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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 ...
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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 parliament on ...
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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
 
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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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EUR / USD 
 
News background: 
The results of the elections in the United States provided good support to the pair. Obama's victory shows that the policy stimulus will not be changed, which means that the dollar will remain under pressure. 
 
Technical picture: 
Pair rebounded from the values ...
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EUR / USD 
 
News background: 
The results of the elections in the United States provided good support to the pair. Obama's victory shows that the policy stimulus will not be changed, which means that the dollar will remain under pressure. 
 
Technical picture: 
Pair rebounded from the values ​​of September. The pair continues to remain in the downward short-term trend, but it came out in the upper limit of the Bollinger borders and is above the EMA 5 and 21, but still below the SMA 100 and 200. 
LED Stoch. points to the possibility of suspension growth. RSI is above 50%. 
 
 
Trading recommendations. Buy a pair if it will overcome the probable level of 1.2880 to 1.3000 LAN. 
  
Technical analyst at Forex Bulygina Marina. 
Analytical department of Grand Capital 
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Obama won, caused optimism in the markets
    
European stock market was closed on Tuesday en growth background of good reporting insurance company Adecco, whose shares were up 0.92%. Insurer Hannover Re shares jumped 4.47%. Under pressure were shares of companies automotive sector. Paper BMW and Volkswagen lost ...
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Obama won, caused optimism in the markets
    
European stock market was closed on Tuesday en growth background of good reporting insurance company Adecco, whose shares were up 0.92%. Insurer Hannover Re shares jumped 4.47%. Under pressure were shares of companies automotive sector. Paper BMW and Volkswagen lost 0.68% and 4.13% respectively. But in general, the market was awaiting the outcome of the U.S. election.
Index DJ EURO STOXX BANK up to previous trading closed at 107.37 (+1.17%). Paper UniCredit, Societe Generale and Deutsche Bank rose from 1.95% to 2.46%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,884.90 (+0.79%); DAX 30 - 7,377.76 (+0.70%); CAC 40 - 3,478.66 (+0.87%). Futures DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2559.50 (+0.50). European stock markets open growth.
 
European index of "blue chips" FTSEurofirst 300, closed on Tuesday at 1,114.77 (+0.56%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.69% (-0.063 points), the 10-year German Government Bonds is 1.44% (+0.011 points), and 10-year-old UK Government Bonds is 1.82% (+0.000 points).
 
Oil futures on the morning electronic trading grows, starting a presidential rally in commodity markets.
Mark Brent Oil (ICE) in morning electronic trading before the opening of Europe at 110.68 (+2.67%) and U.S. crude oil WTI (ICE) 88.39 (+3.10%).
Gold futures morning at 1,723.30 (+0.48%), quotes copper at 351.65 (+0.30%).
Commodity Index CRB Index for the previous trading day was 297.17 (+1.66%).
 
In the currency market, the dollar is under heavy pressure against the results of the U.S. elections, which were won by Barack Obama.
The dollar index ICE, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.44 (-0.50%).
    
Prediction of the day:
EURUSD pair has a good chance against the election results in the United States grow up to the level of 1.3000.
 
Events today:
Moscow time
12.00 Switzerland's currency reserves in October n / a; n / a; 429,5 billion
12.15 Switzerland Consumer Price Index in October n / a; 0,3% m / m, 0.3% y / y
14.00 Eurozone retail sales in September n / a; 0,0% m / m and 0.1% m / m
15.00 Germany Industrial production in September n / a; -0,4% m / m, -0.5% m / m
 
Sergei Kostenko
 
*Recommendations listed in this article, can not be used as a base for the direct actions.
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Obama's victory has caused a growth in optimism
 
The apparent victory of "the old president" Barack Obama had substantial support risk appetite of investors. This is primarily due to the fact that the uncertainty has disappeared, which hung over the markets for at least the last month, as ...
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Obama's victory has caused a growth in optimism
 
The apparent victory of "the old president" Barack Obama had substantial support risk appetite of investors. This is primarily due to the fact that the uncertainty has disappeared, which hung over the markets for at least the last month, as well as important is the fact that Bernanke all running programs to stimulate the economy remain in force. This alignment will undoubtedly have a significant short-term impact on the market, which means the U.S. dollar, as we mentioned before, will remain under severe pressure.
 
But, despite the success of Obama's generally not a market after the euphoria remains an unsolved problem with fiscal policy. Waiting notorious tax break, if you can not agree with Obama by the U.S. Congress, where the saddle Republicans continue to have a negative impact on the markets.
 
President of the Federal Reserve Bank of San Francisco, John Williams said the Fed could expand the scope of asset purchases by more than $ 600 billion, thus expanding the third phase of quantitative. And this is a negative factor for the dollar.
 
And while the dollar in the foreign exchange market remains under pressure. The single currency in the Asian trading session got good support and against Obama's victory has the potential to continue to rise against the U.S. dollar.
 
It seems that today we will see the beginning of the presidential rally in the markets.
 
Statistics today:
Moscow time
12.00 Switzerland's currency reserves in October n / a; n / a; 429,5 billion
12.15 Switzerland Consumer Price Index in October n / a; 0,3% m / m, 0.3% y / y
14.00 Eurozone retail sales in September n / a; 0,0% m / m and 0.1% m / m
15.00 Germany Industrial production in September n / a; -0,4% m / m, -0.5% m / m
 

Sergei Kostenko

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USD / CAD
 
News background:
Pair reached new maximum values ​​against the withdrawal of investors from the risk and weakening oil prices. If today's data from the United States will not be worse than expected, it can put pressure on the local pair.
 
Technical picture:
From a ...
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USD / CAD
 
News background:
Pair reached new maximum values ​​against the withdrawal of investors from the risk and weakening oil prices. If today's data from the United States will not be worse than expected, it can put pressure on the local pair.
 
Technical picture:
From a technical point of view, the price is in the short-term uptrend. But its growth is limited to the level of parity U.S. dollar and Canadian dollar. If this level is overcome, the couple can adjusted downward to the level of 0.9950. Pair is still above the center line of the Bollinger Bands, as well as 5 and 21 EMA.
LED Stoch. indicating the likelihood of a reversal pair down. RSI indicates no clear dynamics.
 
 
Trading recommendations.
Sell ​​pair after its decline below 1.0000 with a likely target 0.9950.
 
Technical analyst at Forex Bulygina Marina.
Analytical department of Grand Capital
 

 

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Today, the market's attention is focused on European history ...
 
Against the background of the hurricane "Sandy" activity in the markets was significantly lower due to the closure of the U.S. financial market. But at the same time, European events continue to influence the market.
Yesterday's accommodation Italy's ...
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Today, the market's attention is focused on European history ...
 
Against the background of the hurricane "Sandy" activity in the markets was significantly lower due to the closure of the U.S. financial market. But at the same time, European events continue to influence the market.
Yesterday's accommodation Italy's 10-year government bonds with a yield of 4.92% was successful. Demand for bonds increased and this in spite of that, overall volumes were relatively low due to the closure of America because of the hurricane. This placement of bonds boosted optimism and recovery of the single currency from local minima.
 
Today investors will be focused on the meeting of the Euro Group, which will begin at 12.00 GMT. The meeting will be discussed once again the question of aid to Greece. As the Prime Minister of Greece "in the coming days will be resolved the question whether Greece will remain in the euro zone or not, but the government has done everything possible to get out of the crisis." Despite statements by the prime minister, markets continue to look at the fear of Athens, believing that the Greek saga is not over yet.
 
Today it is also necessary to pay attention to the statistics from Europe
Canada and the United States.
 
Statistics today:
Moscow time
14.00 Eurozone Preliminary assessment of the Consumer Price Index in October n / a; 2,5%; 2,6%
14.00 Eurozone unemployment rate in September n / a; 11,4%; 11,4%
16.30 Change in Canada's GDP in August n / a; 0,2% m / m and 0.2% m / m
16.30 U.S. Employment Cost Index Q3. 2012 n / a; 0,5% q / q and 0.5% q / q
17.30 of the members of the U.S. FOMC S.Raskin
17.45 U.S. index of business activity in Chicago in October n / a; 51,5; 49,7
18:30 U.S. Change oil 22.10-28.10 n / a; n / a; 5,9 million barrels.
20.25 U.S. President's speech in San Francisco Fed Dzh.Uilyamsa
22.00 Presentation Canada Governor of the Bank of Canada M.Karni
 
Sergei Kostenko
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Activity in the markets has fallen markedly because of the absence in the market of America...
    
European market shares finished trading lower on Monday amid weak corporate accountability and expectations of European companies hit hurricane "Sandy" on the east coast of the U.S.. In the largest decline ...
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Activity in the markets has fallen markedly because of the absence in the market of America...
    
European market shares finished trading lower on Monday amid weak corporate accountability and expectations of European companies hit hurricane "Sandy" on the east coast of the U.S.. In the largest decline were shares of insurance companies Reinsurers Swiss Re Hannover RE, which fell because of expectations that the hurricane the world's largest insurance companies expect a large insurance payout.
Index DJ EURO STOXX BANK up to previous trading closed at 105.90 (-0.38%). Shares of Banco Santander, UniCredit and Intesa Sanpaolo lost between 1.31% to 2.67%.
 
Major European indexes at the close of the previous trading session: FTSE 100 - 5,795.10 (-0.20%); DAX 30 - 7,203.16 (-0.40%); CAC 40 - 3,408.89 (-0.76%). Futures DJ STOXX 50 in the morning prior to the opening of trading in Europe is 2474.50 (-0.09). European stock markets open in the red zone.
 
European index of "blue chips" FTSEurofirst 300, closed on Monday at 1,093.57 (-0.34%).
 
Before the opening of the European session US yield on 10-year T-Note is 1.72% (+0.000 points), the 10-year German Government Bonds is 1.46% (-0.079 points), and 10-year-old UK Government Bonds is 1.80% (-0.069 points).
 
Oil futures on the morning electronic trading before the opening of Europe's decline against falling loads refineries and therefore the growth of oil reserves. An additional factor is the recent strong overbought oil market.
Mark Brent Oil (ICE) in morning electronic trading before the opening of Europe at 108.84 (-0.65%) and the U.S. crude oil WTI (ICE) 85.34 (-1.10%).
Gold futures morning at 1,710.40 (+0.10%), quotes copper at 350.75 (+0.37%).
Commodity Index CRB Index for the previous trading day was 296.84 (-0.00%).
 
In the foreign exchange market witnessed volatile dynamics. Remain under pressure European currencies, and the Australian, New Zealand dollars and yen has growing up against the U.S. dollar.
The dollar index ICE, which reflects the value of the U.S. currency against a trade-weighted basket of currencies, is 80.36 (+0.25%).
    
Prediction of the day:
We can assume that EURUSD will continue to consolidate in the range of 1.2865-70.
 
Events today:
Moscow time
12.00 Eurozone ECB President's speech M.Dragi
12.55 Australia's Deputy Governor of the Reserve Bank of Australia F.Louva
Germany 12.55 Changing the number of unemployed in September n / a; 10.000; 9.000
10.13 Eurozone business activity in retail trade in October n / a; n / a; 47,1
15.00 UK Realized sales from October CBI n / a; 8, 6
16.30 Canada commodity price index in September n / a; 1,2% m / m, 3.4% y / y
16.30 Canada price index for manufactured goods in September n / a; 0,2% m / m, -0.1% m / m
17.00 U.S. home price index of 20 metropolitan areas of the S & P / Case-Shiller August n / a; 1,9% y / y 1.2% y / y
18.00 U.S. consumer confidence index from the Conference Board in October n / a; 72,4; 70,3
20.30 U.S. President's speech the New York Fed U.Dadli
23.30 Presentation Canada Governor of the Bank of Canada M.Karni
U.S. financial market will be closed today
 
Sergei Kostenko
 

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

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