Showing posts with label Sterling. Show all posts
Showing posts with label Sterling. Show all posts

Wednesday, February 6, 2013

Sterling worsen Housing Sector UK

Sterling worsen Housing Sector UK. Sterling continued softening in the London session after data emphasize the threat of recession housing sector which now haunt the UK economy. House price index (version Halifax) fell 0.2% for the month of January; according to predictions, but worse than the previous publications which rose 1.3%. GBP / USD is now trading 1.56442, 1.56645 away from the daily high level. The fall in house prices could imply reduced purchasing power of consumers considering a home is one of the main components of wealth. It certainly makes the market increasingly concerned about the threat of recession after the UK economy shrank in the last quarter back 2012.

Euro Continue Correction Ahead of Release Data

The European single currency, the euro ahead of the data continued to Corrected German Factory Orders at 18:00 pm. Currently, the euro was at 1.3570 level. The survey, conducted before the data was released mentions expectations for a contraction of 1.2% in the year to December period. While market participants began to focus on the ECB meeting due to be held tomorrow (07/02). Currently, the euro has depreciated by 0.11% at 1.3567 with the next support level at 1.3415 (low of January 29), 1.3377 (MA21d) and 1.3349 (level Low 25 Jan). As for the resistance level at 1.3620, 1.3660 (level height 4 Feb) and 1.3664 (Upper Bollinger).

Rally Could Not Hang Seng Cover Gap


Until well into the second session, the Hang Seng Index (HSI) rallied 0.8% was observed in the range of 23,331.45, due to the flood of cheap stock enthusiasts (bargain hunters) that goes to Hong Kong's stock after yesterday's sharp decline in the last 3 months. But technically that signal emerging uptrend pattern Hang Seng has become dangerous. Because these days the index has failed to close the gap between 23.406 s / d 23.685 which would likely diminish the increase trend (uptrend).

And due to a sharp decline in the Hang Seng experienced session yesterday, today some technical indicators look bullish attempt to maneuver. However, Hang Seng rally will likely be hampered by the Moving Average indicator is still bearish, and the MACD is still in negative territory while in town. By relying on a bullish Stochastic and refers to the theory of Fibonacci projections, the Hang Seng rallied still appeared to be stronger resistance to 23 385 (23.6% retrace) and 23 450 and 23 500 (38.2% retrace). While the correction will take the index to some point and then support such as 23 270 23 200 or even up to go back to the support level of 23,080, the lowest level session on Tuesday.

Portugal & Ireland Ask for Help Extras from the ECB ?

Ireland and Portugal were targeted additional funding from the European Central Bank (ECB) to be able to re-access the bond market in full. Two German media reports said today, after citing an unnamed source. Portugal asked the ECB to enable the bond-buying program, known as the Monetary Outright Transactions (OMT). The government wants to rebuild investor confidence in the economy and the Iberian country's ability to pay. Unfortunately, the daily Handelsblatt writes 23 members of the main board of the ECB has rejected the purpose of using OMT fund to help troubled nations who want to return to the bond market.

Late last month, Secretary of the Ministry of Finance of Portugal, Maria Luis Albuquerque said the government has not received a copy of the provisions of the OMT program. This statement came after Portugal's successful bond release a 5-year tenor in his debut in the debt market. Since nearly two years ago, the state can not enter into the bond market in accordance with the European bailout. Portugal still want to learn the provisions in the articles of OMT before deciding on further steps.

While media Die Welt also said Portugal is planning to ask for an extension of the loan payment due ESM permanent post as much as 10 to 15 years. This step was taken so that the government could settle the payment with a more 'smoothly' while recovering domestic economy. If the news is true, then Portugal still have to wait for approval of the German parliament. This process is believed to be held tough considering the past two years, lawmakers in Europe's biggest economies have tolerated the government's role in the European recovery effort. Moreover, Germany soon hold elections in September. Parliament and government officials are unlikely to take bold steps related to the use of public tax funds.

At the same time, Ireland is seeking bleaching was also reported partial dependents of the total debt reached 31 billion euros ($ 42.2 billion). Funds obtained by the government bailout of Dublin ECB has used to help banks' capital adequacy amid the financial crisis. Banks a few years ago suffered a liquidity crisis have got a soft loan distributed by the central bank of Ireland. The ECB has stated that the policy of debt relief is not a board of governors and a domain is tantamount to violation of the constitution. Therefore, Ireland's efforts to meet the tough certainly true if proposed by the government in the next few weeks.

Daily Die Welt also reported that the Irish coalition government will meet this week to discuss the debt easing discourse. Both media Handelsblatt and Die Welt wrote Ireland plans to convert short-term debt into government bonds, whose interest more in fact lower. Pressure will be put forward as an alternative to the policy of the payment Ireland promissory notes will mature in March. Prime Minister Enda Kenny trying to convince the parliament that the coalition government will not collapse if it fails to ask for easing the payment.

Case Facebook IPO, Nasdaq Continues Strive Peaceful Way

Nasdaq OMX Group is conducting preliminary talks with the United States Securities and Exchange Commission to seek peaceful means in the case of Facebook IPO. As is known, the Facebook IPO is not going well because of technical problems that are under the responsibility of the Nasdaq. Delay order on May 18, 2012 and made a lot of companies and retail investors lose big. Negotiations between the Nasdaq and the Securities Exchange Commission is expected to include a fine of $ 5 million. The amount is 10 times smaller than the amount of damages claimed by all companies and individual owners of capital. If the total, transaction reportedly accumulated losses reached $ 500 million according to the data of each broker.

"We are talking with the SEC to find a way out of the problems that occurred last May 18," said a spokeswoman for Nasdaq, Joe Christinat. In September 2012, the Nasdaq had offered compensation worth $ 62 million for the parties who feel aggrieved. But the proposal was rejected by several major companies, including UBS and Citigroup. It is not yet known how the estimated amount to be paid by the Nasdaq as a whole in addition to the SEC fines totaling $ 5 million.

Mr. Retired from Goldman BRIC This Year

Goldman Sachs will lose one of the important figures in the coming months. Is Jim O'Neill, who prepares to step down this year after serving the largest U.S. financial companies for 20 years. O'Neill currently serves as President of Goldman Sachs asset management division. He is remembered as the first to identify the emergence of new economies and call it by the acronym BRIC (Brazil, Russia, India and China). His reputation was further after market players see the projections on the world economy proved right a few times.

In 2001 ago, he predicted the economic forces were going to control the world economy in the decades ahead. O'Neill China as a dark horse candidate that is able to shake the hegemony of the U.S. and Japan. Until now he is still looking bullish Chinese state, as expressed in an interview with Fortune last month. O'Neill believes that the Chinese stock market will rebound this year due to the effects of national economic acceleration. "I see an alarming from India and Brazil, but it is not the case with China," he said at the time.

O'Neill saw the potential for new problems in India and Brazil, particularly in the political and monetary. "People assume India (economy) they could grow 8% but did not do anything. They are reluctant to change policies that could actually boost productivity-oriented investment flows," he added. As for Brazil, Jim O'Neill saw its currency is overvalued and non-commodity lines do not have a good competitiveness. But O'Neill praised the courage the government to suppress the strengthening of its currency this year, although the risk is also very large.

Goldman's Jim O'Neill's departure was confirmed in a letter signed by Lloyd Blankfein and Gary Cohn. There, the company praised the role for 20 years of service O'Neill at Goldman. Even so, the memo did not include Mr retirement date. BRIC and the reasons behind the resignation. Goldman Sachs shares closed up $ 150.45 or equal to 2% in Tuesday trading session (05/02).

Sunday, January 27, 2013

Sterling Enduring Above 1.5750 low - Forex Trading Fundamental Of Today

Sterling Enduring Above 1.5750 low. Sterling continued to survive throughout the day is near the low last seen at 1.5760, down from Friday's weekly close 1.5800 area, with a session high at 1.5789. Price changes may be seen as a core data release U.S. durable good that will be followed by the data ileh U.S. pending home sales. "Sterling opens this week with a clear bearish signal in the movement per hour, although the price of trying to close the gap and near 1.5800 before continuing down. If the price moves to test 1.5800/20 area, down 1.5740 break a opportunities and so on, will probably show the number 1.5660 today ", said the analyst. Valeria said that support will be recorded in the range 1.5740, 1.5700 and 1.5660. While the range of 1.5810 resistance will be recorded, 1.5850 and 1.5885.

Aussie Near 8 Month Low Vs Euro, Stable Versus Yen

The Australian dollar held near 8 month low against the euro on Monday as the single currency moved rally related optimism that Europe was recovering from the debt crisis. Europ be near A $ 1.2925, having touched A $ 1.2940, according to Reuters emergency, its highest since May last year. Against the NZD, Euro moves up to NZ $ 1.6120, its best in nearly a month. Last seen at NZ $ 1.6110. Euro rally moves in general, touches 11-month high at the $ 1.3479 in late last week after the ECB said that the banking sector will pay back the loan this week, signaling stability in the European financial system.

Aussie Almost Not Moving Above 1.0400


Holiday in Australia there would make the stock market closed, the Aussie close to the low of the previous session where the currency was last seen at 1.0413, slightly down below the current session, from the previous weekly close above 1.0420 on Friday. Since North Korea threatened Thursday to nuclear testing, although the data was released HSBC China PMI, Aussie finally fell as much as 1.31%. According to Valeria Bednarik, analyst at FXstreet.com, Aussie still strong bearish signal by movements per hour chart shows that the price is below SM-20 and some indicators moving down in negative territory. In a 4-hour movement indicators moving in oversold territory, with a slight rise moving target today: the price must at least recover to the 1.0450 area to erode bearish signal, while the price still stays below 1.0390, which will be wide open down movement in the area of ​​1300 ", said the analyst. Bednarik identify areas of support at 1.0390, 1.0345 and 1,300, while the range of 1.0450 resistance will be recorded, 1.0490 and 1.0520.

The crisis subsided, Euro Positive

The euro shot up to near 11-month high against the dollar on Monday related to the persistence of the signal confidence level of economic recovery in Europe, while the yen fell to a 2-1/2 year low against the U.S. dollar on expectations of a policy easing in Japan. Data on Friday showed that Europe's banks return to pay for emergency loans borrowed from the ECB during the ongoing debt crisis, as a sign of the growing economic and financial confidence there. The euro moved to $ 1.3459, still flat from last week's level of U.S. session but is still close to 11-month high at $ 1.3480 rate that occurred Friday. Euro will soon be faced with a series resistance level near $ 1.3500, including high numbers in 2012 at $ 1.34869, 50% retracement from the high in May 2011 to a low in July 2012 at the rate $ .3492, and the psychologically important figure at $ 1.3500.

Green Light For Euro, Ready to Earn 1.3500

Euphoria Euro ready to continue, finally, after the Euro finally penetrate the strong range against the U.S. dollar to rise movement, moved higher to new 11-month high at 1.3480 were triggered by a number of repayment of banks in Europe. Currently, the euro is still moving near the close of 1.3487 (high February 24, 2012), followed by 1.3491 (50% Fibonacci to decline in 2011-12), and then towards the psychological 1.3500 area. In order to decrease the movement, range of support to be found in the 1.3410 (low movement per hour in January 25) that will target 1.3349 area (January 25 low) and then to 1.3347 (MA-10 days). According to an analyst from BK, Kathy Lien, there are 3 factors that bring the euro rose strongly, data released by strong German IFO, repayment of European banks and U.S. stock markets rose with falling home sales data. After 1:34 rid area, the next area will be recorded between 1.3485 and 1.3525, which is the height of last year, with SMA-200 last week and 50% Fibonacci retracement at 2011 to the sell-off in 2012, so confirmation from Kathy Lien. "There will be a very important price levels since 1:35 is a big target area Euro", added Lien when he expects the euro will maintain technical penetration to target price at 1:35 ".

Saturday, January 19, 2013

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."

Tuesday, January 8, 2013

Japan to Tighten Control on the Senkaku

Japan to Tighten Control on the Senkaku. Prime Minister Shinzo Abe ordered the defense minister to tighten around the Senkaku Islands, the area in question with China. Deputy Minister of Foreign Affairs, Akitaka Saiki, has summoned the Chinese Ambassador in Tokyo as he uttered protest the Chinese government's inclusion of four ships in the region. The Chinese ships entered the Senkaku on Monday afternoon and left the area on Tuesday morning. China's Ministry of Marine Affairs has confirmed four ships stressing only ship patrolling the territorial waters of China. Ministry was criticized even turning Japanese who have entered the territory of China. "The attitude of Japan could worsen conditions in the region and has received special attention," said Sun Shuxian, Chinese Communist party officials who deal with marine issues.

Japan's relations with China have deteriorated since the government does Japan buy Senkaku islands of private investors Japan in September. China claims the island belongs to him who is also known as the Diaoyu Islands.

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.

Wednesday, December 19, 2012

Sterling Continues Rally After BoE Minutes - Fundamental Forex News of Today

Sterling Continues Rally After BoE Minutes. Pound rallied against the greenback continues to day-to-4 minutes straight after the release of the Bank of England policy meeting. Minutes show the results of voting 8-1 to stop the bond-buying program, as easing the risk of the European crisis and the rising threat of inflation. Among the nine members of the MPC, only David Miles is still calling for an increase asset purchase target by £ 25 billion ($ 40.7 billion).

"The market is assessing the results of voting as a factor 8-1 hawkish," said Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank Ltd.. in London. "And the market will start anticipating stronger economic performance in the first quarter, which will drive demand for UK Sterling and assets."

Stevens comments Anxiety Triggers Aussie

The Australian dollar slipped for the second day in a row against the U.S. currency as the emergence of concerns that a slowing domestic economy will urge the RBA to lower interest rates. Currency that is often called Aussie weakness against most of its 16 major trading partners after the Reserve Bank of Australia Governor, Glenn Stevens, said about the risks in the shift of growth from the mining sector to the other sectors.

"Governor Stevens was always worried about the output gap and what it will cover a vacancy when the mining investment slowed," said

Hans Kunnen, an economist at St. George Bank Ltd.. in Sydney. "The fact that the RBA has also seen the potential for growth in the Australian economy more slowly helped diminish enthusiasm for the Aussie." While the economic data released Westpac Banking Corp. and the Melbourne Institute shows the projected growth of the Australian economy in the future only rose by 0.1% to 285.7 in October, after posting a 0.6% rise the previous month.

Tuesday, December 18, 2012

U.S. Budget Optimism and Euro Rally

The Solid Euro Above 1.3200. With the approach of the holidays, the dollar enters the stage konsolidatif although overall traded lower against major currencies. Market participants continue to monitor U.S. budget talks and despite signs of progress in the budget negotiations, the forex market does not respond strongly about it, while many analysts assert that the deal should have expected at this point. On Tuesday, the euro and the pound hit a high against the dollar, while the currency-related commodities such as AUD and CAD moved lower after the RBA said that mining investment is estimated to have peaked. Meanwhile, the greenback traded above 84.00 against the yen, this is the highest level in almost eight months, as the Japanese currency weakened amid speculation the BOJ might be easier to make policy further on Thursday. "When the terms of trade is rather thin and could move unexpectedly, our bias for further currency trading is bullish in the short term". Said Nick Bennenbroel, an analyst at Wells Fargo Bank.
 

Sterling Mute Fear Inflation Data. Pound rose to their highest in more than 2 ½-month low against the U.S. dollar after UK inflation data dampen expectations of further QE by the Bank of England in the near future. UK consumer price inflation was steady at 2.7% in November after posting a staggering surge in the previous month. But some analysts warned that Sterling could again depressed if the BoE meeting minutes released Wednesday showed more dovish. "Sterling has shown strong performance in recent sessions," said Audrey Childe-Freeman, currency strategist at BMO Capital Markets. "Regardless of the numbers of stable inflation, the central bank meeting minutes and retail sales data was the main focus this week. Minutes a more dovish Sterling returns to risk a vulnerable position."

Hurting Aussie RBA Minutes. The Australian dollar hit after minutes meeting the Reserve Bank of Australia shows if the weak labor market is the main reason that drives interest rate cut in December. In the RBA's minutes also assess if China's growth is stabilizing. But the weaker currency often called Aussie is still limited after major economic indicators released Conference Board Australia has recorded an increase in October. "Expectations of lower interest rates further RBA Jula has brought pressure for the Aussie," said Takuya Kawabata in their speak, some researcher at Gaitame.com Research Institute Ltd.. in Tokyo. "But the Aussie back making demand after the market digested some positive comments about the growth of China. RBA may still be wait and see what happens before deciding further interest rate cuts next year."

U.S. Budget Optimism and Euro Rally. The euro soared to its highest level in more than a 7-month high versus the U.S. dollar as the emergence of signs of progress in the negotiations the U.S. budget, which sparked risk appetite in the market. Market players sold safe-haven assets like the dollar amid optimism that U.S. politicians will be able to reach an agreement to avoid "fiscal cliff ', a combination of tax hikes and spending cuts that risk drowning the world's biggest economy back into recession next year. The achievement of a new compromise on the U.S. budget assessed as a positive thing that can trigger risk appetite and favor riskier currencies like the euro, which in turn would weigh on the Greenback. The increase shown euro also helped push Spanish and Italian bond yields moved lower and boost demand for European stocks.

Friday, November 2, 2012

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.

Wednesday, October 31, 2012

Runway Construction Data Appreciation The Aussie - Fundamental Forex News Of Today

Runway Construction Data Appreciation The Aussie. The appreciation of the Australian dollar continues on Wednesday following the release of data on building permits in September were better than expected. Currency that is often called Aussie gained against most major rivals ahead of China manufacturing data, which may be showing improvement and export prospects brighten kangaroo country.

"The number of building permits in Australia far exceeded expectations," said Khoon Goh, senior currency analyst at Australia & New Zealand Banking Group Ltd.. in Singapore. "The data indicate that the RBA rate cuts during the past year started to show results., And it has helped a bit Aussie." The number of permits granted to build or renovate houses and apartments rose by 7.8% last month from 8.8% in August, according to the Bureau of Statistics in Sydney. These results are much higher than the expected increase of 1% of the economists.


Recovery Optimism British Sterling

Pound extended the dominance of the greenback on Wednesday after a series of solid UK data reduce the possibility of further monetary easing and attracted a number of investors to collect Sterling. "Sterling looks more stable after the CBI trade survey supports the expectation that the UK economy has been on the recovery path," said Nawaz Ali, market strategist at Western Union Business Solutions.

UK data were better than expected as well have eroded the opportunities for further monetary easing from the Bank of England next month, although still remaining concerns over the pace of economic recovery. Images from the latest UK consumer confidence remains fragile highlights Britain's recovery from recession, as shown GfK NOP survey on Wednesday.

For further investors will be monitoring the release PMI manufacturing, construction and services in the next few days to obtain an indication of the health of the British economy in the 4th quarter.

Tuesday, October 30, 2012

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 !