Daily Market Reviews by MAYZUS

[MAYZUS_rep]

10 April 2014:FOMC Protocols Inspired Investors

Yesterday, we emphasized that special attention should be paid to the publication of protocols of the last meeting of the FOMC, which, as a result, helped the American stock market to finish the trading day with an increase.

The Dow Jones Industrial Average index increased by 1,11% to the level of 16437,18 points, the S&P 500 added 1,09% and was closed at the level of 1872,18 points, and the index of high-tech companies, Nasdaq Composite, moved up on 1,72% and reached the level of 4183,90 points.

Minutes from the last FED meeting showed that the majority of the members changed their attitude towards the situation in the U.S. According to the protocols, most of the members revised the GDP growth forecast downwards, and expressed concerns about achieving the inflation target. In addition, the regulator took the decision to abolish the unemployment rate at 6,5%, as one of the signals to higher interest rates.

The European trading session was also rather positive and the majority of the stock indices were able to recoup losses of the previous days. The British, FTSE 100 rose by 0,70%, the French CAC 40 increased by 0,40%, and Germany's DAX added 0,20% . The Regional indicator STXE 600, in turn, increased by 0,40% and was closed on the level of 335,16 points. Among the published statistical data in the region, Germany's trade surplus in February can be noted, which was at the level of 15,7 billion euros, while analysts were expecting a surplus of 17,8 billion euros.

Today is expected to be quite a quiet day in relation to the publication of macroeconomic statistical data, so the participants of the markets are going to look for external information, which could influence the movements in the markets. As previously mentioned, the U.S. started its corporate reporting season, and despite the controversial start with Alcoa, so far the results are rather good.

 

[MAYZUS_rep]

MAYZUS Daily Technical Levels

EUR/USD - during the day there is a risk of a technical correction
Our turning point is the level of 1.39215
Our preference: Sell the EUR/USD below the level of 1.38700 with the key targets being: 1.38400 and 1.37900.
Alternative scenario: If the resistance level of 1.39215 is breached up with success, then the pair could rise to 1.39430 and 1.39700.
Analysis: The stochastic indicator gave a signal to sell the EUR/USD pair.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

GBP/USD – during the day there is a risk of a technical correction
Our turning point is the level of 1.68170
Our preference: Sell the GBP/USD pair below the level of 1.67500, with the nearest targets being 1.67000, and 1.66600.
Alternative scenario: If the level of 1.68170 is breached up with success, then the pair could rise to 1.68400, and 1.68800.
Analysis: The technical indicators point that the GBPUSD pair is overbought.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

USD/JPY – growth is possible
Our turning point is the level of 101.300
Our preference: Buy the USD/JPY pair above the level of 102.100, with the nearest targets being 102.500, 102.800 and 103.200.
Alternative scenario: If the support level of 101.300 is breached down with success, then the pair could drop to 101.000, and 100.500.
Analysis: The technical indicators point that the USD/JPY pair is oversold.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

AUD/USD – growth is possible
Our turning point is the level of 0.93400
Our preference: Buy the pair above the level of 0.93850, with the nearest targets being 0.94500 and 0.95000.
Alternative scenario: If the support level of 0.93400 is breached down with success, then the pair could drop to the following levels: 0.93000 and 0.92600.
Analysis: The stochastic indicator gave a signal to buy the AUDUSD pair.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

XAU/USD – during the day there is a risk of a technical correction
Our turning point is the level of $1325
Our preference: Sell Gold below the level of $1315, with the nearest targets being $1308 and $1300.
Alternative scenario: If the resistance level of $1325 is breached up with success, then Gold could rise to $1340 and $1350.
Analysis: The technical indicators are in the overbought area and gave a signal to sell.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

XAG/USD – during the day there is a risk of a technical correction
Our turning point is the level of $20.15
Our preference: Sell Silver below the level of $19.95, with the nearest levels being $19.80 and $19.65.
Alternative scenario: If the resistance level of $20.15 is breached up with success, then Silver could rise to $20.30, $20.50 and $20.65.
Analysis: The stochastic indicator is in the overbought area and gave a signal to sell.
This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

 

[MAYZUS_rep]

11 April 2014: The Stock Market Of The U.S. Outlined The Correction
By Kristina Leonova: Chief Analyst in Investment Research Department

There is an impression that the markets are moving up and down, without having the opportunity to decide on a further direction. One day, indices are growing, another day, they are decreasing, thereby leveling all growth of the previous sessions.

Yesterday, the European indices finished the trading day in different directions. At the beginning of the trading session, investors won due to positive news from the USA. After that, some of the indices began to fall, due to the fact that there was not a lot of macroeconomic statistical data published. As a result, the index of the London stock exchange, the FTSE 100, grew by 0,1%, the index of the Parisian stock exchange, the CAC 40, lost 0,66%, and the index of the Frankfurt stock exchange, DAX, decreased by 0,55%.

A pessimistic mood began in Europe and was followed by American indices. We saw a substantial increase in the price of indices on Wednesday, but it seems that after that, stock markets decided to have a correction. A push factor was the statistical data on export and import in China, which appeared to be extremely lower than the predictions of analysts. Import of the country made a number of minus 11,3%, at an expected growth of 2,4%. Export appeared to be minus 6,6% at the expected 4,0%.

However, the statistical data coming from the U.S. was of a positive character, but indices could not find strength to move up. The number of primary requests for unemployment benefits in a week, appeared to be slightly less than expectations on 320 thousand, and made a number of 300 thousand. As a result, the Dow Jones Industrial Average index fell by 1,62% to the level of 16170,22 points, the S&P 500 lost 2,09% and reached a level of 1833,08 points, and the Nasdaq Composite had the biggest loss of the day and decreased by 3,1% to the level of 4054,11 points.

Prices of commodities are stable. Brent and WTI are losing 0,26% and 0,30%, traded on levels of $107,24 and $102,07 per barrel. Gold is flat, traded on a price of $1320,86 per troy ounce. Silver is down by 0,24% at $20,04 per troy ounce.

 

[MAYZUS_rep]

23 April:Results From The Largest American Companies Are Pushing Indices Up

Reports from the largest American companies who demonstrated good quarterly results, are pushing indices up. Due to this, optimism continues in the American stock market. The Dow Jones Industrial Average Index raised 0,4% to the level of 16514,37 points, the index of the wide market, Standard & Poor's 500, increased by 0,41% to the level of 1879,55 points, and the index of high-tech industries, Nasdaq Composite, went to a plus on 0,97% and reached the level of 4161,46 points.

European stock markets also had a rather positive trading session. The British index, FTSE 100, grew by 0,85%, the French CAC 40 added 1,18%, and the German DAX went to a plus on 2,02%. The regional STXE 600 indicator increased, in turn, by 1,4% and was closed on the level of 337,03 points. This morning, indices are bargaining at the previous levels reached, and positive attitudes were also brought on by published macroeconomic data.

The index of business activity in the services sector of the Eurozone, according to the preliminary data, made 53,1 points in April, whilst analysts were only expecting an increase to the level of 52,4 points. The previous value was on the level of 52,2 points. The index of business activity in the industry sector of the Eurozone, according to the preliminary data, made 53,3 points in April, moving up from the level of 53,0 points, recorded last month. Analysts were expecting the level of 53,0 points only.

This morning, a lot of important macroeconomic statistical reports were published. Later, during the course of the day, we are going to see statistics on sales of new houses in the American market. We would like you to note that it seems economists are rather optimistic, predicting an increase of the indicator in March to 0,451 million from 0,440 million the previous month. Also, the weekly data on the dynamics of stocks of oil is going to be presented late in the evening.

 

[MAYZUS_rep]

25 April 2014: The Markets Drift Due To Disappointing News

Yesterday, the American stock market had another moderate trading session, which helped indices to keep their gained positions, and even show a small increase. The stock market was again supported by good quarterly results of companies such as Apple, Caterpillar and Microsoft. Additionally, data on orders of goods of long use in March showed a growth of 2,6%, whilst analysts predicted a level of only 2,0%.

At the same time, negative news flooded the markets. The number of primary requests for unemployment benefits increased to 329 thousand from 305 thousand the previous month, when analysts were expecting the number to be on the level of 310 thousand. Also, the index of business activity in the industry of the FED of Kansas in April decreased to 12 points from 22 points a month earlier.

Additionally, the situation with the conflict in Ukraine is still influencing the market and brings even more uncertainty, as the situation in the country before the weekend keeps getting worse. This morning, the S&P agency lowered the sovereign rating of the Russian Federation from “BBB” to “BBB-“, which is definitely a very bad signal for the country and will have a bad influence on the opening of the trading session in Russia.

The trading session in the stock market in the U.S yesterday finished with the Dow Jones Industrial Average index being unchanged, and closing the day at the level of 16501,65 points. The index of the wide market, S&P 500, grew by 0,17% to the level of 1878,61 points, and the index of the hi-tech companies, Nasdaq, added 0,52% and reached the level of 4148,34 points.

European stock markets already opened the trading day, and are trading in the red zone. Prices of commodities are also bargaining without any significant change. Brent and WTI are losing 0,35% and 0.32% accordingly, traded on levels of $109,95 and $101,62 per barrel. Gold is up by 0,20% and is traded on a level of $1293,14 per troy ounce, silver is losing 0,48% and is on the price of $19,59 per troy ounce.

 

[MAYZUS_rep]

25 April 2014: FORECAST FOR APRIL 28 – MAY 2, 2014

Next week will be filled with macro and microeconomic data from the major world’s economies. Let us revise key events of the week. Monday, April 28 First day of the working week will not have much news from the major world’s economies. Retail sales from Japan are worth paying attention to, as well as pending home sales in the US. Tuesday, April 29 Traders interested in NZD should pay attention to the trade balance of New Zealand that will be published at 1:45 a.m. (GMT+3). During the day, traders will pay attention to the Great Britain’s GDP. GBPUSD will be volatile. S&P Case-Shiller Index will be published at 4 p.m. It shows change of the price of housing in 20 regions of the USA. An hour after that, the US Consumer Confidence index will be announced by the Conference Board. Wednesday, April 30 Clients interested in JPY should pay attention to the industrial manufacturing numbers that will be published in Japan at 2:50 a.m. AUD might be volatile at 4:30 a.m., when private sector loans stats will be announced. Major Eurozone countries will provide their stats in the morning (terminal time), including Consumer Climate from Germany, Consumer Spending from France, GDP from Spain and German unemployment level. Traders will switch their attention to the USA at 3:15 p.m. ADP will publish information about new jobs that can provide a fist assessment of the situation on the labor market. It is expected that the US economy has created 178 new jobs in April. US and Canadian GDPs will be published at 3:30 p.m. The Federal Reserve meeting results will be announced at 9 p.m. The meeting will decide the future of the interest rate and QE3 cuts. Certain trading instruments will be volatile. Thursday, May 1 Europe is celebrating the Labor Day on May 1st, and all major stock exchanges in Europe will be closed. You can find changes of the trading schedule. China will publish its Manufacturing PMI at 4 a.m., and Britain will do the same at 11:30 a.m. The USA will be providing a range of economic indices during the day. The list includes consumers’ income and expenditure, a number of applications for unemployment benefits and ISM index. Friday, May 2 A level of unemployment in Japan, Japanese household spending and Australian PPI will be published during the Asian session. Germany, France and Eurozone will provide their PMIs during the day. Eurozone’s unemployment rate will be announced in the afternoon. Change in Non-farm Payrolls and a number of new jobs will become key events of Friday. According to experts’ expectations, USA should create 181 thousand new jobs and unemployment should drop from 6.7% to 6.5%. US Labor market stats will attract attention of traders all over the world, and volatility will be extremely high. This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.

 

[MAYZUS_rep]

28 APRIL 2014: INVESTORS ARE WAITING FOR FED MEETING THIS WEEK

The beginning of the week has again been influenced by the situation in Ukraine, where intensity continues to strengthen. During Friday’s telephone conference leaders of France, the USA, Germany and Italy, discussed the possibility of an introduction of new sanctions against Russia, thus heads of all four countries believe that the Russian Federation, according to the accepted arrangements, have to take action towards the de-escalation of the conflict, and refuse provocative statements. At the same time, the U.S. are easy going when it comes to the introduction of new sanctions, but European countries are not really willing to proceed with the same attitude, as they are going to become safer due to these actions, and are affected by the situation much more than the U.S.

On Friday, the Dow Jones Industrial Average index finished the trading session with a loss of 0,75% and was closed on a level of 16378,05 points, the index of the wide market, S&P 500, went to a minus by 0,76% and reached the level of 1864,33 points, and the index of the hi-tech companies, Nasdaq, fell by 1,68% to the level of 4078,79 points.

European indices also finished the trading week rather differently, but mainly in negative territory. The British FTSE 100 lost 0,26%, the French index, CAC 40, added 0,80%, and the German DAX went to a minus by 1,54%. The regional STXE 600 indicator decreased, in turn, by 0,80% and was closed on a level of 333,5 points. This morning, indices opened the trading week at almost the same levels they closed with on Friday. The FTSE 100 adds 0,26%, the DAX index adds 0,27% so far, and the CAC 40 grows by 0,19%.

Today, the economic calendar is rather empty, and there aren't any important macroeconomic reports expected, but special attention should be paid to the results of the meeting of the FED, results which we will be able to see on Wednesday the 30th of April, 2014. On Thursday, the majority of the stock markets will be closed in relation to the celebration of Labour Day.

 

[MAYZUS_rep]

28 APRIL 2014: INVESTORS ARE WAITING FOR FED MEETING THIS WEEK

The beginning of the week has again been influenced by the situation in Ukraine, where intensity continues to strengthen. During Friday’s telephone conference leaders of France, the USA, Germany and Italy, discussed the possibility of an introduction of new sanctions against Russia, thus heads of all four countries believe that the Russian Federation, according to the accepted arrangements, have to take action towards the de-escalation of the conflict, and refuse provocative statements. At the same time, the U.S. are easy going when it comes to the introduction of new sanctions, but European countries are not really willing to proceed with the same attitude, as they are going to become safer due to these actions, and are affected by the situation much more than the U.S.

On Friday, the Dow Jones Industrial Average index finished the trading session with a loss of 0,75% and was closed on a level of 16378,05 points, the index of the wide market, S&P 500, went to a minus by 0,76% and reached the level of 1864,33 points, and the index of the hi-tech companies, Nasdaq, fell by 1,68% to the level of 4078,79 points.

European indices also finished the trading week rather differently, but mainly in negative territory. The British FTSE 100 lost 0,26%, the French index, CAC 40, added 0,80%, and the German DAX went to a minus by 1,54%. The regional STXE 600 indicator decreased, in turn, by 0,80% and was closed on a level of 333,5 points. This morning, indices opened the trading week at almost the same levels they closed with on Friday. The FTSE 100 adds 0,26%, the DAX index adds 0,27% so far, and the CAC 40 grows by 0,19%.

Today, the economic calendar is rather empty, and there aren't any important macroeconomic reports expected, but special attention should be paid to the results of the meeting of the FED, results which we will be able to see on Wednesday the 30th of April, 2014. On Thursday, the majority of the stock markets will be closed in relation to the celebration of Labour Day.

 

[MAYZUS_rep]

30 April 2014: Stock Markets Moving Up Before Decision Of The FED

The stock markets had a rather positive trading session on Tuesday. In Europe, the business confidence index in Germany was within expectations, however inflation in the leading country of the Eurozone continues to slow down. The trading session was closed with the index of the London stock exchange, FTSE 100, adding 1,04%, the index of the Parisian stock exchange, CAC 40, growing by 0,83% and the index of the Frankfurt stock exchange, DAX, increasing by 1,46%.

American stock indices continued their positive trend in the markets, and as a result, the Dow Jones Industrial Average index was closed with a 0,53% increase on a level of 16535,37 points, the index of the wide market, S&P 500, grew by 0,48% to the level of 1878,33 points, and the index of the hi-tech companies, Nasdaq, added 0,72% and reached a level of 4103,54 points.

Prices of commodities are correcting slightly from yesterday's levels, Brent is losing 0,57% and is traded on a price of $108,36 per barrel, and WTI is down by 1,04% on a level of $100,23 per barrel. Gold and silver are decreasing by 0,42% and 0,81% accordingly, traded on a level of $1290,91 and $19,33 per troy ounce.

Today in the Eurozone, one of the most important indicators will be published– the indicator of inflation in the region. The European Central Bank is already ready to start the program for repayment of bonds of the countries, in order to disallow any deflationary processes in the region. In March, growth of the consumer prices slowed to 0,5%, but today an acceleration up till 0,8% is expected, which might influence further decisions of the regulator.

In the evening, the FED of the U.S. will publish the results of the meeting, which began yesterday. Since December, the regulator has reduced the program of quantitative easing by an equal amount of 10 billion dollars after each meeting. Thus, the volume of purchase of securities was already reduced by the FED from 85 to 55 billion dollars. Considering the positive signals from the American economy in recent months, most probably, there will be no surprises today. The QE3 program will be reduced to 45 billion dollars a month.

 

[MAYZUS_rep]

1 May 2014: The FED Cuts Monetary Easing Program By Another 10 Billion

Meeting of the FED did not bring any surprises, participants of the markets were almost sure that the program of quantitative easing will be reduced by another 10 billion. The interest rate has been kept on the same level within the diapason of the 0%-0,25%. Before we actually have got results of the meeting, we could follow publications of the data on gross domestic product of the USA, which has raised, according to the preliminary data, only for 0,1%, while growth of 1,2% was expected. The Chicago index of business activity for April, meanwhile, significantly surpassed market expectations of 56,7 points, having made 63 points. The April indicator of employment accordingly to ADP, in turn, reached the maximum level since November and has showed the number of the 220 thousand.

As a result, after the FED has stated their decision, the Dow Jones Industrial Average index added 0,28% and was closed on a level of the 16580,84 points, S&P 500 index grew up for 0,30% and reached a level of the 1883,95 points and the Nasdaq Composite index increased for 0,27% reaching a level of the 4114,56 points.

The European stock markets showed multidirectional dynamics waiting for meeting of the FED. The release of statistical data of the Eurozone and Germany also did not give essential support to indexes. So, retails in Germany for March decreased by estimated 0,7%, coinciding with the forecast. The unemployment rate for April, also coincided with the forecast and has made 6,7%. Slightly lower than forecasts, there was consumer price index in EU in April, showing growth for 0,7%, at the moment then analysts were predicting growth of the 0,8%. Following the results of the trading session, the index of the London stock exchange, FTSE 100 grew by 0,15%, the German DAX added 0,20% and French CAC 40 decreased by 0,23%.

The released yesterday data had a bad influence on the commodities, which are also continue to decrease today. Data on weekly oil stocks from U.S. Energy Information Administration stated that the oil stock for a week grew up to 1,698 million barrels. As a result, Brent is losing 0,45% and is traded this morning on a level of the 107,05$ for barrel. WTI is down for 0,38% and is traded on a price of the 98,73$ for barrel. Gold and silver are decreasing for 1,03% and 0,60% accordingly, traded on a price of the 1282,60$ and 19,06$ for troy ounce.

 

[MAYZUS_rep]

02 May 2014: Today Markets Will Closely Follow Figures On Unemployment And The PMI Indices

The majority of the stock markets in Europe and Asia were closed yesterday due to the celebration of Labor Day in those countries.

In the United States, in the meantime, a lot of important macroeconomic statistical reports were published, which showed rather different results. The number of primary requests for unemployment benefits in a week, made 344 thousand, which appeared to be worse than predictions of 319 thousand. Personal income in March increased by 0,5% and appeared to be better than the predicted 0,4%. Personal expenses in March also grew by 0,9%, against the expected level of 0,6%.

One of the most important indices in the American economy, the index of economic conditions of ISM in the production sphere, made 54,9 points in April , showing better results than the expected 54,3 points. In general, this data did not help indices make any significant moves, and indices closed the trading day at almost the same levels.

The Dow Jones Industrial Average index lost 0,13% and closed the day on the level of 16558,87 points, the S&P 500 index decreased by 0,01% and reached the level of 1883,68 points, and only the Nasdaq Composite managed to add in value (0,31%) closing the day at the level of 4127,45 points.

Today one more important report will be published, which is closely followed by investors and helps make conclusions about the development of the U.S. economy – the Nonfarm Payrolls report, which is expected to be on the level of 210 thousand, which is higher than the number of last month, 192 thousand. Also, we will see the results on the unemployment rate. In Europe, data on the PMI will be presented on Italy, France, Germany and the Eurozone, as a whole. Also, the unemployment figure in the Eurozone will be presented in the first part of the day.

Commodities are bargaining at the same levels, Brent is up 0,08% at a price of $107,29 per barrel, WTI is down by 0,08% at a price of $98,67 per barrel. Gold and silver are traded on prices of $1283,09 and $19,00 perr troy ounce and are losing 0,02% and 0,21% accordingly.

 

[MAYZUS_rep]

05 May 2014: Bears Feel More Confident In The Market

Stock markets closed the last trading week mainly in negative territory. European stock markets are still influenced with the geopolitical situation in Ukraine, and even positive statistics did not help indices to move up.

PMI indices of the members of the Eurozone showed positive dynamics, the index in the Eurozone, as a whole, increased from 53,3 points up to 53,4 points. In Switzerland, the index grew from the level of 54,4 points in March, to 55,8 points in April, but in Germany decreased from 54,2 points to 54,1 points. The unemployment rate appeared to be at the level of 11,8%, against the expected 11,9%.

As a result, the British FTSE 100 index increased by 0,20%, France's CAC 40 lost 0,70% and Germany's DAX went down by 0,50%. The regional indicator STXE 600, in turn, decreased by 0,20% and closed the trading week on a level of 337,76 points.

Statistics in the U.S. also appeared to be rather encouraging, but did not give indices power for growth. According to published data, employment in the U.S. non-farm payrolls increased in April by 288 thousand, while analysts had expected the number to be on a level of only 210 thousand. Additionally, the unemployment rate declined from 6,7% in March, to 6.3% in April, which was better than market expectations of 6.6%.

Nevertheless, the Dow Jones Industrial Average index lost 0,28% and was closed on a level of 16512,89 points, the S&P 500 index was down 0,14%, reaching a level of 1881,14 points, and the index of the high-tech companies, Nasdaq, lost 0.09% and finished the trading session on a level of 4123,90 points.

This morning, the index of business activity in the industry from HSBC in China was released, which, in April, made 48,1 points and appeared to be lower than the predicted result of 48,4 points. Later in the evening, we are going to see the index of economic conditions in the ISM non-manufacturing sector in the United States, for April. It is expected that the index should increase up to 54,1 points from the level of 53,1 points in March.

 

[MAYZUS_rep]

06 May, 2014: Stock Markets Are Opening Trading Week Without Significant Changes

The new trading week started with a moderate growth of the main stock markets. As for the U.S, the index of economic conditions of ISM in the non-productive sphere in April increased from 53,1, to 55,2, when, at the time, analysts predicted growth of only 54,1.

The Dow Jones Industrial Average index raised 0,11% to the level of 16530,55 points, the index of the wide market, Standard & Poor's 500, increased by 0,19% and reached a level of 1884,66 points, and the index of high-tech industries, Nasdaq Composite, went into plus by 0,34% and reached a level of 4138,06 points.

The situation in Europe was not so optimistic, mainly influenced again by the conflict in Ukraine, which brings huge uncertainty to the markets. The French index, CAC 40, increased by 0,10%, the German DAX went to a minus by 0,30%. The regional STXE 600 indicator, in turn, decreased by 0,30% and was closed on a level of 336,89 points.

The investor confidence index of Sentix of the Eurozone for May, made 12,8 points against average expectations of 14,2 points. Besides that, the price index of producers of the Eurozone in March decreased by 0,20%, which coincided with average forecasts.

The price of commodities remain stable without showing any significant movements. Brent and WTI are up by around 0,11% and are traded on prices of $107,23 and $98,84 per barrel. Gold adds 0,20%, traded on a level of $1311,94 per troy ounce. Silver is up 0,40%, bargaining next to the level of $19,65 per troy ounce.

The Asian markets are less active due to the celebration of a national holiday. Today, attention should be paid to the index of business activity in the services sector of Germany, Great Britain and the Eurozone. Also, later on data on retails sales in the Eurozone will be published.

 

[MAYZUS_rep]

07 May 2014: Third Session In A Row, Trading Takes Place In The Red Territory

One more trading day in the stock markets finished in the red zone. European indices closed the day in negative territory, despite the positive statistics on retail sales in the Eurozone. The escalation of the conflict in the Ukraine is still having a serious effect not only on the development in the emerging markets, but also in all the European countries.

As a result, the British index, FTSE 100, lost 0,35%, the French CAC 40 decreased by 0,78% and the German DAX went to a minus by 0,65%. The regional STXE 600 indicator decreased, in turn, by 0,30%, and was closed on a level of 336,04 points.

The European stock markets are decreasing for the third day in a row, even though yesterday published data on retail sales in the region increased in March by 0,3%, whereas analysts expected the indicator to fall 0,2%. In the meantime, the index of business activity in services sector of Germany decreased from 55,0 points in March, to 54,7 points in April.

The American stock market continued to follow the pessimistic moods of the European platforms. The Dow Jones Industrial Average index went down 0,78% to the level of 16401,02 points, the index of the wide market, Standard & Poor's 500, decreased by 0,90% and reached a level of 1867,72 points, and the Nasdaq Composite index went to a minus on 1,38%, and reached a level of 4080,76 points.

Interesting movement was observed in the development of the prices of oil, where the quotations were influenced by the news regarding oil production renewal in Libya. This morning, Brent is up by 0,24% and is traded on a level of $106,75 perr barrel, having dropped from the level of $108,00 yesterday. In the meantime, WTI is up by 0,65% and has reached a level of $99,29 per barrel.

Prices of precious metals are also moving in a positive direction, gold adding 0,16%. Investing in gold would cost you $1310,70 per troy ounce, whilst Silver is up 0,08% and is bargaining on a price of $19,66 per troy ounce.

 

[MAYZUS_rep]

09 May, 2014: Comments Of Draghi Sent EUR/USD Down

Yesterday, investors were focusing on the meeting of the European Central Bank, which strongly affected the Euro's position in relation to main currencies. The ECB kept the interest rate on the same level of 0,25%, but during the press conference, Mario Draghi hinted that it was possible that interest rates could lower next month.

This had an immediate effect on the euro. The EUR/USD dropped from its maximum level over the past 3,5 years, 1,3993, to the minimum of the week, on the level of 1,3848. This morning, the EUR/USD currency pair is traded on a level of 1,3826.

In the U.S, data was presented on the primary requests for unemployment benefits, which appeared to be substantially better than expectations, making 319 thousand, dropping from 345 thousand last month. Analysts were expecting the number to be on 325 thousand.

As a result, the Dow Jones Industrial Average index grew by 0,20% to the level of 16550,97 points, the S&P 500 index lost 0,14% and reached a level of 1875,63 points, and the Nasdaq Composite index decreased by 0,40%, to 4051,50 points.

Prices of commodities are stable and are moving, but without a significant change. Brent and WTI are up 0,84% and 0,83% accordingly, traded on levels of $108,39 and $100,36 per barrel. Gold is up 0,23% and is bargaining on a price of $1290,67 per troy ounce. Silver is adding 0,27% and is traded on a level of $19,19 per troy ounce.