Monday, January 28, 2013

Still While GBPJPY weak Step Above 142.00

Still While GBPJPY weak Step Above 142.00. GBPJPY currently at 142.30, near the weekly low and low session, down 0.92% for the week so far. Unag pair fell generally related to the strengthening yen, and combined with the weakness of Sterling, even though the load is still due to the movement of the yen, the yen is in session low at 90.67, compared to a decrease Sterling themselves recorded in 1.5692, off 5 month low at the 1.5670 figure. Support nearest to move down GBPJPY was at U.S. session low at 142.18 points, followed by a low 15/21 January at 141.74/63 and the low numbers January 17 / January 23 height. To increase the resistance movement was recorded in high near 16/22 January, followed by the U.S. session high at 143.27 and weekly high yesterday at 144.00.

EURJPY Stuck At 21 Month High Short 123.00

EURJPY moving down 0.36% for the week so far, is now in session low at 121.92, off a session low in London and low weekly rate 121.61, and down from the opening session yesterday at 122.92 points. The yen also weighed down by the burden of a weakening EURJPY, where Yen was last seen in the area of ​​session low at 90.66. "EURJPY pair will return to lead the movement of world currencies in Asia and there is a strong technical resistance at 123.10/20 which will continue to be", says founder FXWW, Sean Lee, adding: "This represents a decline retracement level from 170 to 94, the same as weekly high. There is also a discussion on protection limits the number 123.00. "The pair has moved up more than 6% since the beginning of the year, and barely moved higher by 20% in mid-November in past. Support close to moving to EURJPY fell in the low area of ​​the London session at 121.61 points, followed by high Thursday at 121.31
and the January 18 high at 120.71 points. For the rising movement, nearest resistance is shown in the U.S. session / high Friday at 122.63/76 numbers, followed by a new 21-month high and the weekly high yesterday at 122.93 points, and the height 11 April 2011 at 123.32.

Aussie Return to Area Above 1.0420


Aussie is currently restoring the area for this week's opening price at 1.0421 figure, remove the 4-week low of 1.0383 on the number that occurred in early U.S. session. "Reports say that the inter-bank asset managers in particular, are ready to take action to buy at the bottom," notes founder FXWW, Sean Lee, adding: "the price is practically back in the trading range (before). Prices in general are still bearish but I will not chase prices move lower. " Resistance movement up close to the Aussie will be weekly and the high initial price today 10 423/9, followed by the high on Friday at 1.0468 and the January 18 low at 1.0483 figure. For the movement of descent, are closest support low figures Friday at 1.0402, followed by a weekly low on Monday at 1.0383 and the low numbers January 2, 2013 at the 1.0371 figure.

Yen in the range 90.85-90.55, Action Buy Lurking In 90.00/90.20


Since the series of upward movement that is triggered since January 23, which led to the top of the movement as a form in figure touched 91.20 after 90.20 resistance area, the yen continues to show consolidation movement. The yen has been reached between the trade parameter range that lies between 90.55/60 support, test at least 5 times to reach that level, while 90.85 daily resistance proved to be a failed test setelh penetration through 91.00 on Monday. Upward movement turned into a tight consolidation movement, the movement is still in the range of 30/50 pips above the 90.00/90.20 area, where the perpetrators of buying in the market is still waiting for an opportunity to join the bullish movement.

Hang Seng Negative : ICBC and Property

Hong Kong stocks opened lower Tuesday is thin as property stocks and some stocks fell after China's banking stocks overnight experience performance degradation. The Hang Seng Index fell 0.2% to 23,628.27 related continues consolidation after the index rose at the beginning of the year, and China's Hang Seng index fell 0.4% to 12,049.13. Shares of Sino Land Co. fell 1.2% and New World Development Co. slumped 1.4%. Shares of Industrial & Commercial Bank of China Ltd. slumped 2.4% related news that Goldman Sachs on Monday launched the sale of shares worth $ 1 billion.

Property & Banking domination HSI decline

Hong Kong Stock Exchange - Hang Seng (HSI) observed to move in a negative number in the trading day on Tuesday (29/01) because the shares were dragged down property developers and mainland Chinese banks fell today after slumping most of the U.S. equities overnight. The Hang Seng Index fell -0.17% recorded (-40.54 points) in the area of ​​23,630.64 due to the persistent level of consolidation after the strong performance earlier in the year. While the Shanghai Composite index - China gained 0.1% to 2,349.56 range, and adding a solid gain on Monday. Recorded Sino Land Co stocks. fell 1.2% and New World Development Co. declined 1.4%. While shares of Industrial & Commercial Bank of China Ltd.. fell 2.4% after news emerged on Monday Goldman Sachs to sell its stake in a number of banks listed in Hong Kong up to $ 1 billion for a share of ownership in Chinese banks.

Post Resume Oil Strengthening U.S. Data Release

U.S. crude oil contracts moved higher on Tuesday, slightly below the high last 4 months that occurred last week, after a promising business expenditure data reinforces the belief that the recovery in the world's biggest crude consumer is still in line with the economic recovery. U.S. crude oil contract rose 9 cents to $ 96.53 a barrel, still 40 cents lower than the high figures 4 months at $ 96.92 which occurred on January 23. Prices held up 56 cents at $ 96.44 per barrel figures in the previous session. Brent oil contract went up 2 cents to $ 113.50 figure, after the closing session by moving up 20 cents at $ 113.48 per barrel figure.

Kospi Rally, thanks to maneuver Samsung Electronics

Kospi Index - South Korea finally rose today (Tuesday, 29/01) after yesterday's massive selloff occurs by foreign investors who made major bourses plummeted. Index rallied today mainly due to investor focus has now shifted from the currency to economic fundamentals and corporate earnings reports. Technology giant Samsung Electronics recorded a gain of 1.2 percent in early trade, after a four-session winning streak decline and loss of 15.9 trillion Korean won Monday's market capitalization. Today, the index rose 0.70% recorded moving at area level or earn points at 1953.32 +13.61, while the Kospi futures also rallied as much as 0.62% or 1.60 points at 257.85 range.

Gold Close to 2-1/2 week low Fades As charm

Gold prices moved up on Tuesday but fell back later, not far from the low ver the past 2-1/2 weeks that occurred in the previous session when the U.S. economic data that promises to stimulate optimism for economic recovery, bringing investors to avoid assets safe- havens such as gold. Spot gold moved up 0.2% to $ 1,656.91 an ounce, after the fourth session in a row down. Price dropped to $ 1.651.93 on Monday, the lowest since Jan. 9.

U.S. gold futures also moved up 0.2% to $ 1,656.20.


Fitch rating Agency reconsider the possibility of a U.S. debt rating cut today in the position of AAA, saying the country's debt limit has cut short-term risk of erosion, but warned that the danger of impending cuts U.S. rating has yet to be completed.

Still Stunted, Nikkei Raised KDDI


Rally Nikkei - Japan's return appears stalled in trading Tuesday (29/01) due to the Yen has strengthened today when compared to yesterday session. However, the Nikkei is still moving in a positive number because lifted by KDDI Corp. shares jumped by about 4 percent after the company yesterday reported that its quarterly net profit almost doubled thanks to the surge in smartphone sales. The Nikkei edged up now recorded in the range of 0.77% 10908.21, up +83.90 points, helped achieve and Nikkei futures gain 95 points at the 10,910 area.

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