Monday, January 21, 2013

Surviving Aussie Above 1.0500 - Forex Trading Fundamental Analysis Today

Surviving Aussie Above 1.0500. Since yesterday (21/01) AUD / USD was little changed as the Asia-Pacific Open. Aussie at 1.0517 and moved only about 34 points below its daily low. The U.S. markets closed for a holiday with the rest of the market's attention focused on BoJ meeting held today. No major economic data in the morning session. Anticipated economic data market is the next RBA meeting, whether the central bank will cut interest rates or not. Valeria Bednarik, chief analyst at Fxstreet.com, said the short-term AUD / USD moving neutral by moving the indicator with the indicator neutral move in the range of 20 high school, "explains the analyst. "Bigger picture remains bearish indications mentioned SMA 20 in the 4 hours chart shows the support level 1.0490 and 1.0430," said Valeria. Support levels at 1.0490, 1.0450 and 1.0430, while resistance levels at 1.0550 and 1.0580.

Post-Release Nikkei appreciated BoJ Meeting Results

After the release of the results of the two-day BoJ ended today (22/01), the Nikkei rose 0.8% to 10,645. BoJ will formally adopt inflation target of 2% and announced a plan of easing them JGB purchases worth about Y2 trillion in 2014. "This is consistent with the expectations of the market since mid-November, clearly adviser CEO / CIO of Rogers Investment, Ed Rogers." It gives an opportunity for the dollar-yen to move above the 100 level in six months and provide returns for Nikkei worth 25-35% . "In this sector, the market is not necessarily positive with 16 of 33 subindexes moving up while the Topix moving flat. stocks benefited the most from the BoJ announcement is a real estate developer stocks with Sumitomo Realty & Development +2.1% to Y2, 705 and Mitsui Fudosan +1.5% to Y2, 010. general trader Mitsubishi Corp. was also up 1.0% to Y1, 845.

BoJ Decide To Adopt 2% Inflation Target

Bank of Japan or BoJ has finally decided to set an inflation target of 2% and a loosening of monetary policy following the campaign of Prime Minister Shinzo Abe urged BoJ to take action to tackle deflation. "The Bank of Japan has set a target of price stability in the rate of 2% a year based period-related changes in the consumer price index," the BoJ and the Japanese government said in a joint statement, announced a resolution to end the decline in the price index. BoJ also decided to press for policy easing measures, promised to continue to make purchases of financial assets as long as necessary, without mentioning the time limit.

Opens Strong, Kospi fell

Kospi movement this morning (22/01) observed almost flat. Index moved in the range of 264.25 after opening slightly higher. Current index moved in a narrow range. Markets weighed down sales program as well as selling by foreign investors worth KRW38.5, explains the analyst. "Investors are very concerned about the results of the two-day BoJ which was scheduled to end today, obviously Korea Investment & Securities analyst Kim Chul-jung. Defensive stocks such as telecom stocks show databases must address satisfying slick, the opposite occurs in exporter shares were still depressed due to expectations of BoJ easing measures that would weaken the yen. weaker yen can depress stock Korean exporters because they compete with Japanese companies competitors amid a strengthening won. SK Telecom +1.5% to KRW171, 500 while Hyundai Motor is still in the range of KRW210, 500.

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