Market reviews and recommendations of "Brokerage house "Jazz Capital" JCS (Kazakhstan) analysts for June 22, 2011

/IRBIS, June 22, 2011/ -"Jazz Capital" Brokerage house JCS (Almaty, Real Invest Group) has provided IRBIS with a survey of main events, market reviews and investment ideas for June 22, 2011. Analysts of JSC "Brokerage House "Jazz Capital" note the following significant events: - Key U.S. and European indices finished the last session with the growth of prices. "Greek factor" in the auction on Tuesday maintained its position of a key indicator of the market sentiment, with traders attention was riveted to the voting citizens of Greece for a new trust in the government. European Southern republic is currently the strongest in the last year crisis that has forced even the acting Prime Minister George Papandreou to take such measures as a complete upgrade of its cabinet. The two-day meeting of EU experts and the International Monetary Fund, kicks off today, according to most experts, is the "last chance" for the country - market participants are hoping that European politicians will still be able to reach a consensus on the issue for Greece. At the end of trading on Tuesday, the key European markets closed down the growth by 1.44% - 2.04%, U.S. Dow Jones and S & P 500 finished the session gain of 0.91% and 1.31% respectively. The analysts of JSC "Brokerage House" Jazz Capital" note that the American indexes were growing over the past four trading days, realizing the expectations of most market participants, based on the pattern that has developed in terms of technical analysis. Today will be the Fed meeting, which is expected to score course of monetary policy of the United States, and despite the fact that over the past two years, special surprises such meeting of the American central bank is not presented, this time the plot is heated with swift completion of the quantitative easing program 2. - On the sites of emerging markets on the basis of the previous trading day was noted considerable growth of key indices. The paradox was observed in the areas of developing countries in the past two days, marked with almost complete loss of correlation between the local indices and quotations of "black gold", in our view primarily due to a number of technical factors, whose influence at the moment is even stronger than that of price changes oil. At the same time it should be noted that the high volatility, inherent in the traditional trading of contracts for the supply of "black gold", is now replaced by rather low activity of the oil traders that also influenced the shift in emphasis of the regional market participants. Finally, as another important factor that ensured the growth in areas of developing countries, we note the positive expectations of experts in two-day meeting of European officials on the situation in Greece. Thus, market participants, fairly, on the look of JSC "Brokerage House" Jazz Capital" believe that now the Europeans will just have to make compromises and against the wishes of the majority, and to prepare as soon as possible to give Greece a new package of financial assistance. - The price of a barrel of oil of Brent North Sea on the basis of past trade declined by 0.66% to $110.95. Traders with contracts for the supply of "black gold" in the last session ignored the economy-wide positive sentiment of the majority of market participants, which seemed quite worrisome. However, if we recall the often inconsistent and sometimes inexplicable oil prices, which were witnessing analysts of JSC "Brokerage House" Jazz Capital" for the past year, talks about the formation of pronounced "bear" sentiment on the oil market, would be at least premature. Analysts of JSC "Brokerage House" Jazz Capital" also note that the decline has slowed in recent days, which probably explains the approach of an important psychological level of $110 per barrel. - Quotes of troy ounce of gold, at the end of last session rose by 0.39% to $ 1,547.8. Gold prices are currently in the way of the third and most important attempt to overcome the psychological level at $1,550 and at historic high levels. Analysts of JSC "Brokerage House "Jazz Capital" note that in case of failure, the market for gold futures for at least the next month will be favorable for the "bears" and as a result unfavorable to the "bulls". And despite the fact that analysts of JSC "Brokerage House "Jazz Capital" consider the likelihood of such developments as the low, opening "long" positions in gold would be better only after fixing the quotes of "precious metal" on new historic highs. - Currency pair EUR/USD on the basis of the previous session reinforced by 0.42% to 1.437. Euro, being vigorous after promises of EU Parliament to come to a meaningful opinion on the question of assistance to Greece, in the course of trading on Tuesday carried out even the trigger of a mark 1.44. Despite the close proximity of the most important psychological level of 1.45, analysts of JSC "Brokerage House" Jazz Capital" note that a key indicator of the dynamics of a given currency pair will be certainly the outcome of the Fed meeting. - Currency pair GBP/USD on trading results on Tuesday fell by 0.04% to 1.6212. The British pound had "metering" pending before a press conference the head of the U.S. central bank, which may sound a phrase that could generate at least short- term trends in the pair pound/dollar. This material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. IRBIS Agency doesn't take responsibility for the opinions which are in this material. [2011-06-22]