Market Review date January 30, 2013. Global stock markets rallied and the dollar fell to a 14-month low against the euro in trading Tuesday amid rising interest in risky assets as the start of the regular session of the Fed which will last for 2 days which is predicted to maintain a loose monetary policy. Reports of rising house prices in the U.S. (single family home prices) in the month of November. Markets had initially depressed after U.S. consumer confidence data release which dropped in January to its lowest level for more than a year. However, the data will still maintain expectations that the Fed will maintain a loose monetary policy. The market is now looking forward to hearing the results of the Fed, which ends on Wednesday or early Thursday. Despite the predictable outcome of the trial would not make a policy change, but the market will look at the turn of the position honorary board member of the Fed to look at a variety of possible policy changes in 2013.
EURO
Euro gains on dollar continue, break above resistance level to the highest level 14 months. The euro was last moved around $ 1.3491. German consumer morale rose for the first time in four months into February because of a lull in the storm boosted optimism that the euro zone, market research group GfK. The euro is expected to try to level 1.3500 with resistance at 1.3535.
Aussie Lift Position Top All 1.0450
Aussie currently residing in the 1.0469 area ahead of the quiet Asian session related economic data from Australia, down from a high of 1.0477 weekly, and continue the recovery which started yesterday in its weekly low of 1.0383 figure. Aussie has moved less than 70 pips from daily moving average and a report from the market said that the Aussie has found an increasingly large sell off, with the number of players who have done so, according to a recent report from the COT.
Weekly high when only a few pips below the 50% Fibo for the last movement in the number of 1.0580/1.0383 at 1.0480 and the low numbers on January 18. According to Valeria Bednarik, analyst at FXstreet.com: "hourly chart shows the momentum of price changes, while some indicators move down when prices are actually going up. SMA-20 were still in that current prices have the potential to rise even while in motion on 4-hour chart shows the bias increases and it will last as long as price is above 1.0420, there is room to move up to the area currently in the area 1.0500 ", said the analyst.
Valeria noted support area at 1.0420, 1.0380 and 1.0330, with a range of resistance in the area of 1.0470, 1.0500 and 1.0540.
Australia Will Election On 14th September
Australian Prime Minister Julia Gillard announced on Wednesday that the country's elections will be held on September 14, according to a report. Gillard said the announcement of the exact date provides certainty to the business sector, reported Dow Jones Newswires. With the news that persisted for nearly nine months of election-related news in the country, the continuity of the campaign will be the longest in the political history Australia, during the campaign in general only last for only one month, Reuters reported.
Ready Translucent GBPJPY 143.15, Target 144.00
Sterling gains against the yen continues to build after finding a technical basis above 142.00 in the European session. The pair are currently in a position close to 143.15, where the actors sell survive. Rally to escape from 14:04 still consistent with current trends. The pressure is now on 143.15 resistance level course will provide strong opportunities for short-term penetration, with the perpetrators of buying the beat position of actors selloff in every movement in motion last eight candle. Related to this, an attempt to bring the price down down 142.50 will be challenged by the persistence of the perpetrators continue buying.
If the price had touched 143.15, will open up additional opportunities for movement rose 75 pips in favor of the position of buying players, with the next target might be trying to close 144.00, where the high 17/25 January will be untouched. For the fall of the movement, the failure rate 143/20 will find movement up to 142.90 as a protection area for buying players, followed by 142.50, daily level.
KOSPI Opens Stronger thin
South Korean stocks, KOSPI, opened higher Wednesday, with reports that Hynix erarnings exchanges led the gains in the tech sector's earnings despite weaker than expected. Hynix rose 2.9% after the chip maker posted a quarterly profit return Wednesday related demand from smartphone manufacturers such as Apple Inc., although prices are still below the estimates. South Korea composite price index (KOSPI) moved up 0.27% in rate 1.961.17 points.
Hang Seng Opens Up 0.5%
Hong Kong's stock market, Hang Seng started a movement today is in high daily since May 2011 Wednesday, helped by a 1.2% gain for seed stock exchanges, the China Construction Bank and China Shenhua Energy Co Ltd. The Hang Seng Index opened 0.5% higher at 23,767.30 points, the highest daily since the beginning of May 2011. Index of Chinese companies listed in Hong Kong rose 0.6% indicated.
Performance Raised Nikkei Telecom Earnings Reports
Japan's stock market index, the Nikkei, to continue strengthening this Wednesday after the overnight index moved higher following the U.S. stock market, the Nikkei index rose 0.9% to 10,958.66 and the Topix index rose 0.4%. Telecom stocks led the gains, with shares of Softbank Corp which rose 2.8% after the Nikkei reported that the company is expected to post earnings rise in April-December, which was helped by sales of the iPhone. Energy stocks also add to the strengthening market. Shares of Japan Petroleum Exploration Co. climbed 2.7%, and Inpex Corp. shares rose 1.1%.
Mostly Sector Gains, Hang Seng Positive
Hong Kong's stock market, Hang Seng moved up in early trading session to reach its daily high since May 2011, the telecommunications sector and consumer market led the gains after U.S. stock markets closed higher. The Hang Seng Index rose 0.8% to 23,844.33 and China's Hang Seng index rose 1% to 12,201.38. Shares of China Unicom Hong Kong Ltd. rose 2.1%, the port operator China Merchants Holdings Interbational Co. rose 2.4% and shares of Belle International Holdings Ltd. rose 1.7%, along with shares of Aluminum Corp. of China rose 0.5% despite the company warning that there will be a record loss in 2012. China stock index rose 0.2% to 2,363.72.
Seen Stuck Below Yen 91.00
Japan's retail sales data emerging with the release rate +0.4% annualized basis, making the price move slightly to Yen, the last figure 90.78, is near the area of trade in the U.S. session opening. The yen moved down slightly for the week, down by 0.28%, with a focus on the FOMC meeting, U.S. jobs data and GDP figures. As said Valeria Bednarik, analyst at FXstreet.com who noted: "The yen failed to recover to penetrate the short-term channel in its movements per hour," the analyst said, adding: "technical indicators in its movement neutral area indicating the absence of reinforcement in any area, while the movement of the channel near the 90.90 resistance area near and SMA-100 was at 90.30 today. Yen will still survive with a positive bias, to the data and news out of the U.S., "concluded Valeria.
Analysts noted the range support in the 90.30 area, 89.80 and 89.60, while resistance is at 90.90 range. 92.10 and 91.60.
EURO
Euro gains on dollar continue, break above resistance level to the highest level 14 months. The euro was last moved around $ 1.3491. German consumer morale rose for the first time in four months into February because of a lull in the storm boosted optimism that the euro zone, market research group GfK. The euro is expected to try to level 1.3500 with resistance at 1.3535.
Aussie Lift Position Top All 1.0450
Aussie currently residing in the 1.0469 area ahead of the quiet Asian session related economic data from Australia, down from a high of 1.0477 weekly, and continue the recovery which started yesterday in its weekly low of 1.0383 figure. Aussie has moved less than 70 pips from daily moving average and a report from the market said that the Aussie has found an increasingly large sell off, with the number of players who have done so, according to a recent report from the COT.
Weekly high when only a few pips below the 50% Fibo for the last movement in the number of 1.0580/1.0383 at 1.0480 and the low numbers on January 18. According to Valeria Bednarik, analyst at FXstreet.com: "hourly chart shows the momentum of price changes, while some indicators move down when prices are actually going up. SMA-20 were still in that current prices have the potential to rise even while in motion on 4-hour chart shows the bias increases and it will last as long as price is above 1.0420, there is room to move up to the area currently in the area 1.0500 ", said the analyst.
Valeria noted support area at 1.0420, 1.0380 and 1.0330, with a range of resistance in the area of 1.0470, 1.0500 and 1.0540.
Australia Will Election On 14th September
Australian Prime Minister Julia Gillard announced on Wednesday that the country's elections will be held on September 14, according to a report. Gillard said the announcement of the exact date provides certainty to the business sector, reported Dow Jones Newswires. With the news that persisted for nearly nine months of election-related news in the country, the continuity of the campaign will be the longest in the political history Australia, during the campaign in general only last for only one month, Reuters reported.
Ready Translucent GBPJPY 143.15, Target 144.00
Sterling gains against the yen continues to build after finding a technical basis above 142.00 in the European session. The pair are currently in a position close to 143.15, where the actors sell survive. Rally to escape from 14:04 still consistent with current trends. The pressure is now on 143.15 resistance level course will provide strong opportunities for short-term penetration, with the perpetrators of buying the beat position of actors selloff in every movement in motion last eight candle. Related to this, an attempt to bring the price down down 142.50 will be challenged by the persistence of the perpetrators continue buying.
If the price had touched 143.15, will open up additional opportunities for movement rose 75 pips in favor of the position of buying players, with the next target might be trying to close 144.00, where the high 17/25 January will be untouched. For the fall of the movement, the failure rate 143/20 will find movement up to 142.90 as a protection area for buying players, followed by 142.50, daily level.
KOSPI Opens Stronger thin
South Korean stocks, KOSPI, opened higher Wednesday, with reports that Hynix erarnings exchanges led the gains in the tech sector's earnings despite weaker than expected. Hynix rose 2.9% after the chip maker posted a quarterly profit return Wednesday related demand from smartphone manufacturers such as Apple Inc., although prices are still below the estimates. South Korea composite price index (KOSPI) moved up 0.27% in rate 1.961.17 points.
Hang Seng Opens Up 0.5%
Hong Kong's stock market, Hang Seng started a movement today is in high daily since May 2011 Wednesday, helped by a 1.2% gain for seed stock exchanges, the China Construction Bank and China Shenhua Energy Co Ltd. The Hang Seng Index opened 0.5% higher at 23,767.30 points, the highest daily since the beginning of May 2011. Index of Chinese companies listed in Hong Kong rose 0.6% indicated.
Performance Raised Nikkei Telecom Earnings Reports
Japan's stock market index, the Nikkei, to continue strengthening this Wednesday after the overnight index moved higher following the U.S. stock market, the Nikkei index rose 0.9% to 10,958.66 and the Topix index rose 0.4%. Telecom stocks led the gains, with shares of Softbank Corp which rose 2.8% after the Nikkei reported that the company is expected to post earnings rise in April-December, which was helped by sales of the iPhone. Energy stocks also add to the strengthening market. Shares of Japan Petroleum Exploration Co. climbed 2.7%, and Inpex Corp. shares rose 1.1%.
Mostly Sector Gains, Hang Seng Positive
Hong Kong's stock market, Hang Seng moved up in early trading session to reach its daily high since May 2011, the telecommunications sector and consumer market led the gains after U.S. stock markets closed higher. The Hang Seng Index rose 0.8% to 23,844.33 and China's Hang Seng index rose 1% to 12,201.38. Shares of China Unicom Hong Kong Ltd. rose 2.1%, the port operator China Merchants Holdings Interbational Co. rose 2.4% and shares of Belle International Holdings Ltd. rose 1.7%, along with shares of Aluminum Corp. of China rose 0.5% despite the company warning that there will be a record loss in 2012. China stock index rose 0.2% to 2,363.72.
Seen Stuck Below Yen 91.00
Japan's retail sales data emerging with the release rate +0.4% annualized basis, making the price move slightly to Yen, the last figure 90.78, is near the area of trade in the U.S. session opening. The yen moved down slightly for the week, down by 0.28%, with a focus on the FOMC meeting, U.S. jobs data and GDP figures. As said Valeria Bednarik, analyst at FXstreet.com who noted: "The yen failed to recover to penetrate the short-term channel in its movements per hour," the analyst said, adding: "technical indicators in its movement neutral area indicating the absence of reinforcement in any area, while the movement of the channel near the 90.90 resistance area near and SMA-100 was at 90.30 today. Yen will still survive with a positive bias, to the data and news out of the U.S., "concluded Valeria.
Analysts noted the range support in the 90.30 area, 89.80 and 89.60, while resistance is at 90.90 range. 92.10 and 91.60.
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