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| New Trend for EURO/USD |
Euro Rally After correction maneuver. The single currency Euro bullish maneuvered from the ground today and rebound to the high range of 1.3535 after data on the services sector (service PMI) from Germany and the euro zone rose above expectations. But the fall of the Euro today mainly due to back airings of political uncertainty in Spain and Italy that could potentially hamper efforts to prevent the region's debt crisis. The opposition party in Spain last Sunday preach urged Prime Minister Mariano Rajoy to resign corruption scandal. But Rajoy denies encouraging Spanish bond yields on the 10-year bond rose to a high level in six weeks.
While in Italy, the government bond yield of the 10-year-old also reached its highest level since last December due to the possibility of former Prime Minister Silvio Berlusconi's chances to return to power. So it raised more concerns about the ability of Roma in tackling fiscal problems. Consequently, due to the two yield the rally, the euro fell to fell about 250 points to 1.3457 from 1.3711 level the highest point reached last Friday (1/2).
Try Restore Service Sector Spain Euro
Try reducing the weakening euro after Spain service sector data provide hope for improved economic conditions most 4 in the euro zone. Spanish service sector index rose to 47.0 for the month of January; better than predicted 44.7 and 44.3 the previous publication. EUR / USD is now trading 1.35113, away from the daily low of 1.34573. "The data suggests that the Spanish economy has experienced the worst conditions," said Andrew Harker, economist at Markit, the agency that released the data. "However, it takes more development of positive data to provide cues to start the economic recovery in Spain." Data last week showed Spanish manufacturing index also improved in January. However, Spain's economy is still mired in recession and the unemployment rate also increased to 26%.
Italian Service Sector Activity Weakens
Protracted economic recession seems to successfully weaken the activity of the service sector in Italy. Italian service sector index fell to 43.9 for the month of January; worse than predicted 45.9 and 45.6 the previous publication. Euro looks are less affected by poor Italian publication data. EUR / USD is now diperdagangkan1.35205, near the daily high level of 1.35286. The business world may be cautious ahead of Italian parliamentary elections which will take place at the end of February to decide the fate of Italy in addressing the euro-zone debt crisis. The pro-European and anti-European community continues to rally support ahead of the elections. There are fears of an economic recession Italy could deteriorate further if the government fails to dampen fears of Italy into the euro-zone debt crisis.
Performance of Inhibitory rate Dollar Oil
Crude futures for March delivery fell to as low as $ 96.00 per barrel while extending an overnight decline on the NYMEX at $ 1.60. The decline today caused more by the strengthening of the dollar, which was triggered by bad news from Europe. Exchange rate euro weakened after it emerged a political scandal in Spain. Of the fundamental line, it was rumored opening of negotiations between Iran's nuclear program and the United States. The potential birth of a new agreement to reduce the pressure on world oil demand outlook. The dollar index rose consistently from 79 547 today (Monday) to 79 692. Exchange stronger dollar tends to weaken commodity prices. Investors put off buying dollar-based commodities asset until it drops over the weakening exchange rate. Oil has gained since its low in early December, that is, from the level of $ 86.
Hang Seng Still Stuck in the Red Zone
Lasted until well into the second session, the Hang Seng index was still stuck in the negative range at the beginning of the first session after the fall along with a gap due to the massive selloff triggered by the collapse of a major European bourses and American. Market correction stems from the emergence of concerns over Europe's problems are hurting investor sentiment Simultaneously with weak Spanish employment data as well as investor sentiment index euro zone also weighed index. In addition, the drop in the Hang Seng today because dragged down by weakness on Wall Street related to a data poor U.S. factory orders and durable goods that appear to weaken below expectations. So the accumulation of negative sentiment sparked a sell-off as well as profit-taking after a strong rally in the Hang Seng lately.
Entering the second session, the Hang Seng index will still be in negative territory after the jump along with the gap so that all technical indicators are now conditioned duration 1 hour bearish. At least Stochastic indicator, MACD and the Moving Average apparent downtrend that will continue to lead the index to support up to 23,200 or even 23,100. While strengthening that still seems impossible today, at least a chance to rally to resistance 23 370 to 23 440.
Profit-taking Ahead of Lunar More Immerse HSI
The exploding massive selloff in the stock trading Hang Seng (HSI) in the second session on Tuesday (5/2) following a high negative sentiment following the re-airings of political uncertainty in Spain and Italy. The sharp correction as well as an opportunity for investors to take advantage (take profit) ahead of Lunar New Year celebrations at the weekend. So that the market players to sell after the index rallied to get into the overbought zone. Until this news was aired, HSI index futures have dropped to -526 points at the area level of 23 112 after being pierced through the low point of 23,086. The poor U.S. economic data helped to contribute attenuation index. So the accumulation of negative sentiment sparked a sell-off as well as profit-taking after a strong rally in the Hang Seng lately.
While in Italy, the government bond yield of the 10-year-old also reached its highest level since last December due to the possibility of former Prime Minister Silvio Berlusconi's chances to return to power. So it raised more concerns about the ability of Roma in tackling fiscal problems. Consequently, due to the two yield the rally, the euro fell to fell about 250 points to 1.3457 from 1.3711 level the highest point reached last Friday (1/2).
Try Restore Service Sector Spain Euro
Try reducing the weakening euro after Spain service sector data provide hope for improved economic conditions most 4 in the euro zone. Spanish service sector index rose to 47.0 for the month of January; better than predicted 44.7 and 44.3 the previous publication. EUR / USD is now trading 1.35113, away from the daily low of 1.34573. "The data suggests that the Spanish economy has experienced the worst conditions," said Andrew Harker, economist at Markit, the agency that released the data. "However, it takes more development of positive data to provide cues to start the economic recovery in Spain." Data last week showed Spanish manufacturing index also improved in January. However, Spain's economy is still mired in recession and the unemployment rate also increased to 26%.
Italian Service Sector Activity Weakens
Protracted economic recession seems to successfully weaken the activity of the service sector in Italy. Italian service sector index fell to 43.9 for the month of January; worse than predicted 45.9 and 45.6 the previous publication. Euro looks are less affected by poor Italian publication data. EUR / USD is now diperdagangkan1.35205, near the daily high level of 1.35286. The business world may be cautious ahead of Italian parliamentary elections which will take place at the end of February to decide the fate of Italy in addressing the euro-zone debt crisis. The pro-European and anti-European community continues to rally support ahead of the elections. There are fears of an economic recession Italy could deteriorate further if the government fails to dampen fears of Italy into the euro-zone debt crisis.
Performance of Inhibitory rate Dollar Oil
Crude futures for March delivery fell to as low as $ 96.00 per barrel while extending an overnight decline on the NYMEX at $ 1.60. The decline today caused more by the strengthening of the dollar, which was triggered by bad news from Europe. Exchange rate euro weakened after it emerged a political scandal in Spain. Of the fundamental line, it was rumored opening of negotiations between Iran's nuclear program and the United States. The potential birth of a new agreement to reduce the pressure on world oil demand outlook. The dollar index rose consistently from 79 547 today (Monday) to 79 692. Exchange stronger dollar tends to weaken commodity prices. Investors put off buying dollar-based commodities asset until it drops over the weakening exchange rate. Oil has gained since its low in early December, that is, from the level of $ 86.
Hang Seng Still Stuck in the Red Zone
Lasted until well into the second session, the Hang Seng index was still stuck in the negative range at the beginning of the first session after the fall along with a gap due to the massive selloff triggered by the collapse of a major European bourses and American. Market correction stems from the emergence of concerns over Europe's problems are hurting investor sentiment Simultaneously with weak Spanish employment data as well as investor sentiment index euro zone also weighed index. In addition, the drop in the Hang Seng today because dragged down by weakness on Wall Street related to a data poor U.S. factory orders and durable goods that appear to weaken below expectations. So the accumulation of negative sentiment sparked a sell-off as well as profit-taking after a strong rally in the Hang Seng lately.
Entering the second session, the Hang Seng index will still be in negative territory after the jump along with the gap so that all technical indicators are now conditioned duration 1 hour bearish. At least Stochastic indicator, MACD and the Moving Average apparent downtrend that will continue to lead the index to support up to 23,200 or even 23,100. While strengthening that still seems impossible today, at least a chance to rally to resistance 23 370 to 23 440.
Profit-taking Ahead of Lunar More Immerse HSI
The exploding massive selloff in the stock trading Hang Seng (HSI) in the second session on Tuesday (5/2) following a high negative sentiment following the re-airings of political uncertainty in Spain and Italy. The sharp correction as well as an opportunity for investors to take advantage (take profit) ahead of Lunar New Year celebrations at the weekend. So that the market players to sell after the index rallied to get into the overbought zone. Until this news was aired, HSI index futures have dropped to -526 points at the area level of 23 112 after being pierced through the low point of 23,086. The poor U.S. economic data helped to contribute attenuation index. So the accumulation of negative sentiment sparked a sell-off as well as profit-taking after a strong rally in the Hang Seng lately.
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