Negative, weakening Economic Data Exchange. The exchange rate of AUD / USD and EUR / USD tracked down after the release of Australian retail sales were down 0.1% in November. Previous economists estimate an increase of 0.3%. AUD / USD fell from 1.0518 to 1.0486, while the EUR / USD fell from 1.3087 to 1.3066. "Weakening of the currency occurs as a reaction to economic data releases and attenuation is unlikely to last long," said Kengo Suzuki, forex analyst at Mizuho Securities in Tokyo. Levels of support for the EUR / USD at 1.3000 with a weakening bias after the currency failed to touch the resistance level at 1.3300. However, the currency seems to lack strong catalysts ahead of the ECB meeting on Thursday (10/01). AUD / USD at 1.0497 and EUR / USD at 1.3080.
Hang Seng opened Gains 0.2%, Sinopec
Hong Kong shares opened early trading Wednesday, helped by rising stock prices of oil producers from China, China Petroleum & Chemical Corp (Sinopec). The Hang Seng Index opened 0.2% higher at 23,154.70 points. Shanghai stock index rose 0.4% indicated.
Actors Action Selling 1.0530 for Aussie Test
Following the movement up to the first resistance at 1.0515 figure, where the Aussie was seen entering a new session high at 1.0521 after the rate of data recovery HIA New Private Home Sales, which rose 4.7% against 3.4% in October, the Aussie finally be willing to remove the reinforcement associated initial disappointment due Retail Sales data release, down 0.1% in November to 0.4% estimated in figures. Aussie has experienced a pullback to support dynamic area near the 1.0495 area, intersect with the 20 EMA on the hourly chart, before buying players back move to stabilize the price at which the actors sell still in control, with the Aussie exchange rate at 1.0490 price.
Post the Hang Seng Property Sector Strengthening Thanks and Energy
Hong Kong shares posted a slim gain early in Wednesday's trading session stocks related to the strengthening of property and energy sectors, while metal producer stocks moved higher after Alcoa Inc shares of U.S. earnings reports start to report a profit. The Hang Seng Index rose 0.3% to 23,193.94 and the Hang Seng China rose 0.7% to 11,759.50. Shares of Sun Hung Kai Properties Ltd. rose 1.1%, China Overseas Land & Investment Ltd. rose 2% and PetroChina Co. climbed 1.5%.
The rate of these stocks beat the stock fall Ping An Insurance Group Co. follows several reports that the deal is approved by HSBC Holdings PLC to sell its stake in the company is doomed to fail as lender of China withdrew from the deal. HSBC shares moved down 0.5%. Shanghai stock index rose 0.3% to 2,281.84 in the midst of hectic action choppy.
Asia Stocks Mostly Stronger
Most Asian stock markets moved higher Wednesday as earnings season start early trading on positive area in the U.S., with the Japanese stock market rebound as yen weakened again during the current earnings reporting season. Japan's Nikkei index 0.4%, recovering from a fall in early trade, the movement of 1% related to the strengthening yen. The Hang Seng index in Hong Kong rose 0.4%, while the Shanghai stock market index rose 0.2%, and the Australian stock exchange, S & P / ASX 200 advanced 0.3%. However, the KOSPI it moves weaken.
Alcoa Earnings Report Target, Boost Outlook
Alcoa opens earnings season by setting a target while trimming expenses erode earnings falling aluminum prices. The company also said Alcoa estimates global demand for aluminum will increase by 7% for 2013, up from 6% in 2012. "What we see in the world market and the market in China is obviously going to increase," said the company's CEO, Klaus Kleinfeld, told CNBC. "I would not be surprised if we see a GDP growth above 8%. Europe is also getting better, better than many people .... So all eyes are still fixed to the U.S. ". Investors welcomed the report Alcoa, bring the stock price moves up after the close of trading.
Yen Gains Profit-Taking Related Actions Against USD
The yen continued to move higher against the U.S. dollar and the euro in early trading session Wednesday despite expectations of further policy easing from the Bank of Japan still survive, as investors booked profits. The euro fell to 113.80 yen after the area fell to 113.55 yen, its lowest level since the end of December, down for the first time since December 11 and is still moving away from 18-month high at 115,995 Yen numbers listed on trading platform EBS last week. The dollar fell as much as 0.2% to 86.96 yen, down to as low as 86.83 yen in early trading session. On Friday, the U.S. dollar to a 2-1/2 year high touched the 88.48 area on EBS, after rising as much as 12.8% against the yen in 2012, the movement of the strongest since 2005.
The new Japanese government under the leadership of Prime Minister Shinzo Abe urged a further policy easing, will be setting the agenda to pull Japan out of deflation dilemma. BoJ next meeting will be on January 21 to 22, when officials will debate the government's inflation target to a level of 2% from current levels at the 1%, as instructed by Abe.
Hang Seng opened Gains 0.2%, Sinopec
Hong Kong shares opened early trading Wednesday, helped by rising stock prices of oil producers from China, China Petroleum & Chemical Corp (Sinopec). The Hang Seng Index opened 0.2% higher at 23,154.70 points. Shanghai stock index rose 0.4% indicated.
Actors Action Selling 1.0530 for Aussie Test
Following the movement up to the first resistance at 1.0515 figure, where the Aussie was seen entering a new session high at 1.0521 after the rate of data recovery HIA New Private Home Sales, which rose 4.7% against 3.4% in October, the Aussie finally be willing to remove the reinforcement associated initial disappointment due Retail Sales data release, down 0.1% in November to 0.4% estimated in figures. Aussie has experienced a pullback to support dynamic area near the 1.0495 area, intersect with the 20 EMA on the hourly chart, before buying players back move to stabilize the price at which the actors sell still in control, with the Aussie exchange rate at 1.0490 price.
Post the Hang Seng Property Sector Strengthening Thanks and Energy
Hong Kong shares posted a slim gain early in Wednesday's trading session stocks related to the strengthening of property and energy sectors, while metal producer stocks moved higher after Alcoa Inc shares of U.S. earnings reports start to report a profit. The Hang Seng Index rose 0.3% to 23,193.94 and the Hang Seng China rose 0.7% to 11,759.50. Shares of Sun Hung Kai Properties Ltd. rose 1.1%, China Overseas Land & Investment Ltd. rose 2% and PetroChina Co. climbed 1.5%.
The rate of these stocks beat the stock fall Ping An Insurance Group Co. follows several reports that the deal is approved by HSBC Holdings PLC to sell its stake in the company is doomed to fail as lender of China withdrew from the deal. HSBC shares moved down 0.5%. Shanghai stock index rose 0.3% to 2,281.84 in the midst of hectic action choppy.
Asia Stocks Mostly Stronger
Most Asian stock markets moved higher Wednesday as earnings season start early trading on positive area in the U.S., with the Japanese stock market rebound as yen weakened again during the current earnings reporting season. Japan's Nikkei index 0.4%, recovering from a fall in early trade, the movement of 1% related to the strengthening yen. The Hang Seng index in Hong Kong rose 0.4%, while the Shanghai stock market index rose 0.2%, and the Australian stock exchange, S & P / ASX 200 advanced 0.3%. However, the KOSPI it moves weaken.
Alcoa Earnings Report Target, Boost Outlook
Alcoa opens earnings season by setting a target while trimming expenses erode earnings falling aluminum prices. The company also said Alcoa estimates global demand for aluminum will increase by 7% for 2013, up from 6% in 2012. "What we see in the world market and the market in China is obviously going to increase," said the company's CEO, Klaus Kleinfeld, told CNBC. "I would not be surprised if we see a GDP growth above 8%. Europe is also getting better, better than many people .... So all eyes are still fixed to the U.S. ". Investors welcomed the report Alcoa, bring the stock price moves up after the close of trading.
Yen Gains Profit-Taking Related Actions Against USD
The yen continued to move higher against the U.S. dollar and the euro in early trading session Wednesday despite expectations of further policy easing from the Bank of Japan still survive, as investors booked profits. The euro fell to 113.80 yen after the area fell to 113.55 yen, its lowest level since the end of December, down for the first time since December 11 and is still moving away from 18-month high at 115,995 Yen numbers listed on trading platform EBS last week. The dollar fell as much as 0.2% to 86.96 yen, down to as low as 86.83 yen in early trading session. On Friday, the U.S. dollar to a 2-1/2 year high touched the 88.48 area on EBS, after rising as much as 12.8% against the yen in 2012, the movement of the strongest since 2005.
The new Japanese government under the leadership of Prime Minister Shinzo Abe urged a further policy easing, will be setting the agenda to pull Japan out of deflation dilemma. BoJ next meeting will be on January 21 to 22, when officials will debate the government's inflation target to a level of 2% from current levels at the 1%, as instructed by Abe.
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