative.
 
Today active in global markets may be reduced because of approaching the U.S. East Coast hurricane, which forced to close their doors NYSE and NASDAQ.
 
In general, one can hardly expect major movements in the markets before the U.S. elections.
 
Today we should pay attention to the statistics from Germany and the USA.
 
Statistics today:
Moscow time
during the day Germany Preliminary data on the consumer price index in October n / a; 0,0% m / m and 0.0% m / m
14.30 UK change in total private lending September n / a; 0,6 billion pounds -0.4 billion pounds
14.30 UK Money supply M4 September n / a; 0,4% m / m and 0.2% m / m
14.30 UK Number of approved applications for mortgage September n / a; 49.000; 48.000
17.30 U.S. core consumer price index in September n / a; 0,1% m / m and 0.1% m / m
17:30 U.S. September Consumer spending n / a; 0,6% m / m and 0.5% m / m
17:30 U.S. September consumer income n / a; 0,5% m / m and 0.1% m / m
 
Sergei Kostenko
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The uncertainty on the markets remains
 
The uncertainty due to the presidential elections in the U.S. continues to unnerve investors. This is the beginning to fully manifest itself with the approach of November 6. Equal chances of candidates and their different understanding of what to do in ...
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The uncertainty on the markets remains
 
The uncertainty due to the presidential elections in the U.S. continues to unnerve investors. This is the beginning to fully manifest itself with the approach of November 6. Equal chances of candidates and their different understanding of what to do in the current economic climate, contribute to this uncertainty. This forces players to cut positions to reduce risk. Concerns about the possibility of "fiscal cliff" neutralize markets, and forces them to consolidate.
As a result, the market is becoming thin and increasing volatility. But based on the dynamics of the 10-year U.S. bonds, in general, investors are looking favorably on the market. And most of all, the dynamics we see after the election - after the fact.
 
Lowering the credit ratings of a number of French BNP Paribas, Société Générale and Crédit Agricole banks by rating agency Standard & Poors dealt an additional blow to market sentiment. The single currency was under pressure, but in general it continues to consolidate.
 
Commodity currencies are reduced due to the sharp fall in oil prices, which do not support any tension around Iran, nor the events in Syria.
 
Given all the above it can be assumed that this situation will continue until the elections in the States.
 
Today we should pay attention to the U.S. GDP data for the third quarter. If the data does not disappoint, it can locally to pressure on the U.S. dollar.
 
Events today:
Moscow time
16.30 U.S. GDP grew 3 kv.2012 n / a; 1,8; q / q, 1.3% q / q
16:30 U.S. Q3 GDP deflator. 2012 n / a; 2,0% q / q and 1.6% q / q
17.55 U.S. revised data on consumer sentiment from the University of Michigan in October n / a; 82,7; 83,1
17.55 Revised data on U.S. inflation expectations from the University of Michigan in October n / a; n / a; 3,1%
 

Sergei Kostenko

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Markets continue to react nervously to the news from Europe
 
European shares finished trading mixed Thursday amid new concerns related to Greece. Of the IMF report, which was published yesterday, that Athens must also additional time to resolve their problems. And as previously stated European officials and Greece ...
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Markets continue to react nervously to the news from Europe
 
European shares finished trading mixed Thursday amid new concerns related to Greece. Of the IMF report, which was published yesterday, that Athens must also additional time to resolve their problems. And as previously stated European officials and Greece still need 30 billion euros ($ 39 billion) to compensate for a deep recession and the lag of the austerity plan. Yesterday's lowering of credit ratings of a number of French BNP Paribas, Société Générale and Crédit Agricole banks by rating agency Standard & Poors dealt an additional blow to market sentiment.
Today will be held accountable for the third quarter of the Norwegian oil company Statoil and Spanish banks Banco Popular Caixa Bank.
 
Index DJ EURO STOXX BANK up to previous trading closed at 106.30 (-1.18%).
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,802.44 (-0.04%); DAX 30 - 7,200.23 (+0.10%); CAC 40 - 3,411.53 (-0.44%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,459.00 (-0.81%). Trading in Europe with open reduction.
 
European index of "blue chips" FTSEurofirst 300, closed on Thursday at 1,095.90 (+0.20%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.80% (-0.028 NCP), the 10-year German Government Bonds is 1.55% (-0.030 NCP), and the 10-year UK Government Bonds is 1.91% (+0.064 NCP).
 
Oil futures morning before the opening of the European trading session down for reasons of sustainable concerns that demand for raw material assets will fall.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 107.57 (-0.86%), and U.S. crude oil WTI (ICE) 85.30 (-0.88%).
Gold futures morning at 1,713.40 (+0.69%), quotes of copper at
358.30 (+0.42%).
Commodity Index CRB Index for the previous trading day was 297.74 (+0.02%).
 
In the currency market, the dollar is supported against decrease in Asian markets due to weak yesterday's quarterly statements of U.S. companies. Under strong pressure from commodity currencies are due to a sharp drop in prices of oil in the Asian trading session. The single currency was also reduced due to yesterday's slide agency Standard & Poors credit rating of major French banks.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.24 (+0.15%).
    
Prediction of the day:
EUR/USD pair today can also try to test the level of 1.2875, if U.S. GDP data will be worse than forecast. At the same time, the output statistics in line with the forecast can locally support the single currency and it may again test the level of 1.3000.
 
Events today:
Moscow time
11.00 Switzerland KOF economic barometer October n / a; 1,72; 1,67
16.30 U.S. GDP grew 3 kv.2012 n / a; 1,8; q / q, 1.3% q / q
16:30 U.S. Q3 GDP deflator. 2012 n / a; 2,0% q / q and 1.6% q / q
17.55 U.S. revised data on consumer sentiment from the University of Michigan in October n / a; 82,7; 83,1
17.55 Revised data on U.S. inflation expectations from the University of Michigan in October n / a; n / a; 3,1%
 
Sergei Kostenko
 
*Recommendations listed in this article, can not be used as a base for the direct actions.
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USD / JPY
 
News background:
The pair continues to receive support amid expectations of further increase the liquidity of the Bank of Japan in the local market. Dollar gets additional support through the Fed confirmed earlier embarked on a soft monetary policy.
 
Technical picture:
From a technical point ...
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USD / JPY
 
News background:
The pair continues to receive support amid expectations of further increase the liquidity of the Bank of Japan in the local market. Dollar gets additional support through the Fed confirmed earlier embarked on a soft monetary policy.
 
Technical picture:
From a technical point of view, the price is in the short-term uptrend. At the top of the Bollinger bands above EMA 5, 21, and SMA 100 and 200. Pair has the potential to rise to the level of the local end of June of this year, 80.60, if it manages to consolidate above the 79.70 level.
Indicators Stoch. and RSI shows overbought.
 
 
Trading recommendations. Buy a couple of down on the rebound from a local to 80.60.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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Market stabilized in anticipation of elections in the United States ...
 
Yesterday was filled with a large number of events that have helped to stabilize global markets after strong sales on Tuesday amid frustrations associated with the restoration of the American economy. First news that Athens got a reprieve ...
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Market stabilized in anticipation of elections in the United States ...
 
Yesterday was filled with a large number of events that have helped to stabilize global markets after strong sales on Tuesday amid frustrations associated with the restoration of the American economy. First news that Athens got a reprieve from the budget payments on the loans taken earlier, suspended further decline in the common currency. Then the good news from the U.S. housing market have returned to the markets positive mood. Sales of new homes in the U.S. in September rose by 5.7 percent on a monthly basis to 389,000 units. And at the end of the day the Fed's decision to leave his earlier embarked on a soft monetary policy finally helped stabilize financial markets.
 
In that sense it's very important for investors was further confirmation of the position of the Federal Reserve. Bernanke said the Fed will buy unlimited quantities of mortgage securities and short-term bonds. It is thought that the program Twist-2 will also be in one form or another continued.
 
U.S. bond market's reaction to the growth of the revenue bonds, which indicates that investors believe the Fed and that the situation has improved out of money from bonds into riskier assets will continue.
 
Currency market reacted to yesterday's events clearly, the weakening of the U.S. dollar against major currencies. Yen continues to fall against the dollar on expectations of growing new incentives. It seems that the dream of the Japanese regulator decreases the yen starts to come true.
 
In general we can say that before the election in the U.S. picture won't change. Rates are too high in the event and market participants do not want to risk.
 
Today we should pay attention to data from the UK and the U.S..
 
Events today:
Moscow time
12.00 Eurozone M3 money supply in September n / a; 3,0% y / y, 2.9% y / y
12.00 Eurozone private sector lending in September n / a; -0,4% y / y, -0.6% y / y
12.30 UK Preliminary data on GDP growth 3 kv.2012 n / a; 0,6% q / q, -0.4% q / q
12.30 UK PMI services sector in August n / a; 0,5% 3m/3m, 0.1% 3m/3m
14.15 Great Presentations by the Monetary Policy Committee of the Bank of England Tucker
Basic index of 16.30 U.S. orders for durable goods in September n / a; 0,8% m / m, -1.6% m / m
16.30 The number of U.S. claims for unemployment benefits for the week October 14-20 n / a; 366,000; 388,000
16.30 U.S. orders for durable goods in September n / a; 6,9% m / m, -13.2% y / y
18.00 Outstanding U.S. home sales in September n / a; 2,4% m / m, -2.6% m / m
18:30 U.S. natural gas reserves for the week October 14-20 n / a; n / a; 51 billion cubic meters. ft
 

Sergei Kostenko

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The fed reiterated its firm line about the monetary policy
 
European shares ended trading on Wednesday, in a green area for a meeting eurozone leaders on whether to allow the Spanish crisis. Investors continue to hope that the uncertainty around Spain will disappear. European markets rose, despite the ...
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The fed reiterated its firm line about the monetary policy
 
European shares ended trading on Wednesday, in a green area for a meeting eurozone leaders on whether to allow the Spanish crisis. Investors continue to hope that the uncertainty around Spain will disappear. European markets rose, despite the poor statistics from Germany. Business climate index (PMI) fell to 48.1 points from 49.2 points in September. The leaders were paper company SAP AG, Pump up 4.18%, which works in the field of software development.
Index DJ EURO STOXX BANK up to previous trading closed at 107.57 (+0.43%). Shares of Deutsche Bank, UniCredit, and Group NV rose from 0.67% to 1.16%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,804.78 (+0.12%); DAX 30 - 2,490.58 (+0.51%); CAC 40 - 3,426.49 (+0.59%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,498.00 (+0.36%). Trading in Europe will open growth.
 
European index of "blue chips" FTSEurofirst 300 closed Wednesday at 1,093.71 (+0.46%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.81% (+0.023 NCP), the 10-year German Government Bonds is 1.60% (+0.032 NCP), and the 10-year UK Government Bonds is 1.85% (+0.025 NCP).
 
Oil futures morning before the opening of the European trading session yesterday after growing up a slight reduction on the background data on oil and petroleum products in the United States. Crude oil inventories last week rose to 375,125 million barrels. Motor gasoline stocks rose by 1.4 million barrels, which is the lower limit of the average range for this time of year. Inventories of distillate fuels fell by 0.64 million barrels last week and are in the lower range for this time of year. Common commercial petroleum inventories increased by 4.0 million barrels. Today, due to the increase in oil prices, the Fed's decision yesterday to continue their earlier rate easing of monetary policy to the labor market recovery.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 108.33 (+0.44%), and U.S. crude oil WTI (ICE) 86.19 (+0.53%).
Gold futures morning at 1,713.40 (+0.69%), quotes of copper at
358.30 (+0.42%).
Commodity Index CRB Index for the previous trading day was 297.69 (-0.73%).
 
In the currency market, there is a weakening of the U.S. dollar against the major currencies except the yen against the Fed. Yen continues to fall against the dollar for the reasons of the course the Bank of Japan to further injection of liquidity into the market.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.89 (-0.16%).
    
Prediction of the day:
EURUSD pair is testing the 1.3000 level and if it consolidates above it, there is a possibility of its local growth from 1.3065. As for the Dollar Yen, it is likely to further strengthen to the maximum values ​​the end of June 80.60.
 
Events today:
Moscow time
12.00 Eurozone M3 money supply in September n / a; 3,0% y / y, 2.9% y / y
12.00 Eurozone private sector lending in September n / a; -0,4% y / y, -0.6% y / y
12.30 UK Preliminary data on GDP growth 3 kv.2012 n / a; 0,6% q / q, -0.4% q / q
12.30 UK PMI services sector in August n / a; 0,5% 3m/3m, 0.1% 3m/3m
14.15 Great Presentations by the Monetary Policy Committee of the Bank of England Tucker
Basic index of 16.30 U.S. orders for durable goods in September n / a; 0,8% m / m, -1.6% m / m
16.30 The number of U.S. claims for unemployment benefits for the week October 14-20 n / a; 366,000; 388,000
16.30 U.S. orders for durable goods in September n / a; 6,9% m / m, -13.2% y / y
18.00 Outstanding U.S. home sales in September n / a; 2,4% m / m, -2.6% m / m
18:30 U.S. natural gas reserves for the week October 14-20 n / a; n / a; 51 billion cubic meters. ft
 
Sergei Kostenko
 

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

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EUR / USD
 
News background:
Pair renewed consolidation within 1.2870-1.3130 range. The main reason for this is to wait for the results of the elections in the United States, as well as decisions on monetary policy and the Fed.
 
Technical picture:
From a technical point of ...
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EUR / USD
 
News background:
Pair renewed consolidation within 1.2870-1.3130 range. The main reason for this is to wait for the results of the elections in the United States, as well as decisions on monetary policy and the Fed.
 
Technical picture:
From a technical point of view, the price is in the lower Bollinger below EMA 5, 21, but still above the SMA 100 and 200. Pair has the potential to reduce the level of local 1.2940 in the short term, as the level of 1.3015 overcome.
Indicators Stoch. points to the possibility of continuing to reduce vapors and RSI gives a signal to sell the pair.
 
 
Trading recommendations. Sell ​​to a local couple to 1.2940.
 
Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

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Markets are waiting for the results of the Fed meeting
 
European stock markets were closed on Monday in the red zone, pending the results of presidential elections in the United States and the Federal Reserve meeting on monetary policy. Presidential elections will be held in the United States ...
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Markets are waiting for the results of the Fed meeting
 
European stock markets were closed on Monday in the red zone, pending the results of presidential elections in the United States and the Federal Reserve meeting on monetary policy. Presidential elections will be held in the United States on November 6 and in anticipation of this event, market participants tend not to take risks.
Index DJ EURO STOXX BANK up to previous trading closed at 109.17 (+0.13%). Shares of ING Group NV, Deutsche Bank and UniCredit added from 0.40% to 1.67%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,882.91 (-0.22%); DAX 30 - 7,328.05 (-0.71%); CAC 40 - 3,483.25 (-0.61%). Futures on the DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2,532.00 (+0.24%). Trading in Europe opened in the green zone.
 
European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,107.42 (-0.40%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.80% (+0.038 NCP), the 10-year German Government Bonds is 1.62% (-0.004 NCP), and the 10-year UK Government Bonds is 1.90% (+0.023 NCP).
 
Oil futures in the morning before the opening of the European trading session, moving in different directions after yesterday's decline amid profit taking, pending the results of the U.S. elections.
Brent Oil (ICE) in morning electronic trading before the opening of Europe at 109.28 (-0.15%), and U.S. crude oil WTI (ICE) 88.72 (+0.08%).
Gold futures morning at 1,724.50 (-0.10%), quotes of copper at
361.20 (-0.28%).
Commodity Index CRB Index for the previous trading day was 303.51 (-0.83%).
 
Foreign exchange market is waiting for the actual results of the meeting on monetary policy the Fed, and the presidential election in the United States.
Futures on the dollar index, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 79.72 (-0.02%).
    
Prediction of the day:
It seems that today in the foreign exchange market will continue a period of consolidation in anticipation of the Fed meeting and Friday's release of the U.S. GDP.
 
Events today:
Moscow time
12.30 UK mortgage approvals in September n / a; 30,900; 30,500
16.30 Canada Basic index of retail sales in August n / a; 0,2% m / m, 0.4% y / y
16.30 Canada retail sales in August n / a; 0,4% m / m, 0.7% y / y
17.00 Canada Decision of the Bank of Canada Interest Rate n / a; 1,00%; 1,00%
18.00 Eurozone consumer confidence in September n / a; -26; -26
18.00 U.S. index of business activity in the manufacturing sector from the Federal Reserve Bank of Richmond in October n / a; 3, 4
21.00 Great Speech by the Bank of England Mervyn King
 
Sergei Kostenko
 

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

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The players expect the GDP data of the USA
 
An important outcome of the EU summit was the decision to create a single banking Supervisory authority for the Eurozone. 
It starts to act from the next year, and the main role will be played by the ECB ...
Read more...
 
The players expect the GDP data of the USA
 
An important outcome of the EU summit was the decision to create a single banking Supervisory authority for the Eurozone. 
It starts to act from the next year, and the main role will be played by the ECB, as a single body of control over more than 6 000 European banks. First of all, he will supervise the banks that received financial assistance from the state. Thanks to this decision, the ECB will be able to directly inject liquidity in the affected banks, which will alleviate any negative trends.
 
But markets still show little reaction to the Fed's decision on monetary policy and the release of the GDP for the third quarter. This Friday, there are data on U.S. GDP, which could have an impact on local markets. This is especially important before the U.S. elections. If the GDP data will be weak, it may again affect investor sentiment and to short-term impact on the market growth of the dollar.
 
Meanwhile, the foreign exchange market lull absence of important statistics today does not allow players to take any serious decisions.
 
Events today:
Moscow time
21.30 of the members of the U.S. FOMC Sandra Pianalto
 

Sergei Kostenko

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