5 Important News Update Upcoming to New York Session. Today forex fundamental analysis.
- Earnings: After Dow Jones touch the psychological level of 14.000, which is the all-time high on October 9, 2007. The focus of investors will be focused on a series of earnings reports throughout the week, including Dow component Walt Disney who predicted earnings decreased compared to the previous year due to falling sales video and spending enough to buy a sports broadcast rights.
- Dell Gone Private: Attention will then be focused on the privatization of the company's Dell deal for $ 24 billion. CEO Michael Dell is expected to take a majority stake in the company the world's third largest PC manufacturer, with Silver Lake and Microsoft will be a minority investor.
- Yum!: The investors will also consider recovery plan Yum! In China, when it reported earnings on Monday. KFC owner was quite shocked by the review of government-related supply chicken. Sales in the country dropped 6%, below estimates of a decrease of 4% since the beginning of this year.
- ECB Meeting: ECB monetary policy meeting on Thursday will also be the focus, followed by a press conference Mario Draghi. Market participants will pay attention to the views of the Draghi signals of economic recovery, the weakness of the European banking sector and the appreciation of the Euro currency.
- BoE Decision: The announcement of the Bank of England interest rate decision related to her will also awaited on Thursday, with an estimated no change in interest rates, the results of a poll of economists showed that the BoE should still holding on to the target inflation as the benchmark interest rate. This raises the pros cons of candidates BoE Governor, Mark Carney indicating that he would have relied on GDP rather than inflation.
Consolidated European Stocks Sharply After Strong
European stocks started the week with trading cautious especially after DJIA futures penetrate to its highest level in five years on Friday last week. Separately, the euro fell against the dollar and the pound, while the price of oil and gold commodities dwell in a narrow range on Monday. Spanish and Italian bond yields boosted up due to political uncertainty in Spain and Italy. Prime Minister of Spain, Mariano Rajoy himself has denied allegations of corruption against him and pledged transparency of financial assets and tax payments made by him and all his party leaders. But this still does not preclude shekels actions of protesters took to the streets in Madrid, Barcelona and other cities in Spain. Observed so far London's FTSE index fell -0.20% at 6,291.50, while Germany's DAX edged up 0.03% to a level of 7,833.5 and France's CAC down -0.01% traded at 3,772.0.
Dow Jones Futures Lost Direction After Reach Peak Level
Wall Street moved sideways tends to weaken in early this week as investors await attitude towards corporate earnings and U.S. factory orders data. DJIA Index futures lost direction after reaching its highest level in 5 years in the range of 14.000 last week. Observed so far DJIA index futures down -0.17% at the level thin 13.907, while the S & P 500 futs down -0.17%, at 1,504.00 and the Nasdaq futures are down -0.09% to trade at 2,753.75 level so far. Market sentiment was weighed down by corruption scandals enough Spanish Prime Minister, Mariano Rajoy over the weekend sparked the risk of political uncertainty. Prime Minister Mariano Rajoy has denied rumors that he and other party leaders have never accepted bribes as reported by the local media of Spain. PM Rajoy even challenged people to look at his personal bank accounts and other evidence.
Euro Pressured Rajoy Corruption Scandal
Among the group of the G3 currencies, the euro showed the worst performance due to negative sentiment related traders Spanish ruling party's corruption scandal that lower public support for Prime Minister Mariano Rajoy to a record low. Sentiment was bearish on the euro as concerns accelerated resignation of Prime Minister Mariano Rajoy who was forced by the opposition party, triggering new elections in Greece, as a result Spanish bond yields on the 10-year tenor soared 11 basis points to a level of 5:32% on Monday. Separately, Italian bond yields on the 10-year tenor also skyrocketed due to anxiety Monte Paschi bank scandal. Observed so far pairing EURUSD fell -0.41% at 1.3584, after reaching 1.3659 intraday highs and lows in the 1.3584 daily. Nearest support level appears at 1.3540 area (Low 31 January), while resistant in the area 1.3630 - 1.3630.
Try Mute Sterling Construction UK
Sterling looks difficult to continue the momentum of strengthening in the London session after construction data confirm the UK economy will experience a recession again. UK construction index was steady at 48.7 for the month of January; unchanged from 48.7 the previous publication. However, it is still worse than the 49.1 forecast. GBP / USD is now trading 1.57227; trying to avoid high levels of 1.57258 day.
Japan Finance Minister : Appreciation of Yen Still Be Priority
Japan's finance minister on Monday said that ending the long-term uptrend movement Yen remains a government priority, given the weakening currency recently Japanese leaders not satisfactory. "The most important task now is to overcome the Cabinet strengthening yen and persistent deflation, expand employment and incomes, and lift the Japanese economy back in shape," said Finance Minister Taro Aso in a budget speech in parliament. Yen himself has weakened about 10% against the U.S. dollar since the national elections held in December. And Aso statement indicates if the government remains determined to maintain measures that support a rise in inflation and depress the value of yen lower to rescue Japanese exporters. Taro Aso also called on the opposition parties to immediately approve a supplementary budget worth ¥ 13.1 trillion to help develop the economy of Japan.
Stuck Below Yen 93.00
The yen touched the highest seen since the beginning of April 2010, which was last seen at 92.92, still looks almost flat from its close on Friday. The yen fell slightly from a session high at 92.90, while the price of low pulij session at 92.70. "The signal still looks bullish," said analysts from FXstreet, Ivan Delgado, indicating the absence of movement potentially to 93.00, added Ivan. Sean Lee, founder FXWW, said :: rhetoric of the Japanese government seems to be easing policy when officials in Europe and Asia back to discuss their currency. " Nearest resistance for the yen was recorded at 32-month high on Friday at 92.90 points, followed by the low on July 22 at 93.05 points, and the high 7 September 2009 at 93.30 points. For the movement of the decline, the nearest support is in session low / high Friday's session at 92.70/65, followed by Asian session high at 92.27, and the low number of sessions on Friday at 91.78.
Above Translucent USDJPY 93.00 for first time since May 2010
USDJPY traded steady in positive territory since the opening of the London session, managed to surpass the psychological 93.00 level for the first time since May 2010. This increase signifies a 20% increase in dollar against the Japanese yen in just 4 months as speculative action in the option contract by short-term traders. Sentiment against the Japanese Yen since become very bearish on expectations that Japan's central bank is under pressure to ease monetary policy aggressively than other central banks. After Japan's policy makers set an inflation target of 2 percent, can not stop the BoJ monetary easing despite USDJPY soared above level 100, because inflation is still very far from the target of 2% in the near future. Most market players see the nearest target pairing USDJPY is still in the range of 95.00 which is an important resistance level in 2010. While the cross rate at the level thin EURJPY fell 126.47 so far, but still close to its highest level in 2010 in the range of 127.46.
European stocks started the week with trading cautious especially after DJIA futures penetrate to its highest level in five years on Friday last week. Separately, the euro fell against the dollar and the pound, while the price of oil and gold commodities dwell in a narrow range on Monday. Spanish and Italian bond yields boosted up due to political uncertainty in Spain and Italy. Prime Minister of Spain, Mariano Rajoy himself has denied allegations of corruption against him and pledged transparency of financial assets and tax payments made by him and all his party leaders. But this still does not preclude shekels actions of protesters took to the streets in Madrid, Barcelona and other cities in Spain. Observed so far London's FTSE index fell -0.20% at 6,291.50, while Germany's DAX edged up 0.03% to a level of 7,833.5 and France's CAC down -0.01% traded at 3,772.0.
Dow Jones Futures Lost Direction After Reach Peak Level
Wall Street moved sideways tends to weaken in early this week as investors await attitude towards corporate earnings and U.S. factory orders data. DJIA Index futures lost direction after reaching its highest level in 5 years in the range of 14.000 last week. Observed so far DJIA index futures down -0.17% at the level thin 13.907, while the S & P 500 futs down -0.17%, at 1,504.00 and the Nasdaq futures are down -0.09% to trade at 2,753.75 level so far. Market sentiment was weighed down by corruption scandals enough Spanish Prime Minister, Mariano Rajoy over the weekend sparked the risk of political uncertainty. Prime Minister Mariano Rajoy has denied rumors that he and other party leaders have never accepted bribes as reported by the local media of Spain. PM Rajoy even challenged people to look at his personal bank accounts and other evidence.
Euro Pressured Rajoy Corruption Scandal
Among the group of the G3 currencies, the euro showed the worst performance due to negative sentiment related traders Spanish ruling party's corruption scandal that lower public support for Prime Minister Mariano Rajoy to a record low. Sentiment was bearish on the euro as concerns accelerated resignation of Prime Minister Mariano Rajoy who was forced by the opposition party, triggering new elections in Greece, as a result Spanish bond yields on the 10-year tenor soared 11 basis points to a level of 5:32% on Monday. Separately, Italian bond yields on the 10-year tenor also skyrocketed due to anxiety Monte Paschi bank scandal. Observed so far pairing EURUSD fell -0.41% at 1.3584, after reaching 1.3659 intraday highs and lows in the 1.3584 daily. Nearest support level appears at 1.3540 area (Low 31 January), while resistant in the area 1.3630 - 1.3630.
Try Mute Sterling Construction UK
Sterling looks difficult to continue the momentum of strengthening in the London session after construction data confirm the UK economy will experience a recession again. UK construction index was steady at 48.7 for the month of January; unchanged from 48.7 the previous publication. However, it is still worse than the 49.1 forecast. GBP / USD is now trading 1.57227; trying to avoid high levels of 1.57258 day.
Japan Finance Minister : Appreciation of Yen Still Be Priority
Japan's finance minister on Monday said that ending the long-term uptrend movement Yen remains a government priority, given the weakening currency recently Japanese leaders not satisfactory. "The most important task now is to overcome the Cabinet strengthening yen and persistent deflation, expand employment and incomes, and lift the Japanese economy back in shape," said Finance Minister Taro Aso in a budget speech in parliament. Yen himself has weakened about 10% against the U.S. dollar since the national elections held in December. And Aso statement indicates if the government remains determined to maintain measures that support a rise in inflation and depress the value of yen lower to rescue Japanese exporters. Taro Aso also called on the opposition parties to immediately approve a supplementary budget worth ¥ 13.1 trillion to help develop the economy of Japan.
Stuck Below Yen 93.00
The yen touched the highest seen since the beginning of April 2010, which was last seen at 92.92, still looks almost flat from its close on Friday. The yen fell slightly from a session high at 92.90, while the price of low pulij session at 92.70. "The signal still looks bullish," said analysts from FXstreet, Ivan Delgado, indicating the absence of movement potentially to 93.00, added Ivan. Sean Lee, founder FXWW, said :: rhetoric of the Japanese government seems to be easing policy when officials in Europe and Asia back to discuss their currency. " Nearest resistance for the yen was recorded at 32-month high on Friday at 92.90 points, followed by the low on July 22 at 93.05 points, and the high 7 September 2009 at 93.30 points. For the movement of the decline, the nearest support is in session low / high Friday's session at 92.70/65, followed by Asian session high at 92.27, and the low number of sessions on Friday at 91.78.
Above Translucent USDJPY 93.00 for first time since May 2010
USDJPY traded steady in positive territory since the opening of the London session, managed to surpass the psychological 93.00 level for the first time since May 2010. This increase signifies a 20% increase in dollar against the Japanese yen in just 4 months as speculative action in the option contract by short-term traders. Sentiment against the Japanese Yen since become very bearish on expectations that Japan's central bank is under pressure to ease monetary policy aggressively than other central banks. After Japan's policy makers set an inflation target of 2 percent, can not stop the BoJ monetary easing despite USDJPY soared above level 100, because inflation is still very far from the target of 2% in the near future. Most market players see the nearest target pairing USDJPY is still in the range of 95.00 which is an important resistance level in 2010. While the cross rate at the level thin EURJPY fell 126.47 so far, but still close to its highest level in 2010 in the range of 127.46.
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