Wednesday, October 31, 2012

Yen (Return) Short Level Pre-BoJ

Yen (Return) Short Level Pre-BoJ. Yen restore levels fall after BOJ steps in high numbers yesterday at 79.96, which is now again following movements in figure 79.82. The yen moved up 0.25% for the week, finding support at the 200-Day SMA, 79.50 points lower yesterday. Valeria Bednarik, Chief Analyst at FXstreet.com notes: "chart movements per hour to maintain prices above the SMA-200 and 100 which form the support area at 79.70; within the same timeframe, the potential loss of bullish indicators but remained in the positive area, while the graph per 4 hours still looks the same, with a short-term bullish signal begins to lose momentum, "said Valeria. He predicted: "79.40/80.10 is the range for the first day of the month (November) is" the analysts recommended.

Bednarik said that support will be recorded in the range of 79.70, 79.40 and 79.10. While the range of resistance were 80.05, 80.30 and 80.60.

Oil edged up after the storm sandy

U.S. crude oil prices scored only a slight increase on Wednesday as post-prepared for the potential disruption of fuel supply for the long term in the second largest refinery in the East Coast after the storm Sandy on the Jersey shore. The market focused on tightening fuel supplies East Coast as much as 238,000 barrels per day refinery may face Phillips 66 Linden, New Jersey, after Sandy jarring disconnect power and flooded some low-lying areas. The company on Wednesday said that the workers had returned, but found not predict when it will reopen.

Traders still predicts a decrease in the level of demand as the distribution is lost in the storm plus the already tight regional supply and supply disruptions. "I think there is a lot of action and speculation of hedge funds impact damage from Sandy," said Richard Ilczyszyn, chief market strategist and founder iitrader.com LLC (ex MF Global) in Chicago.

Visa Shares Trading Post Gains

Visa Inc. shares moved higher after the payment of the company's network posted an adjusted earnings were better than expected and announced a share repurchase program. Visa said that fourth-quarter earnings still out at income tax $ 1.54 per share. Analysts surveyed by FactSet had forecast the stock price of $ 1.50 per share. Total operating income rose 15% to $ 2.7 billion from the previous year, and the payments grew by 6%. Visa shares rose 1.7% to $ 141.10 ahead of the close of trading.

Visa posted a profit of $ 1.7 billion, or $ 2.47 per share, from $ 880 million or equivalent to $ 1.27 per share, a year earlier. For the 2013 financial year running, Visa said that revenue will grow by 10% to 13% over 2012, while the shares of class A will experience revenue growth of 17% to 19%. Visa also announced a share repurchase program worth $ 1.5 billion class A shares that will be conducted during the month of October 2013.

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