Review of the world’s major financial markets from January 27, 2015

Stock markets around the world unanimously passed to the sale, and for the most part on the news from the corporate sector and fears of an impending snowstorm in the US. As a result, Hong Kong’s Hang Seng (HSI) at the end of trading day lost 0.82%. Meanwhile, Britain’s FTSE slipped to 0.44%, while Germany’s DAX rooted immediately by 1.63%. US stock indexes have fallen more than any other to the end of the trading day.

The market was busy preparing for a serious test — the FOMC meeting on monetary policy. Yesterday’s reports from the United States on orders for durable goods (-3.4% vs. + 0.5%) have engendered doubts among investors about the need to accelerate the transition to the regime of tightening. As a result, EUR / USD has been able to grow to 6-day high of 1.1422, closed in the area of ​​1.1370. Meanwhile, GBP / USD from 1.5058 day low reached at the rather weak data on British GDP, jerked to a mark 1.5195 at the close. USD / JPY has slipped during the day to minimize 117.33, but was restored to the area of ​​117.90 at the close. USD / RUB at the opening grown to nearly 1.5-month high of 67.56, but since then has only decreased, completing trades near 66.25.

Under the influence of the weakening dollar in preparation for the FOMC meeting crude oil futures tried to go back to recent highs. As a result, Brent opened trading at $ 48.07 a barrel, slipped to $ 47.67, then reached 49.96, returning to the end of trading at around $ 49.20 per barrel.

Precious metals could not take advantage of a convenient situation for restoration: the dollar’s decline, rather weak economic data from the US and the imminent meeting of the Federal Reserve. So, XAU / USD from the opening level of $ 1280.61 reached the high of $ 1297.54 and closed at around $ 1293 per ounce, while silver traded near 18.00 at the close.

Forecast for Wednesday, January 28

Stock market

Apple’s stock yesterday were under pressure at the same time with the common market, testing the 110.00 mark. The reason for the sales became negative data on orders for durable goods, which were much worse than expected, as well as the approaching snow storm in the US, which pressed the talk about the US stock market. However, the publication of a quarterly report put everything in its place: Apple Inc. reported that quarterly profit rose 38% to a record high due to sharply increased demand for the new iPhone with a larger screen. Apple reported a net income of $ 18.0 billion for the fiscal quarter, up $ 13.1 billion in the same period last year. EPS rose 48% to $ 3.06, while revenue increased 30% to $ 74.6 billion versus $ 57.6 billion. This is significantly higher than the predicted values, and, therefore, the shares again experienced a wave of demand, and most likely it will long wave with a medium-term objective at $ 117.10.

Commodities

Oil prices rupturable contradictory known: yesterday growth was triggered by the weakening of the US dollar and OPEC comments that without investment in oil prices could rise sharply. In addition, it was reported that Saudi Oil Minister met with representatives of Russia and Norway to discuss the stability of the market. The market saw this as a sign of readiness to stabilize prices. However, later the newspaper Telegraph reported that Saudi Arabia secretly increase production to 9.8 million barrels a day to strengthen military operations with US oil producers. This is the highest level since October last level. And, most likely, will soon be followed by relevant comments, which can again put pressure on Brent, with the immediate goal of $ 47.50.

Foreign exchange market

USD / RUB yesterday held under the influence of «junk» rating, but to tell the truth, the reaction was not so significant. A combination of factors, which we called earlier (foreseeability reduction, low levels of public debt to GDP ratio, Fitch and Moody’s have not yet acceded to a colleague) seem limited the scope of the loss rate. Nevertheless, we have to admit that at the moment the reasons for the strengthening of the national currency is no: the period of the largest tax payments passed, which means that the exporter does not make sense to buy RUB. In addition, the growing tension in the Donbas only aggravates the political crisis between Russia and the West, threatening the introduction of a new package of sanctions. The very likelihood of such an outcome can continue to push the ruble down with the immediate goal at around 70.00.

Have not talked on the subject of the British pound, which recently reached a critical point — the 1.5-year-old minimum — and quite possibly already deployed downtrend. Sure, as long as economic data say only that the growth of the British economy continues to slow. However, all this and more is already incorporated in the price. In fact, 2014 was pretty good for the UK — she finished it much more than the beginning, noting the maximum growth rate for the last 7 years. The labor market is recovering with a good speed, although not fast enough wage growth and low consumer price inflation (CPI) due to falling energy prices provide an opportunity to the Bank of England to tighten monetary policy during soft. However, in the coming months we can see the first effects of cheap fuel that will support exporters, will give impetus to the growth of business activity and support UK manufacturing. The sequence of positive reports may create conditions for the restoration of the British pound, by analogy with the previous year: from February to July 2014 GBP / USD added almost 780 points. And if the eurozone is also able to convert massive incentives to the real growth of the economy, it will only speed up the movement of the pound sterling. But it is in the long run. In the meantime, we recommend that you seek Pullback down to enter long positions in the medium-term trading strategy. In the current environment, the return to the area of ​​1.51 could be an attractive starting point for shopping and the nearest short-term goal will mark 1.5270.

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Review of the world's major financial markets from January 27, 2015 | Web Trade For All - Forex trading, analytical reviews of the market and help for beginners