Positive, profitable Correction Nikkei Yen Exchange Rate. This morning (25/01) Tokyo stock market tracked the movement stronger. Nikkei index recorded an increase of 2.1% to 10,850 thanks to the correction occur in the weaker yen sharply exacerbated by the core CPI data releases were released before the market opens. Core CPI Japan per year fell 0.2% in December. USD / JPY is at 90.35, EUR / JPY at 120.75. "Several factors appear simultaneously suppress exchange rates including the aggressive steps the central bank to stop deflation, "said manager general Chibagin Asset Management, Yoshihiro Okumura. "Although the BoJ step call disappoint the market, market players expect a more concrete plan of the central bank with an inflation target of 2%. "32/33 sector moved up byexporters and financial stocks led the gains market; Tokyo Electron +3.1% to Y4, 040, and Suzuki Motor +3.9% to Y2, 394. Fast Retailing also rose +1.5% to Y22, 890. Nomura Holdings +1.4% to Y495. Japan Tobacco +3.3% to Y2, 746 and Astellas Pharma +2.2% To Y4, 550.
Aussie Try Stay away from Low Level
Moving away from the low level today (25/01) at 1.0438, now at 1.0445 Aussie. Throughout this week, the currency has weakened 0.56%. Exchange rate was corrected after yesterday briefly touching 1.0550 level that occurred after the release of data HSBC China PMI exceeding expectations and reaching its highest in 20 months. Correction exchange re-occur due to the emergence market fears over nuclear test North Korea conducted and CPI data release earlier in the week which was disappointing. "Aussie has weakened significantly and has penetrated the 1.0490 level, "wrote Valeria Bednarik, chief analyst at Fxstreet.com. "Graph per Clock showing bearish momentum is still healthy. Selling pressure below 1.0430 is still visible and will drag the Aussie more further weakening in the target at 1.0390 level, "he added. Aussie support levels at 1.0430, 1.0390 and 1.0345, while resistance level at 1.0490 and 1.0520.
Aussie slumped in Low Level
AUD is currently in second place among the weakest currencies other major currencies. AUD / USD down 0.79% from the current levels market opened yesterday (24/01) and 0.51% lower over the past week. Gold also fell 0.84% when the market closes NY while the SP500 closed almost flat, and Apple's stock plummeted 12:35%. "Given the 4 hour chart we can conclude that the Aussie has through the trendline and the middle line toward the low level at 1.0448 last night before returning to rally a few hours before closed market, "said Greg McKenna, CEO at GlobalFX and former chief currency analyst at NAB and Westpac. Daily Chart shows the signal attenuation and the Aussie had to go back through the level above 1.0480/85 to re-affirm positift outlook, " explains the analyst. Level support AUD / USD at 1.0410 and 1.0392. While resistance levels at 1.0481 / 4, 1.0520 / 5, and 1.0560.
Germany Data Recovery Prop Euro
The euro moved higher against the U.S. dollar after German economic data indicating that the worst of the debt crisis Euro zone may have been missed. The weakening performance of the French seem to be able offset by Germany, where the private sector expanded at the fastest pace in a year. The euro also potentially reap additional support from the announcement of the payment amount loan to be refunded European banks to the European Central Bank next week. "PMI data tend to exhibit if the euro zone economy is stabilizing, "said Aroop Chatterjee, a currency analyst at Barclays Capital in New York." Despite the problems fundamental unresolved, but at least the current economic and financial conditions it looks better than last year. "
Sterling worry UK GDP
Sterling fell to its lowest level in nearly 5-month high versus the U.S. dollar ahead of the release of the data, which according to economists will showed shrinkage UK GDP in the final quarter of last year. UK GDP is expected to contract 0.1% of the 3rd quarter, when the economy grew at 0.9%. Cable also burdened by the Confederation of British Industry report showing UK retail sales growth slowed in January. "Market participants expect UK GDP figures will show weak, "said Paul Robson, a senior currency analyst at Royal Bank of Scotland Group Plc in London." Stop loss Sterling alsotriggered after failing to continue the recovery effort. "
Oil Prices Continue to Sink
Oil prices seen steadily declining Asian markets in early trade today (25/01). Investors look to take advantage post gain happened yesterday, obviously trader based in Tokyo. Oil prices are expected to move in the range of the $94 -$97/barrel by the end of the week. Release of positive economic data released yesterday showed a decrease in the number of claims U.S. unemployment and an increase in preliminary HSBC China PMI in January reflecting increased manufacturing activity in China. To prop data releases helped oil prices, obviously trader. Furthermore, investors will look at housing sales data U.S. in December to be released tonight. The data will be used as a new assessment of the health condition global economy. March Nymex crude oil futures fell 6 cents to $ 95.89/barrel, while Brent oil March contract fell 17 cents to $113.11/barrel.
Performance Kospi hold by Correction Auto Stocks
At the beginning of the last day of trading this week, the Kospi index fell 0.2% to 257.00. Index was higher when the market opened due Samsung Electronics reports strong earnings. Index correction occurred in auto stocks after yesterday (24/01) Hyundai Motor reported weak earnings results. "The market is really let down by the automotive industry sector earnings results," explained analyst Woori Investment & Securities, Park Sung-hun. Some stocks slumped on the floor of the exchange, including :
Aussie Try Stay away from Low Level
Moving away from the low level today (25/01) at 1.0438, now at 1.0445 Aussie. Throughout this week, the currency has weakened 0.56%. Exchange rate was corrected after yesterday briefly touching 1.0550 level that occurred after the release of data HSBC China PMI exceeding expectations and reaching its highest in 20 months. Correction exchange re-occur due to the emergence market fears over nuclear test North Korea conducted and CPI data release earlier in the week which was disappointing. "Aussie has weakened significantly and has penetrated the 1.0490 level, "wrote Valeria Bednarik, chief analyst at Fxstreet.com. "Graph per Clock showing bearish momentum is still healthy. Selling pressure below 1.0430 is still visible and will drag the Aussie more further weakening in the target at 1.0390 level, "he added. Aussie support levels at 1.0430, 1.0390 and 1.0345, while resistance level at 1.0490 and 1.0520.
Aussie slumped in Low Level
AUD is currently in second place among the weakest currencies other major currencies. AUD / USD down 0.79% from the current levels market opened yesterday (24/01) and 0.51% lower over the past week. Gold also fell 0.84% when the market closes NY while the SP500 closed almost flat, and Apple's stock plummeted 12:35%. "Given the 4 hour chart we can conclude that the Aussie has through the trendline and the middle line toward the low level at 1.0448 last night before returning to rally a few hours before closed market, "said Greg McKenna, CEO at GlobalFX and former chief currency analyst at NAB and Westpac. Daily Chart shows the signal attenuation and the Aussie had to go back through the level above 1.0480/85 to re-affirm positift outlook, " explains the analyst. Level support AUD / USD at 1.0410 and 1.0392. While resistance levels at 1.0481 / 4, 1.0520 / 5, and 1.0560.
Germany Data Recovery Prop Euro
The euro moved higher against the U.S. dollar after German economic data indicating that the worst of the debt crisis Euro zone may have been missed. The weakening performance of the French seem to be able offset by Germany, where the private sector expanded at the fastest pace in a year. The euro also potentially reap additional support from the announcement of the payment amount loan to be refunded European banks to the European Central Bank next week. "PMI data tend to exhibit if the euro zone economy is stabilizing, "said Aroop Chatterjee, a currency analyst at Barclays Capital in New York." Despite the problems fundamental unresolved, but at least the current economic and financial conditions it looks better than last year. "
Sterling worry UK GDP
Sterling fell to its lowest level in nearly 5-month high versus the U.S. dollar ahead of the release of the data, which according to economists will showed shrinkage UK GDP in the final quarter of last year. UK GDP is expected to contract 0.1% of the 3rd quarter, when the economy grew at 0.9%. Cable also burdened by the Confederation of British Industry report showing UK retail sales growth slowed in January. "Market participants expect UK GDP figures will show weak, "said Paul Robson, a senior currency analyst at Royal Bank of Scotland Group Plc in London." Stop loss Sterling alsotriggered after failing to continue the recovery effort. "
Oil Prices Continue to Sink
Oil prices seen steadily declining Asian markets in early trade today (25/01). Investors look to take advantage post gain happened yesterday, obviously trader based in Tokyo. Oil prices are expected to move in the range of the $94 -$97/barrel by the end of the week. Release of positive economic data released yesterday showed a decrease in the number of claims U.S. unemployment and an increase in preliminary HSBC China PMI in January reflecting increased manufacturing activity in China. To prop data releases helped oil prices, obviously trader. Furthermore, investors will look at housing sales data U.S. in December to be released tonight. The data will be used as a new assessment of the health condition global economy. March Nymex crude oil futures fell 6 cents to $ 95.89/barrel, while Brent oil March contract fell 17 cents to $113.11/barrel.
Performance Kospi hold by Correction Auto Stocks
At the beginning of the last day of trading this week, the Kospi index fell 0.2% to 257.00. Index was higher when the market opened due Samsung Electronics reports strong earnings. Index correction occurred in auto stocks after yesterday (24/01) Hyundai Motor reported weak earnings results. "The market is really let down by the automotive industry sector earnings results," explained analyst Woori Investment & Securities, Park Sung-hun. Some stocks slumped on the floor of the exchange, including :
- Samsung Electronics -0.4% to KRW1, 447.000
- Hyundai Motor -3.6% to KRW200, 500
- Kia Motors -4.5% to KRW49, 950.
Financial Stocks weaken China Shares
China Shares expected to move consolidated the attenuation bias. Shares of big banks will be corrected after a scored significantly increased. The Shanghai Composite Index dropped below 2300 after yesterday (24/01) also fell 0.8% to 2302.60. Index support level in the range of 20-day MA in 2280, explains the analyst. "The stock market profit-taking pressure. Interests buy seen reduced especially for the banking sector stocks, "said Shenyin Wanguo Securities analyst Li Xiaoxuan. Shanghai index has appreciated by around 18% since the beginning of December last year while the sub-index for financial stocks have risen more than 40% during the same period. According to Li, China's stock seems to be stuck in a consolidation phase for a while before bounce back. The Shenzhen Composite Index closed down 2.0% to 911.53.
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