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By the end of the trading session, the dynamics have not changed and the indexes will continue near current levels of traffic

Jul 31st, 2009 | By admin | Category: News and Comments

The Russian stock market opened the session low gepom up on a background of growth of quotations of oil futures and the positive momentum in the U.S. indices. Perekuplennost formed during yesterday's trading session, key statistics and wait a week led to the fixing of profit.

little support during the trading day has had a macro-economic statistics of the euro area. Data on unemployment were better forecasts, reaching 9.4% of the projected 9.7%. Data on U.S. GDP produced in the market craze: the first signal was more than positive - the reduction on the basis of II quarter was 1% against the expected decline to 1.5%, but revised downward the data for I quarter have resulted in sharp gains by the fixation of speculators .

Today's volume is once again confirm the dominance of speculators and the lack of major players in the market. By the end of the trading session, the dynamics have not changed and the indexes will continue near current levels of traffic. Adjust the mood could the situation on American sites. In my opinion, the weekend had better go into the cache, given the prospects for the coming week, as well as the fact that, technically, the potential growth of U.S. indices in the case of positive restricted the proximity of strong resistance, which is likely a technical roll down.

coming week will again be saturated in the major events, so the volatility will remain high. It is possible that in the week to continue the trend of cross funding from the stock market on the exchange, where over the last week of seriously increased. For example, the currentamount in the currency market in almost three times higher than the volume of the stock pads, due to the presence of high volatility. The key event will be the ECB meeting, at a rate no surprises expected, but the commentary chapters Bank Jean-K.Trishe traditionally affect the currency market, and as a result - and the market of raw materials. From the macro-economic developments, particular attention is given to an index of personal income and spending in the United States, as well as an index of industrial orders, which are projected to reach 0.5%, which is 0.7% lower than in June. The key statistics of the week will be unemployment in the United States for July, which is projected to reach 9,6%.

In my opinion, today's GDP data for the United States once again razvenchali myths about improving the world economy, so it is likely to revise downwards in the data for the II quarter (which occurred on a steep decline in consumer spending, which accounts for 70% of GDP USA). Therefore, data on unemployment will determine the prospects for the U.S. GDP per quarter, III, and in the event of a sharp increase in unemployment, the market might face a serious fixation profit. In this regard, the following week the best strategy would again be speculative, the medium-term investors should wait for data on U.S. labor market.

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As soon as data on U.S. GDP per quarter, 2 were published, the market of Russia laid another wave of sales
MICEX Index, compared with the value of the close of the previous trading day decreased by 1.371% to 1032.11, paragraph
The index of the Frankfurt Stock Exchange Xetra DAX fell 2.56 point, the index of the London Stock Exchange FTSE 100 rose 3.16 point
Yushchenko signed the law on the characteristics of measures of financial health of banks
The dollar depreciated - the evening review of cash markets
Ministry of Finance forecasts increase rating of Ukraine thanks to the cooperation with IMF
Forex on the European session
In the evening session FORTS futures on the RTS index decreases on 0,32% and the trading value of approximately 66 020 items

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