The review of key events and forecasts from "ASYL INVEST" JCS (Kazakhstan) analysts for September 16, 2011

/IRBIS, September 16, 2011/ - "ASYL INVEST" JCS (Almaty) has provided IRBIS with the review of key events and its investment ideas and forecasts for September 16, 2011 Analysts of "Asyl Invest" indicate that the news background for the domestic market today is positive, given yesterday's rise in prices for oil and industrial metals, as well as the rise of the indexes of Asia in the morning session. But we should not rule out that today is probably the Friday fixing profits in foreign markets, given the good growth rates and risk indices for the week. Against the background of the uncertainty on the economy, which was confirmed by yesterday the U.S. data on unemployment and economic activity, as well as unresolved issues in the euro area investors' fears still persist. Besides, ASYL INVEST analysts note the following events on world markets: - Increased inter-bank distrust in Europe yesterday forced central banks to provide liquidity to the country's leading applied for it to commercial banks in Europe. Event outweighed speculation that the labor market situation is deteriorating, emerged after the next increase in the number of initial applications for U.S. unemployment benefits last week to its highest value since the end of June this year. In addition, on this day the U.S. data showed a further slowdown in the industrial district of New York and Philadelphia County in August. - Asian markets today repeat the dynamics of U.S. and European markets after the central banks of leading countries have provided support for those in need of liquidity to banks, thereby weakening the market growing fears about their solvency. The Nikkei and Hang-Seng today are growing at 2.0%, Shanghai Composite grows on more moderate pace (+0.5%). Yesterday: Yesterday rate stood at 1.3937, which is close to a strong resistance level of Fibonacci (50% - 1.3948). Support for the flow of positive news helped to Eurozone, in particular, the assurances Merkel Sarkozy that of Greece will not be allowed out of control and the country defaulted remain in monetary union, the news that China will continue to buy bonds and distressed eurozone yesterday's action regulators to ensure the liquidity of banks in Europe. Today, the euro/dollar declines by 0.1% after yesterday's rise. According to the "Asyl Invest", the main events of the euro have been already played, the major indices over the past three days have grown up decently, which will contribute to opening of short positions on stocks and the euro today. Especially because of pair euro/dollar strong global resistance level has been reached - 1.3948 Fibonacci. Statements by leaders of major countries and the ECB certainly good for the banking sector, but at the root of the problem is not solved. The mere fact that the regulators have to intervene in the situation says about the growing problems in the banking sector in Europe. - Gold prices fell yesterday by 1.7% to $1,789 per ounce. Industrial metals and oil prices rose after fears of banks in Europe were asleep, and U.S. data on industrial production showed an increase in August, above market expectations. Today, oil prices in the U.S. and Europe are growing within 0.4%. Prices for WTI crude oil again topped $ 90 per barrel. But can not overcome it with the beginning of September, which increases the risk of falling. Gold prices are falling again today, losing 1% in the Asian session, after the first week of September, gold prices have already fallen by 6%, dropping for 7 days from 9. "Asyl INVEST" believes that current price levels are attractive to buy because problematic question of the euro area and the impact of the debt crisis in the banking sector in Europe has not yet been resolved. Analysts of "Asyl Invest" do not rule out raising the price of today's auction. The present material is exclusively informative and isn't an offer or recommendation to conclude any deals with stock. "IRBIS" Agency doesn't take responsibility for the opinions, given in the present material. [2011-09-16]