Economic Outlook Repair Proped Euro

Economic Outlook Repair Proped Euro. The euro touched a 14-month low versus the U.S. dollar over the euro zone's improving outlook and expectations that the Federal Reserve will maintain ultra-loose policy. Positive German economic data and some sign of recovery in the European banking sector will also increase the expectations of solving the crisis in the region. The euro has the potential to continue to rally if the Fed, at the end of the two day meeting tomorrow, signaling quantitative easing will not end this year.

"Despite last month's meeting minutes showed policy makers disagree about how the continuation of QE, the majority of traders still believe if QE will not be completed by 2013," said Matthew Lifson, senior analyst and trader at Cambridge Mercantile Group in Princeton, New Jersey. "If it happens, and the Fed's statement this week goes in this direction, then the selling pressure on the U.S. dollar will obviously increase."

Bernanke Looks to Buy Assets sum of $ 1.14 Trillion In 2014

The latest round of bond purchases by the Federal Reserve chairman Ben S. Bernanke will reach $ 1.14 trillion before he ended the program in the first quarter of 2014, according to estimates of economists surveyed by Bloomberg. Bernanke will stimulate the economy by purchasing mortgage bonds amounting to $ 40 billion / month, and Treasuries amounted to $ 45 billion / month, according to a survey of 44 economists, even some Fed officials warned that the unprecedented expansion of trade balance would reduce efforts to tighten policy when needed. "To get to the point where Bernanke will feel comfortable, you have to have a series of good, solid economic reports, but it's not what you'll get" this year, said Eric Green, head of research at TD Securities Inc.. in New York and former New York Fed Economic

Aussie Performance Data Boost Confidence

Aussie has appreciated versus 14 of its 16 major counterparts after the data showed business confidence in Australia rebounded in December. Based on the results of a survey of more than 500 companies that conducted the National Australia Bank Ltd., The business confidence index rose to third from the previous -9, rising sentiment strongest since October 2001. Business conditions index, which is the benchmark recruitment, sales and profits, also improved to -4 from the previous -6.

"Much of the change in sentiment is likely a result of improvements in the financial and stock markets," said NAB chief economist Alan Oster. "But whether this optimism is relatively resilient to early this year? It remains to be seen more."

Euro Surprised By Issue ECB's Weidmann

Euro Surprised By Issue ECB's Weidmann. The euro slumped as the circulation of rumors that the ECB's Weidmann will resign from his post as governor of the central bank of Germany. However, the euro is seen trying to reduce the attenuation after the Bundesbank denied the issue. EUR / USD is now trading 1.3291, after touching a daily low of 1.3266.

'New round Bullish Gold in 2013'

So many assumptions overshadow the price movement of gold in 2013. Although only rose by 7% last year, most of the investment firms and analysts still believe that precious metals are able to record a new high in the next few months. No exception Danske Bank and Credit Suisse, which is known as the two most eminent institutions in the affairs of fortune-telling in gold prices. Most of the gold and precious metals analysts surveyed by Bloomberg still has a bullish projections on the movement of gold this year. The results of a survey of 26 analysts produced a median forecast that prices hit a record $ 1,997.50 capable per ounce at the end of December. Monexnews summarizes projected gold price in 2013 of several financial firms world-renowned analysts.

1. Danske Bank - Copenhagen, Denmark

Christin Tuxen, analyst predicts successful companies in gold prices over the past eight consecutive quarters, the estimated range of the average level in 2013 at $ 1.720 per ounce. Then gold will weaken to around $ 1.600 in 2014.

2. Credit Suisse - London, England

Tom Kendall predict gold price ranges at $ 1.740 and $ 1.720 in 2013 and 2014. While analyst Jochen Hitzfeld, based in Munich, Germany set the level of $ 1.700 and $ 1.800 per ounce as a realistic target. It should be noted that the price of gold has increased more than six-fold since the bullish period starting in 2001. "Gold still has an important role as a means of portfolio diversification," Kendall said in its forecast. He added that the only investor speculators will reduce holdings this year, while long-term investors will not abandon the gold assets.

The main reason behind the predictions of analysts and Credit Suisse Danske referring to the central bank buying interest, which requires precious metal as a hedge against the risk of media inflation and currency devaluation. While the price forecast for 2014 lowered due to improved economic growth and threats so that risk is reduced when it was investment interest in safe-haven assets begin to recede. The financial institution UniCredit mention climate of low interest rates will keep gold's appeal.

3. Morgan Stanley - United States

This financial services company cut its prices for 2013 of $ 2.175 (estimated May 2012) to $ 1.853. Morgan Stanley no longer so bullish in setting price targets for considering the economic conditions in some countries.

4. JPMorgan Chase - United States

JPMorgan Chase & Co. to end on 'hold' for gold on the 4th of January, as he advised investors to back hunt for gold when the price fell to $ 1.550.

5. Goldman Sachs - United States

Goldman did not say how the average level of the price movements this year but the price can be optimistic again reached its peak. Meanwhile, for 2014, is estimated to be $ 1.750 level, equivalent to an increase penetrated approximately 3.9% of the current price range.

Euro worry about Global Growth

Euro worry about Global Growth. Euro knocked off 11-month highs versus the U.S. dollar after data showed Italian industrial orders declined and rising bad loans in Spain, which supports the expectation that the economy will be difficult to expand the area in 2013. Concerns about global growth also helped weigh on the euro after China, the second biggest economy in the world, showed moderate economic growth in 2012.

Yen 'Nervous' Ahead of BoJ Meeting

The yen continues to trade around its weakest level versus the 31-month U.S. dollar as investors try to anticipate the aggressive steps that might be taken the Bank of Japan earlier this week. Analysts believe that if the depreciation of the yen would go back to continue if the BoJ's decision to prevent deflation could exceed market expectations. A source close to the BoJ said that if the central bank is considering asset purchases to boost inflation close to 2%. "Many have tried to anticipate the outcome of the BoJ later. BoJ decision to launch unrestricted asset purchases will be catapulted dollar / yen and euro / yen," said Peter Kinsella, currency analyst at Commerzbank.

Poor Retail Sales, Sterling slumped

Pound slumped to the lowest level against the greenback 8-week retail turnover after data weaker than expected added to worries about the British economy being depressed. Retail sales in December fell 0.1% in December, which dispelled predictions of a 0.2% rise economists. Sterling sentiment was also hit by uncertainty over the relations between the UK and the European Union, which is Britain's biggest trading partner. Lee Hardman, currency analyst at Bank of Tokyo with Mitsubishi. "Grim to the future of British membership in the European Union also helped erode short-term sentiment Sterling. Bias so that the British currency is still weak."

Euro Welcomes IMF Decision

Euro Welcomes IMF Decision. FOREX ANALYSIS TODAY :

• USDCHF: Beware of Bullish Signal In Testing 0.9358
• GBP / JPY: Still Bearish Bias, Test 141.90
• GBP / USD: Moved By Downtrend, Test Support At 1.5974
• Euro Weakens, Towards a Level Key at 1.3200
• EURJPY: Bullish Signals From GMMA, Beware Area 117.62 - 120.19

The euro rose after the IMF approved the disbursement next bailout for Greece and Portugal. IMF bailout fund will channel € 3.3 billion after delaying disbursement during the year. Director of the IMF, Christine Lagarde, said Greece's bailout program is now on the right track although much remains to be done to ensure that policy reforms to boost productivity. EUR / USD is now trading 1.3340, moving away from a daily low of 1.3269. The IMF also approved a disbursement of € 838.8 million for Portugal as he praised the efforts of Lisbon in carrying out economic reforms and reduce the ratio of the budget deficit. The IMF is quite satisfied with the report card comes from Portugal despite the challenges of weak economic growth in the euro zone and the reluctance of politicians to support reforms.

IMF Approves Aid For Portugal Worth 838.8 Million Euros

International Monetary Fund or IMF had agreed to give further aid worth 838.8 million euros for Portugal in addition to state aid worth 78 billion euros of aid. The lender of the country, including the IMF, EU and ECB, agreed in September to members additional time to meet the Lisbon targets under a grant after the move have an impact on tax revenues that had been prepared for the ride.

Look forward to the results of the ECB, Euro Near 1.3050

Look forward to the results of the ECB, Euro Near 1.3050. FOREX FUNDAMENTAL ANALYSIS TODAY

• USDCHF: Bearish Signal Observed Lightweight, Watch range 0.9234 - 0.9074
• USD / CHF: Trend Down, Current range at 0.9232 - 0.9252
• EUR / USD: Bullish Trend Current, Resistance range at 1.3062 - 1.3091
• USDCHF: Movement Still Samar, Watch range 0.9200 - 0.9272
• 1.3000 and MA200 Support Important Euro

The euro is still in choppy movement with a negative bias as traders await the results of the ECB meeting and press conference in the European session. "For a while, the hourly chart shows price still stuck below the 20 SMA and the 23.6% retracement for the latest daily fall, both near 1.3070 and the resistance level is nearby, while some indicators are still in the neutral zone," explained Valeria Bednarik. Bednarik was again continued: "Although lack support for continuing fall in the near future, as long as the price remained below 1.3110, rettacement 38.2% for the same rally". Currently, the euro held near daily range at 1.3050, 10 pips near yesterday's close. Currently Euro stands at 1.3048, with bearish signals are monitored daily movements will still haunt the single currency.


KOSPI Opens Stronger Thin; Rally KEPCO

South Korean shares opened slightly higher Thursday, following the strengthening of the U.S. stock market while strengthening vigilance will still be limited by market-related earnings reporting season. Shares of Korea Electric Power Corp. (KEPCO) moved up more than 3% after the government there said it would raise electricity rates by 4% on average, starting next week to help the company cover the loss. Korea composite stock price index (KOSPI) rose 0.24% to 1,996.54.

Nikkei Gains At Sector Exporters Positive

Japan's Nikkei stock index drove back Thursday as weaker yen carry sector exporters rose as the weakening yen, which has rallied in the past two months related to expectations that the central bank will ease monetary policy on a large scale. Nikkei moved up 0.7% to 10,652.84 in the trade that took place, bringing the index to the overbought area. RSI index survive at 75.8, above the area 70 where the index is in overbought area and often indicates that the market may experience a correction in the short term. Shares of exporters, which has been hit by a strong yen and competition from South Korean companies, which is taken by the depreciation of the Yen in 2 months.


Ahead of ECB Meeting, gold corrected

Gold prices moved down on Thursday, pressured by technical resistance level of significance, as investors await interest rate decisions by the European Central Bank rate decision relevant today. Spot gold moved down by 0.1% to $ 1,655.50 an ounce, below the level of resistance in the number MA-200 Days in the $ 1,661.05.

U.S. gold futures barely any movement in the $ 1,655.40.

Investors are watching the meeting of the European Central Bank today. The central bank is expected to hold interest rates, but economists still have a chance differences will cut interest rates in recent months as the poor economic outlook.


Aussie hampered Negative Economic Data

Ahead of China data due to be released tomorrow (11/01), the Australian currency exchange rate movements have remained in the range of 1.0500 in early trade Asian markets. Aussie could penetrate 1.0530 level yesterday evening. Building approvals data released this morning, rising only 2.9% for the month of November compared with analysts' expectations increase of 4.0%. Data are not capable of appreciating Aussie. Valeria Bednarik, chief analyst at FXstreet.com, noting though the exchange rate moves one hour indicator is neutral in the currency is likely to continue the bullish pressure. Target strengthening Aussie at 1.0525 with support at the 1.0490 level. Bearish signal can be used as an opportunity to make a purchase.

Japanese Try To Hold Performance Of Euro

Post a Comment Stable Euro Japanese Finance Minister. The euro rose against the dollar after Japanese Finance Minister Taro Aso, said that the government would use foreign exchange reserves to buy debt securities issued by the ESM facility. Japan's Finance Ministry is preparing a purchase ESM on tenor 3 months on Tuesday. Japanese interest on bonds ESM is not new, since previous finance minister, Koriki Jojima also said the same thing last year, but the market reaction to the comments Mr. Aso indicated that investors pay more attention to policy decision makers today.

Observed so far stable pairing EURUSD at 1.3116, after a climb to the highest point at 1.3139 and intraday lows at 1.3104 daily. Technically, intraday bias remains neutral with a tendency for prices corrected down after a short rally, but still required penetration consistently below 1.3095 support to trigger further bearish pressure testing the next support area in the range of 1.3060. On the upside, only a penetration above 1.3150 area could only change the intraday bias to bullish targeting 1.3200 area.

Spanish Bond Issuance Will Add A total of 22 billion euros

Spain will increase post-maturity bonds as 22.2 billion euros (29 billion dollars) in 2013 to finance the country with the largest budget deficit in the euro zone's second. Total bond issuance will rise to 59 billion euros, compared with a target of 36.8 billion euros in 2012, said Inigo Fernandez de Mesa in Madrid today. Total gross issuance of bonds will reach 215 billion euros to 230 billion euros and 23 billion euros, including financing for Spanish state, he said.

U.S. Stock Index Futures Loyo Alcoa Ahead of Earnings Reports

U.S. stock market futures traded flat to be weakening on Tuesday as investors wait-and-see attitude ahead of Alcoa earnings report, which will mark the fourth quarter earnings reporting season. Observed so far DJIA index futures edged higher 0.01% at the level of 13.307, while the S & P 500 futs down -0.03%, at 1,455.00 and the Nasdaq futures are down -0.02% to trade at 2,717.50 level so far.

Investors will also be waiting for reports small business optimism index for December. Previous reports in the month of November was the smallest since March 2010. The Fed also will report the data consumer credit for the month of November, prior credit grew 6.2% driven by growth in student loans and loans for motor vehicles. Speech Richmond Fed President Jeffrey Lacker related economic outlook will also be a focus, before the reported rate of profit producer Alcoa closing session on Wall Street later that evening.

Gold Hold Up Ahead of ECB Meeting

Gold continue strengthening on Tuesday as the strengthening of Euro-related expectations that the ECB did not cut interest rates this week, and is also supported by physical gold demand is quite solid in Asia. Economists predict the ECB did not change its benchmark interest rate in the monetary policy meeting on Thursday, so prop up the single currency, while the U.S. dollar index weakened.

Separately, the physical gold market in Asia showed strong demand after the fall of the price of Gold has fallen sharply in the previous week to a range of $ 1.626 per troy ounce. Demand is also pretty solid anticipate Lunar New Year in China. Trading volume on the Shanghai Gold Exchange soared to record high levels to 19,504.8 kilograms, observed so far Gold spot price rose 0.27% at $ 1,651.14, after reaching its highest point at $ 1,657.28 and an intraday low of $ 1,647.03 daily.

Australia Trade Deficit Press AUDUSD

Australia's trade deficit was reported missed estimates as compared to the estimated 2637 billion USD -2.3 billion USD, while the worst level recorded in the last 5 years, due to a combination of weak commodity prices, a higher exchange rate and an increase in imports contributed to the overall deficit trade for 11 consecutive months.

Exports rose 1%, while imports increased by 2%. Analysts commented that the trade balance figures there is still hope to improve this year but remain in deficit territory. Aussie fell sharply as a result of this data, depressed below level 1.0500. Technically, pairing AUDUSD still stuck in trading range 1.0550 - 1.0450 in recent days, but the level of support is likely to be penetrated due to the trade deficit and the RBA rate expectations are likely to be lowered to weaken the exchange rate impact on the Trade Balance as rate decreased demand for commodities drastically.

Sterling overload Weak Economic Outlook

Sterling weakened in the London session, weighed down by a gloomy outlook for the UK economy. British Retailers Consortium data show retail sales growth slowed in late 2012. It must be quite worrying because the end of a golden period for retailers and can make investors worried about the weak recovery of the UK economy. Retail sales only please register a rise of 0.3% in December; less than the previous publications which increased 0.4%. GBP / USD is now trading 1.6100, not far from the level 1.6076 daily low"The focus now is how the sterling early indicators for the first quarter 2013," said Adam Cole, head of strategic RBC Capital Markets, who estimates that sterling will move sideways in the range of 1.60 - 1.63. Investors will certainly be looking forward to the UK trade balance data will be released tomorrow and BoE meeting on Thursday to seek further instructions will Britain's economic recovery momentum.

Euro Debt Rating worry about France

Euro Debt Rating worry about France. The euro turned lower versus the U.S. dollar as market participants adjust positions ahead of the meeting of the European Cental Bank Thursday tomorrow. Each signal rate cuts in the future of the ECB policy makers will potentially push euro lower. The euro was also weighed down by rumors that French debt if the rating will be lowered in the near future. However, the movement of the euro may still be limited ahead of ECB meeting and Spanish and Italian bond auctions later this week.

Moving Oil Flat Ahead of U.S. oil stocks data

Oil ended almost flat as traders refrained ahead of weekly data on domestic oil stocks. Last week data showed a decrease in the stock of 11.1 million barrels of oil, and analysts expect that the decline in year-end inventory occurs to minimize taxes. However, traders worried the oil stocks rebounded sharply on Wednesday on the release of data that can be playing the market, especially with crude oil approaching four-month highs. "Because a large drop in the past week, causing confusion," said Matt Smith at Summit Energy .

U.S. Stocks Decline Before Earnings Data Releases

U.S. stocks ended lower for a second session on Tuesday, dragged by telecom stocks, as investors are still waiting for data that fourth-quarter earnings is expected to weaken. Most sectors of the S & P ended in negative territory, dragged by shares of telecom experience a major decline, while shares of the health sector also lost profits. "We'll get some improvement on perceptions of growth, we just need a bit of confidence," said Bob Doll, chief equity at Nuveen Asset Management.

CBO: U.S. Budget Deficit In December For $ 1 billion

Congressional Budget Office on Tuesday, the U.S. government estimates a deficit of $ 1 billion in December, bringing the total deficiency for the first quarter of fiscal year 2013 approximately $ 293 billion. December deficit of $ 85 billion, less than the same month in 2011. Revenue in the month of December 2012 approximately $ 30 billion, is more than in 2011, and to lower spending $ 55 billion. Treasury Department will report the amount of the monthly budget is officially on Friday. U.S. fiscal year runs from October to September.

U.S. Dollar Win Post-NFP

U.S. Dollar Berjaya Post-NFP.  The U.S. dollar managed to score the biggest weekly gain in more than three-month high against the yen after data showed the U.S. economy created more jobs than expected last month. 171,000 new jobs created in the U.S. during the month of October, which far exceeded expectations of 125,000 jobs growth. However, the U.S. unemployment rate still recorded a slight increase to 7.9%, according to predictions.

"Dollar Rally makes sense because the world's largest economy showed signs of recovery faster than other parts of the world," said .  Andrew Wilkinson, chief economic analyst at Miller Tabak & Co.. in New York. Yen continued to be in that pressure after some recent data and Japanese corporate earnings showed weakness. Moreover quarter economic output data 3rd the plan will be released on November 11 is also expected to contract.

Manufacturing Sector Contraction overload Euro

 The euro fell to a 3-week lows versus the U.S. dollar on Friday after data showed the U.S. economy created more jobs last month. The euro was also weighed down by data confirming the occurrence of a contraction in the manufacturing sector. Eurozone manufacturing index slipped to 45.4 in October from 46.1 in the previous month, according to Markit Economics in London. The downward break the recovery of the manufacturing sector are shown in the previous 2 months.

The euro is still burdened by a Greek court on Thursday, stating that the pension reform required by international creditors may be unconstitutional. Thereby triggering anxiety about applying step austerity measures needed to secure reimbursement Athens next bailout.


Failed to Save the Sterling Construction Data

 Pound sharply lower against the greenback on Friday after U.S. jobs data boosted the outlook for the world's biggest economy. But Sterling is still able to continue dominance against the Euro, helped by the UK construction data were better than expected. UK construction PMI expanded again in October with a rise to 50.9, although the company remains cautious on future growth. Some recent UK economic data has supported the positive optimism over economic recovery.

To further focus of investors will be drawn to the data of the dominant services sector PMI on Monday. Market participants will also be looking forward to the BoE rate decision on Thursday, which policy makers will also decide whether to add to its asset purchase program worth £ 375 billion, or not.

Yen Potentially Touch 81.00 - Fundamental Forex News os Today

Yen Potentially Touch 81.00. The yen may be moving up in the short term to 81.00, said Osamu Takashima, a currency strategist at Citibank Japan in a note. 'Global stock markets, including Europe, the U.S. and China, moving up ", he said. "Commodities, including crude oil, it still shows a downfall signal". "While the big investment funds will probably do some profit-taking from a sell near the high Yen is currently at 80.83 and the high in June at 80.63, where the demand has moved to sell," he said again. The yen is currently at 80.26.
Yen Stuck Below 80.20

In less than 1 hour ahead of the BoJ and data monetary Japan, S & P 500 closed with a gain as much as 1.09% on Thursday and the Nikkei index closed slightly below 8950, rising by 0.27%, the yen is 80.17, little changed from 8 hours. "Hourly graphs show some indicators rebound from the middle price, and prices held above MA movement that supports the movement up", said Valeria Bednarik, Chief Analyst at FXstreet.com, who later said: "although upward movement still relies on U.S. jobs data: where an existing report may provide reinforcement for the recovery Yen, with 79.20/40 area under observation ". Range of support will be recorded in 80.10, 79.70 and 79.40. While the range of 80.30 resistance will be recorded, 80.60 and 81.00.


Print 1 Month High; Aussie Translucent Above 1:04

With the release of PPI figures for the third quarter and the focus turned to the RBA's decision next week, the Aussie moves up to number 1.0412 against the USD, after the end of the trading session and one week high at 1.0419 recorded. "Strong bullish signal for the short term is still seen in the hourly chart, current price as suppress the resistance level 1.0410 and the range of height: the strengthening of stability will be seen as the price approached 1.0500 in the coming sessions", said Valeria Bednarik, Chief Analyst at FXstreet . com, adding: "If risk appetite remains strong and the U.S. data does not disappoint".


For the longer term, "the movement per 4 hour chart, a bullish signal light is still there, although technical readings are still in neutral zone", said Bednarik and explained: "fall below 1.0360 will reject any further strengthening opportunities and demonstrate the range near 1.0300 ". Analysts noted the range support at 1.0380, 1.0350 and 1.0330. With a range of resistance at 1.0410, 1.0445 and 1.0480.

Euro Shows Weakening Below 1.2950

The weak performance of the euro yesterday, the last flat yesterday for this week at 1.2945, occurs ahead of important data today in the form of NFP. Euro moves down 10 pips from the opening of the Asian session yesterday, the weakest time, a little recovered from the low in the New York session at 1.2928 figure, while the daily high stands at 1.2980. "With the expectation of movement in the current session, the range of 1.2880/1.2950 may arise", said Valeria Bednarik, Chief Analyst at FXstreet.com. "Short-term technical readings turned neutral although still negative when the price still under-20 SMA and indicators under the middle price," according to the analyst noted; repeated failures that are slowly eroding strengthening buying interest, showing that the Euro is still in a bearish run medium in a few days, the big happening this weekend ahead of the 1.2880 figure below ". Valeria noted the range support at 1.2920, 1.2880 and 1.2840. While the range of 1.2950 support will be recorded in, 1.2980 and 1.3020.

Spain-Greece Euro Still Limit Appreciation - Fundamental Forex News Of Today

Spain-Greece Euro Still Limit Appreciation. Until well into the European trading session (Thursday, 01/11) single currency Euro seems difficult to penetrate to the level of $ 1.3 important because investors are still overshadowed by worries about Spain and Greece uncertainties continue to restrict any appreciation of the product riskier assets. Even European economic data weighed on investor sentiment again today after data eurozone unemployment hit a record high 11.6%, while Greece and Spain both are above the level of 25%. Market concerns the world economy come sticking again after this morning Australian manufacturing activity and activities of American business overnight, shrinkage.

Investors' focus has now shifted to the U.S. jobs report for October (Non-farm payrolls), which according to the U.S. Department of Labor will still be released on next Friday (02/11), and the expectations will be improved from the previous month. Euro seems depressed in the range of $ 1.2944, having only reached a high of $ 1.2970 level today.


Euro Will Return In the range 1.2475 - 1.2740 - ANZ


Euro intercepted selling at 1.3020 in the European session numbers before, only to wipe out the entire gain upon closing the U.S. session, with the return movement of the time of the London session, when no solution found for Greek Euro hit back. Today, after moving steady, euro found some support in the Asian session, currently at 1.2968 from 1.2955 earlier in the session opening.

"Failure of Euro to re-test 1.3150 area (the range for 2 years at 38.2% Retracement) peak confirms an upward movement early. This should still be in the context of the downward correction in the July low at 1.2060. The euro should now move to 1.2475 (61.8% retracement) - 1.2740 (38.2%) area (50% retracement at 1.2605-10 numbers) over the next few weeks towards the rising movement in the area of ​​1.3150 - 1.3500 in the year 2013 ". Added Riddle: "closing below 1.2865 (support increases light) should trigger the next retracement to the 1.2740 area at least. The increase (rebound) sharply above 1.3020 is needed to reduce the bias current for a deeper retracement area. "


Euro Will Discover Interests Above 1.2950 Buy


After testing again yesterday highly for 7 days at 1.3019 during the London session, over 50% Fibonacci numbers 1.3140/1.2880, Euro still has not stopped moving up and moving flat today as it did yesterday, last seen at 1.2966. The euro rose for the week at 0.21%, a few minutes ahead of manufacturing data from China.

Valeria Bednarik says: "for the short term, the euro turned bearish for the short term when it opened the Asian session, at a price below 20 SMA and indicators moved into negative territory." He also noted that the movement in the 4-hour chart has turned flat in the positive area, without any further direction Verifiers. But there it follows his partner exchange, which will bring the Euro risk aversion move down today, where 1.2880 would be seen ", concluded Bednarik. Support range: 1.2950, ​​1.2920 and 1.2880. Resistance at 1.2980, 1.3020 and 1.3045.

Euro Strengthens European Growth Optimism - Fundamental Forex News of Today

Euro Strengthens European Growth Optimism. The single currency Euro has strengthened in trade appeared Wednesday (31/10) due to the outbreak of optimism because Spain's GDP data release yesterday was not as bad as expected, so it has sparked some amount of speculative buying riskier assets including the Euro. Besides the latest news also said Greece close to agreeing to a reduction in savings programs (austerity cut) for a period of two years in order to encourage the exchange rate. And successful Italian bond auction in 5 and 10-year-old also helped boost the single currency.

However, the strengthening of the Euro seems they tend to be limited by concerns about Greece's new austerity measures agreement, and the uncertainty about when Spain will ask for a bailout. Technically, the target is still focused on strengthening Euro critical level $ 1.3 after passing the nearest prisoner's first range of $ 1.2985 which is the high range session yesterday.



On Again, Wall Street Predicted Winners

U.S. stock market (the U.S.) re-opened today after a two-day closure due to storm Sandy. Investors who earlier in the week forced to hold interest investment can now be cheered. Trading volume is believed to increase to several times higher than normal days. Throughout this month, the average daily transaction volume of 3.5 million shares. However, for this day, many analysts expect a bigger number. "It's hard to guess the direction of the market, but we will see a large volume for the same number of transactions by combining 3 days to one day," said Fred Dickson, Chief Market Strategist at DA Davidson & Co.

Expectation is possible because Wednesday is the concluding session in October. At the end of the month as they are now, investors, traders, hedge funds and mutual fund managers seek to balance position. Market participants also must not forget the agenda of the issuer's financial statements in the third quarter. Earnings were influential to the stock include Home Depot (HD) and Lowe's (LOW). Then there are the insurance companies and the financial sector such as Allstate (ALL), AIG (AIG) and Hartford Financial (HIG). Retailers, airlines and hotels, which are highly affected by the hurricane, is also a focus of attention.

Some companies that had been scheduled to release its earnings on Monday and Tuesday will be release earnings today. They are Hertz (HTZ), Mastercard (MA), Visa (V), First Solar (FSLR) and MetLife (MET, Fortune 500). Owners of capital are also new companies will respond to corporate actions that occurred during the storm struck. Among them is a management reshuffle news Apple Inc. (AAPL) and Lucasfilm purchase deal by Walt Disney (DIS) for $ 4 billion.

Spanish GDP Try Recover Euro - Fundamental Forex News of Today

Spanish GDP Try Recover Euro. The euro turned higher against the U.S. dollar on Tuesday after data showed the Spanish economy contracted less than expected in the 3rd quarter. The success Italian bond auction in 5 and 10-year-old also helped boost the performance of Euro. But still the closure of the U.S. market due to hit one of the biggest storm in 27 years to make trading conditions persisted with volume lighter than usual.

"The data are not as bad as Spanish GDP expectations have fueled some speculative buying euro / dollar," said Paul Bednarczyk, head of research at 4CAST in London. While economists Cortal Consors in Madrid found any indication of rising Spanish GDP was only a "mirage". Strengthening Euro also appears likely to be limited by concerns about Greece's new austerity measures agreement, and the uncertainty about when Spain will ask for a bailout.

Lulled Sterling CBI Reports

Pound was able to rebound against the U.S. dollar on Tuesday after the release of the results of a survey showed UK retail sales were higher than expected in October. Confederation of British Industry report showed a surprise in balance with October retail sales jumped to +30 from +6 in September, far beyond the expectations of +7. With last week's data also showed the success of the UK economy emerged from recession in the third quarter, making the market more convinced if the Bank of England still will refrain from increasing its asset purchase in its policy meeting next week.

"Sterling potentially retest the $ 1.63 if the BoE QE does not increase," said Kathleen Brooks, research director at FOREX.com.

Data consumer credit, mortgage and retail sales CBI has provided the British economy a brighter, although still remaining concerns that the UK economy was helped only temporarily as a result of the London Olympics.

Ignore Yen BoJ Policy

The yen has appreciated versus the U.S. dollar after monetary easing measures from the Bank of Japan failed to meet the expectations of investors. BoJ on Tuesday has decided to increase monetary stimulus at ¥ 11 trillion ($ 138.5 billion). Sandy tropical storm that hit the east coast of the United States also helped drive demand for the yen as a safe haven.

"The announcement of the BoJ easing policy has disappointed the market, the sinking dollar / yen to under the 79.50 level," said Boris Schlossberg, he is a director of foreign exchange strategy be manager at BK Asset Management in New York. "Most traders had hoped if Japanese policy makers can increase stimulus in larger quantities."

Meanwhile, government data released on Tuesday showed Japan's industrial production fell 4.1% in September from the previous month, the biggest drop since the devastating earth. After this fundamental forex news of today analisis, we can predicted how strong that currency of the state. Then you can shoot the market without confuse more, be profit with our. succes !

Shadowing Euro Uncertainty Continues - Fundamental Forex News of Today

Euro Flat Close to 1.2900, the narrow-range 1.2905/1.2899. EUR / USD is currently trading in a very narrow range between 1.2905/1.2899 for 4 hours while the U.S. markets were closed due to storm Sandy, last at 1.2902. The euro was down 0.25% so far in a week, looking for the defense in its daily low at 1.2885 movement. According to Valeria Bednarik, Chief Analyst at Fxstreet.com: "hourly chart shows a neutral stance, with the SMA-20 are still at relatively low levels heading above the current price," the analyst said, adding: "In the 4 hours chart, Euro mapped also bearish technical outlook for prices, has no reason to go down lower: BOJ monetary policy decision is a major risk factor for the next few hours, and will likely set the market tone for the current session. "


Valeria continued: "For the daily trend line down of Euro, today will be recorded at 1.2955, which is a key resistance level to clear bearish signal and provide opportunities bullish," with the support level at 1.2880, 1.2840 and 1.2800. While the level of resistance can be found at 1.2935, 1.2955 and 1.2980.

Shadowing Euro Uncertainty Continues

 The euro fell versus the dollar and yen earlier this week, amid continued uncertainty over Greek austerity deal and no signs of Spain will ask for a bailout. Risks increasingly threaten Greek bankruptcy after international creditors on Monday declined to give further concessions on labor law changes, which continue to be debated by the ruling coalition partners. While the funds owned by Athena just enough until mid-November.

"Although the European bond auctions and Spanish bond payments are due this week may be able to run smoothly, stability can not be achieved as long as there is no quick solution to the problem of Europe," said Kathy Lien, director of BK manager Asset Management in New York. Trade on Monday itself took a slim volume as the closure of the U.S. market due to threats of Hurricane Sandy, who probably also will continue until Tuesday


U.S. Election Polling Trigger Negative Sentiment Aussie

 Australian Dollar dragged down Asian stocks drop amid concerns emerge over the U.S. presidential election poll results, which eroded the demand for high-yield assets is high. But the weaker currency often called Aussie is estimated to be limited, following the rate cut reduced speculation the Reserve Bank of Australia at its policy meeting next week.

"The latest polls still show a relatively balanced support for Romney and Obama, who assessed the market leads to uncertainty," said Ray Attrill, deputy head of currency strategy at National Australia Bank Ltd.. in Sidney. "And that led to a negative movement in the market risk. Which might be able to deliver the Aussie fell back below $ 1.03."

Results Ohio Newspaper Association poll released on Sunday showed Romney - Obama will outperform. At the same time, another poll for 1015 voters showed they support a balanced sound.