U.S. markets seemed to have display glimpse of growth yesterday morning, but they failed and closed near the bottom. Such falls are usually bought up for the very next day, so let’s see if this is the case here. All the more so that investors are looking forward to FOMC meeting. Experts are almost sure that the Fed will not change its plans to curtail the volume of repurchasing assets, but at the same time they expect that there would be some clues about rate hikes in the text of the application. According to experts, the Fed will reduce QE to $25 billion and will complete the program, as planned, in the fall.
Twitter is up 30% after the closure according to quarterly report. The number of active users grew up in another 16 million and is now at 271 million in total. This is due to the activity during the World Cup. During the quarter, the company earned $312 million, though the company remains unprofitable (- $145 million). Now the price is trading above the resistance levels of $43 and $47. Perhaps this news will support quotes of other social networks like Facebook and LinkedIn.
Bidu gave a good continuation down yesterday after the stock opened below $226.60 and the level of $224 was broken, and then fell for another $4. Potential support of $217 gives some prospects for the third day.
USD/RUB is now acting predictably due to the geopolitical instability in the eastern Ukraine and U.S. and European sanctions against Russia. The price repealed of the support 33.50 that used to act as a resistance. Then it has broken bear channel with a big bullish candle. You should expect some pullback after the four days growth and an opportunity to buy up near the support of 35.25 (the previous high).
Google approached to the potential support of about $592. If buyers could hold this level and brake the trandline of $598, it would attract more active buyers that would lead to the resumption of the trend. If this pattern resolves down then I’ll look for a correction with a potential target to the next support zone of about $575-$577.